|
|
| Line 16: |
Line 16: |
|
| |
|
| =Text= | | =Text= |
| {{#Wiki_filter:Dominion Energy Kewaunee, Inc. | | {{#Wiki_filter:}} |
| 5000 Dominion Boulevard, Glen Allen, VA 23060 Dominion Dominion Energy.com Energy March 25, 2021 U.S. Nuclear Regulatory Commission Serial No.: 21-081 Attention: Document Control Desk NRA/ENC: RO Washington, DC 20555 Docket No.: 50-305 License No.: DPR-43 DOMINION ENERGY KEWAUNEE, INC.
| |
| KEWAUNEE POWER STATION DECOMMISSIONING FUNDING STATUS REPORT, FINANCIAL TEST AND INDEPENDENT PUBLIC ACCOUNTANTS' LETTER OF ATTESTATION Pursuant to 10 CFR 50.75(f)(1) and 10 CFR 50.82(a)(8)(v)-(vii), Dominion Energy Kewaunee, Inc. (DEK) is providing this report on the status of decommissioning funding for Kewaunee Power Station (KPS). provides the following information for KPS:
| |
| Table I Decommissioning Funding Status Report for KPS:
| |
| Summary Information as of December 31, 2020 Table II Decommissioning Funding Status Report for KPS:
| |
| Annual Cash Flow Analysis Starting January 1, 2021 through End of Decommissioning The following information is provided in support and as part of this filing:
| |
| : 1. The escalation of decommissioning costs from the Cost Study's 2018 dollars to 2021 dollars is 1.71 % and is based upon the average of CPI-U rates, Bureau of Labor Statistics, FCPIU.US CPI: Consumer Price Index for All Urban Consumers, (Index, 1982-84=100, SA) for that period.
| |
| : 2. The escalation of decommissioning costs shown in Table II is held at 0.0% based on assuming a 2.0% Real Rate of Return.
| |
| : 3. The growth rate on Trust Funds is held at the allowed 2.0% Real Rate of Return over the escalation rate.
| |
| : 4. No rate regulatory authority citation for KPS is referenced because KPS is a merchant unit.
| |
| : 5. There are no contracts upon which DEK is relying under paragraph 10 CFR 50.75(e)(1 )(v) and there were no modifications to the current method of providing financial assurance since the last submitted report.
| |
| | |
| Serial No.: 21-081 Docket No.: 50-305 KPS Decommissioning Funding Status Report Page 2 of 3
| |
| : 6. There are no annual funding amounts for KPS.
| |
| : 7. Trust Fund balances shown in this report are market value and after-tax on realized gains and losses. The Trust Fund balances have not been adjusted for unrealized gain or loss positions not currently taxable.
| |
| : 8. Since the previous annual submittal on March 26, 2020 (Serial No. 20-113, ADAMS Accession No. ML20087M459) there have been no changes to the Trust agreements established for nuclear decommissioning of KPS.
| |
| Additionally, in a submittal dated January 28, 2015 (Serial No. 15-001, ADAMS Accession No. ML15034A312), Dominion Resources, Inc. (now known as Dominion Energy, Inc.)
| |
| committed to provide ongoing information pertaining to its continuing ability to provide additional financial assurance by submitting, by March 31 of each year in connection with DEK's annual financial assurance status report;
| |
| . (1) information demonstrating the results of the financial test in either Paragraph 11.A.1 or Paragraph 11.A.2 of Appendix A to 10 CFR Part 30 for the immediately preceding calendar year, and; (2) a letter from its independent certified public accountant attesting to the data and accuracy of the financial test 1. This information is included in Attachments 1 and 2, respectively.
| |
| Please contact Mr. Craig D. Sly at (804) 273-2784 if you have any questions or require additional information.
| |
| Sincerely, Mark. D. Sartain Vice President - Nuclear Engineering and Fleet Support Dominion Energy Kewaunee, Inc.
