View source for PY-CEI-NRR-2377, Submits Decommissioning Repts for Bvps,Units 1 & 2,Davis- Besse Nuclear Power Station,Unit 1 & Perry Nuclear Power Plant,Unit 1,per 10CFR50.75(f)(1)

{{Adams
| number = ML20205E081
| issue date = 03/29/1999
| title = Submits Decommissioning Repts for Bvps,Units 1 & 2,Davis- Besse Nuclear Power Station,Unit 1 & Perry Nuclear Power Plant,Unit 1,per 10CFR50.75(f)(1)
| author name = Stetz J
| author affiliation = CENTERIOR ENERGY
| addressee name = 
| addressee affiliation = NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
| docket = 05000334, 05000346, 05000412, 05000440
| license number = 
| contact person = 
| document report number = 2596, PY-CEI-NRR-2377, NUDOCS 9904050046
| document type = CORRESPONDENCE-LETTERS, INCOMING CORRESPONDENCE
| page count = 21
}}

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FENOD'~                                                                                                     76 South Main Street FestEnergy Nuclear perating Company l
Mn P. Sw                                                                                                            330 334 5g7g Prasident                                                                                                      p;ve 330 334 5ggg March 29,1999 CERTIFIED ~ MAIL - P 377 561842 Return Receipt Requested Control Number: PY-CEl/NRR-2377L                                                                                                ,
SerialNumber: 2596                                                                                                             ?
United States Nuclear Regulatory Commission Document Control Desk                                                                                                          l Washington, D.C. 20555                                                                                                         I Beaver Valley Nuclear Power Station, Unit 1                                                                                    1 i
Docket No. 50-334 Beaver Valley Nuclear Power Station, Unit 2 Docket No. 50-412 Davis-Besse Nuclear Power Station, Unit 1 Docket No. 50-346 Perry Nuclear Power Plant, Unit 1 Docket No. 50-440 Ladies and Gentlemen:
RE: Decommissioning Reports for the Beaver Valley Nuclear Power Station, Units 1 and 2; Davis-Besse Nuclear Power Station, Unit 1; and Perry Nuclear Power Plant, Unit 1 Pursuant to 10 CFR 50.75(f)(1), FirstEnergy Corporation is hereby submitting the Decommissioning Reports for the Beaver Valley Nuclear Power Station, Units 1 and 2; Davis-Besse Nuclear Power Station, Unit 1; and Perry Nuclear Power Plant, Unit 1. Attachments 1 through 4 contain the respective Decommissioning                     fj Reports for the four facilities.                                                                                             I If you have questions or require additional'information, please contact Mr. Joseph M. Marulli, Director of Financial Services, at (330) 384-5287.
Very truly yours,                                                    9\
John Stetz l                                  p.]QO g                  President Attachments                       ~
9904050046 990329 PDR       ADOCK 05000334 I                             PDR _

cc: NRC RegionI Administrator NRC Region III Administrator NRC Resident Inspector for Davis-Besse Nuclear Power Station NRC Resident Inspector for Beaver Valley Nuclear Power Station NRC Resident Inspector for Perry Nuclear Power Plant NRR Project Manager for Davis-Besse Nuclear Power Station NRR Project Manager for Beaver Valley Nuclear Power Station NRR Project Manager for Perry Nuclear Power Plant Robert S. Wood, NRR-Generic Issues and Environmental Projects Branch James Emley - Perry Nuclear Power Plant James Freels, Manager - Davis-Besse Nuclear Power Station Ralph Duckworth - Beaver Valley Nuclear Power Station T, C. Navin (w/o attachments)
R. Scilla (w/o attachments)                                                      l E. J. Sitarz (w/o attachments) 1 1
l l

