TMI-13-007, Decommissioning Funding Status Report: Difference between revisions

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| issue date = 03/29/2013
| issue date = 03/29/2013
| title = Decommissioning Funding Status Report
| title = Decommissioning Funding Status Report
| author name = Pace D L
| author name = Pace D
| author affiliation = GPU Nuclear, Inc
| author affiliation = GPU Nuclear, Inc
| addressee name =  
| addressee name =  
Line 16: Line 16:


=Text=
=Text=
{{#Wiki_filter:TT'UCI.EAfr GPU Nuclear, Inc.Three Mile lslandNuclear StationRoute 441 SouthPost Office Box 480 Middletown, PA 1 7057-0480 Tel 717-948-846110 cFR 50.75 10 cFR 50.82 March 29,2013 TMt-13-007 ATTN: Document Control DeskU.S. Nuclear Regulatory Commission Washington, D.C. 20555-0001
{{#Wiki_filter:GPUNuclear,Inc.
ThreeMilelsland Nuclear Station TT'UCI.EAfr                                                       Route441South PostOfficeBox480 Middletown,PA17057-0480 Tel717-948-8461 March29,2013 TMt-13-007                                                             10 cFR 50.75 1 0c F R 5 0 . 8 2 ATTN:DocumentControlDesk U.S.NuclearRegulatory  Commission Washington,   D.C.20555-0001


==SUBJECT:==
==SUBJECT:==
Three Mile lsland Nuclear Station, Unit 2 Docket No. 50-320, License No. DPR-73 Decommissioning Fundinq Status Report for the Three Mile lsland Nuclear Station.Unit 2 Pursuant to 10 CFR 50.75(f)(1) and 10 CFR 50.82(aX8Xv), GPU Nuclear, Inc. is hereby submitting a Decommissioning Funding Status Report for Three Mile lsland Nuclear Station, Unit 2for the yearending December 31,2012.
 
The report contains an analysis based on a site specific decommissioning cost study, an analysis based on the Nuclear Regulatory Commission (NRC) formula described in 10 CFR 50.75(b) and (c), and a financial assurance status as required by 10 CFR 50.82(aXBXv).
ThreeMilelslandNuclearStation,Unit2 DocketNo.50-320,LicenseNo.DPR-73 Decommissioning   FundinqStatusReportfor the ThreeMilelslandNuclearStation.
There are no regulatory commitments contained in this letter. lf there are any questions or if additional information is required, please contact Mr. Thomas A. Lentz, Manager  
Unit2 Pursuant to 10 CFR50.75(f)(1)and 10 CFR50.82(aX8Xv),     GPUNuclear,     Inc.is hereby submitting a Decommissioning FundingStatusReportfor ThreeMilelslandNuclear Station,Unit2for the yearendingDecember    31,2012.The reportcontainsan analysis basedon a sitespecificdecommissioning  coststudy,an analysisbasedon the Nuclear Regulatory Commission (NRC)formuladescribed  in 10 CFR50.75(b)and(c),anda financialassurance statusas required by 10 CFR50.82(aXBXv).
-FirstEnergy Nuclear Operating Company Fleet Licensing, at (330) 315-6810.Danny L. Pace President  
Thereare no regulatory commitments   containedin this letter. lf thereare anyquestionsor if additional         is required,pleasecontactMr.ThomasA. Lentz,Manager-information FirstEnergy NuclearOperating CompanyFleetLicensing,   at (330)315-6810.
Sincerely, DannyL. Pace President


==Attachment:==
==Attachment:==


Decommissioning Funding Status Report Three Mile lsland Nuclear Station, Unit 2 As of December 31 , 2012cc: NRC Region lAdministratorNRC Project ManagerNRC Resident Inspector Sincerely, Attachment TMI-13-007Decommissioning Funding Status ReportThree Mile lsland Nuclear Station, Unit 2 As of December 31.20'12Page 1 of 15 Decommissioninq Analvsis Based on Site Specific Decommissioninq Cost Studv1 . Decommissioning funds estimated to be required pursuant to '10 CFR 50.75(b) and (c)are based upon a site specific decommissioning cost study, Decommissioning CostAnalysis for Three Mile lsland Unit 2, dated January 2009, and escalated to 201 2 dollars:
Decommissioning   FundingStatusReportThreeMilelslandNuclearStation,Unit2 As of December31, 2012 cc: NRCRegionlAdministrator NRCProjectManager NRCResidentInspector
Radiological Non-Radiological FirstEnergy Corp. Consolidated
 
$909,407,166 34,520,080
Attachment TMI-13-007 Decommissioning    Funding StatusReport ThreeMilelslandNuclear    Station,Unit2 As of December   31.20'12 Page1 of 15 Decommissioninq   Analvsis Basedon SiteSpecific  Decommissioninq   CostStudv
$943.927.246 2.The estimated total decommissioning costs escalated to future year dollars (2034 - 2054)is $2,552,867,000.
: 1. Decommissioning   fundsestimated    to be required pursuant to '10CFR50.75(b)   and(c) arebasedupona sitespecificdecommissioning        coststudy,Decommissioning   Cost Analysisfor ThreeMilelslandUnit2, datedJanuary2009,andescalated          to 2012 dollars:
The amount accumulated in external trust funds as of December 31 , 2012:After Tax Metropolitan Edison Company
Radiological                                   $909,407,166 Non-Radiological                                  34,520,080 FirstEnergyCorp. Consolidated                  $943.927.246 The estimatedtotaldecommissioning      costsescalated to futureyeardollars(2034- 2054) is $2,552,867,000.
$323,877,865 Pennsylvania Electric Company 173,233,628Jersey Central Power & Light Company 200,294,017 FirstEnergy Corp. Consolidated  
2 . The amountaccumulated    in externaltrustfundsas of December31, 2012:
$697,405,510 There are no longer any funds to be collected from the ratepayers.The assumptions used regarding escalation in decommissioning cost, rates of earningson decommissioning funds, and rates of other factors used in funding projections:
AfterTax Metropolitan   EdisonCompany                    $323,877,865 Pennsylvania   ElectricCompany                  173,233,628 JerseyCentralPower& LightCompany                  200,294,017 FirstEnergy   Corp.Consolidated                 $697,405,510 3 . Thereare no longeranyfundsto be collected     fromthe ratepayers.
Consolidated Ownership Interest in Unit 100%Estimated Rate of Escalation in Decommissioning Costs 2.81o/o Estimated Net Investment Rate 2.00o/o Estimated After-Tax Rate of Return 4.810/o Year of Site Restoration Completion 2054Dormancy Period Early 2034 - Mid-2043 Year of Three Mile lsland Nuclear Station, Unit 1 Operating 2034License Termination An additional assumption is that the decommissioning activities for Three Mile lsland NuclearStation, Unit 2 will be synchronized with those of Three Mile lsland Nuclear Station, Unit 1 suchthat the licenses for both units will be terminated concurrently.There are no contracts upon which the owners/licensees are relying pursuant to10 cFR 50.75(e)(1)(v).
4 . The assumptions usedregarding  escalation in decommissioning   cost,ratesof earnings on decommissioning   funds,and ratesof otherfactorsusedin fundingprojections:
There are no modifications to the licensee's current method of providing financial assurance since the last submitted report.3.4.5.6.
Consolidated   Ownership   Interestin Unit                                 100%
Attachment TMr-13-007 Page 2 of 15 7.8.There were no amendments to the trust agreements for the above-mentioned owners ofThree Mile lsland Nuclear Station, Unit 2.Schedules 1 through 3 each contain an analysis of funding earnings and withdrawals forthe three owners of Three Mile lsland Nuclear Station, Unit 2; Metropolitan EdisonCompany, Pennsylvania Electric Company, and Jersey Central Power & Light Company;respectively.
EstimatedRateof Escalation     in Decommissioning Costs                 2.81o/o EstimatedNet Investment     Rate                                         2.00o/o EstimatedAfter-TaxRateof Return                                           4.810/o Yearof SiteRestoration    Completion                                       2054 DormancyPeriod                                              Early 2034 - Mid-2043 Yearof ThreeMilelslandNuclearStation,Unit1 Operating                       2034 License  Termination An additionalassumption  isthatthedecommissioning    activitiesforThreeMilelslandNuclear Station, Unit2 willbe synchronized   withthoseof ThreeMilelslandNuclear      Station,Unit1 such thatthelicenses for bothunitswillbeterminated    concurrently.
Schedule 4 contains a consolidated analysis for FirstEnergy Corp.
5 . Therearenocontracts    uponwhichtheowners/licensees       arerelyingpursuant  to 10cFR 50.75(e)(1)(v).
Mathematical rounding was performed during the development of the supporting calculations.
6 . Thereareno modifications   to the licensee's currentmethodof providing   financial assurance sincethe lastsubmitted    report.
: 10.  
 
Attachment TMr-13-007 Page2 of 15 7 . Therewereno amendments     to the trustagreementsfor the above-mentioned ownersof ThreeMilelslandNuclearStation,Unit2.
8 . Schedules1 through3 eachcontainan analysisof fundingearningsandwithdrawals    for thethreeownersof ThreeMilelslandNuclearStation,Unit2; Metropolitan     Edison Company, Pennsylvania ElectricCompany, andJerseyCentralPower& LightCompany; respectively. Schedule4 containsa consolidated analysisfor FirstEnergyCorp.
9 . Mathematical roundingwas performed duringthe development of the supporting calculations.
10.


