ML100910127

Decommissioning Funding Status Report

ML100910127
Person / Time
Site:	Millstone
Issue date:	03/30/2010
From:	Hartz L Dominion Nuclear Connecticut
To:	Document Control Desk, NRC/FSME
References
10-111, FOIA/PA-2011-0115
Download: ML100910127 (5)

Text

I )ominion Nuclear Connecticut, Inc.

d ,on Dominion Boulevard, Glen Allen, Virgini.. .' ; J(,O

\ .I. vddrcss: www.dom.com March 30, 2010 Attn: Document Control Desk Serial No.10-111 U.S. Nuclear Regulatory Commission NLOSrrJS R8 Washington, DC 20555-0001 Docket No. 50-245 License No. DPR-21 DOMINION NUCLEAR CONNECTICUT, INC.

MILLSTONE POWER STATION UNIT 1 DECOMMISSIONING FUNDING STATUS REPORT Pursuant to 10 CFR 50.75(f)(1), Dominion Nuclear Connecticut, Inc. (DNC) submits the attached information on the status of decommissioning funding for Millstone Power Station Unit 1 (MPS1). There have been no material changes to the trust agreements established for nuclear decommissioning of MPS1 since the last submittal (letter Serial No.09-038 dated March 30, 2009).

Table 1 provides the amount of decommissioning funds accumulated as of December 31, 2009, the current decommissioning cost estimate, and the escalation and earning rates assumed to demonstrate that the accumulated funds are sufficient. The decommissioning cost estimate is based on the current (2008) site-specific decommissioning cost study and conservatively includes spent fuel management and non-radiological decommissioning costs. Table 2 provides a cash flow analysis based on annual expenditures identified in the decommissioning cost study and shows the accumulated funds are sufficient to cover not only radiological decommissioning costs but also spent fuel management and non-radiological costs.

Should you have any questions regarding this submittal, please contact Mr. David A. Sommers at (804) 273-2823.

Sincerely,

'-?) 7#;;

Leslie N. Hart~ (./

Vice President - Nuclear Support Services Attachment Commitments made by this letter: None

Serial NO.1 0-111 MPS1 Funding Status Page 2 of 2 cc: U. S. Nuclear Regulatory Commission Region I 475 Allendale Road King of Prussia, PA 19406-1415 Mr. J. B. Hickman NRC Project Manager, MPS-1 U. S. Nuclear Regulatory Commission Two White Flint North Mail Stop T-8 F5 11545 Rockville Pike Rockville, MD 20852-2738 NRC Senior Resident Inspector Millstone Power Station

Attachment NUCLEAR DECOMMISSIONING FUNDING STATUS REPORT Millstone Power Station Unit 1 Dominion Nuclear Connecticut, Inc.

Serial NO.1 0-111 Docket No. 50-245 Attachment Page 1 of 2 DOMINION NUCLEAR CONNECTICUT, INC.

Nuclear Decommissioning Financial Assurance Summary Information as of 12131109 (Table 1)

Decommissioning Funding Status Report for Millstone Unit 1 Updated Decommissioning Funding Worksheet as of 1213112009 (in Millions)

Decommissioning Cost Estimate

$ 421.850 Remaining Decommissioning cost estimate in :

Decommissioning Trust Funds

$ 286.110 Unit 1 Qualified Fund Balance as of: 12/31/2009

$ - Unit 1 Non-Qualified Fund Balance as of: 12/31/2009

$ 286.110 Total Decommissioning Fund Balance as of: 12/31/2009 Inputs 2010 Start year of Analysis 4.73% Escalation Rate (2010 & Beyond) 6.73% After Tax Earnings - Long Term (assumes 2% Real Rate of Retum)

Annual Expenditures Projected Annual Expenditures as shown in Table 2

Serial No.10-111 Docket No. 50-245 Attachment Page 2 of 2 DOMINION NUCLEAR CONNECTICUT, INC.

Nuclear Decommissioning Financial Assurance Annual Earnings and Expenditures as of 12/31/09 (Table 2) ySolut/ons Cost Study* Remaining Decom Costs (In FV Millions $)

End Remaining Projected of Unit 1 Decom Unit 1 Expenditures Year Expenditures Year (in future $) Balance in 1/1/2010 $

2010 4.884 300.313 $ 4.884 2011 5.184 315.161 $ 4.950 2012 5.430 330.755 $ 4.950 2013 5.686 347.132 4.950 2014 5.955 364.333 4.950 2015 6.237 382.401 4.950 2016 6.532 401.380 4.950 2017 6.841 421.316 $ 4.950 2018 7.164 442.260 $ 4.950 2019 7.503 464.262 $ 4.950 2020 7.858 487.379 $ 4.950 2021 8.229 511.666 $ 4.950 2022 8.618 537.186 4.950 2023 9.026 564.001 4.950 2024 9.453 592.180 4.950 2025 9.900 621.793 4.950 2026 10.368 652.914 4.950 2027 10.858 685.623 4.950 2028 51.029 679.010 22.215 2029 2.732 721.873 1.136 2030 2.862 767.487 1.136 2031 2.997 816.030 1.136 2032 3.139 867.692 1.136 2033 3.287 922.678 1.136 2034 3.448 981.197 1.138 2035 3.609 1,043.487 1.137 2036 3.789 1,109.782 1.140 2037 3.954 1,180.367 1.136 2038 4.141 1,255.509 1.136 2039 4.337 1,335.504 1.136 2040 4.542 1,420.669 1.136 2041 4.757 1,511.343 1.136 2042 4.982 1,607.886 1.136 2043 6.557 1,709.296 1.427 2044 38.915 1,784.082 8.089 2045 38.757 1,864.065 7.692 2046 5.980 1,983.308 1.133 2047 6.283 2,110.263 1.137 2048 6.579 2,245.453 1.137 2049 6.890 2,389.419 1.137 2050 7.216 2,542.734 1.137 2051 7.557 2,706.013 1.137 2052 43.404 2,843.225 6.234 2053 540.712 2,475.630 74.159 2054 841.262 1,772.640 110.170 2055 314.435 1,566.900 39.319 2056 312.351 1,349.471 37.295 2057 30.283 1,408.969 3.453 2058 0.252 1,503.512 0.027 0.036 1,604.640 0.004 Remaining U1 expenditures from 1/112010 through end of Decommissioning (In 1/1/2010 $) $ 421.850 I

Remaining U1 expenditures (In future $)