| |
| | |
| ==Enclosure:==
| |
| : 1. Decommissioning Funding Status Report for KPS: Summary Information as of December 31 , 2020 1 DEK is aware that the American Institute of Certified Public Accountants (AICPA) has informed the NRG that certified public accountants are precluded from issuing any form of report or assurance on matters related to solvency. (See ADAMS Accession No. ML13094A316.)
| |
| | |
| Serial No.: 21-081 Docket No.: 50-305 KPS Decommissioning Funding Status Report Page 3 of 3 Attachments:
| |
| : 1. Financial Test for Year Ended December 31, 2020, Paragraph I1.A.2 of Appendix A to 10 CFR Part 30
| |
| : 2. Deloitte & Touche LLP Attesting Letter of Accuracy of the Financial Test Commitments made in this letter: None cc: U. S. Nuclear Regulatory Commission Region Ill 2443 Warrenville Road, Suite 210 Lisle, Illinois 60532-4352 Ms. Marlayna Doell NRC Senior Project Manager Kewaunee Power Station U. S. Nuclear Regulatory Commission Mail Stop T-5A10 Washington, DC 20555-0001
| |
| | |
| Serial No.: 21-081 Docket No.: 50-305 ENCLOSURE Decommissioning Funding Status Report for KPS:
| |
| Summary Information as of December 31, 2020 Kewaunee Power Station Dominion Energy Kewaunee, Inc. (DEK)
| |
| | |
| Serial No.: 21-081 Docket No.: 50-305 KPS Decommissioning Funding Status Report Enclosure, Page 1 of 4 Table I. Decommissioning Funding Status Report for KPS: Summary Information as of December 31, 2020 Decommissioning Funding Status Report for KPS Summary Information as of December 31, 2020 10 CFR 50.82 (a)(8)(v)-(vii)
| |
| (in millions)
| |
| Decommissioninc Trust Fund Balances 10 CFR Reference I50.82/al/SlMIAl I50.82lall81/viil1Al Fund Balance Type of Trusts Comments
| |
| $ 910.2 Qualified fund balance Asof: 12/31/2020
| |
| $ - Non-qualified fund balance Asof: 12/31/2020
| |
| $ 129.8 Less costs incurred prior years but not yet billed to Trust Actual Cost in: As Spent Dollars
| |
| $ 780.4 Adjusted decommissionlro fund balance Asaf: 12/31/2020 Other Financial Assurance Methods Being Relied Upon 10 CFR Reference l50.82Ial!8lMIAl I None Prior Years Decommissioning Expenditures 10 CFR Reference lso.82/aHSIMIAl I Total License Term Spent Fuel Mgmt Site Restoration Comments
| |
| $ 12.8 $ 3.5 $ 9.4 $ - 2020 Cost in: 2020 Dollars
| |
| - 2012-2020 Cost in: Dollars 289.3 $
| |
| 302.1 $
| |
| 113.7 117.2 4 175.6 $
| |
| 184.9 $ - I ala! Prior Year in:
| |
| As Scent As Soent Dollars Prior Year Expenditures
| |
| * Variance to Estimated Escalated Cost 10 CFR Reference l50.82(al(8l(v)(B) I Total License Term Spent Fuel Mgmt Site Restoration Comments
| |
| $ 12.8 $ 3.5 $ 9.4 $ - Actual Cost in: 2020 Dollars
| |
