ML112371777
| ML112371777 | |
| Person / Time | |
|---|---|
| Site: | Palo Verde  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112371777 (4) | |
Text
Datasheet 1 Signature: Michael Purdie and JoAnn Simpson Date: 8/10/2011 Signature: Aaron L. Szabo Date: 8/22/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:
Category:
29.10%
1 17.49%
1 15.80%
1 15.80%
1 10.20%
1 5.91%
1 5.70%
1 3
4 Variable1 Variable1 Variable1 N
Y Y
N N2 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Arizona Public Service Company (APS)
Licensee:
$174,763,000 Amount in Trust Fund:
If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below)
Escalation Rate N
N
$52,638,000 N
Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Any contracts upon which the licensee is relying? (Y/N)
Schedule of the annual amounts remaining to be collected: (provided/none)
Rate of Return on Earnings Allowed through Decom (Y/N)
Rate(s) of Other Factors
$705,035,000 Real Rate of Return PUC Verified (Y/N)
Plant name:
Palo Verde Nuclear Generating Station, Unit 2 50-529 RAI Needed (Y/N)
PUC Verified (Y/N)
$77,020,000 Provided Docket Number:
Did the licensee identify the amount of estimated radiological funds? (Y/N)
The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):
$53,766,000 Y
$469,000,000 The total amount of dollars accumulated at the end of the appropriate year: (see below)
Salt River Project Agricultural Improvement and Power District (SRP) 1 Rates provided are considered variable because the rates are not consistent throughout the licensee(s) and/or years of operation.
2 For EPE, year-to-year rates cannot be determined from the submitted information since they are determined by the FERC, the Public Utility Commission of Texas and the New Mexico Public Regulation commission, which have issued various orders and rules related to decommissioning funding, investment criteria, and/or fund operations.
Allowed through Decom (Y/N)
El Paso Electric Company (EPE)
Public Service Company of New Mexico (PNM)
Southern California Edison Company (SCE)
$51,916,000 Southern California Public Power Authority (SCPPA)
Total Trust Fund Balance
$256,671,000 Post-RAI Rates Determined (Y/N)
Los Angeles Department of Water and Power (LADWP)
$38,261,000 Any material changes to trust agreements? (Y/N)
Datasheet 2 Signature: Michael Purdie and JoAnn Simpson Date: 8/10/2011 Signature: Aaron L. Szabo Date: 8/22/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 4
PWR 3990
$105,000,000 112.5 2.06 0.65 2.32 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28
% Owned:
Category 29.10%
1 17.49%
1 15.80%
1 15.80%
1 10.20%
1 5.91%
1 5.70%
1 2%
15.31 See Annuity Sheet See Annuity Sheet 2%
7
$58,967,832 Bx Ex Lx ECI Base Lx Base Px NRC Minimum:
$472,584,981 Southern California Edison Company (SCE) 2010 Year:
Palo Verde Nuclear Generating Station, Unit 2 Docket Number:
Date of Operation:
Latest Month Fx
$1,114,555,090 Years remaining after annuity Px 50-529 24 31 Termination of Operations:
2026 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$168,231,756 Fx Site Specific:
$578,116,000 Total Step 2:
$34,166,656
$91,342,328 Years Left in License N/A
$256,671,000 Real Rate of Return per year Does Licensee Pass:
YES
