RA-13-006, Biennial Decommissioning Financial Assurance Report

From kanterella
Jump to navigation Jump to search
Biennial Decommissioning Financial Assurance Report
ML13093A015
Person / Time
Site: Harris, Brunswick, Crystal River, Robinson  Duke Energy icon.png
Issue date: 03/28/2013
From: Waldrep B
Duke Energy Carolinas, Carolina Power & Light Co, Florida Power Corp, Progress Energy Carolinas, Progress Energy Florida
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
RA-13-006
Download: ML13093A015 (23)
v • d • e


Text

Duke 10 CFR 50.75(f)(1)

Benjamin C Waldrop Vice President rEEnergy 10 CFR 50.4 Corport Goveance Operations Support Duke Energy Corporation 526 South Church Stteet Charlotte, NC 28202 Ma~ing Address:

ECO7H / P. 0. Box 1006 Charlotte, NC 28201-1006 704 382 8162 704 382 6056 fax Benjamin. Waldrp~aduke-enen&y.com Serial: RA-13-006 March 28, 2013 U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, D. C. 20555-001 H. B. Robinson Steam Electric Plant, Unit 2, Docket Nos. 50-261 Brunswick Steam Electric Plant, Units I and 2, Docket Nos. 50-325, 50-324 Shearon Harris Nuclear Power Plant, Unit 1, Docket Nos. 50-400 Crystal River Unit 3 Nuclear Generating Plant, Docket Nos. 50-302 Biennial Decommissioning Financial Assurance Reports

Reference:

Letter from Jon A. Franke (VP, Crystal River Nuclear Plant) to USNRC, 3F0213-07, dated February 20, 2013, Subject Crystal River Unit 3 - Certification of Permanent Cessation of Power Operations and that Fuel Has Been Permanently Removed from the Reactor Ladies and Gentlemen:

Pursuant to 10 CFR 50.75(f)(1), Carolina Power & Light Company, now doing business as Progress Energy Carolinas, Inc. and Florida Power Corporation, now doing business as Progress Energy Florida, Inc. submit the required Decommissioning Financial Assurance reports for Brunswick Steam Electric Plant, Units 1 and 2; Shearon Harris Nuclear Power Plant, Unit 1; H. B. Robinson Steam Electric Plant, Unit 2; and Crystal River Unit 3 Nuclear Generating Plant. The report for each nuclear plant contains the following information:

(1)

Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c).

(2)

Amount accumulated to the end of the calendar year preceding the date of the report.

(3)

Schedule of annual amounts remaining to be collected.

(4)

Assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.

(5)

Contracts upon which the licensee is relying pursuant to paragraph 10 CFR 50.75(e)(1)(v).

(6)

Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.

(7)

Material changes to trust agreements.

Np~

U.S. Nuclear Regulatory Commission March 28, 2013 Page 2 The adjustment factors used in Item 1 for the calculation in 10 CFR 50.75(c)(2) is determined using the December 2012 indices from the U.S. Department of Labor, Bureau of Labor Statistics for labor, energy, and fuel and NUREG-1307, Revision 15, for burial.

Pursuant to the letter referenced above, Progress Energy Florida, Inc. certified that Crystal River Unit 3 has permanently terminated power operation and that all fuel assemblies have been permanently removed from the reactor vessel, in accordance with 10 CFR 50.82(a)(1 )(i) and 10 CFR 50.82(a)(1)(ii). Accordingly, the Decommissioning Financial Assurance reports for Crystal River Unit 3 Nuclear Generating Plant must be submitted annually in accordance with 10 CFR 50.75(f)(1).

Pursuant to 10 CFR 50.75(e)(1)(ii), Progress Energy Carolinas, Inc. has authorization from the rate-setting authority of South Carolina to use a real rate of return greater than 2% for the South Carolina portion of the qualified decommissioning trust fund. In particular, the Public Service Commission of South Carolina (PSCSC) issued an accounting order on September 23, 2011, which, based on figures included in Carolina Power & Light Company's 2009 Decommissioning Cost Updates, approved a 6.0% projected return on the external qualified fund and a 3% cost escalation rate (resulting in a real rate of return of 3%).

