NL-17-0434, Financial Assurance Requirements for Decommissioning Nuclear Power Reactors
| ML17089A512 | |
| Person / Time | |
|---|---|
| Site: | Vogtle  |
| Issue date: | 03/30/2017 |
| From: | Hutto J Southern Nuclear Operating Co |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| NL-17-0434 | |
| Download: ML17089A512 (23) | |
Text
A Southern Nuclear J. J . Hullo Regulatory Affairs Director 40 Inverness Center Parkway Post Ollice Box 1295 Birmingham, AL 35242 205 992 5812 lei 205 992 7601 lax UhulloDsouthemco.com March 30, 2017 Docket Nos.: 50-424 NL-17-0434 50-425 10 CFR 50.75(1)(1)
U.S. Nuclear Regulatory Commission ATIN: Document Control Desk Washington, D. C. 20555-0001 Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors Ladies and Gentlemen:
Pursuant to 10 CFR 50.75{f)(1), each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning on March 31, 1999, and every two years thereafter. Southern Nuclear Operating Company (Southern Nuclear) holds operating licenses NPF-68 and NPF-81 for the Vogtle Electric Generating Plant Unit 1 and Unit 2, respectively, owned by Georgia Power Company, Oglethorpe Power Corporation, Municipal Electric Authority of Georgia, and Dalton Utilities. Accordingly, Southern Nuclear provides the enclosed submittals in accordance with the requirements of 10 CFR 50.75(1)(1).
This letter contains no NRC commitments. If you have any questions, please contact Ken McElroy at 205.992.7369.
Respectfully submitted, J. J. Hutto Regulatory Affairs Director JJH/eb/lac
Enclosures:
- 1. Georgia Power Company Response
- 2. Oglethorpe Power Corporation Response
- 3. Municipal Electric Authority of Georgia Response
- 4. Dalton Utilities Response
U.S. Nuclear Regulatory Commission NL-17-0434 Page2 cc: Southern Nuclear Operating Company Mr. S. E. Kuczynski, Chairman, President & CEO Mr. D. G. Bost, Executive Vice President & Chief Nuclear Officer Mr. B. K. Taber, Vice President- Vogtle 1 & 2 Mr. M. D. Meier, Vice President- Regulatory Affairs Mr. B. J. Adams, Vice President- Engineering Mr. D. D. Sutton, Regulatory Affairs Manager- Vogtle 1& 2 RType: CVC7000 Georgia Power Ms. A. P. Daiss, Comptroller, CAO, and Senior V. P.
Oglethorpe Power Ms. A. F. Appleby, Vice President, Teasurer Municipal Electric Authority of Georgia Mr. E. E. Easterlin, Sr., Senior V.P. and CFO City of Dalton Mr. Tom Bundros, CEO and President, Dalton Utilities U.S. Nuclear Regulatory Commission Ms. C. Haney, Regional Administrator Mr. M. D. Orenak, NRR Project Manager- Vogtle 1&2 Mr. M. F. Endress, Senior Resident Inspector- Vogtle 1 & 2
Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors Enclosure 1 Georgia Power Company Response
.t. Georgia Power David Poroch VIce President & Comptroller 241 Ralph McGill Blvd, NE Atlanta, GA 30308 404 506 0997 tel dporoch 0 southemco.com March 7, 2017 Docket Nos.: 50-424 50-425 U.S. Nuclear Regulatory Commission ATIN: Document Control Desk Washington, D.C. 20555 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors 00 CFR 50.75(f)(l))
Dear Ladies and Gentlemen:
Pursuantto 10 CFR 50.75(f)(l),eachpowerreactorlicenseeisrequired to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning on March 31, 1999, and every two years thereafter. Accordingly, Georgia Power Company (GPC) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(l) for operating licenses NPF-68 and NPF-81 issued for Vogtle Electric Generating Plant Units 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating Plant, is providing this information to the NRC on behalf ofGPC.
Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning the Vogtle Electric Generating Plant, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c), will be available on the expiration date of operating licenses NPF-68 and NPF-81.
Please advise if you have any questions or comments regarding the information provided herein.
Respectfully submitted, GEORGIA POWER COMPANY, by,
Enclosure Vogtle Electric Generating Plant Georgia Power Company Ownership Percentage - 45.7%
10 CFR 50.75(1)(1) Requirement Unit 1 Unlt2 1 The NRC minimum decommissioning estimate, 2 2
$203,616,000 $203,616,000 pursuant to 10 CFR 50.75(b) and (c). 1 2 The amount accumulated at the end of the calendar year preceding the date of the report for $127,774,550 3 $137,930,256 3 Items Included In 10 CFR 50.75(b) and (c).
3 A schedule of the annual amounts remaining to be See Schedule in See Schedule in collected; for items in 10 CFR 50.75(b) and (c). Attachment 1 Attachment 1 4 The assumptions used regarding:
(a) rates of escalation In decommissioning 2.49% 2.49%
costs;
{b) rates of earnings on decommissioning 4.49% 4.49%
funds; (c) real rate of return; and 2.00% 2.00%
{d) rates of other factors used In funding None None projections.
5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v). None None 6 Any modifications to a licensee's current method No modifications since the No modifications since the of providing financial assurance occurring since last report. Funding Is to an last report. Funding Is to the last submitted report. external sinking fund with the an external sinking fund sources of funds from with the sources of funds traditional cost of service from traditional cost of ratemaklng as ordered by the service ratemaklng as GPSC. ordered by the GPSC.
7 Any material changes to trust agreements. None None NOTES:
1 The NRC formulas In section 10 CFR 50.75(c) Include only those decommissioning costs incurred by licensees to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: (1) release of the property for unrestricted use and termination of the license; or (2) release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological systems and structures Is not Included in the NRC decommissioning cost estimates. The costs of managing and storing spent fuel on-site until transfer to DOE are not Included in the cost formulas.
2 This amount Is based on NUREG-1307, Rev. 16, for the burial factor (Option 2) and the December 2016 BLS data for labor and energy.
3 This amount represents the December 31, 2016 balance of funds In the external trust designated for license termination and does not Include funds identified and held in subaccounts within the external trusts for spent fuel management and decommissioning of spent fuel storage facilities of $4,264,153 for Unit 1 and $9,641,516 for Unit 2, which are funded through rates In accordance with Georgia Public Service Commission Orders.
Attachment 1 Schedule of the Annual Amounts Remaining to be Collected
GEORGIA POWER COMPANY GEORGIA POWER COMPANY NUCLEAR DECOMMISSIONING NUCLEAR DECOMMISSIONING Based on 12/31/2016 Fund Balances Based on 12131/2016 Fund Balances (Amounts In Thousands) (Amounts In Thousands)
