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L s Boston Edison A BE C EN ERGY CO M PANY 10 CFR 50.75(f)(1) | |||
J.F. Alexander Nuclear Assessment Group Manager March 24,1999 BECo Ltr. 2.99.028 U.S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, DC 20555 Docket No. 50.293 License No. DPR-35 Pilarim Decommissionina Fundina Status Report In accordance with 10 CFR 50.75(f)(1), attached is the Boston Edison Company decommissioning funding assurance report for Pilgrim Nuclear Power Station. g Should you have any questions regarding the report, please contact Mr. Charles Minott of our Asset Management Group at (508) 830-7900. | |||
3 l | |||
xande 9904020202 990324 ) | |||
PDR ADOCK 05000293 4 I PDR ; | |||
JDK/cle 299028 Exhibit A: Boston Edison Company NRC Decommissioning Funding ; | |||
Assurance Report - March 31,1999 Exhibit B: Boston Edison Company Master Decommissioning Trust ! | |||
Agreement for Pilgrim, Nuclear Power Station a0020 ! | |||
l Pilgrim Nuclear Power Station, Rocky Hill Road, Plymouth, Massachusetts 02360 ; | |||
l l | |||
k j | |||
I i cc: Mr. Alan B. Wang, Project Manager Project Directorate 1-3 | |||
, Office of Nuclear Reactor Regulation Mail Stop: OWFN 8F2 U. S. Nuclear Regulatory Commission 1 White Flint North 11555 Rockville Pike Rockville, MD 20852 Senior Resident inspector i | |||
l | |||
) | |||
l | |||
4 *. | |||
EXHIBIT A - BECo LETTER 2.99.028 e Boston Edison Company NRC Decommissioning Funding Assurance Report - March 31, , | |||
1999 (5 pages) i P | |||
l l | |||
l 1 | |||
l m- . _ - _ . . . | |||
3 a ,, | |||
k Boston Edison Company NRC Decommissioning Funding Assurance Report March 31,1999 | |||
: 1. Decommissioning cost estimate per 10 CFR 50.75 (b) and (c) $328,131,580 See Exhibit A attached | |||
: 2. Amount accumulated at December 31,1998 (est.) $ 160,828,500 for items in 1. above | |||
: 3. Schedule of annual collections for items in 1. above Decommissioning Cost Annual Return on Total 10 CFR 50.75 Collections Assets Assets (b) and (c) 12/31/98 $160,828,500 $328,131,580 1999 $12,056,100 $ 8,342,828 181,227,428 337,975,527 l 2000 12,417,783 $9,371,816 203,017,026 348,114,793 2001 12,790,316 $ 10,470,609 226,277,952 358,558,237 2002 13,174,026 $11,643,248 251,095,226 369,314,984 1 2003 13,569,247 $12,893,992 277,558,466 380,394,434 2004 13,976,324 $ 14,227.331 305,762,121 391,806,267 l 2005 14,395,614 $ 15,647,996 335,805,732 403,560,455 2006 14,827,482 $ 17,160,974 367,794,187 415,667,268 I 2007 15,272,307 $ 18,771,517 401,838,011 428,137,286 2008 15,730,476 $20,485,162 438,053,650 440,981,405 2009 16,202,390 $22,307,742 476,563,782 454,210,847 l 2010 16,688,462 $24,245,401 517,497,645 467,837,173 l 2011 17,189,116 426,304,610 560,991,371 481,872,288 06/08/12 7,775,353 12,403,802 581,170,527 488,220,955 1 | |||
: 4. Assumptions l Decommissioning cost escalation 3% l Rate of earnings on decommissioning fund 5% ) | |||
MA Dept. of Telecommunications and Energy settlement i agreement schedule of collections applicable to items 1. above 5 Contracts As filed | |||
: 6. Modifications to funding atsurance methods None | |||
: 7. Trust Agreement and Amendment One Attached See Exhibit B attached m | |||
_ . .. _ > =_____ . _ .. _ ~ _ _ _ _ _ . _ _ _ _ , _ _ . . _ _ _ _ | |||
l e as : | |||
I l EXHIBIT A l 1998 BOSTON EDISON COMPANY < | |||
CALCULATION OF MINIMUM FINANCIAL ASSURANCE AMOUNT PILGRIM UNIT 1 l BWR UNIT The following is a calculation of the minimum amount required to demonstrate reasonable assurance of fund availability to decommission Pilgrim Unit 1, calculated under the NRC methodology set out at 10 CFR b ' 7 5(c). | |||
MASSACHUSETTS REGIONS I ABOR (L) = NORTHEAST L= 1,66 FROM APPENDIX 1 TO EXHIBIT A ENERGY (E) = NATIONAL E= 0.63 FROM APPENDIX 2 TO EXHIBIT A WAbTE BURIAL (B) = S. CAROL.INA B= 6.97 FROM APPENDIX 3 TO EXHIBIT A a) BWR ESCALATION FACTOR ESCALATION FACTOR = 0.65(L) + 0.13(E) + 0.22(B) | |||
= 0.65(1.66) + 0.13(0.63) + 0.22(6.97) | |||