As reported in the Biennial Decommissioning Funding Status Report dated March 31, 2011 (MLI 10950366), Progress Energy Carolinas, Inc. has authorization from the rate-setting authority of North Carolina to use a real rate of return greater than 2% for the North Carolina portion of the qualified decommissioning trust fund.

Pursuant to 10 CFR 50.75(e)(1)(ii), Progress Energy Florida, Inc. has authorization from the rate-setting authority of Florida to use a real rate of return greater than 2% for the qualified decommissioning trust fund. In particular, the Florida Public Service Commission issued an order on April 30, 2012, which, based on figures included in Progress Energy Florida, Inc.'s 2010 Nuclear Decommissioning Study, approved an assumed fund earning rate of 5.47% and an escalation rate of 2.8% (resulting in a real rate of return of 2.67%).

The North Carolina Utilities Commission (NCUC) issued an order on February 5, 2004, directing Carolina Power & Light Company to transition funds held in its internal reserve to the external nuclear decommissioning trust. This transition began in 2008, and as directed, the minimum annual transfer is 10% of the internal fund balance as of December 31, 2007. These transfers are shown on Attachments 1 - 4.

As a convenience to the NRC, the Decommissioning Financial Assurance reports from each co-owner for funding the decommissioning of Brunswick Steam Electric Plant, Units 1 and 2; Shearon Harris Nuclear Power Plant, Unit 1; and Crystal River Unit 3 Nuclear Generating Plant are identified within each unit's report. However, none of the co-owners assumes any responsibility for the information contained in any other co-owner's report.

U.S. Nuclear Regulatory Commission March 28, 2013 Page 3 There are no regulatory commitments associated with this letter.

Please address any comments or questions regarding this matter to Paul Guill at (704) 382-4753 (pauI.gui/I@duke-energy.com).

Sincerely, Benjamin C Wade Vice President-Corporate Governance &

Operation Support Attachments:

Progress Energy Carolinas, Inc.

  • Attachment 1, NRC Decommissioning Funding Status Report, H. B. Robinson Steam Electric Plant, Unit 2
  • , NRC Decommissioning Funding Status Report, Brunswick Steam Electric Plant, Unit 1

" Attachment 3, NRC Decommissioning Funding Status Report, Brunswick Steam Electric Plant, Unit 2

" Attachment 4, NRC Decommissioning Funding Status Report, Shearon Harris Nuclear Power Plant, Unit I Progress Energy Florida, Inc.

" Attachment 5, NRC Decommissioning Funding Status Report, Crystal River Unit 3 Nuclear Generating Plant Progress Energy Carolinas, Inc. Co-Owners

" Attachment 6, NRC Decommissioning Funding Status Report, North Carolina Eastern Municipal Power Agency, Brunswick Steam Electric Plant, Unit 1

" Attachment 7, NRC Decommissioning Funding Status Report, North Carolina Eastern Municipal Power Agency, Brunswick Steam Electric Plant, Unit 2

  • Attachment 8, NRC Decommissioning Funding Status Report, North Carolina Eastern Municipal Power Agency, Shearon Harris Nuclear Power Plant, Unit 1

U.S. Nuclear Regulatory Commission March 28, 2013 Page 4 Attachments (continued):

Progress Energy Florida, Inc. Co-Owners

" Attachment 9, NRC Decommissioning Funding Status Report, City of Alachua, Crystal River Unit 3 Nuclear Generating Plant

  • 0, NRC Decommissioning Funding Status Report, City of Bushnell, Crystal River Unit 3 Nuclear Generating Plant

" Attachment 11, NRC Decommissioning Funding Status Report, City of Gainesville, Crystal River Unit 3 Nuclear Generating Plant

  • 2, NRC Decommissioning Funding Status Report, City of Kissimmee, Crystal River Unit 3 Nuclear Generating Plant
  • Attachment 13, NRC Decommissioning Funding Status Report, City of Leesburg, Crystal River Unit 3 Nuclear Generating Plant