VOGTLE1 VOGTLE2 BEG OF Adjusted END OF BEGOF . Adjusted END OF YEAR FUND FUND Annual YEAR YEAR FUND FUND Annual YEAR FUND BAL EARNINGS CONTRIB Expend FUND BAL FUND BAL EARNINGS CONTRIB Expend FUND BAL 2017 $ 127,n5 $ 5,755 $ 495 $ 134,024 2017 $ 137,930 $ 6,193 $ 144,123 2018 134,024 6,035 495 - 140,555 2018 144,123 6,471 - - 150,594 2019 140,555 6,329 495 - 147,378 2019 150,594 6,762 - - 157,356 2020 147,378 6,635 495 - 154,508 2020 157,356 7,065 - - 164,421 2021 154,508 6,955 495 - 161,959 2021 164,421 7,383 - - 171,804 2022 161,959 7,290 495 - 169,743 2022 171,804 7,714 - - 179,518 2023 169,743 7,639 495 - 1n,877 2023 179,518 8,060 - - 187,578 2024 1n,8n 8,004 495 - 186,3n 2024 187,578 8,422 - - 196,001 2025 186,3n 8,386 495 - 195,258 2025 196,001 8,800 - - 204,801 2026 195,258 8,785 495 - 204,538 2026 204,801 9,196 - - 213,997 2027 204,538 9,201 495 - 214,234 2027 213,997 9,608 - - 223,605 2028 214,234 9,637 495 - 224,366 2028 223,605 10,040 - - 233,645 2029 224,366 10,092 495 - 234,953 2029 233,645 10,491 - - 244,136 2030 234,953 10,567 495 - 246,015 2030 244,136 10,962 - - 255,097 2031 246,015 11,064 495 - 257,574 2031 255,097 11,454 - - 266,551 2032 257,574 11,583 495 - 269,651 2032 266,551 11,968 - - 278,519 2033 269,651 12,125 495 - 282,271 2033 278,519 12,506 - - 291,025 2034 282,271 12,692 495 - 295,458 2034 291,025 13,067 - - 304,092 2035 295,458 13,284 495 - 309,237 2035 304,092 13,654 - - 317,745 2036 309,237 13,902 495 - 323,634 2036 317,745 14,267 - - 332,012 2037 323,634 14,549 495 - 338,678 2037 332,012 14,907 - - 346,920 2038 338,678 15,224 495 - 354,398 2038 346,920 15,5n - - 362,496 2039 354,398 15,930 495 - 370,823 2039 362,496 16,276 - - 378,772 2040 370,823 16,668 495 - 387,985 2040 378,772 17,007 - - 395,n9 2041 387,985 17,438 495 - 405,919 2041 395,779 17,770 - - 413,550 2042 405,919 18,243 495 - 424,657 2042 413,550 18,568 - - 432,118 2043 424,657 19,085 495 - 444,237 2043 432,118 19,402 - - 451,520 2044 444,237 19,964 495 - 464,696 2044 451,520 20,273 - - 471,794 2045 464,696 20,883 495 - 486,074 2045 471,794 21,184 - - 492,977 2046 486,074 21,842 495 - 508,411 2046 492,977 22,135 - - 515,112 2047 508,41_!_ '--- 12,659 - - 521,070 2047 515,112 23,129 - - 538,240 2048 538,240 24,167 - - 562,407 2049 562,407 14,004 - - 576,411
Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors Enclosure 2 Oglethorpe Power Corporation Response
-OglethorpePower An Electric Membership Corporation March 9, 2017 Docket Nos.: 50-424 50-425 U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f}(1))
Dear Ladies and Gentlemen:
Pursuant to 10 CFR 50. 75(f)(1 }, each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning on March 31, 1999, and every two years thereafter. Oglethorpe Power Corporation (OPC) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1} for operating licenses NPF-68 and NPF-81 issued for Vogtle Electric Generating Plant Unit 1 and 2, respectively.
Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating Plant, is providing this information to the NRC on behalf of OPC.
Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning the Vogtle Electric Generating Plant, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c), will be available on the expiration date of operating licenses NPF-68 and NPF-81.
Please advise if you have any questions or comments regarding the information provided herein.
Respectfully submitted,
~)- ~
Anne F. Appleby Vice President, Treasurer Oglethorpe Power Corporation Enclosure Oglethorpe Power Corporation
- 2100 East Exchange Place* Tucker, GA 30084-5336 Phone 770-270-7600 Fax 770-270-7872 e A member of the National Rural Electric Cooperative A!isociation
Enclosure Vogtle Electric Generating Plant Oglethorpe Power Corporation Ownership Percentage - 30.0%
10 CFR 50.75(f)(1) Requirement Unit 1 Unit 2 1 The NRC minimum decommissioning estimate, 2
$133,665,000 2 $133,665,000 pursuant to 10 CFR 50.75(b) and (c) . 1 2 The amount accumulated at the end of the $78,988,000 $71,549,000 calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c) .
