L-2015-064, Decommissioning Funding Status Reports / Independent Spent Fuel Storage Installation (ISFSI) Financial Assurance Update: Difference between revisions

From kanterella
Jump to navigation Jump to search
Created page by program invented by StriderTol
StriderTol Bot change
 
Line 17: Line 17:
=Text=
=Text=
{{#Wiki_filter:NEXTeraTm ENERGY March 27, 2015 L-2015-064 10 CFR 50.75(f)(1) 10 CFR 72.30(c)
{{#Wiki_filter:NEXTeraTm ENERGY March 27, 2015 L-2015-064 10 CFR 50.75(f)(1) 10 CFR 72.30(c)
Nuclear Regulatory Commission Attn: Document Control Desk Washington, DC 20555-0001 RE:       St. Lucie Units 1 and 2 Docket Nos. 50-335 and 50-389 Docket No. 72-61 Turkey Point Units 3 and 4 Docket Nos. 50-250 and 50-251 Docket No. 72-62 NextEra Energy Seabrook, LLC Seabrook Station Docket No. 50-443 Docket No. 72-63 NextEra Energy Duane Arnold, LLC Duane ArnoLd Energy Center Docket No. 50-331 Docket No 72-32 NextEra Energy Point Beach, LLC Point Beach Units 1 and 2 Docket Nos. 50-266, 50-301 Docket No. 72-05 Decommissioning Funding Status Reports / Independent Spent Fuel Storage Installation (ISFSI) Financial Assurance Update Pursuant to 10 CFR 50.75(f)(1) and 10 CFR 72.30(c), enclosed are the Decommissioning Funding Status (DFS)
Nuclear Regulatory Commission Attn: Document Control Desk Washington, DC 20555-0001 RE:
St. Lucie Units 1 and 2 Docket Nos. 50-335 and 50-389 Docket No. 72-61 Turkey Point Units 3 and 4 Docket Nos. 50-250 and 50-251 Docket No. 72-62 NextEra Energy Seabrook, LLC Seabrook Station Docket No. 50-443 Docket No. 72-63 NextEra Energy Duane Arnold, LLC Duane ArnoLd Energy Center Docket No. 50-331 Docket No 72-32 NextEra Energy Point Beach, LLC Point Beach Units 1 and 2 Docket Nos. 50-266, 50-301 Docket No. 72-05 Decommissioning Funding Status Reports / Independent Spent Fuel Storage Installation (ISFSI) Financial Assurance Update Pursuant to 10 CFR 50.75(f)(1) and 10 CFR 72.30(c), enclosed are the Decommissioning Funding Status (DFS)
Reports and Independent Spent Fuel Storage Installation Financial Assurance Update for the following units:
Reports and Independent Spent Fuel Storage Installation Financial Assurance Update for the following units:
: 1. St. Lucie Units 1 and 2
: 1. St. Lucie Units 1 and 2
: 2. Turkey Point Units 3 and 4
: 2.
: 3. Seabrook Station
Turkey Point Units 3 and 4
: 4. Duane Arnold Energy Center
: 3.
: 5. Point Beach Units 1 and 2 Florida Power and Light Company (FPL) is the sole owner of Turkey Point Units 3 and 4 and St. Lucie Unit 1. FPL, Florida Municipal Power Agency, and Orlando Utilities Commission own St. Lucie Unit 2. The report for St. Lucie Unit 2 provides the status of decommissioning funding for all three owners of that unit.
Seabrook Station
: 4.
Duane Arnold Energy Center
: 5.
Point Beach Units 1 and 2 Florida Power and Light Company (FPL) is the sole owner of Turkey Point Units 3 and 4 and St. Lucie Unit 1. FPL, Florida Municipal Power Agency, and Orlando Utilities Commission own St. Lucie Unit 2. The report for St. Lucie Unit 2 provides the status of decommissioning funding for all three owners of that unit.
NextEra Energy, Inc.
NextEra Energy, Inc.
700 Universe Boulevard, Juno Beach, FL 33408
700 Universe Boulevard, Juno Beach, FL 33408
Line 33: Line 38:
Should there be any questions, please contact Stephanie Castaneda at (561) 694-3438.
Should there be any questions, please contact Stephanie Castaneda at (561) 694-3438.
James M. Petro, Jr.
James M. Petro, Jr.
Nuclear Licensinqv and Re- latory Compliance Director Enclosures (2)
Nuclear Licensinq and Re-latory Compliance Director v
 
Enclosures (2)
Enclosure 1 Decommissioning Funding Status Reports 10 CFR 50.75(9(1)
Decommissioning Funding Status Reports 10 CFR 50.75(9(1)
-      St. Lucie Units 1 and 2
St. Lucie Units 1 and 2 Turkey Point Units 3 and 4 Seabrook Station Duane Arnold Energy Center Point Beach Units 1 and 2
-      Turkey Point Units 3 and 4
-      Seabrook Station
-      Duane Arnold Energy Center
-      Point Beach Units 1 and 2


St. Lucie Nuclear Plant - Unit 1 Florida Power and Light Company (FPL),
St. Lucie Nuclear Plant - Unit 1 Florida Power and Light Company (FPL),
Decommissioning Funding Status Report
Decommissioning Funding Status Report 1.
: 1. The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
Plant Owner (% Ownership)                                                                                         NRC Minimum (a)
Plant Owner (% Ownership)
FPL (100%)                                                                                                     500,028,175 (a) Refer to St. Lucie Unit I Attachment I for calculation assumptions
NRC Minimum (a)
: 2. The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes)
FPL (100%)
I     Total1 FPL (100%)                                                                                                     954,975,866
500,028,175 (a) Refer to St. Lucie Unit I Attachment I for calculation assumptions
: 3. Projected Funds at Shutdown (2% real rate of return).
: 2.
Total FPL (100%) (see note (b))                                                                                   1,452,616,935 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.
: 4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).                                                                                             None
I Total1 FPL (100%)
: 5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.                                                               None
954,975,866 Projected Funds at Shutdown (2% real rate of return).
: 6. Any material changes to trust agreements.
Total FPL (100%) (see note (b))
None 1 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.
1,452,616,935 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.
: 4.
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
: 5.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
: 6.
Any material changes to trust agreements.
None None None 1 NRC {{letter dated|date=November 26, 2008|text=letter dated November 26, 2008}}, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.
MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, St. Lucie Unit 1 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2010 with the FPSC.
MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, St. Lucie Unit 1 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2010 with the FPSC.
Page     I1
Page I 1


ATTACHMENT 1 ST. LUCIE NUCLEAR PLANT - UNIT 1 NRC Minimum Decommissioning Cost Determination NRC Minimum = $101.58 million X (0.65L + 0.13E + 0.22B)
ATTACHMENT 1 ST. LUCIE NUCLEAR PLANT - UNIT 1 NRC Minimum Decommissioning Cost Determination NRC Minimum = $101.58 million X (0.65L + 0.13E + 0.22B)
Where:
Where:
                                    $101.58 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year 3 E = Energy escalation factor to current year4 B = LLRW escalation factor to current year5
$101.58 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year3 E = Energy escalation factor to current year4 B = LLRW escalation factor to current year5 Item Description Value 1
  #                                            Item Description                                                     Value 1       Labor escalation factor for Quarter 4, 2014 3                                                               122.7 2       Base adjustment factor from NUREG-1 307 2                                                                     1.98 3       Escalation factor from NUREG-1307                                                                             100 4       L = #1 times #2 divided by #3                                                                                 2.43 5       Electric power escalation factor, 2014 6                                                                     214.7 6       Electric power escalation factor for Jan., 1986 from NUREG-1307                                             114.2 7       Fuel escalation factor for 2014 7                                                                           221.0 8       Fuel escalation factor for Jan., 1986 from NUREG-1307                                                         82 9       P = #5 divided by #6                                                                                         1.88 10       F = #7 divided by #8                                                                                         2.70 11       E = 0.58P(#9) + 0.42F(#10) per NUREG-1 307                                                                   2.22 12       Value of B from Table 2.1 of NUREG-1307 5                                                                   13.885 13       0.65L(#4) + 0.13E(#11) + 0.22B(#12)                                                                           4.92 14       1986 minimum-millions of dollars for PWR                                                                   101.58 15       2014 minimum-millions of dollars: #13 times #14                                                             500.0 2 NUREG 1307, Rev 15, Table 3.2 3 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).
Labor escalation factor for Quarter 4, 2014 3 122.7 2
Base adjustment factor from NUREG-1 307 2 1.98 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 2.43 5
Electric power escalation factor, 2014 6 214.7 6
Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2014 7 221.0 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1 307 2.22 12 Value of B from Table 2.1 of NUREG-1307 5 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.92 14 1986 minimum-millions of dollars for PWR 101.58 15 2014 minimum-millions of dollars: #13 times #14 500.0 2 NUREG 1307, Rev 15, Table 3.2 3 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).
4 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
4 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
5 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1 307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.
5 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1 307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.
Line 69: Line 85:


ATTACHMENT 2 ST. LUCIE NUCLEAR PLANT - UNIT 1 The St. Lucie Unit 1 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. St. Lucie Unit 1 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).
ATTACHMENT 2 ST. LUCIE NUCLEAR PLANT - UNIT 1 The St. Lucie Unit 1 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. St. Lucie Unit 1 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).
Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Study (thousands of $2010)                                       St. Lucie Unit I License Termination                                                              534,825 Spent Fuel Management                                                            188,629 Site Restoration                                                                    43,670 Total                                                                            767,124 Category %
Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Study (thousands of $2010)
License Termination                                                                69.72%
License Termination Spent Fuel Management Site Restoration Total Category %
Spent Fuel Management                                                              24.59%
License Termination Spent Fuel Management Site Restoration Total St. Lucie Unit I 534,825 188,629 43,670 767,124 69.72%
Site Restoration                                                                    5.69%
24.59%
Total                                                                                100%
5.69%
Projected Trust Fund Balance at Shutdown                                   1,452,616,935 Projection at Shutdown - License Termination Portion (Allocation based on   1,012,738,296 TLG Study)
100%
Page 13
Projected Trust Fund Balance at Shutdown Projection at Shutdown - License Termination Portion (Allocation based on TLG Study) 1,452,616,935 1,012,738,296 Page 1 3