" Attachment 14, NRC Decommissioning Funding Status Report, City of New Smyrna Beach, Crystal River Unit 3 Nuclear Generating Plant

" Attachment 15, NRC Decommissioning Funding Status Report, City of Ocala, Crystal River Unit 3 Nuclear Generating Plant

  • Attachment 16, NRC Decommissioning Funding Status Report, Orlando Utilities Commission, Crystal River Unit 3 Nuclear Generating Plant

" Attachment 17, NRC Decommissioning Funding Status Report, Seminole Electric Cooperative, Crystal River Unit 3 Nuclear Generating Plant

U.S. Nuclear Regulatory Commission March 28, 2013 Page 5 xc (with attachments):

V. M. McCree, Region II Administrator U.S. Nuclear Regulatory Commission Marquis One Tower 245 Peachtree Center Avenue NE, Suite 1200 Atlanta, GA 30303-1257 C. Gratton, NRR Project Manager (BSEP)

U. S. Nuclear Regulatory Commission 11555 Rockville Pike Mail Stop 8 G9A Rockville, MD 20852-2738 A. T. Billoch-Colon, NRR Project Manager (HBRSEP, Unit 2)

U. S. Nuclear Regulatory Commission 11555 Rockville Pike Mail Stop 8 D15 Rockville, MD 20852-2738 A. T. Billoch-Colon, NRR Project Manager (SHNPP, Unit 1)

U. S. Nuclear Regulatory Commission 11555 Rockville Pike Mail Stop 8 D15 Rockville, MD 20852-2738 C. Gratton, NRR Project Manager (CRNGP, Unit 3)

U. S. Nuclear Regulatory Commission 11555 Rockville Pike Mail Stop 8 D15 Rockville, MD 20852-2738 M. Catts, Senior Resident Inspector Brunswick Steam Electric Plant, Unit Nos. 1 and 2 N R. Childs, Senior Resident Inspector Crystal River Unit 3 Nuclear Generating Plant J. A. Hickey, Senior Resident Inspector H. B. Robinson Steam Electric Plant, Unit No. 2 J. Austin, Senior Resident Inspector Shearon Harris Nuclear Power Plant, Unit I

U.S. Nuclear Regulatory Commission March 28, 2013 Page 6 xc (with attachments):

W. L. Cox, III, Section Chief Div. of Environmental Health, RP Section NC Dept. of Env. & Natural Resources 1645 Mail Service Center Raleigh, NC 27699 S. E. Jenkins, Manager Radioactive & Infectious Waste Management SC Dept. of Health and Env. Control 2600 Bull St.

Columbia, SC 29201 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Progress Energy Carolinas H. B. Robinson Steam Electric Plant 100% Ownership Unit #2 Robinson Unit 2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

$ 469,591,233

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Aitematively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate Is for Items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Altematively, the annual amounts remaining to be collected can include Items beyond those required In 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and Indicates what portion of that estimate is for items that are not Included in 10 CFR 50.75 (b) and (c).)

Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

Quaiied Non Qualified

$ 373,852,222 7,378,986 Annual Collections Internal Reserve Transfers Year 2013 $

2014 $

2015 $

2016 $

2017 $

2018 $

2019 $

2020 $

2021 $

2022 $

2023 $

2024 $

2025 $

2026 $

2027 $

2028 $

2029 $

2030 $

Qualified 3.532.639 3,532,639 3,532,639 3,532,639 3,532,639 3,532,639 3,532,639 3,532,639 3,532,639 3,532,639 3,532,639 3,532,639 3,532,639 3.532,639 3,532,639 3,532,639 3,532,639 2,060,708 Non Qualified 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,914,903 1,117,027 Qualified Non Qualified

$ 5,875,099

$ 5,875,099

$ 5,875,099

$ 5,875,099

$ 5,875,099

4. The assumptions used regarding escalation In decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

Total

$ 62,115,569 33,670,378 Inflation Qualified rate of return Non-qualified rate of return N/A N/A N/A

