ML12165A607

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Nrc'S Analysis of Entergy Nuclear Operations, Inc. Decommissioning Funding Status Report for Indian Point Nuclear Generating Station, Units 1,2, and 3 (TAC Nos. ME8371, Me 8372, and ME8373)
ML12165A607
Person / Time
Site: Indian Point, Pilgrim  Entergy icon.png
Issue date: 06/20/2012
From: Richard Guzman
Plant Licensing Branch 1
To: Mccann J
Entergy Nuclear Operations
Guzman R
References
TAC ME8371, TAC ME8372, TAC ME8373, FOIA/PA-2013-0151
Download: ML12165A607 (16)


Text

UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, D.C. 20555-0001 June 20, 2012 Mr. John F. McCann Vice President, Nuclear Safety Emergency Planning and Licensing Entergy Nuclear Operations, Inc.

440 Hamilton Avenue White Plains, NY 10601

SUBJECT:

NRC'S ANALYSIS OF ENTERGY NUCLEAR OPERATIONS, I!\IC.

DECOMMISSIONING FUNDING STATUS REPORT FOR INDIAN POINT NUCLEAR GENERATING STATION, UNITS 1,2 & 3; AND PILGRIM NUCLEAR POWER STATION (TAC NOS. ME8371, ME8372, AND ME8373)

Dear Mr. McCann:

On March 30,2012, the U.S. Nuclear Regulatory Commission (NRC) received your decommissioning funding status (DFS) report (Agencywide Documents Access and Management System (ADAMS) Accession No. ML12093A382) for Indian Point !\Iuclear Generating Station, Units 1,2, & 3, and Pilgrim Nuclear Power Station.

Pursuant to Title 10 of the Code of Federal Regulations (10 CFR) 50.75{f){1), all power reactor licensees are required to submit a DFS report at least once every 2 years in order for the NRC to obtain the information necessary to monitor the status of decommissioning funds. Any licensee for a plant involved in a merger or acquisition shall submit this report annually. Any licensee for a plant that is within 5 years of the end of its current operating license shall submit this report annually. Any licensee for a plant that has already closed before its licensed life shall submit this report annually. As of December 31,2011, Indian Point Nuclear Generating Station, Units 2 & 3, and Pilgrim !\Iuclear Power Station are within 5 years of the end of its current operating license. Indian Point Nuclear Generating Station, Unit 1 was granted a 40-year Operating License in 1962, but was permanently shut down in 1974, and is now in safe storage (SAFSTOR).

In general, the 2012 DFS report submitted to the NRC provided all of the required reporting requirements under 10 CFR 50. 75(f){1) in a manner that required no additional requests for information. To note, because a site-specific decommissioning cost estimate was submitted based on the SAFSTOR scenario for Indian Point !\Iuclear Generating Station, Unit 2, this unit is considered to be certifying to that amount of decommissioning and is, therefore, held to that certification amount in the DFS report.

Based on the reported decommissioning trust fund balance, and considering SAFSTOR for Indian Point Nuclear Generating Station, Units 1 & 2, together with earnings credits specified under NRC regulations, the NRC determined that the amount of decommissioning financial assurance you provided was equal to or greater than the minimum required amount based on the submitted site-specific cost estimates.

J. McCann -2 This letter confirms correspondence, described above, regarding the DFS reports for operating power reactors and non operating power reactors as required under 10 CFR 50.75(f)(1). As of the date of this letter, considering the available information, the NRC determined that Entergy satisfied the requirements of 10 CFR 50.75 for Indian Point Nuclear Generating Station, Units 1, 2, and 3, and Pilgrim Nuclear Power Station as of December 31, 2011. The DFS report analyses are enclosed.

