ML17116A054

Update to Wolf Creek Generating Station (WCGS) Financial Assurance Requirements for Decommissioning Nuclear Power Reactors 10 CFR 50.75(f)(1)

ML17116A054
Person / Time
Site:	Wolf Creek
Issue date:	04/17/2017
From:	Stull A Wolf Creek
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
CO 17-0005
Download: ML17116A054 (3)

Text

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~LFCREEK ., NUCLEAR OPERATING CORPORATION April 17, 2017 Annette F. Stull Vice President and Chief Administrative Officer co 17-0005 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555

Reference:

Letter CO 17-0003, dated March 30, 2017, from AF. Stull, WCNOC, to USN RC

Subject:

Docket No. 50-482: Update to Wolf Creek Generating Station (WCGS)

Financial Assurance Requirements for Decommissioning Nuclear Power Reactors 10 CFR 50.75(f)(1)

To Whom It May Concern:

Subsequent to the submission of the Reference, there was a material change to the Kansas Electric Power Cooperative (KEPCo) trust agreement. Effective April 1, 2017, KEPCo entered into a new trust agreement for their Decommissioning Trust Fund with Country Club Trust Company of Kansas City, Missouri.

The Enclosure of this letter provides the complete replacement of Enclosure I of the Reference.

Enclosure I has been updated to reflect the material change in trust agreement that went into effect on April 1, 2017.

This letter contains no commitments. If you have any questions concerning this matter, please contact me at (620) 364-4004, or Cynthia R. Hafenstine (620) 364-4204.

Sincerely, Annette F. Stull AFS/rlt

Enclosure:

Wolf Creek Nuclear Operating Corporation Decommissioning Funding Status Report as of 4/01/17 cc: K. M. Kennedy (NRC), w/e B. K. Singal (NRC), w/e N. H. Taylor (NRC), w/e Senior Resident Inspector (NRC), w/e P.O. Box 411 /Burlington, KS 66839 I Phone: (620) 364-8831 An Equal Opportunity Employer M/F/HCNET

Wolf Creek Nuclear Operating Corporation Decommissioning Funding Status Report as of 4/01/17 (1 page)

Wolf Creek Nuclear Operating Corporation Decommissioning Funding Status Report as of 4/01/17 Owned by Kansas Gas & Electric (KGE), Kansas City Power and Light (KCPL) and Kansas Electric Power Cooperative (KEPCo)

Westar Energy Great Plains Energy (KGE, 47% ownership) (KCPL, 47% ownership) KEPCo, 6% ownership TOTAL 10 CFR 50.75(f)(1l Reauirement

1) NRC minimum decommissioning estimate pursuant to 10 CFR 50.75( b) and ( c) Dollars in Millions. $231.16 $231.16 $29.50 $491.82

2) The amo.unt of accumulated funds at the end of the calendar year preceding the date of the report for items

$200.12 $222.89 $21.66 $444.68 included in 10 CFR 50.75 ( b) and ( c ). Dollars in Millions.

3) A schedule of the annual amounts to be collected; for items in 10 CFR 50.75 ( b) and ( c ). Dollars in Millions.

$164.02 $93.71 $17.24 $274.97 See Attached Schedules

4) The assumptions used regarding:

(a) Rates of escalation in d~commissioning costs; Kansas 3.15% 3.15% 3.15%

Missouri N/A 3.22% N/A (b) Rates of earning on decommissioning funds; Variable. See attached Variable. See attached Variable. See attached (c) Rates of other factors used in funding projections; and 0.00% 0.00% 0.00%

(d) Real rate of return (2016 - 2025) rate reduces in -

subsequent years; Kansas 2.45% 3.14% 3.59%

Missouri NIA 2.59% N/A

5) Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v)? None None None

6) Any modifications to a licensee's current method of providing financial assurance occurring since the last None None None submitted report?

7) Any material changes to trust agreements?

Yes, effective 4/1/17, KEPCo has entered into a new trust agreement for their None None Decommissioning Trust Fund, with Country Club Trust Company of Kansas City Missouri.

Other information; estimated corporate tax rate 20.00% 20.00% Non-taxable