j I
NRC Decommissioning Funding Status Report Davis-Besse Nuclear Power Station, Unit 1
                                                                                                              ]
As of December 31,1998 (Note: This report reflects FirstEnergy Corporation's consolidated share of ownership               j interest in Davis-Besse Nuclear Power Station, Unit 1).                                             )i
: 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c) (see Schedule 1):
Cleveland Electric Illuminating Company       139,059,339 Toledo Edison Company                          131.589.433
                                                                                              $270.648.772 l
: 2. The amount accumulated in external trust funds at December 31,1998:
Cleveland Electric Illuminating Company        68,118,622   }'
Toledo Edison Company                           64.915.926
                                                                                              $133.034.548
: 3. A schedule of the annual amounts over the number of years remaining to be collected from         j ratepayers is attached as Schedule 2.                                                           1
: 4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on          j decommissioning funds, and rates of other factors used in funding projections:                 q Consolidated Ownership Interest in Unit             100 %           j Funds Earnings Rate Through Dismantlement           5.857 %
Decommissioning Cost Inflation Rate                 3.857 %
Year of License Termination                         2017 Year of Final Dismantlement                         2024
: 5. There are no contracts upon which FirstEnergy Corporation is relying pursuant to 10 CFR             ,
I 50.75(e)(1)(v).
: 6. There are no modifications to FirstEnergy Corporation's current method of providing financial    ;
assurance since the last submitted report.                                                     3 i
: 7. Copies of each respective trust agreement are on file with FirstEnergy Corporation and are available upon request.
i i
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l a

r= . ,   .
           ,       ,                                                                                 Schedule 1
                                                                            ,                       Pa9e 1 cf 2
                     ,      , CLEVELAND ELECTRIC ILLUMINATING COMPANY Calculation of Minimum Financial Assurance Amount
                       ,                       for December 1998 l
DAVIS-BESSE NUCLEAR POWER STATION Ohio Regions                                                                                               l Labor (L) = Midwest Energy (E) = National Waste Burial (B) = South Carolina I
Adjustment                            Escalation Factor           Ratio               Factor l
L=             1.590            0.65                1.034 E=            0.850             0.13                0.1 *
* l B=            7.173             0.22                1.578                  l PWR Escalation Factor =                                                            2.723 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2,772)
($75 + 0.0088(2,772)) million =                                                 $9fe,393,600 Escalated Amount for unit = 99,393,600 x 2.723 =                                             $270,648,773 i
Escalated Amount for Cleveland Electric illuminating Company's ownership interest (51,38 %) in the unit:
             $270,648,773     x      51.38 %             =         $139,059,339 for December 1998

m-- ,   ,
          ,      ,                                                                                   Schedule 1 Pags 2 of 2
                           ,            TOLEDO EDISON COMPANY Calculation of Minimum Financial Assurance Amount                                   !
                     ,                        for December 1998 DAVIS-BESSE NUCLEAR POWER STATION Ohio Regions Labor (L) = Midwest Energy (E) = National Waste Burial (B) = South Carolina For FWR Unit                                                                                               .
Adjustment                        Escalation Factor          Ratio             Factor L=             1.590            0.65              1.034 E=             0.850           0.13               0.111 8=             7.173            0.22              1.578 PWR Escalation Factor =                                                          2.723 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2,772)
($75 + 0.0088(2,772)) million =                                                  $99,393,600 Escalated Amount for unit = 99,393,600 x 2.723 =                                             $270,648,773 Escalated Amount for Toledo Edison Company's ownership interest (48.62 %) in the unit:
i"
            $270,648,773     x      48.62 %             =          $131,589,433 for December 1998 I
a i
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i

Schedule 2 Pag 31 cf 1 NRC Decommissioning Funding Status Rrport Schedule of Annual Amounts Remaining to be Collected r                '
FirstEnergy Corporation Davis Besse i
l Annual Amounts Collected Cleveland            Toledo         FirstEnergy Year         Electric            Edison        Consolidated 1999            6,526,236           6,224,772       12,751,008 2000            6,526,236           6,224,772       12,751,008 2001            6,526,236           6,224,772-      12,751,008 2002-           6,526,236          6,224,772        12,751,0C8 2003.           6,526,236           6,224,772       12,751,008 2004            6,526,236          6,224,772       .12,751,008 2005            6,526,236          6,224,772        12,751,008 2006            6,526,238          6,224,772        12,751,008-2007            6,526,236           6,224,772       12,751,008 2008            6,526,236           6,224,772       12,751,008 2009            6,526,236           6,224,772        12,751,008 2010           .6,526,236          6,224,772         12,751,008 2011            6,526,236          6,224,772        12,751,008 2012-           6,526,236          6,224,772         12,751,008 2013            6,526,236           6,224,772       12,751,008 2014            6,526,236           6,224,772       12,751,008 2015            6,526,236          6,224,772        12,751,008 2016            6,526,236          6,224,772        12,751,008 2017            2,175,412           2,074,924         4,250,336 2018                   -                  -                 -
2019                   -                   -                -
2020                   -                   -                -
2021                   -                   -                -
2022                     .                -                 -
2023                   -                   -                -
2024                   -                   -                -
Total         119,647,660        114,120,820       233,768,480 i
i
(

