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| | issue date = 05/09/2011 | | | issue date = 05/09/2011 |
| | title = Draft RAI Re. the 2011 Decommissioning Funding Status Report | | | title = Draft RAI Re. the 2011 Decommissioning Funding Status Report |
| | author name = Tam P S | | | author name = Tam P |
| | author affiliation = NRC/NRR/DORL/LPLIII-1 | | | author affiliation = NRC/NRR/DORL/LPLIII-1 |
| | addressee name = Etheridge H L | | | addressee name = Etheridge H |
| | addressee affiliation = Indiana Michigan Power Co | | | addressee affiliation = Indiana Michigan Power Co |
| | docket = 05000315, 05000316 | | | docket = 05000315, 05000316 |
| | license number = DPR-058, DPR-074 | | | license number = DPR-058, DPR-074 |
| | contact person = Tam P S | | | contact person = Tam P |
| | case reference number = TAC ME5473, TAC ME5474 | | | case reference number = TAC ME5473, TAC ME5474 |
| | document type = E-Mail, Request for Additional Information (RAI) | | | document type = E-Mail, Request for Additional Information (RAI) |
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| =Text= | | =Text= |
| {{#Wiki_filter:Accession No. ML111290302 | | {{#Wiki_filter:Accession No. ML111290302 From: Tam, Peter Sent: Monday, May 09, 2011 10:00 AM To: 'hletheridge@aep.com'; 'jrwaters@aep.com'; mkscarpello@aep.com Cc: Lois, Kosmas |
| | |
| From: Tam, Peter Sent: Monday, May 09, 2011 10:00 AM To: 'hletheridge@aep.com'; 'jrwaters@aep.com'; mkscarpello@aep.com Cc: Lois, Kosmas | |
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| ==Subject:== | | ==Subject:== |
| D.C. Cook - Draft request for additional information re. the 2011 decommissioning funding status report (TAC ME5473 and ME5474) | | D.C. Cook - Draft request for additional information re. the 2011 decommissioning funding status report (TAC ME5473 and ME5474) |
| Helen: On March 30, 2011, Indiana Michigan Power submitted to the NRC its 2011 decommissioning funding status (DFS) report for Donald C. Cook Units 1 and 2, as required under Title 10 of the Code of Federal Regulations (10 CFR) Part 50.75(f)(1) (ML110970147). Our review of that submittal is ongoing. Meanwhile, we have developed the following draft request for additional information. You may accept this draft request as formal request and respond within 30 days of the date of this e-mail, or you may request to discuss with us these draft questions and an alternative response date. | | Helen: |
| | | On March 30, 2011, Indiana Michigan Power submitted to the NRC its 2011 decommissioning funding status (DFS) report for Donald C. Cook Units 1 and 2, as required under Title 10 of the Code of Federal Regulations (10 CFR) Part 50.75(f)(1) (ML110970147). Our review of that submittal is ongoing. |
| RAI #1: Citation for real rate of returns: | | Meanwhile, we have developed the following draft request for additional information. You may accept this draft request as formal request and respond within 30 days of the date of this e-mail, or you may request to discuss with us these draft questions and an alternative response date. |
| | | RAI #1: Citation for real rate of returns: |
| Provide the citation (e.g., an Order by the rate-regulatory authority) by the regulatory entity that allows for the assumptions used regarding rates of escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors assumed in your DFS report. Your March 30, 2011, report used the following for Cook 1 and 2: a 2 percent real rate of return was applied to the annual balance for future funding projections. | | Provide the citation (e.g., an Order by the rate-regulatory authority) by the regulatory entity that allows for the assumptions used regarding rates of escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors assumed in your DFS report. Your March 30, 2011, report used the following for Cook 1 and 2: a 2 percent real rate of return was applied to the annual balance for future funding projections. |
| As stated in 10 CFR 50.75(f)(1), the information in [the DFS] report must include [. . .] the assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections. . . | | As stated in 10 CFR 50.75(f)(1), |
| | | the information in [the DFS] report must include [. . .] the assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections. . . |
| RAI #2: Accumulated Amounts | | RAI #2: Accumulated Amounts Provide the after-tax amount of funds accumulated through December 31, 2010. Your March 30, 2011, report did not provide the after-tax amount of funds accumulated through December 31, 2010. The provisions of 10 CFR 50.75(f)(1) and (2) require the licensee to report the amount of funds accumulated to the end of the calendar year preceding the report. |
| | |
| Provide the after-tax amount of funds accumulated through December 31, 2010. Your March 30, 2011, report did not provide the after-tax amount of funds accumulated through December 31, 2010. The provisions of 10 CFR 50.75(f)(1) and (2) require the licensee to report the amount of funds accumulated to the end of the calendar year preceding the report. | |
| | |
| Peter S Tam, Senior Project Manager Plant Licensing Branch 3-1 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation Tel. 301-415-1451}} | | Peter S Tam, Senior Project Manager Plant Licensing Branch 3-1 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation Tel. 301-415-1451}} |
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Text
Accession No. ML111290302 From: Tam, Peter Sent: Monday, May 09, 2011 10:00 AM To: 'hletheridge@aep.com'; 'jrwaters@aep.com'; mkscarpello@aep.com Cc: Lois, Kosmas
Subject:
D.C. Cook - Draft request for additional information re. the 2011 decommissioning funding status report (TAC ME5473 and ME5474)
Helen:
On March 30, 2011, Indiana Michigan Power submitted to the NRC its 2011 decommissioning funding status (DFS) report for Donald C. Cook Units 1 and 2, as required under Title 10 of the Code of Federal Regulations (10 CFR) Part 50.75(f)(1) (ML110970147). Our review of that submittal is ongoing.
Meanwhile, we have developed the following draft request for additional information. You may accept this draft request as formal request and respond within 30 days of the date of this e-mail, or you may request to discuss with us these draft questions and an alternative response date.
RAI #1: Citation for real rate of returns:
Provide the citation (e.g., an Order by the rate-regulatory authority) by the regulatory entity that allows for the assumptions used regarding rates of escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors assumed in your DFS report. Your March 30, 2011, report used the following for Cook 1 and 2: a 2 percent real rate of return was applied to the annual balance for future funding projections.
As stated in 10 CFR 50.75(f)(1),
the information in [the DFS] report must include [. . .] the assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections. . .
RAI #2: Accumulated Amounts Provide the after-tax amount of funds accumulated through December 31, 2010. Your March 30, 2011, report did not provide the after-tax amount of funds accumulated through December 31, 2010. The provisions of 10 CFR 50.75(f)(1) and (2) require the licensee to report the amount of funds accumulated to the end of the calendar year preceding the report.
Peter S Tam, Senior Project Manager Plant Licensing Branch 3-1 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation Tel. 301-415-1451