==References:==
==References:==


Decommissioning Cosf Analysis for Three Mile lsland Unit 2, dated January 2009*Financial Escalation Analysis for the Decommissrbning of Three Mile lslandUnit 2, dated May 2009**Previously provided in GPU Nuclear, Inc. letter to Nuclear Regulatory Commission (NRC), dated March 29,2010,  
A. Decommissioning   Cosf Analysisfor ThreeMilelslandUnit2, dated January2009*
B . FinancialEscalationAnalysisfor the Decommissrbning of ThreeMilelsland Unit2, datedMay2009*
      *Previously providedin GPUNuclear,Inc.letterto NuclearRegulatory  Commission (NRC),datedMarch29,2010,


==Subject:==
==Subject:==
Decommissioning Funding Status Report forthe Three Mile lsland Nuclear Station, Unit 2 (Accession No. M1100960464) 9.A.B.
Decommissioning         FundingStatusReportfor the ThreeMilelslandNuclearStation,Unit2 (Accession     No.M1100960464)
Attachment TMr-13-007 Page 3 of 15 Estimated Net Investment Rate Estimated Escalation Rate Estimated After-Tax Rate of Return Qualified Trust Balance on December 31
,2012 Non- Qualified Trust Balance on December 31 ,2012 Schedule 1 Metropolitan Edison Company Reflects 50% ownership in Three Mile lsland Nuclear Station, Unit 2 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2426 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 Beginning Balance 323,877,865 339,456,390 355,784,243 372,897,465 390,833,833 409,632,940
 
429,336,295 449,997,360 471 ,631 ,752 494,317,239 518,093,899 543,014,215 569,133,199 596,508,505 625,200,565 655,272,712 686,791,329 719,925,992 754,449,622 790,738,649 828,773,178 869,637,169
 
909,105,871 950,916,888
 
994,679,798 1,040,496,347 1,088,458,502
 
1 ,138,667,371 1 ,191 ,223,160 1 ,246,248,714 1,303,854,966 1,301 ,218,734 1,254,058,708
 
1,186,072J02 Deposits:: Total Earningsl 15,578,525 16,327,852 17,113,222 17,936,368 18,799,107
 
19,703,344 20,651,075 21,644,392 22,685,487 23,776,659 24,920,317 26,118,984 27,375,307 28,692,059 30,072,147 31 ,518,617 33,034,663 34,623,630 36,289,027 38,034,529 39,863,990 41,721 ,203 43,640,017 45,648,410 47 ,751,049 49,952,155 52,256,369 54,668,289
 
57,193,553 59,837,252 59,716,269 57,551,974 54,431 ,894 50,985,019 After-Tax 2.00%2.81o/o 4.81o/o 323,877,865 323,877,865 Withdrawals2'3
::: (1,252,500)
(1,829,000)
(1,885,500)
 
(1,934,500)
 
(1,990,000)
(2,047,500)
 
(2,112,500 (2,168,000 (2,231,000 (62,352,500 (104,712,000 (122,418,500
 
(126,092,500 Pre-Tax Equivalent 6.03%Ending Balancea 339,456,390 355,794,243 372,897,465
 
390,833,933 409,632,940
 
429,336,285 449,987,360 471 ,631 ,7 52 494,317,239 518,093,898
 
543,014,215569,1 33,1 99 596,508,505 625,200,565 655,272,712 686,791,329 719,825,992
 
754,449,622 790,738,649 828,773,178 868,637,168 909,105,871 950,916,888
 
994,679,798 1,040,496,347
 
1,088,458,502
 
1,138,667,371 1,191,223,160 1,246,248,714 1,303,854,966 1,301 ,218,734 1,254,058,708 1 ,186,072,102 1,110,964,621 Attachment TMt-13-007Page 4 of 15 2047 2048 2049 2050 2051 2052 2053 2054 Total Note 1: Note 2: Note 3: Note.4: 1,110,964,621
 
1,028,273,743 937,123,234 950,430,692 761,581,094 664,514,364 573,979,629 544,591,946 47,190,122 43,006,991 39,028,447 34,950,912 30,496,270 26,336,764 24,992,718
 
24,702,205 (129,881,000 (134,157,500
 
(125,721 ,000 (123,800,500 (127,563,000 (116,972,500 (54,279,500
 
(31,032,500 1,029,273,743 937,123,234 950,430,682 761,581,094 664,514,364 573,878,628 544,591,846
 
538,261,550 (1,276,433,500)
The earnings are calculated using the estimated after-tax rate of return.The withdrawals are Metropolitan Edison Company's share of the total decommissioning expenditures contained in the Financial Escalation Analysis for the Decommissioning of Three Mile lsland Unit 2, dated May 2009 (Reference B). The expenditures are assumed to be made at the beginning of the year.The estimated escalation rate has been applied to the withdrawals.
Mathematical rounding was performed during the development of the supporting calculations.
Attachment TMt-13-007 Page 5 of 15 Estimated Net lnvestment Rate Estimated Escalation Rate Estimated After-Tax Rate of Return Qualified Trust Balance on December 31
,2012 Non-Qualified Trust Balance on December 31 ,2012 Schedule 2 Pennsylvania Electric Company Reffects 25% ownership in Three Mile lsland Nuclear Station, Unit 2 After-Tax 2.00o/o 2.81o/o 4.81o/o 173,232,542 Pre-Tax Equivalent 6.03%Ending.Balancea 181,566,166 190,299,498 199,452,904 209,046,589 219,101,730 229,640,523 240,686,232 252,263,240 264,397,101 277,114,602 290,443,814 304,414,162 319,056,483
 
334,403,100
 
350,487,889 367,346,356
 
385,015,716 403,534,972 422,945,004
 
443,288,659 464,610,843
 
486,302,252 508,734,903 532,216,956 556,802,817 582,542,173 609,489,459 637,698,846 667,236,020
 
698,160,917
 
699,066,630
 
677,817,411 646,267,014
 
611,273,682 1.086 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 Beginning Balance 173,233,629 181,566,166 1g0,2gg,4gg 199,452,904 209,046,599 219,101,730 229,640,523 240,696,232 252,263,240 264,397,101 277,114,602 290,443,914 304,414,162 319,056,493 334,403,100
 
350,487,999 367,346,356 385,015,716 403,534,972 422,945,004
 
443,299,659 464,610,943
 
496,302,252 508,734,903 532,216,956 556,802,917 582,542,173 609,499,459 637,698,846 667,236,020 699,160,917
 
699,066,630 677,817,411 646,267,014 Deposits Total Earningsl 8,332,538 8,733,333 9,153,406 9,593,685 10,055,141 10,538,793 11,045,709 11,577,008 12,133,862 12,717,541 13,329,212 13,970,347 14,642,321 15,346,617 16,084,789 16,858,467
 
17,669,360 18,519,256 19,410,032 20,343,655
 
21,322,184
 
22,317,659 23,347,151 24,424,80325,553,1 11 26,734,356 27,971,036 29,265,637
 
30,621,174 32,040,397 32,081,962
 
31,106,781 29,658,853 28,052,919 173,233,628 Withdrawals2'3
:: (626,250 (914,500 (942,750 (967,250 (995,000 (1,023,750 (1,056,250
 
(1,084,000 (1,115,500 (31 ,176,250 (52,356,000
 
(61,209,250 (63,046,250 Attachment TMr-13-007 Page 6 of 15 2047 2048 2049 2050 2051 2052 2053 2054 Total Note 1: Note 2: 611,273,692 572,611,909
 
529,849,199 489,450,955 448,115,789 402,820,768 360,997,009 349,910,993 26,278,626 24,316,140 22,462,156 20,565,184 18,486,479 16,562,490 16,053,724 16,079,577 (64,940,500
 
(67,078,750 (62,860,500
 
(61,900,250 (63,781,500
 
(58,486,250
 
(27,139,750 (15,516,250 572,611,808
 
529,849,199 489,450,855 448,115,789 402,820,768 360,897,009 349,810,983 350,374,309 Note 3: Note 4: (638,216,750)
The earnings are calculated using the estimated after-tax rate of return.The withdrawals are Pennsylvania Electric Company's share of the total decommissioning expenditures contained in the Financial Escalation Analysis for the Decommissioning of Three Mile lsland Unit 2, dated May 2009 (Reference B). The expenditures are assumed to be made at the beginning of the year.The estimated escalation rate has been applied to the withdrawals.
Mathematical rounding was performed during the development of the supporting calculations.
Attachment TMt-13-007 Page 7 of 15 Estimated Net Investment Rate Estimated Escalation Rate Estimated After-Tax Rate of Return Qualified Trust Balance on December 31 ,2012 Non-Quafified Trust Balance on December 31
,2012 Beginning Year Balance Deposits Schedule 3R efl e ct s r "Jil".?,:^iJ il"ffi lil ,l il : il i,il ::11, ",, o n, U n i t 2 After-Tax 2.00o/o 2.81o/o 4.81%200,293,019 998 Pre-Tax Equivalent 6.03%2013 2014 2015 2016 2017 2018 201 I 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 200,294,017 209,928,159 22A,025,704 230,608,940 241,701,230
 
253,327,059 265,512,091 279,293,222 291,669,645 305,697,907 320,401,976 335,813,312
 
351,965,932 368,895,493 386,639,366 405,236,720 424,729,606 445,159,052 466,570,154 489,012,179 512,533,665 537,186,534 562,369,934
 
588,460,297 615,777,131 644,382,236 674,334,162 705,696,643 738,533,595 772,920,921 808,929,26281 5,1 62,932 799,497,945 773,900,391 Total Earningsl 9,634,142 10,097,544 10,583,236 11,092,290
 
11,625,829 12,195,032 12,771,132 13,385,423 14,029,262
 
14,704,069
 
15,411,335 16,152,620 16,929,561 17,743,873
 
18,597,354 19,491,886 20,429,446
 
21,412,102 22,442,024 23,521,486 24,652,869
 
25,808,550
 
27,005,953 28,259,594
 
29,572,355 30,946,926 32,386,231 33,893,203 35,471,326 37,123,841
 
37,409,920 36,691,013 35,511,686 34,187,274 200,294,017 Withdrawals2'3 Ending Balancea 209,928,159 220,025,704 230,608,940 241,741,234 253,327,059 265,512,091
 
278,283,222 291,668,645 305,697,907 320,401,976 335,813,312 351,965,932
 
368,895,493 386,639,366 405,236,720
 
424,728,606 445,158,052
 
466,570,154 489,012,179 512,533,665 537,186,534 562,368,834
 
588,460,287 615,777,131 644,382,236
 
674,334,162 705,696,643 738,533,595 772,920,921 908,929,262 81 5,1 62,932 799,497,945 773,800,381 744,941,405
: (626,250 (914,500 (942,7 50 (967,250 (995,000 (1,023,750 (1,056,250 (1,084,000
 
