RA-15-0010, Submits Required Biennial Decommissioning Financial Assurance Reports

Submits Required Biennial Decommissioning Financial Assurance Reports

ML15089A381
Person / Time
Site:	Oconee, Mcguire, Catawba, Harris, Brunswick, Robinson, McGuire
Issue date:	03/30/2015
From:	Repko R Duke Energy Carolinas, Duke Energy Progress
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
RA-15-0010
Download: ML15089A381 (26)

Text

Regis T. Repko 526 S. Church Street Charlotte, NC 28202 Mailing Address:

EC07H / P.O. Box 1006 Charlotte, NC 28202 704.382.4126 Regis.Repko@duke-energy.com 10 CFR 50.75(f)(1) 10 CFR 50.4 Serial: RA-15-0010 March 30, 2015 U.S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, D.C. 20555-001 H.B. ROBINSON STEAM ELECTRIC PLANT, UNIT 2, DOCKET NO. 50-261 BRUNSWICK STEAM ELECTRIC PLANT, UNITS 1 AND 2, DOCKET NOS. 50-325, 50-324 SHEARON HARRIS NUCLEAR POWER PLANT, UNIT 1, DOCKET NO. 50-400 CATAWBA NUCLEAR STATION, UNITS 1 AND 2, DOCKET NOS. 50-413, 50-414 MCGUIRE NUCLEAR STATION, UNITS 1 AND 2, DOCKET NOS. 50-369, 50-370 OCONEE NUCLEAR STATION, UNITS 1, 2 AND 3, DOCKET NOS. 50-269, 50-270, 50-287

SUBJECT:

BIENNIAL DECOMMISSIONING FINANCIAL ASSURANCE REPORTS Ladies and Gentlemen:

Pursuant to 10 CFR 50.75(f)(1), Duke Energy Progress and Duke Energy Carolinas submit the required Decommissioning Financial Assurance reports for H.B. Robinson Steam Electric Plant, Unit 2; Brunswick Steam Electric Plant, Units 1 and 2; Shearon Harris Nuclear Power Plant, Unit 1; Catawba Nuclear Station, Units 1 and 2; McGuire Nuclear Station, Units 1 and 2; and Oconee Nuclear Station, Units 1, 2 and 3. Enclosed are the required reports. 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.

U.S. Nuclear Regulatory Commission March 30, 2015 Page 2 The adjustment factors for labor rates and energy costs used in Item ( 1) for the calculation in 1 0 CFR 50.75(c)(2) are determined using the December 2014 indices from the U.S. Department of Labor, Bureau of Labor Statistics. The adjustment factor for the cost of low-level waste burial charges used in Item ( 1) for the calculation in 10 CFR 50. 75( c)(2) is determined using NUREG-1307, Revision 15 which is consistent with the intent of Regulatory Issue Summary 2014-12, "Decommissioning Fund Status Report Calculations - Update to Low-Level Waste Burial Charge Information."

As a convenience to the NRC, the biennial Financial Assurance reports from each co-owner for funding the decommissioning of Catawba Nuclear Station Units 1 and 2; Brunswick Steam Electric Plant, Units 1 and 2; and Shearon Harris Nuclear Power Plant, Unit 1 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.

There are no regulatory commitments associated with this letter. If you have additional questions, please contact Art Zaremba at (980) 373-2062.

4----

Regis T. Repko Senior Vice President Governance, Projects and Engineering

Enclosure:

NRC Decommissioning Funding Status Reports as of December 31, 2014

U.S. Nuclear Regulatory Commission March 30, 2015 Page 3 xc (with enclosure):

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 J. R. Hall, NRR Project Manager (ONS)

U.S. Nuclear Regulatory Commission 11555 Rockville Pike Mail Stop 8 G9A Rockville, MD 20852-2738 G. E. Miller, NRR Project Manager (CNS & MNS)

U.S. Nuclear Regulatory Commission 11555 Rockville Pike Mail Stop 8 G9A Rockville, MD 20852-2738 M. C. Barillas, NRR Project Manager (SHNPP & HBRSEP, Unit 2)