| $ 8.0 $ 1.9 $ 6.1 $ - NRC Auth. $ in: 2020 Dollars
| |
| $ 4.8 $ 1.6 $ 3.3 $ -
| |
| Variance: Higher overhead, taxes and staffing costs Remaining Decommissioning Estimated Cost 10 CFR Reference I 50.82(all8IM1BI I 50.82/aHSHviil(Bl Total License Term Spent Fuel Mgmt Site Restoration Comments
| |
| $ 906.9 $ 561.3 $ 305.4 $ 40.2 Estimate in: 2021 Dollars Decommissioning Criteria Upon Which the Estimate is Based 10 CFR Reference l50.821al/8llv)(Bl I SAFSTOR Any Modification To Method of Providing Financial Assurance 1o CFR Reference ls0.82(all8Hvl/Cl I None Any Material Changes To Trust Agreement Since Previous Report 10 CFR Reference I50.82(al(8)(v)(D) I None Need For Additional Financial Assurance 10 CFR Reference I50.82(al(8l(vil I50.82(al(8)(viil(C)
| |
| None See Annual Cash Flow Analysis In Table II Inputs to Remaining Cost and Funding Analysis I I 2021 Start vear of analysis 1.71% Escalate study dollars from 2018$ to Start Year of Analysis usinQ CPI averai:ie (2018 to 2021) 0.00% Escalation rate 2021 & beyond 2.00% Fund orowth rate 2021 & bevond (Reflects NRC allowed 2% Real Rate of Return)
| |
| Annual expenditures Proiected annual exoendilures - see Annual Cash Flow Analysis in Table II
| |
| | |
| Serial No.: 21-081 Docket No.: 50-305 KPS Decommissioning Funding Status Report Enclosure, Page 2 of 4 Table II. Decommissioning Funding Status Report for KPS: Annual Cash Flow Analysis Starting January 1, 2021 through End of Decommissioning Decommissioning Funding Status Report for KPS Annual Cash Flow Analysis Starting January 1, 2021 through End of Decommissioning 10 CFR 50.82 (a)(8)(v)-(vii)
| |
| (lnmllllonsl
| |
| ~ &2.!!JlDn.Z ~ ~ Columns ~
| |
| Beginning Earnings Remaining Remaining Remaining Remaining of on License Termination Spent Fuel Mgmt Site Restoration SAFSTOR of Year Trust Funds Expenditures Expenditures Expenditures Expenditures Year Year Balance (Reflects 2% RRoRl (Reflects 0% Esc\ !Reflects 0% Escl (Reflects 0% Escl fReflects 0% Escl Balance 2021 $ 780.4 $ 15.5 $ 3.4 $ 9.7 $ - $ 13.0 $ 782.9 2022 $ 782.9 $ 15.5 $ 3.2 $ 9.7 $ . $ 12.9 $ 785.5 2023 $ 785.5 $ 15.6 $ 3.6 $ 9.8 $ - $ 13.4 $ 787.8 2024 $ 787.8 $ 15.6 $ 3.3 $ 9.7 $ . $ 12.9 $ 790.5 2025 $ 790.5 $ 15.7 $ 3.0 $ 9.8 $ . $ 12.8 $ 793.3 2026 $ 793.3 $ 15.7 $ 3.0 $ 9.7 $ . $ 12.6 $ 796.4 2027 $ 796.4 $ 15.8 $ 2.2 $ 9.0 $ . $ 11.2 $ 801.1 2028 $ 801.1 $ 15.9 $ 2.6 $ 9.4 $ . $ 12.0 $ 805.0 2029 $ 805.0 $ 16.0 $ 2.2 $ 8.9 $ . $ 11.1 $ 809.9 2030 $ 809.9 $ 16.1 $ 2.2 $ 8.9 $ . $ 11.1 $ 814.8 2031 $ 814.8 $ 16.2 $ 2.2 $ 8.9 $ . $ 11.1 $ 819.9 2032 $ 811-l.