Sincerely, Richard Guzman Plant Licensing Branch 1-1 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation Docket Nos. 50-3, 50-247, 50-286, 50-293

Enclosure:

As stated.

cc: Distribution via Listserv

Datasheet I Decommissioining Funding Assurance Analysis As of December 31, 2011 For Plant Name: Indian Point Unit 1 Docket Number: 50-003 Estimated Cost of Remaining Decommissioing Activities as Stated in Most Recent SSCE update: 5476,840,000 2 The tolal amount of dollars accumulated at the end ofthe appropriate year: (see below)

Licensee: Amount in Trust Fund:

Entergy Nuclear Operations S300,761,000 Total Trust Fund Balance 5300,761,000 3 Schedule of the annual amounts remaining to be collected: (Provided!None) None 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning fund,. and rates of other factors used in funding projections: (see below)

Rate of Rate(s) of Escalation Real Rate Return on Other Rate of Rcturn Earnings Factors 2.00% 0.00% N/A 2.00%

5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(l)(v): None 6 Any modifications to licensee's method of providing financial assurance since last report: None 7 Any material changes to trust agreements: None DECOMMISSIONING STATUS Current Stalus of Reactor (DECOM, SAFSTOR, ENTOMB): SAFSTOR Projected!Actual Start-Date of Decommissioining Activities (Year): 2066 Projected End-Date ofDecommissioing Activities (Year): 2073 Spreadsheet created by: Aaron Szabo, Shawn Harwell Signature: _ _ _ _~_ _ _ _ _ _ _ _ _ _ _~~~ Date: _ _ _ _ _ _ _ __ Fonnulas verified by: Clayton Pittiglio Enclosure

Indian Point Unit 1 Decommissioing/SAFSTOR Cost Analysis (Beginning Balance* Cost) * (1 + ERR) = End Balance Reporting Year: 2012 Current Amount Reported in DTF: $300,761,000 Rate of Return During SAFSTORlDecom: 2.00%

Projected End-Date of Decom Activities: 2073 Escalation Rate (if applicable): 0.00%

Real Rate of Return: 2.00%

Year I Payment Payment Rate of Return Projected

  1. Year Beginning Balance: Amount: on Earnings: Earnings: End Balance:

1 2012 $300,761,000 $0 2.00% $6,015,220.00 $306,776,220 2 2013 $306,776,220 $1,150,000 2.00% $6,112,524.40 $311,738,744 3 2014 $311,738,744 $4,600,000 2.00% $6,142,774.89 $313,281,519 4 2015 $313,281,519 $4,600,000 2.00% $6,173,630.39 $314,855,150 5 2016 $314,855,150 $2,888,000 2.00% $6,239,342.99 $318,206,493 6 2017 $318,206,493 $2,880,000 2.00% $6,306,529.85 $321,633,023 7 2018 $321,633,023 $2,880,000 2.00% $6,375,060.45 $325,128,083 8 2019 $325,128,083 $2,880,000 2.00% $6,444,961.66 $328,693,045 9 2020 $328,693,045 $2,888,000 2.00% $6,516,100.89 $332,321,146 10 2021 $332,321,146 $2,880,000 2.00% $6,588,822.91 $336,029,968 11 2022 $336,029,968 $2,880,000 2.00% $6,662,999.37 $339,812,968 12 2023 $339,812,968 $2,880,000 2.00% $6,738,659.36 $343,671,627 13 2024 $343,671,627 $2,888,000 2.00% $6,815,672.54 $347,599,300 14 2025 $347,599,300 $2,880,000 2.00% $6,894,385.99 $351,613,686 15 2026 $351,613,686 $2,880,000 2.00% $6,974,673.71 $355,708,359 16 2027 $355,708,359 $2,880,000 2.00% $7,056,567.19 $359,884,927 17 2028 $359,884,927 $2,888,000 2.00% $7,139,938.53 $364,136,865 18 2029 $364,136,865 $2,880,000 2.00% $7,225,137.30 $368,482,002 19 2030 $368,482,002 $2,880,000 2.00% $7,312,040.05 $372,914,042 20 2031 $372,914,042 $2,880,000 2.00% $7,400,680.85 $377,434,723 21 2032 $377,434,723 $2,888,000 2.00% $7,490,934.47 $382,037,658 22 2033 $382,037,658 $2,880,000 2.00% $7,583,153.16 $386,740,811 23 2034 $386,740,811 $2,880,000 2.00% $7,677,216.22 $391,538,027 24 2035 $391,538,027 $2,880,000 2.00% $7,773,160.54 $396,431,188 25 2036 $396,431,188 $2,888,000 2.00% $7,870,863.75 $401,414,051 26 2037 $401,414,051 $2,880,000 2.00% $7,970,681.03 $406,504,732 27 2038 $406,504,732 $2,880,000 2.00% $8,072,494.65 $411,697,227 28 2039 $411,697,227 $2,880,000 2.00% $8.176,344.54 $416,993,572 29 2040 $416,993,572 $2,888,000 2.00% $8.282.111.43 $422,387,683 30 2041 $422,387,683 $2,880,000 2.00% $8,390,153.66 $427,897,837 31 2042 $427,897,837 $2,880,000 2.00% $8,500,356.74 $433,518,194 32 2043 $433,518,194 $2,880,000 2.00% $8,612,763.87 $439,250,957 33 2044 $439,250,957 $2,888,000 2.00% $8,727,259.15 $445,090,217 34 2045 $445.090,217 $2.839,000 2.00% $8,845,024.33 $451.096,241 35 2046 $451.096,241 $1,994,000 2.00% $8,982,044.82 $458.084,286 36 2047 $458,084,286 $1,994,000 2.00% $9,121,805.71 $465,212,091 37 2048 $465,212,091 $2,000,000 2.00% $9,264.241.83 $472,476,333 38 2049 $472,476,333 $1,994,000 2.00% $9,409,646.66 $479,891,980 39 2050 $479,891,980 $1,994,000 2.00% $9,557,959.60 $487,455,939 40 2051 $487,455,939 $1,994,000 2.00% $9,709,238.79 $495,171,178 41 2052 $495,171,178 $2,000,000 2.00% $9,863,423.57 $503,034,602 42 2053 $503,034,602 $1,994,000 2.00% $10,020,812.04 $511,061,414 43 2054 $511,061,414 $1,994,000 2.00% $10,181,348.28 $519,248,762 45 2055 $519,248,762 $1,994,000 2.00% $10,345,095.24 $527,599,857