(1,115,500 (31 ,1 76,250 (52,356,000 (61,209,250 (63,046,250 Attachment TMr-13-007 Page 8 of 15 2047 744,941,405 2048 712,709,949 2049 676,695,011 2050 643,349,470 2051 609,416,929 2052 571,990,492 2053 539,099,505 2054 535,525,390 TotalNote 1: Note 2: Note 3: Note 4: 32,708,044 31,054,813 29,524,959 27,967,707 26,245,064 24,694,263 24,576,635 25,012,440 (64,940,500) 712,708,949 (67,078,750) 676,685,011 (62,860,500) 643,349,470 (61,900,250) 609,416,928 (63,781,500) 571,880,492 (58,486,250) 538,088,505 (27,139,750) 535,525,390(15,516,250) 545,021
,579 (638,216,750)
The earnings are calculated using the estimated after-tax rate of return.
The withdrawals are Jersey Central Power & Light Company's share of the total decommissioning expenditures contained in the Financial Escalation Analfts for the Decommissioning of Three Mile lsland Unit 2, dated May 2009 (Reference B). The expenditures are assumed to be made at the beginning of the year.The estimated escalation rate has been applied to the withdrawals.
Mathematical rounding was performed during the development of the supporting calculations Attachment TMt-13-007 Page 9 of 15 Schedule 4FirstEnergy Gorp. ConsolidatedThree Mile lsland Nuclear Station, Unit 2Estimated Net Investment Rate Estimated Escalation Rate Estimated After-Tax Rate of Return Qualified Trust Balance on December 31 ,2012 Non-Qualified Trust Balance on December 31 ,2012 Beginning Balance 697,405,510 730,950,715 766,109,444 802,959,309
 
941,591,651 882,061,729 g24,4gg,ggg 968,956,914 1,015,563,637 1,064,412,249 1,115,610,477 1,169,271,341 1,225,513,292 1,284,460,492 1,346,243,031
 
1,410,997,321
 
1,478,866,292 1,549,999,760 1,624,554,749
 
1,702,695,932
 
1,784,595,502 1,870,434,545 1,957,776,957 2,A48,112,079 2,142,67 3,994 2,241,681,399
 
2,345,334,936
 
2,453,853,473
 
2,567,455,602 2,686,405,655 2,810,945,145 2,815,448,296 2,731,374,064 2,606,139,497 Deposits: Total Earningsl 33,545,205 35,158,729 36,849,864 38,622,343 40,480,077 42,427,169 44,467,916 46,606,823 48,848,611 51,198,229 53,660,864 56,241,951 58,947,189 61,782,549
 
64,754,290 67,968,971 71,133,469
 
74,554,988 78,141,083 81,999,670 85,839,044 89,847,411 93,993,122 98,332,806 102,876,515 107,633,437 112,613,636 117,927,130 123,286,053 129,001,490 129,208,151
 
125,349,769
 
119,602,433 113,225,211 After-Tax 2.00%
2.81%4.81%697,403,426 2.084 697,405,510 Withdrawals2'3
.: i,sos,oool 3,658,000) 3,771,000) 3,969,000) 3,980,000) 4,095,000) 4,225,000) 4,336,000)
 
4,462,000)
(124,705,000)
 
(209,424,000)
(244,837,000)
(252,185,000)
Pre-Tax Equivalent 6.03%Ending Balancea 730,950,715 766,1 09,444 802,959,309


841,581,651 882,061,729 924,488,898 968,956,814 1,015,563,637
Attachment TMr-13-007 Page3 of 15 Schedule1 MetropolitanEdisonCompany Reflects50%ownership      in ThreeMilelslandNuclearStation,Unit2 Pre-Tax After-Tax      Equivalent EstimatedNetInvestment Rate                                            2.00%
EstimatedEscalationRate                                                2.81o/o EstimatedAfter-TaxRateof Return                                        4.81o/o      6.03%
TrustBalance Qualified            on December 31,2012                              323,877,865 Non-QualifiedTrustBalance on December 31,2012 Total                323,877,865 Beginning                                                            Ending Year          Balance        Deposits      Earningsl          Withdrawals2'3  Balancea 2013          323,877,865                      15,578,525                        339,456,390 2014          339,456,390                      16,327,852                        355,794,243 2015          355,784,243                      17,113,222                          372,897,465 2016          372,897,465                      17,936,368                          390,833,933 2017          390,833,833                      18,799,107                          409,632,940 2018          409,632,940                      19,703,344                          429,336,285 2019          429,336,295        :            20,651,075              :          449,987,360 2020          449,997,360                      21,644,392                          471,631,752 2021          471,631,752                      22,685,487                          494,317,239 2022          494,317,239                      23,776,659                          518,093,898 2023          518,093,899                      24,920,317              :          543,014,215 2024          543,014,215                      26,118,984                          569,133,199 2025          569,133,199        :            27,375,307                          596,508,505 2426          596,508,505                      28,692,059                          625,200,565 2027          625,200,565                      30,072,147                          655,272,712 2028          655,272,712                      3 1, 5 1 8 , 6 1 7                  686,791,329 2029          686,791,329                      33,034,663                          719,825,992 2030          719,925,992                      34,623,630                          754,449,622 2031          754,449,622                      36,289,027                          790,738,649 2032          790,738,649                      38,034,529            :            828,773,178 2033          828,773,178                      39,863,990                          868,637,168 2034          869,637,169                      41,721  ,203        (1,252,500)  909,105,871 2035          909,105,871                      43,640,017            (1,829,000)  950,916,888 2036          950,916,888                      45,648,410            (1,885,500)  994,679,798 2037          994,679,798                      47,751,049            (1,934,500) 1,040,496,347 2038        1,040,496,347                      49,952,155            (1,990,000) 1,088,458,502 2039        1,088,458,502                      52,256,369            (2,047,500) 1,138,667,371 2040        1,138,667,371                      54,668,289            (2,112,500  1,191,223,160 2041        1,191,223,160                      57,193,553            (2,168,000  1,246,248,714 2042        1,246,248,714                      59,837,252            (2,231,000  1,303,854,966 2043        1,303,854,966                      59,716,269          (62,352,500  1,301,218,734 2044        1,301,218,734                      57,551,974          (104,712,000  1,254,058,708 2045        1,254,058,708                      54,431  ,894      (122,418,500  1,186,072,102 2046        1,186,072J02                      50,985,019          (126,092,500  1,110,964,621


1,064,412,248 1,115,610,477 1,169,271,341 1,225,513,292 1,294,460,482 1,346,243,031 1 ,410,997 ,321 1,479,866,292 1,549,999,760
Attachment TMt-13-007 Page4 of 15 2047      1,110,964,621                  47,190,122    ( 1 2 9 , 8 8 1 , 0 0 0 1,029,273,743 2048      1,028,273,743                  43,006,991    (134,157,500            937,123,234 2049        937,123,234                  39,028,447    (125,721    ,000        950,430,682 2050        950,430,692                  34,950,912    (123,800,500            761,581,094 2051        761,581,094                  30,496,270    (127,563,000            664,514,364 2052        664,514,364                  26,336,764    (116,972,500            573,878,628 2053        573,979,629                    24,992,718      (54,279,500            544,591,846 2054        544,591,946                  24,702,205      (31,032,500            538,261,550 Total                                                  (1,276,433,500)
Note1: The earningsare calculatedusingthe estimatedafter-taxrateof return.
Note2: Thewithdrawals  are MetropolitanEdisonCompany's  shareof the total decommissioning expenditurescontainedin the FinancialEscalation        Analysisfor the Decommissioning of ThreeMile lslandUnit2, datedMay2009(ReferenceB). The expendituresareassumedto be madeat the beginning  of theyear.
Note3: The estimatedescalation ratehasbeenappliedto the withdrawals.
Note.4:Mathematical  roundingwas performed duringthe development      of the supporting calculations.


1,624,554,749 1,702,695,832 1,784,595,502 1,870,434,545 1,957 ,776,957 2,048,112,0782,142,67 3,884 2,241,681,399
Attachment TMt-13-007 Page5 of 15 Schedule2 PennsylvaniaElectricCompany Reffects25%ownership    in ThreeMilelslandNuclearStation,Unit2 Pre-Tax After-Tax    Equivalent EstimatedNetlnvestment Rate                                          2.00o/o EstimatedEscalationRate                                              2.81o/o EstimatedAfter-TaxRateof Return                                      4.81o/o      6.03%
TrustBalance Qualified            on December 31,2012                            173,232,542 Non-Qualified TrustBalance on December 31,2012                              1.086 Total                173,233,628 Beginning                                                            Ending.
Year          Balance          Deposits      Earningsl        Withdrawals2'3  Balancea 2013          173,233,629                      8,332,538                        181,566,166 2014          181,566,166                      8,733,333                        190,299,498 2015          1g0,2gg,4gg                      9,153,406                        199,452,904 2016            199,452,904                      9,593,685                        209,046,589 2017          209,046,599                      10,055,141                        219,101,730 2018          219,101,730                      10,538,793                        229,640,523 2019          229,640,523                      11,045,709              :        240,686,232 2020          240,696,232                      11,577,008                        252,263,240 2021          252,263,240                      12,133,862                        264,397,101 2022          264,397,101                      12,717,541                        277,114,602 2023          277,114,602                      13,329,212                        290,443,814 2024          290,443,914                      13,970,347                        304,414,162 2025          304,414,162                      14,642,321              :        319,056,483 2026          319,056,493                      15,346,617                        334,403,100 2027          334,403,100                      16,084,789                        350,487,889 2028          350,487,999                      16,858,467                        367,346,356 2029          367,346,356                      17,669,360                        385,015,716 2030          385,015,716                      18,519,256                        403,534,972 2031          403,534,972                    19,410,032                        422,945,004 2032          422,945,004                      20,343,655                        443,288,659 2033          443,299,659                      21,322,184                        464,610,843 2034            464,610,943                    22,317,659            (626,250  486,302,252 2035            496,302,252                    23,347,151            (914,500  508,734,903 2036          508,734,903                      24,424,803            (942,750  532,216,956 2037            532,216,956                    2 5 , 5 5 31, 11      (967,250  556,802,817 2038          556,802,917                      26,734,356            (995,000  582,542,173 2039            582,542,173                    27,971,036            (1,023,750  609,489,459 2040          609,499,459                      29,265,637            (1,056,250  637,698,846 2041          637,698,846                      30,621,174            (1,084,000  667,236,020 2042          667,236,020                      32,040,397            (1,115,500  698,160,917 2043          699,160,917                      32,081,962          (31,176,250  699,066,630 2044          699,066,630                      31,106,781          (52,356,000  677,817,411 2045          677,817,411                      29,658,853          (61,209,250  646,267,014 2046          646,267,014                      28,052,919          (63,046,250  611,273,682


