GO2-11-055, in Accordance with Requirements of 10 CFR 50.75, Reports Status of Decommissioning Funding

in Accordance with Requirements of 10 CFR 50.75, Reports Status of Decommissioning Funding

ML110880356
Person / Time
Site:	Columbia
Issue date:	03/22/2011
From:	Gregoire D Energy Northwest
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
GO2-11-055
Download: ML110880356 (2)

Text

N REDonald W. Gregoire ENERGYRegulatory P.O. Box 968, Mail DropAffairs PE20 Richland, WA 99352-0968

)Ph. 509-377-8616 F. 509-377-4317 dwgregoire@energy-northwest.com March 22, 2011 G02-11-055 10 CFR 50.75(f)(1)

U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555-0001

Subject:

COLUMBIA GENERATING STATION, DOCKET NO. 50-397 DECOMMISSIONING FUND STATUS REPORT

Dear Sir or Madam:

In accordance with the requirements of 10 CFR 50.75(f)(1), Energy Northwest hereby reports the status of the Columbia Generating Station (Columbia) decommissioning funding:

• Estimated Decommissioning Cost- $459.7 Million*

• Fund Balance as of December 31, 2010 - $151.4 Million

• Schedule of Payments - Attached e Assumed Cost Escalation Rate - 4% / year e Assumed Interest Rate - 6% / year 0 10 CFR 50.75(e)(1)(v) Customer Contracts - Not Applicable

• Changes in Financial Assurance Method - None e Material Changes to Trust Agreement - None

• The value for the estimated decommissioning cost as of June 30, 2010, does not include state costs or spent fuel management costs.

There are no commitments being made to the NRC by this letter. Should you have any questions or desire additional information regarding this matter, please contact KD Christianson, (Acting) Licensing Supervisor, at (509) 377- 4315.

esectfully, DW Gregoire (Acting) Manager, Regulatory Affairs

Attachment:

Funding Schedule cc: NRC Region IV Regional Administrator RN Sherman - BPAI1 399 NRC NRR Project Manager AJ Rapacz - BPA/1 399 NRC Senior Resident Inspector/988C WA Horin - Winston & Strawn A-oO 14~-

DECOMMISSIONING FUND STATUS REPORT Attachment Page 1 of 1 Funding Schedule Revised Exhibit D Rev 3 December 31, 2010 Contract No. 96MS95254 2

Columbia Decommissioning (in thousands of dollars)

Interest Account Fiscal Year1 Payment Earned Balance FY 2010 Actuals -- -- 134,601 FY 2011 8,849 8,076 151,526 FY 2012 9,956 9,092 170,573 FY 2013 11,200 10,234 192,007 FY 2014 12,600 11,520 216,128 FY 2015 14,175 12,968 243,271 FY 2016 23,424 14,596 281,291 FY 2017 29,011 16,877 327,179 FY 2018 35,930 19,631 382,740 FY 2019 44,500 22,964 450,204 FY 2020 55,113 27,012 532,330 FY 2021 68,257 31,940 632,526 FY 2022 84,537 37,952 755,015 FY 2023 104,699 45,301 905,015 FY 2024 129,669 54,301 1,088,985 Notes:

1. The funding schedule is based on fiscal year (FY) payments and earnings. The Columbia fiscal year begins in July of the preceding year. For example, FY 2010 began July 1,2009.

2. The Columbia Decommissioning account only reflects the funding schedule associated with radiological decommissioning required to be reported by 10 CFR 50.75. These funds are not associated with the funds set aside for addressing state costs or spent fuel management costs.