46 2056 $527,599,857 $2,000,000 2.00% $10,511,997.15 $536,111,855 47 2057 $536,111,855 $1,994,000 2.00% $10,682,357.09 $544,800,212 48 2058 $544,800,212 $1,994,000 2.00% $10,856,124.23 $553,662,336 49 2059 $553,662,336 $1,994,000 2.00% $11,033,366.72 $562,701,703 50 2060 $562,701,703 $2,000,000 2.00% $11,214,034.05 $571,915,737 51 2061 $571,915,737 $1,994,000 2.00% $11,398,434.73 $581,320,171 52 2062 $581,320,171 $1,994,000 2.00% $11,586,523.43 $590,912,695 53 2063 $590,912,695 $1,994,000 2.00% $11,778,373.90 $600,697,069 54 2064 $600,697,069 $2,000,000 2.00% $11,973,941.37 $610,671,010 55 2065 $610,671,010 $1,994,000 2.00% $12,173,540.20 $620,850,550 56 2066 $620,850,550 $20,457,000 2.00% $12,007,871.01 $612,401,421 57 2067 $612,401,421 $73,335,000 2.00% $10,781,328.43 $549,84 7,750 58 2068 $549,847,750 $159,587,000 2.00% $7,805,214.99 $398,065,965 59 2069 $398,065,965 $18,613,000 2.00% $7,589,059.29 $387,042,024 60 2070 $387,042,024 $18,613,000 2.00% $7,368,580.48 $375,797,604 61 2071 $375,797,604 $18,613,000 2.00% $7,143,692.09 $364,328,297 62 2072 $364,328,297 $18,632,000 2.00% $6,913,925.93 $352,610,223 63 2073 $352,610,223 $12,299,000 2.00% $6,806,224.45 $347,117,447 Projected End-Balance of DTF: $347,117,447 Financial Assurance Met (YIN): Y Signature: Shawn W. Harwell Date: 5/2/2012 Signature: Michael A. Dusaniwskyj Date: 5/7/2012