2,345,334,836 2,453,853,473
Attachment TMr-13-007 Page6 of 15 2047        611,273,692                    26,278,626    (64,940,500    572,611,808 2048        572,611,909                      24,316,140    (67,078,750    529,849,199 2049        529,849,199                      22,462,156    (62,860,500    489,450,855 2050        489,450,955                      20,565,184    (61,900,250    448,115,789 2051        448,115,789                    18,486,479    (63,781,500    402,820,768 2052        402,820,768                    16,562,490    (58,486,250    360,897,009 2053        360,997,009                      16,053,724    (27,139,750    349,810,983 2054        349,910,993                      16,079,577    (15,516,250    350,374,309 Total                                                    (638,216,750)
Note1: The earningsare calculatedusingthe estimatedafter-taxrateof return.
Note2: Thewithdrawals are Pennsylvania  ElectricCompany'sshareof the total decommissioning expenditures containedin the FinancialEscalationAnalysisfor the Decommissioning  of ThreeMile lslandUnit2, datedMay2009(ReferenceB). The expendituresare assumedto be madeat the beginning  of the year.
Note3: The estimatedescalation ratehasbeenappliedto the withdrawals.
Note4: Mathematical rounding wasperformed  duringthe development  of the supporting calculations.


2,567,455,602 2,696,405,655 2,810,945,145
Attachment TMt-13-007 Page7 of 15 Schedule  3 Reflectsr                il"ffilil ,lil:il i,il::11,  ",,on,Unit2Pre-Tax "Jil".?,:^iJ                        After-Tax          Equivalent EstimatedNetInvestmentRate                                  2.00o/o EstimatedEscalationRate                                    2.81o/o EstimatedAfter-TaxRateof Return                            4.81%              6.03%
TrustBalance Qualified          on December 31,2012                      200,293,019 Non-Quafified TrustBalance on December 31,2012                          998 Total            200,294,017 Beginning                                                          Ending Year        Balance        Deposits      Earningsl      Withdrawals2'3        Balancea 2013          200,294,017                      9,634,142                      209,928,159 2014        209,928,159                      10,097,544                      220,025,704 2015        22A,025,704                    10,583,236                        230,608,940 2016        230,608,940                      11,092,290                      241,741,234 2017        241,701,230                      11,625,829                      253,327,059 2018        253,327,059                      12,195,032                      265,512,091 201I        265,512,091                      12,771,132                      278,283,222 2020        279,293,222                    13,385,423                        291,668,645 2021        291,669,645                      14,029,262                      305,697,907 2022        305,697,907                      14,704,069                      320,401,976 2023        320,401,976                      15,411,335                      335,813,312 2024        335,813,312                    16,152,620                        351,965,932 2025        351,965,932                    16,929,561                        368,895,493 2026        368,895,493                    17,743,873                        386,639,366 2027        386,639,366                    18,597,354                        405,236,720 2028          405,236,720                    19,491,886                        424,728,606 2029        424,729,606                    20,429,446                        445,158,052 2030          445,159,052                    21,412,102                        466,570,154 2031        466,570,154                    22,442,024                        489,012,179 2032        489,012,179                    23,521,486        :              512,533,665 2033        512,533,665                    24,652,869                        537,186,534 2034        537,186,534                    25,808,550            (626,250  562,368,834 2035        562,369,934                    27,005,953            (914,500  588,460,287 2036        588,460,297                    28,259,594            (942,750  615,777,131 2037        615,777,131                    29,572,355            (967,250  644,382,236 2038        644,382,236                    30,946,926            (995,000  674,334,162 2039        674,334,162                    32,386,231          (1,023,750  705,696,643 2040        705,696,643                    33,893,203          (1,056,250  738,533,595 2041        738,533,595                    35,471,326          (1,084,000  772,920,921 2042        772,920,921                    37,123,841          (1,115,500  908,929,262 2043        808,929,262                    37,409,920          (31,176,250  815,162,932 2044        815,162,932                    36,691,013          (52,356,000  799,497,945 2045        799,497,945                     35,511,686          (61,209,250  773,800,381 2046        773,900,391                    34,187,274          (63,046,250  744,941,405


2,815,448,296 2,731,374,064
Attachment TMr-13-007 Page8 of 15 2047      744,941,405                    32,708,044        (64,940,500)    712,708,949 2048      712,709,949                    31,054,813        (67,078,750)    676,685,011 2049      676,695,011                    29,524,959        (62,860,500)    643,349,470 2050      643,349,470                    27,967,707        (61,900,250)    609,416,928 2051      609,416,929                    26,245,064       (63,781,500)    571,880,492 2052      571,990,492                    24,694,263        (58,486,250)    538,088,505 2053      539,099,505                    24,576,635        (27,139,750)    535,525,390 2054      535,525,390                    25,012,440        (15,516,250)    545,021,579 Total                                                    (638,216,750)
Note1: The earningsarecalculated usingthe estimatedafter-taxrateof return.
Note2: Thewithdrawals  are JerseyCentralPower& LightCompany's    shareof the total decommissioning  expenditurescontainedin the FinancialEscalationAnalfts for the Decommissioning  of ThreeMile lslandUnit2, datedMay2009 (ReferenceB). The expendituresare assumedto be madeat the beginning  of the year.
Note3: The estimatedescalation ratehasbeenappliedto the withdrawals.
Note4: Mathematical roundingwas performed  duringthe development of the supporting calculations


2,606,139,497 2,467,179,708 Year 2013 2014 2015 2016 2017 2018201 I 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2438 2039 2040 2041 2042 2043 2044 2045 2046 Attachment TMt-13-007Page 10 of 15 2047 2048 2049 2050 2051 2052 2053 2054 TotalNote 1: Note 2: The earnings are calculated using the estimated after-tax rate of return.The withdrawals are the total decommissioning expenditures contained in the Financial Escalation Analysis for the Decommissioning of Three Mile lsland Unit 2, dated May 2009 (Reference B). The expenditures are assumed to be made at the beginning of the year.The estimated escalation rate has been applied to the withdrawals.
Attachment TMt-13-007 Page9 of 15 4
Mathematical rounding was performed during the development of the supporting calculations 2,467,179,709 2,313,594,500 2,143,657,444 1,983,231,007 1 ,91 9,1 1 3,910 1,639,21 5,624 1 ,472,964,141 1,429,929,2191 06,1 76,792 98,377,944 91,015,563
Schedule FirstEnergyGorp.Consolidated ThreeMilelslandNuclearStation,Unit2 Pre-Tax After-Tax      Equivalent EstimatedNetInvestmentRate                                      2.00%
EstimatedEscalation Rate                                          2.81%
EstimatedAfter-TaxRateof Return                                  4.81%        6.03%
TrustBalance Qualified          on December 31,2012                          697,403,426 Non-Qualified TrustBalanceon December  31,2012                            2.084 Total          697,405,510 Beginning                                                        Ending Year         Balance          Deposits      Earningsl    Withdrawals2'3  Balancea 2013         697,405,510                      33,545,205                    730,950,715 2014           730,950,715                      35,158,729                    766,109,444 2015           766,109,444                      36,849,864                    802,959,309 2016           802,959,309      :              38,622,343        .          841,581,651 2017           941,591,651                      40,480,077                    882,061,729 2018          882,061,729                      42,427,169                    924,488,898 201I          g24,4gg,ggg                      44,467,916                    968,956,814 2020           968,956,914                      46,606,823                  1,015,563,637 2021         1,015,563,637                      48,848,611                  1,064,412,248 2022         1,064,412,249                      51,198,229                  1,115,610,477 2023         1,115,610,477                      53,660,864                  1,169,271,341 2024         1,169,271,341                      56,241,951                  1,225,513,292 2025         1,225,513,292                      58,947,189                  1,294,460,482 2026         1,284,460,492                      61,782,549                  1,346,243,031 2027         1,346,243,031                      64,754,290                  1,410,997,321 2028         1,410,997,321                      67,968,971                  1,479,866,292 2029         1,478,866,292                      71,133,469                  1,549,999,760 2030         1,549,999,760                      74,554,988        :        1,624,554,749 2031         1,624,554,749                      78,141,083                  1,702,695,832 2032         1,702,695,932                      81,999,670                  1,784,595,502 2033         1,784,595,502                      85,839,044                  1,870,434,545 2034         1,870,434,545                      89,847,411      i,sos,oool 1,957,776,957 2035         1,957,776,957                      93,993,122      3,658,000) 2,048,112,078 2036         2,A48,112,079                      98,332,806      3,771,000) 2,142,673,884 2037         2,142,67 3,994                      102,876,515      3,969,000) 2,241,681,399 2438         2,241,681,399                    107,633,437      3,980,000) 2,345,334,836 2039         2,345,334,936                    112,613,636      4,095,000) 2,453,853,473 2040         2,453,853,473                    117,927,130      4,225,000) 2,567,455,602 2041         2,567,455,602                    123,286,053      4,336,000) 2,696,405,655 2042         2,686,405,655                    129,001,490      4,462,000) 2,810,945,145 2043         2,810,945,145                    129,208,151    (124,705,000) 2,815,448,296 2044        2,815,448,296                    125,349,769    (209,424,000) 2,731,374,064 2045        2,731,374,064                    119,602,433    (244,837,000) 2,606,139,497 2046        2,606,139,497                    113,225,211    (252,185,000) 2,467,179,708


