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Nuclear Operating Company
South Texas Pro/ect Electric Generating Station 90 Bar 289 Madsmiorth. Texas 77483
March 26, 2015NOC-AE-1 5003219File No.: D57, G2510 CFR 50.75
U. S. Nuclear Regulatory CommissionAttention: Document Control DeskWashington, DC 20555-0001
South Texas ProjectUnits 1 and 2
Docket Nos. STN 50-498, STN 50-499Financial Assurance for Decommissioning - 2015 Update
Pursuant to 10 CFR 50.75(f)(1), the STP Nuclear Operating Company (STPNOC) submits theattached status reports regarding funds available, effective December 31, 2014, fordecommissioning South Texas Project Units 1 and 2. The data are assembled by the individualco-owners of the South Texas Project:
* NRG South Texas LP;
* City Public Service Board of San Antonio; and
" City of Austin - Austin Energy.
The attached reports provide the following information for each co-owner:
* Estimated amount of decommissioning funds required;
* Amount accumulated by December 31, 2014;
* A schedule of the annual amounts remaining to be collected;
* Assumptions for rates of escalation in decommissioning cost, and for rates used in fundingprojections;
* Contracts upon which the owners rely pursuant to 10 CFR 50.75(e)(1)(v);
* Modifications to method of providing financial fund assurance; and
* Material changes to trust agreements.
This letter contains no NRC commitments.
If there are any questions, please contact either Hung C. Le at (361) 972-7932 or me at (361) 972-8074.
George R. HarrisonExecutive Vice President and Chief Financial Officer
HCL
Attachments:1. Financial Assurance for Decommissioning - NRG South Texas LP A2. Financial Assurance for Decommissioning - City Public Service Board of San Antonio f )0-0)3. Financial Assurance for Decommissioning - City of Austin - Austin Energy
STI: 34054098
NOC-AE-1 5003219Page 2 of 2
cc:(paper copy) (electronic copy)
Regional Administrator, Region IVU.S. Nuclear Regulatory Commission1600 East Lamar BoulevardArlington, TX 76011-4511
Lisa M. RegnerSenior Project ManagerU.S. Nuclear Regulatory CommissionOne White Flint North (MS 8 G9A)11555 Rockville PikeRockville, MD 20852
Senior Resident InspectorU. S. Nuclear Regulatory CommissionP. 0. Box 289, Mail Code: MNl16Wadsworth, TX 77483
Attention: Document Control DeskU. S. Nuclear Regulatory CommissionWashington, DC 20555-0001
Morgan, Lewis & Bockius LLPSteve Frantz, Esquire
U.S. Nuclear Regulatory CommissionLisa M. Regner
NRG South Texas LPJohn RaganChris O'HaraJim von Suskil
CPS EnergyKevin PolioCris EugsterL. D. Blaylock
Crain Caton & James, P.C.Peter Nemeth
City of Austin - Austin EnergyCheryl MeleJohn Wester
Texas Dept. of State Health ServicesRichard A. RatliffRobert Free
ATTACHMENT I
SOUTH TEXAS PROJECT
FINANCIAL ASSURANCE FOR DECOMMISSIONING
2015 UPDATE
NRG SOUTH TEXAS LP
Attachment 1NOC-AE-1 5003219Page 1 of 4
FINANCIAL ASSURANCE FOR DECOMMISSIONINGNRG South Texas LP
13.2% Ownership of South Texas Project Unit I
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendaryear basis, beginning on March 31, 1999, and every two years thereafter, on the status of itsdecommissioning funding for each reactor or share of reactor it owns. The requested information is providedbelow.