$53,766,000
$51,916,000 Los Angeles Department of Water and Power (LADWP)
$0 Total Earnings for Decom:
Decom Period:
Total Earnings:
Real Rate of Return per year Latest Month Px Amount of NRC Minimum/Site Specific:
BWR/PWR MWth Arizona Public Service Company (APS)
Salt River Project Agricultural Improvement and Power District (SRP)
El Paso Electric Company (EPE)
$91,342,328
$101,112,488 Total Annuity:
Step 3:
$77,020,000
$174,763,000 Amount in Trust Fund:
$159,749,302 Total Earnings:
Trust Fund Balance:
$954,805,787 Public Service Company of New Mexico (PNM)
Real Rate of Return per year Total of Steps 1 thru 3:
$52,638,000 See Annuity Sheet Number of Annual Payments:
Southern California Public Power Authority (SCPPA)
Accumulation:
Step 2:
Earnings Credit:
$705,035,000 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$705,035,000 Total Step 1 + Step 2 See Total Step 2 Step 1:
$38,261,000 NO Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
YES
$1,114,555,090
$82,859,184
$1,197,414,273
Datasheet 2 Signature: Michael Purdie and JoAnn Simpson Date: 8/10/2011 Signature: Aaron L. Szabo Date: 8/22/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 4
2010 Year:
Palo Verde Nuclear Generating Station, Unit 2 Docket Number:
Date of Operation:
50-529 24 31 Termination of Operations:
2026 Day Plant name:
Owner APS 2.00%
15.31 SRP 2.00%
EPE 2.0375%
SCE 2.00%
PNM 4.50%
SCPPA 2.00%
LADWP 2.00%
See Annuity Sheet See Annuity Sheet 2.00%
7 Earnings Credit:
Step 4:
Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$167,140,190 Total Annuity 0
YES Total Step 4 + Step 5 Total Earnings for Decom:
Decom Period:
Does Licensee Pass:
$174,763,000
$987,890,389 YES
$77,020,000
$51,916,000
$256,671,000 YES
$85,868,246 Total Step 5 Total of Steps 4 thru 6:
$1,240,898,826 Does Licensee Pass:
Total Earnings:
N/A Does Licensee Pass:
$53,766,000
$52,638,000
$38,261,000 Real Rate of Return per year Accumulation:
Value of Annuity per year Total Annuity:
Real Rate of Return per year Number of Annual Payments:
Step 5:
If licensee is granted greater than 2% RRR Real Rate of Return Years Left in License Trust Fund Balance:
Total Earnings:
$1,155,030,580 See Annuity Sheet See Total Step 4 Decom Period:
Step 6:
$1,155,030,580 See Total Step 4
Datasheet 2 Signature: Michael Purdie and JoAnn Simpson Date: 8/10/2011 Signature: Aaron L. Szabo Date: 8/22/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 4
24 2026 Year Annuity:
Year Annuity:
Year Annuity:
Year Annuity:
Year Annuity:
Year Annuity:
Year Annuity:
2011
$1,193,213 2%
$1,615,980 2011
$1,988,000 2%
$2,692,368 2011
$2,642,412 2%
$3,578,645 2011
$0 2%
$0 2011
$1,659,000 2%
$2,246,800 2011
($1,298,912) 2%
($1,759,130) 2011
($374,230) 2%
($506,823) 2012
$1,193,213 2%
$1,584,295 2012
$2,105,000 2%
$2,794,924 2012
$2,917,665 2%
$3,869,743 2012
$0 2%
$0 2012
$1,659,000 2%
$2,202,746 2012
($1,298,912) 2%
($1,724,637) 2012
($374,230) 2%
($496,886) 2013
$1,193,213 2%
$1,553,230 2013
$2,230,000 2%
$2,902,837 2013
$3,033,222 2%
$3,944,125 2013
$0 2%
$0 2013
$1,659,000 2%
$2,159,554 2013
($1,298,912) 2%
($1,690,820) 2013
($374,230) 2%
($487,143) 2014
$1,193,213 2%
$1,522,774 2014
$2,362,000 2%
$3,014,376 2014
$3,153,356 2%
$4,019,938 2014
$0 2%
$0 2014