St. Lucie Nuclear Plant - Unit 2 Florida Power and Light Company (FPL),
St. Lucie Nuclear Plant - Unit 2 Florida Power and Light Company (FPL),
Florida Municipal Power Agency (FMPA),
Florida Municipal Power Agency (FMPA),
Orlando Utilities Commission (OUC)
Orlando Utilities Commission (OUC)
Decommissioning Funding Status Report
Decommissioning Funding Status Report 1.
: 1. The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
Plant Owner (% Ownership)                                                                                           NRC Minimum (a)
Plant Owner (% Ownership)
FPL (85.10449%)                                                                                                 425,546,428 FMPA (8.806%)                                                                                                     44,032,481 OUC (6.08951%)                                                                                                   30,449,266 Total         500,028,175 (a) Refer to St. Lucie Unit 2 Attachment 1 for calculation assumptions
NRC Minimum (a)
: 2. The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)
FPL (85.10449%)
Total0 FPL (85.10449%)                                                                                                 805,593,858 FMPA (8.806%)                                                                                                   65,926,723 OUC (6.08951%)                                                                                                   39,869,197 Total       911,389,778
425,546,428 FMPA (8.806%)
: 3. Projected Funds at Shutdown (2% real rate of return).
44,032,481 OUC (6.08951%)
Total FPL (85.10449%) (see note (b))                                                                             1,410,418,037 FMPA (8.806%) (see note (c))                                                                                 115,423,223 OUC (6.08951%) (see note (c))                                                                                   69,802,214 Total       1,595,653,474 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.
30,449,266 Total 500,028,175 (a) Refer to St. Lucie Unit 2 Attachment 1 for calculation assumptions
: 2.
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)
Total0 3.
FPL (85.10449%)
805,593,858 FMPA (8.806%)
65,926,723 OUC (6.08951%)
39,869,197 Total 911,389,778 Projected Funds at Shutdown (2% real rate of return).
Total FPL (85.10449%) (see note (b))
1,410,418,037 FMPA (8.806%) (see note (c))
115,423,223 OUC (6.08951%) (see note (c))
69,802,214 Total 1,595,653,474 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.
(c) Assumes no contributions to the fund.
(c) Assumes no contributions to the fund.
: 4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).                                                                                             None
: 4.
: 5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.                                                               None
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
: 6. Any material changes to trust agreements.
: 5.
None 8 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
: 6.
Any material changes to trust agreements.
None None None 8 NRC {{letter dated|date=November 26, 2008|text=letter dated November 26, 2008}}, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.
MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, St. Lucie Unit 2 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2010 with the FPSC..
MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, St. Lucie Unit 2 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2010 with the FPSC..
Page 14
Page 14
Line 98: Line 128:
ATTACHMENT 1 ST. LUCIE NUCLEAR PLANT - UNIT 2 NRC Minimum Decommissioning Cost Determination NRC Minimum = $101.58 million X (0.65L + 0.13E + 0.22B)
ATTACHMENT 1 ST. LUCIE NUCLEAR PLANT - UNIT 2 NRC Minimum Decommissioning Cost Determination NRC Minimum = $101.58 million X (0.65L + 0.13E + 0.22B)
Where:
Where:
                                    $101.58 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year"'
$101.58 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year"'
E = Energy escalation factor to current year12                    11 B = LLRW escalation factor to current                   year
E = Energy escalation factor to current year11 B = LLRW escalation factor to current year 12 Item Description Value 1
    #                                            Item Description                                                     Value 1       Labor escalation factor for Quarter 4, 2014 10                                                               122.7 2       Base adjustment factor from NUREG-1307 9                                                                     1.98 3       Escalation factor from NUREG-1307                                                                             100 4       L = #1 times #2 divided by #3                                                                                 2.43 5       Electric power escalation factor, 201413                                                                     214.7 6       Electric power escalation factor for Jan., 1986 from NUREG-1 307                                             114.2 7       Fuel escalation factor for 2014 14                                                                           221.0 8       Fuel escalation factor for Jan., 1986 from NUREG-1307                                                           82 9       P = #5 divided by #6                                                                                         1.88 10       F = #7 divided by #8                                                                                         2.70 11       E = 0.58P(#9) + 0.42F(#10) per NUREG-1307                                                                     2.22 12       Value of B from Table 2.1 of NUREG-1307 12                                                                 13.885 13       0.65L(#4) + 0.13E(#11) + 0.22B(#12)                                                                           4.92 14       1986 minimum-millions of dollars for PWR                                                                   101.58 15       2014 minimum-millions of dollars: #13 times #14                                                             500.0 9 NUREG 1307, Rev 15, Table 3.2 10 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).
Labor escalation factor for Quarter 4, 2014 10 122.7 2
11NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
Base adjustment factor from NUREG-1307 9 1.98 3
12 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 2.43 5
Electric power escalation factor, 201413 214.7 6
Electric power escalation factor for Jan., 1986 from NUREG-1 307 114.2 7
Fuel escalation factor for 2014 14 221.0 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.22 12 Value of B from Table 2.1 of NUREG-1307 12 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.92 14 1986 minimum-millions of dollars for PWR 101.58 15 2014 minimum-millions of dollars: #13 times #14 500.0 9 NUREG 1307, Rev 15, Table 3.2 10 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).
11 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
12 NUREG 1307 provides a value for B in Table 2.1.
In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.
13 December 2014 value is 214.7. (See note #12) Information was preliminary as of 01/15/15.
13 December 2014 value is 214.7. (See note #12) Information was preliminary as of 01/15/15.
14 December 2014 value is 221.0 (See note #12) Information was preliminary as of 01/15/15.
14 December 2014 value is 221.0 (See note #12) Information was preliminary as of 01/15/15.
Line 108: Line 147:


ATTACHMENT 2 ST. LUCIE NUCLEAR PLANT - UNIT 2 The St. Lucie Unit 2 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. St. Lucie Unit 2 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).
ATTACHMENT 2 ST. LUCIE NUCLEAR PLANT - UNIT 2 The St. Lucie Unit 2 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. St. Lucie Unit 2 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).
Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Study (thousands of $2010)                                       St. Lucie Unit 2     FPL       FMPA       OuC License Termination                                                                517,410 Spent Fuel Management                                                              142,476 Site Restoration                                                                    51,744 Total                                                                              711,630 Category %
Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Study (thousands of $2010)
License Termination                                                               72.71%
License Termination Spent Fuel Management Site Restoration Total St. Lucie Unit 2 FPL FMPA OuC 517,410 142,476 51,744 711,630 Category %
Spent Fuel Management                                                              20.02%
License Termination Spent Fuel Management Site Restoration Total 72.71%
Site Restoration                                                                    7.27%
20.02%
Total                                                                                100%
7.27%
Projected Trust Fund Balance at Shutdown                                     1,595,643,474 1,410,418,037 115,423,223 69,802,214 Projection at Shutdown - License Termination Portion (Allocation based on    1,160,156,106 1,025,482,901 83,921,602 50,751,603 TLG Study)
100%
Page I 6
Projected Trust Fund Balance at Shutdown Projection at Shutdown - License Termination Portion (Allocation based on TLG Study) 1,595,643,474 1,410,418,037 115,423,223 1,160,156,106 1,025,482,901 83,921,602 69,802,214 50,751,603 Page I 6


1.
Turkey Point Nuclear Plant - Unit 3 Florida Power and Light Company (FPL),
Turkey Point Nuclear Plant - Unit 3 Florida Power and Light Company (FPL),
Decommissioning Funding Status Report
Decommissioning Funding Status Report The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
: 1. The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
Plant Owner (% Ownership)
Plant Owner (%Ownership)                                                                                           NRC Minimum (a)
NRC Minimum (a)
FPL (100%)                                                                                                     483,739,945 (a) Refer to Turkey Point Unit 3 Attachment I for calculation assumptions
FPL (100%)
: 2. The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) r     Total"5 FPL (100%)                                                                                                     790,655,092
483,739,945 (a) Refer to Turkey Point Unit 3 Attachment I for calculation assumptions
: 3. Projected Funds at Shutdown (2% real rate of return).
: 2.
Total FPL (100%) (see note (b))                                                                                   1,119,490,018 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.
: 4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).                                                                                           None
r Total"5 FPL (100%)
: 5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.                                                             None
790,655,092 Projected Funds at Shutdown (2% real rate of return).
: 6. Any material changes to trust agreements.
Total FPL (100%) (see note (b))
None 15 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.
1,119,490,018 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.
MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, Turkey Point Unit 3 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2010 with the FPSC Page 17
: 4.
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
: 5.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
: 6.
Any material changes to trust agreements.
None None None 15 NRC {{letter dated|date=November 26, 2008|text=letter dated November 26, 2008}}, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.
MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, Turkey Point Unit 3 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2010 with the FPSC Page 1 7


ATTACHMENT 1 TURKEY POINT NUCLEAR PLANT - UNIT 3 NRC Minimum Decommissioning Cost Determination NRC Minimum = $98.27 million X (0.65L + 0.13E + 0.22B)
ATTACHMENT 1 TURKEY POINT NUCLEAR PLANT - UNIT 3 NRC Minimum Decommissioning Cost Determination NRC Minimum = $98.27 million X (0.65L + 0.13E + 0.22B)
Where:
Where:
                                    $98.27 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year 17 E = Energy escalation factor to current year18 B = LLRW escalation factor to current year 19
$98.27 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year 17 E = Energy escalation factor to current year18 B = LLRW escalation factor to current year 19 Item Description Value 1
    #                                            Item Description                                                     Value 1       Labor escalation factor for Quarter 4, 2014 17                                                             122.7 2       Base adjustment factor from NUREG-1 307 16                                                                   1.98 3       Escalation factor from NUREG-1307                                                                             100 4       L = #1 times #2 divided by #3                                                                               2.43 5       Electric power escalation factor, 2014 20                                                                   214.7 6       Electric power escalation factor for Jan., 1986 from NUREG-1307                                             114.2 7       Fuel escalation factor for 2014 21                                                                         221.0 8       Fuel escalation factor for Jan., 1986 from NUREG-1307                                                         82 9       P = #5 divided by #6                                                                                         1.88 10       F = #7 divided by #8                                                                                         2.70 11       E = 0.58P(#9) + 0.42F(#10) per NUREG-1307                                                                   2.22 12       Value of B from Table 2.1 of NUREG-1307 19                                                                 13.885 13       0.65L(#4) + 0.13E(#11) + 0.22B(#12)                                                                         4.92 14       1986 minimum-millions of dollars for PWR                                                                   98.27 15       2014 minimum-millions of dollars: #13 times #14                                                             483.7 16 NUREG 1307, Rev 15, Table 3.2 17 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).
Labor escalation factor for Quarter 4, 2014 17 122.7 2
Base adjustment factor from NUREG-1 307 16 1.98 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 2.43 5
Electric power escalation factor, 2014 20 214.7 6
Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2014 21 221.0 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.22 12 Value of B from Table 2.1 of NUREG-1307 19 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.92 14 1986 minimum-millions of dollars for PWR 98.27 15 2014 minimum-millions of dollars: #13 times #14 483.7 16 NUREG 1307, Rev 15, Table 3.2 17 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).
18 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
18 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
19 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1307 will not be issued in 2014.
19 NUREG 1307 provides a value for B in Table 2.1.
In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1307 will not be issued in 2014.
20 December 2014 value is 214.7. (See note #19) Information was preliminary as of 01/15/15.
20 December 2014 value is 214.7. (See note #19) Information was preliminary as of 01/15/15.
21 December 2014 value is 221.0 (See note #19) Information was preliminary as of 01/15/15.
21 December 2014 value is 221.0 (See note #19) Information was preliminary as of 01/15/15.
Line 141: Line 197:


ATTACHMENT 2 TURKEY POINT NUCLEAR PLANT - UNIT 3 The Turkey Point Unit 3 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. Turkey Point Unit 3 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).
ATTACHMENT 2 TURKEY POINT NUCLEAR PLANT - UNIT 3 The Turkey Point Unit 3 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. Turkey Point Unit 3 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).
Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG         Cost Studvl Ithousands     of 120101         Turkey Point Unit449,543 3
Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Studv Ithousands of 120101 Turkey Point l
...........            I ............. T .... I License Termination Spent Fuel Management                                           169,113 Site Restoration                                                    35,047 Total                                                            653,703 Catenory %
I.............
License Termination                                              68.77%
T....
Spent Fuel Management                                            25.87%
I License Termination Spent Fuel Management Site Restoration Total Catenory %
Site Restoration                                                    5.36%
License Termination Spent Fuel Management Site Restoration Total Unit 3 449,543 169,113 35,047 653,703 68.77%
Total                                                                100%
25.87%
Projected Trust Fund Balance at Shutdown                   1,119,490,018 Projection at Shutdown - License Termination Portion         769,858,638 (Allocation based on TLG Study)
5.36%
Page I 9
100%
Projected Trust Fund Balance at Shutdown Projection at Shutdown - License Termination Portion (Allocation based on TLG Study) 1,119,490,018 769,858,638 Page I 9