1. Minimum decommissioning fund estimate,pursuant to 10 CFR 50.75(b) and (c)1 :
2. Amount accumulated at the end of the calendaryear preceding the date of the report for itemsincluded in 10 CFR 50.75(b) and (c):
3. Schedule of the annual amounts remaining to becollected for items in 10 CFR 50.75(b) and (c):
4. Assumptions used regarding escalation indecommissioning cost, rates of earnings ondecommissioning funds, and rates of otherfactors used in funding projections:
5. Contracts upon which the licensee is relyingpursuant to 10 CFR 50.75(e)(1)(v):
6. Modifications to a licensee's current methodproviding financial assurance occurring since thelast submitted report:
7. Material changes to trust agreements:
Total Required:
Amount Accumulated 2:
$68,229,416
$56,506,960
Amount Remaining 3: $0
13Number of Years to Collect:
Escalation Rate:
Earnings Rate:
2.471%
3.30% - 7.91%
None
None
None
1. The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees toremove a facility or site safely from service, and reduce residual radioactivity to levels that permit: (1) release of theproperty for unrestricted use and termination of the license; or (2) release of the property under restricted conditionsand termination of the license.
2. By Order dated October 10, 2008 in PUCT Docket No. 35772, NRG South Texas LP was granted approval toestablish a separate spent fuel management subaccount. By Order dated July 13, 2009 in PUCT Docket No. 36796,NRG South Texas LP was granted approval to establish a separate subaccount for pre-shutdown disposal of largecomponents. The amounts allocable to the spent fuel management and pre-shutdown disposal subaccounts are notincluded in the reported amount. The reported amount includes funds accumulated based upon a site-specific studythat includes license termination and other costs.
3. Target amounts to be collected were established by the PUCT-approved separate non-bypassable decommissioningcharges established in PUCT Tariff Control No. 41970. Actual collections will vary but the charges are intended toproduce the targeted annual collection amounts established in PUCT Docket No. 41580. All current collections arebeing deposited in the large component disposal subaccount.
Attachment 1NOC-AE-1 5003219Page 2 of 4
FINANCIAL ASSURANCE FOR DECOMMISSIONINGNRG South Texas LP
30.8% Ownership of South Texas Project Unit 1
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendaryear basis, beginning on March 31, 1999, and every two years thereafter, on the status of itsdecommissioning funding for each reactor or share of reactor it owns. The requested information is providedbelow.
1. Minimum decommissioning fund estimate,pursuant to 10 CFR 50.75(b) and (c)1 :
2. Amount accumulated at the end of the calendaryear preceding the date of the report for itemsincluded in 10 CFR 50.75(b) and (c):
3. Schedule of the annual amounts remaining to becollected for items in 10 CFR 50.75(b) and (c):
4. Assumptions used regarding escalation indecommissioning cost, rates of earnings ondecommissioning funds, and rates of otherfactors used in funding projections:
5. Contracts upon which the licensee is relyingpursuant to 10 CFR 50.75(e)(1)(v):
6. Modifications to a licensee's current methodproviding financial assurance occurring since thelast submitted report:
7. Material changes to trust agreements:
Total Required:
Amount Accumulated 2 :
$159,201,971
$138,319,017
Amount Remaining 3:
Number of Years to Collect:
Escalation Rate:
Earnings Rate:
$0
13
2.471%
3.30% - 7.91%
None
None
None
1. The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees toremove a facility or site safely from service, and reduce residual radioactivity to levels that permit: (1) release of theproperty for unrestricted use and termination of the license; or (2) release of the property under restricted conditionsand termination of the license.
2. By Order dated October 10, 2008 in PUCT Docket No. 35772, NRG South Texas LP was granted approval toestablish a separate spent fuel management subaccount. By Order dated July 13, 2009 in PUCT Docket No. 36796,NRG South Texas LP was granted approval to establish a separate subaccount for pre-shutdown disposal of largecomponents. The amounts allocable to the spent fuel management and pre-shutdown disposal subaccounts are notincluded in the reported amount. The reported amount includes funds accumulated based upon a site-specific studythat includes license termination and other costs.