3 A schedule of the annual amounts remaining to be See Schedule in See Schedule in collected; for items in 10 CFR 50.75(b) and (c). Attachment 1 Attachment 1 4 The assumptions used regarding:
(a) rates of escalation in decommissioning 2.49% 2.49%
costs; (b) rates of earnings on decommissioning funds;* 5.00% 5.00%
(c) real rate of return; and 2.51% 2.51%
(d) rates of other factors used in funding None None projections.
5 Any contracts upon which the licensee is relying None None pursuant to 10 CFR 50.75(e)(1)(v) .
6 Any modifications to a licensee's current method None None of providing financial assurance occurring since the last submitted report.
7 Any material changes to trust agreements. In May 2015 replaced the In May 2015 replaced the large large cap equity manager cap equity manager with with another large cap equity another large cap equity manager. In February 2017 manager. In February 2017 replaced the small cap equity replaced the small cap equity manager with a small/mid cap manager with a small/mid cap equity manager equity manager
- As a rural electrrc cooperative, OPC's budget IS approved by 1ts Board of Directors annually. The budget includes a 5% rate of earnings assumption for the Hatch and Vogtle Nuclear Decommissioning Trust Funds.
The 5% rate of earnings assumption less the 2.49% escalation rate results in a real rate of return of 2.51%
NOTES:
1 The NRC formulas in section 10 CFR 50. 75{c) include only those decommissioning costs incurred by licensees to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: {1) release of the property for unrestricted use and termination of the license; or (2) release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological systems and structures is not included in the NRC decommissioning cost estimates. The costs of managing and storing spent fuel on-site until transfer to DOE are not included in the cost formulas.
2 This amount is based on NUREG-1307, Rev. 16, for the burial factor (Option 2) and the December 2016 BLS data for labor and energy.
Attachment 1 Schedule of the Annual Amounts Remaining to be Collected Oglethorpe Power Corporation 2016 NRC MINIMUM Vogtle 1 Vogtle 2
!'.arnings Rate: 5 Earnings Rate: 'i Balance Balance Balance Balance Year Begin Year E arnings Contribution End Year Year Begin Year r*:arnings Contribution l*:nd Year
- ------- -*---- -----*-- --------- ---- -~ * ---- -~-***-- --- ------- --------*----- *--------- -
2016 73,47 3,511 3,673,676 0 78,987,518 2016 66.554,510 3,327,726 0 71,549,263 2017 78,987,5 18 3,949,376 0 82,936,894 2017 71,549,2().) 3,'i77,463 0 75,126,726 2018 82,936,891 4,146,845 0 87,083,739 2018 71,126,726 3,756 r)36 0 78,883,062 2019 87,083,739 '1,354,187 0 91,437,926 2019 78,883,062 3,944,153 0 82,827,216 2020 91,437,926 4,571,896 0 96,009,822 2020 82,827,216 4,141,361 0 86,968,576 2021 96,009,822 4,800,491 0 100,810,313 2021 86,968,576 4,348,429 () 91,317,005 2022 100,810,313 5,040,516 0 105,8'i0,829 2022 91,317,005 4,565,850 0 95,882,855 2023 105,850,829 5,292,541 0 111,143,370 2021 95,882,855 4,794,143 0 100,676,998 2024 111,143,370 5,557,168 0 116,700,538 2024 100,676,998 5,033,850 0 105,710,848 2025 116,700,538 5,835,027 0 122,535,565 2021 105,710,848 5,285,542 0 110,996,391 2026 122,535,565 6,126,778 0 128,662,344 2026 1 10,996,391 5,549,820 0 116,546,210 2027 128,662,344 6,433,117 0 135,095,461 2027 1 16,5t\6,21 0 5,827,311 0 122,373,521 2028 135,095,461 6,754,773 0 141,850,234 2028 122,373,521 6,118,676 () 128,492,197 2029 141,850,234 7,092,512 0 148,942,746 2029 128,492,197 6,424,610 0 134,916,806 2030 148,942,7 46 7,447,137 0 156,389,883 2030 134,916,806 6,745,840 0 141,662,647 2031 156,389,883 7,819,494 0 164,209,377 2031 