$1,659,000 2%
$2,117,210 2014
($1,298,912) 2%
($1,657,667) 2014
($374,230) 2%
($477,591) 2015
$1,193,213 2%
$1,492,916 2015
$2,502,000 2%
$3,130,435 2015
$3,535,811 2%
$4,419,114 2015
$0 2%
$0 2015
$1,659,000 2%
$2,075,696 2015
($1,298,912) 2%
($1,625,164) 2015
($374,230) 2%
($468,227) 2016
$1,193,213 2%
$1,463,643 2016
$2,650,000 2%
$3,250,597 2016
$3,675,850 2%
$4,504,056 2016
$0 2%
$0 2016
$1,659,000 2%
$2,034,996 2016
($1,298,912) 2%
($1,593,298) 2016
($374,230) 2%
($459,046) 2017
$1,193,213 2%
$1,434,944 2017
$2,807,000 2%
$3,375,666 2017
$3,821,436 2%
$4,590,631 2017
$0 2%
$0 2017
$1,659,000 2%
$1,995,094 2017
($1,298,912) 2%
($1,562,057) 2017
($374,230) 2%
($450,045) 2018
$1,193,213 2%
$1,406,808 2018
$2,973,000 2%
$3,505,192 2018
$4,392,538 2%
$5,173,223 2018
$0 2%
$0 2018
$1,659,000 2%
$1,955,975 2018
($1,298,912) 2%
($1,531,428) 2018
($374,230) 2%
($441,220) 2019
$1,193,213 2%
$1,379,224 2019
$3,149,000 2%
$3,639,900 2019
$4,566,509 2%
$5,272,661 2019
$0 2%
$0 2019
$1,659,000 2%
$1,917,623 2019
($1,298,912) 2%
($1,501,400) 2019
($374,230) 2%
($432,569) 2020
$1,193,213 2%
$1,352,180 2020
$3,335,000 2%
$3,779,309 2020
$4,747,370 2%
$5,374,009 2020
$0 2%
$0 2020
$1,659,000 2%
$1,880,022 2020
($1,298,912) 2%
($1,471,961) 2020
($374,230) 2%
($424,087) 2021
$1,193,213 2%
$1,325,667 2021
$3,533,000 2%
$3,925,184 2021
$5,730,719 2%
$6,359,958 2021
$0 2%
$0 2021
$1,659,000 2%
$1,843,159 2021
($1,298,912) 2%
($1,443,099) 2021
($374,230) 2%
($415,772) 2022
$1,193,213 2%
$1,299,673 2022
$3,742,000 2%
$4,075,867 2022
$5,957,690 2%
$6,482,207 2022
$0 2%
$0 2022
$1,659,000 2%
$1,807,019 2022
($1,298,912) 2%
($1,414,803) 2023
$1,193,213 2%
$1,274,190 2023
$3,963,000 2%
$4,231,946 2023
$6,193,650 2%
$6,606,805 2023
$0 2%
$0 2023
$1,659,000 2%
$1,771,587 2023
($1,298,912) 2%
($1,387,062) 2024
$1,193,213 2%
$1,249,205 2024
$4,198,000 2%
$4,394,994 2024
$8,791,549 2%
$9,194,117 2024
$0 2%
$0 2024
$1,659,000 2%
$1,736,850 2024
($1,298,912) 2%
($1,359,864) 2025
$1,193,213 2%
$1,224,711 2025
$4,446,000 2%
$4,563,365 2025
$9,139,748 2%
$9,370,843 2025
$0 2%
$0 2025
$1,659,000 2%
$1,702,794 2025
($1,298,912) 2%
($1,333,200) 2026
$1,193,213 2%
$1,200,697 Total:
$22,380,138 Total:
$53,276,961 Total:
$82,760,076 Total:
$0 Total:
$29,447,125 Total:
($23,055,590)
Total:
($5,059,408)
TOTAL:
$159,749,302 Year Annuity:
Year Annuity:
Year Annuity:
Year Annuity:
Year Annuity:
Year Annuity:
Year Annuity:
2011
$1,193,213 2.00%
$1,615,980 2011
$1,988,000 2%
$2,692,368 2011
$2,642,412 2.0375%
$3,598,849 2011
$0 2%
$0 2011
$1,659,000 4.5%
$3,255,568 2011
($1,298,912) 2%
($1,759,130) 2011
($374,230) 2%
($506,823) 2012
$1,193,213 2.00%
$1,584,295 2012
$2,105,000 2%
$2,794,924 2012
$2,917,665 2.0375%
$3,894,383 2012
$0 2%
$0 2012
$1,659,000 4.5%
$3,115,376 2012
($1,298,912) 2%
($1,724,637) 2012
($374,230) 2%
($496,886) 2013
$1,193,213 2.00%
$1,553,230 2013
$2,230,000 2%
$2,902,837 2013
$3,033,222 2.0375%
$3,967,781 2013
$0 2%
$0 2013
$1,659,000 4.5%
$2,981,221 2013
($1,298,912) 2%
($1,690,820) 2013
($374,230) 2%
($487,143) 2014
$1,193,213 2.00%
$1,522,774 2014
$2,362,000 2%
$3,014,376 2014
$3,153,356 2.0375%
$4,042,562 2014
$0 2%
$0 2014
$1,659,000 4.5%
$2,852,843 2014
($1,298,912) 2%
($1,657,667) 2014
