ML020990123
| ML020990123 | |
| Person / Time | |
|---|---|
| Site: | Seabrook  |
| Issue date: | 03/27/2002 |
| From: | Judd H Accion Group |
| To: | Office of Nuclear Reactor Regulation |
| References | |
| Download: ML020990123 (4) | |
Text
Sccion Group b -44 To:
NDFC Docket 2002-1 Service List From: Harold T. Judd, NDFC Counsel Re:
Corrections to Schedules of Payment Date: March 27, 2002 Enclosed you will find two pages, each with the heading "Seabrook Station Decommissioning Cost Projections, Summary Paige for Totals of All Owners". These are replacements for the Summary Page provided as page 126 of March,2002 Seabrook Station Decommissioning Update, and the Summary Page of the supplemental Schedule of Payments, provided by North Atlantic on March 19, 2002.
These pages are provided as substitutes for the originals you received previously.
The only difference between the enclosed pages and the originals is in the statement of assumptions, found in the lower right-hand corner. The actual schedules remain unchanged.
Please call if you have any question about these substitute pages.
244 North Main Street e The Carriage House
- Concord, NH 03301-5041
- Phone: 603-229-1644
- Fax: 603-225-4923
- email: advisors@acciongroup.com
SEABROOK STATION DECOMMISSIONING COST PROJECTIONS Summary Page for Totals of All Owners Year End 12/31 12131/93 12/31/94 12131/95 12/31/96 12131/97 12/31/98 12/31/99 12t31/00 12/31/01 12/31/02 12131/03 12/31/04 12131/05 12131/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/31/12 12131/13 12/31/14 12131/15 12/31/16 12131/17 12131/18 12/31/19 12131/20 12/31/21 12131/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 12131/28 12/31/29 12/31/30 12131/31 12/31/32 12/31/33 12/31/34 12/31/35 12/31/36 12/31/37 12/31/38 12/31/39 12/31/40 12/31/41 12/31/42 12/31/43 12/31/44 12/31/45 12/31/46 Contributions Total 17,507,244 19,686,006 20,473,446 21,292,384 22,144,079 12,962,436 13,480,934 14,020,171 14,580,978 15,164,217 15,770,786 16,401,617 17,057.682 17,739,989 15,890,339 16,525,952 17,186,990 17,874,470 18,589,449 19,333.027 20,106,348 20,910,602 21,747,026 22,616,907 13,720,923 Fees/Ex.penses Total 2,400,734 2,844,297 3,343,154 3,893,480 4,499,922 5,081,385 5,622,225 6,213,550 6,855,529 7,556.747 8,336,721 9,166,001 10,070,393 11,042,121 12,077,302 13,227,864 14,462,041 15,807,375 17,264,250 18,845,318 20,552,146 20,273,172 38,491,761 45,020,426 85,409,024 341,110,709 351,120,847 335,568,039 345,097,087 319,202,979 182,113,761 144,327,422 26,647,372 19,466,713 20,392,702 21,273,336 22,241,632 23,254,292 24,368,408 25,420,358 26,578,373 27,789,229 29,122,892 49,847,608 456,969,055 Annual Earnings Total 15,082,454 18,015,840 21,322,241 24,976,900 29,012,298 32,958,970 36,778,633 40,972,525 45,552,139 50,575,588 56,143,530 62,143,614 68,715,395 75,840,478 83,396,238 91,648,770 100,572,560 110,332,588 120,954,689 132,530,974 132,761,367 130,766,531 126,064,304 118,694,106 108,224,224 103,625,099 90,547,766 76,809,934 62,459,263 47,645,362 36,262,725 29,216,439 25,922,006 26,119,369 26,519,433 26,893,049 27.237,655 27,547,630 27,816,817 28,041,172 28,217,003 28,336,608 28,391,597 27,870,188 16,093,662 1