141,662,647 7,083,132 0 148,745,779 2032 164,209,377 8,210,469 0 172,419,846 2032 148,745,779 7,437,289 0 156,183,068 2033 172,419,846 8,620,992 0 181,040,838 2033 156,183,068 7,809,153 0 163,992,221 2034 181 ,040,838 9,052,042 0 190,092,880 2034 163,992,221 8,199,611 0 172,191,832 2035 190,092,880 9,504,644 0 199,597,524 2035 172,191,832 8,609,592 0 180,801,424 2036 199,597,524 9,979,876 0 209,577,400 2036 180,801,424 9,040,071 0 189,841,495 2037 209,577,400 10,478,870 0 220,056,270 2037 189,841,495 9,492,075 0 199,333,570 2038 220,056,270 11,002,814 0 231,059 ,08'1 2038 199,333,570 9,966,679 0 209,300,249 2039 231,059,084 11,552,954 0 242,612,038 2039 209,300,249 10,465,012 0 219,765,261 2040 242,612,038 12,130,602 0 254,742,640 2040 219,765,261 10,988,263 0 210,753,524 2041 254,742,640 12,737,132 0 267,479,772 2041 230,753,524 11,537,676 0 242,291,200 2042 267,479,772 13,373,989 0 280,853,760 2042 242,291,200 12,114,560 0 254,405,760 2043 280,853,760 14,042,688 0 29*~.896,448 2043 254,405,760 12,720,288 0 267,126,048 2044 294,896,448 14,744,822 0 309,641,271 2044 267,126,048 13,356,302 0 280,482,351 2045 309,641,271 15,482,064 0 325,123,134 2045 280,482,35 1 14,024,118 0 294,506,468 2046 325,123,334 16,256,167 0 341 ,379,501 2046 294,506,468 14,725,323 0 309,231,792 2047 341,379,501 17,068,975 0 358,448,476 2047 309,231,792 15,461,590 0 324,693,381 2048 324,693,381 16,234,669 0 340,928,050 2049 340,928,050 17,046,403 - 357,974,453 293,647,000 308,453,000 NRC Min NRC Min from 2/17 letter from 2/17 letter
Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors Enclosure 3 Municipal Electric Authority of Georgia Response
March 23, 2017 POWER Docket Nos.: 50-424 50-425 U.S. Nuclear Regulatory Commission ATIN: Document Control Desk Washington, D.C. 20555 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))
Dear Ladies and Gentlemen:
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning on March 31, 1999, and every two years thereafter. Accordingly, Municipal Electric Authority of Georgia (MEAG) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses NPF-68 and NPF-81 issued for Vogtle Electric Generating Plant Units 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating Plant, is providing this information to the NRC on behalf of MEAG.
Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning of the Vogtle Electric Generating Plant, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c), will be available on the expiration date of operating licenses NPF-68 and NPF-81.
Please advise if you have any questions or comments regarding the information provided herein.
Respectfully submitted, MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA, by, Enclosure Municipal Electric Authm*ity of Gcol'j;ia 1470 Rivcrcclge Puo*kway NW Atlanta, Georgia 30328*1610 1 ~800 -333 -MEAG 770-563-0300 Fox 770 -953 -3141
Enclosure Vogtle Electric Generating Plant Municipal Electric Authority of Georgia Ownership Percentage- 22.7%
10 CFR 50.75(f)(1) Requirement Unit 1 Unit2 1 The NRC minimum decommissioning estimate, 2 2 1 $101 '140,000 $101,140,000 pursuant to 10 CFR 50.75(b) and (c).
2 The amount accumulated at the end of the calendar year preceding the date of the report for $111,947,589 $107,008,868 items included in 10 CFR 50.75(b) and (c).
3 A schedule of the annual amounts remaining to be See Schedule in See Schedule in collected; for items in 10 CFR 50.75(b) and (c). Attachment 1 Attachment 1 4 The assumptions used regarding:
(a) rates of escalation in decommissioning 2.49% 2.49%
costs; (b) rates of earnings on decommissioning 4.15% 4.15%
funds; 1.66% 1.66%
(c) real rate of return; and (d) rates of other factors used in funding None None projections.
