L-2025-057, Units 1 and 2, Decommissioning Funding Status Reports/ Independent Spent Fuel Storage Installation (ISFSI) Financial Assurance Update
| ML25090A212 | |
| Person / Time | |
|---|---|
| Site: | Saint Lucie, Point Beach, Seabrook, Turkey Point, 07200061, 07200062  |
| Issue date: | 03/31/2025 |
| From: | Mack K Florida Power & Light Co, Point Beach, NextEra Energy Seabrook |
| To: | Office of Nuclear Material Safety and Safeguards, Office of Nuclear Reactor Regulation, Document Control Desk |
| References | |
| L-2025-057 | |
| Download: ML25090A212 (1) | |
Text
FP 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 Point Beach, LLC Point Beach Units 1 and 2 Docket Nos. 50-266, 50-301 Docket No. 72-05 March 31, 2025 L-2025-057 10 CFR 50.75(f)(1) 10 CFR 72.30(c)
Decommissioning Funding Status Reports/ Independent Spent Fuel Storage Installation (ISFSI)
Financial Assurance Update Acting for itself and as agent for NextEra Energy Seabrook, LLC and NextEra Energy Point Beach, LLC, Florida Power & Light Company (FPL) submits enclosed the Decommissioning Funding Status (DFS)
Reports and Independent Spent Fuel Storage Installation Financial Assurance Update required by 10 CFR 50.75(f)(1) and 10 CFR 72.30(c) for the following units:
- 1. St. Lucie Units 1 and 2
- 2. Turkey Point Units 3 and 4
- 3. Seabrook Station
- 4. Point Beach Units 1 and 2 Florida Power & 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.
Florida Power & Light Company 700 Universe Boulevard, Juno Beach, FL 33408
L-2025-057 Page 2 of 2 Florida Power & Light 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 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 Darlene Kunde at (561) 904-5191.
Kenneth A. Mack Director, Licensing & Regulatory Compliance Florida Power & Light Company NextEra Energy Seabrook, LLC NextEra Energy Point Beach, LLC Enclosures (2)
Attachments (3)
Decommissioning Funding Status Reports 10 CFR 50.75(f)(1)
St. Lucie Units 1 and 2 Turkey Point Units 3 and 4 Seabrook Station Point Beach Units 1 and 2
St. Lucie Nuclear Plant-Unit 1 Florida Power & 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%)
531,486,262 (a) Refer to St. Lucie Unit 1 for calculation assumptions
- 2.
The amount accumulated at the end of the calendar year preceding the date of the re ort. Trust fund balance is net of taxes Total1 FPL 100%
1,908,190,074
- 3.
Projected Funds at Shutdown 2% real rate of return.
Total FPL 100% see note b 2,380,717,888 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-2021-0232-PAA-EI, customer contributions to the decommissioning trust remain at zero effective June 28, 2021.
- 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.
Page 11
ST. LUCIE NUCLEAR PLANT - UNIT 1 NRC Minimum Decommissioning Cost Determination NRG 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 year B = LLRW escalation factor to current year Item Description Value 1
Labor escalation factor for Quarter 4, 20243 165 2
Base adjustment factor from NUREG-1307 2 1.98 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 3.27 5
Electric power escalation factor for 2024 4 295.4 6
Electric power escalation factor for Jan 1986 from 114.2 NUREG-1307 7
Fuel escalation factor for 2024 4 277.5 8
Fuel escalation factor for Jan 1986 from NU REG-82 1307 9
P = #5 divided by #6 2.59 10 F = #7 divided by #8 3.38 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.92 12 Value of B from Table 2.1 of NUREG-1307 5 12.405 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 5.23 14 1986 minimum-millions of dollars for PWR 101.6 15 2024 minimum-millions of dollars: #13 times #14 531.49 2 NUREG - 1307, Rev 20, Table 3.2 3 NU REG 1307 specifies source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201.
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). Preliminary indexes, these are subject to monthly revisions up to four months after original publication.