Datashcet 1 Plant name: Indian Point, Unit 2 Docket Number: 50-247 The minimum financial assurance (MFA) estImate pursuant to 10 CFR 50.75(b) & (c): 5482.114.017 Did the licensee identify the amount of estimated radiological funds? (YIN) Y The total amount of dollan accumulated at the end of the appropriate year: (sec below)

Lieeruee: Amount in Trust Fund:

Entergy Nuclear Opera1ions, lnc, S392,370.()()()

(mc1udcs $31,050.000 Provisional Trust) Total Trust Fund Balance 5392,370.000 Sehedule of the annual amOlmts remaining to be eolIected: (provided/none) None 4 Assumptions used in determining rates ofescalation in decommissioning costs, rates of earnings on decommissioning funds) and rates ofother mctors used in funding projections: (see below)

Post~RAI Rate of Rate(,) of PUC RAJ PUC Rates Real Rate Allowed through Decom Allowed through Return on Escalation Rate Other Verified Needed Verified Determined of Rerurn (YiN) Decom(YIK)

Eamings Factors (YIN) (YIN) (YiN) (YIN) 2.00% N Y N Any contracts upon which the licensee is relying? (YIN) N Any modifications to a licensee's method ofproviding decommissioning funding assurance? (YIN) N Any material changes to trust agreements? (YIN) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below)

Signature: Michael Dusaniwskyj Datc' 04120/2012 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 04/2412012 Formulas verified by: Claylon Plnigtio

Datash0et 2 Plant name: Indian Point, Unit 2 Docket Number: 50-247 Month: Day Year:

Date of Operation: 12 31 2011 Termination of Operations: 9 28 2013 NRC Minimum: $482,259,785 Site Specific: $715,800,000 Amount of NRC ~tinimumlSite licensee:  % Owned: SDedfic: IAmount In Trust }'und:

Entergy Nuclear Operations.

100.00% S715,800,000 $392,370,000 Inc.

Total Fund Balance: $392,370,000 Step 1:

Ji:arnings Credit:

Trust Fund Balance: Tullli Earnings: Does Licensee Pass:

8392,370,000 $406,139,667 NO Step!:

A.::cumuiation:

Value of Annuity per year Number of Annual amount/See Annuitv Sheet Payments:

T ollli SteD 2:

so Does Licensee Pass:

NO Step 3:

Deeom Period:

TolllJ of Steps! Ibm 3: I Does Licensee Pass: Shortfall:

$436,333,241 NO ($279,466,759)

Signature. Michael Dusaniwskyj Oall:: 04/20/2012 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 04/24/2012 Fonnu!as verified by: Clayton Pitliglio

Datashtct 2 Plant name: Indian Point, Unit 2 Docket Number: 50-247 Month: Day Year:

Date of Operation: 12 31 2011 Termination of Operations: 9 28 2013 If licensee is gral!tcd ~ater than 2% RRR Step 4:

Earning, Credit:

Trust Fund Balaru:e: Docs Licensee Pass:

$392,370,000 NO Step 5:

Accumulation:

Total Annuil ToialSI

$0 $0 Docs Licensee Pass:

NO Step 6:

De.om Period:

Total Earnings:

$406,139,667 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$436,333,241 NO ($279,466,759)

Signature: Michael Dusaniwskyj Date: 04/2012012 SignallJre: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 04/2412012 Formulas verified by: ClaytOil Pittiglio

SAFSTOR ANALYSIS Name of linit: Indian Poi.nt, Unit 2 Name of Licensee: Entergy Nuclear Opuaton5, Inc.

Date of Termination of Operations ~ Z8 2013 End of Operations Balance: S406,139,667 Operating Life Real Rate ofRetum: 2.00°/.

DeeommilJsioning Real Rate of Return: 2.00°/.

