ML16048A129

Georgia Power Company Response on Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))

ML16048A129
Person / Time
Site:	Vogtle
Issue date:	03/16/2015
From:	Poroch D Georgia Power Co
To:	Office of Nuclear Reactor Regulation
Shared Package
ML16048A141	List: ML16048A128 ML16048A129 ML16048A130 ML16048A131 NL-15-0581, Dalton Utilities Response on Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1)) NL-15-0581, Vogtle, Units 1 and 2 - Georgia Power Company Response on Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1)) NL-15-0581, Vogtle, Units 1 and 2 - Municipal Electric Authority of Georgia Response on Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1)) NL-15-0581, Vogtle, Units 1 and 2 - Oglethorpe Power Corporation Response on Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1)) NL-15-0581, Vogtle, Units 1 and 2 - Transmittal of Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))
References
NL-15-0581
Download: ML16048A129 (6)

Text

Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))

Enclosure 1 Georgia Power Company Response Bin 10120 241 Ralph McGil/lBoulevard, NE Atlanta, Georgia, 30308 404.506.0997 GEORGIA POWER A SOUTHERN COMPANW March 16, 2015 Docket Nos.: 50-424 50-425 U. S. Nuclear Regulatory Commission A-TEN: Document Control Desk Washington, D.C. 20555 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))

Dear Ladies and Gentlemen:

Pursuant to 10 CFR 50.75(f)(1

), each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning on March 31, 1999, and every two years thereafter.

Accordingly, Georgia Power Company (GPC) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses NPF-68 and NPF-81 issued for Vogtle Electric Generating Plant Units 1 and 2, respectively.

Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating Plant, is providing this information to the NRC on behalf of GPC.Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning of the Vogtle Electric Generating Plant, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c), will be available on the expiration date of operating licenses NPF-68 and NPF-81.Please advise if you have any questions or comments regarding the information provided herein.Respectfully submitted, GEORGIA POWER COMPANY, by, David Poroch Vice President

& Comptroller Enclosure Enclosure Vogtle Electric Generating Plant Georgia Power Company Ownership Percentage

-45.7%10 CFR 50.75(f)(1)

Requirement Unit 1 Unit 2 1 The NRC minimum decommissioning estimate,22 pursuant to 10 CFR 50.75(b) and (c).'1 $236,641 ,000 $236,641,000 2 The amount accumulated at the end of the $124,445,000

$133,552,000 calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c).3 A schedule of the annual amounts remaining to be See Schedule in See Schedule in collected; for items in 10 CFR 50.75(b) and (c). Attachment 1 Attachment 1 4 The assumptions used regarding: (a) rates of escalation in decommissioning 2.41% 2.41%costs;(b) rates of earnings on decommissioning4414.%

funds;4414.%(c) real rate of retumn; and. 2.00% 2.00%(d) rates of other factors used in funding None None projections.

5 Any contracts upon which the licensee is relying None INone pursuant to 10 CFR 50.75(e)(1)(v).

I____________

6 Any modifications to a licensee's current method No modification since the No modification since the of providing financial assurance occurring since last report. Funding is to an last report. Funding is to an the last submitted report. External Sinking Fund with External Sinking Fund with the sources of funds from the sources of funds from Traditional Cost of Service Traditional Cost of Service ratemaking as ordered by ratemaking as ordered by the GPSC. the GPSC.7 Any material changes to trust agreements.

None None NOTES: The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove a facility 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 until transfer to DOE are not included in the cost formulas.SThis amount is based on NUREG-1307, Rev. 15, for the burial factor (Option 2) and the December 2014 BLS data for labor and energy.3 This amount represents the December 31, 2014 balance of funds in the external trust designated for license termination and does not include funds identified and held in subaccounts within the external trusts for spent fuel management and decommissioning of spent fuel storage facilities.

The subaccounts include $12,781 ,000 and $18,638,000, for Units 1 and 2, respectively, funded through rates in accordance with Georgia Public Service Commission Orders.