U.S. Nuclear Regulatory Commission 11555 Rockville Pike Mail Stop 8 G9A Rockville, MD 20852-2738 A. L. Hon, NRR Project Manager (BSEP)

U.S. Nuclear Regulatory Commission 11555 Rockville Pike Mail Stop 8 G9A Rockville, MD 20852-2738 E. L. Crowe NRC Senior Resident Inspector Oconee Nuclear Station J. Zeiler NRC Senior Resident Inspector McGuire Nuclear Station G. A. Hutto NRC Senior Resident Inspector Catawba Nuclear Station M. P. Catts NRC Senior Resident Inspector Brunswick Steam Electric Plant, Unit Nos. 1 and 2

U.S. Nuclear Regulatory Commission March 30, 2015 Page 4 J. A. Hickey NRC Senior Resident Inspector H.B. Robinson Steam Electric Plant, Unit No. 2 J. D. Austin NRC Senior Resident Inspector Shearon Harris Nuclear Power Plant, Unit 1 S. E. Jenkins, Manager Radioactive & Infectious Waste Management SC Dept. of Health and Env. Control 2600 Bull St.

Columbia, SC 29201 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

U.S. Nuclear Regulatory Commission March 30, 2015 Page 5 bxc (with enclosure):

North Carolina Municipal Power Agency Number 1 P.O. Box 29513 Raleigh, NC 27626-0513 North Carolina Electric Membership Corporation Power Supply Division P.O. Box 27306 Raleigh, NC 27611-7306 Piedmont Municipal Power Agency 121 Village Drive Greer, SC 29651 ElectriCities of North Carolina, Inc.

P.O. Box 29513 Raleigh, NC 27626 Art Zaremba Chris Nolan Chris Wasik Jeff Robertson Cecil Fletcher Lee Grzeck Dave Corlett Richard Hightower Rounette Nader Tracey LeRoy Bill Murray (For BNP Licensing/Nuclear Record Files)

Cindy Hereford (For HNP Licensing/Nuclear Record Files)

Heidi Walters (For RNP Licensing/Nuclear Record Files)

Toni Pasour (For CNS Licensing/Nuclear Record Files)

Kay Crane (For MNS Licensing/Nuclear Record Files)

Judy Smith (For ONS Licensing/Nuclear Record Files)

ELL File: (Corporate)

ENCLOSURE NRC DECOMMISIONING FUNDING STATUS REPORTS AS OF DECEMBER 31, 2014

Robinson Unit 2

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

470,532,896

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 Qualified Non Qualified for items not included in 10 CFR 50.75 (b) and (c)). 1,2 504,250,342 20,700,251

3. A schedule of the annual amounts remaining to be collected; Year Qualified Non Qualified for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual 2015 5,184,369 1,290,302 amounts remaining to be collected can include items beyond those 2016 5,184,369 1,290,302 required in 10 CFR 50.75 (b) and (c) if the cover letter 2017 5,184,369 1,290,302 transmitting the report provides a total cost estimate and 2018 5,184,369 1,290,302 indicates what portion of that estimate is for items that are not 2019 5,184,369 1,290,302 included in 10 CFR 50.75 (b) and (c)). 2 2020 5,184,369 1,290,302 2021 5,184,369 1,290,302 2022 5,184,369 1,290,302 2023 5,184,369 1,290,302 2024 5,184,369 1,290,302 2025 5,184,369 1,290,302 2026 5,184,369 1,290,302 2027 5,184,369 1,290,302 2028 5,184,369 1,290,302 2029 5,184,369 1,290,302 2030 5,184,369 1,290,302 Total 82,949,911 20,644,828

4. The assumptions used regarding escalation in decommissioning 2.6% inflation cost, rates of earnings on decommissioning funds, and rates of 4.6% qualified rate of return other factors used in funding projections; 4.6% non-qualified rate of return

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

N/A

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

N/A

7. Any material changes to trust agreements.

N/A 1

2 The amounts reported are net of 2014 tax obligations.

The amounts accumulated and the annual amounts remaining to be collected, together with future earnings on such amounts, include funding for both estimated reactor and ISFSI decommissioning costs.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Duke Energy Progress, Inc.