3. Target amounts to be collected were established by the PUCT-approved separate non-bypassable decommissioningcharges established in PUCT Tariff Control No. 41941. Actual collections will vary but the charges are intended toproduce the targeted annual collection amounts established in PUCT Docket No. 41580. All current collections arebeing deposited in the large component disposal subaccount.
Attachment 1NOC-AE-1 5003219Page 3 of 4
FINANCIAL ASSURANCE FOR DECOMMISSIONINGNRG South Texas LP
13.2% Ownership of South Texas Project Unit 2
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendaryear basis, beginning on March 31, 1999, and every two years thereafter, on the status of itsdecommissioning funding for each reactor or share of reactor it owns. The requested information is providedbelow.
1. Minimum decommissioning fund estimate,pursuant to 10 CFR 50.75(b) and (c)1 :
2. Amount accumulated at the end of the calendaryear preceding the date of the report for itemsincluded in 10 CFR 50.75(b) and (c):
3. Schedule of the annual amounts remaining to becollected for items in 10 CFR 50.75(b) and (c):
4. Assumptions used regarding escalation indecommissioning cost, rates of earnings ondecommissioning funds, and rates of otherfactors used in funding projections:
5. Contracts upon which the licensee is relyingpursuant to 10 CFR 50.75 (e)(1)(v):
6. Modifications to a licensee's current methodproviding financial assurance occurring since thelast submitted report:
7. Material changes to trust agreements:
Total Required:
Amount Accumulated 2:
$68,229,416
$68,278,426
Amount Remaining 3 : $0
14Number of Years to Collect:
Escalation Rate:
Earnings Rate:
2.476%
3.30% - 7.91%
None
None
None
1. The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees toremove a facility or site safely from service, and reduce residual radioactivity to levels that permit: (1) release of theproperty for unrestricted use and termination of the license; or (2) release of the property under restricted conditionsand termination of the license.
2. By Order dated October 10, 2008 in PUCT Docket No. 35772, NRG South Texas LP was granted approval toestablish a separate spent fuel management subaccount. By Order dated July 13, 2009 in PUCT Docket No. 36796,NRG South Texas LP was granted approval to establish a separate subaccount for pre-shutdown disposal of largecomponents. The amounts allocable to the spent fuel management and pre-shutdown disposal subaccounts are notincluded in the reported amount. The reported amount includes funds accumulated based upon a site-specific studythat includes license termination and other costs.
3. Target amounts to be collected were established by the PUCT-approved separate non-bypassable decommissioningcharges established in PUCT Tariff Control No. 41970. Actual collections will vary but the charges are intended toproduce the targeted annual collection amounts established in PUCT Docket No. 41580. All current collections arebeing deposited in the large component disposal subaccount.
Attachment 1NOC-AE-1 5003219Page 4 of 4
FINANCIAL ASSURANCE FOR DECOMMISSIONINGNRG South Texas LP
30.8% Ownership of South Texas Project Unit 2
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendaryear basis, beginning on March 31, 1999, and every two years thereafter, on the status of itsdecommissioning funding for each reactor or share of reactor it owns. The requested information is providedbelow.
1. Minimum decommissioning fund estimate,pursuant to 10 CFR 50.75(b) and (c)':
2. Amount accumulated at the end of the calendaryear preceding the date of the report for itemsincluded in 10 CFR 50.75(b) and (c):
3. Schedule of the annual amounts remaining to becollected for items in 10 CFR 50.75(b) and (c):
4. Assumptions used regarding escalation indecommissioning cost, rates of earnings ondecommissioning funds, and rates of otherfactors used in funding projections:
5. Contracts upon which the licensee is relyingpursuant to 10 CFR 50.75(e)(1)(v):
6. Modifications to a licensee's current methodproviding financial assurance occurring since thelast submitted report:
7. Material changes to trust agreements:
Total Required:
Amount Accumulated2 :
$159,201,971
$174,158,803
Amount Remaining 3: $0
14Number of Years to Collect:
Escalation Rate:
Earnings Rate:
2.476%
3.30% - 7.91%
None
None
None
1. The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees toremove a facility or site safely from service, and reduce residual radioactivity to levels that permit: (1) release of theproperty for unrestricted use and termination of the license; or (2) release of the property under restricted conditionsand termination of the license.