= 2.69 I bl BASE AMOUNT FOR BWR BETWEEN 1200 MWt AND 3400 MWt ) | |||
BASE AMOUNT = $(104 + 0.009P) million | |||
= $(104 + 0.009(1,998)) million | |||
= $ 121,982,000 WHERE : | |||
P = POWER LEVEL OF UNIT IN MEGAWATTS THERMAL (PILGRIM = 1,998 Mwt) c) ESCALATED AMOUNT FOR UNIT ESCALATED AMOUNT = BASE AMOUNT X ESCAL ATION FACTOR | |||
= $121,982,000 X 2.69 | |||
= $ 328,131,580 l | |||
l i | |||
: a. .. | |||
l l APPENDIX 1 TO EXHIBIT A l LABOR ("L") ESCALATION FACTOR FOR DECEMBER 1998 ; | |||
l JANUARY 1986 REGION (BASE) DECEMBER 1998 L = DECEMBER 98 / BASE I | |||
i NORTHEAST 130.5 216.9 1.66 I l | |||
I VALUES USED IN THIS CHART WERE OBTAINED FROM TABLE 1 BY THE U.S. DEPARTMENT OF LABOR, EMPLOYMENT COST INDEX BUREAU OF LABOR STATISTICS (DECEMBER 1998) | |||
NORTHEAST REGION: | |||
JUNE 1981 = 100.0 (BASE INDEX PRIOR JUNE 1989) | |||
JUNE 1989 = 155.5 (EASE INDEX AFTER JUNE 1989) | |||
DECEMBER 1998 = 159.5 CONVERSION OF DECEMBER 1998 INDEX TO OLD INDEX: | |||
139.5 X 155.5/100 = 216.9 l | |||
I | |||
r-3- ... | |||
(APPENDIX 2 TO EXHIBIT A l ENERGY ("E*) ESCALATION FACTOR FOR DECEMBER 1998 | |||
' THE EQUATION FOR CALCULATING'THE ENERGY ESCALATION FACTOR IS AS FOLLOWS: | |||
(PER NRC REGULATORY GUIDE 1.159 (TASK DG-1003),SECTION 1.2, AUGUST 1990) | |||
BWR: E = 10.23P + 0.77F] | |||
; VALUES FOR P (electric power) and F (fuel oil) were ob't eined from'the | |||
',*' Producer Price Indexes," published by the U.S. Department of Labor, Burnu of Labor Statistics. P and F ere not divided into regional statistics; P for DECEMBER 1998 F for DECEMBER 1998 divided by divided by E REGION P for January 1986 F for January 1986 NATIONAL 127.5/114.2 - 1.12 39.2/82 = ' O.48 0.63 BUREAU OF LABOR STATISTICS | |||
==REFERENCE:== | |||
P= PPI0543 F='-PPI0573 4-1 | |||
J e, l APPENDIX 3 TO EXHIBIT A ,] | |||
l BWR WASTE BURIAL ("B") ESCALATION FACTOR | |||
*1*JREG 1307 REVISION 8 REGION 1998 COST /1986 COST BARNWELL ,SO. CAROLINA 6,968 I | |||
THE WASTE BURIAL ESCALATION FACTOR WAS OBTAINED FROM DATA IN i TABLE 2.1 OF | |||
* REPORT ON WASTE BURIAL CHARGES," NUREG 1307, REVISION | |||
^l 8 (DECEMBER,1998) WHICH IS THE MOST RECENT NRC REPORT. | |||
I I | |||
l l | |||
s ., - | |||
EXHIBIT B - BECo LETTER 2.99.028 e Boston Edison Company Master Decommissioning Trust Agreement for Pilgrim Nuclear Power Station (33 pages) . | |||
* Notary Statements: Marc Alpert and Theodora Convisser (1 page) | |||
. .- Notary Statements: Stephen Neis and Richard Barry (1 page) 1 | |||
; e Exhibit A to Trust Agreement (1 page) | |||
. Letter dated July 30,1998 from Robert Weafer to Ivor Finnegan RE: Boston Edison Company Decommissioning Trust (Revised Exhibit A to the Trust Agreement) (2 pages) y | |||
.* Certificate of authorization for trustee payment to payee (Exhibit B) (1 page) e First Amendment to the Boston Edison Company Master Decommissioning Trust Agreement for Pilgrim Nuclear Power Station (2 pages) i 4 | |||
d 4 | |||
g .! | |||
1. | |||
: d. l j | |||
.- - .}} |
Latest revision as of 02:37, 30 December 2020
ML20205D423 | |
Person / Time | |
---|---|
Site: | Pilgrim |
Issue date: | 03/24/1999 |
From: | Alexander J BOSTON EDISON CO. |
To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
Shared Package | |
ML20205D426 | List: |
References | |
BECO-2.99.028, NUDOCS 9904020202 | |
Download: ML20205D423 (9) | |
Text
_ .-- _ _ _ . _
L s Boston Edison A BE C EN ERGY CO M PANY 10 CFR 50.75(f)(1)
J.F. Alexander Nuclear Assessment Group Manager March 24,1999 BECo Ltr. 2.99.028 U.S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, DC 20555 Docket No. 50.293 License No. DPR-35 Pilarim Decommissionina Fundina Status Report In accordance with 10 CFR 50.75(f)(1), attached is the Boston Edison Company decommissioning funding assurance report for Pilgrim Nuclear Power Station. g Should you have any questions regarding the report, please contact Mr. Charles Minott of our Asset Management Group at (508) 830-7900.
