ML080710307: Difference between revisions

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| number = ML080710307
| number = ML080710307
| issue date = 03/12/2008
| issue date = 03/12/2008
| title = Vermont Yankee Nuclear Power Station, Request for Additional Information, Spent Fuel Management Plan Pursuant to 10 CFR 50.54(bb)
| title = Request for Additional Information, Spent Fuel Management Plan Pursuant to 10 CFR 50.54(bb)
| author name = Kim J S
| author name = Kim J S
| author affiliation = NRC/NRR/ADRO/DORL/LPLI-1
| author affiliation = NRC/NRR/ADRO/DORL/LPLI-1

Revision as of 14:30, 17 April 2019

Request for Additional Information, Spent Fuel Management Plan Pursuant to 10 CFR 50.54(bb)
ML080710307
Person / Time
Site: Vermont Yankee Entergy icon.png
Issue date: 03/12/2008
From: Kim J S
NRC/NRR/ADRO/DORL/LPLI-1
To: Balduzzi M A
Entergy Nuclear Operations
kim J, NRR/ADRO/DORL, 415-4125
References
TAC MD8035
Download: ML080710307 (7)


Text

March 12, 2008 Mr. Michael A. Balduzzi Sr. Vice President & COO Regional Operations, NE Entergy Nuclear Operations, Inc. 440 Hamilton Avenue White Plains, NY 10601

SUBJECT:

REQUEST FOR ADDITIONAL INFORMATION TO SUPPORT THE REVIEW OF THE VERMONT YANKEE NUCLEAR POWER STATION SPENT FUEL MANAGEMNT PLAN PURSUANT TO 10 CFR 50.54(bb) (TAC NO. MD8035)

Dear Mr. Balduzzi:

By letter dated March 21, 2007, Entergy Nuclear Operations, Inc. (the licensee) submitted the Vermont Yankee Nuclear Power Station spent fuel management plan for review.

The Nuclear Regulatory Commission staff has been reviewing the submittal and has determined that additional information is needed to complete its review. The specific questions are found in the enclosed request for additional information (RAI). A response to this RAI is requested to be provided within 30 days.

Sincerely, /ra/ James Kim, Project Manager Plant Licensing Branch I-1 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation

Docket No. 50-271

Enclosure:

As stated

cc w/encl: See next page

ML080710307 OFFICE LPLI-1/PM LPLI-1/LA LPLI-1/BC NAME JKim SLittle MKowal DATE 3/11/08 3/11/08 3/12/08 REQUEST FOR ADDITIONAL INFORMATION BY THE OFFICE OF NUCLEAR REACTOR REGULATION TO SUPPOT THE REVIEW OF THE VERMONT YANKEE NUCLEAR POWER STATION SPENT FUEL MANAGEMENT PLAN RAI No. 1:

Table 2 entitled, "Estimated Spent Fuel Management Costs" listed expenditures for the period from 2012 - 2017 at an estimated cost of $157 million in 2006 dollars. Describe in detail, the $157.0 million in expenditures for the period from 2012- 2017. Since Table 2 identified these costs as spent fuel management costs, how are these costs to be funded recognizing the decommissioning trust fund is required by NRC regulation, 10 CFR 50.75, for radiological decommissioning and not for spent fuel management costs or other non-radiological costs?

RAI No. 2

While the submittal identified the expenses associated with spent fuel storage, it did not include in the plan a mechanism for funding for the spent fuel costs. Section 5.2 entitled, "Financial Assurance" listed the balance in the decommissioning trust fund as of December 31, 2006, as $416.5 million.

For planning purposes, NRC regulations allow a licensee to take a 2% real rate of return credit on investments unless a higher rate is authorized by a regulated licensee's public utility commission. Vermont Yankee (VY) is not rate regulated, so the NRC staff applied a 2% real rate of return on the trust fund balance ($416.5 million) based on the regulation and deducted the expenses identified in Table 3, "Estimated Combined License Termination and Spent Fuel Management Costs." The results were that sufficient funds were not available to decommission VY. If the Table 2, "Estimated Spent Fuel Management Costs" were not included in the staff's analysis, sufficient funds are projected to be available to decommission VY based on the formula amount.

VY makes the statement that even taking out spent fuel expenses, sufficient funds would be available for decommissioning VY based on an after tax rate of return of 5.59% with an inflation rate of 3% or a rate of return of 6.62% with an inflation rate of 4%. In addition to assuming a real rate of return of greater than 2%, does this analysis take into account the $157.0 million spent from 2012 -2017, and the annual costs of approximately $6.2 million for the period 2018-2043. What are the bases for greater than 2% real rate of return, assumed by VY, not withstanding the limit of a 2% real rate set by the applicable regulation?