Robinson Nuclear Station 100% Ownership Unit #2

Brunswick Unit 1

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

530,777,911

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 Qualified Non Qualified for items not included in 10 CFR 50.75 (b) and (c)). 1,2 322,719,177 43,703,768

3. A schedule of the annual amounts remaining to be collected; Year Qualified Non Qualified for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual 2015 2,692,338 1,970,979 amounts remaining to be collected can include items beyond those 2016 2,692,338 1,970,979 required in 10 CFR 50.75 (b) and (c) if the cover letter 2017 2,692,338 1,970,979 transmitting the report provides a total cost estimate and 2018 2,692,338 1,970,979 indicates what portion of that estimate is for items that are not 2019 2,692,338 1,970,979 included in 10 CFR 50.75 (b) and (c)).2 2020 2,692,338 1,970,979 2021 2,692,338 1,970,979 2022 2,692,338 1,970,979 2023 2,692,338 1,970,979 2024 2,692,338 1,970,979 2025 2,692,338 1,970,979 2026 2,692,338 1,970,979 2027 2,692,338 1,970,979 2028 2,692,338 1,970,979 2029 2,692,338 1,970,979 2030 2,692,338 1,970,979 2031 2,692,338 1,970,979 2032 2,692,338 1,970,979 2033 2,692,338 1,970,979 2034 2,692,338 1,970,979 2035 2,692,338 1,970,979 2036 2,692,338 1,970,979 Total 59,231,447 43,361,547

4. The assumptions used regarding escalation in decommissioning 2.6% inflation cost, rates of earnings on decommissioning funds, and rates of 4.6% qualified rate of return other factors used in funding projections; 4.6% non-qualified rate of return

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

N/A

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

N/A

7. Any material changes to trust agreements.

N/A 1

2 The amounts reported are net of 2014 tax obligations.

The amounts accumulated and the annual amounts remaining to be collected, together with future earnings on such amounts, include funding for both estimated reactor and ISFSI decommissioning costs.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Duke Energy Progress, Inc.

Brunswick Nuclear Station 81.67% Ownership Unit #1

Brunswick Unit 2

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

530,777,911

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 Qualified Non Qualified for items not included in 10 CFR 50.75 (b) and (c)). 1 374,164,369 32,871,925

3. A schedule of the annual amounts remaining to be collected; Year Qualified Non Qualified for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual 2015 162,121 1,553,792 amounts remaining to be collected can include items beyond those 2016 162,121 1,553,792 required in 10 CFR 50.75 (b) and (c) if the cover letter 2017 162,121 1,553,792 transmitting the report provides a total cost estimate and 2018 162,121 1,553,792 indicates what portion of that estimate is for items that are not 2019 162,121 1,553,792 included in 10 CFR 50.75 (b) and (c)).

2020 162,121 1,553,792 2021 162,121 1,553,792 2022 162,121 1,553,792 2023 162,121 1,553,792 2024 162,121 1,553,792 2025 162,121 1,553,792 2026 162,121 1,553,792 2027 162,121 1,553,792 2028 162,121 1,553,792 2029 162,121 1,553,792 2030 162,121 1,553,792 2031 162,121 1,553,792 2032 162,121 1,553,792 2033 162,121 1,553,792 2034 162,121 1,553,792 Total 3,242,421 31,075,838

4. The assumptions used regarding escalation in decommissioning 2.6% inflation cost, rates of earnings on decommissioning funds, and rates of 4.6% qualified rate of return other factors used in funding projections; 4.6% non-qualified rate of return

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

N/A

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

N/A

7. Any material changes to trust agreements.

N/A 1 The amounts reported are net of 2014 tax obligations.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Duke Energy Progress, Inc.