3 l
xande 9904020202 990324 )
JDK/cle 299028 Exhibit A: Boston Edison Company NRC Decommissioning Funding ;
Assurance Report - March 31,1999 Exhibit B: Boston Edison Company Master Decommissioning Trust !
Agreement for Pilgrim, Nuclear Power Station a0020 !
l Pilgrim Nuclear Power Station, Rocky Hill Road, Plymouth, Massachusetts 02360 ;
l l
k j
I i cc: Mr. Alan B. Wang, Project Manager Project Directorate 1-3
, Office of Nuclear Reactor Regulation Mail Stop: OWFN 8F2 U. S. Nuclear Regulatory Commission 1 White Flint North 11555 Rockville Pike Rockville, MD 20852 Senior Resident inspector i
l
)
l
4 *.
EXHIBIT A - BECo LETTER 2.99.028 e Boston Edison Company NRC Decommissioning Funding Assurance Report - March 31, ,
1999 (5 pages) i P
l l
l 1
l m- . _ - _ . . .
3 a ,,
k Boston Edison Company NRC Decommissioning Funding Assurance Report March 31,1999
- 1. Decommissioning cost estimate per 10 CFR 50.75 (b) and (c) $328,131,580 See Exhibit A attached
- 2. Amount accumulated at December 31,1998 (est.) $ 160,828,500 for items in 1. above
- 3. Schedule of annual collections for items in 1. above Decommissioning Cost Annual Return on Total 10 CFR 50.75 Collections Assets Assets (b) and (c) 12/31/98 $160,828,500 $328,131,580 1999 $12,056,100 $ 8,342,828 181,227,428 337,975,527 l 2000 12,417,783 $9,371,816 203,017,026 348,114,793 2001 12,790,316 $ 10,470,609 226,277,952 358,558,237 2002 13,174,026 $11,643,248 251,095,226 369,314,984 1 2003 13,569,247 $12,893,992 277,558,466 380,394,434 2004 13,976,324 $ 14,227.331 305,762,121 391,806,267 l 2005 14,395,614 $ 15,647,996 335,805,732 403,560,455 2006 14,827,482 $ 17,160,974 367,794,187 415,667,268 I 2007 15,272,307 $ 18,771,517 401,838,011 428,137,286 2008 15,730,476 $20,485,162 438,053,650 440,981,405 2009 16,202,390 $22,307,742 476,563,782 454,210,847 l 2010 16,688,462 $24,245,401 517,497,645 467,837,173 l 2011 17,189,116 426,304,610 560,991,371 481,872,288 06/08/12 7,775,353 12,403,802 581,170,527 488,220,955 1
- 4. Assumptions l Decommissioning cost escalation 3% l Rate of earnings on decommissioning fund 5% )
MA Dept. of Telecommunications and Energy settlement i agreement schedule of collections applicable to items 1. above 5 Contracts As filed
- 6. Modifications to funding atsurance methods None
- 7. Trust Agreement and Amendment One Attached See Exhibit B attached m
_ . .. _ > =_____ . _ .. _ ~ _ _ _ _ _ . _ _ _ _ , _ _ . . _ _ _ _
l e as :
I l EXHIBIT A l 1998 BOSTON EDISON COMPANY <
CALCULATION OF MINIMUM FINANCIAL ASSURANCE AMOUNT PILGRIM UNIT 1 l BWR UNIT The following is a calculation of the minimum amount required to demonstrate reasonable assurance of fund availability to decommission Pilgrim Unit 1, calculated under the NRC methodology set out at 10 CFR b ' 7 5(c).