2. By Order dated October 10, 2008 in PUCT Docket No. 35772, NRG South Texas LP was granted approval toestablish a separate spent fuel management subaccount. By Order dated July 13, 2009 in PUCT Docket No. 36796,NRG South Texas LP was granted approval to establish a separate subaccount for pre-shutdown disposal of largecomponents. The amounts allocable to the spent fuel management and pre-shutdown disposal subaccounts are notincluded in the reported amount. The reported amount includes funds accumulated based upon a site-specific studythat includes license termination and other costs.
3. Target amounts to be collected were established by the PUCT-approved separate non-bypassable decommissioningcharges established in PUCT Tariff Control No. 41941. Actual collections will vary but the charges are intended toproduce the targeted annual collection amounts established in PUCT Docket No. 41580. All current collections arebeing deposited in the large component disposal subaccount.
ATTACHMENT 2
SOUTH TEXAS PROJECT
FINANCIAL ASSURANCE FOR DECOMMISSIONING
2015 UPDATE
CITY PUBLIC SERVICE BOARD OF SAN ANTONIO
Attachment 2NOC-AE-1 5003219Page 1 of 4
FINANCIAL ASSURANCE FOR DECOMMISSIONINGCity Public Service (CPS) Board of San Antonio
12% Ownership of South Texas Project Unit 1
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendaryear basis, beginning on March 31, 1999, and every two years thereafter, on the status of itsdecommissioning funding for each reactor or share of reactor it owns. The requested information is providedbelow.
1. Minimum decommissioning fund estimate,pursuant to 10 CFR 50.75(b) and (c)1 :
2. Amount accumulated at the end of the calendaryear preceding the date of the report for itemsincluded in 10 CFR 50.75(b) and (c):
3. Schedule of the annual amounts remaining to becollected for items in 10 CFR 50.75(b) and (c):
4. Assumptions used regarding escalation indecommissioning cost, rates of earnings ondecommissioning funds, and rates of otherfactors used in funding projections:
5. Contracts upon which the licensee is relyingpursuant to 10 CFR 50.75(e)(1)(v):
6. Modifications to a licensee's current methodproviding financial assurance occurring since thelast submitted report:
7. Material changes to trust agreements:
Total Required: $62,027,313
$39,867,468Amount Accumulated 2:
Amount Remaining 3 : $0
13Number of Years to Collect:
Escalation Rate:
Earnings Rate:
2.471%
4.35%
None
None
No changes since 2013 report was submitted.
1. The NRC formulas in 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove afacility or site safely from service, and reduce residual radioactivity to levels that permit: (1) release of the propertyfor unrestricted use and termination of the license; or (2) release of the property under restricted conditions andtermination of the license. The cost of dismantling or demolishing non-radiological systems and structures is notincluded in NRC decommissioning cost estimates. The costs of managing and storing spent fuel on site untiltransfer to the Department of Energy are not included in the cost formulas.
2. By Order dated November 20, 2008 in PUCT Docket No. 35786, CPS Energy was granted approval to establishseparate spent fuel management and pre-shutdown activities subaccounts. The amounts allocable to thesesubaccounts are not included in the reported amount. The reported amount includes funds accumulated basedupon a site-specific study that includes license termination and other costs.
3. CPS Energy estimates that the Trust is currently fully funded, based on the 2012 decommissioning cost study andupdated escalation rates. Additional contributions ended December 31, 2008. If future estimates indicate thatfurther funding may be required, CPS Energy would be able to apply to the PUCT to seek further funding for NRClicense termination costs through cost-of-service recovery authorized by Texas law.