Turkey Point Nuclear Plant - Unit 4 Florida Power and Light Company (FPL),
Turkey Point Nuclear Plant - Unit 4 Florida Power and Light Company (FPL),
Decommissioning Funding Status Report
Decommissioning Funding Status Report 1.
: 1. The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
Plant Owner (% Ownership)                                                                                         NRC Minimum (a)
Plant Owner (% Ownership)
FPL (100%)                                                                                                       483,739,945 (a) Refer to Turkey Point Unit 4 Attachment I for calculation assumptions
NRC Minimum (a)
: 2. The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes)
FPL (100%)
I     Total2" FPL (100%)                                                                                                       892,671,817
483,739,945 (a) Refer to Turkey Point Unit 4 Attachment I for calculation assumptions
: 3. Projected Funds at Shutdown (2% real rate of return).
: 2.
Total FPL (100%) (see note (b))                                                                                   1,282,238,869 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.
: 4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).                                                                                           None
I Total2" FPL (100%)
: 5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.                                                               None
892,671,817 Projected Funds at Shutdown (2% real rate of return).
: 6. Any material changes to trust agreements.
Total FPL (100%) (see note (b))
None 22 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.
1,282,238,869 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.
: 4.
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
: 5.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
: 6.
Any material changes to trust agreements.
None None None 22 NRC {{letter dated|date=November 26, 2008|text=letter dated November 26, 2008}}, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.
MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, Turkey Point Unit 4 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2010 with the FPSC.
MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, Turkey Point Unit 4 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2010 with the FPSC.
Page 110
Page 110
Line 168: Line 232:
ATTACHMENT I TURKEY POINT NUCLEAR PLANT - UNIT 4 NRC Minimum Decommissioning Cost Determination NRC Minimum = $98.27 million X (0.65L + 0.13E + 0.22B)
ATTACHMENT I TURKEY POINT NUCLEAR PLANT - UNIT 4 NRC Minimum Decommissioning Cost Determination NRC Minimum = $98.27 million X (0.65L + 0.13E + 0.22B)
Where:
Where:
                                    $98.27 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year 24 E = Energy escalation factor to current year26                    25 B = LLRW escalation factor to current year
$98.27 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year24 E = Energy escalation factor to current year25 B = LLRW escalation factor to current year26 Item Description Value 1
    #                                            Item Description                                                     Value 1       Labor escalation factor for Quarter 4, 2014 24                                                             122.7 2       Base adjustment factor from NUREG-1307 23                                                                   1.98 3       Escalation factor from NUREG-1307                                                                             100 4       L = #1 times #2 divided by #3                                                                               2.43 5       Electric power escalation factor, 2014 27                                                                   214.7 6       Electric power escalation factor for Jan., 1986 from NUREG-1307                                             114.2 7       Fuel escalation factor for 2014 28                                                                         221.0 8       Fuel escalation factor for Jan., 1986 from NUREG-1307                                                         82 9       P = #5 divided by #6                                                                                         1.88 10       F = #7 divided by #8                                                                                         2.70 11       E = 0.58P(#9) + 0.42F(#10) per NUREG-1 307                                                                   2.22 12       Value of B from Table 2.1 of NUREG-1 307 26                                                                 13.885 13       0.65L(#4) + 0.13E(#11) + 0.22B(#12)                                                                         4.92 14       1986 minimum-millions of dollars for PWR                                                                   98.27 15       2014 minimum-millions of dollars: #13 times #14                                                             483.7 23 NUREG 1307, Rev 15, Table 3.2 24 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).
Labor escalation factor for Quarter 4, 2014 24 122.7 2
Base adjustment factor from NUREG-1307 23 1.98 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 2.43 5
Electric power escalation factor, 2014 27 214.7 6
Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2014 28 221.0 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1 307 2.22 12 Value of B from Table 2.1 of NUREG-1 307 26 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.92 14 1986 minimum-millions of dollars for PWR 98.27 15 2014 minimum-millions of dollars: #13 times #14 483.7 23 NUREG 1307, Rev 15, Table 3.2 24 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).
25 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
25 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
26 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1 307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.
26 NUREG 1307 provides a value for B in Table 2.1.
In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1 307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.
27 December 2014 value is 214.7 (See note #26) Information was preliminary as of 01/15/15.
27 December 2014 value is 214.7 (See note #26) Information was preliminary as of 01/15/15.
28 December 2014 value is 221.0 (See note #26) Information was preliminary as of 01/15/15.
28 December 2014 value is 221.0 (See note #26) Information was preliminary as of 01/15/15.
Line 177: Line 250:


ATTACHMENT 2 TURKEY POINT NUCLEAR PLANT - UNIT 4 The Turkey Point Unit 4 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. Turkey Point Unit 4 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).
ATTACHMENT 2 TURKEY POINT NUCLEAR PLANT - UNIT 4 The Turkey Point Unit 4 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. Turkey Point Unit 4 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).
Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Study (thousands of $2010)                   Turkey Point I Unit4 License Termination                                         483,444 Spent Fuel Management                                      204,893 Site Restoration                                            44,176 Total                                                      732,513 Cateplory %
Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Study (thousands of $2010)
License Termination                                        66.00%
Turkey Point I License Termination Spent Fuel Management Site Restoration Total Cateplory %
Spent Fuel Management                                      27.97%
License Termination Spent Fuel Management Site Restoration Total Projected Trust Fund Balance at Shutdown Projection at Shutdown - License Termination Portion (Allocation based on TLG Study)
Site Restoration                                              6.03%
Unit4 483,444 204,893 44,176 732,513 66.00%
Total                                                        100%
27.97%
Projected Trust Fund Balance at Shutdown              1,282,238,869 Projection at Shutdown - License Termination Portion    846,252,132 (Allocation based on TLG Study)
6.03%
Page 112
100%
1,282,238,869 846,252,132 Page 112


Seabrook Station NextEra Energy Seabrook, LLC, Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, Taunton Municipal Lighting Plant Decommissioning Funding Status Report29 I.       The minimum decommissionincl fund estimate pursuant to 10 CFR 50.75(b) and (c).
Seabrook Station NextEra Energy Seabrook, LLC, Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, Taunton Municipal Lighting Plant Decommissioning Funding Status Report29 I.
Plant Owner (% Ownership)                                                                                         NRC Minimum (a)
The minimum decommissionincl fund estimate pursuant to 10 CFR 50.75(b) and (c).
NextEra Energy Seabrook, LLC. (88.22889%)                                                                     469,992,209 Hudson Light and Power Department (.07737%)                                                                         412,147 Massachusetts Municipal Wholesale Electric Company (11.5934%)                                                   61,757,636 Taunton Municipal Lighting Plant (.10034%)                                                                         534,508 Total         532,696,500 (a) Refer to Seabrook Attachment I for calculation assumptions
Plant Owner (% Ownership)
: 2.       The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)
NRC Minimum (a)
Total 30 NextEra Energy Seabrook, LLC. (88.22889%)                                                                     549,423,804 Hudson Light and Power Department (.07737%)                                                                         489,705 Massachusetts Municipal Wholesale Electric Company (11.5934%)                                                   52,290,364 Taunton Municipal Lighting Plant (.10034%)                                                                         642,037 Total         602,845,910
NextEra Energy Seabrook, LLC. (88.22889%)
: 3.      Projected Funds at Shutdown (2% real rate of return).
469,992,209 Hudson Light and Power Department (.07737%)
Total NextEra Energy Seabrook, LLC. (88.22889%)                                                                     797,794,034 Hudson Light and Power Department (.07737%)                                                                         711,079 Massachusetts Municipal Wholesale Electric Company (11.5934%)                                                   75,928,527 Taunton Municipal Lighting Plant (.10034%)                                                                         932,274 Total       875,365,914 29 The New Hampshire Nuclear Decommissioning Financing Committee (NDFC) was established under New Hampshire law to provide assurance of adequate funding for decommissioning of nuclear generating facilities. This was intended "to ensure proper and safe decommissioning and subsequent surveillance of nuclear reactor sites to the extent necessary to prevent such sites from constituting a hazard to future generations." RSA 162-F:1. The NDFC is responsible for determining the appropriate amount of money that needs to be set aside and maintained in a trust fund, for the purpose of decommissioning any nuclear facilities located in the state of New Hampshire.
412,147 Massachusetts Municipal Wholesale Electric Company (11.5934%)
30 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.
61,757,636 Taunton Municipal Lighting Plant (.10034%)
534,508 Total 532,696,500 (a) Refer to Seabrook Attachment I for calculation assumptions
: 2.
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)
Total30 3.
NextEra Energy Seabrook, LLC. (88.22889%)
549,423,804 Hudson Light and Power Department (.07737%)
489,705 Massachusetts Municipal Wholesale Electric Company (11.5934%)
52,290,364 Taunton Municipal Lighting Plant (.10034%)
642,037 Total 602,845,910 Projected Funds at Shutdown (2% real rate of return).
Total NextEra Energy Seabrook, LLC.
(88.22889%)
797,794,034 Hudson Light and Power Department (.07737%)
711,079 Massachusetts Municipal Wholesale Electric Company (11.5934%)
75,928,527 Taunton Municipal Lighting Plant (.10034%)
932,274 Total 875,365,914 29 The New Hampshire Nuclear Decommissioning Financing Committee (NDFC) was established under New Hampshire law to provide assurance of adequate funding for decommissioning of nuclear generating facilities. This was intended "to ensure proper and safe decommissioning and subsequent surveillance of nuclear reactor sites to the extent necessary to prevent such sites from constituting a hazard to future generations." RSA 162-F:1. The NDFC is responsible for determining the appropriate amount of money that needs to be set aside and maintained in a trust fund, for the purpose of decommissioning any nuclear facilities located in the state of New Hampshire.
30 NRC {{letter dated|date=November 26, 2008|text=letter dated November 26, 2008}}, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.
MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. The Seabrook trusts contain non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the NDFC. NextEra understands that under NRC guidance, either an order of the NDFC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, Seabrook Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in 2011 with the NDFC.
MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. The Seabrook trusts contain non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the NDFC. NextEra understands that under NRC guidance, either an order of the NDFC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, Seabrook Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in 2011 with the NDFC.
Page 113
Page 113


Seabrook Station NextEra Energy Seabrook, LLC, Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, Taunton Municipal Lighting Plant Decommissioning Funding Status Report
Seabrook Station NextEra Energy Seabrook, LLC, Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, Taunton Municipal Lighting Plant Decommissioning Funding Status Report
: 4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).                                         None
: 4.
: 5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.           None
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
: 6. Any material changes to trust agreements.
: 5.
None Page 1 14.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
: 6.
Any material changes to trust agreements.
None None None Page 1 14.