c.- .
NRC Dec:mmissiorirg Funding St:tus Report Perry Nuclear Power Plant Unit 1 As of December 31,1998 (Note: This report reflects FirstEnergy Corporation's consolidated share of ownership interest in Perry Nuclear Power Plant Unit 1).
: 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)(See Schedule 1):                                                                                    l Ohio Edison Company                                   $107,284,500  i Cleveland Electric Illuminating Company                 111,254,027 Toledo Edison Company                                    71,201,147 Pennsylvania Power Company                               18.739.026 3 FirstEnergy Consolidated                              $308.478.700
: 2. The amount accumulated in external trust fu.,ds at December 31,1998:
Ohio Edison Company                                   $ 36,782,203 Cleveland Electric Illur.inating Company                39,170,036 Toledo Edison Company                                   25,125,800 Per.nsylvania Power Company                               3.935.756 FirsOnergy Consolidated                               $105.013.795
: 3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers is attached as Schedule 2
: 4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decomraissioning funds, and rates of other factors used in funding projections:
Consolidated Ownership Interest in Unit                       86.26 %
Funds Earnings Rate Through Dismantlement                     5.766 %
Decommissioning Cost Inflation Rate                           3.76 %
Year of License Termination                                   2026 Year of Final Dismantlement                                   2034
: 5. There are no contracts upon which FirstEnergy Corporation is relying pursuant to 10 CFR 50.75(e)(1)(v).
: 6. Due to the passage of the Pennsylvania Electricity Generation Customer Choice and Competition Act, FirstEnergy Corporation's subsidiary, Pennsylvania Power Company, has accelerated the timing of the contributions to the external trust. The contributions pertaining to !Se Pennsylvania Public Utility Commission will be collected from ratepayers through 2005, while contributions pertaining to FERC will be co!'ected through March 2026.
: 7. Copies of each respective trust agreement are on file with FirstEnergy Corporation and are e
available upon request.

Ir      -
l Schedule 1 Pag)1 of 4 OHIO EDISON COMPANY l
l                                                                                                              l l
                     ,              Calculation of Minimum Financial Assurance Amount                          j for December 1998 PERRY NUCLEAR POWER PLANT UNIT ONE Ohie Regions Lcbor(L) = Midwest Energy (E) = National W:ste Burial (B) = South Carolina 1
For BWR Unit Adjustment                            Escalation Factor             Ratio             Factor L=             1.590               0/35             1.034 E=              0.630               0 13             0.082 B=              6.968               0.22             1.533 BWR Escalation Factor =                                                            2.649 Base Amount for BWR greater than 3400 MWt =                                        135,000,000 Escalated Amount for unit = 135,000,000 x 2.649 =                                              $357,615,000 Escal!.ted Amount for Ohio Edison Company'c ownership interest                                              4 (30 %) in the unit:
            $357,615,000 x       30%                =           $107,284,500   for December 1998 l
l

i Schedule 1   i Pag 3 2 of 4 CLEVELAND ELECTRIC ILLUMINATING COMPANY l
Calculation of Minimum Financial Assurance Amount                                       l for Decem> -1998 PERRY NUCLEAR POWER PLANT UNIT ONE Chio Regions Labor (L) = Midwest Energy (E) = National Waste Burial (B) = South Carolina j
For BWR Unit Adjustment                            Escalation Factor           Ratio                Factor L=             1.590             0.65                1.034 E=             0.630             0.13                0.082 B=             6.968             0.22                1.533 BWR Escalation Factor =                                                             2.649 B:se Amount for BWR greater than 3400 MWt =                                          135.000.000               i Escalated Amount for unit = 135,000,000 x 2.649 =                                                $357,615,000 Escalated Amount for Cleveland Electric illuminating Company's ownership interest (31.11 %) in the unit:
           $357,615,000 x        31.11 %             =        $111,254,027      for December 1998 i
1