($374,230) 2%
($477,591) 2015
$1,193,213 2.00%
$1,492,916 2015
$2,502,000 2%
$3,130,435 2015
$3,535,811 2.0375%
$4,442,351 2015
$0 2%
$0 2015
$1,659,000 4.5%
$2,729,994 2015
($1,298,912) 2%
($1,625,164) 2015
($374,230) 2%
($468,227) 2016
$1,193,213 2.00%
$1,463,643 2016
$2,650,000 2%
$3,250,597 2016
$3,675,850 2.0375%
$4,526,076 2016
$0 2%
$0 2016
$1,659,000 4.5%
$2,612,434 2016
($1,298,912) 2%
($1,593,298) 2016
($374,230) 2%
($459,046) 2017
$1,193,213 2.00%
$1,434,944 2017
$2,807,000 2%
$3,375,666 2017
$3,821,436 2.0375%
$4,611,379 2017
$0 2%
$0 2017
$1,659,000 4.5%
$2,499,937 2017
($1,298,912) 2%
($1,562,057) 2017
($374,230) 2%
($450,045) 2018
$1,193,213 2.00%
$1,406,808 2018
$2,973,000 2%
$3,505,192 2018
$4,392,538 2.0375%
$5,194,694 2018
$0 2%
$0 2018
$1,659,000 4.5%
$2,392,284 2018
($1,298,912) 2%
($1,531,428) 2018
($374,230) 2%
($441,220) 2019
$1,193,213 2.00%
$1,379,224 2019
$3,149,000 2%
$3,639,900 2019
$4,566,509 2.0375%
$5,292,598 2019
$0 2%
$0 2019
$1,659,000 4.5%
$2,289,267 2019
($1,298,912) 2%
($1,501,400) 2019
($374,230) 2%
($432,569) 2020
$1,193,213 2.00%
$1,352,180 2020
$3,335,000 2%
$3,779,309 2020
$4,747,370 2.0375%
$5,392,348 2020
$0 2%
$0 2020
$1,659,000 4.5%
$2,190,686 2020
($1,298,912) 2%
($1,471,961) 2020
($374,230) 2%
($424,087) 2021
$1,193,213 2.00%
$1,325,667 2021
$3,533,000 2%
$3,925,184 2021
$5,730,719 2.0375%
$6,379,316 2021
$0 2%
$0 2021
$1,659,000 4.5%
$2,096,350 2021
($1,298,912) 2%
($1,443,099) 2021
($374,230) 2%
($415,772) 2022
$1,193,213 2.00%
$1,299,673 2022
$3,742,000 2%
$4,075,867 2022
$5,957,690 2.0375%
$6,499,547 2022
$0 2%
$0 2022
$1,659,000 4.5%
$2,006,077 2022
($1,298,912) 2%
($1,414,803) 2023
$1,193,213 2.00%
$1,274,190 2023
$3,963,000 2%
$4,231,946 2023
$6,193,650 2.0375%
$6,622,043 2023
$0 2%
$0 2023
$1,659,000 4.5%
$1,919,691 2023
($1,298,912) 2%
($1,387,062) 2024
$1,193,213 2.00%
$1,249,205 2024
$4,198,000 2%
$4,394,994 2024
$8,791,549 2.0375%
$9,211,937 2024
$0 2%
$0 2024
$1,659,000 4.5%
$1,837,025 2024
($1,298,912) 2%
($1,359,864) 2025
$1,193,213 2.00%
$1,224,711 2025
$4,446,000 2%
$4,563,365 2025
$9,139,748 2.0375%
$9,385,555 2025
$0 2%
$0 2025
$1,659,000 4.5%
$1,757,918 2025
($1,298,912) 2%
($1,333,200) 2026
$1,193,213 2.00%
$1,200,697 Total:
$22,380,138 Total:
$53,276,961 Total:
$83,061,418 Total:
$0 Total:
$36,536,671 Total:
($23,055,590)
Total:
($5,059,408)
TOTAL:
$167,140,190 ANNUITY Total Accumulation:
If licensee is granted greater than 2% RRR Real Rate of Return:
Total Accumulation:
Termination of Operations:
Real Rate of Return:
APS APS PNM SCE Real Rate of Return:
Total Accumulation:
Real Rate of Return:
Total Accumulation:
SRP EPE Real Rate of Return:
Total Accumulation:
Real Rate of Return:
Total Accumulation:
Total Accumulation:
SCPPA LADWP Real Rate of Return:
Total Accumulation:
Real Rate of Return:
SRP Total Accumulation:
Real Rate of Return:
Total Accumulation:
Real Rate of Return:
Real Rate of Return:
Total Accumulation:
Real Rate of Return:
Total Accumulation:
Real Rate of Return:
EPE SCE PNM SCPPA If licensee is granted greater than 2% RRR If licensee is granted greater than 2% RRR If licensee is granted greater than 2% RRR Real Rate of Return:
Total Accumulation:
Total Accumulation:
LADWP