L-20-023, Report on Status of Decommissioning Funding for Reactors and Independent Spent Fuel Storage Installations: Difference between revisions

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Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909
Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909  
                                 

10 CFR 50.75 10 CFR 50.82 March 31, 2020 U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555 Oyster Creek Nuclear Generating Station Renewed Facility Operating License No. DPR-16 NRC Docket No. 50-219 and 72-15 Pilgrim Nuclear Power Station Renewed Facility Operating License No. DPR-35 NRC Docket No. 50-293 and 72-1044

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10 CFR 50.75 10 CFR 50.82 March 31, 2020 U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555 Oyster Creek Nuclear Generating Station Renewed Facility Operating License No. DPR-16 NRC Docket No. 50-219 and 72-15 Pilgrim Nuclear Power Station Renewed Facility Operating License No. DPR-35 NRC Docket No. 50-293 and 72-1044  


==Subject:==
==Subject:==
Report on Status of Decommissioning Funding for Reactors and Independent Spent Fuel Storage Installations
Report on Status of Decommissioning Funding for Reactors and Independent Spent Fuel Storage Installations  




==Reference:==
==Reference:==
 [1]       Letter Exelon Generation Corporation to US NRC³2\VWHU&UHHN

Application for Order Approving Direct Transfer of Renewed Facility Operating License and General License and Proposed Conforming
[1]
                        /LFHQVH$PHQGPHQW'GDWHG$XJXVW (ML18243A489)
Letter Exelon Generation Corporation to US NRC³2\\VWHU&UHHN
[2]     Letter from Entergy Nuclear Operations, Inc. WR8615&³Application for Order Consenting to Direct and Indirect Transfers of Control of Licenses and Approving Conforming License Amendment; Notification of Amendment to Decommissioning Trust Agreement; and Request for Exemption from 10 CFR 50.82 (a)(8)(i)(A), Pilgrim Nuclear Power Station,' dated November 16, 2018 (ML18320A031)
Application for Order Approving Direct Transfer of Renewed Facility Operating License and General License and Proposed Conforming  
[3]     Letter from US NRC to Exelon Generation Company, LLC, ³Order Approving Transfer of the Oyster Creek Nuclear Generating Station and Conforming License Amendment'GDWHGJune 20, 2019 (ML19095A458)
/LFHQVH$PHQGPHQW'GDWHG$XJXVW (ML18243A489)
[4]     Letter from US NRC to Entergy Nuclear Operations, Inc.³3LOJULP
[2]
Nuclear Power Station²Order Approving Direct and Indirect Transfer of License and Conforming Amendment'GDWHGAugust 22, 2019 (ML19170A101)
Letter from Entergy Nuclear Operations, Inc. WR8615&³Application for Order Consenting to Direct and Indirect Transfers of Control of Licenses and Approving Conforming License Amendment; Notification of Amendment to Decommissioning Trust Agreement; and Request for Exemption from 10 CFR 50.82 (a)(8)(i)(A), Pilgrim Nuclear Power Station,' dated November 16, 2018 (ML18320A031)
[3]
Letter from US NRC to Exelon Generation Company, LLC, ³Order Approving Transfer of the Oyster Creek Nuclear Generating Station and Conforming License Amendment'GDWHGJune 20, 2019 (ML19095A458)
[4]
Letter from US NRC to Entergy Nuclear Operations, Inc.³3LOJULP
Nuclear Power Station²Order Approving Direct and Indirect Transfer of License and Conforming Amendment'GDWHGAugust 22, 2019 (ML19170A101)  
 

Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909


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Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909
[5]
                                