Brunswick Nuclear Station 81.67% Ownership Unit #2

Harris Unit 1

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

416,563,791

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 Qualified Non Qualified for items not included in 10 CFR 50.75 (b) and (c)). 1 360,820,369 41,312,521

3. A schedule of the annual amounts remaining to be collected; Year Qualified Non Qualified for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual 2015 1,460,727 amounts remaining to be collected can include items beyond those 2016 1,460,727 required in 10 CFR 50.75 (b) and (c) if the cover letter 2017 1,460,727 transmitting the report provides a total cost estimate and 2018 1,460,727 indicates what portion of that estimate is for items that are not 2019 1,460,727 included in 10 CFR 50.75 (b) and (c)).

2020 1,460,727 2021 1,460,727 2022 1,460,727 2023 1,460,727 2024 1,460,727 2025 1,460,727 2026 1,460,727 2027 1,460,727 2028 1,460,727 2029 1,460,727 2030 1,460,727 2031 1,460,727 2032 1,460,727 2033 1,460,727 2034 1,460,727 2035 1,460,727 2036 1,460,727 2037 1,460,727 2038 1,460,727 2039 1,460,727 2040 1,460,727 2041 1,460,727 2042 1,460,727 2043 1,460,727 2044 1,460,727 2045 1,460,727 2046 1,460,727 Total 46,743,260

4. The assumptions used regarding escalation in decommissioning 2.6% inflation cost, rates of earnings on decommissioning funds, and rates of 4.6% qualified rate of return other factors used in funding projections; 4.6% non-qualified rate of return

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

N/A

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

N/A

7. Any material changes to trust agreements.

N/A 1 The amounts reported are net of 2014 tax obligations.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Duke Energy Progress, Inc.

Harris Nuclear Station 83.83% Ownership Unit #1

Catawba Unit 1

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

99,480,556

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 Qualified Non Qualified for items not included in 10 CFR 50.75 (b) and (c)). 1 86,630,488 6,505,282

3. A schedule of the annual amounts remaining to be collected; Year Qualified Non Qualified for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual 2015 amounts remaining to be collected can include items beyond those 2016 required in 10 CFR 50.75 (b) and (c) if the cover letter 2017 transmitting the report provides a total cost estimate and 2018 indicates what portion of that estimate is for items that are not 2019 included in 10 CFR 50.75 (b) and (c)).

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 Total

4. The assumptions used regarding escalation in decommissioning 2.4% inflation cost, rates of earnings on decommissioning funds, and rates of 4.4% qualified rate of return other factors used in funding projections; 4.4% non-qualified rate of return

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

N/A

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

N/A

7. Any material changes to trust agreements.

N/A 1 The amounts reported are net of 2014 tax obligations.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Duke Energy Carolinas, LLC Catawba Nuclear Station 19.246% Ownership Unit #1

Catawba Unit 2

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

99,480,556

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 Qualified Non Qualified for items not included in 10 CFR 50.75 (b) and (c)). 1,2 73,342,896 18,973,211

3. A schedule of the annual amounts remaining to be collected; Year Qualified Non Qualified for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual 2015 amounts remaining to be collected can include items beyond those 2016 required in 10 CFR 50.75 (b) and (c) if the cover letter 2017 transmitting the report provides a total cost estimate and 2018 indicates what portion of that estimate is for items that are not 2019 included in 10 CFR 50.75 (b) and (c)).

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 Total

4. The assumptions used regarding escalation in decommissioning 2.4% inflation cost, rates of earnings on decommissioning funds, and rates of 4.4% qualified rate of return other factors used in funding projections; 4.4% non-qualified rate of return

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

N/A

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

N/A

7. Any material changes to trust agreements.

N/A 1

2 The amounts reported are net of 2014 tax obligations.

The amounts accumulated, together with future earnings on such amounts, include funding for both estimated reactor and ISFSI decommissioning costs.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Duke Energy Carolinas, LLC Catawba Nuclear Station 19.246% Ownership Unit #2

McGuire Unit 1

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

516,889,516

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 Qualified Non Qualified for items not included in 10 CFR 50.75 (b) and (c)). 1 462,713,604 1,401,679

3. A schedule of the annual amounts remaining to be collected; Year Qualified Non Qualified for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual 2015 amounts remaining to be collected can include items beyond those 2016 required in 10 CFR 50.75 (b) and (c) if the cover letter 2017 transmitting the report provides a total cost estimate and 2018 indicates what portion of that estimate is for items that are not 2019 included in 10 CFR 50.75 (b) and (c)).