ATTACHMENT I SEABROOK STATION NRC Minimum Decommissioning Cost Determination NRC Minimum = $105 million X (0.65L + 0.13E + 0.22B)
ATTACHMENT I SEABROOK STATION NRC Minimum Decommissioning Cost Determination NRC Minimum = $105 million X (0.65L + 0.13E + 0.22B)
Where:
Where:
                                    $105 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year 32 E = Energy escalation factor to current year34                    33 B = LLRW escalation factor to current                   year
$105 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year32 E = Energy escalation factor to current year33 B = LLRW escalation factor to current year 34 Item Description Value 1
    #                                            Item Description                                                     Value 1       Labor escalation factor for Quarter 4, 2014 32                                                               123.2 2       Base adjustment factor from NUREG-1 307 31                                                                   2.16 3       Escalation factor from NUREG-1 307                                                                           100 4       L = #1 times #2 divided by #3                                                                                 2.66 5       Electric power escalation factor, 2014 35                                                                   214.7 6       Electric power escalation factor for Jan., 1986 from NUREG-1307                                             114.2 7       Fuel escalation factor for 2014 36                                                                         221.0 8       Fuel escalation factor for Jan., 1986 from NUREG-1307                                                         82 9       P = #5 divided by #6                                                                                         1.88 10       F = #7 divided by #8                                                                                         2.70 11       E = 0.58P(#9) + 0.42F(#10) per NUREG-1307                                                                     2.22 12       Value of B from Table 2.1 of NUREG-1307 34                                                                 13.885 13       0.65L(#4) + 0.13E(#11) + 0.22B(#12)                                                                           5.07 14       1986 minimum-millions of dollars for PWR                                                                       105 15       2014 minimum-millions of dollars: #13 times #14                                                             532.7 31 NUREG 1307, Rev 15, Table 3.2 32 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, and Series CIU20100000002101 (Northeast Region).
Labor escalation factor for Quarter 4, 2014 32 123.2 2
Base adjustment factor from NUREG-1 307 31 2.16 3
Escalation factor from NUREG-1 307 100 4
L = #1 times #2 divided by #3 2.66 5
Electric power escalation factor, 2014 35 214.7 6
Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2014 36 221.0 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.22 12 Value of B from Table 2.1 of NUREG-1307 34 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 5.07 14 1986 minimum-millions of dollars for PWR 105 15 2014 minimum-millions of dollars: #13 times #14 532.7 31 NUREG 1307, Rev 15, Table 3.2 32 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, and Series CIU20100000002101 (Northeast Region).
33 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
33 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
34 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.
34 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.
Line 212: Line 313:
Page 115
Page 115


ATTACHMENT 2 SEABROOK STATION The Seabrook trusts contain non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the New Hampshire Decommissioning Financing Committee (NDFC). NextEra understands that under NRC guidance, either an order of the NDFC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in 2011 with the NDFC. Seabrook is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).
ATTACHMENT 2 SEABROOK STATION The Seabrook trusts contain non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the New Hampshire Decommissioning Financing Committee (NDFC). NextEra understands that under NRC guidance, either an order of the NDFC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in 2011 with the NDFC. Seabrook is utilizing the formula method to demonstrate financial assurance pursuant to 1 OCFR 50.75(b).
NextEra Energy Seabrook, LLC Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Study Scenario 1 (thousands of $2010)             Seabrook         NextEra   I Hudson I MMWEC     I Taunton License Termination                                                542,880 Spent Fuel Management                                              220,244 Site Restoration                                                    39,084 Total                                                              802,208 Component %
NextEra Energy Seabrook, LLC Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Study Scenario 1 (thousands of $2010)
License Termination                                                67.67%
License Termination Spent Fuel Management Site Restoration Total Component %
Spent Fuel Management                                              27.45%
License Termination Spent Fuel Management Site Restoration Total Projected Trust Fund Balance at Shutdown Projection at Shutdown - License Termination Portion (Allocation based on TLG Study)
Site Restoration                                                    4.87%
Seabrook NextEra I Hudson I MMWEC I Taunton 542,880 220,244 39,084 802,208 67.67%
Total                                                                100%
27.45%
Projected Trust Fund Balance at Shutdown                      875,365,914 797,794,034   711,079 75,928,527   932,274 Projection at Shutdown - License Termination Portion (Allocation based on TLG Study)                                592,388,318 539,892,927   481,210 51,383,281   630,900 Page 116
4.87%
100%
875,365,914 797,794,034 711,079 75,928,527 932,274 592,388,318 539,892,927 481,210 51,383,281 630,900 Page 116


Duane Arnold Energy Center NextEra Energy Duane Arnold, LLC (NextEra),
Duane Arnold Energy Center NextEra Energy Duane Arnold, LLC (NextEra),
Line 224: Line 327:
Corn Belt Power Cooperative (Corn Belt)
Corn Belt Power Cooperative (Corn Belt)
Decommissioning Funding Status Report
Decommissioning Funding Status Report
: 1. The minimum decommissioninc fund estimate Dursuant to 10 CFR 50.75(b) and (c).
: 1.
Plant Owner (% Ownership)                                                     NRC Minimum (a)
The minimum decommissioninc fund estimate Dursuant to 10 CFR 50.75(b) and (c).
NextEra (70%)                                                               427,180,627 CIPCO (20%)                                                                 122,051,608 Corn Belt (10%)                                                             61,025,804 Total   610,258,039 (a) Refer to Duane Arnold Attachment I for calculation assumptions.
2.
: 2. The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)
3.
Plant Owner (% Ownership)                                                     Total NextEra (70%)                                                               332,227,974 CIPCO (20%)                                                                 58,129,743 Corn Belt (10%)                                                             27,167,135 Total   417,524,852 Projected Funds at Shutdown 3.
Plant Owner (% Ownership)
Plant Owner (% Ownership)                                                     Total NextEra (70%) (a)                                                           521,585,360 CIPCO (20%) (a)                                                             142,688,055 Corn Belt (10%) (a)                                                         66,685,752 Total   730,959,166 (a) Projection includes a pro-rata credit during the dismantlement period pursuant to IOCFR 50.75(e)(1)(ii).
NRC Minimum (a)
: 4. Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.
NextEra (70%)
Plant Owner (% Ownership)                                                 Real Rate of Return NextEra (see note (c)) (70%)                                                   2%
427,180,627 CIPCO (20%)
CIPCO   (see note (d)) (20%)                                                   4%
122,051,608 Corn Belt (10%)
Corn Belt (see note (e)) (10%)                                                 4%
61,025,804 Total 610,258,039 (a) Refer to Duane Arnold Attachment I for calculation assumptions.
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)
Plant Owner (% Ownership)
Total NextEra (70%)
332,227,974 CIPCO (20%)
58,129,743 Corn Belt (10%)
27,167,135 Total 417,524,852 Projected Funds at Shutdown Plant Owner (% Ownership)
Total NextEra (70%) (a) 521,585,360 CIPCO (20%) (a) 142,688,055 Corn Belt (10%) (a) 66,685,752 Total 730,959,166 (a) Projection includes a pro-rata credit during the dismantlement period pursuant to IOCFR 50.75(e)(1)(ii).
: 4.
Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.
Plant Owner (% Ownership)
Real Rate of Return NextEra (see note (c)) (70%)
2%
CIPCO (see note (d)) (20%)
4%
Corn Belt (see note (e)) (10%)
4%
Basis for Allowance:
Basis for Allowance:
(c) 10 CFR 50.75 allows licensees to assume up to a 2% real rate of return unless the licensee's rate-setting authority has specifically authorized a higher rate.
(c) 10 CFR 50.75 allows licensees to assume up to a 2% real rate of return unless the licensee's rate-setting authority has specifically authorized a higher rate.
Line 246: Line 365:
(e) Corn Belt Power Cooperative is a public corporation incorporated under Chapter 499 Iowa Code (2009). Corn Belt has the authority and is required to fix, establish, and collect adequate rates and other charges for electrical energy or services sold or furnished by it. Corn Belt is governed by an 11 member Board of Directors who are elected by its members. The Corn Belt Board of Directors is accordingly authorized to establish its own rates and other charges through which it can recover its cost of service and is the rate making authority for the Cooperative.
(e) Corn Belt Power Cooperative is a public corporation incorporated under Chapter 499 Iowa Code (2009). Corn Belt has the authority and is required to fix, establish, and collect adequate rates and other charges for electrical energy or services sold or furnished by it. Corn Belt is governed by an 11 member Board of Directors who are elected by its members. The Corn Belt Board of Directors is accordingly authorized to establish its own rates and other charges through which it can recover its cost of service and is the rate making authority for the Cooperative.
The Cooperative's rates are not regulated by any state or federal authority. In a Board Resolution dated May 2, 2014, the Corn Belt Board of Directors resolved that the rates and other charges for electrical energy services and the decommissioning fund be established assuming a real rate of return on the decommissioning fund of four percent. The Board Resolution is included as Duane Arnold Attachment 2.
The Cooperative's rates are not regulated by any state or federal authority. In a Board Resolution dated May 2, 2014, the Corn Belt Board of Directors resolved that the rates and other charges for electrical energy services and the decommissioning fund be established assuming a real rate of return on the decommissioning fund of four percent. The Board Resolution is included as Duane Arnold Attachment 2.
: 5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).                                                           None
: 5.
: 6. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.                             None
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
: 7. Any material changes to trust agreements.
None
: 6.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
None
: 7.
Any material changes to trust agreements.
None Page 118
None Page 118


ATTACHMENT 1 DUANE ARNOLD ENERGY CENTER NRC Minimum Decommissioning Cost Determination NRC Minimum = $121.2 million X (0.65L + 0.13E + 0.22B)
ATTACHMENT 1 DUANE ARNOLD ENERGY CENTER NRC Minimum Decommissioning Cost Determination NRC Minimum = $121.2 million X (0.65L + 0.13E + 0.22B)
Where:
Where:
                                    $121.2 million is value for reference BWR in 1986 dollars L = Labor escalation factor to current year 38 E = Energy escalation factor to current year439 B = LLRW escalation factor to current year °
$121.2 million is value for reference BWR in 1986 dollars L = Labor escalation factor to current year 38 E = Energy escalation factor to current year39 B = LLRW escalation factor to current year4 ° Item Description Value 1
    #                                            Item Description                                                   Value 1       Labor escalation factor for Quarter 4, 2014 38                                                             120.3 2       Base adjustment factor from NUREG-1 307 37                                                                 2.08 3       Escalation factor from NUREG-1 307                                                                         100 4       L = #1 times #2 divided by #3                                                                               2.50 5       Electric power escalation factor, 2014 41                                                                 214.7 6       Electric power escalation factor for Jan., 1986 from NUREG-1 307                                           114.2 7       Fuel escalation factor for 2014 42                                                                         221.0 8       Fuel escalation factor for Jan., 1986 from NUREG-1307                                                       82 9       P = #5 divided by #6                                                                                       1.88 10       F = #7 divided by #8                                                                                       2.70 11       E = 0.54P(#9) + 0.46F(#10) per NUREG-1307                                                                   2.25 12     Value of B from Table 2.1 of NUREG-1 307 40                                                                 14.16 13       0.65L(#4) + 0.13E(#11) + 0.22B(#12)                                                                         5.03 14       1986 minimum-millions of dollars for BWR                                                                   121.2 15       2014 minimum-millions of dollars: #13 times #14                                                           610.3
Labor escalation factor for Quarter 4, 2014 38 120.3 2
Base adjustment factor from NUREG-1 307 37 2.08 3
Escalation factor from NUREG-1 307 100 4
L = #1 times #2 divided by #3 2.50 5
Electric power escalation factor, 2014 41 214.7 6
Electric power escalation factor for Jan., 1986 from NUREG-1 307 114.2 7
Fuel escalation factor for 2014 42 221.0 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.54P(#9) + 0.46F(#10) per NUREG-1307 2.25 12 Value of B from Table 2.1 of NUREG-1 307 40 14.16 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 5.03 14 1986 minimum-millions of dollars for BWR 121.2 15 2014 minimum-millions of dollars: #13 times #14 610.3
" NUREG 1307, Rev 15, Table 3.2 38 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).
" NUREG 1307, Rev 15, Table 3.2 38 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).
39 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
39 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
40 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1 307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1307 will not be issued in 2014.
40NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1 307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1307 will not be issued in 2014.
41 December 2014 value is 214.7. (See note #40) Information was preliminary as of 01/15/15.
41 December 2014 value is 214.7. (See note #40) Information was preliminary as of 01/15/15.
42 December 2014 value 221.0 (See note #40) Information was preliminary as of 01/15/15.
42 December 2014 value 221.0 (See note #40) Information was preliminary as of 01/15/15.
Page 119
Page 119