Letter, Holtec Decommissioning International, LLC to US NRC,  
[5]     Letter, Holtec Decommissioning International, LLC to US NRC,
³1RWLILFDWLRQRI5HYLVHG3RVW-Shutdown Decommissioning Activities Report and Revised Site-Specific Decommissioning Cost Estimate for Oyster Creek Nuclear Generating 6WDWLRQ'September 28, 2018 (ML18275A116)
                        ³1RWLILFDWLRQRI5HYLVHG3RVW-Shutdown Decommissioning Activities Report and Revised Site-Specific Decommissioning Cost Estimate for Oyster Creek Nuclear Generating 6WDWLRQ'September 28, 2018 (ML18275A116)
Letter, Holtec Decommissioning International, LLC to US NRC,  
Letter, Holtec Decommissioning International, LLC to US NRC,
³1RWLILFDWLRQRI5HYLVHG3RVW-Shutdown Decommissioning Activities Report and Revised Site-Specific Decommissioning Cost Estimate for 3LOJULP1XFOHDU3RZHU6WDWLRQ'November 16, 2018 (ML18320A040)
                        ³1RWLILFDWLRQRI5HYLVHG3RVW-Shutdown Decommissioning Activities Report and Revised Site-Specific Decommissioning Cost Estimate for 3LOJULP1XFOHDU3RZHU6WDWLRQ'November 16, 2018 (ML18320A040)
In accordance with 10 CFR 50.75(f)(1), 10 CFR 50.82(a)(8)(v), 10 CFR 50.82(a)(8)(vi), and 10 CFR 50.82(a)(8)(vii), Holtec Decommissioning International, LLC (HDI) is submitting the annual status of decommissioning funding, status of funding for managing irradiated fuel, and the financial assurance report for Oyster Creek Nuclear Generating Station (Oyster Creek) and Pilgrim Nuclear Power Station (Pilgrim). The annual decommissioning funding assurance reports for the period ending December 31, 2019 for Oyster Creek and Pilgrim are provided in Enclosures 1 and 2 to this letter respectively. The Attachment to this letter provides the methodology used to calculate the formula cost amount per 10 CFR 50.75(c).
In accordance with 10 CFR 50.75(f)(1), 10 CFR 50.82(a)(8)(v), 10 CFR 50.82(a)(8)(vi), and 10 CFR 50.82(a)(8)(vii), Holtec Decommissioning International, LLC (HDI) is submitting the annual status of decommissioning funding, status of funding for managing irradiated fuel, and the financial assurance report for Oyster Creek Nuclear Generating Station (Oyster Creek) and Pilgrim Nuclear Power Station (Pilgrim). The annual decommissioning funding assurance reports for the period ending December 31, 2019 for Oyster Creek and Pilgrim are provided in Enclosures 1 and 2 to this letter respectively. The Attachment to this letter provides the methodology used to calculate the formula cost amount per 10 CFR 50.75(c).
On July 1, 2019, Oyster Creek was transferred to Oyster Creek Environmental Protection, LLC (OCEP) as the licensed owner and HDI as the licensed operator for decommissioning (References 1 and 3). On August 27, 2019, Pilgrim was transferred to Holtec Pilgrim, LLC (Holtec Pilgrim) as the licensed owner and HDI as the licensed operator for decommissioning (References 2 and 4). HDI prepared and submitted revised Post-Shutdown Decommissioning Activities Reports (PSDARs) including revised Site-Specific Decommissioning Cost Estimates (DCEs) for each of these sites (References 5 and 6).
On July 1, 2019, Oyster Creek was transferred to Oyster Creek Environmental Protection, LLC (OCEP) as the licensed owner and HDI as the licensed operator for decommissioning (References 1 and 3). On August 27, 2019, Pilgrim was transferred to Holtec Pilgrim, LLC (Holtec Pilgrim) as the licensed owner and HDI as the licensed operator for decommissioning (References 2 and 4). HDI prepared and submitted revised Post-Shutdown Decommissioning Activities Reports (PSDARs) including revised Site-Specific Decommissioning Cost Estimates (DCEs) for each of these sites (References 5 and 6).
The decommissioning funding assurance amount and the funding assurance for spent fuel management for each site is based on site-specific decommissioning cost estimates developed in accordance with 10 CFR 50.82(a) (References 5 and 6). The HDI revised PSDAR and DCE for each site are based on a transition to the DECON decommissioning status following license transfer allowing for the prompt decommissioning of each site and the unrestricted release of all portions of the site other than the ISFSI sooner than was planned by the previous site owners.
The decommissioning funding assurance amount and the funding assurance for spent fuel management for each site is based on site-specific decommissioning cost estimates developed in accordance with 10 CFR 50.82(a) (References 5 and 6). The HDI revised PSDAR and DCE for each site are based on a transition to the DECON decommissioning status following license transfer allowing for the prompt decommissioning of each site and the unrestricted release of all portions of the site other than the ISFSI sooner than was planned by the previous site owners.
The HDI PSDARs describe the selected methods HDI plans to use for the decontamination, dismantlement, spent fuel management and site restoration of each site. The site-specific DCEs also include the estimated costs to decommission the Independent Spent Fuel Storage Installations (ISFSIs) following spent fuel and Greater than Class C (GTCC) waste removal from the site. References 5 and 6 provide the project scope and schedule along with the associated cost estimate for each site. The project scope includes efforts to remove fuel from the spent fuel pool and place it into long-term, dry cask storage at the ISFSI.
The HDI PSDARs describe the selected methods HDI plans to use for the decontamination, dismantlement, spent fuel management and site restoration of each site. The site-specific DCEs also include the estimated costs to decommission the Independent Spent Fuel Storage Installations (ISFSIs) following spent fuel and Greater than Class C (GTCC) waste removal from the site. References 5 and 6 provide the project scope and schedule along with the associated cost estimate for each site. The project scope includes efforts to remove fuel from the spent fuel pool and place it into long-term, dry cask storage at the ISFSI.  
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Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909
Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909  
                                                   

