ML112371902

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2010 DFS Report Analysis for San Onofre Nuclear Generating Station, Unit 3
ML112371902
Person / Time
Site: San Onofre Southern California Edison icon.png
Issue date: 11/14/2011
From: Szabo A
Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112371902 (5)


Text

Datasheet 1 Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Secondary Review:

Kosmas Lois 7/8/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1

2

% Owned:

Category:

76.35%

1 20.00%

1 1.86%

1 1.79%

1 3

4 4.38%

2.78%

1.60%

N N

Y Y

N N

5 6

Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Plant name:

San Onofre Nuclear Generating Station, Unit 3 50-362 RAI Needed (Y/N)

PUC Verified (Y/N)

$331,600,000 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):

Escalation Rate1 Allowed through Decom (Y/N)

City of Anaheim City of Riverside Y

$470,900,000 The total amount of dollars accumulated at the end of the appropriate year: (see below)

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 Earnings1 Allowed through Decom (Y/N)

Rate(s) of Other Factors

$1,651,200,000 Real Rate of Return PUC Verified (Y/N)

$61,600,000 Total Trust Fund Balance Licensee:

$1,223,800,000 Amount in Trust Fund:

N Any material changes to trust agreements? (Y/N)

N

$34,200,000 Post-RAI Rates Determined (Y/N)

San Diego Gas & Electric 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)

Southern California Edison 1 Used composite escalation and rate of return on earnings to calculate real rate of return.

Datasheet 2 Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Secondary Review:

Kosmas Lois 7/8/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 11 PWR 3438

$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 76.35%

1 20.00%

1 1.86%

1 1.79%

1 2%

11.87 See Annuity Sheet See Annuity Sheet 2%

7

$2,265,678,306 NO Shortfall:

YES Does Licensee Pass:

Does Licensee Pass:

YES Total of Steps 1 thru 3:

See Annuity Sheet Number of Annual Payments:

Accumulation:

Step 2:

Earnings Credit:

$1,651,200,000 Decom Period:

See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:

$1,651,200,000 Total Step 1 + Step 2

$2,108,896,932

$156,781,374 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 Southern California Edison San Diego Gas & Electric City of Anaheim

$21,131,460

$227,220,000 Total Annuity:

Step 3:

$331,600,000

$1,223,800,000 Amount in Trust Fund:

$20,043,027 Total Earnings:

$2,088,853,905 Real Rate of Return per year Fx Site Specific:

$1,136,100,000 Total Step 2:

2

$20,336,190 Years Left in License N/A

$34,200,000 Real Rate of Return per year Does Licensee Pass:

YES

$61,600,000 See Total Step 2

$2,108,896,932 Years remaining after annuity Px 50-362 15 31 Termination of Operations:

2022 1986$

Day Base Fx Plant name:

Value of Annuity per year (amount/See Annuity Sheet)

Licensee:

$867,412,350 NRC Minimum:

$472,584,981 City of Riverside Trust Fund Balance:

Step 1:

Bx Ex Lx ECI Base Lx Base Px 2010 Year:

San Onofre Nuclear Generating Station, Unit 3 Docket Number:

Date of Operation:

Latest Month Fx

Datasheet 2 Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Secondary Review:

Kosmas Lois 7/8/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 11 50-362 15 31 Termination of Operations:

2022 Day Plant name:

2010 Year:

San Onofre Nuclear Generating Station, Unit 3 Docket Number:

Date of Operation:

2.00%

11.87 2.00%

11.87 2.00%

11.87 2.00%

11.87

$2,088,853,905 See Annuity Sheet See Annuity Sheet 2.00%

7 Accumulation:

Value of Annuity per year Southern California Edison Total Annuity:

Number of Annual Payments:

Step 5:

$1,548,170,669 If licensee is granted greater than 2% RRR Real Rate of Return Years Left in Trust Fund Balance:

Total Earnings:

YES

$156,781,374 Total Step 5 Total of Steps 4 thru 6:

$2,265,678,306 Does Licensee Pass:

Total Earnings:

N/A 2

$2,108,896,932 See Annuity Sheet See Total Step 4 Decom Period:

Step 6:

$2,108,896,932 See Total Step 4 Does Licensee Pass:

Real Rate of Return per year YES Total Step 4 + Step 5 Total Earnings for Decom:

Decom Period:

Total Annuity Total Earnings:

Licensee Real Rate of Return per year Shortfall:

NO Real Rate of Return per year Years remaining after annuity

$20,043,027 Earnings Credit:

Step 4:

Does Licensee Pass:

$1,223,800,000 YES San Diego Gas & Electric

$331,600,000

$419,491,252

$61,600,000

$77,927,205

$34,200,000

$43,264,779 City of Anaheim City of Riverside

Datasheet 2 Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Secondary Review:

Kosmas Lois 7/8/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 11 15 2022 Year Annuity:

2011

$8,000,000 2%

$10,120,737 2012

$8,000,000 2%

$9,922,291 Total:

$20,043,027 ANNUITY Total Accumulation Termination of Operations:

Real Rate of Return:

Datasheet 2 Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Secondary Review:

Kosmas Lois 7/8/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 11 15 2022 ANNUITY Termination of Operations:

Year Annuity:

2011

$8,000,000 2.00%

$10,120,737 2012

$8,000,000 2.00%

$9,922,291 Total:

$20,043,027 If licensee is granted greater than 2% RRR Real Rate of Return:

Total Accumulation