442,783,999 3,180,269,751 1 2,625,609,735 1
1 Balances Total 42,604,093 55,340,641 71,541,311 94,399,829 124,925,920 145,720,360 162,516,615 192,705,580 227,563,129 266,015,662 308,391,466 355,047,921 395,887,942 440,525,284 489.304;430 542,582,018 600,765,076 664,342,671 733,721,901 809,424,585 891,962,932 979,172,206 1,074,119,065 1,177,416,574 1,289,816,256 1,412,096,143 1,545,114,826 1,677,430,394 1,808,834,355 1,918,153,925 2,014,444,511 2,050,828,353 1,813,342,743 1,552,769,661 1,294,011,557 1,011,373,733 739,816,116 593,965,079 478,854,096 478,128,730 484,781,386 490,908,118 496,527,831 501,523.854 505,817,193 509,265,601 511,886,415 513,525,046 514,072,425 513,341,130 491,363,709 50,488,317 Target Cost 555,537,770 584,703,503 615,400,437 647,708,960 681,713,680 717,503,648 755,172,590 794,819,151 836,547,156 880,465,882 926,690,341 975,341,584 1,026,547,017 1,080,440,735 1,137,163,874 1,196,864,977 1,259,700,388 1,325,834,659 1,395,440,978 1,468,701,630 1,545,808,465 1,626,963,410 1,712,378,989 1,802,278,886 1,877,584,520 1,949,053,715 1,981,306,388 1,750,305,483 1,495,126,573 1,240,606,975 961,011,018 691,258,590 546,256,544 431.409,913 430,661,589 437,263,788 443,326,047 448,868,218 453,770,400 457,950,118 461,261,357 463,717,669 465,160,543 465,476,797 464,474,648 442,143,337 (0)
Ownership:
100.00%
Share of Decommissioning Cost:
As of 12/3112000
$555,537,770 Pre-Tax Tax Fund Return Rate 1A 7.64%
20.00%
"1B 10.76%
20.00%
2 7.64%
0.00%
3 6.08%
0.00%
4 4.83%
0.00%
5 10.76%
0.00%
Total Inflation Rates Core 4.00%
Decommissioning 5.25%
Run K:\\Clients\\NaesWlOdeling\\2002 Runs[NAESCO 2026 2026 Change 2007 Ex GB.x[s]SL No topoff in 2002, funding for all but GB through 2026 Decom Begins 2026 Accelerated funding through 2006 Target costs equal to $555.5 in 2001 dollars Used 5.25% escalation factor New fund balances and elections Escalating annual contributions 5 Year phaseout prior to shutdown Final payment in 2046
-Run on 03/07/02
SEABROOK STATION DECOMMISSIONING COST PROJECTIONS Summary Page for Totals of All Owners Year End I Contributions I Fees/Expenses I Annual Earnings 12/31 12/31/93 12/31/94 12/31/95 12/31/96 12/31/97 12131/98 12131/99 12131/00 12/31/01 12/31/02 12/31/03 12131/04 12/31/05 12/31/06 12131/07 12/31/08 12131/09 12/31/10 12/31/11 12131/12 12/31/13 12131/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12131/23 12131/24 12131/25 12/31/26 12/31/27 12/31/28 12/31/29 12/31/30 12/31/31 12/31/32 12131/33 12/31/34 12131/35 12/31/36 12/31/37 12131/38 12131/39 12/31/40 12131/41 12/31/42 12131/43 12/31/44 12131/45 12/31146 Total 17,507,244 14,235,669 14,805.095 15,397,299 16,013,191 8,624,201 8,969,169 9,327,936 9,701,053 10,089,096 10,492,659 10,912,366 11,348,860 11,802,815 12,274,927 12,765,924 13,276,561 13.807,624 14,359,929 14,934,326 15,531,699 16,152,967 16,799,086 17,471,049 10,599,103 Total 2,400,734 3,833,973 4,309,984 4,812,411 5,363,018 5,924,586 6,471,545 