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| number = ML110871121
| number = ML110871121
| issue date = 03/28/2011
| issue date = 03/28/2011
| title = Prairie Island, Units 1 and 2, Prairie Island Independent Spent Fuel and Monticello, Decommissioning Funding Status Reports
| title = Independent Spent Fuel and Monticello, Decommissioning Funding Status Reports
| author name = Molden J E
| author name = Molden J
| author affiliation = Northern States Power Co, Xcel Energy
| author affiliation = Northern States Power Co, Xcel Energy
| addressee name =  
| addressee name =  
Line 14: Line 14:
| page count = 7
| page count = 7
}}
}}
=Text=
{{#Wiki_filter:/@ Xcel Energy"                                                          414 Nicollet Mall - MP4 Minneapolis, MN 55401 March 28, 201 1                                                          L-XE-11-007 10 CFR 50.75(f)(1)
U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555 Prairie Island Nuclear Generating Plant,          Monticello Nuclear Generating Plant Units 1 and 2                                      Docket 50-263 Dockets 50-282, 50-306                            Renewed License No. DPR-22 License Nos. DPR-42 and DPR-60 Prairie Island Independent Spent Fuel Storage Installation Docket 72-10 Materials License No. SNM-2506 Decommissioning Funding Status Reports The enclosed decommissioning funding status reports are being submitted in accordance with 10 CFR 50.75, "Reporting and Recordkeeping for Decommissioning Planning," Paragraph (f)(l), for the aforementioned plants with addition to Regulatory Issue Summary (RIS) 2001-'07 providing radiological decommissioning, spent fuel management, and site restoration cost segmentation. As holder of the plant operating licenses, Northern States Power Company, a Minnesota corporation (NSPM) d/b/a Xcel Energy is submitting these reports. The financial information presented herein, is current as of December 31, 2010.
Summarv of Commitments This letter contains no new commitments and no revisions to existing commitments.
U ~ a m e E. s Molden Vice President, Operations Support Northern States Power Company - Minnesota Enclosures (4) cc:    Administrator, Region Ill, USNRC Project Managers, above listed plants, USNRC NRC Resident Inspectors, above listed plants, USNRC
ENCLOSURES Enclosure                  Plant                                Title 1    Prairie Island Nuclear Generating      Decommissioning Funding Status Plant, Unit 1 (PI1)                    Report 2    Prairie Island Nuclear Generating      Decommissioning Funding Status Plant, Unit 2 (P12)                    Report 3    Monticello Nuclear Generating Plant    Decommissioning Funding Status (MNGP)                                  Report 4    All                                    Xcel Energy Breakdown of Annual Contributions and Trust Fund Balance (RIS 2001-07) 5 pages follow
ENCLOSURE I Prairie Island Nuclear Generating Plant, Unit 1 Docket No. 50-282 License No. DPR-42 Decommissioning Funding Status Report As provided in 10 CFR 50,75(f)(l), each power reactor licensee is required to report to the NRC on a calendar year basis beginning March 31, 1999, and every two years thereafter on the status of its decommissioning funding for each reactor or share of reactor it owns.
: 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c), in 2010 dollars.
: 2. The amount accumulated at the end of the calendar year                  External preceding the date of the report.                                      Qualified      $343,789,857 (See Enclosure 4 for segmentation of Radiological                      External Decommissioning, Spent Fuel Management, and Site                      Escrow            $45,819,995 Restoration Trust Funds Balances).
Internal            $631,467 Total        $390,241,319
: 3. A schedule of the annual amounts remaining to be collected through rates from customers.                                                              Collect
: 4. Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.
Plant Owner (% Ownership)                  Rate of Earnings          Escalation      Real Rate of (Nominal Rate Of            Factor            Return Return)                (Inflation)      (Projected)
Xcel Energy (100%) - PlNGP Unit 1                6.30%                  2.89%            3.41%
Basis for Allowance:
Xcel Energy files a triennial decommissioning study with the Minnesota Public Utilities Commission (MPUC) for approval. A portion of the study is dedicated to an internal analysis of inflation factors surrounding the various components necessary to perform the decommissioning function. The analysis utilizes long-range inflation projections published by Global Insight, the Consumer Price Index, and the Chained Price Index for Gross Domestic Product, as well as other forecasted data. Note: These rates apply to external funds only. The rate of earnings and escalation factors were approved by the MPUC in the most recent triennial decommissioning study completed by the company, MPUC Docket No. E002lM-08-1201, effective June 12, 2009.
The projected real rate of return of 3.41% would accumulate sufficient decommissioning funds by the current 201 3 end of license date.
: 5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e) (1) (v).                                                                  None
: 6. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.                                        None
: 7. Any material changes to trust agreements.                                                  None
ENCLOSURE 2 Prairie Island Nuclear Generating Plant, Unit 2 Docket 50-306 License DPR-60 Decommissioning Funding Status Report As provided in 10 CFR 50,75(f)(l), each power reactor licensee is required to report to the NRC on a calendar year basis beginning March 31, 1999, and every two years thereafter on the status of its decommissioning funding for each reactor or share of reactor it owns.
: 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c), in 2010 dollars.