$ 29,375,495 3.0%

6.0%

4,5%

7. Any material changes to trust agreements.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Progress Energy Carolinas Brunswick Steam Electric Plant 81.67% Ownership Unit #1 Brunswick Unit 1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for Items Included In 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and Indicates what portion of that estimate is for Items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can Include items beyond those required In 10 CFR 50.75 (b) and (c) If the cover letter transmitting the report provides a total cost estimate and Indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)

Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

$530,288,401 Qualified Non QualIfed

$247,764,329 27,847,933 Annual Collections interal Reserve Transfers 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Qualified Non Qualified 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 5,242,212 3,931,659 124,502,535 Qualified Non Qualified 4,724,403 4,724,403 4,724,403 4,724,403 4,724,403

$ 23,622,015 Total

4. The assumptions used regarding escalation In decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee Is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

Inflation Qualified rate of return Non-qualified rate of return 3,0%

6.0%

4.5%

N/A N/A N/A NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Progress Energy Carolinas Brunswick Steam Electric Plant 81.67% Ownership Unit #2 Brunswick Unit 2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for items Included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here If the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included In 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items In 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required In 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not Included In 10 CFR 50.75 (b) and (c).)
  • Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

530,288,401 Qualied Non Qualified 289,494,351 15,051,731 Annual Collections Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Qualified Non Qualified 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 3,889,962 S

Internal Reserve Transfers Quallfigd Non Qualified 6,382,321 6,382,321 6,382,321 6,382,321 6,382,321

4. The assumptions used regarding escalation In decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

Total Inflation Qualified rate of return Non-qualified rate of return N/A N/A N/A 85,579,164 31,911,605 3.0%

6.0%

4.5%

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Progress Energy Carolinas Shearon Harris Nuclear Power Plant 83.83% Ownership Unit #1 Harris Unit 1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items In 10 CFR 50.75 (b) and (c), (Alternatively, the annual amounts remaining to be collected can include Items beyond those required In 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and Indicates what portion of that estimate Is for Items that are not Included in 10 CFR 50.75 (b) and (c).)

Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

415,730,135 Qualified Non Qualified 256,534,690 41,230,344 Annual Collections Internal Reserve Transfers Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 Qualified 10,170,237 10,170,237 10,170,237 10,170,237 10.170,237 10,170,237 10,170,237 10,170,237 10,170,237 10,170,237 10,170,237 10,170,237 10,170,237 10,170,237 Non Qualfie 434,459 434,459 434.459 434,459 434,459 434,459 434,459 434,459 434.459 434,459 434.459 434,459 434,459 434,459 10,604,696 1

10,604,696 10,604,696 10,604,696 10,604,696 10,604,696 10,604,696 10,604,698 10,604,696 10,604,698 10,604,696 10,604,696 10,604,696 10,604,696 10,604,696 10,604,696 10,604,696 10.604.696 10,604,698 8,837,247 S

S S

S Qualified Non Qualified

$ 1,821,385

$ 1,821,385

$ 1,821,385

$ 1,821,385

$ 1,821,365

$ 9,106.925

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee Is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

Total 142,383,318 216,408,897 Inflation Qualified rate of return Non-qualified rate of return N/A N/A N/A 3.0%

6.0%

4.5%

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Progress Energy Florida Crystal River Nuclear Generating Plant 91.7806% Ownership Unit #3 Crystal River Unit 3 la. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

1 b. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 11/29/2011 pursuant to 10 CFR 50.75 (f) (3).

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here If the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate Is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for Items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can Include Items beyond those required in 10 CFR 50.75 (b) and (c) If the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1 Xv).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

441,707,259 691,765,985 Qualified NniQualified 627,799,576 856,527 None Inflation qualified rate of return non-qualified rate of return 2.8%

5.47%

0.0%

N/A N/A N/A NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 North Carolina Eastern Municipal Power Agency Brunswick Steam Electric Plant 18.33% Ownership Unit #1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

119,017,833

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and Indicates what portion of that estimate Is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) If the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not Included In 10 CFR 50.75 (b) and (c).)