Line 267: Line 399:
a1p6pbnate to c*ry out the approval of this action.
a1p6pbnate to c*ry out the approval of this action.
and that dhe action taken ind/or resolutions. adopted as above set out have never been rescinded.
and that dhe action taken ind/or resolutions. adopted as above set out have never been rescinded.
altered, amendedrmodificd, or ryNalcd, and art of the date heirof in full force and cffceL IN WITNESS WHEREOF, I have hereunto set my hand and attached the seal of the Cooperative this 23rd dayof         Nay                         A.D., 2014 (Seal)                                               - * ",                          ..........
altered, amendedr modificd, or ryNalcd, and art of the date heirof in full force and cffceL IN WITNESS WHEREOF, I have hereunto set my hand and attached the seal of the Cooperative this 23rd dayof Nay A.D., 2014 (S eal)
Secretary Page 120
Secretary Page 1 20


Point Beach Nuclear Plant - Unit I NextEra Energy Point Beach, LLC (NextEra),
Point Beach Nuclear Plant - Unit I NextEra Energy Point Beach, LLC (NextEra),
Decommissioning Funding Status Report
Decommissioning Funding Status Report
: 1. The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
: 1.
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
NRC Minimum (a)
NRC Minimum (a)
NextEra (100%)                                                             451,483,884 (a) Refer to Point Beach Unit I Attachment 1 for calculation assumptions.
NextEra (100%)
: 2. The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes)
451,483,884 (a) Refer to Point Beach Unit I Attachment 1 for calculation assumptions.
I : Total NextEra (100%)                                                             379,545,734
: 2.
: 3. Projected Funds at Shutdown (2% real rate of return).
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.
I                                                         Total NextEra (100%) (see note (b)                                               557,255,160 (b) Projection includes a pro-rata credit during the dismantlement period pursuant to IOCFR 50.75(e)(1)(ii).
I : Total NextEra (100%)
: 4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).                                                       None
379,545,734 Projected Funds at Shutdown (2% real rate of return).
: 5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.                         None
I Total NextEra (100%) (see note (b) 557,255,160 (b) Projection includes a pro-rata credit during the dismantlement period pursuant to IOCFR 50.75(e)(1)(ii).
: 6. Any material changes to trust agreements.                                     None Page I 21
: 4.
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
: 5.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
: 6.
Any material changes to trust agreements.
None None None Page I 21


ATTACHMENT 1 POINT BEACH NUCLEAR PLANT - UNIT 1 NRC Minimum Decommissioning Cost Determination NRC Minimum = $90.84 million X (0.65L + 0.13E + 0.22B)
ATTACHMENT 1 POINT BEACH NUCLEAR PLANT - UNIT 1 NRC Minimum Decommissioning Cost Determination NRC Minimum = $90.84 million X (0.65L + 0.13E + 0.22B)
Where:
Where:
                                    $90.84 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year 44 E = Energy escalation factor to current year445                    6 B = LLRW escalation factor to current year
$90.84 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year44 E = Energy escalation factor to current year45 B = LLRW escalation factor to current year 46 Item Description Value 1
    #                                            Item Description                                                     Value 1       Labor escalation factor for Quarter 4, 2014 44                                                             120.3 2       Base adjustment factor from NUREG-1 307 43                                                                   2.08 3       Escalation factor from NUREG-1 307                                                                           100 4       L = #1 times #2 divided by #3                                                                               2.50 5       Electric power escalation factor, 2014 47                                                                   214.7 6       Electric power escalation factor for Jan., 1986 from NUREG-1 307                                           114.2 7       Fuel escalation factor for 2014 48                                                                         221.0 8       Fuel escalation factor for Jan., 1986 from NUREG-1307                                                         82 9       P = #5 divided by #6                                                                                         1.88 10       F = #7 divided by #8                                                                                         2.70 11       E = 0.58P(#9) + 0.42F(#10) per NUREG-1307                                                                   2.22 12       Value of B from Table 2.1 of NUREG-1307 46                                                                 13.885 13       0.65L(#4) + 0.13E(#11) + 0.22B(#12)                                                                         4.97 14       1986 minimum-millions of dollars for PWR                                                                   90.84 15       2014 minimum-millions of dollars: #13 times #14                                                             451.5 4' NUREG 1307, Rev 15, Table 3.2 44 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).
Labor escalation factor for Quarter 4, 2014 44 120.3 2
Base adjustment factor from NUREG-1 307 43 2.08 3
Escalation factor from NUREG-1 307 100 4
L = #1 times #2 divided by #3 2.50 5
Electric power escalation factor, 2014 47 214.7 6
Electric power escalation factor for Jan., 1986 from NUREG-1 307 114.2 7
Fuel escalation factor for 2014 48 221.0 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.22 12 Value of B from Table 2.1 of NUREG-1307 46 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.97 14 1986 minimum-millions of dollars for PWR 90.84 15 2014 minimum-millions of dollars: #13 times #14 451.5 4' NUREG 1307, Rev 15, Table 3.2 44 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).
45 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
45 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
46 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1307 when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1307 will not be issued in 2014.
46 NUREG 1307 provides a value for B in Table 2.1.
In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1307 when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1307 will not be issued in 2014.
47 December 2014 value is 214.7 (See note #46) Information was preliminary as of 01/15/15.
47 December 2014 value is 214.7 (See note #46) Information was preliminary as of 01/15/15.
43 December 2014 value is 221.0 (See note #46) Information was preliminary as of 01/15/15.
43 December 2014 value is 221.0 (See note #46) Information was preliminary as of 01/15/15.
Line 295: Line 443:
Point Beach Nuclear Plant - Unit 2 NextEra Energy Point Beach, LLC (NextEra),
Point Beach Nuclear Plant - Unit 2 NextEra Energy Point Beach, LLC (NextEra),
Decommissioning Funding Status Report
Decommissioning Funding Status Report
: 1. The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
: 1.
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
NRC Minimum (a)
NRC Minimum (a)
NextEra (100%)                                                             451,483,884 (a) Refer to Point Beach Unit 2 Attachment I for calculation assumptions.
NextEra (100%)
: 2. The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes)
451,483,884 (a) Refer to Point Beach Unit 2 Attachment I for calculation assumptions.
I                                                                               Total NextEra (100%)                                                             357,619,786
: 2.
: 3. Projected Funds at Shutdown (2% real rate of return).
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.
Total NextEra (100%) (see note (b))                                               550,739,446 (b) Projection includes a pro-rata credit during the dismantlement period pursuant to 10CFR 50.75(e)(1)(ii).
I Total NextEra (100%)
: 4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).                                                       None
357,619,786 Projected Funds at Shutdown (2% real rate of return).
: 5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.                         None
Total NextEra (100%) (see note (b))
: 6. Any material changes to trust agreements.                                     None Page I23
550,739,446 (b) Projection includes a pro-rata credit during the dismantlement period pursuant to 10CFR 50.75(e)(1)(ii).
: 4.
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
: 5.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
: 6.
Any material changes to trust agreements.
None None None Page I 23


ATTACHMENT I POINT BEACH NUCLEAR PLANT - UNIT 2 NRC Minimum Decommissioning Cost Determination NRC Minimum = $90.84 million X (0.65L + 0.13E + 0.22B)
ATTACHMENT I POINT BEACH NUCLEAR PLANT - UNIT 2 NRC Minimum Decommissioning Cost Determination NRC Minimum = $90.84 million X (0.65L + 0.13E + 0.22B)
Where:
Where:
                                    $90.84 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year 50 E = Energy escalation factor to current year52                    51 B = LLRW escalation factor to current                   year
$90.84 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year 50 E = Energy escalation factor to current year51 B = LLRW escalation factor to current year52 Item Description Value 1
    #                                            Item Description                                                     Value 1       Labor escalation factor for Quarter 4, 2014 50                                                               120.3 2       Base adjustment factor from NUREG-1 307 49                                                                   2.08 3       Escalation factor from NUREG-1 307                                                                             100 4       L = #1 times #2 divided by #3                                                                                 2.50 5       Electric power escalation factor, 2014 53                                                                   214.7 6       Electric power escalation factor for Jan., 1986 from NUREG-1307                                             114.2 7       Fuel escalation factor for 2014 54                                                                           221.0 8       Fuel escalation factor for Jan., 1986 from NUREG-1 307                                                         82 9       P = #5 divided by #6                                                                                         1.88 10       F = #7 divided by #8                                                                                         2.70 11       E = 0.58P(#9) + 0.42F(#10) per NUREG-1307                                                                     2.22 12       Value of B from Table 2.1 of NUREG-1307 52                                                                   13.885 13       0.65L(#4) + 0.13E(#11) + 0.22B(#12)                                                                           4.97 14       1986 minimum-millions of dollars for PWR                                                                     90.84 15       2014 minimum-millions of dollars: #13 times #14                                                             451.5
Labor escalation factor for Quarter 4, 2014 50 120.3 2
Base adjustment factor from NUREG-1 307 49 2.08 3
Escalation factor from NUREG-1 307 100 4
L = #1 times #2 divided by #3 2.50 5
Electric power escalation factor, 2014 53 214.7 6
Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2014 54 221.0 8
Fuel escalation factor for Jan., 1986 from NUREG-1 307 82 9
P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.22 12 Value of B from Table 2.1 of NUREG-1307 52 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.97 14 1986 minimum-millions of dollars for PWR 90.84 15 2014 minimum-millions of dollars: #13 times #14 451.5
" NUREG 1307, Rev 15, Table 3.2 50 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).
" NUREG 1307, Rev 15, Table 3.2 50 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).
51 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
51 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
Line 315: Line 479:
53 December 2014 value is 214.7 (See note #52) Information was preliminary as of 01/15/15.
53 December 2014 value is 214.7 (See note #52) Information was preliminary as of 01/15/15.
54 December 2014 value is 221.0 (See note #52) Information was preliminary as of 01/15/15.
54 December 2014 value is 221.0 (See note #52) Information was preliminary as of 01/15/15.
Page I 24
Page I 24 Independent Spent Fuel Storage Installation (ISFSI)
 
Enclosure 2 Independent Spent Fuel Storage Installation (ISFSI)
Decommissioning Financial Assurance Update 10 CFR 72.30(c)
Decommissioning Financial Assurance Update 10 CFR 72.30(c)
 