: 2. The amount accumulated at the end of the calendar year                  External preceding the date of the report.                                      Qualified      $358,946,949 (See Enclosure 4 for segmentation of Radiological                      External Decommissioning, Spent Fuel Management, and Site                        Escrow          $57,272,598 Restoration Trust Funds Balances).
Internal            $918,249 Total        $417,137,796
: 3. A schedule of the annual amounts remaining to be collected through rates on customers.                                                                Collect
: 4. Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.
( Plant Owner (% Ownership)                  Rate of Earnings      ( Escalation 1 Real Rate of          I (Nominal Rate Of              Factor          Return Return)              (Inflation)      (Projected)
Xcel Energy (100%)- PlNGP Unit 2                  6.30%                  2.89%            3.41%
Basis for Allowance:
Xcel Energy files a triennial decommissioning study with the Minnesota Public Utilities Commission (MPUC) for approval. A portion of the study is dedicated to an internal analysis of inflation factors surrounding the various components necessary to perform the decommissioning function. The analysis utilizes long-range inflation projections published by Global Insight, the Consumer Price Index, and the Chained Price Index for Gross Domestic Product, as well as other forecasted data. Note: These rates apply to external funds only. The rate of earnings and escalation factors were approved by the MPUC in the most recent triennial decommissioning study completed by the company, MPUC Docket No. E002lM-08-1201, effective June 12, 2009.
The projected real rate of return of 3.41% would accumulate sufficient decommissioning funds by the current 2014 end of license date.
: 5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e) (1) (v).                                                                    None
: 6. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.                                        None
: 7. Any material changes to trust agreements.                                                  None
ENCLOSURE 3 Monticello Nuclear Generating Plant Docket No. 50-263 License No. DPR-22 Decommissioning Funding Status Report As provided in 10 CFR 50.75(f)(I), each power reactor licensee is required to report to the NRC on a calendar year basis beginning March 31, 1999, and every two years thereafter on the status of its decommissioning funding for each reactor or share of reactor it owns.
: 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c), in 2010 dollars.
: 2. The amount accumulated for Radiological Decommissioning at              External the end of the calendar year preceding the date of the report.          Qualified      $352,285,756 (See Enclosure 4 for segmentation of Radiological                      External Decommissioning, Spent Fuel Management, and Site                        Escrow              $605,248 Restoration Trust Funds Balances).
Internal                  $0 Total        $352,891,004
: 3. A schedule of the annual amounts remaining to be collected through rates from customers.                                                            Collect
: 4. Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.
Plant Owner (% Ownership)                  Rate of Earnings          Escalation      Real Rate of (Nominal Rate Of            Factor          Return Return)                (Inflation)      (Projected)
Xcel Energy (100%)- Monticello                  6.30%                    2.89%            3.41%
Basis for Allowance:
Xcel Energy files a triennial decommissioning study with the Minnesota Public Utilities Commission (MPUC) for approval. A portion of the study is dedicated to an internal analysis of inflation factors surrounding the various components necessary to perform the decommissioning function. The analysis utilizes long-range inflation projections published by Global Insight, the Consumer Price Index, and the Chained Price Index for Gross Domestic Product, as well as other forecasted data. Note: These rates apply to external funds only. The rate of earnings and escalation factors were approved by the MPUC in the most recent triennial decommissioning study completed by the company, MPUC Docket No. E002lM-08-1201, effective June 12, 2009.
The projected real rate of return of 3.41% would accumulate approximately $667 million in decommissioning funds by the 2030 end of license date.
: 5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e) (1) (v).                                                                    None
: 6. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.                                        None
: 7. Any material changes to trust agreements.                                                  None
ENCLOSURE 4 Prairie Island Nuclear Generating Plant (PINGP) Units 1 and 2 Dockets 50-282 and 50-306 Licenses Nos. DPR-42 and DPR-60 Monticello Nuclear Generating Plant (MNGP)
Docket 50-263 License No. DPR-22 Xcel Energy Breakdown of Annual Contributions and Trust Fund Balance The following table is the radiological decommissioning, spent fuel management, and site restoration segmentation of the trust fund balances for PINGP Units 1 and 2 and MNGP.
Trust FundBalances Prairie Island Unit 1 Radiological Decommissioning Spent Fuel Management Site Restoration Total Prairie Island Unit 2 Radiological Decommissioning Spent Fuel Management Site Restoration Total Monticello Radiological Decommissioning Spent Fuel Management Site Restoration Total
ENCLOSURE 4 cont.
The following annual contributions table shows the approximate accrual segmentation for radiological decommissioning, spent fuel management, and site restoration for PlNGP Units 1 and 2 for 2010. Currently, there are no contributions being made to MNGP or PlNGP Trust Funds for 201 1.
Annual Contributions Prairie Island Unit I Radiological Decommissioning Spent Fuel Management Site Restoration Total Prairie Island Unit 2 Radiological Decommissioning Spent Fuel Management Site Restoration Total Monticello Unit 1 Radiological Decommissioning Spent Fuel Management Site Restoration Total                                                                0                      0}}