+',¶VGHFRPPLVVLRQLQJPDQDJHPHQWVWUDWHJ\IRU2\VWHU&UHHk and Pilgrim, including scope, schedule and cost estimates, were provided in the DECON Post-Shutdown Decommissioning Activities Reports (PSDARs) that were submitted to NRC in support of the respective applications for license transfer (References 5 and 6). 15&UHYLHZRI+',¶VGHFRPPLVVLRQLQJ

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+',¶VGHFRPPLVVLRQLQJPDQDJHPHQWVWUDWHJ\\IRU2\\VWHU&UHHk and Pilgrim, including scope, schedule and cost estimates, were provided in the DECON Post-Shutdown Decommissioning Activities Reports (PSDARs) that were submitted to NRC in support of the respective applications for license transfer (References 5 and 6). 15&UHYLHZRI+',¶VGHFRPPLVVLRQLQJ
management strategy, schedule and cost estimates as well as associated funding assurance was accomplished to support NRC approval of the transfer of the Oyster Creek and Pilgrim licenses to OCEP and Holtec Pilgrim as the licensed owner respectively and HDI as the licensed operator. Since the site transfers occurred in mid-year, the decommissioning funding, irradiated fuel management funding, and financial assurance status provided in Enclosures 1 and 2 cover the time period from July 1, 2019 through December 31, 2019 for Oyster Creek and August 27, 2019 through December 31, 2019 for Pilgrim. The Beginning of Year Fund Amount is the amount in the Nuclear Decommissioning Trust (NDT) on the date of license transfer for each site net of current tax liabilities. The costs expenditures and reimbursements documented in Enclosures 1 and 2 provide +',¶VFRVWVDQGUHLPEXUVHPHQWVPDGHVLQFHWKHWUDQVIHUGDWHVIRU
management strategy, schedule and cost estimates as well as associated funding assurance was accomplished to support NRC approval of the transfer of the Oyster Creek and Pilgrim licenses to OCEP and Holtec Pilgrim as the licensed owner respectively and HDI as the licensed operator. Since the site transfers occurred in mid-year, the decommissioning funding, irradiated fuel management funding, and financial assurance status provided in Enclosures 1 and 2 cover the time period from July 1, 2019 through December 31, 2019 for Oyster Creek and August 27, 2019 through December 31, 2019 for Pilgrim. The Beginning of Year Fund Amount is the amount in the Nuclear Decommissioning Trust (NDT) on the date of license transfer for each site net of current tax liabilities. The costs expenditures and reimbursements documented in Enclosures 1 and 2 provide +',¶VFRVWVDQGUHLPEXUVHPHQWVPDGHVLQFHWKHWUDQVIHUGDWHVIRU
each site.
each site.
Line 59: Line 72:
Accordingly, HDI concludes that no further action is required at this time to demonstrate adequate funding assurance for decommissioning the Oyster Creek and Pilgrim sites.
Accordingly, HDI concludes that no further action is required at this time to demonstrate adequate funding assurance for decommissioning the Oyster Creek and Pilgrim sites.
There are no regulatory commitments contained within this letter If you should require any further information, please contact me at (856) 797-0900 x 3813.
There are no regulatory commitments contained within this letter If you should require any further information, please contact me at (856) 797-0900 x 3813.
Sincerely, Andrea L.
Sincerely, Andrea L. Sterdis VP Regulatory and Environmental Affairs Holtec Decommissioning International, LLC Digitally signed by Andrea L. Sterdis DN: cn=Andrea L. Sterdis, c=US, o=HDI, ou=Holtec Decommissioning International, email=andrea.sterdis@holtec.com Date: 2020.03.31 17:34:17 -04'00' Andrea L.
Digitally signed by Andrea L. Sterdis DN: cn=Andrea L. Sterdis, c=US, o=HDI, ou=Holtec Sterdis Decommissioning International, email=andrea.sterdis@holtec.com Date: 2020.03.31 17:34:17 -04'00' Andrea L. Sterdis VP Regulatory and Environmental Affairs Holtec Decommissioning International, LLC
Sterdis
 

Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909


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Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909
                                


==Enclosures:==
==Enclosures:==
 
(1)
(1)       Annual Decommissioning Funding Assurance and Spent Fuel Management Report for Oyster Creek Nuclear Generating Station (2)       Annual Decommissioning Funding Assurance and Spent Fuel Management Report for Pilgrim Nuclear Power Station
Annual Decommissioning Funding Assurance and Spent Fuel Management Report for Oyster Creek Nuclear Generating Station (2)
Annual Decommissioning Funding Assurance and Spent Fuel Management Report for Pilgrim Nuclear Power Station  


==Attachment:==
==Attachment:==
Methodology Used to Calculate the Formula Cost Amount per 10 CFR 50.75(c) cc:     USNRC Regional Administrator, Region I USNRC Project Manager, NMSS Oyster Creek USNRC Project Manager, NMSS Pilgrim Massachusetts Emergency Management Agency (MEMA), Director New Jersey Bureau of Nuclear Engineering, Assistant Director Radiation Protection Element
Methodology Used to Calculate the Formula Cost Amount per 10 CFR 50.75(c) cc:
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USNRC Regional Administrator, Region I USNRC Project Manager, NMSS Oyster Creek USNRC Project Manager, NMSS Pilgrim Massachusetts Emergency Management Agency (MEMA), Director New Jersey Bureau of Nuclear Engineering, Assistant Director Radiation Protection Element  
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Line 432: Line 587:


==References:==
==References:==
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      >,&#x17d;&#x17d;&#x17d;/&#x17d;>>&#x17d;h^EZE&#x17d;&#x17d;&#x17d;ZW&#x17d;
        ^&#x17d;&#x17d;&#x17d;Z&#x17d;Z^^&#x17d;&#x17d;&#x17d;
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&#x17d;
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W-&#x17d;-




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d>
d>
                                          

                      ,&#x17d;&#x17d;&#x17d;/&#x17d;
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WEW&#x17d;^&#x17d;
WEW&#x17d;^&#x17d;
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                          ^&DZ&#x17d;
^&DZ&#x17d;
      



&#x17d;
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W-&#x17d;-


W-&#x17d;-

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D D
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W-6&#x17d;-




                                        
                                        
                                        
                                        
                                        
                                        
                                        
                                        
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d>
                                        

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WEW&#x17d;^&#x17d;
WEW&#x17d;^&#x17d;
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&#x17d;
  