Attachment 1 Schedule of the Annual Amounts Remaining to be Collected GEORGIA POWER COMPANY NUCLEAR DECOMMISSIONING Based on 12/31/2014 Fund Balances (In thousands)

VOGTLE 1 BEG OF Adjusted END OF YEAR FUND FUND Annual YEAR FUND BAL EARNINGS CONTRIB Expend. FUND BAL 20158 124,445 [ 5,505 495I 0f 130,445 2016 j 130,4451 5,770 49 01! 136,710 2017 136,710 6,046 495j_ __ 0 143.251 2018 143,251 6,335 495j ___ 0 150,081 2019 150,081 6,636 495f___ 0 157.212 2020 157,212 6,950 495f___ 0 164,657 2021 164,657" 7,279 4951 ___ 0 172,431 2022 172,431 7.622 -495 f ___ 0 180,548 2023 180,548 7,980 495f____ 0 189,023 2024 189,023 8,353 495 I____0 197,871 2026 197,871 8,744 4951 _____0 207,110 2026 207,110 9.151 -4951 ___ 01 216,756 2027 216,756 9,576 495 I __ _0J 226,827 2028 226,827 10,020 495 ___ 0 I 237,342 2029 j 237,3421 10,484 j 495j ___ 01! 248,321 2030 J 248,321 10,9681 4951 ___ 01 259,784 2031 J 259,7641 11,474 4951 271,753 2032 271.753 12,002 49 01 284,250 2033 284,250 12,553 49 01 297,298 2034 -297,298 13,128 49 01 310,921 2035 310,921 13,729 49 01 325,145 2036 -325,145 14,358 49 01 33999 2037 ] 339,996* 15,0111 495 01I 355,502 2038 j 355,502 15,695 495j 004 371,692 2039 3 371,692 16,409 495___ I O 388,596 2040 3 388,5961 17,154 j 495Sf 0 I 406,245 2041 3 406,245! 17,933 495f Of0 424,673 2042 3 424.8731 18,745 4951 0 j 443,913 2043 3 443,9131 19,594 4950I O 464,002 2044 3 464,002 20,480 49 03 46,7 2045 464,977 21,405 49 01 506,877 2046 506,877 22,371 4951 01 529.743 2047 3 529,743 12,767 01 01 542,510 GEORGIA POWER COMPANY NUCLEAR DECOMMISSIONING Based on 12/31/2014 Fund Balances (In thousands)

VOGTLE 2 BEG OF Adjusted YEAR FUND FUND Annual FUND BAL EARNINGS CONTRIB Expend.END OF YEAR FUND BAL 2015 133,552 5,890 01! 01! 139,442 2016 139,442 6,149 01 0 145,591 2017 145,591 6,421 01 0 152,012 2018 152,012 6,704 01 0 158,716 2019 158.716 6,999 01 ___ 0 165,715 2020 165,715 7,308 01 0 173,023 2021 173,023 7,630 01 0 180,653 2022 180,653 7,96701 0 188,620 2023 188,620 8, 318 0j 0 196,938 2024 196,938 8,685 01 0 205.623 2025 205,623 9,068 01 ___ 0 214,691 2026 214,691 9,468 0, 0 224.159 2027 224,159 9,885 0 0 234,044 2028 234,044 10,321 01 0 244,365 2029 244,365 10,776 01 0 255,141 2030 255,141 11,252 01 0 266,393 2031 266,393 11,748 01 0 278.141 2032 278,141 12,266 01 0 290,407 2033 290,407 12,807 0 O 303.214 2034 j 303,214 13,372 01 0J 316,586 2036 316,586 13,961 0 ~ 0 3 330,547 2036 330,547 14.577 0 0 345,124 2037 345,124 15,220 00 360,344 2038 360,344 15.891 0 -0 376,235 2039 3 376,235 16,592' 0 0 392.827 2040 392,827 17,324 0 -0 410,151 2041 410,151 18,088 0 0 428,239 2042 428,239 18.885 0_ _ 2. 01 447,124 2043 447,124 19,718 ____0[ 0 466,842 2044 J 466.842 20,588 ___ 01I 03 487,430 2045 4 487,430 21,496 ___ 01 01 508,926 Z046 508,926 22,444 01 a 531,370 2047 531.370 23.433 01 0 554.803 2048 I 554,8033 24,467 o 0 0 57.7 2049 f 579,2701 13,960 J 0i[ 0 j 593,230 Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))