Latest revision as of 01:41, 13 November 2019

Independent Spent Fuel and Monticello, Decommissioning Funding Status Reports
ML110871121
Person / Time
Site: Monticello, Prairie Island  Xcel Energy icon.png
Issue date: 03/28/2011
From: Molden J
Northern States Power Co, Xcel Energy
To:
Document Control Desk, Office of Nuclear Material Safety and Safeguards, Office of Nuclear Reactor Regulation
References
L-XE-11-007
Download: ML110871121 (7)
v • d • e


Text

/@ Xcel Energy" 414 Nicollet Mall - MP4 Minneapolis, MN 55401 March 28, 201 1 L-XE-11-007 10 CFR 50.75(f)(1)

U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555 Prairie Island Nuclear Generating Plant, Monticello Nuclear Generating Plant Units 1 and 2 Docket 50-263 Dockets 50-282, 50-306 Renewed License No. DPR-22 License Nos. DPR-42 and DPR-60 Prairie Island Independent Spent Fuel Storage Installation Docket 72-10 Materials License No. SNM-2506 Decommissioning Funding Status Reports The enclosed decommissioning funding status reports are being submitted in accordance with 10 CFR 50.75, "Reporting and Recordkeeping for Decommissioning Planning," Paragraph (f)(l), for the aforementioned plants with addition to Regulatory Issue Summary (RIS) 2001-'07 providing radiological decommissioning, spent fuel management, and site restoration cost segmentation. As holder of the plant operating licenses, Northern States Power Company, a Minnesota corporation (NSPM) d/b/a Xcel Energy is submitting these reports. The financial information presented herein, is current as of December 31, 2010.