NextEra ISFSI Decommissioning Financial Assurance Update 10 CFR 72.30(c)
Enclosure 2 NextEra ISFSI Decommissioning Financial Assurance Update 10 CFR 72.30(c)
The following table adjusts the ISFSI Decommissioning Funding Plans reported via Request for Additional Information (RAI) Response dated August 12, 2014. This table escalates the cost estimates from 2012 dollars to 2014 dollars and reflects December 31, 2014 trust balances.
The following table adjusts the ISFSI Decommissioning Funding Plans reported via Request for Additional Information (RAI) Response dated August 12, 2014. This table escalates the cost estimates from 2012 dollars to 2014 dollars and reflects December 31, 2014 trust balances.
Projected 10 CFR 50.75     NRC Minimum   Decommissioning       ISFSl Trust Balance   Decommissioning     Amount per   Trust Fund Value Decommissioning as of 12/31/14 Trust Fund Value   10 CFR 50.75(b)     Surplus       Cost Estimate Site           ($Thousands)   ($Thousands)       ($Thousands)   ($Thousands)     ($Thousands)
Projected 10 CFR 50.75 NRC Minimum Decommissioning ISFSl Trust Balance Decommissioning Amount per Trust Fund Value Decommissioning as of 12/31/14 Trust Fund Value 10 CFR 50.75(b)
St Lucie Unit 1                   954,976         1,452,617       500,028           952,589           2,304 St Lucie Unit 2 - FPL             805,594         1,410,418       425,546           984,872           1,961 St Lucie Unit 2- FMPA               65,927           115,423         44,032           71,391             203 St. Lucie Unit 2- OUC               39,869             69,802         30,449           39,353             140 Turkey Point Unit 3               790,655         1,119,490       483,740           635,750           2,090 Turkey Point Unit 4               892,672         1,282,239       483,740           798,499           2,090 Seabrook - NextEra                 549,424           797,794       469,992           327,802           2,963 Seabrook - MMWEC                   52,290             75,929         61,758           14,171             389 Seabrook - Tauton                     642               932             535             398               3 Seabrook - Hudson                     490               711             412             299               3 Duane Arnold - NextEra             332,228           521,585       427,181           94,405           2,172 Duane Arnold - Corn Belt           27,167             66,686         61,026             5,660             310 Duane Arnold - CIPCO               58,130           142,688       122,052           20,636             621 Point Beach Unit 1                 379,546           557,255       451,484           105,771           1,588 Point Beach Unit 2                 357,620           550,739       451,484           99,256           1,588 Page     I1}}
Surplus Cost Estimate Site
($Thousands)
($Thousands)
($Thousands)
($Thousands)
($Thousands)
St Lucie Unit 1 954,976 1,452,617 500,028 952,589 2,304 St Lucie Unit 2 - FPL 805,594 1,410,418 425,546 984,872 1,961 St Lucie Unit 2-FMPA 65,927 115,423 44,032 71,391 203 St. Lucie Unit 2-OUC 39,869 69,802 30,449 39,353 140 Turkey Point Unit 3 790,655 1,119,490 483,740 635,750 2,090 Turkey Point Unit 4 892,672 1,282,239 483,740 798,499 2,090 Seabrook - NextEra 549,424 797,794 469,992 327,802 2,963 Seabrook - MMWEC 52,290 75,929 61,758 14,171 389 Seabrook - Tauton 642 932 535 398 3
Seabrook - Hudson 490 711 412 299 3
Duane Arnold - NextEra 332,228 521,585 427,181 94,405 2,172 Duane Arnold - Corn Belt 27,167 66,686 61,026 5,660 310 Duane Arnold - CIPCO 58,130 142,688 122,052 20,636 621 Point Beach Unit 1 379,546 557,255 451,484 105,771 1,588 Point Beach Unit 2 357,620 550,739 451,484 99,256 1,588 Page I 1}}

Latest revision as of 14:36, 10 January 2025

Decommissioning Funding Status Reports / Independent Spent Fuel Storage Installation (ISFSI) Financial Assurance Update
ML15090A114
Person / Time
Site: Saint Lucie, Point Beach, Seabrook, Turkey Point, Duane Arnold, 07200061, 07200062  
Issue date: 03/27/2015
From: Petro J
Nextera Energy, NextEra Energy Seabrook
To:
Document Control Desk, Office of Nuclear Material Safety and Safeguards
References
L-2015-064
Download: ML15090A114 (29)


Text

NEXTeraTm ENERGY March 27, 2015 L-2015-064 10 CFR 50.75(f)(1) 10 CFR 72.30(c)

Nuclear Regulatory Commission Attn: Document Control Desk Washington, DC 20555-0001 RE:

St. Lucie Units 1 and 2 Docket Nos. 50-335 and 50-389 Docket No. 72-61 Turkey Point Units 3 and 4 Docket Nos. 50-250 and 50-251 Docket No. 72-62 NextEra Energy Seabrook, LLC Seabrook Station Docket No. 50-443 Docket No. 72-63 NextEra Energy Duane Arnold, LLC Duane ArnoLd Energy Center Docket No. 50-331 Docket No 72-32 NextEra Energy Point Beach, LLC Point Beach Units 1 and 2 Docket Nos. 50-266, 50-301 Docket No. 72-05 Decommissioning Funding Status Reports / Independent Spent Fuel Storage Installation (ISFSI) Financial Assurance Update Pursuant to 10 CFR 50.75(f)(1) and 10 CFR 72.30(c), enclosed are the Decommissioning Funding Status (DFS)

Reports and Independent Spent Fuel Storage Installation Financial Assurance Update for the following units:

1. St. Lucie Units 1 and 2
2.

Turkey Point Units 3 and 4

3.

Seabrook Station

4.

Duane Arnold Energy Center

5.

Point Beach Units 1 and 2 Florida Power and Light Company (FPL) is the sole owner of Turkey Point Units 3 and 4 and St. Lucie Unit 1. FPL, Florida Municipal Power Agency, and Orlando Utilities Commission own St. Lucie Unit 2. The report for St. Lucie Unit 2 provides the status of decommissioning funding for all three owners of that unit.

NextEra Energy, Inc.

700 Universe Boulevard, Juno Beach, FL 33408

L-2015-064 Page 2 of 2 NextEra Energy Seabrook, LLC (Seabrook), Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, and Taunton Municipal Lighting Plant own Seabrook Station. The report for Seabrook Station provides the status of decommissioning funding for all four owners of that unit.

NextEra Energy Duane Arnold, LLC (Duane Arnold), Central Iowa Power Cooperative, and Corn Belt Power Cooperative own Duane Arnold Energy Center. The report for Duane Arnold Energy Center provides the status of decommissioning funding for all three owners of that unit.

NextEra Energy Point Beach, LLC is the sole owner of Point Beach Units 1 and 2.

This letter contains no new commitments and no revisions to existing commitments.

Should there be any questions, please contact Stephanie Castaneda at (561) 694-3438.

James M. Petro, Jr.

Nuclear Licensinq and Re-latory Compliance Director v

Enclosures (2)

Decommissioning Funding Status Reports 10 CFR 50.75(9(1)

St. Lucie Units 1 and 2 Turkey Point Units 3 and 4 Seabrook Station Duane Arnold Energy Center Point Beach Units 1 and 2

St. Lucie Nuclear Plant - Unit 1 Florida Power and Light Company (FPL),

Decommissioning Funding Status Report 1.

The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).

Plant Owner (% Ownership)

NRC Minimum (a)

FPL (100%)

500,028,175 (a) Refer to St. Lucie Unit I Attachment I for calculation assumptions

2.

The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.

I Total1 FPL (100%)

954,975,866 Projected Funds at Shutdown (2% real rate of return).

Total FPL (100%) (see note (b))

1,452,616,935 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.

4.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

5.

Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.

6.

Any material changes to trust agreements.

None None None 1 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.

MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, St. Lucie Unit 1 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2010 with the FPSC.

Page I 1

ATTACHMENT 1 ST. LUCIE NUCLEAR PLANT - UNIT 1 NRC Minimum Decommissioning Cost Determination NRC Minimum = $101.58 million X (0.65L + 0.13E + 0.22B)

Where:

$101.58 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year3 E = Energy escalation factor to current year4 B = LLRW escalation factor to current year5 Item Description Value 1

Labor escalation factor for Quarter 4, 2014 3 122.7 2

Base adjustment factor from NUREG-1 307 2 1.98 3

Escalation factor from NUREG-1307 100 4

L = #1 times #2 divided by #3 2.43 5

Electric power escalation factor, 2014 6 214.7 6

Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7

Fuel escalation factor for 2014 7 221.0 8

Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9

P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1 307 2.22 12 Value of B from Table 2.1 of NUREG-1307 5 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.92 14 1986 minimum-millions of dollars for PWR 101.58 15 2014 minimum-millions of dollars: #13 times #14 500.0 2 NUREG 1307, Rev 15, Table 3.2 3 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).

4 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

5 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1 307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.

r December 2014 value is 214.7 (See note #4) Information was preliminary as of 01/15/15.

7 December 2014 value is 221.0 (See note #4) Information was preliminary as of 01/15/15.

Page I 2

ATTACHMENT 2 ST. LUCIE NUCLEAR PLANT - UNIT 1 The St. Lucie Unit 1 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. St. Lucie Unit 1 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).

Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Study (thousands of $2010)

License Termination Spent Fuel Management Site Restoration Total Category %

License Termination Spent Fuel Management Site Restoration Total St. Lucie Unit I 534,825 188,629 43,670 767,124 69.72%

24.59%

5.69%

100%

Projected Trust Fund Balance at Shutdown Projection at Shutdown - License Termination Portion (Allocation based on TLG Study) 1,452,616,935 1,012,738,296 Page 1 3

St. Lucie Nuclear Plant - Unit 2 Florida Power and Light Company (FPL),

Florida Municipal Power Agency (FMPA),

Orlando Utilities Commission (OUC)

Decommissioning Funding Status Report 1.

The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).

Plant Owner (% Ownership)

NRC Minimum (a)

FPL (85.10449%)

425,546,428 FMPA (8.806%)

44,032,481 OUC (6.08951%)

30,449,266 Total 500,028,175 (a) Refer to St. Lucie Unit 2 Attachment 1 for calculation assumptions

2.

The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)

Total0 3.

FPL (85.10449%)

805,593,858 FMPA (8.806%)

65,926,723 OUC (6.08951%)

39,869,197 Total 911,389,778 Projected Funds at Shutdown (2% real rate of return).

Total FPL (85.10449%) (see note (b))

1,410,418,037 FMPA (8.806%) (see note (c))

115,423,223 OUC (6.08951%) (see note (c))

69,802,214 Total 1,595,653,474 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.

(c) Assumes no contributions to the fund.

4.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

5.

Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.

6.

Any material changes to trust agreements.

None None None 8 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.

MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, St. Lucie Unit 2 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2010 with the FPSC..

Page 14

ATTACHMENT 1 ST. LUCIE NUCLEAR PLANT - UNIT 2 NRC Minimum Decommissioning Cost Determination NRC Minimum = $101.58 million X (0.65L + 0.13E + 0.22B)

Where:

$101.58 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year"'

E = Energy escalation factor to current year11 B = LLRW escalation factor to current year 12 Item Description Value 1

Labor escalation factor for Quarter 4, 2014 10 122.7 2

Base adjustment factor from NUREG-1307 9 1.98 3

Escalation factor from NUREG-1307 100 4

L = #1 times #2 divided by #3 2.43 5

Electric power escalation factor, 201413 214.7 6

Electric power escalation factor for Jan., 1986 from NUREG-1 307 114.2 7

Fuel escalation factor for 2014 14 221.0 8

Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9

P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.22 12 Value of B from Table 2.1 of NUREG-1307 12 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.92 14 1986 minimum-millions of dollars for PWR 101.58 15 2014 minimum-millions of dollars: #13 times #14 500.0 9 NUREG 1307, Rev 15, Table 3.2 10 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).

11 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

12 NUREG 1307 provides a value for B in Table 2.1.

In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.