5 Any contracts upon which the licensee is relying MEAG Power Sales MEAG Power Sales pursuant to 10 CFR 50.75(e)(1)(v) . Contracts Contracts 6 Any modifications to a licensee's current method None None of providing financial assurance occurring since the last submitted report.
7 Any material changes to trust agreements. None None NOTES:
The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: (1) release of the property for unrestricted use and termination of the license; or (2) release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological systems and structures is not included in the NRC decommissioning cost estimates. The costs of managing and storing spent fuel on-site until transfer to DOE are not included in the cost formulas.
2 This amount is based on NUREG-1307, Rev. 16, for the burial factor (Option 2) and the December 2016 BLS data for labor and energy.
Attachment 1 Schedule of the Annual Amounts Remaining to be Collected
MEAGPOWER Decommissioning Funding Plan Nuclear Decommissioning Fund- Vogtle 1 (Dollars in T!lousa11ds)
Calendar Balance at Less: Balance at Year Beg. of Year Contributions (I) Eamin~s Fees End ofYear (A) (B) (C) (D) (E) 2016 111,948 2017 111,948 4,643 (173) 116,418 2018 116,418 4,828 (180) 121,066 2019 121,066 5,021 (187) 125,900 2020 125,900 5,222 (194) 130,928 2021 130,928 5,430 (202) 136;156 2022 136,156 5,647 (210) 141,593 2023 141,593 5,873 (218) 147,247 2024 147,247 6,107 (227) 153,128 2025 153,128 6,351 (236) 159,243 2026 159,243 6,605 (245) 165,602 2027 165,602 6,868 (255) 172,215 2028 172,215 7,143 (265) 179,093 2029 179,093 7,428 (275) 186,246 2030 186,246 7,725 (286) 193,684 2031 193,684 8,033 (298) 201,419 2032 201,419 8,354 (309) 209,463 2033 209,463 8,687 (322) 217,829 2034 217,829 9,034 (334) 226,529 2035 226,529 9,395 (348) 235,577 2036 235,577 9,771 (364) 244,983 2037 244,983 10,161 (379) 254,765 2038 254,765 10,566 (394) 264,938 2039 264,938 10,988 (409) 275,517 2040 275,517 11,427 (431) 286,513 2041 286,513 11,883 (448) 297,948 2042 297,948 12,357 (466) 309,839 2043 309,839 12,851 (484) 322,206 2044 322,206 13,363 (503) 335,066 2045 335,066 13,897 (523) 348,440 2046 348,440 14,452 (544) 362,348 2047 362,348 1,252 (47) 363,553 2048 2049 Total 261,363 (9,757)
Footnotes:
(I)- Based on the current funding levels and decommissioning forecast, the decommissioning contributions for Vogtle Unit One are being suspended.
