ML111790130

10 CFR 50.75(f)(1) Decommissioning Funding Status Report

ML111790130
Person / Time
Site:	San Onofre
Issue date:	06/27/2011
From:	St.Onge R J Southern California Edison Co
To:	Document Control Desk, NRC/FSME
References
Download: ML111790130 (4)

Text

I SO UTHERN CAL IFORNIAEDISONAn EDISONINTERN ATIONALCompany ATTN: DocumentControlDeskU.S.Nuclear Regulatory Commission Washington, D.C.20555-0001 June27,2011 Richard J.St.Onge Director NuclearRegulatoryAffairs10CFR50.75

Subject:

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

DecommissioningFundingStatus Report San Onofre Nuclear GeneratingStationUnit1

Reference:

Letterfrom R.J.StOnge(SCE)to DocumentControlDesk(NRC),

Subject:

"DocketNo.50-20610CFR50

.75(f)(1)Decommissioning Funding Report,SanOnofre Nuclear Gene ratingStationUnit1"datedMarch31,2011

DearSirorMadam:

Thereferencedletterprovidedthe DecommissioningFundingStatusReportforSan Onofre Nuclear Generating Station (SONGS)Unit1.Afollow-upreviewoftheback-up informationforthereportidentifiedan incorrect applicationofthe escalationrateswhichresultedinarevisiontothesite specific estimate for decommissioning.Enclosedisa revised DecommissioningFundingStatusReportforSanOnofre Nuclear GeneratingStation(SONGS)Unit1

.Thereareno commitmentscontainedinthisletterorits enclosure.Ifyouhaveany questionsregardingthismatter, pleasecontactMs.Linda 1.Conklinat 949-368-9443.

Sincerely, P.O.Bo x 128SanClemente, CA 92674 Document Control Desk-2-Ju ne 27, 2011

Enclosure:

SONGSUnit1 Decomm issioning Funding Status Report cc: E.E.Collins , Regiona l Adm jnistrator

, NRC Region IV J.E.Whitten , NRC Region IV , San OnofreUnit1J.C.Shepherd , NRC Project Manager , San OnofreUnit1G.G.Warnick , NRC Senior Resident Inspector , San Onofre Units2&3

San Onofre Nuclear Gene rating Station Unit 1 Decommissioning Funding Status Report Provided below is the information required by 10 CFR 50.75(f)(1) for San Onofre Unit 1.

This information is reported every year for San Onofre Unit 1 because it was permanently shut down before the end of its licensed life and is currently being decommissioned.

All dollar amounts are in 2010 dollars, and the owners are reported as follows:

Southern California Edison (SCE) 80 %

San Diego Gas & Electric (SDG&E) 20 %

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

a) The minimum amount calculated by t he method prescribed by 10 CFR 50.75(c) is $389.6 million.

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

San Onofre Unit 1 Estimate of Radiological Costs

$ 551.4 million Actual Radiological Costs through 12/31/2010 $ 442.9 million To Go Costs

$ 108.5 million The To Go Costs reflect the remaining obligation fo r the radiological costs associated with terminating the site license.

2) The Decommissioning Trust Fund amount re maining at the end of calendar year 2010 (net of estimated capital gains taxes) is:

Owner

San Onofre Unit 1 SCE

$ 168.8 million SDG&E (2)

$ 85.6 million TOTAL

$ 254.4 million

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

4) The composite escalation rate for San Onofre Unit 1 Decommissioning is 2.49%.

5) The after-tax composite investment rate of return for the San Onofre Unit 1 Decommissioning is 4.32%. The composite investment rate of return less the composite escalation rate yields a compos ite real earnings rate less than the 2.0%

real rate of return allowed under 10 CFR 50.75(e)(1)(ii).

6) None of the owners of San Onofre Unit 1 are relying on any contracts for the purposes of providing decommissioning fundi ng pursuant to 10 CFR 50.75(e)(1)(v). There have been no modifications to the method of providing financial assurance and no material changes to the trus t agreements since the March 29, 2010 Decommissioning Funding Report fo r San Onofre Unit 1.

Notes: (1) The site-specific decommissioning cost estimate for San Onofre Unit 1 that was provided to the California Public Utilities Commission (CPUC) on April 3, 2009, includes the remaining radiological costs associated with terminating the site license; used fuel storage costs, and non-radiological costs which include the costs to exca vate and dispose of all remaining structures, appurtenances, and foundations from t he onshore site, and to perform site restoration, as required under the current site lease contract(s) with the U.S. Department of the Navy, and to disposit ion the Unit 1 offshore circulating water conduits as required under the current amendment to the easement-lease granted by the California State Lands Commission. The CPUC approved the Unit 1 Decommissioning cost estimate on July 29, 2010. (2) SCE is submitting information with respect to its co-owner, SDG&E.

SDG&E is responsible for t he completeness and accuracy of their information.