Enclosure 1 Georgia Power Company Response Bin 10120 241 Ralph McGil/lBoulevard, NE Atlanta, Georgia, 30308 404.506.0997 GEORGIA POWER A SOUTHERN COMPANW March 16, 2015 Docket Nos.: 50-424 50-425 U. S. Nuclear Regulatory Commission A-TEN: Document Control Desk Washington, D.C. 20555 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))

Dear Ladies and Gentlemen:

Pursuant to 10 CFR 50.75(f)(1

), each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning on March 31, 1999, and every two years thereafter.

Accordingly, Georgia Power Company (GPC) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses NPF-68 and NPF-81 issued for Vogtle Electric Generating Plant Units 1 and 2, respectively.

Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating Plant, is providing this information to the NRC on behalf of GPC.Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning of the Vogtle Electric Generating Plant, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c), will be available on the expiration date of operating licenses NPF-68 and NPF-81.Please advise if you have any questions or comments regarding the information provided herein.Respectfully submitted, GEORGIA POWER COMPANY, by, David Poroch Vice President

& Comptroller Enclosure Enclosure Vogtle Electric Generating Plant Georgia Power Company Ownership Percentage

-45.7%10 CFR 50.75(f)(1)

Requirement Unit 1 Unit 2 1 The NRC minimum decommissioning estimate,22 pursuant to 10 CFR 50.75(b) and (c).'1 $236,641 ,000 $236,641,000 2 The amount accumulated at the end of the $124,445,000

$133,552,000 calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c).3 A schedule of the annual amounts remaining to be See Schedule in See Schedule in collected; for items in 10 CFR 50.75(b) and (c). Attachment 1 Attachment 1 4 The assumptions used regarding: (a) rates of escalation in decommissioning 2.41% 2.41%costs;(b) rates of earnings on decommissioning4414.%

funds;4414.%(c) real rate of retumn; and. 2.00% 2.00%(d) rates of other factors used in funding None None projections.

5 Any contracts upon which the licensee is relying None INone pursuant to 10 CFR 50.75(e)(1)(v).

I____________

6 Any modifications to a licensee's current method No modification since the No modification since the of providing financial assurance occurring since last report. Funding is to an last report. Funding is to an the last submitted report. External Sinking Fund with External Sinking Fund with the sources of funds from the sources of funds from Traditional Cost of Service Traditional Cost of Service ratemaking as ordered by ratemaking as ordered by the GPSC. the GPSC.7 Any material changes to trust agreements.

None None NOTES: The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove a facility 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 until transfer to DOE are not included in the cost formulas.SThis amount is based on NUREG-1307, Rev. 15, for the burial factor (Option 2) and the December 2014 BLS data for labor and energy.3 This amount represents the December 31, 2014 balance of funds in the external trust designated for license termination and does not include funds identified and held in subaccounts within the external trusts for spent fuel management and decommissioning of spent fuel storage facilities.

The subaccounts include $12,781 ,000 and $18,638,000, for Units 1 and 2, respectively, funded through rates in accordance with Georgia Public Service Commission Orders.