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 Total

4. The assumptions used regarding escalation in decommissioning 2.4% inflation cost, rates of earnings on decommissioning funds, and rates of 4.4% qualified rate of return other factors used in funding projections; 4.4% non-qualified rate of return

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

N/A

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

N/A

7. Any material changes to trust agreements.

N/A 1 The amounts reported are net of 2014 tax obligations.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Duke Energy Carolinas, LLC McGuire Nuclear Station 100% Ownership Unit #1

McGuire Unit 2

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

516,889,516

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 Qualified Non Qualified for items not included in 10 CFR 50.75 (b) and (c)). 1,2 508,168,021

3. A schedule of the annual amounts remaining to be collected; Year Qualified Non Qualified for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual 2015 amounts remaining to be collected can include items beyond those 2016 required in 10 CFR 50.75 (b) and (c) if the cover letter 2017 transmitting the report provides a total cost estimate and 2018 indicates what portion of that estimate is for items that are not 2019 included in 10 CFR 50.75 (b) and (c)).

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 Total

4. The assumptions used regarding escalation in decommissioning 2.4% inflation cost, rates of earnings on decommissioning funds, and rates of 4.4% qualified rate of return other factors used in funding projections; 4.4% non-qualified rate of return

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

N/A

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

N/A

7. Any material changes to trust agreements.

N/A 1

2 The amounts reported are net of 2014 tax obligations.

The amounts accumulated, together with future earnings on such amounts, include funding for both estimated reactor and ISFSI decommissioning costs.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Duke Energy Carolinas, LLC McGuire Nuclear Station 100% Ownership Unit #2

Oconee Unit 1

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

480,453,236

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 Qualified Non Qualified for items not included in 10 CFR 50.75 (b) and (c)). 1 363,685,460 19,372,134

3. A schedule of the annual amounts remaining to be collected; Year Qualified Non Qualified for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual 2015 amounts remaining to be collected can include items beyond those 2016 required in 10 CFR 50.75 (b) and (c) if the cover letter 2017 transmitting the report provides a total cost estimate and 2018 indicates what portion of that estimate is for items that are not 2019 included in 10 CFR 50.75 (b) and (c)).

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Total

4. The assumptions used regarding escalation in decommissioning 2.4% inflation cost, rates of earnings on decommissioning funds, and rates of 4.4% qualified rate of return other factors used in funding projections; 4.4% non-qualified rate of return

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

N/A

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

N/A

7. Any material changes to trust agreements.

N/A 1 The amounts reported are net of 2014 tax obligations.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Duke Energy Carolinas, LLC Oconee Nuclear Station 100% Ownership Unit #1

Oconee Unit 2

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

480,453,236

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 Qualified Non Qualified for items not included in 10 CFR 50.75 (b) and (c)). 1 365,487,939 15,627,442

3. A schedule of the annual amounts remaining to be collected; Year Qualified Non Qualified for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual 2015 amounts remaining to be collected can include items beyond those 2016 required in 10 CFR 50.75 (b) and (c) if the cover letter 2017 transmitting the report provides a total cost estimate and 2018 indicates what portion of that estimate is for items that are not 2019 included in 10 CFR 50.75 (b) and (c)).