7,054,448 7,697,907 8,395,142 9,152,873 9,972,508 10,844,333 11,798,299 12,834,559 13,941,266 15,132,544 16,444,683 17,862,432 19,374,545 21,008,634 20,638,655 38,764,198 45,198,325 85,507,727 341,162,227 351,165,504 335,605,924 345,128,729 319,228,582 182,134,095 144,344,747 26,662,406 19,481,126 20,406,217 21,286,268 22,253,934 23,265,918 24,379,309 25,430,485 26,587,678 27,797,664 29,130,409 49,854,160 456,974,418 Total 15,082,454 23,473,394 26,648,111 30,049,484 33,790,809 37,590,867 41,361,496 45,423,858 49,903,917 54,784,695 60,112,399 65,907,033 72,144,889 78,983,440 86,444,215 94,497,967 103,236,261 112,855,008 123,315,110 134,602,126 134,413,428 132,066,332 126,953,320 119,109,985 108,160,784 103,383,975 90,330,326 76,623,040 62,305,677 47,532,797 36,192,844 29,168,828 25,892,659 26,087,347 26,483,185 26,852,482 27,192,660 27,498,124 27,762,730 27,982,465 28,153,638 28,268,581 28,318,933 27,792,958 16,016,168 Balances Total 42,604,093 55,340,641 71,541,311 94,399,829 124,925,920 145,720,360 162,516,615 251,419,531 284,983,333 321,802,816 362.100,499 406,191,325 446,481,808 490,340,928 538,038,274 589,945,337 646,423,985 707,876,171 774,723,063 847,372,480 926,360,436 1,012,245,020 1,105,567,645 1.206,947,924 1,317,165,872 1,436,978,478 1,567,140,385 1,696,076,879 1,823,657,523 1,928,645,730 2,020,028,439 2,053,148,824 1,815,370,572 1,554,535,394 1,295,552,510 1,012,729,458 741,033,673 595,092,423 479,916,504 479,146,758 485,752,979 491,829,946 497,396,160 502.334,886 506,567,092 509,950,513 512,502,493 514,068,453 514,539,370 513,727,894 491,666,692 50,708,441 Target Cost 555,537.770 584,703.503 615,400,437 647,708,960 681,713,680 717.503,648 755,172,590 794,819,151 836,547,156 880,465,882 926.690,341 975.341,584 1,026,547,017 1,080,440,735 1,137,163,874 1,196,864,977 1,259,700,388 1,325.834,659 1,395,440,978 1,468,701,630 1,545.808,465 1,626.963,410 1,712,378,989 1,802,278,886 1,877,584,520 1,949.053,715 1,951,306,388 1,750,305,483 1,495,126,573 1,240,606,975 961,011,018 691,258,590 546,256,544 431,409,913 430,661,589 437,263,788 443,326,047 448,868,218 453,770,400 457,950,118 461,261,357 463,717,669 465,160,543 465,476,797 464,474,648 442,143,337 (0) 327,199,851 3,197,019,130 2,700,750,802 Ownership:
100.00%
Share of Decommissioning Cost:
As of 12/31/2000
$555,537,770 Inflation Rates Core 4.00%
Decommissioning5.5 Run K:\\Chients\\Nees\\ModelingO002 Runs\\[NAESCO 2026 2026 Change 2007 NRC Topoffl 2002 NRC Topoff Decom Begins 2026 Accelerated funding through 2006 Target costs equal to $555.5 in 2001 dollars Used 5.25% escalation factor New fund balances and elections Escalating annual contributions 5 Year phaseout prior to shutdown Final payment in 2046
-Run on 03/01/02 Pre-Tax Tax Fund Return Rate 1A 7.64%
20.00%
1B 10.76%
20.00%
2 7.64%
0.00%
3 6.08%
0.00%
4 4.83%
0.00%
5 10.76%
0.00%1 Total I
_I
ccon Group 244 North Main St.
- Concord, NH 03301-5041 (oll, Cit
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DIRECTOR OF NUCLEAR REACTOR REGULATION NUCLEAR REG COMM WASHINGTON DC 20555 11 kill