94,939,933 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Amount 465,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 450,000 Total 14,115,000

  1. of years to collect 24
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

Escalation Rate of return 4.0%

4.75%

None None The Trustee In the North Carolina Eastern Municipal Power Agency's trust agreement was amended from State Street Bank and Trust Company to US Bank NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 North Carolina Eastern Municipal Power Agency Brunswick Steam Electric Plant 18.33% Ownership Unit #2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

119,017,833

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and Indicates what portion of that estimate Is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required In 10 CFR 50.75 (b) and (c) If the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included In 10 CFR 50.75 (b) and (c).)

103,461,147 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Amount 145,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 Total 12,745,000

  1. of years to collect 22
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

Escalation Rate of return 4.0%

4.75%

None None

7. Any material changes to trust agreements.

The Trustee in the North Carolina Eastern Municipal Power Agency's trust agreement was amended from State Street Bank and Trust Company to US Bank NRC Decommissioning Funding Status Report Report Dated as of December 31. 2012 North Carolina Eastern Municipal Power Agency Shearon Harris Nuclear Power Plant 16.17% Ownership Unit #1

1. The minimum decommissioning fund estimate.

pursuant to 10 CFR 50.75 (b) and (c).

2. The amount accumulated at the end of the calendar year preceding the date of the report for Items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here If the cover letter transmltting the report provides the total estimate and Indicates what portion of that estimate is for Items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for Items In 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can Include Items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and Indicates what portion of that estimate is for items that are not Included In 10 CFR 50.75 (b) and (c).)

80,190,341 50612,301 X99 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 Amount 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 890,000 741,667 Total

  1. of years to collect 30,111,667 34
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used In funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(eX1 Xv).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

Escalation Rate of return 4.0%

4.75%

None None

7. Any material changes to trust agreements.

The Trustee in the North Carolina Eastern Municipal Power Agency's trust agreement was amended from State Street Bank and Trust Company to US Bank NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 City of Alachua Crystal River Nuclear Generating Plant 0.0779% Ownership Unit #3 1 a. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 11/29/2011 pursuant to 10 CFR 50.75 (f) (3).

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate Is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75(b) and (c). (Alternatively, the annual amounts remaining to be collected can include Items beyond those required in 10 CFR 50.75 (b) and (c) If the cover letter transmitting the report provides a total cost estimate and Indicates what portion of that estimate is for Items that are not Included In 10 CFR 50.75 (b) and (c).)
4. The assumptions used regarding escalation In decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

374,905 587,145 264,297 Guaranteed Rate Fund 329,779 Additional Fund 594,076 None Inflation Guaranteed fund rate of return Additional fund rate of return 0.0%

7.422% through September 2016, 0.80% thereafter 0.80%

No No No 0

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 City of Bushnell Crystal River Nuclear Generating Plant 0.0388% Ownership Unit #3 1a. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 11129(2011 pursuant to 10 CFR 50.75 (f) (3).

2. The amount accumulated at the end of the calendar year preceding the date of the report for Items included in 10 CFR 50.75 (b) and (c). (Aitematively, the totai amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for Items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items In 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required In 10 CFR 50.75 (b) and (c) If the cover letter transmitting the report provides a total cost estimate and Indicates what portion of that estimate is for items that are not Included In 10 CFR 50.75 (b) and (c).)
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used In funding projections.
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

186,731 292,442 131,640 Guaranteed Rate Fund 162,790 Additional Fund 294,430 None inflation 0.0%

Guaranteed fund rate of return 7.422% through September 2016, 0.80% thereafter Additional fund rate of return 0.80%

No No No 1

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 City of Gainesville Crystal River Nuclear Generating Plant 1.4079% Ownership Unit #3 la. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

1 b. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 11/29/2011 pursuant to 10 CFR 50.75 (f) (3).