5 NU REG 1307 provides a value for B in Table 2.1.
Page 12
St. Lucie Nuclear Plant - Unit 2 Florida Power & Light Company (FPL),
Florida Municipal Power Agency (FMPA),
Orlando Utilities Commission (OUC)
Decommissioning Funding Status Report
- 1.
The minimum decommissionin~ fund estimate pursuant to 10 CFR 50.75(b) and (c).
Plant Owner(% Ownership)
NRC Minimum (a)
FPL (85.10449%)
452,318,673 FMPA (8.806%)
46,802,680 ouc (6.08951%)
32,364,909 Total 531,486,262 (a) Refer to St. Lucie Unit 2 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)
Total 6 FPL (85.10449%)
1,636,360,128 FMPA (8.806%)
119,400,104 ouc (6.08951%)
47,339,270 Total 1,803,099,502
- 3.
Projected Funds at Shutdown (2% real rate of return).
Total FPL (85.10449%) (see note (b))
2,349,839,457 FMPA (8.806%) (see note (c))
171,460,469 OUC (6.08951 %) (see note (c))
67,979,953 Total 2,589,279,879 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-2021-0232-PAA-EI, customer contributions to the decommissioning trust remain at zero effective June 28, 2021.
(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 6 NRG 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 NRG guidance, either an order of the FPSC or an NRG exemption would be necessary to utilize the funds for these non-radiological purposes.
Page 13
ST. LUCIE NUCLEAR PLANT - UNIT 2 NRC Minimum Decommissioning Cost Determination NRG 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 year B = LLRW escalation factor to current year Item Description Value 1
Labor escalation factor for Quarter 4, 20248 165 2
Base adjustment factor from NUREG-13077 1.98 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 3.27 5
Electric power escalation factor for 20249 295.4 6
Electric power escalation factor for Jan 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2024 9 277.5 8
Fuel escalation factor for Jan 1986 from NUREG-1307 82 9
P = #5 divided by #6 2.59 10 F = #7 divided by #8 3.38 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.92 12 Value of B from Table 2.1 of NUREG-1307 10 12.405 13 0.65L(#4) + 0.13E(#11) + 0.228(#12) 5.23 14 1986 minimum-millions of dollars for PWR 101.6 15 2024 minimum-millions of dollars: #13 times #14 531.49 7 NUREG 1307, Rev 20, Table 3.2 8 NU REG 1307 specifies source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201.
9 NU REG 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). Preliminary indexes, these are subject to monthly revisions up to four months after original publication.
10 NUREG 1307 provides a value for B in Table 2.1.
Page 14
Turkey Point Nuclear Plant - Unit 3 Florida Power & Light Company (FPL),
Decommissioning Funding Status Report
- 1.
The minimum decommissioning fund estimate pursuantto 10 CFR 50.75(b) and (c).
Plant Owner(% Ownership)
FPL (100%)
(a) Refer to Turkey Point Unit 3 for calculation assumptions NRC Minimum (a) 514,173,297
- 2.
The amount accumulated at the end of the calendar year preceding the date of the re ort. Trust fund balance is net of taxes Total 11 FPL 100%
1,558,676,173
- 3.
Projected Funds at Shutdown 2% real rate of return.
Total FPL 100%) see note b) 2,690,530,327 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-2021-0232-PAA-EI, customer contributions to the decommissioning trust remain at zero effective June 28, 2021.
- 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 11 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 NRG guidance, either an order of the FPSG or an NRG exemption would be necessary to utilize the funds for these non-radiological purposes.
Page 15
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 E = Energy escalation factor to current year B = LLRW escalation factor to current year Item Description Value 1
Labor escalation factor for Quarter 4, 2024 13 165 2
Base adjustment factor from NUREG-1307 12 1.98 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 3.27 5
Electric power escalation factor for 2024 14 295.4 6
Electric power escalation factor for Jan 1986 from 114.2 NUREG-1307 7
Fuel escalation factor for 2024 14 277.5 8
Fuel escalation factor for Jan 1986 from NUREG-1307 82 9
P = #5 divided by #6 2.59 10 F = #7 divided by #8 3.38 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.92 12 Value of B from Table 2.1 of NUREG-1307 15 12.405 13 0.65L(#4) + 0.13E(#11) + 0.228(#12) 5.23 14 1986 minimum-millions of dollars for PWR 98.3 15 2024 minimum-millions of dollars: #13 times #14 514.17 12 NUREG 1307, Rev 20, Table 3.2 13 NU REG 1307 specifies source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201.