>l $ 16.3 $ 2.3 $ 8.9 $ . $ 11.2 $ 825.0 2033 $ 825.0 $ 16.4 $ 3.4 $ 10.5 $ . $ 13.9 $ 827.5 2034 $ 827.5 $ 16.4 $ 2.3 $ 8.9 $ - $ 11.2 $ 832.7 2035 $ 832.7 $ 16.5 $ 2.2 $ 8.9 $ - $ 11.1 $ 838.1 2036 $ 838.1 $ 16.6 $ 2.2 $ 9.3 $ - $ 11.5 $ 843.2 2037 $ 843.2 $ 16.8 $ 2.2 $ 9.0 $ . $ 11.2 $ 848.8 2038 $ 848.8 $ 16.9 $ 2.4 $ 9.0 $ - $ 11.4 $ 854.3 2039 $ 854.3 $ 17.0 $ 2.0 $ 8.9 $ . $ 10.9 $ 860.3 2040 $ 860.3 $ 17.1 $ 2.1 $ 8.9 $ . $ 11.0 $ 866.4 2041 $ 866.4 $ 17.2 $ 2.0 $ 9.2 $ - $ 11.3 $ 872.3 2042 $ 872.3 $ 17.3 $ 2.0 $ 8.9 $ . $ 10.9 $ 878.7 2043 $ 878.7 $ 17.5 $ 2.3 $ 9.0 $ . $ 11.3 $ 884.8 2044 $ 884.8 $ 17.6 $ 2.0 $ 8.9 $ . $ 10.9 $ 891.5 2045 $ 891.5 $ 17.7 $ 2.2 $ 9.2 $ - $ 11.4 $ 897.8 2046 $ 897.8 $ 17.8 $ 2.0 $ 9.2 $ . $ 11.3 $ 904.4 2047 $ 904.4 $ 18.0 $ 2.0 $ 9.0 $ . $ 11.0 $ 911.4 2048 $ 911.4 $ 18.1 $ 2.6 $ 10.2 $ . $ 12.8 $ 916.7 2049 $ 916.7 $ 18.2 $ 2.1 $ 8.9 $ - $ 11.0 $ 923.9 2050 $ 923.9 $ 18.4 $ 2.0 $ 8.9 $ - $ 10.9 $ 931.3 2051 $ 931.3 $ 18.5 $ 2.0 $ 9.2 $ . $ 11.3 $ 938.6 2052 $ 938.6 $ 18.6 $ 2.1 $ 13.9 $ . $ 16.0 $ 941.2 2053 $ 941.2 $ 18.8 $ 4.1 $ . $ . $ 4.1 $ 956.0 2054 $ 956.0 $ 19.1 $ 3.6 $ . $ . $ 3.6 $ 971.4 2055 $ 971.4 $ 19.4 $ 3.5 $ . $ - $ 3.5 $ 987.3 2056 $ 987.3 $ 19.7 $ 3.6 $ . $ - $ 3.6 $ 1,003.4 2057 $ 1,003.4 $ 20.0 $ 3.6 $ . $ . $ 3.6 $ 1,019.9 2058 $ 1,019.9 $ 20.4 $ 3.8 $ . $ . $ 3.8 $ 1,036.4 2059 $ 1,036.4 $ 20.7 $ 3,5 $ . $ . $ 3.5 $ 1,053.6 2060 $ 1,053.6 $ 21.0 $ 3.7 $ - $ . $ 3.7 $ 1,071.0 2061 $ 1 071.0 $ 21.4 ,$ 3.6 $ - $ - $ 3.6 $ 1,088.8 2062 $ 1,088.8 $ 21.7 ,$ 3.5 $ - $ . $ 3.5 $ 1,107.0 2063 $ 1,107.0 $ 22.1 $ 3.8 $ - $ - $ 3.8 $ 1,125.2 2064 $ 1,125.2 $ 22.5 $ 3.6 $ - $ . $ 3.6 $ 1,144.1 2065 $ 1,144.1 $ 22.8 $ 3.5 $ . $ . $ 3.5 $ 1,163.4 2066 $ 1,163.4 $ 23.2 $ 5.0 $ . $ - $ 5.0 $ 1,181.7 2067 $ 1,181.7 $ 23.5 $ 10.6 $ . $ - $ 10.6 $ 1,194.5 2068 $ 1,194.5 $ 23.4 $ 45.3 $ . $ - $ 45.3 $ 1,172.6 2069 $ 1,172.6 $ 22.5 $ 98.7 $ . $ . $ 98.7 $ 1,096.4 2070 $ 1 096.4 $ 20.8 $ 116.0 $ 0.5 $ . $ 116.6 $ 1,000.6 2071 $ 1,000.6 $ 19.0 $ 97.0 $ 1.2 $ 6.5 $ 104.8 $ 914.8 2072 $ 914.8 $ 17.4 $ 60.5 $ 3.3 :I; 23.2 $ 87.0 $ 845.2 2073 $ 845.2 $ 16.8 $ 3.2 $ u.*1 ;i, 10.5 $ 13.7 $ 848.2 Remaining$ in 2021 Dollars $ 561.3 $ 305.4 $ 40.2 $ 906.9 Est. Fund Balance (end of Decommissioning) (in Future $ escalated at 0.0% & 2.0% Real Rate of Return Fund Growth Rate) $ 848.2 Est. Fund Balance (end of Decommissioning) discount to 2021 Dollars Discount Rate = 2.00% $ 302.9
| |
| | |
| Serial No.: 21-081 Docket No.: 50-305 KPS Decommissioning Funding Status Report Enclosure, Page 3 of 4 Table II Definitions:
| |
| Column 1 Beginning of Year Balance:
| |
| Reflects the beginning-of-year Trust Fund balance at a 0.0% cost escalation rate and a 2.0% Real Rate of Return (RRoR) on fund growth.