2. The amount accumulated at the end of the calendar year preceding the date of the report for items Included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items In 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and Indicates what portion of that estimate is for items that are not Included In 10 CFR 50.75 (b) and (c).)
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used In funding projections.
5. Any contracts upon which the licensee Is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

6,775,720 10,611,582 4,776,687 Guaranteed Rate Fund 5,659,814 Additional Fund 10,436,501 None Inflation Guaranteed fund rate of return Additional fund rate of return 0.0%

7.422% through September 2016,0.80% thereafter 0.80%

No No No 2

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 City of Kissimee Crystal River Nuclear Generating Plant 0.6754% Ownership Unit #3 la. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

l b. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 11129/2011 pursuant to 10 CFR 50.75 (f) (3).

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here If the cover letter transmitting the report provides the total estimate and Indicates what portion of that estimate is for items not Included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items In 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and Indicates what portion of that estimate is for items that are not included In 10 CFR 50.75 (b) and (c).)
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used In funding projections.
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a lIcensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

3,250,459 5,090,604 2,291,480 Guaranteed Rate Fund 3,366,843 Additional Fund 5,658,323 None inflation Guaranteed fund rate of return Additional fund rate of return 0.0%

7.422% through September 2016, 0.80% thereafter 0.80%

No No No 3

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 City of Leesburg Crystal River Nuclear Generating Plant 0.8244% Ownership Unit #3 la, The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

lb, The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 11/29/2011 pursuant to 10 CFR 50.75 (f) (3).

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Altematively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here If the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate Is for items not Included In 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items In 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can Include items beyond those required In 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and Indicates what portion of that estimate is for items that are not included In 10 CFR 50.75 (b) and (c).)
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

3,967.543 6,213,643 2,797,003 Guaranteed Rate Fund 3,333,205 Additional Fund 6,130,208 Nonle Inflation Guaranteed fund rate of return Additional fund rate of return No No 0.0%

7.422% through September 2016, 0.80% thereafter 0.80%

No 4

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 City of New Smyrna Beach Crystal River Nuclear Generating Plant 0.5608% Ownership Unit #3 la. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

2,698,930 lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 11/29/2011 pursuant to 10 CFR 50.75 (f) (3).

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

4,226,845 4,116,738 None inflation 3.45%

rate of return 0.10%

No No No

7. Any material changes to trust agreements.

5 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 City of Ocala Crystal River Nuclear Generating Plant 1.3333% Ownership Unit #3 1a. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 11/29/2011 pursuant to 10 CFR 50.75 (f) (3).

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for Items not Included In 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for Items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can Include items beyond those required In 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included In 10 CFR 50.75 (b) and (c).)
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used In funding projections.
5. Any contracts upon which the licensee Is relying pursuant to 10 CFR 50.75(eX1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

6,416,697 10,049,309 4,523,586 Guaranteed Rate Fund 5,349,835 Additional Fund 9,873,421 None Inflation 0.0%

Guaranteed fund rate of return 7.422% through September 2016, 0.80% thereafter Additional fund rate of return 0.80%

No No No

7. Any material changes to trust agreements.

6 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Orlando Utilities Commission Crystal River Nuclear Generating Plant 1.6015% Ownership Unit #3 la. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 11/29/2011 pursuant to 10 CFR 50.75 (f) (3).

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

7,707,448 12,070,778 13,213,636 None inflation rate of return rate of return rate of return 2.97%

1.25%

2.00%

3.75%

in 2013 in 2014 thereafter No No No

7. Any material changes to trust agreements.

7 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Seminole Electric Cooperative, Inc.

Crystal River Nuclear Generating Plant 1.6994% Ownership Unit #3 la. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

8,178,605 lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 11/29/2011 pursuant to 10 CFR 50.75 (f) (3).

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1 )(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

12,808,667 11,674,640 None inflation 2.38%

rate of return 3.99%

No No No

7. Any material changes to trust agreements.
Retrieved from "https://kanterella.com/w/index.php?title=RA-13-006,_Biennial_Decommissioning_Financial_Assurance_Report&oldid=5239766"