14 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). Preliminary indexes, these are subject to monthly revisions up to four months after original publication.
15 NU REG 1307 provides a value for B in Table 2.1.
Page 16
Turkey Point Nuclear Plant - Unit 4 Florida Power & Light Company (FPL),
Decommissioning Funding Status Report
- 1.
The minimum decommissionin~ fund estimate pursuant to 10 CFR 50.75(b) and (c).
Plant Owner(% Ownership)
FPL (100%)
(a) Refer to Turkey Point Unit 4 for calculation assumptions NRC Minimum (a) 514,173,297
- 2.
The amount accumulated at the end of the calendar year preceding the date of the re ort. Trust fund balance is net of taxes Total 16 FPL 100%
1,764,580,325
- 3.
Projected Funds at Shutdown 2% real rate of return.
Total FPL 100%) see note b 3,090,063,385 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-2021-0232-PAA-EI, customer contributions to the decommissioning trust remain at zero effective June 28, 2021.
- 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 16 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.
Page 17
TURKEY POINT NUCLEAR PLANT - UNIT 4 NRC Minimum Decommissioning Cost Determination NRG 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 E = Energy escalation factor to current year B = LLRW escalation factor to current year Item Description Value 1
Labor escalation factor for Quarter 4, 2024 18 165 2
Base adjustment factor from NUREG-1307 17 1.98 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 3.27 5
Electric power escalation factor for 2024 19 295.4 6
Electric power escalation factor for Jan 1986 from 114.2 NUREG-1307 7
Fuel escalation factor for 2024 19 277.5 8
Fuel escalation factor for Jan 1986 from NUREG-1307 82 9
P = #5 divided by #6 2.59 10 F = #7 divided by #8 3.38 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.92 12 Value of B from Table 2.1 of NUREG-1307 20 12.405 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 5.23 14 1986 minimum-millions of dollars for PWR 98.3 15 2024 minimum-millions of dollars: #13 times #14 514.17 17 NUREG 1307, Rev 20, Table 3.2 18 NU REG 1307 specifies source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201.
19 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). Preliminary indexes, these are subject to monthly revisions up to four months after original publication.
20 NUREG 1307 provides a value for B in Table 2.1.
Page 18
- 1.
Seabrook Station NextEra Energy Seabrook, LLC, Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, Taunton Municipal Lighting Plant Decommissioning Funding Status Report 21 The minimum decommissioning fund estimate pursuant to 1 O CFR 50. 75!
Plant Owner(% Ownership)
NextEra Energy Seabrook, LLC. (88.22889%)
Hudson Light and Power Department (.07737%)
Massachusetts Municipal Wholesale Electric Company (11.5934%)
Taunton Municipal Lighting Plant (.10034%)
Total (a) Refer to Seabrook for calculation assumptions b) and (c).
NRC Minimum (a) 507,039,079 444,635 66,625,647 576,640 574,686,000
- 2.
The amount accumulated at the end of the calendar year preceding the date of
- 3.
the report. (Trust fund balances are net of taxes)
Total 22 NextEra Energy Seabrook, LLC. (88.22889%)
1,148,556,858 Hudson Light and Power Department (.07737%)
810,178 Massachusetts Municipal Wholesale Electric Company (11.5934%)
103,002,491 Taunton Municipal Lighting Plant (.10034%)
1,061,491 Total 1,253,431,019 Projected Funds at Shutdown (2% real rate of return).
Total NextEra Enerav Seabrook, LLC. (88.22889%)
2,033,221,315 Hudson Light and Power Department (.07737%)
1,434,210 Massachusetts Municipal Wholesale Electric Company (11.5934%)
182,339,132 Taunton Municipal Lighting Plant (.10034%)
1,879,094 Total 2,218,873,751 21 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.
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. 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.
Page 19
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.