Attachment 2NOC-AE-1 5003219Page 2 of 4
FINANCIAL ASSURANCE FOR DECOMMISSIONINGCity Public Service (CPS) Board of San Antonio28% Ownership of South Texas Project Unit 1
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendaryear basis, beginning on March 31, 1999, and every two years thereafter, on the status of itsdecommissioning funding for each reactor or share of reactor it owns. The requested information is providedbelow.
1. Minimum decommissioning fund estimate,pursuant to 10 CFR 50.75(b) and (c)1 :
2. Amount accumulated at the end of the calendaryear preceding the date of the report for itemsincluded in 10 CFR 50.75(b) and (c):
3. Schedule of the annual amounts remaining to becollected for items in 10 CFR 50.75(b) and (c):
4. Assumptions used regarding escalation indecommissioning cost, rates of earnings ondecommissioning funds, and rates of otherfactors used in funding projections:
5. Contracts upon which the licensee is relyingpursuant to 10 CFR 50.75(e)(1)(v):
6. Modifications to a licensee's current methodproviding financial assurance occurring since thelast submitted report:
7. Material changes to trust agreements:
Total Required:
Amount Accumulated 2:
$144,730,396
$110,081,798
Amount Remaining 3 :
Number of Years to Collect:
Escalation Rate:
Earnings Rate:
$0
13
2.471%
5.41%
None
None
No changes since 2013 report was submitted.
1. The NRC formulas in 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove afacility or site safely from service, and reduce residual radioactivity to levels that permit: (1) release of the propertyfor unrestricted use and termination of the license; or (2) release of the property under restricted conditions andtermination of the license. The cost of dismantling or demolishing non-radiological systems and structures is notincluded in NRC decommissioning cost estimates. The costs of managing and storing spent fuel on site untiltransfer to the Department of Energy are not included in the cost formulas.
2. Consistent with the approach taken for its 12% interest in the Order dated November 20, 2008, in PUCT Docket No.35786, CPS Energy has established separate spent fuel management and pre-shutdown activity subaccounts. Theamounts allocable to these subaccounts are not included in the reported amount. The reported amount includesfunds accumulated based upon a site-specific study that includes license termination and other costs.
3. CPS Energy estimates that the Trust is currently fully funded, based on the 2012 decommissioning cost study andupdated escalation rates. Additional contributions ended January 31, 2008. If future estimates indicate that furtherfunding may be required, CPS Energy would be able to exercise its rate setting authority to collect and accumulatefurther funds for NRC license termination costs.
Attachment 2NOC-AE-1 5003219Page 3 of 4
FINANCIAL ASSURANCE FOR DECOMMISSIONINGCity Public Service (CPS) Board of San Antonio
12% Ownership of South Texas Project Unit 2
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendaryear basis, beginning on March 31, 1999, and every two years thereafter, on the status of itsdecommissioning funding for each reactor or share of reactor it owns. The requested information is providedbelow.
1. Minimum decommissioning fund estimate,pursuant to 10 CFR 50.75(b) and (c)1 :
2. Amount accumulated at the end of the calendaryear preceding the date of the report for itemsincluded in 10 CFR 50.75(b) and (c):
3. Schedule of the annual amounts remaining to becollected for items in 10 CFR 50.75(b) and (c):
4. Assumptions used regarding escalation indecommissioning cost, rates of earnings ondecommissioning funds, and rates of otherfactors used in funding projections:
5. Contracts upon which the licensee is relyingpursuant to 10 CFR 50.75(e)(1)(v):
6. Modifications to a licensee's current methodproviding financial assurance occurring since thelast submitted report:
7. Material changes to trust agreements:
Total Required: $62,027,313
$53,467,192Amount Accumulated 2 :
Amount Remaining 3: $0
14Number of Years to Collect:
Escalation Rate:
Earnings Rate:
2.476%
4.35%
None
None
No changes since 2013 report was submitted.