r-                                                                                                                1
   ''   ~
          ,     ,                                                                                    Schedule 1 Pag 3 3 of 4 TOLEDO EDISON COMPANY Calculation of Minimum Financial Assurance Amount
                     .                        for December 1998 PERRY NUCLEAR POWER PLANT UNIT ONE Ohio Recions Labor (L) = Midwest Energy (E) = National W:ste Burial (B) = South Carolina                                                                           q l
For BWR Unit Adjustment                         Escalation Factor          Ratio              Factor L=             1.590            0.65              1.034 E=             0.630            0/13              0.082 B=             6.968            0.22              1.533 BWR Escalation Factor =                                                          2.649 Base Amount for BWR greater than 3400 MWt =                                       135,000,000 Esalated Amount for unit = 135,000,000 x 2.649 =                                              $357,615,000 Escalated Amount for Toledo Edison Company's ownership interest                                              1 (19.91 %) in the unit:
             $357,615,000 x        19.91 %             =           $71,201,147 for December 1998 l

[ ..     .
Schedule 1
(                                                                                                       Pag 3 4 of 4 PENNSYLVANIA POWER COMPANY Calculation of Minimum Financial Assurance Amount for December 1998 PERRY NUCLEAR POWER PLANT UNIT ONE Ohio Regions                                                                                                    ;
Labor (L) = Midwest                                                                                             ,
Energy (E) = National                                                                                           I W ste Burial (B) = South Carolina For BWR Unit Adjustment                           Escalation Factor            Ratio             Factor L=              1.590             0.65              1.034 E=              0.630             0.13              0.082 B=              6.968             0.22              1.533                       J I
BWR Escalation Factor =                                                             2.649                        l Base Amount for BWR greater than 3400 MWt =                                          135,000,000 Escalated Amount for unit = 135,000,000 x 2.649 =                                                $357,615,000 Escalated Amount for Penn Power Company's ownership interest (5.24 %) in the unit.
            $357,615,000 x         5.24 %               =
                                                                , $18,739,026    for December 1998

r l
l                                                                                          Schedule 2 Page 1 of 1 NRC Decommissioning Funding Status Report Schedule of Annual Amounts Remaining to be Collected                              '
FirstEnergy Corporation Perry 1 I
i Annual Amounts Collected                                            j l                        Ohio            Cleveland             Toledo      Pennsylvania     FirstEnergy      '!
Year       Edison            Electric             Edison         Power        Consolidated        I 1999         2,481,072          3,796,296           2,427,984        771,088         9,476,440     I 2000         2,481,072          3,796,296           2,427,984        771,088         9,476,440 l
2001          2,481,072          3,796,296           2,427,984        771,088         9,476,440 2002         2,481,072          3,796,296           2,427,984        771,088         9,476,440 2003         2,481,072          3,796,296           2,427,984        771,088         9,476,440     l 2004         2,481,072          3,796,296           2,427,984        771,088         9,476,440    i' 2005         2,481,072          3,796,296           2,427,984        771,088         9,476,440 2006         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2007         2,481,072          3,796,296           2,427,984          2,088         8,707,440 l            2008         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2009         2,481,072 '        3,796,296           2,427,984          2,088         8,707,440 l            2010         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2011         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2012         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2013         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2014         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2015         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2016         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2017         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2018         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2019         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2020         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2021         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2022         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2023         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2024         2,481,072          3,796,296           2,427,984          2,088         8,707,440 2025         2,481,072          3,796,296           2,427,984          2,088         8,707A40 2026           620,268            949,074             606,996            522         2,176,860 2027               .                  .                    .              .                .
2028               -                  .                    .              .                .
2029                .                 .                    .              .                .
2030               .                  .                    .              .                .
2031               .                  .                    .              .                .
2032               .                  .                    .              .                .
2033               .                  .                    .              .                .       I 2034               .                  .                    .              .                .
Total        67,609,212        103,449,066          66,162,564      5,439,898      242,660,740