Beginning Trust E~ense Per Year End ofYeaf Trust Year Contributions Real Rate of Return Furtd Balance Piant Spent Fuel Food Balance 2013 $404 055188 $12,199,000 NlA 2.00% $399815,302 2014 $399815302 553,677 000 NlA 2,00% $353597,838 2015 $353597 838 NIA 2.00% $332956404 2016 2017 2018 2019

$332956404

$335527,053

$338160,224 5340846058 til

$4,037,000

$4,037000 NIA NIA NlA NIA 2.00%

2.00'%

2.00%

2.00%

$335,527,053

$338 160 224

$340 846 058

$343585609 2020 $343585609 $4048,000 NIA 2.00% $346368841 2021 $346368841 54,037000 NlA 2.00% $349218848 2022 $349218848 $4,037000 NIA 2.00% $352 125 855 2023 $352 125855 $4,037,000 NIA 2.00% $355,091 002 2024 $355091002 $4,022,000 NIA 2.00% $358 130,602 2025 $358 130602 54,011000 NIA 2,00% $361 242 104 2026 $361.242,104 $4,011000 NIA 2.00% $364 415837 2027 $364 415837 $4,011 000 NiA 2.00% $367653043 2028 $367653043 $4,022,000 N!A 2.00% $370943 884 2029 $370943,884 $4,011,000 NIA 2.00~'i, $374311,652 2030 $374311 652 $4,011,000 N/A 2.00% $377 746,775 2031 $377 746 775 $4011,000 N/A 2.00% $381 250600 2032 $381 250,600 $4,022 000 NiA 2.00% $384,813,392 2033 $384813 392 $4011000 NIA 2.00% $388,458 550 2034 $388458550 $4011,ooo NIA 2,00% $392 176611 2035 $392 176,611 $4,011,000 N/A 2.00% $395 969,033 2036 $395969033 $4022000 NIA 2.00% $399,826,194 2037 $399826194 $4 011 000 NIA 2.00% $403,771,608 2038 $403771 608 S4 011,000 N/A 2,00% $407795,930 2039 $407795,930 $4011,000 N/A 2.00% $411 900739 2040 $411 900739 $4022 000 NIA 2.00% $416076533 2041 2042

$416076,533

$420.346954

$4'OI~

$4,011 NIA NIA 2.00%

2.00%

$420346,954

$424702 783 2043 $424702783 $4,011 NIA 2.00% $429 145 729 2044 $429,145,729 $4,022000 NIA 2.00% $433,666,423 2045 $433666423 $4011,000 N/A 2,00% $438,288 642 2046 $438 288,642 $4,011,000 NIA 2,00% $443,003 305 2047 $443003305 $4010000 NIA 2.00% $447813,271 2048 $447813271 $4,014,000 NIA 2,00% $4527153%

2049 $452715,396 $4003,000 NIA 2.00% $457 726,674 2050 $457.726674 $4,003000 N/A 2.00% $462838 178 2051 $462838178 $4,003,000 NIA 2.00% $468051,911 l052 $468051 911 $4,014000 NIA 2.00%1 $473358810 2053 $473.358810 $4 003,000 NIA 2.00% $478782,956 2054 $478,782956 $4 003.000 N/A 2.00% 5484 315.585 2055 $484315585 $4,003000 NIA 2.00% $489 958,867 2056 $489958,867 $4,014.000 NIA 2,00% $495 703,904 2057 $495703904 54,003,000 NIA 2.00% $501.574952 2058 $501 574,952 $4,003000 N/A 2.00% $507563,421 2059 $507563421 $4003.000 N!A 2.00% $513 671 659 2060 $513 671 659 $4,014.000 NIA 2,00% $519890,953 2061 $519890953 $4,003000 N/A 2,00% $526245,742

$~.490'OOO I 2062 $526245742 N/A 2,00% $532,727626 2063 $532727626 N!A 2.00% $539339,149 2064 $539.339,149 NIA 2.00% $522,814522 2065 $522814522 N/A 2.00% $472 175912 2066 $472 175,912 $181862000 NfA 2.00% $297938811 2067 $297938811 $77860000 NIA 2.00% $225258987 2068 $225258987 $27237.000 N!A 2,00% $202254797 2069 $202254797 $6 526 000 N/A 2.00% $199 708 633 2070 $199708633 $6.526000 NIA 2,00% $197 1II 545 2071 $197111,545 $6526000 NIA 2.00% $194462516 2072 $194462516 $7067,000 N/A 2.00% SI91214,096 2073 $19L214 096 $28624000 NIA 2.00°1<:1 $165220202 Signature: Michael Dusaniwskyj Date: 04120/2012 Signature: 10 Ann Simpson Date: 04/24.'2012