MASSACHUSETTS REGIONS I ABOR (L) = NORTHEAST L= 1,66 FROM APPENDIX 1 TO EXHIBIT A ENERGY (E) = NATIONAL E= 0.63 FROM APPENDIX 2 TO EXHIBIT A WAbTE BURIAL (B) = S. CAROL.INA B= 6.97 FROM APPENDIX 3 TO EXHIBIT A a) BWR ESCALATION FACTOR ESCALATION FACTOR = 0.65(L) + 0.13(E) + 0.22(B)
= 0.65(1.66) + 0.13(0.63) + 0.22(6.97)
= 2.69 I bl BASE AMOUNT FOR BWR BETWEEN 1200 MWt AND 3400 MWt )
BASE AMOUNT = $(104 + 0.009P) million
= $(104 + 0.009(1,998)) million
= $ 121,982,000 WHERE :
P = POWER LEVEL OF UNIT IN MEGAWATTS THERMAL (PILGRIM = 1,998 Mwt) c) ESCALATED AMOUNT FOR UNIT ESCALATED AMOUNT = BASE AMOUNT X ESCAL ATION FACTOR
= $121,982,000 X 2.69
= $ 328,131,580 l
l i
- a. ..
l l APPENDIX 1 TO EXHIBIT A l LABOR ("L") ESCALATION FACTOR FOR DECEMBER 1998 ;
l JANUARY 1986 REGION (BASE) DECEMBER 1998 L = DECEMBER 98 / BASE I
i NORTHEAST 130.5 216.9 1.66 I l
I VALUES USED IN THIS CHART WERE OBTAINED FROM TABLE 1 BY THE U.S. DEPARTMENT OF LABOR, EMPLOYMENT COST INDEX BUREAU OF LABOR STATISTICS (DECEMBER 1998)
NORTHEAST REGION:
JUNE 1981 = 100.0 (BASE INDEX PRIOR JUNE 1989)
JUNE 1989 = 155.5 (EASE INDEX AFTER JUNE 1989)
DECEMBER 1998 = 159.5 CONVERSION OF DECEMBER 1998 INDEX TO OLD INDEX:
139.5 X 155.5/100 = 216.9 l
I
r-3- ...
(APPENDIX 2 TO EXHIBIT A l ENERGY ("E*) ESCALATION FACTOR FOR DECEMBER 1998
' THE EQUATION FOR CALCULATING'THE ENERGY ESCALATION FACTOR IS AS FOLLOWS:
(PER NRC REGULATORY GUIDE 1.159 (TASK DG-1003),SECTION 1.2, AUGUST 1990)
BWR: E = 10.23P + 0.77F]
- VALUES FOR P (electric power) and F (fuel oil) were ob't eined from'the
',*' Producer Price Indexes," published by the U.S. Department of Labor, Burnu of Labor Statistics. P and F ere not divided into regional statistics; P for DECEMBER 1998 F for DECEMBER 1998 divided by divided by E REGION P for January 1986 F for January 1986 NATIONAL 127.5/114.2 - 1.12 39.2/82 = ' O.48 0.63 BUREAU OF LABOR STATISTICS
REFERENCE:
P= PPI0543 F='-PPI0573 4-1
J e, l APPENDIX 3 TO EXHIBIT A ,]
l BWR WASTE BURIAL ("B") ESCALATION FACTOR
- 1*JREG 1307 REVISION 8 REGION 1998 COST /1986 COST BARNWELL ,SO. CAROLINA 6,968 I
THE WASTE BURIAL ESCALATION FACTOR WAS OBTAINED FROM DATA IN i TABLE 2.1 OF
- REPORT ON WASTE BURIAL CHARGES," NUREG 1307, REVISION
^l 8 (DECEMBER,1998) WHICH IS THE MOST RECENT NRC REPORT.
I I
l l
s ., -
EXHIBIT B - BECo LETTER 2.99.028 e Boston Edison Company Master Decommissioning Trust Agreement for Pilgrim Nuclear Power Station (33 pages) .
- Notary Statements: Marc Alpert and Theodora Convisser (1 page)
. .- Notary Statements: Stephen Neis and Richard Barry (1 page) 1
- e Exhibit A to Trust Agreement (1 page)
. Letter dated July 30,1998 from Robert Weafer to Ivor Finnegan RE: Boston Edison Company Decommissioning Trust (Revised Exhibit A to the Trust Agreement) (2 pages) y
.* Certificate of authorization for trustee payment to payee (Exhibit B) (1 page) e First Amendment to the Boston Edison Company Master Decommissioning Trust Agreement for Pilgrim Nuclear Power Station (2 pages) i 4
d 4
g .!
1.
- d. l j
.- - .