83,483,803 75,227,814 67,593,517
Attachment TMt-13-007 P a g e1 0o f 1 5 2047        2,467,179,709                            106,176,792    (259,762,000)  2,313,594,500 2048        2,313,594,500                              98,377,944    (268,315,000)  2,143,657,444 2049        2,143,657,444                              91,015,563    (251,442,000)  1,983,231    ,007 2050          1,983,231,007                            83,483,803   (247,601,000)  1, 8 1 9 ,113 , 8 1 0 2051          1, 9 19 , 113 , 9 1 0                    75,227,814   (255,126,000)  1,639,215,624 2052          1,639,21    5,624                        67,593,517   (233,945,000)  1,472,864,141 2053          1,472,964,141                            65,623,077    (108,559,000)  1,429,928,218 2054          1,429,929,219                            65,794,221    (62,065,000)  1,433,657,439 Total                                                                (2,552,867,000)
Note1: The earningsare calculated            usingthe estimatedafter-taxrateof return.
Note2: Thewithdrawals              arethe totaldecommissioning  expenditures containedin the FinancialEscalation          Analysisfor the Decommissioning of ThreeMile lslandUnit2, datedMay2009(Reference              B). The expenditures are assumedto be madeat the beginning    of theyear.
Note3: The estimatedescalation            ratehasbeenappliedto the withdrawals.
Note4: Mathematical            rounding  wasperformed  duringthe development  of the supporting calculations


65,623,077 65,794,221 (259,762,000)
Attachment TMr-13-007 Page11of15 Decommissioninq    Analvsis Basedon NRCFormula
(268,315,000)
: 1. Theminimum    decommissioning    fundestimate,  pursuant to 10CFR50.75(b)      and(c)(see Schedule  5):
(251,442,000)
Metropolitan EdisonCompany                    $ 2 5 1, 11 7 , 9 3 0 Pennsylvania  ElectricCompany                  125,558,965 JerseyCentralPower& LightCompany                125,558,965 FirstEnergy Corp.Consolidated                $502.235.860
(247,601,000)
: 2. The amountaccumulated      in externaltrustfundsat December31, 2012:
(255,126,000)
AfterTax Metropolitan EdisonCompany                    $323,877,865 Pennsylvania  ElectricCompany                  173,233,628 JerseyCentralPower& LightCompany              200,294.017 FirstEnergy Corp.Consolidated                $697.405.510 3 . Thereare no longeranyfundsto be collected      fromthe ratepayers.
4 . Theassumptions    usedregarding  escalation in decommissioning cost,ratesof earnings on decommissioning    funds,and ratesof otherfactorsusedin fundingprojections:
Consolidated  Ownership  Interestin Unit                                      100%
EstimatedNet Investment    Rate                                              2.00o/o Yearof SiteRestoration  Completion                                            2054 DormancyPeriod                                                        -
Early2034 Mid-2043 Yearof ThreeMilelslandNuclearStation,Unit1 Operating                            2034 LicenseTermination An additional assumption  is thatthedecommissioning            for ThreeMilelslandNuclear activities Station,Unit2 willbe synchronized  withthoseof ThreeMilelslandNuclearStation,Unit1 such thatthe licenses for bothunitswillbeterminated    concurrently.
5 . Thereareno contracts    uponwhichtheowners/licensees    arerelyingpursuantto 10CFR50.75(eXlXv).
6 . Thereareno modifications    to thelicensee's currentmethodof providing financial assurance  sincethelastsubmitted    reoort.


(233,945,000)
Attachment TMt-13-007 Page12of 15 7 . Therewereno amendments  to the trustagreementsfor the above-mentionedownersof ThreeMilelslandNuclearStation,Unit2.
8 . Mathematicalroundingwas performed  duringthe development of the supporting calculations.


(108,559,000)
Attachment TMt-13-007 P a g e1 3o f 1 5 Schedule5 FIRSTENERGY      CORP.
(62,065,000)
Calculation of MinimumFinancial    Assurance  Amount December31, 2012 THREEMILEISLANDNUCLEARSTATION,                 UNIT2 Pennsvlvania      Reqions Labor(L) = Northeast Energy(E)= National WasteBurial(B) = Generic For PWRUnit Adjustment                        Escalation Factor'            Ratio          Factor l-=        2.547            0.65            1.656 2.632            0 . 13          0.342
(2,552,867,000) 2,313,594,500
                          $=        13.885            0.22            3.055 PWREscalation      Factor=                                              5.053 BaseAmountfor PWRbetween1200MWtand 3400MWt= ($ZS+ 0.0088P)million (P = powerlevelin megawatts      thermal= 2772)
($7s+ 0.0088(2772))    million=                                      $99,393,600 Escalated  Amountfor unit=
99,393,600            x                5.053                                          $502,235,860 Owner/Licensee                      Ownership Pennsylvania    Electric Company        25o/o      $125,558,965 JerseyCentralPower& Light Company                                25%        $125,559,965 Metropolitan  EdisonCompany            50o/o      $251,117,930 FirstEnergy  Corp.Consolidated        100o/o      $502,235,860 Note1: Actualfourthquarter2012Bureauof LaborStatisticsdatausedto developLaborfactor,actual December2012Bureauof LaborStatistics datausedto developEnergyfactor,and Burialfactoris basedon NUREG-1307,   "Reporton WasteBurialCharges:Changesin Decommissioning  Waste DisposalCostsat Low-Level                      Revision15 data.
WasteBurialFacilities,"


2,143,657,444 1,983,231
Attachment TMt-13-007 Page14 of 15 Financial Assurance  StatusAs Required    Bv 10 CFR50.82(aXBXv) 1 . Formaldecommissioning    hasnotstartedat ThreeMilelslandNuclearStation,Unit2. lt is assumedthatthe decommissioning                willbe synchronized activities                      withthoseof Three MilelslandNuclearStation,Unit1 suchthatthe licenses        for bothunitswillbe terminated concurrently. A specialdisbursement    of decommissioning    trustfundsoccurredin 2005 for disposalof threesubmerged    demineralizer  systemCuNO-filters    thatwerestoredat the ldahoNationalEngineering    and Environmental  Laboratory                            of at thattime. Notification this useof decommissioning  fundswas madeto the NRCby letterdated February1,2005(Accession      No.ML050380143),    withthe NRCresponse        providedby letterdatedFebruary14,2005(Accession        No.ML050350213).      Theamountdisbursed was$416,400.00.
,007 1 ,819,1 13,810 1,639,215,624 1,472,864,141 1,429,928,218
Nofundswerespenton decommissioning                  in 2012.
activities 2 . Decommissioning  fundsestimated    to be required pursuant  to 10 CFR50.75(b)    and(c) are basedupona sitespecificdecommissioning      coststudy,Decommissioning        Cosf AnalysisforThreeMilelslandUnit2, datedJanuary2009,and escalated              to 2012 dollars amountaccumulated    in external trustfundsas of December      31,2012.
Radiological                                        $909,407,166 Non-Radiological                                      34,520.080 FirstEnergy  Corp.Consolidated                    W Theestimated  totaldecommissioning    costsescalated  to futureyeardollars(2034- 2054) is $2,552,867,000.
: 3. Theamountaccumulated      in external trustfundsas of December      31.2012:
AfterTax Metropolitan  EdisonCompany                        $323,877,865 Pennsylvania    ElectricCompany                      173,233,628 JerseyCentralPower& LightCompany                    200,294,017 FirstEnergy  Corp.Consolidated                    $697.405.510 4 . Thereare no modifications  to the licensee's currentmethodof providing      financial assurance  sincethe lastsubmittedreport.
5 . Therewereno amendments      to the trustagreements  for the above-mentioned    ownersof ThreeMilelslandNuclearStation,Unit2.
6 . Mathematical  rounding was performed    duringthe development    of the supporting calculations.


1,433,657,439 Note 3:Note 4:
Attachment TMt-13-007 Page15 of 15
Attachment TMr-13-007 Page11of15 Decommissioninq Analvsis Based on NRC Formula1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c) (see Schedule 5): Metropolitan Edison Company Pennsylvania Electric Company Jersey Central Power & Light Company FirstEnergy Corp. Consolidated2. The amount accumulated in external trust funds at December 31, 2012: Metropolitan Edison Company Pennsylvania Electric Company Jersey Central Power & Light Company FirstEnergy Corp. Consolidated Consolidated Ownership Interest in Unit Estimated Net Investment Rate Year of Site Restoration Completion Dormancy Period 3.4.There are no longer any funds to be collected from the ratepayers.The assumptions used regarding escalation in decommissioning cost, rates of earningson decommissioning funds, and rates of other factors used in funding projections:
: 7.  
$251 ,1 17,930 125,558,965 125,558,965
$502.235.860 After Tax$323,877,865 173,233,628 200,294.017
$697.405.510 100%2.00o/o 2054 Early 2034 - Mid-2043 5.6.Year of Three Mile lsland Nuclear Station, Unit 1 OperatingLicense Termination 2034An additional assumption is that the decommissioning activities for Three Mile lsland Nuclear Station, Unit 2 will be synchronized with those of Three Mile lsland Nuclear Station, Unit 1 suchthat the licenses for both units will be terminated concurrently.
There are no contracts upon which the owners/licensees are relying pursuant to10 CFR 50.75(eXlXv).
There are no modifications to the licensee's current method of providing financial assurance since the last submitted reoort.
Attachment TMt-13-007 Page 12 of 15 7.8.There were no amendments to the trust agreements for the above-mentioned owners ofThree Mile lsland Nuclear Station, Unit 2.Mathematical rounding was performed during the development of the supporting calculations.
Attachment TMt-13-007 Page 13 of 15 Schedule 5FIRSTENERGY CORP.
Calculation of Minimum Financial Assurance Amount December 31 , 2012 THREE MILE ISLAND NUCLEAR STATION, UNIT 2 Pennsvlvania Reqions Labor (L) = Northeast Energy (E) = National Waste Burial (B) = Generic For PWR Unit Adjustment Factor'Ratio Escalation Factor ($7s + 0.0088(2772))
million =Escalated Amount for unit =99,393,600 x Owner/Licensee Pennsylvania Electric Company Jersey Central Power & Light Company Metropolitan Edison Company FirstEnergy Corp. Consolidated 0.65 0.1 3 0.22$125,558,965
$125,559,965
$251,117,930
$502,235,860 l-=$=2.547 2.632 13.885 5.053 Ownership 25o/o 25%50o/o 100o/o 1.656 0.342 3.055 PWR Escalation Factor =5.053 Base Amount for PWR between 1200 MWt and 3400 MWt = ($ZS + 0.0088P) million (P = power level in megawatts thermal = 2772)$99,393,600
$502,235,860 Note 1: Actual fourth quarter 2012 Bureau of Labor Statistics data used to develop Labor factor, actual December 2012 Bureau of Labor Statistics data used to develop Energy factor, and Burial factor isbased on NUREG-1307, "Report on Waste Burial Charges:
Changes in Decommissioning Waste Disposal Costs at Low-Level Waste Burial Facilities," Revision 15 data.
Attachment TMt-13-007Page 14 of 15 1.Financial Assurance Status As Required Bv 10 CFR 50.82(aXBXv)
Formal decommissioning has not started at Three Mile lsland Nuclear Station, Unit 2. lt is assumed that the decommissioning activities will be synchronized with those of Three Mile lsland Nuclear Station, Unit 1 such that the licenses for both units will be terminated concurrently.
A special disbursement of decommissioning trust funds occurred in 2005 for disposal of three submerged demineralizer system CuNO-filters that were stored at the ldaho National Engineering and Environmental Laboratory at that time. Notification of this use of decommissioning funds was made to the NRC by letter dated February 1,2005 (Accession No. ML050380143), with the NRC response provided by letter dated February 14,2005 (Accession No. ML050350213). The amount disbursed was $416,400.00.
No funds were spent on decommissioning activities in 2012.Decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c)are based upon a site specific decommissioning cost study, Decommissioning Cosf Analysis forThree Mile lsland Unit 2, dated January 2009, and escalated to 2012 dollars amount accumulated in external trust funds as of December 31,2012.2.Radiological Non-Radiological FirstEnergy Corp. Consolidated Metropolitan Edison Company Pennsylvania Electric Company Jersey Central Power & Light Company FirstEnergy Corp. Consolidated
$909,407,166 34,520.080 W The estimated total decommissioning costs escalated to future year dollars (2034 - 2054)is $2,552,867,000.3. The amount accumulated in external trust funds as of December 31.2012: After Tax$323,877,865 173,233,628 200,294,017
$697.405.510There are no modifications to the licensee's current method of providing financial assurance since the last submitted report.There were no amendments to the trust agreements for the above-mentioned owners of Three Mile lsland Nuclear Station, Unit 2.Mathematical rounding was performed during the development of the supporting calculations.
4.5.6.
Attachment TMt-13-007 Page 15 of 157.  


