VERMONT YANKEE Transitioning into SAFSTOR ​SEPTEMBER 2, 2015 Paul Paradis Director Decommissioning

Briefing Outline 1  Introduction ---Announcement, Why was SAFSTOR selected?, VY PSDAR Timeline---  Transitioning the Facility ---People, Process, Projects, Economic Impact---  Current State - What It Looks Like  Lessons Learned / Takeaways

Introduction 2  Announcement on August 27, 2013 to shutdown Vermont Yankee based on economic analyses. Human Resources, Communications and External Affairs implemented pre-planned shutdown announcement plans.  A roadmap based on decommissioning project plans was developed. Transition the Plant Transition the Organization  Key driver in pre-planning is to reduce costs by eliminating requirements no longer applicable for decommissioning and reducing staffing.

Why was SAFSTOR selected? 3 The selection of a preferred decommissioning alternative was influenced by a number of factors at the time of plant shutdown.  Cost of each decommissioning alternative  Minimization of occupational radiation exposure  Availability of low-level waste disposal facilities  Availability of a high-level waste (spent fuel) repository or a Department of Energy (DOE) interim storage facility  Regulatory requirements, and public concerns  In addition, 10 CFR 50.82(a)(3) requires decommissioning to be completed within 60 years of permanent cessation of operations Under the SAFSTOR methodology, the facility is placed in a safe and stable condition and maintained in that state allowing levels of radioactivity to decrease through radioactive decay, followed by decontamination and dismantlement. After the safe storage period, the facility will be decontaminated and dismantled to levels that permit license termination. In accordance with 10 CFR 50.82(a)(9), a license termination plan will be developed and submitted for NRC approval at least two years prior to termination of the license.

Why was SAFSTOR selected? - Funding 4  Updated Cost Estimate to Decommission VYNPS is $1.242 Billion in 2014 dollars for SAFSTOR. Termination of the NRC Operating License - $817 Million Site Restoration - $57 Million Spent Fuel Management - $368 Million  Nuclear Decommissioning Trust (NDT) Fund is currently $664.5 Million (as of December 31, 2014)

VY PSDAR Timeline 5

Transitioning the Facility 6  People – Planning for reduced staffing levels  Process – Developing appropriate regulatory and administrative changes  Projects – Preparing the plant for a period of dormancy  Socio-Economic Impact – Community relations

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Transitioning the Facility - People 8 OperationDormancy PreparationSAFSTOR Site Operation Operation Safety ~630 Personnel Decom Planning Organizations Wet Fuel (Hot) Management ~320 Personnel Wet Fuel (Cool) Management ~150 Personnel Dry Fuel Management ~50 Personnel Defuel Post Defuel E-Plan Fuel in Dry Storage 2 nd ISFSI Pad Needed

Transitioning the Facility - People 9  Morale / Culture  Relocation of Personnel  Skill Sets for the Organization  Attrition Management and Absorption plans  Employee Communication – over communicate and be transparent  Staffing decommissioning planning organization – early separation from operation of the facility and right skill set

Transition the Organization - Process 10  Regulatory Submittals and Engineering Analysis PDEP Adiabatic Heat-up Analysis Other examples and overall numbers  Corporate Structuring Corporate alignment and site engagement are paramount to making the transition successful.  Financial Structuring Cost tracking and cost reduction efforts  Work destruction Change management plans Processes, programs, procedures and activities are continuously reviewed and revised, deleted or maintained during the appropriate SAFSTOR Timeline period.

Transition the Organization - Projects 11  Define SAFSTOR Plant Configuration Habitability Dry Fuel Storage Fuel Pool Cooling Security E-Plan  Plan and schedule system/building abandonment Hazard removal Utility cost reduction  Implement Projects & Modifications Security Improvements Consolidation of personnel Reduction in heating and cooling costs  ISFSI / Spent Fuel Management Spent Fuel Pool Optimization vs. Spent Fuel Pool Island Pad construction Vendor selection Long term facility configuration

Transition the Organization – Socio-Economic Impact 12  Communication Plans  Public Outreach  Impact on the Local Economy  Understanding the audience and communicating on their terms Vydecommissioning.com (web and mobile) SAFSTOR Matters TV

Current State - What It Looks Like 13  Staffing Reductions Attrition Retention Absorption Facility Status Regulatory status Building status – Cold and Dark preps Permit status – Ex: NPDES  Transition to Post-Defueling Emergency Plan Change Management Culture Changes

Current State - What It Looks Like 14 We Are Here

Lessons Learned / Takeaways 15  Culture – From Operations to Dormancy  Spent Fuel Management Planning – Early Decisions  Water Management  Focus on Work Destruction  Stake Holder Management  Use of Consultants and Contractors  Project Management Organization Integration with site and corporate work efforts  Separate Decommissioning Planning from Operations

Summary 16  Learning organization: Gain understanding of decommissioning regulations Extensive benchmarking Check and adjust to regulatory and external influences Developing new processes and leveraging existing  Developed comprehensive decommissioning model for first large scale BWR to transition to SAFSTOR Pre-planning allows for cost-effective transition from operations to SAFSTOR: eliminate requirements, simplify work processes, reduce staffing  Plan on track for SAFSTOR

17 Paul Paradis Director Decommissioning Entergy Vermont Yankee