1. The NRC formulas in 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove afacility or site safely from service, and reduce residual radioactivity to levels that permit: (1) release of the propertyfor unrestricted use and termination of the license; or (2) release of the property under restricted conditions andtermination of the license. The cost of dismantling or demolishing non-radiological systems and structures is notincluded in NRC decommissioning cost estimates. The costs of managing and storing spent fuel on site untiltransfer to the Department of Energy are not included in the cost formulas.
2. By Order dated November 20, 2008 in PUCT Docket No. 35786, CPS Energy was granted approval to establishseparate spent fuel management and pre-shutdown activities subaccounts. The amounts allocable to thesesubaccounts are not included in the reported amount. The reported amount includes funds accumulated basedupon a site-specific study that includes license termination and other costs.
3. CPS Energy estimates that the Trust is currently fully funded, based on the 2012 decommissioning cost study andupdated escalation rates. Additional contributions ended December 31, 2008. If future estimates indicate thatfurther funding may be required, CPS Energy would be able to apply to the PUCT to seek further funding for NRClicense termination costs through cost-of-service recovery authorized by Texas law.
Attachment 2NOC-AE-1 5003219Page 4 of 4
FINANCIAL ASSURANCE FOR DECOMMISSIONINGCity Public Service (CPS) Board of San Antonio28% Ownership of South Texas Project Unit 2
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendaryear basis, beginning on March 31, 1999, and every two years thereafter, on the status of itsdecommissioning funding for each reactor or share of reactor it owns. The requested information is providedbelow.
1. Minimum decommissioning fund estimate,pursuant to 10 CFR 50.75(b) and (c)':
2. Amount accumulated at the end of the calendaryear preceding the date of the report for itemsincluded in 10 CFR 50.75(b) and (c):
3. Schedule of the annual amounts remaining to becollected for items in 10 CFR 50.75(b) and (c):
4. Assumptions used regarding escalation indecommissioning cost, rates of earnings ondecommissioning funds, and rates of otherfactors used in funding projections:
5. Contracts upon which the licensee is relyingpursuant to 10 CFR 50.75(e)(1)(v):
6. Modifications to a licensee's current methodproviding financial assurance occurring since thelast submitted report:
7. . Material changes to trust agreements:
Total Required:
Amount Accumulated 2 :
$144,730,396
$131,558,684
Amount Remaining3 : $0
14Number of Years to Collect:
Escalation Rate:
Earnings Rate:
2.476%
5.41%
None
None
No changes since 2013 report was submitted.
1. The NRC formulas in 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove afacility or site safely from service, and reduce residual radioactivity to levels that permit: (1) release of the propertyfor unrestricted use and termination of the license; or (2) release of the property under restricted conditions andtermination of the license. The cost of dismantling or demolishing non-radiological systems and structures is notincluded in NRC decommissioning cost estimates. The costs of managing and storing spent fuel on site untiltransfer to the Department of Energy are not included in the cost formulas.
2. Consistent with the approach taken for its 12% interest in the Order dated November 20, 2008, in PUCT Docket No.35786, CPS Energy has established separate spent fuel management and pre-shutdown activity subaccounts. Theamounts allocable to these subaccounts are not included in the reported amount. The reported amount includesfunds accumulated based upon a site-specific study that includes license termination and other costs.
3. CPS Energy estimates that the Trust is currently fully funded, based on the 2012 decommissioning cost study andupdated escalation rates. Additional contributions ended January 31, 2008. If future estimates indicate that furtherfunding may be required, CPS Energy would be able to exercise its rate setting authority to collect and accumulatefurther funds for NRC license termination costs.