W-&#x17d;-
W-&#x17d;-

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Pilgrim Nuclear Power Station - DECON Method Annual Cash Flow in Millions of 2019 Dollars Beginning                                        Year License         Spent Fuel           Site Total   of Year                             NDT         Ending Year      Termination        Management      Restoration                                    Withdrawals Costs    NDT                           Earnings1       NDT Cost              Cost            Cost Balance                                        Balance3 2020                                                                   2           3 2021 2022 2023 2024 2025 2026       
Pilgrim Nuclear Power Station - DECON Method Annual Cash Flow in Millions of 2019 Dollars Year License Termination Cost Spent Fuel Management Cost Site Restoration Cost Total Costs Beginning of Year NDT Balance Withdrawals NDT Earnings1 Year Ending NDT Balance3 2020
2027       
 
2028                                         
2 3
2029                                         
 
2030                                         
2021
2031                                         
 
2032                                         
2022
2033                                         
 
2034                                         
2023
2035                                         
 
2036                                         
2024
2037                                         
 
2038                                         
2025
2039                                         
 
2040                                         
2026
2041                                         

2042                                         
 
2043                                         
2027
2044                                         

2045                                         
 
2046                                         
2028
2047                                         
 
2048                                         

2049                                         
 
2050                                         
2029
2051                                         
 
2052                                                                                                               

                                          
 
2030
 

 
2031
 

 
2032
 

 
2033
 

 
2034
 

 
2035
 

 
2036
 

 
2037
 

 
2038
 

 
2039
 

 
2040
 

 
2041
 

 
2042
 

 
2043
 

 
2044
 

 
2045
 

 
2046
 

 
2047
 

 
2048
 

 
2049
 

 
2050
 

 
2051
 

 
2052
 

 

1 NDT earnings reflect an assumed 2% Real Rate of Return (RRR).
1 NDT earnings reflect an assumed 2% Real Rate of Return (RRR).
2 The 2020 Beginning of Year NDT Balance is net of tax liabilities.
2 The 2020 Beginning of Year NDT Balance is net of tax liabilities.
Line 546: Line 825:
4 Columns may not add due to rounding.
4 Columns may not add due to rounding.


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Pilgrim Nuclear Power Station - DECON Method Annual Cash Flow in Millions of 2019 Dollars Beginning                                        Year License         Spent Fuel             Site Total       of Year                             NDT       Ending Year          Termination      Management          Restoration                                  Withdrawals Costs          NDT                             Earnings1   NDT Cost            Cost                Cost Balance                                      Balance3 2053 2054 2055 2056 2057 2058 2059 2060 2061 2062 2063                                             1 Total4                                       40                     

Pilgrim Nuclear Power Station - DECON Method Annual Cash Flow in Millions of 2019 Dollars Year License Termination Cost Spent Fuel Management Cost Site Restoration Cost Total Costs Beginning of Year NDT Balance Withdrawals NDT Earnings1 Year Ending NDT Balance3 2053
 
2054
 
2055
 
2056
 
2057
 
2058
 
2059
 
2060
 
2061
 
2062
 
2063
 
1
 
Total4
 
40
 

 
1 NDT earnings reflect an assumed 2% Real Rate of Return (RRR).
1 NDT earnings reflect an assumed 2% Real Rate of Return (RRR).
2 The 2020 Beginning of Year NDT Balance is net of tax liabilities.
2 The 2020 Beginning of Year NDT Balance is net of tax liabilities.
3 The 2020 NDT Withdrawal Amount includes $33M for the reimbursement of HDI 2019 expenses that were not reimbursed in 2019.
3 The 2020 NDT Withdrawal Amount includes $33M for the reimbursement of HDI 2019 expenses that were not reimbursed in 2019.
4 Columns may not add due to rounding.
4 Columns may not add due to rounding.
                               