Datasheet J Plant name: Indian Point, Unit 3 Docket Number: 50-286 The minimum ftnancial assurance (MFA) estimate pursuant to 10 CFR 50,75(b) & (c): $481,114,017 Did the licensee identify the amount of estimated radiological funds? (YiN) 2 The total amount of dollars accumulated at the end of the appropriate year: (see below)

Licensee: Amount in Trust Fund:

Entorgy Nuclear

$52 I. 16Q,000 Operations, Inc, Total Trust Fund Balance $521,160,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) Nt>IIe 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)

Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (YiN)

Earnings Factors (YiN) (YiN) (YiN) Decom(YiN) (YiN) l.81W. N Y N 5 Any contracts upon which the licensee is relying? (YIN) N Any modifications to a licensee's method of providing decommissioning funding assurance? (YIN) N 7 Any material changes to trust agreements? (YIN) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see helow)

Signature: Michael Dusaniwskyj Date: 04/2012012 Signature: 10 Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 04i24120 12 Formula.. venfied by: Clayton Pittlglio

Dalash~ct 2 Plant name: Indian Point, Unit 3 Docket Number: 50-286 Month: Day Year:

Date of Operation: 12 31 2011 Termination of Operations: 12 12 2015 NRC Minimum: $482,259,785 Site Specific:

Amount or NRC MinimumlSite Licensee: Caterm Specific: Amount in Trust Fund:

Entcrgy Nuclear 5482,259,785 $521,160,000 Operations, Inc, Total Fund Balance: $521,160,000 Step 1:

Earnings Credit:

Trust Fund Balance: Docs Licensee Pass:

S521,160,000 YES Step 2:

Accumulation:

Number of Annual Pavrnents:

Total Annuity Tolal Sleo 2:

$0 $0 Docs Licensee Pass:

YES Step 3:

Decom Period:

Total of Stens 1 thru 3: I Docs Licensee Pass: Shortfall:

$605,434,233 YES NO Signature: Michael Dllsaniwskyj Date: 04/20/2012 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 04124/2012 Fonnulas verified by: CI.}1on Pittiglio

Dalf,shcct 2 Plant name: Indian Point, Unit 3 Docket Number: 50-286 Month: Day Year:

Date of Operation: 12- 31 2011 Termination of Operations: 12 12 2015 If licensee is granted greater than 2% RRR Step 4:

E:arning§ Credit:

Trust Fund Balance: Does Licensee Pass; 5521,160,000 YES Step 5:

Accumulation:

Number of Annual Pavrnents: Total Annuit o 50 Years remaining aHer Total Annuity annuit so 3.95 Does Licensee Pass:

YES Step 6:

De<om Period:

Total Earnings;

$563,539,137 Total of Steps 4 thru 6: I Docs Licensee Pass: Shortfall:

$605,434,233 YES NO Signature: Michael Dusaniwskyj Date: 04/2012012 Signature: 10 Arm Simpson Spreadsheet created by: Aaron Szabo, Shawn HanvelJ Date: 0412412012 Formulas verified by: Clayton PiuigIio

Datasheet 1 Plant name: Pilgrim Station Docket Number: 50-293 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.7S(b) & (c): 5569,116,006 Did the licensee identify the amount of estimated radiological funds? (Y/N) y The total amount of dollars accumulated at the end ofllie appropriate year: (see below)

Licensee: Amount in Trust Fund:

Entergy Nudear Generation Co. 5676,660,000 Total Trust Fund Balance 5676,660,600 3 Schedule of the annual amounts remaining to be collected: (provided/none) None Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on d<<:ommissioning funds, and rates of other factors used in funding projections: (sec below)

Post-RAl Rate of Rate(s) of PUC RAJ PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (YIN)

