ML100910130

CFR 50.75(f)(1) Decommissioning Funding Report

ML100910130
Person / Time
Site:	San Onofre
Issue date:	03/31/2010
From:	St.Onge R Southern California Edison Co
To:	Document Control Desk, NRC/FSME
References
Download: ML100910130 (3)

Text

SOUTHERN CALIFORNIA EDISONAn EDISON lNTERNATIONAL Company March 31, 2010 ATTN: Document Control DeskU.S.Nuclear Regulatory Commission Washington,D.C.20555-0001 Richard J.St.Onge DirectorNuclearRegulatoryAffairs10CFR50.75

Subject:

DocketNo.50-20610CFR 50.75(f)(1)

Decommissioning Funding Report San Onofre Nuclear GeneratingStationUnit1

DearSirorMadam:

Asrequiredby10CFR50.75(f)(1),this letter providesthestatusofthe decommissioningfundingforSan Onofre Nuclear Generating Station (SONGS)Unit1asof December31,2009.The required information is providedinthe enclosure for Southern CaliforniaEdisonandSanDiegoGas&

Electric for SONGSUnit1.Basedonthe requirementsin10CFR 50.75(f)(1), this informationisreportedonanannual basis for SONGSUnit1sincethe plant was permanently shutdownbeforetheendofits licensedlifeandis currently being decommissioned.

Thereareno commitments containedinthis letterorits enclosure.Ifyouhaveany questionsregardingthismatter, please contactMs.LindaT.

Conklin at 949-368-9443.

Sincerely,

Enclosure:

SONGSUnit1 Decommissioning Funding Status Reportcc:E.E.Collins, Regional Administrator,NRCRegionIVJ.E.Whitten,NRCRegionIV,San OnofreUnit1J.C.Shepherd, NRC Project Manager, San OnofreUnit1G.G.Warnick, NRC Senior Resident Inspector, San OnofreUnits2&3P.O.Box128SanClemente,CA 92674 San Onofre Nuclear Gene rating Station Unit 1 Decommissioning Funding Status Report Provided below is the information required by 10 CFR 50.75(f)(1) for San O nofre Unit 1. This information is reported every year for San Onofre Unit 1 because it was permanently shut down before the end of its licensed life and is currently being decommissioned.

All dollar amounts are in 2009 dollars, and the owners are reported as follows:

Southern California Edison (SCE) 80 %

San Diego Gas & Electric (SDG&E) 20 %

1) The decommissioning fund estimated to be required pursuant to 10 CFR 50.75(b) and (c) is the following:

a) The minimum amount calculated by t he method prescribed by 10 CFR 50.75(c) is

$337.3 million.

b) The San Onofre Unit 1 site-specific estimate (1) for decommissioning includes the following radiological decommissioning costs associated with terminating the site license:

San Onofre Unit 1 Estimate of Radiological Costs

$ 490.4 million Actual Radiological Costs th rough 12/31/2009 $ 461.8 million To Go Costs

$ 28.6 million The To Go Costs reflect the re maining obligation for the radiological costs associated with terminating the site license.

2) The Decommissioning Trust Fund amount rema ining at the end of calendar year 2009 (net of estimated capital gains taxes) is:

Owner

San Onofre Unit 1 SCE

$ 156.0 million SDG&E (2)

$ 76.7 million TOTAL

$ 232.7 million

3) The decommissioning fund for San Onofre Unit 1 is sufficient to provide for the estimated decommissioning costs, and as of June 1999, decommissioning funds are no longer collected.

4) The composite escalation rate for San Onofre Unit 1 Decommissioning is 2.69%.

5) The after-tax composite investment rate of return for the San Onofre Unit 1 Decommissioning is 4.23%. The composite investment rate of return less the composite escalation rate yields a compos ite real earnings rate less than t he 2.0% real rate of return allowed under 10 CF R 50.75(e)(1)(ii).

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6) None of the owners of San O nofre Unit 1 are relying on any contracts for the purposes of providing decommissioning fundi ng pursuant to 10 CFR 50.75(e

)(1)(v). There have been no modifications to the method of providing financial assur ance and no material changes to the trust agreements since the March 29, 2004 Decommissioning Funding Report for San Onofre Unit 1.

Notes: (1) The site-specific decommissioning cost estimate for San Onofre Unit 1 that was provided to the California Public Utilities Commission (CPUC) on November 10, 2005, includes the radiological costs asso ciated with terminating the site license, non-radiological costs, and fuel storage costs. The CPUC approved the Unit 1 Decommissioning cost estimate on January 11, 2007.

(2) SCE is submitting information with respect to its co-owner, SDG&E. SDG&E is responsible for the completeness and accuracy of their information.

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