ULNRC-03998, Forwards Required Financial Info Re Decommissioning Callaway Nuclear Plant,Per 10CFR50.75

Forwards Required Financial Info Re Decommissioning Callaway Nuclear Plant,Per 10CFR50.75

ML20205G788
Person / Time
Site:	Callaway
Issue date:	03/30/1999
From:	Passwater A UNION ELECTRIC CO.
To:	NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
ULNRC-03998, ULNRC-3998, NUDOCS 9904070380
Download: ML20205G788 (3)

Text

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, i union f/:ctric One Anieren Plaza 1901 Chouteau Avenue 4 3 PU Box 66149 St. touis, MO 63166-6149 314421.3222 March 30,1999 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Mail Station P1-137 Washington, D. C. 20555-0001 ULNRC-03998 WAmeten Gentlemen:

DOCKET NUMBER 50-483 CALLAWAY PLANT NUC'. EAR DECOMMISSIONING PLANNING In accordance with established federal nuclear decommissioning planning reporting requirements (10 CFR 50.75, Reporting and Recordkeeping for Decommissioning Planning), the Attachment to this letter provides a decommissioning report (as required by 10 CFR 50.75(f)(1)), and other required financialinformation associated with decommissioning the Callaway Nuclear Plant.

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Very truly yours, 48C&

Alan C. Passwater 4

Manager-Corporate Nuclear Services

1. 1 DJW/KKH/hdh Attachment l'I 9904070380 990330 PDR ADOCK 050004 3 e subsidiary of Amoren Corporation

4 Attachm:nt to ULNRC-03998 l

I NRC Decommissioning Funding Status Report  !

l As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the N~RC on a calendar year basis, beginning on March 31,1999, and every 2 years )

thereafter, on the status ofits decommissioning funding for each reactor or share of l reactor it owns. Although any reporting format is acceptable, the reporting format below describes the minimum amount ofinformation that can be provided:

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

(c)': $488,066,712 l

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): $145,647,531 (after-tax liquidation value of the trust).

3. A schedule of the annual amounts remaining to be collected for items in 10 CFR l 50.75 (b) and (c): $6,841,411 annually for the remainder of the operating license (24 l years,9 months). This amount is current as of March 31,1999.

l 4. The assumptions used regarding escalation in decommissioning cost, rates of earnings

( on decommissioning funds, and rates of other factors used in funding projections:

l 4.00% annual escalation of decommissioning cost,8.78% pre-tax and fee nominal I i

annual return (average over life of fund), and 24.53% effective federal and state l composite income tax rate, j l

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75 (e)(1)(v): I none i

6. Any modifications to a licensee's current method providing fmancial assurance occurring since the last submitted report: none

7. Any material changes to trust agreements: none

{ I

' The NRC formulas in section 10 CFR 50.75 (t) include only those decommissioning costs incurred by licensees to remot : a facihty or site safely from service and reduce residual radioactivity to levels that permit: (1) release of the property for unrestricted use and termination of the license; or (2) release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological systems and structures is not included in the NRC decommissioning cost estimates. The costs of managing and : storing spent fuel on site imtil transfer to DOE are not included in the cost formulas.

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_L e , l k

e-cc:

-M. H. Fletcher 1 Professional Nuclear Consulting, Inc.

19041 Raines Drive.

Derwood, MD 20855-2432 Regional Administrator U.S. Nuclear Regulatory Commission Region IV 611 Ryan Plaza Drive Suite 400 Arlington, TX 76011-8064 )

Senior Resident Inspector Callaway Resident Office I J

U.S. Nuclear Regulatory Commission i 8201 NRC Road Steedman, MO 65077 l

Mr. Mel Gray (2)  !

Office oi Nuclear Reactor Regulation i U.S. Nuclear Regulatory Commission .

1 White Flint, North, Mail Stop 13E16 [

11555 Rockville Pike Rockville, MD 20852-2738 Manager, Electric Department Missouri Public Service Commission P.O. Box 360 Jefferson City, MO 65102