==References:==
==References:==


B.Decommssionrng Cosf Analysis for Three Mile Island Unit 2, dated January 2009*Financial Escalation Analysis for the Decommissioning of Three Mile lsland Unit 2, dated May 2009**Previously provided in GPU Nuclear, Inc. letter to Nuclear Regulatory Commission (NRC), dated March 29,2010,  
Decommssionrng   Cosf Analysisfor ThreeMileIslandUnit2, dated January2009*
B . FinancialEscalationAnalysisfor the Decommissioning of ThreeMile lsland Unit2, datedMay2009*
    *Previously providedin GPUNuclear,                               Commission Inc.letterto NuclearRegulatory (NRC),datedMarch29,2010,


==Subject:==
==Subject:==
Decommissioning Funding Status Report forthe Three Mile lsland Nuclear Station, Unit 2 (Accession No. M1100960464).}}
Decommissioning         FundingStatusReportfor the ThreeMilelslandNuclearStation,Unit2 (Accession     No.M1100960464).}}

Latest revision as of 21:08, 4 November 2019

Decommissioning Funding Status Report
ML13088A143
Person / Time
Site: Three Mile Island Constellation icon.png
Issue date: 03/29/2013
From: Pace D
GPU Nuclear
To:
Document Control Desk, NRC/FSME
References
TMI-13-007
Download: ML13088A143 (16)
v • d • e


Text

GPUNuclear,Inc.

ThreeMilelsland Nuclear Station TT'UCI.EAfr Route441South PostOfficeBox480 Middletown,PA17057-0480 Tel717-948-8461 March29,2013 TMt-13-007 10 cFR 50.75 1 0c F R 5 0 . 8 2 ATTN:DocumentControlDesk U.S.NuclearRegulatory Commission Washington, D.C.20555-0001

SUBJECT:

ThreeMilelslandNuclearStation,Unit2 DocketNo.50-320,LicenseNo.DPR-73 Decommissioning FundinqStatusReportfor the ThreeMilelslandNuclearStation.

Unit2 Pursuant to 10 CFR50.75(f)(1)and 10 CFR50.82(aX8Xv), GPUNuclear, Inc.is hereby submitting a Decommissioning FundingStatusReportfor ThreeMilelslandNuclear Station,Unit2for the yearendingDecember 31,2012.The reportcontainsan analysis basedon a sitespecificdecommissioning coststudy,an analysisbasedon the Nuclear Regulatory Commission (NRC)formuladescribed in 10 CFR50.75(b)and(c),anda financialassurance statusas required by 10 CFR50.82(aXBXv).

Thereare no regulatory commitments containedin this letter. lf thereare anyquestionsor if additional is required,pleasecontactMr.ThomasA. Lentz,Manager-information FirstEnergy NuclearOperating CompanyFleetLicensing, at (330)315-6810.

Sincerely, DannyL. Pace President

Attachment:

Decommissioning FundingStatusReportThreeMilelslandNuclearStation,Unit2 As of December31, 2012 cc: NRCRegionlAdministrator NRCProjectManager NRCResidentInspector

Attachment TMI-13-007 Decommissioning Funding StatusReport ThreeMilelslandNuclear Station,Unit2 As of December 31.20'12 Page1 of 15 Decommissioninq Analvsis Basedon SiteSpecific Decommissioninq CostStudv

1. Decommissioning fundsestimated to be required pursuant to '10CFR50.75(b) and(c) arebasedupona sitespecificdecommissioning coststudy,Decommissioning Cost Analysisfor ThreeMilelslandUnit2, datedJanuary2009,andescalated to 2012 dollars:

Radiological $909,407,166 Non-Radiological 34,520,080 FirstEnergyCorp. Consolidated $943.927.246 The estimatedtotaldecommissioning costsescalated to futureyeardollars(2034- 2054) is $2,552,867,000.

2 . The amountaccumulated in externaltrustfundsas of December31, 2012:

AfterTax Metropolitan EdisonCompany $323,877,865 Pennsylvania ElectricCompany 173,233,628 JerseyCentralPower& LightCompany 200,294,017 FirstEnergy Corp.Consolidated $697,405,510 3 . Thereare no longeranyfundsto be collected fromthe ratepayers.

4 . The assumptions usedregarding escalation in decommissioning cost,ratesof earnings on decommissioning funds,and ratesof otherfactorsusedin fundingprojections:

Consolidated Ownership Interestin Unit 100%

EstimatedRateof Escalation in Decommissioning Costs 2.81o/o EstimatedNet Investment Rate 2.00o/o EstimatedAfter-TaxRateof Return 4.810/o Yearof SiteRestoration Completion 2054 DormancyPeriod Early 2034 - Mid-2043 Yearof ThreeMilelslandNuclearStation,Unit1 Operating 2034 License Termination An additionalassumption isthatthedecommissioning activitiesforThreeMilelslandNuclear Station, Unit2 willbe synchronized withthoseof ThreeMilelslandNuclear Station,Unit1 such thatthelicenses for bothunitswillbeterminated concurrently.

5 . Therearenocontracts uponwhichtheowners/licensees arerelyingpursuant to 10cFR 50.75(e)(1)(v).

6 . Thereareno modifications to the licensee's currentmethodof providing financial assurance sincethe lastsubmitted report.

Attachment TMr-13-007 Page2 of 15 7 . Therewereno amendments to the trustagreementsfor the above-mentioned ownersof ThreeMilelslandNuclearStation,Unit2.

8 . Schedules1 through3 eachcontainan analysisof fundingearningsandwithdrawals for thethreeownersof ThreeMilelslandNuclearStation,Unit2; Metropolitan Edison Company, Pennsylvania ElectricCompany, andJerseyCentralPower& LightCompany; respectively. Schedule4 containsa consolidated analysisfor FirstEnergyCorp.

9 . Mathematical roundingwas performed duringthe development of the supporting calculations.

10.

References:

A. Decommissioning Cosf Analysisfor ThreeMilelslandUnit2, dated January2009*

B . FinancialEscalationAnalysisfor the Decommissrbning of ThreeMilelsland Unit2, datedMay2009*

  • Previously providedin GPUNuclear,Inc.letterto NuclearRegulatory Commission (NRC),datedMarch29,2010,

Subject:

Decommissioning FundingStatusReportfor the ThreeMilelslandNuclearStation,Unit2 (Accession No.M1100960464)

Attachment TMr-13-007 Page3 of 15 Schedule1 MetropolitanEdisonCompany Reflects50%ownership in ThreeMilelslandNuclearStation,Unit2 Pre-Tax After-Tax Equivalent EstimatedNetInvestment Rate 2.00%

EstimatedEscalationRate 2.81o/o EstimatedAfter-TaxRateof Return 4.81o/o 6.03%

TrustBalance Qualified on December 31,2012 323,877,865 Non-QualifiedTrustBalance on December 31,2012 Total 323,877,865 Beginning Ending Year Balance Deposits Earningsl Withdrawals2'3 Balancea 2013 323,877,865 15,578,525 339,456,390 2014 339,456,390 16,327,852 355,794,243 2015 355,784,243 17,113,222 372,897,465 2016 372,897,465 17,936,368 390,833,933 2017 390,833,833 18,799,107 409,632,940 2018 409,632,940 19,703,344 429,336,285 2019 429,336,295  : 20,651,075  : 449,987,360 2020 449,997,360 21,644,392 471,631,752 2021 471,631,752 22,685,487 494,317,239 2022 494,317,239 23,776,659 518,093,898 2023 518,093,899 24,920,317  : 543,014,215 2024 543,014,215 26,118,984 569,133,199 2025 569,133,199  : 27,375,307 596,508,505 2426 596,508,505 28,692,059 625,200,565 2027 625,200,565 30,072,147 655,272,712 2028 655,272,712 3 1, 5 1 8 , 6 1 7 686,791,329 2029 686,791,329 33,034,663 719,825,992 2030 719,925,992 34,623,630 754,449,622 2031 754,449,622 36,289,027 790,738,649 2032 790,738,649 38,034,529  : 828,773,178 2033 828,773,178 39,863,990 868,637,168 2034 869,637,169 41,721 ,203 (1,252,500) 909,105,871 2035 909,105,871 43,640,017 (1,829,000) 950,916,888 2036 950,916,888 45,648,410 (1,885,500) 994,679,798 2037 994,679,798 47,751,049 (1,934,500) 1,040,496,347 2038 1,040,496,347 49,952,155 (1,990,000) 1,088,458,502 2039 1,088,458,502 52,256,369 (2,047,500) 1,138,667,371 2040 1,138,667,371 54,668,289 (2,112,500 1,191,223,160 2041 1,191,223,160 57,193,553 (2,168,000 1,246,248,714 2042 1,246,248,714 59,837,252 (2,231,000 1,303,854,966 2043 1,303,854,966 59,716,269 (62,352,500 1,301,218,734 2044 1,301,218,734 57,551,974 (104,712,000 1,254,058,708 2045 1,254,058,708 54,431 ,894 (122,418,500 1,186,072,102 2046 1,186,072J02 50,985,019 (126,092,500 1,110,964,621