Summarv of Commitments This letter contains no new commitments and no revisions to existing commitments.

U ~ a m e E. s Molden Vice President, Operations Support Northern States Power Company - Minnesota Enclosures (4) cc: Administrator, Region Ill, USNRC Project Managers, above listed plants, USNRC NRC Resident Inspectors, above listed plants, USNRC

ENCLOSURES Enclosure Plant Title 1 Prairie Island Nuclear Generating Decommissioning Funding Status Plant, Unit 1 (PI1) Report 2 Prairie Island Nuclear Generating Decommissioning Funding Status Plant, Unit 2 (P12) Report 3 Monticello Nuclear Generating Plant Decommissioning Funding Status (MNGP) Report 4 All Xcel Energy Breakdown of Annual Contributions and Trust Fund Balance (RIS 2001-07) 5 pages follow

ENCLOSURE I Prairie Island Nuclear Generating Plant, Unit 1 Docket No. 50-282 License No. DPR-42 Decommissioning Funding Status Report As provided in 10 CFR 50,75(f)(l), each power reactor licensee is required to report to the NRC on a calendar year basis beginning March 31, 1999, and every two years thereafter on the status of its decommissioning funding for each reactor or share of reactor it owns.

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c), in 2010 dollars.
2. The amount accumulated at the end of the calendar year External preceding the date of the report. Qualified $343,789,857 (See Enclosure 4 for segmentation of Radiological External Decommissioning, Spent Fuel Management, and Site Escrow $45,819,995 Restoration Trust Funds Balances).

Internal $631,467 Total $390,241,319

3. A schedule of the annual amounts remaining to be collected through rates from customers. Collect
4. Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.

Plant Owner (% Ownership) Rate of Earnings Escalation Real Rate of (Nominal Rate Of Factor Return Return) (Inflation) (Projected)

Xcel Energy (100%) - PlNGP Unit 1 6.30% 2.89% 3.41%

Basis for Allowance:

Xcel Energy files a triennial decommissioning study with the Minnesota Public Utilities Commission (MPUC) for approval. A portion of the study is dedicated to an internal analysis of inflation factors surrounding the various components necessary to perform the decommissioning function. The analysis utilizes long-range inflation projections published by Global Insight, the Consumer Price Index, and the Chained Price Index for Gross Domestic Product, as well as other forecasted data. Note: These rates apply to external funds only. The rate of earnings and escalation factors were approved by the MPUC in the most recent triennial decommissioning study completed by the company, MPUC Docket No. E002lM-08-1201, effective June 12, 2009.

The projected real rate of return of 3.41% would accumulate sufficient decommissioning funds by the current 201 3 end of license date.

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e) (1) (v). None
6. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None
7. Any material changes to trust agreements. None

ENCLOSURE 2 Prairie Island Nuclear Generating Plant, Unit 2 Docket 50-306 License DPR-60 Decommissioning Funding Status Report As provided in 10 CFR 50,75(f)(l), each power reactor licensee is required to report to the NRC on a calendar year basis beginning March 31, 1999, and every two years thereafter on the status of its decommissioning funding for each reactor or share of reactor it owns.

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c), in 2010 dollars.
2. The amount accumulated at the end of the calendar year External preceding the date of the report. Qualified $358,946,949 (See Enclosure 4 for segmentation of Radiological External Decommissioning, Spent Fuel Management, and Site Escrow $57,272,598 Restoration Trust Funds Balances).

Internal $918,249 Total $417,137,796

3. A schedule of the annual amounts remaining to be collected through rates on customers. Collect
4. Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.