Date: 3/23/20 17; Time: 9:52 AM
MEAGPOWER Decommissioning Funding Plan Nuclear Decommissioning Fund- Vogtle 2 (Dollars in Thousands)
Calendar Balance at Less: Balance at Year Beg. of Year Contributions (I) Earnings Fees End of Year (A) (8) (C) (D) (E) 2016 107,009 2017 107,009 4,438 (165) 111,282 2018 111,282 4,615 (172) 115,725 2019 115,725 4,800 (179) 120,346 2020 120,346 4,991 (186) 125,152 2021 125,152 5,191 (193) 130,149 2022 130,149 5,398 (201) 135,347 2023 135,347 5,613 (209) 140,751 2024 140,751 5,838 (217) 146,372 2025 146,372 6,071 (225) 152,217 2026 152,217 6,313 (234) 158,296 2027 158,296 6,565 (244) 164,618 2028 164,618 6,828 (253) 171,192 2029 171,192 7,100 (263) 178,029 2030 178,029 7,384 (274) 185,139 2031 185,139 7,679 (285) 192,533 2032 192,533 7,985 (296) 200,223 2033 200,223 8,304 (308) 208,219 2034 208,219 8,636 (320) 216,535 2035 216,535 8,981 (332) 225,184 2036 225,184 9,340 (348) 234,175 2037 234,175 9,712 (362) 243,526 2038 243,526 10,100 (376) 253,250 2039 253,250 10,504 (391) 263,362 2040 263,362 10,923 (412) 273,873 2041 273,873 11 ,359 (428) 284,803 2042 284,803 11,812 (445) 296,170 2043 296,170 12,284 (463) 307,991 2044 307,991 12,774 (481) 320,284 2045 320,284 13,284 (500) 333,068 2046 333,068 13,814 (520) 346,362 2047 346,362 14,365 (540) 360,188 2048 360,188 14,939 (562) 374,565 2049 374,565 2,589 (101) 377,053 Total 280,529 (10,484)
Footnotes:
(I)- Based on the current funding levels and decommissioning forecast, the decommissioning contributions for Vogtle Unit Two are being suspended.
Date: 3/23/20 17; Time: 9:52 AM
Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors Enclosure 4 Dalton Utilities Response
~
Dalton UTILITIES Docket Nos.: 50-424 50-425 U.S. Nuclear Regulatory Commission ATTN : Document Control Desk Washington, D.C . 20555 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1
Dear Ladies and Gentlemen:
Pursuant to 10 CFR 50.75(f)(1 ), each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning on March 31, 1999, and every two years thereafter. According ly, Dalton Utilities (Dalton) hereby submits the enclosed information in accordance with 10 CFR 50. 75(f)(1) for operating licenses NPF-68 and NPF-81 issued for Vogtle Electric Generating Plant Units 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating Plant, is providing this information to the NRC on behalf of Dalton. Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning of the Vogtle Electric Generating Plant, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c), will be available on the expiration date of operating licenses NPF-68 and NPF-81. Please advise if you have any questions or comments regarding th~ information provided herein. Respectfully submitted, Dalton Utilities, by, Enclosure 1200 V.D. Parrott, Jr. Parkway ~ P.O. Box 869 .of Dalton, GA 30722
- 706.278.1313
- 706.278.7230 Fax ,._ www.dutil.com gfptilinR WhAt is POSSIBLti :
Enclosure Vogtle Electric Generating Plant Dalton Utilities Ownership Percentage -1.6% 10 CFR 50.75(f)(1) Requirement Unit 1 Unit 2 1 The NRC minimum decommissioning estimate,
$7,129,000 2 $7 ,129,000 2 pursuant to 10 CFR 50.75(b) and (c) . 1 2 The amount accumulated at the end of the calendar year preceding the date of the report for $10,577,080 $10,127,249 items included in 10 CFR 50.75(b) and (c).
3 A schedule of the annual amounts remaining to be See Schedule in See Schedule in collected, for items in 10 CFR 50.75(b) and (c). Attachment 1 Attachment 1 4 The assumptions used regarding: (a) rates of escalation in decommissioning 2.49% 2.49% costs; (b) rates of earnings on decommissioning 2.269% 2.269% funds; (c) real rate of return; and -.221% -.221% (d) rates of other factors used in funding N/A N/A projections. 5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1 )(v). None None 6 Any modifications to a licensee's current method None None of providing financial assurance occurring since the last submitted report. 7 Any material changes to trust agreements. None None NOTES: 1 The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: (1) release of the property for unrestricted use and termination of the license; or (2) release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological systems and structures is not included in the NRC decommissioning cost estimates. The costs of managing and storing spent fuel on-site until transfer to DOE are not included in the cost formulas. 2 This amount is based on NUREG-1307, Rev. 16, for the burial factor (Option 2) and the December 2016 BLS data for labor and energy.