Attachment TMt-13-007 Page4 of 15 2047 1,110,964,621 47,190,122 ( 1 2 9 , 8 8 1 , 0 0 0 1,029,273,743 2048 1,028,273,743 43,006,991 (134,157,500 937,123,234 2049 937,123,234 39,028,447 (125,721 ,000 950,430,682 2050 950,430,692 34,950,912 (123,800,500 761,581,094 2051 761,581,094 30,496,270 (127,563,000 664,514,364 2052 664,514,364 26,336,764 (116,972,500 573,878,628 2053 573,979,629 24,992,718 (54,279,500 544,591,846 2054 544,591,946 24,702,205 (31,032,500 538,261,550 Total (1,276,433,500)

Note1: The earningsare calculatedusingthe estimatedafter-taxrateof return.

Note2: Thewithdrawals are MetropolitanEdisonCompany's shareof the total decommissioning expenditurescontainedin the FinancialEscalation Analysisfor the Decommissioning of ThreeMile lslandUnit2, datedMay2009(ReferenceB). The expendituresareassumedto be madeat the beginning of theyear.

Note3: The estimatedescalation ratehasbeenappliedto the withdrawals.

Note.4:Mathematical roundingwas performed duringthe development of the supporting calculations.

Attachment TMt-13-007 Page5 of 15 Schedule2 PennsylvaniaElectricCompany Reffects25%ownership in ThreeMilelslandNuclearStation,Unit2 Pre-Tax After-Tax Equivalent EstimatedNetlnvestment Rate 2.00o/o EstimatedEscalationRate 2.81o/o EstimatedAfter-TaxRateof Return 4.81o/o 6.03%

TrustBalance Qualified on December 31,2012 173,232,542 Non-Qualified TrustBalance on December 31,2012 1.086 Total 173,233,628 Beginning Ending.

Year Balance Deposits Earningsl Withdrawals2'3 Balancea 2013 173,233,629 8,332,538 181,566,166 2014 181,566,166 8,733,333 190,299,498 2015 1g0,2gg,4gg 9,153,406 199,452,904 2016 199,452,904 9,593,685 209,046,589 2017 209,046,599 10,055,141 219,101,730 2018 219,101,730 10,538,793 229,640,523 2019 229,640,523 11,045,709  : 240,686,232 2020 240,696,232 11,577,008 252,263,240 2021 252,263,240 12,133,862 264,397,101 2022 264,397,101 12,717,541 277,114,602 2023 277,114,602 13,329,212 290,443,814 2024 290,443,914 13,970,347 304,414,162 2025 304,414,162 14,642,321  : 319,056,483 2026 319,056,493 15,346,617 334,403,100 2027 334,403,100 16,084,789 350,487,889 2028 350,487,999 16,858,467 367,346,356 2029 367,346,356 17,669,360 385,015,716 2030 385,015,716 18,519,256 403,534,972 2031 403,534,972 19,410,032 422,945,004 2032 422,945,004 20,343,655 443,288,659 2033 443,299,659 21,322,184 464,610,843 2034 464,610,943 22,317,659 (626,250 486,302,252 2035 496,302,252 23,347,151 (914,500 508,734,903 2036 508,734,903 24,424,803 (942,750 532,216,956 2037 532,216,956 2 5 , 5 5 31, 11 (967,250 556,802,817 2038 556,802,917 26,734,356 (995,000 582,542,173 2039 582,542,173 27,971,036 (1,023,750 609,489,459 2040 609,499,459 29,265,637 (1,056,250 637,698,846 2041 637,698,846 30,621,174 (1,084,000 667,236,020 2042 667,236,020 32,040,397 (1,115,500 698,160,917 2043 699,160,917 32,081,962 (31,176,250 699,066,630 2044 699,066,630 31,106,781 (52,356,000 677,817,411 2045 677,817,411 29,658,853 (61,209,250 646,267,014 2046 646,267,014 28,052,919 (63,046,250 611,273,682

Attachment TMr-13-007 Page6 of 15 2047 611,273,692 26,278,626 (64,940,500 572,611,808 2048 572,611,909 24,316,140 (67,078,750 529,849,199 2049 529,849,199 22,462,156 (62,860,500 489,450,855 2050 489,450,955 20,565,184 (61,900,250 448,115,789 2051 448,115,789 18,486,479 (63,781,500 402,820,768 2052 402,820,768 16,562,490 (58,486,250 360,897,009 2053 360,997,009 16,053,724 (27,139,750 349,810,983 2054 349,910,993 16,079,577 (15,516,250 350,374,309 Total (638,216,750)

Note1: The earningsare calculatedusingthe estimatedafter-taxrateof return.

Note2: Thewithdrawals are Pennsylvania ElectricCompany'sshareof the total decommissioning expenditures containedin the FinancialEscalationAnalysisfor the Decommissioning of ThreeMile lslandUnit2, datedMay2009(ReferenceB). The expendituresare assumedto be madeat the beginning of the year.

Note3: The estimatedescalation ratehasbeenappliedto the withdrawals.

Note4: Mathematical rounding wasperformed duringthe development of the supporting calculations.

Attachment TMt-13-007 Page7 of 15 Schedule 3 Reflectsr il"ffilil ,lil:il i,il::11, ",,on,Unit2Pre-Tax "Jil".?,:^iJ After-Tax Equivalent EstimatedNetInvestmentRate 2.00o/o EstimatedEscalationRate 2.81o/o EstimatedAfter-TaxRateof Return 4.81% 6.03%

TrustBalance Qualified on December 31,2012 200,293,019 Non-Quafified TrustBalance on December 31,2012 998 Total 200,294,017 Beginning Ending Year Balance Deposits Earningsl Withdrawals2'3 Balancea 2013 200,294,017 9,634,142 209,928,159 2014 209,928,159 10,097,544 220,025,704 2015 22A,025,704 10,583,236 230,608,940 2016 230,608,940 11,092,290 241,741,234 2017 241,701,230 11,625,829 253,327,059 2018 253,327,059 12,195,032 265,512,091 201I 265,512,091 12,771,132 278,283,222 2020 279,293,222 13,385,423 291,668,645 2021 291,669,645 14,029,262 305,697,907 2022 305,697,907 14,704,069 320,401,976 2023 320,401,976 15,411,335 335,813,312 2024 335,813,312 16,152,620 351,965,932 2025 351,965,932 16,929,561 368,895,493 2026 368,895,493 17,743,873 386,639,366 2027 386,639,366 18,597,354 405,236,720 2028 405,236,720 19,491,886 424,728,606 2029 424,729,606 20,429,446 445,158,052 2030 445,159,052 21,412,102 466,570,154 2031 466,570,154 22,442,024 489,012,179 2032 489,012,179 23,521,486  : 512,533,665 2033 512,533,665 24,652,869 537,186,534 2034 537,186,534 25,808,550 (626,250 562,368,834 2035 562,369,934 27,005,953 (914,500 588,460,287 2036 588,460,297 28,259,594 (942,750 615,777,131 2037 615,777,131 29,572,355 (967,250 644,382,236 2038 644,382,236 30,946,926 (995,000 674,334,162 2039 674,334,162 32,386,231 (1,023,750 705,696,643 2040 705,696,643 33,893,203 (1,056,250 738,533,595 2041 738,533,595 35,471,326 (1,084,000 772,920,921 2042 772,920,921 37,123,841 (1,115,500 908,929,262 2043 808,929,262 37,409,920 (31,176,250 815,162,932 2044 815,162,932 36,691,013 (52,356,000 799,497,945 2045 799,497,945 35,511,686 (61,209,250 773,800,381 2046 773,900,391 34,187,274 (63,046,250 744,941,405

Attachment TMr-13-007 Page8 of 15 2047 744,941,405 32,708,044 (64,940,500) 712,708,949 2048 712,709,949 31,054,813 (67,078,750) 676,685,011 2049 676,695,011 29,524,959 (62,860,500) 643,349,470 2050 643,349,470 27,967,707 (61,900,250) 609,416,928 2051 609,416,929 26,245,064 (63,781,500) 571,880,492 2052 571,990,492 24,694,263 (58,486,250) 538,088,505 2053 539,099,505 24,576,635 (27,139,750) 535,525,390 2054 535,525,390 25,012,440 (15,516,250) 545,021,579 Total (638,216,750)

Note1: The earningsarecalculated usingthe estimatedafter-taxrateof return.

Note2: Thewithdrawals are JerseyCentralPower& LightCompany's shareof the total decommissioning expenditurescontainedin the FinancialEscalationAnalfts for the Decommissioning of ThreeMile lslandUnit2, datedMay2009 (ReferenceB). The expendituresare assumedto be madeat the beginning of the year.

Note3: The estimatedescalation ratehasbeenappliedto the withdrawals.