Earnings Factors (YIN) (YIN) (YiN) Dccom (YIN) (YIN) 2."% N Y N Any contracts upon which the licensee is relying? (YIN) N Any modifications to a licensee's method of providing decommisSioning funding assurance? (Y;N) 7 Any material changes to trust agreements? (YlN) N Ifa change has occurred, the reviewer will document on this shect that a change has occurred and identify the reviewer who will evaluate the change: (see below)

Signature: Michael Dusaniwskyj Date: 0412012012 Signature: Jo Ann Simpson Spreadsheet cre.ated by: Aaron Szabo, Sha'Wn Harn'el1 Date: 041241"2012 Formulas verified by: Clayton Pittiglio

Datashect2 Plant name: Pilgrim Station Docket Number: 50-293 Month: Day Year:

Date of Operation: 12 31 2011 Termination of Operations: 6 8 2012 NRC Minimum: $578,934,126 Site Specific:

Amount of NRC Minimum/Site l.icensee: Specific: Amount in Trust .'und:

Entcrgyl'luClear Generation Co, $578,934.126 $676,660,000 Total Fund Balanee: $676,660,000 Step I:

Earnings Credit:

Trust Fund Balance: Does Lieensee Pass:

$676,660,000 YES Step 2:

Accumulation:

Tola) Annuity Total Step 2:

$0 $0 TOlal Step I + Step 2 Docs Licensee Pass:

$682,540,870 YES Step 3:

Dccam Period:

Total of Steps 1 furu 3: I Docs Licensee Pass:

$733,282,892 YES SignalUre: Michael Dusaniwskyj Date: 04120120 J 2 Signature: 10 Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Dale: 0412412012 Fonnulas verified by: Clayton Pittiglio

Da.ashcct 2 Plant name: Pilgrim Station Docket Number: 50-293 Month: Day Year:

Date of Operation: 12 31 2011 Termination of Operations: 6 8 2012

[f licensee is grank'{j greater ilian 2% RRR 81ep4:

Earnings Credit:

Trust Fund Balance: Total Earnings: Does Licensee Pass:

$676,660,000 $682,540,870 YES Step 5:

Accumulation:

Total Annuity Total Sic so so Does Licensee Pass:

YES Step 6:

Decom Period:

Total Earnings:

5682,540,870 Total of Steps 4 thru 6: Does Licensee Pass:

$733,282,892 YES Signalure: Michael Dusaniwskyj Date: 0412012012 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 0412412012 Formulas verified ny: Clayton Pittigliu

J. McCann - 2 This letter confirms correspondence, described above, regarding the DFS reports for operating power reactors and non operating power reactors as required under 10 CFR 50.75(f)(1). As of the date of this letter, considering the available information, the NRC determined that Entergy satisfied the requirements of 10 CFR 50.75 for Indian Point Nuclear Generating Station, Units 1, 2, and 3, and Pilgrim Nuclear Power Station as of December 31, 2011. The DFS report analyses are enclosed.

Sincerely, IRA!

Richard Guzman Plant Licensing Branch 1-1 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation Docket Nos. 50-3, 50-247, 50-286,50-293

Enclosure:

As stated.

cc: Distribution via Listserv DISTRIBUTION:

PUBLIC LPL 1-1 rlf RidsNrrDorlLpL 1-1 RidsNrrPM IndianPoint RidsNrrPMPilgrim RidsOgcMailCenter RidsAcrsAcnwMailCenter RidsRegion 1MailCenter RidsNrrDirslfib RidsDorlDpr Resource RidsNrrLAKGoldstein MDusaniwskyj NRR SHarwell NRR ADAMS Accession No' ML12165A607 '"via memo dated OFFICE NRR/DORL/LPLI-1/PM NRR/DORLILPLI*1/PM I NRR/DORLILPLI*1/PM i NRR/DORLILPLI*1/LA NAME SBasturescu DPickett RGuzman I KGoldstein DATE 6/20/12 6/18/2012 6/18/2012 I 6/14/2012 OFFICE NRR/DIRSIIFIB/BC NRR/DORL/LPLI-1/BC NAME CRegan'" GWi II son I DATE 5/29/12 I 6/20/2012