Page 110 None None None
SEABROOK STATION NRC Minimum Decommissioning Cost Determination NRG 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 year E = Energy escalation factor to current year B = LLRW escalation factor to current year Item Description Value 1
Labor escalation factor for Quarter 4, 2024 24 168.4 2
Base adjustment factor from NUREG-1307 23 2.16 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 3.64 5
Electric power escalation factor for 2024 25 295.4 6
Electric power escalation factor for Jan 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2024 25 277.5 8
Fuel escalation factor for Jan 1986 from NUREG-1307 82 9
P = #5 divided by #6 2.59 10 F = #7 divided by #8 3.38 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.92 12 Value of B from Table 2.1 of NUREG-1307 26 12.405 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 5.47 14 1986 minimum-millions of dollars for PWR 105.0 15 2024 minimum-millions of dollars: #13 times #14 574.69 23 NUREG 1307, Rev 20, Table 3.2 24 NU REG 1307 specifies source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002101.
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). Preliminary indexes, these are subject to monthly revisions up to four months after original publication.
26 NUREG 1307 provides a value for B in Table 2.1.
Page 111
- 1.
Point Beach Nuclear Plant - Unit 1 NextEra Energy Point Beach, LLC (NextEra),
Decommissioning Funding Status Report The minimum decommissioning fund estimate pursuant to 10 CFR 50. 751 NextEra (100%)
(a) Refer to Point Beach Unit 1 for calculation assumptions.
b) and (c).
NRC Minimum (a) 483,459,564
- 2.
The amount accumulated at the end of the calendar year preceding the date of the re ort. Trust fund balance is net of taxes Total NextEra 100%
594,907,447
- 3.
Projected Funds at Shutdown 2% real rate of return.
Total NextEra 100%) see note b 716,418,819 (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.
Page 112 None None None
POINT BEACH NUCLEAR PLANT - UNIT 1 NRC Minimum Decommissioning Cost Determination NRG Minimum = $90.84 million X (0.65L + 0.13E + 0.228)
Where:
$90.84 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year E = Energy escalation factor to current year B = LLRW escalation factor to current year Item Description Value 1
Labor escalation factor for Quarter 4, 2024 28 163.7 2
Base adjustment factor from NUREG-1307 27 2.08 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 3.40 5
Electric power escalation factor for 2024 29 295.4 6
Electric power escalation factor for Jan 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2024 29 277.5 8
Fuel escalation factor for Jan 1986 from NUREG-1307 82 9
P = #5 divided by #6 2.59 10 F = #7 divided by #8 3.38 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.92 12 Value of B from Table 2.1 of NUREG-1307 30 12.405 13 0.65L(#4) + 0.13E(#11) + 0.228(#12) 5.32 14 1986 minimum-millions of dollars for PWR 90.8 15 2024 minimum-millions of dollars: #13 times #14 483.46 27 NUREG 1307, Rev 20, Table 3.2 28 NU REG 1307 specifies source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301.
29 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). Preliminary indexes, these are subject to monthly revisions up to four months after original publication.
30 NU REG 1307 provides a value for B in Table 2.1.
Page 113
Point Beach Nuclear Plant - Unit 2 NextEra Energy Point Beach, LLC (NextEra),
Decommissioning Funding Status Report
- 1.
The minimum decommissionin fund estimate ursuant to 10 CFR 50.75 b and c.
NextEra 100%
(a) Refer to Point Beach Unit 2 for calculation assumptions.
NRC Minimum a 483,459,564
- 2.
The amount accumulated at the end of the calendar year preceding the date of the re ort. Trust fund balance is net of taxes Total NextEra 100%
558,720,563
- 3.
Projected Funds at Shutdown 2% real rate of return.
Total 705,743,515 (b) Projection includes a pro-rata credit during the dismantlement period pursuant to 10 CFR 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.