| |
| Column 2 Earnings on Trust Funds:
| |
| Reflects earnings on funds remaining in the Trust. A 2.0% RRoR Fund growth rate is used for 2021 through 2073 which reflects the allowed 2.0%
| |
| RRoR over a 0.0% cost escalation rate. The annual 2.0% RRoR earnings are calculated on the beginning balance less 50% of the projected annual expenditure for each year.
| |
| Column 3 Remaining License Termination Expenditures:
| |
| Reflects the annual License Termination Plan cost portion at a 0.0%
| |
| escalation rate from the Site Specific Estimate.
| |
| Column 4 Remaining Spent Fuel Management Expenditures:
| |
| Reflects the annual Irradiated Fuel Management Plan cost portion at a 0.0%
| |
| escalation rate from the Site Specific Estimate. This column provides information related to funding for managing irradiated fuel as required by 10 CFR 50.82(a)(8)(vii).
| |
| Column 5 Remaining Site Restoration Expenditures:
| |
| Reflects the annual Site Restoration Plan cost portion at a 0.0% escalation rate from the Site Specific Estimate.
| |
| Column 6 Remaining SAFSTOR Expenditures:
| |
| Reflects the annual SAFSTOR Decommissioning Plan cost at a 0.0%
| |
| escalation rat~ from the Site Specific Estimate.
| |
| Column 7 End of Year Balance:
| |
| Reflects the end of year Trust Fund balance after projected earnings are added and projected expenditures are deducted for the year specified at a 0.0% escalation rate and a 2.0% RRoR on fund growth.
| |
| | |
| Serial No.: 21-081 Docket No.: 50-305 KPS Decommissioning Funding Status Report Enclosure, Page 4 of 4 Tables I and II General Notes: (Any minor differences in totals are due to rounding.)
| |
| : 1) Table I Prior Year Expenditures - Variance to Estimated Escalated Cost compares actual expenditures to estimates obtained from revised site-specific cost and schedule tables that were provided in an update to the KPS Post-Shutdown Decommissioning Activities Report (Serial No. 14-116, ADAMS Accession No. ML14118A382) dated April 25, 2014. Table I Remaining Decommissioning Estimated Cost and Table II are based on a Decommissioning Cost Estimate dated November 22, 2018.
| |
| : 2) The Trust Fund Balance reflects market value on December 31, 2020, net of taxes on realized gains and losses.
| |
| : 3) The 2.0% RRoR is based on the rate allowed by 10 CFR 50.75(e)(1){i) and 10 CFR 50.82(a)(8)(vi) and not on any order by a rate setting authority.
| |
| : 4) The funding method for providing financial assurance for decommissioning KPS remains prepayment. This cash flow analysis demonstrates that the amounts accumulated in the Trust are sufficient, with credited earnings at a 2.0% RRoR, to cover the estimated cost of radiological decommissioning, spent fuel management and site restoration.