ATTACHMENT 3
SOUTH TEXAS PROJECT
FINANCIAL ASSURANCE FOR DECOMMISSIONING
2015 UPDATE
CITY OF AUSTIN - AUSTIN ENERGY
Attachment 3NOC-AE-1 5003219Page 1 of 2
FINANCIAL ASSURANCE FOR DECOMMISSIONINGCity of Austin - Austin Energy
16% Ownership of South Texas Project Unit I
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendaryear basis, beginning on March 31, 1999, and every two years thereafter, on the status of itsdecommissioning funding for each reactor or share of reactor it owns. The requested information is providedbelow.
1. Minimum decommissioning fund estimate,pursuant to 10 CFR 50.75(b) and (c)1 :
2. Amount accumulated at the end of the calendaryear preceding the date of the report for itemsincluded in 10 CFR 50.75(b) and (c) 2:
3. Schedule of the annual amounts remaining to becollected for items in 10 CFR 50.75(b) and (c):
4. Assumptions used regarding escalation indecommissioning cost, rates of earnings ondecommissioning funds, and rates of otherfactors used in funding projections:
5. Contracts upon which the licensee is relyingpursuant to 10 CFR 50.75(e)(1)(v)
6. Modifications to a licensee's current methodproviding financial assurance occurring since thelast submitted report:
7. Material changes to trust agreements:
Total Required:
Amount Accumulated:
Amount Remaining:
Number of Years to Collect:
$82,615,898
$61,470,759
$23,328,763
13
Escalation Rate:
Earnings Rate:
4.918%
5.073%
None
None
None
1. The NRC formulas in 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove afacility or site safely from service, and reduce residual radioactivity to levels that permit: (1) release of the propertyfor unrestricted use and termination of the license; or (2) release of the property under restricted conditions andtermination of the license. The cost of dismantling or demolishing non-radiological systems and structures is notincluded in NRC decommissioning cost estimates. The costs of managing and storing spent fuel on site untiltransfer to Department of Energy are not included in the cost formulas.
2. On October 1, 2008, an accounting division of the Decommissioning Trust balance was recorded to reflect thedivision of costs as referenced in footnote 1.
Attachment 3NOC-AE-1 5003219Page 2 of 2
FINANCIAL ASSURANCE FOR DECOMMISSIONINGCity of Austin - Austin Energy
16% Ownership of South Texas Project Unit 2
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendaryear basis, beginning on March 31, 1999, and every two years thereafter, on the status of itsdecommissioning funding for each reactor or share of reactor it owns. The requested information is providedbelow.
1. Minimum decommissioning fund estimate,pursuant to 10 CFR 50.75(b) and (c)1:
2. Amount accumulated at the end of the calendaryear preceding the date of the report for itemsincluded in 10 CFR 50.75(b) and (c) 2:
3. Schedule of the annual amounts remaining to becollected for items in 10 CFR 50.75(b) and (c):
4. Assumptions used regarding escalation indecommissioning cost, rates of earnings ondecommissioning funds, and rates of otherfactors used in funding projections:
5. Contracts upon which the licensee is relyingpursuant to 10 CFR 50.75(e)(1)(v):
6. Modifications to a licensee's current methodproviding financial assurance occurring since thelast submitted report:
7. Material changes to trust agreements:
Total Required:
Amount Accumulated:
Amount Remaining:
Number of Years to Collect:
$82,615,898
$68,956,723
$19,957,350
14
Escalation Rate:
Earnings Rate:
4.918%
5.073%
None
None
None
1. The NRC formulas in 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove afacility or site safely from service, and reduce residual radioactivity to levels that permit: (1) release of the propertyfor unrestricted use and termination of the license; or (2) release of the property under restricted conditions andtermination of the license. The cost of dismantling or demolishing non-radiological systems and structures is notincluded in NRC decommissioning cost estimates. The costs of managing and storing spent fuel on site untiltransfer to the Department of Energy are not included in the cost formulas.
2. On October 1, 2008, an accounting division of the Decommissioning Trust balance was recorded to reflect thedivision of costs as referenced in footnote 1.
Recommended