Page 114 None None None
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 E = Energy escalation factor to current year B = LLRW escalation factor to current year Item Description Value 1
Labor escalation factor for Quarter 4, 2024 32 163.7 2
Base adjustment factor from NUREG-1307 31 2.08 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 3.40 5
Electric power escalation factor for 2024 33 295.4 6
Electric power escalation factor for Jan 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2024 33 277.5 8
Fuel escalation factor for Jan 1986 from NUREG-1307 82 9
P = #5 divided by #6 2.59 10 F = #7 divided by #8 3.38 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.92 12 Value of B from Table 2.1 of NUREG-1307 34 12.405 13 0.65L(#4) + 0.13E(#11) + 0.228(#12) 5.32 14 1986 minimum-millions of dollars for PWR 90.8 15 2024 minimum-millions of dollars: #13 times #14 483.46 31 NUREG 1307, Rev 20, Table 3.2 32 NU REG 1307 specifies source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301.
33 NU REG 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). Preliminary indexes, these are subject to monthly revisions up to four months after original publication.
34 NUREG 1307 provides a value for B in Table 2.1.
Page 115 Independent Spent Fuel Storage Installation (ISFSI)
Decommissioning Financial Assurance Update 10 CFR 72.30(c)
ISFSI Decommissioning Financial Assurance Update 10 CFR 72.30(c)Point Beach site-specific ISFSI decommissioning cost estimate was submitted with the Decommissioning Funding Status Report dated March 30, 2017. St. Lucie, Turkey Point, and Seabrook's site-specific ISFSI decommissioning cost estimates were submitted with the Decommissioning Funding Status Report dated March 31, 2021. The site-specific studies remain valid for technological and status changes but have been escalated to account for inflation. The following table adjusts the current ISFSI Decommissioning Funding Plans to 2024 dollars Projected 10 CFR 50.75 NRC Minimum Decommissioning ISFSI Trust Balance Decommissioning Amount per 10 Trust Fund Value Decommissioning as of 12/31/24 Trust Fund Value CFR 50.75(b)
Surplus Cost Estimate Site
($Thousands)
($Thousands)
($Thousands)
($Thousands)
($Thousands)
St. Lucie Unit 1 1,908,190 2,380,718 531,486 1,849,232 1,272 St. Lucie Unit 2 - FPL 1,636,360 2,349,839 452,319 1,897,521 1,623 St. Lucie Unit 2 -
119,400 171,460 46,803 124,658 168 FMPA St. Lucie Unit 2 -
47,339 67,980 32,365 35,615 116 ouc Turkey Point Unit 3 1,558,676 2,690,530 514,173 2,176,357 1,278 Turkey Point Unit 4 1,764,580 3,090,063 514,173 2,575,890 1,918 Seabrook - NextEra 1,148,557 2,033,221 507,039 1,526,182 8,764 Seabrook - MMWEC 103,002 182,339 66,626 115,713 1,152 Seabrook - Taunton 1,061 1,879 577 1,302 10 Seabrook - Hudson 810 1,434 445 990 8
Point Beach Unit 1 594,907 716,419 483,460 232,959 5,299 Point Beach Unit 2 558,721 705,744 483,460 222,284 5,299 Page 11
The following tables supplements the existing decommissioning funding plan to address new information that may affect the previously submitted reports in accordance with 10 CFR 72.30(c)(1-4)
Spills of radioactive material producing additional residual radioactivit in onsite subsurface material Facilit modifications*
Chan es in authorized ossession limits Actual remediation costs that exceed revious cost estimate St. Lucie (Florida Power & Light Company)
Spills of radioactive material producing additional residual radioactivity in onsite subsurface material Facilitv modifications*
Chanqes in authorized possession limits Actual remediation costs that exceed previous cost estimate Seabrook (NextEra Ener~v Seabrook, LLC)
Spills of radioactive material producing additional residual radioactivitv in onsite subsurface material Facility modifications*
Chanqes in authorized possession limits Actual remediation costs that exceed previous cost estimate Point Beach (NextEra Enerav Point Beach, LLC)
Spills of radioactive material producing additional residual radioactivity in onsite subsurface material Facility modifications*
Chanqes in authorized possession limits Actual remediation costs that exceed previous cost estimate None Yes None None None Yes None None None Yes None None None None None None The nuclear fleet began using Holtec International for ISFSI storage. This change is not expected to have any material impact to decommission costs, based on the size of the decommission trust and value surplus.
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