Note4: Mathematical roundingwas performed duringthe development of the supporting calculations

Attachment TMt-13-007 Page9 of 15 4

Schedule FirstEnergyGorp.Consolidated ThreeMilelslandNuclearStation,Unit2 Pre-Tax After-Tax Equivalent EstimatedNetInvestmentRate 2.00%

EstimatedEscalation Rate 2.81%

EstimatedAfter-TaxRateof Return 4.81% 6.03%

TrustBalance Qualified on December 31,2012 697,403,426 Non-Qualified TrustBalanceon December 31,2012 2.084 Total 697,405,510 Beginning Ending Year Balance Deposits Earningsl Withdrawals2'3 Balancea 2013 697,405,510 33,545,205 730,950,715 2014 730,950,715 35,158,729 766,109,444 2015 766,109,444 36,849,864 802,959,309 2016 802,959,309  : 38,622,343 . 841,581,651 2017 941,591,651 40,480,077 882,061,729 2018 882,061,729 42,427,169 924,488,898 201I g24,4gg,ggg 44,467,916 968,956,814 2020 968,956,914 46,606,823 1,015,563,637 2021 1,015,563,637 48,848,611 1,064,412,248 2022 1,064,412,249 51,198,229 1,115,610,477 2023 1,115,610,477 53,660,864 1,169,271,341 2024 1,169,271,341 56,241,951 1,225,513,292 2025 1,225,513,292 58,947,189 1,294,460,482 2026 1,284,460,492 61,782,549 1,346,243,031 2027 1,346,243,031 64,754,290 1,410,997,321 2028 1,410,997,321 67,968,971 1,479,866,292 2029 1,478,866,292 71,133,469 1,549,999,760 2030 1,549,999,760 74,554,988  : 1,624,554,749 2031 1,624,554,749 78,141,083 1,702,695,832 2032 1,702,695,932 81,999,670 1,784,595,502 2033 1,784,595,502 85,839,044 1,870,434,545 2034 1,870,434,545 89,847,411 i,sos,oool 1,957,776,957 2035 1,957,776,957 93,993,122 3,658,000) 2,048,112,078 2036 2,A48,112,079 98,332,806 3,771,000) 2,142,673,884 2037 2,142,67 3,994 102,876,515 3,969,000) 2,241,681,399 2438 2,241,681,399 107,633,437 3,980,000) 2,345,334,836 2039 2,345,334,936 112,613,636 4,095,000) 2,453,853,473 2040 2,453,853,473 117,927,130 4,225,000) 2,567,455,602 2041 2,567,455,602 123,286,053 4,336,000) 2,696,405,655 2042 2,686,405,655 129,001,490 4,462,000) 2,810,945,145 2043 2,810,945,145 129,208,151 (124,705,000) 2,815,448,296 2044 2,815,448,296 125,349,769 (209,424,000) 2,731,374,064 2045 2,731,374,064 119,602,433 (244,837,000) 2,606,139,497 2046 2,606,139,497 113,225,211 (252,185,000) 2,467,179,708

Attachment TMt-13-007 P a g e1 0o f 1 5 2047 2,467,179,709 106,176,792 (259,762,000) 2,313,594,500 2048 2,313,594,500 98,377,944 (268,315,000) 2,143,657,444 2049 2,143,657,444 91,015,563 (251,442,000) 1,983,231 ,007 2050 1,983,231,007 83,483,803 (247,601,000) 1, 8 1 9 ,113 , 8 1 0 2051 1, 9 19 , 113 , 9 1 0 75,227,814 (255,126,000) 1,639,215,624 2052 1,639,21 5,624 67,593,517 (233,945,000) 1,472,864,141 2053 1,472,964,141 65,623,077 (108,559,000) 1,429,928,218 2054 1,429,929,219 65,794,221 (62,065,000) 1,433,657,439 Total (2,552,867,000)

Note1: The earningsare calculated usingthe estimatedafter-taxrateof return.

Note2: Thewithdrawals arethe totaldecommissioning expenditures containedin the FinancialEscalation Analysisfor the Decommissioning of ThreeMile lslandUnit2, datedMay2009(Reference B). The expenditures are assumedto be madeat the beginning of theyear.

Note3: The estimatedescalation ratehasbeenappliedto the withdrawals.

Note4: Mathematical rounding wasperformed duringthe development of the supporting calculations

Attachment TMr-13-007 Page11of15 Decommissioninq Analvsis Basedon NRCFormula

1. Theminimum decommissioning fundestimate, pursuant to 10CFR50.75(b) and(c)(see Schedule 5):

Metropolitan EdisonCompany $ 2 5 1, 11 7 , 9 3 0 Pennsylvania ElectricCompany 125,558,965 JerseyCentralPower& LightCompany 125,558,965 FirstEnergy Corp.Consolidated $502.235.860

2. The amountaccumulated in externaltrustfundsat December31, 2012:

AfterTax Metropolitan EdisonCompany $323,877,865 Pennsylvania ElectricCompany 173,233,628 JerseyCentralPower& LightCompany 200,294.017 FirstEnergy Corp.Consolidated $697.405.510 3 . Thereare no longeranyfundsto be collected fromthe ratepayers.

4 . Theassumptions usedregarding escalation in decommissioning cost,ratesof earnings on decommissioning funds,and ratesof otherfactorsusedin fundingprojections:

Consolidated Ownership Interestin Unit 100%

EstimatedNet Investment Rate 2.00o/o Yearof SiteRestoration Completion 2054 DormancyPeriod -

Early2034 Mid-2043 Yearof ThreeMilelslandNuclearStation,Unit1 Operating 2034 LicenseTermination An additional assumption is thatthedecommissioning for ThreeMilelslandNuclear activities Station,Unit2 willbe synchronized withthoseof ThreeMilelslandNuclearStation,Unit1 such thatthe licenses for bothunitswillbeterminated concurrently.

5 . Thereareno contracts uponwhichtheowners/licensees arerelyingpursuantto 10CFR50.75(eXlXv).

6 . Thereareno modifications to thelicensee's currentmethodof providing financial assurance sincethelastsubmitted reoort.

Attachment TMt-13-007 Page12of 15 7 . Therewereno amendments to the trustagreementsfor the above-mentionedownersof ThreeMilelslandNuclearStation,Unit2.

8 . Mathematicalroundingwas performed duringthe development of the supporting calculations.

Attachment TMt-13-007 P a g e1 3o f 1 5 Schedule5 FIRSTENERGY CORP.

Calculation of MinimumFinancial Assurance Amount December31, 2012 THREEMILEISLANDNUCLEARSTATION, UNIT2 Pennsvlvania Reqions Labor(L) = Northeast Energy(E)= National WasteBurial(B) = Generic For PWRUnit Adjustment Escalation Factor' Ratio Factor l-= 2.547 0.65 1.656 2.632 0 . 13 0.342

$= 13.885 0.22 3.055 PWREscalation Factor= 5.053 BaseAmountfor PWRbetween1200MWtand 3400MWt= ($ZS+ 0.0088P)million (P = powerlevelin megawatts thermal= 2772)

($7s+ 0.0088(2772)) million= $99,393,600 Escalated Amountfor unit=

99,393,600 x 5.053 $502,235,860 Owner/Licensee Ownership Pennsylvania Electric Company 25o/o $125,558,965 JerseyCentralPower& Light Company 25% $125,559,965 Metropolitan EdisonCompany 50o/o $251,117,930 FirstEnergy Corp.Consolidated 100o/o $502,235,860 Note1: Actualfourthquarter2012Bureauof LaborStatisticsdatausedto developLaborfactor,actual December2012Bureauof LaborStatistics datausedto developEnergyfactor,and Burialfactoris basedon NUREG-1307, "Reporton WasteBurialCharges:Changesin Decommissioning Waste DisposalCostsat Low-Level Revision15 data.

WasteBurialFacilities,"

Attachment TMt-13-007 Page14 of 15 Financial Assurance StatusAs Required Bv 10 CFR50.82(aXBXv) 1 . Formaldecommissioning hasnotstartedat ThreeMilelslandNuclearStation,Unit2. lt is assumedthatthe decommissioning willbe synchronized activities withthoseof Three MilelslandNuclearStation,Unit1 suchthatthe licenses for bothunitswillbe terminated concurrently. A specialdisbursement of decommissioning trustfundsoccurredin 2005 for disposalof threesubmerged demineralizer systemCuNO-filters thatwerestoredat the ldahoNationalEngineering and Environmental Laboratory of at thattime. Notification this useof decommissioning fundswas madeto the NRCby letterdated February1,2005(Accession No.ML050380143), withthe NRCresponse providedby letterdatedFebruary14,2005(Accession No.ML050350213). Theamountdisbursed was$416,400.00.

Nofundswerespenton decommissioning in 2012.

activities 2 . Decommissioning fundsestimated to be required pursuant to 10 CFR50.75(b) and(c) are basedupona sitespecificdecommissioning coststudy,Decommissioning Cosf AnalysisforThreeMilelslandUnit2, datedJanuary2009,and escalated to 2012 dollars amountaccumulated in external trustfundsas of December 31,2012.

Radiological $909,407,166 Non-Radiological 34,520.080 FirstEnergy Corp.Consolidated W Theestimated totaldecommissioning costsescalated to futureyeardollars(2034- 2054) is $2,552,867,000.

3. Theamountaccumulated in external trustfundsas of December 31.2012:

AfterTax Metropolitan EdisonCompany $323,877,865 Pennsylvania ElectricCompany 173,233,628 JerseyCentralPower& LightCompany 200,294,017 FirstEnergy Corp.Consolidated $697.405.510 4 . Thereare no modifications to the licensee's currentmethodof providing financial assurance sincethe lastsubmittedreport.

5 . Therewereno amendments to the trustagreements for the above-mentioned ownersof ThreeMilelslandNuclearStation,Unit2.

6 . Mathematical rounding was performed duringthe development of the supporting calculations.

Attachment TMt-13-007 Page15 of 15

7.

References:

Decommssionrng Cosf Analysisfor ThreeMileIslandUnit2, dated January2009*

B . FinancialEscalationAnalysisfor the Decommissioning of ThreeMile lsland Unit2, datedMay2009*

  • Previously providedin GPUNuclear, Commission Inc.letterto NuclearRegulatory (NRC),datedMarch29,2010,

Subject:

Decommissioning FundingStatusReportfor the ThreeMilelslandNuclearStation,Unit2 (Accession No.M1100960464).

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