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Total

4. The assumptions used regarding escalation in decommissioning 2.4% inflation cost, rates of earnings on decommissioning funds, and rates of 4.4% qualified rate of return other factors used in funding projections; 4.4% non-qualified rate of return

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

N/A

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

N/A

7. Any material changes to trust agreements.

N/A 1 The amounts reported are net of 2014 tax obligations.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Duke Energy Carolinas, LLC Oconee Nuclear Station 100% Ownership Unit #2

Oconee Unit 3

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

480,453,236

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 Qualified Non Qualified for items not included in 10 CFR 50.75 (b) and (c)). 1,2 496,688,524 4,430,539

3. A schedule of the annual amounts remaining to be collected; Year Qualified Non Qualified for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual 2015 amounts remaining to be collected can include items beyond those 2016 required in 10 CFR 50.75 (b) and (c) if the cover letter 2017 transmitting the report provides a total cost estimate and 2018 indicates what portion of that estimate is for items that are not 2019 included in 10 CFR 50.75 (b) and (c)).

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Total

4. The assumptions used regarding escalation in decommissioning 2.4% inflation cost, rates of earnings on decommissioning funds, and rates of 4.4% qualified rate of return other factors used in funding projections; 4.4% non-qualified rate of return

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

N/A

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

N/A

7. Any material changes to trust agreements.

N/A 1

2 The amounts reported are net of 2014 tax obligations.

The amounts accumulated, together with future earnings on such amounts, include funding for both estimated reactor and ISFSI decommissioning costs.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Duke Energy Carolinas, LLC Oconee Nuclear Station 100% Ownership Unit #3

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

119,127,698

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).) 1,2 97,491,420

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).) 2 Year Amount 2015 700,000 2016 1,400,000 2017 1,400,000 2018 1,400,000 2019 1,400,000 2020 1,400,000 2021 1,400,000 2022 1,400,000 2023 1,400,000 2024 1,400,000 2025 1,400,000 2026 1,400,000 2027 1,400,000 2028 1,400,000 2029 1,400,000 2030 1,400,000 2031 1,400,000 2032 1,400,000 2033 1,400,000 2034 1,400,000 2035 1,400,000 2036

• 1,050,000 Total 29,750,000

1. of years to collect 22

• 2036 = 9 months of payments

4. The assumptions used regarding escalation in decommissioning 4.0%

Escalation cost, rates of earnings on decommissioning funds, and rates of 4.3%

Rate of return other factors used in funding projections;

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

None

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

None

7. Any material changes to trust agreements.

None 1

2 The owner is tax exempt; therefore, the amounts reported are net of tax.

The amounts accumulated and the annual amounts remaining to be collected, together with future earnings on such amounts, include funding for both estimated reactor and ISFSI decommissioning costs.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 North Carolina Eastern Municipal Power Agency Brunswick Nuclear Station 18.33% Ownership Unit #1

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

119,127,698

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).) 1 105,810,674

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).)

Year Amount 2015 600,000 2016 850,000 2017 850,000 2018 850,000 2019 850,000 2020 850,000 2021 850,000 2022 850,000 2023 850,000 2024 850,000 2025 850,000 2026 850,000 2027 850,000 2028 850,000 2029 850,000 2030 850,000 2031 850,000 2032 850,000 2033 850,000 2034 850,000 Total 16,750,000

1. of years to collect 20

4. The assumptions used regarding escalation in decommissioning 4.0%

Escalation cost, rates of earnings on decommissioning funds, and rates of 4.3%

Rate of return other factors used in funding projections;

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

None

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

None

7. Any material changes to trust agreements.

None 1 The owner is tax exempt; therefore, the amounts reported are net of tax.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 North Carolina Eastern Municipal Power Agency Brunswick Nuclear Station 18.33% Ownership Unit #2

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

80,351,145

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).) 1 53,222,640

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).)