Attachment 1 Schedule of the Annual Amounts Remaining to be Collected GEORGIA POWER COMPANY NUCLEAR DECOMMISSIONING Based on 12/31/2014 Fund Balances (In thousands)

VOGTLE 1 BEG OF Adjusted END OF YEAR FUND FUND Annual YEAR FUND BAL EARNINGS CONTRIB Expend. FUND BAL 20158 124,445 [ 5,505 495I 0f 130,445 2016 j 130,4451 5,770 49 01! 136,710 2017 136,710 6,046 495j_ __ 0 143.251 2018 143,251 6,335 495j ___ 0 150,081 2019 150,081 6,636 495f___ 0 157.212 2020 157,212 6,950 495f___ 0 164,657 2021 164,657" 7,279 4951 ___ 0 172,431 2022 172,431 7.622 -495 f ___ 0 180,548 2023 180,548 7,980 495f____ 0 189,023 2024 189,023 8,353 495 I____0 197,871 2026 197,871 8,744 4951 _____0 207,110 2026 207,110 9.151 -4951 ___ 01 216,756 2027 216,756 9,576 495 I __ _0J 226,827 2028 226,827 10,020 495 ___ 0 I 237,342 2029 j 237,3421 10,484 j 495j ___ 01! 248,321 2030 J 248,321 10,9681 4951 ___ 01 259,784 2031 J 259,7641 11,474 4951 271,753 2032 271.753 12,002 49 01 284,250 2033 284,250 12,553 49 01 297,298 2034 -297,298 13,128 49 01 310,921 2035 310,921 13,729 49 01 325,145 2036 -325,145 14,358 49 01 33999 2037 ] 339,996* 15,0111 495 01I 355,502 2038 j 355,502 15,695 495j 004 371,692 2039 3 371,692 16,409 495___ I O 388,596 2040 3 388,5961 17,154 j 495Sf 0 I 406,245 2041 3 406,245! 17,933 495f Of0 424,673 2042 3 424.8731 18,745 4951 0 j 443,913 2043 3 443,9131 19,594 4950I O 464,002 2044 3 464,002 20,480 49 03 46,7 2045 464,977 21,405 49 01 506,877 2046 506,877 22,371 4951 01 529.743 2047 3 529,743 12,767 01 01 542,510 GEORGIA POWER COMPANY NUCLEAR DECOMMISSIONING Based on 12/31/2014 Fund Balances (In thousands)

VOGTLE 2 BEG OF Adjusted YEAR FUND FUND Annual FUND BAL EARNINGS CONTRIB Expend.END OF YEAR FUND BAL 2015 133,552 5,890 01! 01! 139,442 2016 139,442 6,149 01 0 145,591 2017 145,591 6,421 01 0 152,012 2018 152,012 6,704 01 0 158,716 2019 158.716 6,999 01 ___ 0 165,715 2020 165,715 7,308 01 0 173,023 2021 173,023 7,630 01 0 180,653 2022 180,653 7,96701 0 188,620 2023 188,620 8, 318 0j 0 196,938 2024 196,938 8,685 01 0 205.623 2025 205,623 9,068 01 ___ 0 214,691 2026 214,691 9,468 0, 0 224.159 2027 224,159 9,885 0 0 234,044 2028 234,044 10,321 01 0 244,365 2029 244,365 10,776 01 0 255,141 2030 255,141 11,252 01 0 266,393 2031 266,393 11,748 01 0 278.141 2032 278,141 12,266 01 0 290,407 2033 290,407 12,807 0 O 303.214 2034 j 303,214 13,372 01 0J 316,586 2036 316,586 13,961 0 ~ 0 3 330,547 2036 330,547 14.577 0 0 345,124 2037 345,124 15,220 00 360,344 2038 360,344 15.891 0 -0 376,235 2039 3 376,235 16,592' 0 0 392.827 2040 392,827 17,324 0 -0 410,151 2041 410,151 18,088 0 0 428,239 2042 428,239 18.885 0_ _ 2. 01 447,124 2043 447,124 19,718 ____0[ 0 466,842 2044 J 466.842 20,588 ___ 01I 03 487,430 2045 4 487,430 21,496 ___ 01 01 508,926 Z046 508,926 22,444 01 a 531,370 2047 531.370 23.433 01 0 554.803 2048 I 554,8033 24,467 o 0 0 57.7 2049 f 579,2701 13,960 J 0i[ 0 j 593,230