ML18302A115

Pre-Notice of Disbursement from Decommissioning Trusts

ML18302A115
Person / Time
Site:	Peach Bottom, Salem, Hope Creek
Issue date:	10/17/2018
From:	Mahoney J BNY Mellon
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML18302A115 (2)

Text

BNY MELLON ASSET SERVICING Director, Office of Nuclear Reactor Regulation U.S. Nuclear Regulatory Commission Washington, DC 20555 Date: October 17, 2018

Subject:

Pre-Notice of Disbursementfrom Decommissioning Trusts Salem Generating Station, Units I and 2 Renewed Facility Operating License Nos. DPR-70 and DPR-75 NRC Docket Nos. 50-272 and 50-311 Hope Creek Generating Station Renewed Facility Operating License No. NPF-57 NRC Docket No. 50-354 Peach Bottom Atomic Power Station, Units 2 and 3 Renewed Facility Operating License Nos. DPR-44 and DPR-56 NRC Docket Nos. 50-277 and 50-278

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This letter provides the Director of the Office of Nuclear Reactor Regulation written *notification that the trustee, The Bank of New York Mellon ("Trustee") of the PSEG Power LLC Master Decommissioning Trust Agreement for Hope Creek Generating Station, Salem Nuclear Generating Station and Peach Bottom Atomic Power Station ("Trust"), at the direction of PSEG, intends to make disbursements from the Trust, as specified in the table below in the absence of of any written notice objection from your office within 30 days of the date of this letter.

I Unit Decommissioning Costs (Planning)

Salem Unit 1 $478,000 Salem Unit2 $478,000 Hope Creek $1,072,000 *'*'

Peach Bottom Unit 2 $86,000 1 Peach Bottom Unit 3 $86,000

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l,iJ1cco,rdance with the applicable Renewed Facility Operating Licenses, the Trust provides that "hcept 'for*payrrients of expenses of administration pursuant to Section 4.02, no disbursements or payments from the trust shall be made by the Trustee until the Trustee has first given the NRC 30 days notice pf the payment."

In addition,,.* the. Trust provides that "no disbursements or 13S S,,ntilli Highway, f.vereti, MA 021-19*1950 www.bnyrnelltm.com

payments from the trust shall be made if the trustee receives prior written notice of objection from the Director, Office of Nuclear Reactor Regulation during such 30 day notice period."

The amount of funds to be disbursed from the Trust for each unit will not exceed (without a supplemental 30-day notice) the amounts specified in the above table. The disbursements are for the development of decommissioning cost studies and early development of decommissioning planning documents including a Post-Shutdown Decommissioning Activities Report for both the Salem and Hope Creek plants. PSEG has confirmed to the Trustee (or prior to directing the Trustee to make the corresponding disbursement shall confirm to the Trustee) that the payments to be disbursed are for legitimate decommissioning planning expenses.

If you have any questions about this letter, please contact the representative for the Trustee, James Mahoney at 617-382-9623. Alternatively, additional information or clarification can be provided by Michael Wiwel of PSEG's nuclear licensing group, who can be reached at 856-339-1466.

James F. Mahoney, Jr.

Vice President The Bank of New York Mellon cc: U.S. Nuclear Regulatory Commission /

Attn: Document Control Desk Washington, DC 20555-0001 Regional Administrator, Region 1 U.S. Nuclear Regulatory Commission 2100 Renaissance Blvd, Suite 100 King of Prussia, PA 19406-2713 NRC Project Manager, Salem & Hope Creek (via email - James.Kim@NRC.gov)

NRC Project Manager, Peach Bottom (via email-Jennifer.Tobin@NRC.gov)

Anthony Bowers, Chief, Financial Projects Branch, NRC (via email-Anthony.Bowers@NRC.gov)

Patrick Mulligan, Manager, NJBNE P.O. Box420 MIC 33-01 Trenton, NJ 08625-0420