                                                                        

                                             





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YEAR          2019                  2020                  2021                     2022                     2023                 2024                    2025                       2026               2027              2028 TO 2063 6FKHGXOH
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Latest revision as of 11:58, 13 December 2024

Report on Status of Decommissioning Funding for Reactors and Independent Spent Fuel Storage Installations
ML20091M858
Person / Time
Site: Oyster Creek, Pilgrim
Issue date: 03/31/2020
From: Sterdis A
Holtec Decommissioning International
To:
Document Control Desk, Office of Nuclear Material Safety and Safeguards, Office of Nuclear Reactor Regulation
References
HDI-OC-20-026, HDI-PIL-20-023
Download: ML20091M858 (26)


Text



Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909





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10 CFR 50.75 10 CFR 50.82 March 31, 2020 U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555 Oyster Creek Nuclear Generating Station Renewed Facility Operating License No. DPR-16 NRC Docket No. 50-219 and 72-15 Pilgrim Nuclear Power Station Renewed Facility Operating License No. DPR-35 NRC Docket No. 50-293 and 72-1044

Subject:

Report on Status of Decommissioning Funding for Reactors and Independent Spent Fuel Storage Installations



Reference:



[1]

Letter Exelon Generation Corporation to US NRC³2\\VWHU&UHHN

Application for Order Approving Direct Transfer of Renewed Facility Operating License and General License and Proposed Conforming

/LFHQVH$PHQGPHQW'GDWHG$XJXVW (ML18243A489)

[2]

Letter from Entergy Nuclear Operations, Inc. WR8615&³Application for Order Consenting to Direct and Indirect Transfers of Control of Licenses and Approving Conforming License Amendment; Notification of Amendment to Decommissioning Trust Agreement; and Request for Exemption from 10 CFR 50.82 (a)(8)(i)(A), Pilgrim Nuclear Power Station,' dated November 16, 2018 (ML18320A031)

[3]

Letter from US NRC to Exelon Generation Company, LLC, ³Order Approving Transfer of the Oyster Creek Nuclear Generating Station and Conforming License Amendment'GDWHGJune 20, 2019 (ML19095A458)

[4]

Letter from US NRC to Entergy Nuclear Operations, Inc.³3LOJULP

Nuclear Power Station²Order Approving Direct and Indirect Transfer of License and Conforming Amendment'GDWHGAugust 22, 2019 (ML19170A101)



Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909





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[5]

Letter, Holtec Decommissioning International, LLC to US NRC,

³1RWLILFDWLRQRI5HYLVHG3RVW-Shutdown Decommissioning Activities Report and Revised Site-Specific Decommissioning Cost Estimate for Oyster Creek Nuclear Generating 6WDWLRQ'September 28, 2018 (ML18275A116)

Letter, Holtec Decommissioning International, LLC to US NRC,

³1RWLILFDWLRQRI5HYLVHG3RVW-Shutdown Decommissioning Activities Report and Revised Site-Specific Decommissioning Cost Estimate for 3LOJULP1XFOHDU3RZHU6WDWLRQ'November 16, 2018 (ML18320A040)

In accordance with 10 CFR 50.75(f)(1), 10 CFR 50.82(a)(8)(v), 10 CFR 50.82(a)(8)(vi), and 10 CFR 50.82(a)(8)(vii), Holtec Decommissioning International, LLC (HDI) is submitting the annual status of decommissioning funding, status of funding for managing irradiated fuel, and the financial assurance report for Oyster Creek Nuclear Generating Station (Oyster Creek) and Pilgrim Nuclear Power Station (Pilgrim). The annual decommissioning funding assurance reports for the period ending December 31, 2019 for Oyster Creek and Pilgrim are provided in Enclosures 1 and 2 to this letter respectively. The Attachment to this letter provides the methodology used to calculate the formula cost amount per 10 CFR 50.75(c).

On July 1, 2019, Oyster Creek was transferred to Oyster Creek Environmental Protection, LLC (OCEP) as the licensed owner and HDI as the licensed operator for decommissioning (References 1 and 3). On August 27, 2019, Pilgrim was transferred to Holtec Pilgrim, LLC (Holtec Pilgrim) as the licensed owner and HDI as the licensed operator for decommissioning (References 2 and 4). HDI prepared and submitted revised Post-Shutdown Decommissioning Activities Reports (PSDARs) including revised Site-Specific Decommissioning Cost Estimates (DCEs) for each of these sites (References 5 and 6).