| |
| : 5) By {{letter dated|date=January 28, 2015|text=letter dated January 28, 2015}} (ADAMS Accession No. ML15034A312) DEK submitted a Commitment to establish a Parent Company Guarantee (PCG) and a Notice of Request to Discontinue an Existing Parent Support Agreement (PSA) from Dominion Resources, Inc. (ORI). The PCG provides additional financial assurance to address any potential shortfalls in decommissioning funding assurance for KPS, up to $60 million. By {{letter dated|date=December 14, 2015|text=letter dated December 14, 2015}} (ADAMS Accession No. ML15344A503), the NRC notified DEK that it had no objection to the cancellation of the
| |
| $60 million PSA, issued by ORI, for KPS.
| |
| : 6) The cash flow analysis in Table II shows that the funds accumulated in the Trust are sufficient, with credited earnings at a 2.0% real rate of return, to cover the estimated cost of radiological decommissioning, spent fuel management and site" restoration.
| |
| : 7) On May 21, 2014 (ADAMS Accession No. ML13337A287), the NRC granted DEK an exemption allowing the Trust to be used for spent fuel management costs.
| |
| | |
| Serial No.: 21-081 Docket No.: 50-305 ATTACHMENT 1 Financial Test for Year Ended December 31, 2020 Paragraph 11.A.2 of Appendix A to 10 CFR Part 30 Kewaunee Power Station Dominion Energy Kewaunee, Inc. (DEK)
| |
| | |
| James R. Chapman Executive Vice President, Chief Financial Officer and Treasurer Dominion Energyr;,
| |
| 120 Tredegar Street, Richmond, VA 23219 DominionEnergy.com March 25, 2021 FINANCIAL TEST FOR YEAR ENDED DECEMBER 31, 2020 Paragraph II. A.2 of Appendix A to 10 CFR Part 30 A. Maximum Guarantee Amount for Facility License No. DPR-43: $60 million B. Dominion Energy Inc. issued $1,000,000,000 of 3 year unsecured senior notes on September 17, 2020. The issuance was rated BBB by Standard and Poor's and Baa2 by Moody's at the time of settlement and maintains these ratings today.
| |
| C. DEi's tangible net worth (millions of dollars):
| |
| Total Equity $26,117 Less: Net Book Value of the Nuclear Facility and Site (KPS)
| |
| Goodwill of the Nuclear Facility and Site (KPS)
| |
| (i) Total Net Worth $26,117 Less: Goodwill 7,381 Intangible Assets 765 (ii) Tangible Net Worth $ 17.971 DEi Total Assets $95,905 Less: Foreign Assets Total US Assets $95,905 FINANCIAL TESTS NO
| |
| : 1. Is line C (ii) at least $21 Million?
| |
| : 2. Is line C (i) at least 6 times the guarantee amount of $60 million?
| |
| : 3. a. Are at least 90 percent of the firm's assets located in the U.S.?
| |
| or,
| |
| : b. Is line C (i) at least 6 times the guarantee amount of $60 million?
| |
| Page 1 of 2
| |
| : 4. a. Are bond ratings BBB (including+/- adjustments) or above as issued by Standard and Poor's or,
| |
| : b. Are bond ratings Baa (including+/- adjustments) or above as issued by Moody's I hereby certify that the content of this Financial Test: Paragraph 11.A.2 of Appendix A to 10 CFR Part 30 is true and correct to the best of my knowledge.
| |
| cutive Vice President, Chief Financial Officer and Treasurer, Dominion Energy, Inc.
| |
| Page 2 of 2
| |
| | |
| Serial No.: 21-081 Docket No.: 50-305 ATTACHMENT 2 Deloitte & T ouche LLP Attesting Letter of Accuracy of the Financial Test Kewaunee Power Station Dominion Energy Kewaunee, Inc. (DEK)
| |
| | |
| Serial No.: 21-081 Docket No.: 50-305 KPS Decommissioning Funding Status Report Attachment 2, Page 1 of 2 Delojtte. Deloitte & Touche LLP Suite820 901 East Byrd Slreet Richmond, VA 23219 USA Tel: +1804 6971500 Fax: +1 804 697 1825 www.deloilte.com INDEPENDENT ACCOUNTANTS' REPORT ON APPLYING AGREED-UPON PROCEDURES To the Board of Directors of Dominion Energy, Inc.