Year Amount 2015 890,000 2016 1,365,000 2017 1,365,000 2018 1,365,000 2019 1,365,000 2020 1,365,000 2021 1,365,000 2022 1,365,000 2023 1,365,000 2024 1,365,000 2025 1,365,000 2026 1,365,000 2027 1,365,000 2028 1,365,000 2029 1,365,000 2030 1,365,000 2031 1,365,000 2032 1,365,000 2033 1,365,000 2034 1,365,000 2035 1,365,000 2036 1,365,000 2037 1,365,000 2038 1,365,000 2039 1,365,000 2040 1,365,000 2041 1,365,000 2042 1,365,000 2043 1,365,000 2044

• 341,250 2045 2046 Total 39,451,250

1. of years to collect 30

• 2044 = 3 months of payments

4. The assumptions used regarding escalation in decommissioning 4.0%

Escalation cost, rates of earnings on decommissioning funds, and rates of 4.3%

Rate of return other factors used in funding projections;

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

None

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

None

7. Any material changes to trust agreements.

None 1 The owner is tax exempt; therefore, the amounts reported are net of tax.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 North Carolina Eastern Municipal Power Agency Harris Nuclear Station 16.17% Ownership Unit #1

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

158,964,202

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). 1 94,800,097

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).)

Year Amount 2015 1,528,486 2016 1,517,360 2017 1,465,474 2018 1,542,341 2019 1,495,890 2020 1,449,899 2021 1,404,409 2022 1,359,463 2023 1,315,108 2024 1,271,392 2025 1,228,368 2026 1,186,091 2027 1,144,620 2028 1,104,017 2029 1,064,350 2030 1,025,688 2031 988,107 2032 951,686 2033 916,508 2034 882,664 2035 850,249 2036 819,361 2037 790,109 2038 762,603 2039 736,965 2040 713,321 2041 691,804 2042 672,556 2043 Total 30,878,889

4. The assumptions used regarding escalation in decommissioning inflation -

2.40 %

cost, rates of earnings on decommissioning funds, and rates of rate of return -

4.40 %

other factors used in funding projections;

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

None

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

None

7. Any material changes to trust agreements.

None 1 The owner is tax exempt; therefore, the amounts reported are net of tax.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 North Carolina Electric Membership Corporation Catawba Nuclear Station 30.754% Ownership Unit #1

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

158,964,202

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)). 1,2 95,944,565

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).) 2 Year Amount 2015 1,546,938 2016 1,535,678 2017 1,483,166 2018 1,560,961 2019 1,513,949 2020 1,467,403 2021 1,421,363 2022 1,375,875 2023 1,330,984 2024 1,286,741 2025 1,243,197 2026 1,200,410 2027 1,158,438 2028 1,117,346 2029 1,077,199 2030 1,038,071 2031 1,000,036 2032 963,175 2033 927,573 2034 893,320 2035 860,513 2036 829,253 2037 799,647 2038 771,810 2039 745,862 2040 721,932 2041 700,156 2042 680,675 2043 Total 31,251,671

4. The assumptions used regarding escalation in decommissioning inflation -

2.40 %

cost, rates of earnings on decommissioning funds, and rates of rate of return -

4.40 %

other factors used in funding projections;

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

None

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

None

7. Any material changes to trust agreements.

None 1

2 The owner is tax exempt; therefore, the amounts reported are net of tax.

The amount accumulated and the annual amounts remaining to be collected, together with future earnings on such amounts, include funding for both estimated reactor and ISFSI decommissioning costs.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 North Carolina Electric Membership Corporation Catawba Nuclear Station 30.754% Ownership Unit #2

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

193,833,569

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). 1

$156,477,561

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).)

Year Amount 2015 750,000 2016 2,550,000 2017 2,550,000 2018 2,550,000 2019 2,550,000 2020 2,550,000 2021 2,550,000 2022 2,550,000 2023 2,550,000 2024 2,550,000 2025 2,550,000 2026 2,550,000 2027 2,550,000 2028 2,550,000 2029 2,550,000 2030 2,550,000 2031 2,550,000 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 Total 41,550,000 17

• 2032 is the last year of the current Participant Project Power Sales Agreement.

