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MN Triennial Nuclear Decommissioning

Minnesota Triennial Nuclear Decommissioning

Cost analysis and accrual necessary to fund used fuel storage and decommissioning of the Monticello and Prairie Island nuclear generating plants.

The Triennial Nuclear Decommissioning filing estimates what it will cost to decontaminate and remove the nuclear facilities at the end of the operating lives of the nuclear plants. The amount of an expense to accrue annually is then determined to accumulate a fund sufficient to pay the decommissioning costs when incurred. Our study indicates and recommends the Commission approve an annual accrual of approximately $13.6 million starting January 1, 2013; and apply a portion of future settlement payments received from the Department of Energy (“DOE”) to the accrual, eliminating the need to begin charging ratepayers to fund the deficit, and crediting the remainder of the Settlement funds to customers.  The Company requests January 1, 2013 as the effective date for the proposed accrual amounts.

For hard copy, contact

cynthia.d.harrington(at)xcelenergy.com