The decommissioning funding assurance amount and the funding assurance for spent fuel management for each site is based on site-specific decommissioning cost estimates developed in accordance with 10 CFR 50.82(a) (References 5 and 6). The HDI revised PSDAR and DCE for each site are based on a transition to the DECON decommissioning status following license transfer allowing for the prompt decommissioning of each site and the unrestricted release of all portions of the site other than the ISFSI sooner than was planned by the previous site owners.

The HDI PSDARs describe the selected methods HDI plans to use for the decontamination, dismantlement, spent fuel management and site restoration of each site. The site-specific DCEs also include the estimated costs to decommission the Independent Spent Fuel Storage Installations (ISFSIs) following spent fuel and Greater than Class C (GTCC) waste removal from the site. References 5 and 6 provide the project scope and schedule along with the associated cost estimate for each site. The project scope includes efforts to remove fuel from the spent fuel pool and place it into long-term, dry cask storage at the ISFSI.



Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909





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+',¶VGHFRPPLVVLRQLQJPDQDJHPHQWVWUDWHJ\\IRU2\\VWHU&UHHk and Pilgrim, including scope, schedule and cost estimates, were provided in the DECON Post-Shutdown Decommissioning Activities Reports (PSDARs) that were submitted to NRC in support of the respective applications for license transfer (References 5 and 6). 15&UHYLHZRI+',¶VGHFRPPLVVLRQLQJ

management strategy, schedule and cost estimates as well as associated funding assurance was accomplished to support NRC approval of the transfer of the Oyster Creek and Pilgrim licenses to OCEP and Holtec Pilgrim as the licensed owner respectively and HDI as the licensed operator. Since the site transfers occurred in mid-year, the decommissioning funding, irradiated fuel management funding, and financial assurance status provided in Enclosures 1 and 2 cover the time period from July 1, 2019 through December 31, 2019 for Oyster Creek and August 27, 2019 through December 31, 2019 for Pilgrim. The Beginning of Year Fund Amount is the amount in the Nuclear Decommissioning Trust (NDT) on the date of license transfer for each site net of current tax liabilities. The costs expenditures and reimbursements documented in Enclosures 1 and 2 provide +',¶VFRVWVDQGUHLPEXUVHPHQWVPDGHVLQFHWKHWUDQVIHUGDWHVIRU

each site.

The estimates provided in Enclosures 1 and 2, using the December 31, 2019 trust fund balances, indicate that Oyster Creek and Pilgrim have met WKH15&¶VIXQGLQJUHTXLrements.

Accordingly, HDI concludes that no further action is required at this time to demonstrate adequate funding assurance for decommissioning the Oyster Creek and Pilgrim sites.

There are no regulatory commitments contained within this letter If you should require any further information, please contact me at (856) 797-0900 x 3813.

Sincerely, Andrea L. Sterdis VP Regulatory and Environmental Affairs Holtec Decommissioning International, LLC Digitally signed by Andrea L. Sterdis DN: cn=Andrea L. Sterdis, c=US, o=HDI, ou=Holtec Decommissioning International, email=andrea.sterdis@holtec.com Date: 2020.03.31 17:34:17 -04'00' Andrea L.

Sterdis



Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909





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Enclosures:

(1)

Annual Decommissioning Funding Assurance and Spent Fuel Management Report for Oyster Creek Nuclear Generating Station (2)

Annual Decommissioning Funding Assurance and Spent Fuel Management Report for Pilgrim Nuclear Power Station

Attachment:

Methodology Used to Calculate the Formula Cost Amount per 10 CFR 50.75(c) cc:

USNRC Regional Administrator, Region I USNRC Project Manager, NMSS Oyster Creek USNRC Project Manager, NMSS Pilgrim Massachusetts Emergency Management Agency (MEMA), Director New Jersey Bureau of Nuclear Engineering, Assistant Director Radiation Protection Element







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