( Plant Owner (% Ownership) Rate of Earnings ( Escalation 1 Real Rate of I (Nominal Rate Of Factor Return Return) (Inflation) (Projected)

Xcel Energy (100%)- PlNGP Unit 2 6.30% 2.89% 3.41%

Basis for Allowance:

Xcel Energy files a triennial decommissioning study with the Minnesota Public Utilities Commission (MPUC) for approval. A portion of the study is dedicated to an internal analysis of inflation factors surrounding the various components necessary to perform the decommissioning function. The analysis utilizes long-range inflation projections published by Global Insight, the Consumer Price Index, and the Chained Price Index for Gross Domestic Product, as well as other forecasted data. Note: These rates apply to external funds only. The rate of earnings and escalation factors were approved by the MPUC in the most recent triennial decommissioning study completed by the company, MPUC Docket No. E002lM-08-1201, effective June 12, 2009.

The projected real rate of return of 3.41% would accumulate sufficient decommissioning funds by the current 2014 end of license date.

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e) (1) (v). None
6. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None
7. Any material changes to trust agreements. None

ENCLOSURE 3 Monticello Nuclear Generating Plant Docket No. 50-263 License No. DPR-22 Decommissioning Funding Status Report As provided in 10 CFR 50.75(f)(I), each power reactor licensee is required to report to the NRC on a calendar year basis beginning March 31, 1999, and every two years thereafter on the status of its decommissioning funding for each reactor or share of reactor it owns.

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c), in 2010 dollars.
2. The amount accumulated for Radiological Decommissioning at External the end of the calendar year preceding the date of the report. Qualified $352,285,756 (See Enclosure 4 for segmentation of Radiological External Decommissioning, Spent Fuel Management, and Site Escrow $605,248 Restoration Trust Funds Balances).

Internal $0 Total $352,891,004

3. A schedule of the annual amounts remaining to be collected through rates from customers. Collect
4. Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.

Plant Owner (% Ownership) Rate of Earnings Escalation Real Rate of (Nominal Rate Of Factor Return Return) (Inflation) (Projected)

Xcel Energy (100%)- Monticello 6.30% 2.89% 3.41%

Basis for Allowance:

Xcel Energy files a triennial decommissioning study with the Minnesota Public Utilities Commission (MPUC) for approval. A portion of the study is dedicated to an internal analysis of inflation factors surrounding the various components necessary to perform the decommissioning function. The analysis utilizes long-range inflation projections published by Global Insight, the Consumer Price Index, and the Chained Price Index for Gross Domestic Product, as well as other forecasted data. Note: These rates apply to external funds only. The rate of earnings and escalation factors were approved by the MPUC in the most recent triennial decommissioning study completed by the company, MPUC Docket No. E002lM-08-1201, effective June 12, 2009.

The projected real rate of return of 3.41% would accumulate approximately $667 million in decommissioning funds by the 2030 end of license date.

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e) (1) (v). None
6. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None
7. Any material changes to trust agreements. None

ENCLOSURE 4 Prairie Island Nuclear Generating Plant (PINGP) Units 1 and 2 Dockets 50-282 and 50-306 Licenses Nos. DPR-42 and DPR-60 Monticello Nuclear Generating Plant (MNGP)

Docket 50-263 License No. DPR-22 Xcel Energy Breakdown of Annual Contributions and Trust Fund Balance The following table is the radiological decommissioning, spent fuel management, and site restoration segmentation of the trust fund balances for PINGP Units 1 and 2 and MNGP.

Trust FundBalances Prairie Island Unit 1 Radiological Decommissioning Spent Fuel Management Site Restoration Total Prairie Island Unit 2 Radiological Decommissioning Spent Fuel Management Site Restoration Total Monticello Radiological Decommissioning Spent Fuel Management Site Restoration Total

ENCLOSURE 4 cont.

The following annual contributions table shows the approximate accrual segmentation for radiological decommissioning, spent fuel management, and site restoration for PlNGP Units 1 and 2 for 2010. Currently, there are no contributions being made to MNGP or PlNGP Trust Funds for 201 1.

Annual Contributions Prairie Island Unit I Radiological Decommissioning Spent Fuel Management Site Restoration Total Prairie Island Unit 2 Radiological Decommissioning Spent Fuel Management Site Restoration Total Monticello Unit 1 Radiological Decommissioning Spent Fuel Management Site Restoration Total 0 0

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