l l
NRC Decommissioning Funding Status Report l                                       Beaver Valley Power Station Unit 1
      .                                       As of December 31,1998 1
(Note: This report reflects FirstEnergy Corporation's consolidated share of ownership
!                interest in Beaver Valley Power Station Unit 1).
: 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)(see Schedule 1):
Ohio Edison Company                     $ 95,269,467 Pennsylvania Power Company                 47.634.733 i FirstEnergy Consolidated                $142.904.2pg  l l
: 2. The amount accumulated in external trust funds at December 31,1998:
Ohio Edison Company                     $49,040,804 Pennsylvania Power Company                13.626.015 FirstEnergy Consolidated                $12.666.819
: 3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers is attached as Schedule 2:
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:
Consolidated Ownership Interest in Unit                       52.5 %
Funds Earnings Rate through Dismantlemer.t                    5.86 %
Decommissionir.g Cost Inflation Rate                          3.86 %
Year of License Termination                                   2016 Safestor Period                                               2016-2029 Year of Final Dismantlement                                   2035
: 5. There are no contracts upon which FirstEnergy Corporation is reiying pursuant to 10 CFR 50.75(e)(1)(v).
: 6. Due to the passage of the Pennsylvania Electricity Generation Customer Choice and Competition Act, FirstEnergy Corporation's subsidiary, Pennsylvania Power Company, has accelerated the timing of the contributions to the external trust. The contributions pertaining
;           to the Pennsylvania Public Utility Commission will be collected from ratepayers through 2005, l           while contributions pertaining to FERC will be collected through January 2016.
: 7. Copies of each respective trust agreement are on fi!e with FirstEnergy Corporation and are available upon request.

  ,      u Schedule 1 Pag 31 of 2 OHIO EDISON COMPANY l
i
                      ,                Calculation of Minimum Financial Assurance Amount for December 1998 BEAVER VALLEY NUCLEAR POWER PLANT UNIT ONE P;nnsylvania Regions Labor (L) = Nodheast Energy (E) = National W:ste Burial (B) = South Carolina For PWR Unit Adjustment                           Escalat!on Factor            Ratio             Factor L=             1.660             0.65              1.079 E=             0.850             0.13              0.111 8=              7.173             0.22              1.578 FWR Escalation Factor =                                                             2.768 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0083P)
(P o power level in megawatts thermal = 2,652)
($75 + 0.0088(2,652)) million =                                                      $98,337,600 Escalated Amount for unit = 98,337,600 x 2.768 =                                                 $272,198,477 Escalated Amount for Ohio Edison Company's ownership interest (35 %) in the unit:
        $272,198,477       x        35 %               =          $95,269,467   for December 1998 1
I

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i
* I Schedula 1 Page 2 of 2 PENNSYLVANIA POWER COMPANY Calculation of Minimum Financial Assurance Amount for December 1998                                      l BEAVER VALLEY NUCLEAR POWER PLANT UNIT ONE l
Pennsylvania Regions                                                                                       i Labor (L) = Northeast Energy (E) = National W:ste Burial (B) = South Carolina For PWR Unit Adjustment                           Escalation Factor           Ratio              tractor L=              1.660            0.65                1.079 E=             0.850             0.13                0.111                 l B=             7.173             0.22                1.578                 I PWR Escalation Factor =                                                             2.768 I
Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P a power level in me0awatts thermal = 2.652)
($75 + 0.0088(2,652)) million =                                                  $98,337,600 Escalated Amount for unit = 98,337,600 x 2.768 =                                              $272,198,477 Escalated Amount for Penn Power Company's ownership interest (17.5 %) in the unit:
       $272,198,477       x       17.5%              =          $47,634,733    for December 1998 l
i