Enclosure Vermont Yankee Nuclear Power Station cc: Regional Administrator, Region I U. S. Nuclear Regulatory Commission

475 Allendale Road King of Prussia, PA 19406-1415 Mr. David R. Lewis Pillsbury, Winthrop, Shaw, Pittman, LLP 2300 N Street, N.W. Washington, DC 20037-1128 Mr. David O

=Brien, Commissioner Vermont Department of Public Service 112 State Street Montpelier, VT 05620-2601 Mr. James Volz, Chairman Public Service Board State of Vermont 112 State Street Montpelier, VT 05620-2701

Chairman, Board of Selectmen Town of Vernon P.O. Box 116 Vernon, VT 05354-0116 Operating Experience Coordinator Vermont Yankee Nuclear Power Station 320 Governor Hunt Road Vernon, VT 05354 G. Dana Bisbee, Esq. Deputy Attorney General 33 Capitol Street Concord, NH 03301-6937 Chief, Safety Unit Office of the Attorney General One Ashburton Place, 19th Floor Boston, MA 02108

Ms. Carla A. White, RRPT, CHP Radiological Health Vermont Department of Health P.O. Box 70, Drawer #43 108 Cherry Street Burlington, VT 05402-0070

Ms. Charlene D. Faison Manager, Licensing Entery Nuclear Operations 440 Hamilton Avenue White Plains, NY 10601 Resident Inspector Vermont Yankee Nuclear Power Station U. S. Nuclear Regulatory Commission P.O. Box 176 Vernon, VT 05354

Director, Massachusetts Emergency Management Agency ATTN: James Muckerheide 400 Worcester Rd. Framingham, MA 01702-5399

Jonathan M. Block, Esq. Main Street P.O. Box 566 Putney, VT 05346-0566

Mr. John F. McCann Director, Nuclear Safety & Licensing Entergy Nuclear Operations, Inc. 440 Hamilton Avenue White Plains, NY 10601 Mr. Michael R. Kansler President & CEO / CNO Entergy Nuclear Operations 1340 Echelon Parkway Jackson, MS 39213

Vermont Yankee Nuclear Power Station cc: Mr. John T. Herron Sr. Vice President Entergy Nuclear Operations, Inc. 1340 Echelon Parkway Jackson, MS 39213 Mr. William F. Maguire General Manager, Plant Operations Entergy Nuclear Operations Vermont Yankee Nuclear Power Station 320 Governor Hunt Road Vernon, VT 05354 Mr. Oscar Limpias Vice President, Engineering Entergy Nuclear Operations 1340 Echelon Parkway Jackson, MS 39213

Mr. John A. Ventosa GM, Engineering Entergy Nuclear Operations 440 Hamilton Avenue White Plains, NY 10601

Mr. Joseph P. DeRoy VP, Operations Support Entergy Operations, Inc. 1340 Echelon Parkway Jackson, MS 39213 Mr. John R. Dreyfuss Director, NSA Entergy Nuclear Operations Vermont Yankee Nuclear Power Station 320 Governor Hunt Road Vernon, VT 05354 Mr. David J. Mannai Manager, Licensing Entergy Nuclear Operations Vermont Yankee Nuclear Power Station P.O. Box 500 185 Old Ferry Road Brattleboro, VT 05302-0500 Mr. Christopher Schwarz Vice President, Operations Support Entergy Nuclear Operations, Inc. 440 Hamilton Avenue White Plains, NY 10601 Mr. Michael J. Colomb Director of Oversight Entergy Nuclear Operations, Inc. 440 Hamilton Avenue White Plains, NY 10601 Mr. William C. Dennis Assistant General Counsel Entergy Nuclear Operations, Inc. 440 Hamilton Avenue White Plains, NY 10601 Mr. Theodore Sullivan Site Vice President Entergy Nuclear Operations, Inc. Vermont Yankee Nuclear Power Station P.O. Box 500 185 Old Ferry Road Brattleboro, VT 05302-0500 Mr. James H. Sniezek 5486 Nithsdale Drive Salisbury, MD 21801

Mr. Garrett D. Edwards 814 Waverly Road Kennett Square, PA 19348

Ms. Stacey M. Lousteau Treasury Department Entergy Services, Inc. 639 Loyola Avenue New Orleans, LA 70113

Vermont Yankee Nuclear Power Station cc: Mr. Norman L. Rademacher Director, NSA Vermont Yankee Nuclear Power Station P.O. Box 0500 185 Old Ferry Road Brattleboro, VT 05302-0500

Mr. Raymond Shadis New England Coalition Post Office Box 98 Edgecomb, ME 04556 Mr. James P. Matteau Executive Director Windham Regional Commission 139 Main Street, Suite 505 Brattleboro, VT 05301 Mr. William K. Sherman Vermont Department of Public Service 112 State Street Drawer 20 Montpelier, VT 05620-2601

Mr. Michael D. Lyster 5931 Barclay Lane Naples, FL 34110-7306