13 December 2014 value is 214.7. (See note #12) Information was preliminary as of 01/15/15.

14 December 2014 value is 221.0 (See note #12) Information was preliminary as of 01/15/15.

Page I 5

ATTACHMENT 2 ST. LUCIE NUCLEAR PLANT - UNIT 2 The St. Lucie Unit 2 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. St. Lucie Unit 2 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).

Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Study (thousands of $2010)

License Termination Spent Fuel Management Site Restoration Total St. Lucie Unit 2 FPL FMPA OuC 517,410 142,476 51,744 711,630 Category %

License Termination Spent Fuel Management Site Restoration Total 72.71%

20.02%

7.27%

100%

Projected Trust Fund Balance at Shutdown Projection at Shutdown - License Termination Portion (Allocation based on TLG Study) 1,595,643,474 1,410,418,037 115,423,223 1,160,156,106 1,025,482,901 83,921,602 69,802,214 50,751,603 Page I 6

1.

Turkey Point Nuclear Plant - Unit 3 Florida Power and Light Company (FPL),

Decommissioning Funding Status Report The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).

Plant Owner (% Ownership)

NRC Minimum (a)

FPL (100%)

483,739,945 (a) Refer to Turkey Point Unit 3 Attachment I for calculation assumptions

2.

The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.

r Total"5 FPL (100%)

790,655,092 Projected Funds at Shutdown (2% real rate of return).

Total FPL (100%) (see note (b))

1,119,490,018 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.

4.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

5.

Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.

6.

Any material changes to trust agreements.

None None None 15 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.

MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, Turkey Point Unit 3 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2010 with the FPSC Page 1 7

ATTACHMENT 1 TURKEY POINT NUCLEAR PLANT - UNIT 3 NRC Minimum Decommissioning Cost Determination NRC Minimum = $98.27 million X (0.65L + 0.13E + 0.22B)

Where:

$98.27 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year 17 E = Energy escalation factor to current year18 B = LLRW escalation factor to current year 19 Item Description Value 1

Labor escalation factor for Quarter 4, 2014 17 122.7 2

Base adjustment factor from NUREG-1 307 16 1.98 3

Escalation factor from NUREG-1307 100 4

L = #1 times #2 divided by #3 2.43 5

Electric power escalation factor, 2014 20 214.7 6

Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7

Fuel escalation factor for 2014 21 221.0 8

Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9

P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.22 12 Value of B from Table 2.1 of NUREG-1307 19 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.92 14 1986 minimum-millions of dollars for PWR 98.27 15 2014 minimum-millions of dollars: #13 times #14 483.7 16 NUREG 1307, Rev 15, Table 3.2 17 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).

18 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

19 NUREG 1307 provides a value for B in Table 2.1.

In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1307 will not be issued in 2014.

20 December 2014 value is 214.7. (See note #19) Information was preliminary as of 01/15/15.

21 December 2014 value is 221.0 (See note #19) Information was preliminary as of 01/15/15.

Page I 8

ATTACHMENT 2 TURKEY POINT NUCLEAR PLANT - UNIT 3 The Turkey Point Unit 3 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. Turkey Point Unit 3 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).

Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Studv Ithousands of 120101 Turkey Point l

I.............

T....

I License Termination Spent Fuel Management Site Restoration Total Catenory %

License Termination Spent Fuel Management Site Restoration Total Unit 3 449,543 169,113 35,047 653,703 68.77%

25.87%

5.36%

100%

Projected Trust Fund Balance at Shutdown Projection at Shutdown - License Termination Portion (Allocation based on TLG Study) 1,119,490,018 769,858,638 Page I 9

Turkey Point Nuclear Plant - Unit 4 Florida Power and Light Company (FPL),

Decommissioning Funding Status Report 1.

The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).

Plant Owner (% Ownership)

NRC Minimum (a)

FPL (100%)

483,739,945 (a) Refer to Turkey Point Unit 4 Attachment I for calculation assumptions

2.

The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.

I Total2" FPL (100%)

892,671,817 Projected Funds at Shutdown (2% real rate of return).

Total FPL (100%) (see note (b))

1,282,238,869 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.

4.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

5.

Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.

6.

Any material changes to trust agreements.

None None None 22 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.

MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, Turkey Point Unit 4 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2010 with the FPSC.

Page 110

ATTACHMENT I TURKEY POINT NUCLEAR PLANT - UNIT 4 NRC Minimum Decommissioning Cost Determination NRC Minimum = $98.27 million X (0.65L + 0.13E + 0.22B)

Where:

$98.27 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year24 E = Energy escalation factor to current year25 B = LLRW escalation factor to current year26 Item Description Value 1

Labor escalation factor for Quarter 4, 2014 24 122.7 2

Base adjustment factor from NUREG-1307 23 1.98 3

Escalation factor from NUREG-1307 100 4

L = #1 times #2 divided by #3 2.43 5

Electric power escalation factor, 2014 27 214.7 6

Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7

Fuel escalation factor for 2014 28 221.0 8

Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9

P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1 307 2.22 12 Value of B from Table 2.1 of NUREG-1 307 26 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.92 14 1986 minimum-millions of dollars for PWR 98.27 15 2014 minimum-millions of dollars: #13 times #14 483.7 23 NUREG 1307, Rev 15, Table 3.2 24 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).

25 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

26 NUREG 1307 provides a value for B in Table 2.1.

In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1 307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.

27 December 2014 value is 214.7 (See note #26) Information was preliminary as of 01/15/15.

28 December 2014 value is 221.0 (See note #26) Information was preliminary as of 01/15/15.

Page I 11

ATTACHMENT 2 TURKEY POINT NUCLEAR PLANT - UNIT 4 The Turkey Point Unit 4 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. Turkey Point Unit 4 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).

Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Study (thousands of $2010)

Turkey Point I License Termination Spent Fuel Management Site Restoration Total Cateplory %

License Termination Spent Fuel Management Site Restoration Total Projected Trust Fund Balance at Shutdown Projection at Shutdown - License Termination Portion (Allocation based on TLG Study)

Unit4 483,444 204,893 44,176 732,513 66.00%

27.97%

6.03%

100%

1,282,238,869 846,252,132 Page 112

Seabrook Station NextEra Energy Seabrook, LLC, Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, Taunton Municipal Lighting Plant Decommissioning Funding Status Report29 I.

The minimum decommissionincl fund estimate pursuant to 10 CFR 50.75(b) and (c).

Plant Owner (% Ownership)

NRC Minimum (a)

NextEra Energy Seabrook, LLC. (88.22889%)

469,992,209 Hudson Light and Power Department (.07737%)

412,147 Massachusetts Municipal Wholesale Electric Company (11.5934%)

61,757,636 Taunton Municipal Lighting Plant (.10034%)

534,508 Total 532,696,500 (a) Refer to Seabrook Attachment I for calculation assumptions

2.

The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)

Total30 3.

NextEra Energy Seabrook, LLC. (88.22889%)

549,423,804 Hudson Light and Power Department (.07737%)

489,705 Massachusetts Municipal Wholesale Electric Company (11.5934%)

52,290,364 Taunton Municipal Lighting Plant (.10034%)

642,037 Total 602,845,910 Projected Funds at Shutdown (2% real rate of return).

Total NextEra Energy Seabrook, LLC.

(88.22889%)

797,794,034 Hudson Light and Power Department (.07737%)

711,079 Massachusetts Municipal Wholesale Electric Company (11.5934%)

75,928,527 Taunton Municipal Lighting Plant (.10034%)

932,274 Total 875,365,914 29 The New Hampshire Nuclear Decommissioning Financing Committee (NDFC) was established under New Hampshire law to provide assurance of adequate funding for decommissioning of nuclear generating facilities. This was intended "to ensure proper and safe decommissioning and subsequent surveillance of nuclear reactor sites to the extent necessary to prevent such sites from constituting a hazard to future generations." RSA 162-F:1. The NDFC is responsible for determining the appropriate amount of money that needs to be set aside and maintained in a trust fund, for the purpose of decommissioning any nuclear facilities located in the state of New Hampshire.

30 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.

MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. The Seabrook trusts contain non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the NDFC. NextEra understands that under NRC guidance, either an order of the NDFC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, Seabrook Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in 2011 with the NDFC.

Page 113

Seabrook Station NextEra Energy Seabrook, LLC, Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, Taunton Municipal Lighting Plant Decommissioning Funding Status Report

4.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

5.

Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.

6.

Any material changes to trust agreements.

None None None Page 1 14.

ATTACHMENT I SEABROOK STATION NRC Minimum Decommissioning Cost Determination NRC Minimum = $105 million X (0.65L + 0.13E + 0.22B)

Where:

$105 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year32 E = Energy escalation factor to current year33 B = LLRW escalation factor to current year 34 Item Description Value 1

Labor escalation factor for Quarter 4, 2014 32 123.2 2

Base adjustment factor from NUREG-1 307 31 2.16 3

Escalation factor from NUREG-1 307 100 4

L = #1 times #2 divided by #3 2.66 5

Electric power escalation factor, 2014 35 214.7 6

Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7

Fuel escalation factor for 2014 36 221.0 8

Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9

P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.22 12 Value of B from Table 2.1 of NUREG-1307 34 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 5.07 14 1986 minimum-millions of dollars for PWR 105 15 2014 minimum-millions of dollars: #13 times #14 532.7 31 NUREG 1307, Rev 15, Table 3.2 32 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, and Series CIU20100000002101 (Northeast Region).

33 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

34 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.

35 December 2014 value is 217.7 (See note #34) Information was preliminary as of 01/15/15.

36 December 2014 value is 221.0 (See note #34) Information was preliminary as of 01/15/15.

Page 115

ATTACHMENT 2 SEABROOK STATION The Seabrook trusts contain non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the New Hampshire Decommissioning Financing Committee (NDFC). NextEra understands that under NRC guidance, either an order of the NDFC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in 2011 with the NDFC. Seabrook is utilizing the formula method to demonstrate financial assurance pursuant to 1 OCFR 50.75(b).

NextEra Energy Seabrook, LLC Decommissioning Trust Fund - License Termination Funds As of December 31, 2014 TLG Cost Study Scenario 1 (thousands of $2010)

License Termination Spent Fuel Management Site Restoration Total Component %

License Termination Spent Fuel Management Site Restoration Total Projected Trust Fund Balance at Shutdown Projection at Shutdown - License Termination Portion (Allocation based on TLG Study)

Seabrook NextEra I Hudson I MMWEC I Taunton 542,880 220,244 39,084 802,208 67.67%

27.45%

4.87%

100%

875,365,914 797,794,034 711,079 75,928,527 932,274 592,388,318 539,892,927 481,210 51,383,281 630,900 Page 116

Duane Arnold Energy Center NextEra Energy Duane Arnold, LLC (NextEra),

Central Iowa Power Cooperative (CIPCO),

Corn Belt Power Cooperative (Corn Belt)

Decommissioning Funding Status Report

1.

The minimum decommissioninc fund estimate Dursuant to 10 CFR 50.75(b) and (c).

2.

3.

Plant Owner (% Ownership)

NRC Minimum (a)

NextEra (70%)

427,180,627 CIPCO (20%)

122,051,608 Corn Belt (10%)

61,025,804 Total 610,258,039 (a) Refer to Duane Arnold Attachment I for calculation assumptions.

The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)

Plant Owner (% Ownership)

Total NextEra (70%)

332,227,974 CIPCO (20%)

58,129,743 Corn Belt (10%)

27,167,135 Total 417,524,852 Projected Funds at Shutdown Plant Owner (% Ownership)

Total NextEra (70%) (a) 521,585,360 CIPCO (20%) (a) 142,688,055 Corn Belt (10%) (a) 66,685,752 Total 730,959,166 (a) Projection includes a pro-rata credit during the dismantlement period pursuant to IOCFR 50.75(e)(1)(ii).