Attachment 1 Schedule of the Annual Amounts Remaining to be Collected
Attachment 1 Schedule of the Annual Amounts Remaining to be Collected Dalton Utilities 2016 NRC MINIMUM Vogtle 1 Vogtle 2 Earnings Rate 2.269 Earnings Rate 2.269 Balance Balance Balance 9897462 Balance Year Beginning of Year Earnings Contribution End of Year Year Beginning of Year Earnings Contribution End of Year 2016 10,342,411 234,669 0 10,577,080 2016 9,902,560 224,689 0 10,127,249 2017 10,577,080 239,994 0 10,817,074 2017 10,127,249 229,787 0 10,357,036 2018 10,817,074 245,439 0 11,062,513 2018 10,357,036 235,001 0 10,592,037 2019 11,062,513 251,008 0 11,313,522 2019 10,592,037 240,333 0 10,832,371 2020 11,313,522 256,704 0 11,570,226 2020 10,832,371 245,786 0 11,078,157 2021 11,570,226 262,528 0 11,832,754 2021 11,078,157 251,363 0 11,329,521 2022 11,832,754 268,485 0 12,101,239 2022 11,329,521 257,067 0 11,586,587 2023 12,101,239 274,577 0 12,375,816 2023 11,586,587 262,900 0 11,849,487 2024 12,375,816 280,807 0 12,656,624 2024 11,849,487 268,865 0 12,118,352 2025 12,656,624 287,179 0 12,943,802 2025 12,118,352 274,965 0 12,393,317 2026 12,943,802 293,695 0 13,237,497 2026 12,393,317 281,204 0 12,674,522 2027 13,237,497 300,359 0 13,537,856 2027 12,674,522 287,585 0 12,962,107 2028 13,537,856 307,174 0 13,845,030 2028 12,962,107 294,110 0 13,256,217 2029 13,845,030 314,144 0 14,159,174 2029 13,256,217 300,784 0 13,557,000 2030 14,159,174 321,272 0 14,480,445 2030 13,557,000 307,608 0 13,864,609 2031 14,480,445 328,561 0 14,809,007 2031 13,864,609 314,588 0 14,179,197 2032 14,809,007 336,016 0 15,145,023 2032 14,179,197 321,726 0 14,500,923 2033 15,145,023 343,641 0 15,488,664 2033 14,500,923 329,026 0 14,829,949 2034 15,488,664 351,438 0 15,840,101 2034 14,829,949 336,492 0 15,166,440 2035 15,840,101 359,412 0 16,199,513 2035 15,166,440 344,127 0 15,510,567 2036 16,199,513 367,567 0 16,567,080 2036 15,510,567 351,935 0 15,862,501 2037 16,567,080 375,907 0 16,942,987 2037 15,862,501 359,920 0 16,222,422 2038 16,942,987 384,436 0 17,327,424 2038 16,222,422 368,087 0 16,590,508 2039 17,327,424 393,159 0 17,720,583 2039 16,590,508 376,439 0 16,966,947 2040 17,720,583 402,080 0 18,122,663 2040 16,966,947 384,980 0 17,351,927 2041 18,122,663 411,203 0 18,533,866 2041 17,351,927 393,715 0 17,745,642 2042 18,533,866 420,533 0 18,954,400 2042 17,745,642 402,649 0 18,148,291 2043 18,954,400 430,075 0 19,384,475 2043 18,148,291 411,785 0 18,560,076 2044 19,384,475 439,834 0 19,824,309 2044 18,560,076 421,128 0 18,981,204 2045 19,824,309 449,814 0 20,274,122 2045 18,981,204 430,684 0 19,411,887 2046 20,274,122 460,020 0 20,734,142 2046 19,411,887 440,456 0 19,852,343 2047 20,734,142 470,458 0 21,204,600 2047 19,852,343 450,450 0 20,302,793 2048 20,302,793 460,670 0 20,763,463 15,281,110 2049 20,763,463 471,123 0 21,234,586 NRC Minimum from 2/17 letter 16,051,584 NRC Minimum from 2/17 letter}}