ra v                                                                                            ,
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     " ~
Schedule 2 Pags 1 of 1 l
NRC Decommissioning Funding Status Report Schedule of Annual Amounts Remaining to be Collected l
FirstEnergy Corporation Beaver Valley 1 i
Annual Amounts Collected Ohio              Pennsylvania         FirstEnergy                   J Year             Edison                Power            Consolidated                   ]
1999                2,041,608                823,280           2,864,888              l 2000                 2,041,608                823,280           2,864,888             j 2001                 2,041,608                823,280           2,864,888 2002                 2,041,608                823,280           2,864,888 2003                 2,041,608                823,280           2,864,888 2004                 2,041,608                823,280           2,864,888              l 2005                 2,041,608                823,280           2,864,888              l 2006                 2,041,608                  8,280 ,
2,049,888             )
2007                 2,041,608                  8,280           2,049,888 2008                 2,041,608                  8,280           2,049,888 2009                 2,041,608                  8,280           2,049,888 2010                 2,041,608                  8,280           2,049,888 2011                 2,041,608                  8,280           2,049,888 2012                 2,041,608                  8,280           2,049,888 2013                 2,041,608                  8,280           2,049,888              i 2014                 2,041,608                  8,280           2,049,888              l 2015                 2,041,608                  8,280           2,049,888              I 2016                   170,134                    690             170,824 2017                        .                     .                   .
2018                        .                     .                   .
2019                        .                     .                   .
2020                        .                     .                   .
2021                        .                     .                   .
2022                        .                     .                   .
2023                       .                      .                   .
2024                        .                     .                   .
2025                        .                     .                   .
2026                       .                      .                   .
2027                        .                     .                   .
2028                        .                     .                   .
2029                        .                     .                   .
2030                       .                      .                   .
2031                       .                      .                   .
2032                       .                      .                   .
l 2033                       .                      .                   .
l         2034                       .                      .                   -
l         2035                       .                      .                   .
         . Total              34,877,470              5,846,450          40,723,920

E.. ..
e
* NRC Decommissioning Funding Status Report Beaver Valley Nuclear Power Station Unit 2
                   ,                               As of December 31,1998
                                                                                                                ~
(Note: This report reflects FirstEnergy Corporation's consolidated share of ownership interest in Beaver Valley Nuclear Power Station Unit 2),
t
!            1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)(See Schedule 1):
!                                            Ohio Edison Company                                 $113,996,722 Cleveland EI' etric Illuminating Company               66,606,967 Toledo Edison Company                                  54.194.717 FirstEnergy Consolidated                            $234.798.406 l
: 2. The amount accumulated in external trust funds at December 31,1998:
Ohio Edison Company                                 $35,832,402     !
Cleveland Electric Illuminating Company               19,678,450    l Toledo Edison Company                                 14.179.433   I FirstEnergy Consolidated                            $69.690.285     .
I
: 3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers is attached as Schedule 2.
: 4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:                j Consolidated FirstEnergy Ownership                  86.26 %         !
Funds Earnings Rate through Dismantlement           5.766 %
Decommissioning Cost Inflation Rate                 3.766 %         ,
Year of License Termination                         2027            l Year of Final Dismantlement                         2035
: 5. There are no contracts upon which FirstEnergy Corporation is relying pursuant to 10 CFR 50.75(e)(1)(v).
6.~ There are no modifications to FirstEnergy Corporation's current me'' :d of providing financial assurance since the last submitted report.
: 7. Copies of each respective trust agreement are on file with FirstEnergy Corporation and are available upon request.
I

E.  .
Scheo,4 1 Pag 319: 1.
OHIO EDISON COMPANY Calculation of Minimum Financial Assurance Amount for December 1998 BEAVER VALLEY NUCLEAR POWER STATION UNIT TWO Pennsylvania Renlons Labor (L) = Northeast Energy (E) = National Waste Burial (B) = South Carolina For PWR Unit                                                                                                )
Adjustment                            Escalation
_ Factor               Ratio               Factor L=             1.660            0.65                 1.079 E=             0.850            0.13                0.111 8=              7.173            0.22                 1.578 PWR Escalation Factor =                                                        2.768 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2,652)
($75 + 0.0088(2,652)) million =                                                  $98,337,600 Escalated Amount for unit = 98,337,600 x 2.768 =                                             $272,198,477 Escalated Amount for Ohic Edison Company's ownership interest (41.88 %) in the unit:
    $272,198,477 x        41.88 %               =       _$113,996,722     for December 1998 i