4.

Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.

Plant Owner (% Ownership)

Real Rate of Return NextEra (see note (c)) (70%)

2%

CIPCO (see note (d)) (20%)

4%

Corn Belt (see note (e)) (10%)

4%

Basis for Allowance:

(c) 10 CFR 50.75 allows licensees to assume up to a 2% real rate of return unless the licensee's rate-setting authority has specifically authorized a higher rate.

Page 117

Duane Arnold Energy Center NextEra Energy Duane Arnold, LLC (NextEra),

Central Iowa Power Cooperative (CIPCO),

Corn Belt Power Cooperative (Corn Belt)

Decommissioning Funding Status Report (d) Central Iowa Power Cooperative (CIPCO) is a public corporation incorporated under Chapter 499 Iowa Code (2009). CIPCO has the authority and is required to fix, establish, and collect adequate rates and other charges for electrical energy or services sold or furnished by it. CIPCO is accordingly authorized to establish its own rates and other charges through which it can recover its cost of service.

CIPCO is governed by a 13 member Board of Directors that are elected by the CIPCO members. The Board of Directors is the rate making authority for CIPCO.

CIPCO rates are not regulated by any state or federal authority. In a Board Resolution dated October 27, 2009, the CIPCO Board of Directors resolved that the rates and other charges for electrical energy services and the decommissioning fund be established assuming a real rate of return on the decommissioning fund of four percent.

(e) Corn Belt Power Cooperative is a public corporation incorporated under Chapter 499 Iowa Code (2009). Corn Belt has the authority and is required to fix, establish, and collect adequate rates and other charges for electrical energy or services sold or furnished by it. Corn Belt is governed by an 11 member Board of Directors who are elected by its members. The Corn Belt Board of Directors is accordingly authorized to establish its own rates and other charges through which it can recover its cost of service and is the rate making authority for the Cooperative.

The Cooperative's rates are not regulated by any state or federal authority. In a Board Resolution dated May 2, 2014, the Corn Belt Board of Directors resolved that the rates and other charges for electrical energy services and the decommissioning fund be established assuming a real rate of return on the decommissioning fund of four percent. The Board Resolution is included as Duane Arnold Attachment 2.

5.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

None

6.

Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.

None

7.

Any material changes to trust agreements.

None Page 118

ATTACHMENT 1 DUANE ARNOLD ENERGY CENTER NRC Minimum Decommissioning Cost Determination NRC Minimum = $121.2 million X (0.65L + 0.13E + 0.22B)

Where:

$121.2 million is value for reference BWR in 1986 dollars L = Labor escalation factor to current year 38 E = Energy escalation factor to current year39 B = LLRW escalation factor to current year4 ° Item Description Value 1

Labor escalation factor for Quarter 4, 2014 38 120.3 2

Base adjustment factor from NUREG-1 307 37 2.08 3

Escalation factor from NUREG-1 307 100 4

L = #1 times #2 divided by #3 2.50 5

Electric power escalation factor, 2014 41 214.7 6

Electric power escalation factor for Jan., 1986 from NUREG-1 307 114.2 7

Fuel escalation factor for 2014 42 221.0 8

Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9

P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.54P(#9) + 0.46F(#10) per NUREG-1307 2.25 12 Value of B from Table 2.1 of NUREG-1 307 40 14.16 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 5.03 14 1986 minimum-millions of dollars for BWR 121.2 15 2014 minimum-millions of dollars: #13 times #14 610.3

" NUREG 1307, Rev 15, Table 3.2 38 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).

39 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

40NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1 307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1307 will not be issued in 2014.

41 December 2014 value is 214.7. (See note #40) Information was preliminary as of 01/15/15.

42 December 2014 value 221.0 (See note #40) Information was preliminary as of 01/15/15.

Page 119

ATTACHMENT 2 CORN BELT POWER COOPERATIVE Humboldt, Iowa CERTIFICATE I, Scott Stecelr, do hereby certify that I am the duly appointed, elected, qualified and acting.

Secretary of Corn Belt Power Cooperative and that the feollowing is a true and correct extract of minutes duly adopted by the Board of Directors. of Corn Belt PoweT CoopCeative at its meeting held Nay 2, 2DI4 WHEREAS, it is recommended that the Real Rate of Return on the Docommissioning Trust be reviscd to change the Real Rate of Return from 3% to 4%;

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of Corn Belt Power Cooperative that the Real Rate of Return on the Decommissioning Trust be revised from 3% to 4%; and, BE IT FURTHER RESOLVED, that appropriate offices be authorized and directed to. take such action as may be.

a1p6pbnate to c*ry out the approval of this action.

and that dhe action taken ind/or resolutions. adopted as above set out have never been rescinded.

altered, amendedr modificd, or ryNalcd, and art of the date heirof in full force and cffceL IN WITNESS WHEREOF, I have hereunto set my hand and attached the seal of the Cooperative this 23rd dayof Nay A.D., 2014 (S eal)

Secretary Page 1 20

Point Beach Nuclear Plant - Unit I NextEra Energy Point Beach, LLC (NextEra),

Decommissioning Funding Status Report

1.

The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).

NRC Minimum (a)

NextEra (100%)

451,483,884 (a) Refer to Point Beach Unit I Attachment 1 for calculation assumptions.

2.

The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.

I : Total NextEra (100%)

379,545,734 Projected Funds at Shutdown (2% real rate of return).

I Total NextEra (100%) (see note (b) 557,255,160 (b) Projection includes a pro-rata credit during the dismantlement period pursuant to IOCFR 50.75(e)(1)(ii).

4.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

5.

Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.

6.

Any material changes to trust agreements.

None None None Page I 21

ATTACHMENT 1 POINT BEACH NUCLEAR PLANT - UNIT 1 NRC Minimum Decommissioning Cost Determination NRC Minimum = $90.84 million X (0.65L + 0.13E + 0.22B)

Where:

$90.84 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year44 E = Energy escalation factor to current year45 B = LLRW escalation factor to current year 46 Item Description Value 1

Labor escalation factor for Quarter 4, 2014 44 120.3 2

Base adjustment factor from NUREG-1 307 43 2.08 3

Escalation factor from NUREG-1 307 100 4

L = #1 times #2 divided by #3 2.50 5

Electric power escalation factor, 2014 47 214.7 6

Electric power escalation factor for Jan., 1986 from NUREG-1 307 114.2 7

Fuel escalation factor for 2014 48 221.0 8

Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9

P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.22 12 Value of B from Table 2.1 of NUREG-1307 46 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.97 14 1986 minimum-millions of dollars for PWR 90.84 15 2014 minimum-millions of dollars: #13 times #14 451.5 4' NUREG 1307, Rev 15, Table 3.2 44 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).

45 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

46 NUREG 1307 provides a value for B in Table 2.1.

In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1307 when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1307 will not be issued in 2014.

47 December 2014 value is 214.7 (See note #46) Information was preliminary as of 01/15/15.

43 December 2014 value is 221.0 (See note #46) Information was preliminary as of 01/15/15.

Page I 22

Point Beach Nuclear Plant - Unit 2 NextEra Energy Point Beach, LLC (NextEra),

Decommissioning Funding Status Report

1.

The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).

NRC Minimum (a)

NextEra (100%)

451,483,884 (a) Refer to Point Beach Unit 2 Attachment I for calculation assumptions.

2.

The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.

I Total NextEra (100%)

357,619,786 Projected Funds at Shutdown (2% real rate of return).

Total NextEra (100%) (see note (b))

550,739,446 (b) Projection includes a pro-rata credit during the dismantlement period pursuant to 10CFR 50.75(e)(1)(ii).

4.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

5.

Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.

6.

Any material changes to trust agreements.

None None None Page I 23

ATTACHMENT I POINT BEACH NUCLEAR PLANT - UNIT 2 NRC Minimum Decommissioning Cost Determination NRC Minimum = $90.84 million X (0.65L + 0.13E + 0.22B)

Where:

$90.84 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year 50 E = Energy escalation factor to current year51 B = LLRW escalation factor to current year52 Item Description Value 1

Labor escalation factor for Quarter 4, 2014 50 120.3 2

Base adjustment factor from NUREG-1 307 49 2.08 3

Escalation factor from NUREG-1 307 100 4

L = #1 times #2 divided by #3 2.50 5

Electric power escalation factor, 2014 53 214.7 6

Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7

Fuel escalation factor for 2014 54 221.0 8

Fuel escalation factor for Jan., 1986 from NUREG-1 307 82 9

P = #5 divided by #6 1.88 10 F = #7 divided by #8 2.70 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.22 12 Value of B from Table 2.1 of NUREG-1307 52 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.97 14 1986 minimum-millions of dollars for PWR 90.84 15 2014 minimum-millions of dollars: #13 times #14 451.5

" NUREG 1307, Rev 15, Table 3.2 50 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).

51 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

52 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities. NRC Regulatory Issue Summary (RIS) 2014-12 informs all holders of an operating license for a nuclear power reactor that they can use Revision 15 of NUREG-1 307 for burial value when preparing their decommissioning fund status (DFS) reports due to the NRC by March 31, 2015, because a newer version of NUREG-1 307 will not be issued in 2014.

53 December 2014 value is 214.7 (See note #52) Information was preliminary as of 01/15/15.

54 December 2014 value is 221.0 (See note #52) Information was preliminary as of 01/15/15.

Page I 24 Independent Spent Fuel Storage Installation (ISFSI)

Decommissioning Financial Assurance Update 10 CFR 72.30(c)

NextEra ISFSI Decommissioning Financial Assurance Update 10 CFR 72.30(c)

The following table adjusts the ISFSI Decommissioning Funding Plans reported via Request for Additional Information (RAI) Response dated August 12, 2014. This table escalates the cost estimates from 2012 dollars to 2014 dollars and reflects December 31, 2014 trust balances.

Projected 10 CFR 50.75 NRC Minimum Decommissioning ISFSl Trust Balance Decommissioning Amount per Trust Fund Value Decommissioning as of 12/31/14 Trust Fund Value 10 CFR 50.75(b)

Surplus Cost Estimate Site

($Thousands)

($Thousands)

($Thousands)

($Thousands)

($Thousands)

St Lucie Unit 1 954,976 1,452,617 500,028 952,589 2,304 St Lucie Unit 2 - FPL 805,594 1,410,418 425,546 984,872 1,961 St Lucie Unit 2-FMPA 65,927 115,423 44,032 71,391 203 St. Lucie Unit 2-OUC 39,869 69,802 30,449 39,353 140 Turkey Point Unit 3 790,655 1,119,490 483,740 635,750 2,090 Turkey Point Unit 4 892,672 1,282,239 483,740 798,499 2,090 Seabrook - NextEra 549,424 797,794 469,992 327,802 2,963 Seabrook - MMWEC 52,290 75,929 61,758 14,171 389 Seabrook - Tauton 642 932 535 398 3

Seabrook - Hudson 490 711 412 299 3

Duane Arnold - NextEra 332,228 521,585 427,181 94,405 2,172 Duane Arnold - Corn Belt 27,167 66,686 61,026 5,660 310 Duane Arnold - CIPCO 58,130 142,688 122,052 20,636 621 Point Beach Unit 1 379,546 557,255 451,484 105,771 1,588 Point Beach Unit 2 357,620 550,739 451,484 99,256 1,588 Page I 1