4. The assumptions used regarding escalation in decommissioning inflation -

4.00 %

cost, rates of earnings on decommissioning funds, and rates of rate of return -

4.30 %

other factors used in funding projections;

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

None

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

None

7. Any material changes to trust agreements.

None 1

1. of years to collect The owner is tax exempt; therefore, the amounts reported are net of tax.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 North Carolina Municipal Power Agency 1 Catawba Nuclear Station 37.5% Ownership Unit #1

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

193,833,569

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)). 1,2

$151,307,851

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).) 2 Year Amount 2015 1,250,000 2016 3,250,000 2017 3,250,000 2018 3,250,000 2019 3,250,000 2020 3,250,000 2021 3,250,000 2022 3,250,000 2023 3,250,000 2024 3,250,000 2025 3,250,000 2026 3,250,000 2027 3,250,000 2028 3,250,000 2029 3,250,000 2030 3,250,000 2031 3,250,000 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 Total 53,250,000

1. of years to collect 17

• 2032 is the last year of the current Participant Project Power Sales Agreement.

4. The assumptions used regarding escalation in decommissioning inflation -

4.00 %

cost, rates of earnings on decommissioning funds, and rates of rate of return -

4.30 %

other factors used in funding projections;

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

None

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

None

7. Any material changes to trust agreements.

None 1

2 The owner is tax exempt; therefore, the amounts reported are net of tax.

The amount accumulated and the annual amounts remaining to be collected, together with future earnings on such amounts, include funding for both estimated reactor and ISFSI decommissioning costs.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 North Carolina Municipal Power Agency 1 Catawba Nuclear Station 37.5% Ownership Unit #2

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

64,611,190

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). 1 30,921,734

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).)

Year Amount 2015

$460,442 2016

$460,442 2017

$460,442 2018

$460,442 2019

$460,442 2020

$460,442 2021

$460,442 2022

$460,442 2023

$460,442 2024

$460,442 2025

$460,442 2026

$460,442 2027

$460,442 2028

$460,442 2029

$460,442 2030

$460,442 2031

$460,442 2032

$460,442 2033

$460,442 2034

$460,442 2035

$460,442 2036

$18,489,663 2037

$460,442 2038

$460,442 2039

$460,442 2040

$460,442 2041

$460,442 2042

$460,442 2043

$460,442 Total 31,382,052

4. The assumptions used regarding escalation in decommissioning inflation -

4.0 cost, rates of earnings on decommissioning funds, and rates of rate of return -

5.5 other factors used in funding projections;

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

No

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

No

7. Any material changes to trust agreements.

Yes The Trustee in the Piedmont Municipal Power Agency Trust Agreement was amended from Deutsche Bank Trust Company Americas to Wells Fargo Institutional Retirement and Trust.

1 The owner is tax exempt; therefore, the amounts reported are net of tax.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Piedmont Municipal Power Agency Catawba Nuclear Station 12.5% Ownership Unit #1

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

64,611,190

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)). 1,2 32,169,632

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).) 2 Year Amount 2015

$375,551 2016

$375,551 2017

$375,551 2018

$375,551 2019

$375,551 2020

$375,551 2021

$375,551 2022

$375,551 2023

$375,551 2024

$375,551 2025

$375,551 2026

$375,551 2027

$375,551 2028

$375,551 2029

$375,551 2030

$375,551 2031

$375,551 2032

$375,551 2033

$375,551 2034

$375,551 2035

$375,551 2036

$18,404,772 2037

$375,551 2038

$375,551 2039

$375,551 2040

$375,551 2041

$375,551 2042

$375,551 2043

$375,551 Total 28,920,211

4. The assumptions used regarding escalation in decommissioning inflation -

4.0 cost, rates of earnings on decommissioning funds, and rates of rate of return -

5.5 other factors used in funding projections;

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

No

6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.

No

7. Any material changes to trust agreements.

Yes The Trustee in the Piedmont Municipal Power Agency Trust Agreement was amended from Deutsche Bank Trust Company Americas to Wells Fargo Institutional Retirement and Trust.

1 2

The owner is tax exempt; therefore, the amounts reported are net of tax.

The amount accumulated and the annual amounts remaining to be collected, together with future earnings on such amounts, include funding for both estimated reactor and ISFSI decommissioning costs.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2014 Piedmont Municipal Power Agency Catawba Nuclear Station 12.5% Ownership Unit #2