                                   - ~ -
Sch;dule 1 Pags 2 of 3    !
                       ~
CLEVELAND ELECTRIC ILLUMINATING COMPANY Calculation of Minimum Financial Assurance Amount
        .                                              December 31,1998                                              l BEAVER VALLEY NUCLEAR POWER STATION UNIT TWO l
l I
P nnsylvania Regions                                                                                              j 1
Labor (L) = Northeast Energy (E) = National W;ste Burial (B) = South Carolina For PWR Unit Adjustment                            Escalation Factor           Ratio               Factor L=              1.660            0.65                1.079 E=              0.850            0.13                0.111 B=              7.173            0.22                1.578 PWR Escalation Factor =                                                               2.768 B se Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = powerlevelin megawatts thermal = 2,652)
($75 + 0.0088(2,652)) million =                                                        $98,337,600 Escalated Amount for unit = 98,337,600 x 2.768 =                                                   $272,198,477 Escalated Amount for Cleveland Electric illuminating Company's ownership interest (24.47 %) in the unit:
       $272,198,477       x      24.47 %               =         $66,606,967     for December 1998 l
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         ,      ,                                                                                   Schedule 1 Page 3 of 3 TOLEDO EDISON COMPANY Calculation of Minimum Financial Assurance Amount a
for December 1998 BEAVER VALLEY NUCLEAR POWER STATION UNIT TWO Pennsylvania Regions                                                                                       j Labor (L) = Northeast Energy (E) = National _                                                                                   )
Waste Burial (B) = South Carolina i'
For PWR Unit Adjustment                          Escalation               ,
Factor           Ratio              Factor                  l L=             1.660            0.65               1.079                  )
E=             0.850            0.13               0.111                  {'
B=             7.173            0.22               1.578 PWR Escalation Factor =                                                            2.768 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2,652)
($75 + 0.0088(2,652)) million =                                                 $98,337,600 1
Escalated Amount for unit = 98,337,600 x 2.768 =                                             $272,198,477 Escalated Amount for Toledo Edison Company's ownership interest (19.91 %) in the unit:
           $272,198,477        x     19.91 %             =            $54,194,717 for December 1998              '
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       .    .                                                                             Schedula 2 Pags1 of1
               , . NRC D: commissioning Funding Status Report Schedule of Annual Amounts Remaining to be Collected FirstEnergy Corporation Beaver Valley 2 Annual Amounts Collected Ohio              Cleveland         Toledo        FirstEnergy Year        Edison              Electric         Edison       Consolidated 1999           1,712,108           1,390,032        1,184,856        4,286,996 2000           1,712,108           1,390,032        1,184,856        4,286,996 2001           1,712,108           1,390,032        1,184,856        4,286,996 2002           1,712,108           1,390,032        1,184,856        4,286,996 2003           1,712,108           1,390,032        1,184,856        4,2f4,996 2004           1,712,108           1,390,032        1,184,856        4.086,996 2005           1,712,108           1,390,032        1,184,856        4,286,996 2006           1,712,108           1,390,032        1,184,856        4,286,996            l 2007           1,712,108           1,390,032        1,184,856        4,286,996 2008           1,712,108           1,390,032        1,184,856        4,286,996 2009           1,712,108           1,390,032        1,184,856        4,286,996 2010           1,712,108           1,390,032        1,184,856        4,286,996 2011           1,712,108           1,390,032        1,184,856        4,286,996 2012           1,712,108           1,390,032        1,184,856        4,286,996 2013           1,712,106           1,390,032        1,184,856        4,286,996 2014           1,712.108           1,390,032        1,184,856        4,286,996 2015           1,712,108           1,390,032        1,184,856        4,286,996 2016           1,712,108           1,390,032        1,184,856        4,286,996 2017           1,712,108           1,390,032        1,184,856        4,286,996 2018           1,712,108           1,390,032        1,184,856        4,286,996 2019           1,712,100           1,390,032        1,184,856        4,286,996            l 2020           1,712,108           1,390,032        1,184,856        4,286,996            '
2021           1,712,108           1,390,032        1,184,856        4,286,996 2022           1,712,108           1,390,032        1,184,856        4,286,996            l 2023           1,712,108           1,390,032        1,184,856        4,286,996 2024           1,712,108           1,390,032        1,184,856        4,286,996 2025           1,712,108           1,390,032        1,184,856        4,286,996 2026           1,712,108           1,390,032        1,184,856        4,286,996 2027             713,378             579,180          493,690        1,786,248 2028                 -                   .                .                 .
2029                 .                   .                .                 .
2030                 .                   .                .                 .
2031                 .                   .                .                 .
2032                 .                   .                .                 .
l          2033                 .                   .                .                 .
t          2034                 .                   .                .                 .
l          2035                 .                   .                .                 .
Total        48,652,402           39,500,076      33,669,658      121,822,136 I
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