| |
| Richmond, Virginia We have performed the procedures included in Appendix A. Part 30 of Title 10, which are required by the U.S. Nuclear Regulatory Commission and agreed to by Dominion Energy, luc. ("Dominion Energy"), as parent company of Dominion Energy Kewaunee, Inc., licensed operator of the Kewaunee Power Station, solely to assist the specified parties in evaluating the Dominion Energy's compliance with the financial test as of December 31, 2020, included in the accompanying {{letter dated|date=March 25, 2021|text=letter dated March 25, 2021}} from James Chapman, Executive Vice President, Chief Financial Officer and Treasurer of Dominion Energy, Inc. Management is responsible for compliance with those requirements. TI1e sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose.
| |
| The procedures that we performed and related findings are as follows:
| |
| : 1. We compared the bond rating in Attachment I to Dominion Energy's Financial Assurance Letter to the most recently issued reports ofS&P and Moody's covering Dominion Energy, noting no differences.
| |
| : 2. We compared amounts identified as "Total Equity", "Goodwill", "lutangible Assets",
| |
| and "DEI Total Assets" in Attachment 1 to Dominion Energy's Financial Assurance Letter to the corresponding amounts in Dominion Energy's audited consolidated financial statements as of December 31, 2020, on which we have issued our report dated February 25, 2021, noting no differences.
| |
| : 3. We compared amounts identified as "Net Book Value of the Nuclear Facility and Site (KPS)", "Goodwill of the Nuclear Facility and Site (KPS)", and "Foreign Assets" in Attachment 1 to Dominion Energy's Financial Assurance Letter to the corresponding amounts in a schedule prepared by Dominion Energy. We agreed the total shown in the schedule to the co1Tesponding amount in Dominion Energy's audited consolidated financial statements as of December 31, 2020, on which we have issued our report dated Febmary 25, 2021, noting no differences.
| |
| : 4. We recomputed the mathematical accuracy of the amounts identified as "Total Net Wotih", "Tangible Net Worth", and "Total US Assets" in Attachment I to Dominion Energy's Financial Assurance Letter without exception.
| |
| Memb-eror Detoitle Touche Tohmatsu Limited
| |
| | |
| Serial No.: 20-081 Docket No.: 50-305 KPS Decommissioning Funding Status Report Attachment 2, Page 2 of 2 With respect lo procedures outlined in Parngmph 11.B of Appendix A, Pari JO of Titk IO of the Uniicd Stales Code o( FcdcrnJ Regulations. professional standards prcdudcus from providing any form of rcporl or ttssui-:mce on matters relating to solvency. Accordingly, no such form of report ot a;;sw*anc-0 is provide<l.
| |
| *1 his agreed-up,m 1>roccdure:i engngc,no11t was c<mductcd In m:cordnncc wilh attestation suut4uJs 1..>stablbl11;:d bv the American lnstituli$ ofCcrti!icd Public Accountants. We wme not or engaged to and did 1101 *1:01Kluc1 an examination or 11.'Vicw, the objective which \vt.lUl<l he the cs11rcMion ofn11 opinion or conclw1io11. respectively. on c,1mplianc-l.i of1hc Financiul Test Accordingly, we do m:>! cxpre:-;s :n1ch 11n opinion orc.fim:lusion. Hnd we pcrfrmncd m:ldiliom1I procedures, other mnUcra mi!!,bl ruwc come lo our 11llcuticm lhl1t \\f!lild luwc l>>:i:n rcpotlcd In you.
| |
| This report ii; intended soldy for the infomullion nnd use of lhi: .bonrd of din.'Ctorn and m11nagcmcn1 oft>ominion Energy and Dominion Energy Kcwau11ec, Inc,. and lhc lLS.
| |
| Nuclcnr Regulatory l'ommission. nnd is not intended to be imd should not be used by anyone other th:rn these spccit1cd parties.
| |
| M1trch 25. 2021}}
| |
