ML112380032

2010 DFS Report Analysis Resolution of Potential Shortfall for Prairie Island Nuclear Plant, Unit 1

ML112380032
Person / Time
Site:	Prairie Island
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112380032 (3)

Text

Datasheet 1Initial Review: Kosmas LoisDate: 8/19/2011 Signature: Aaron L. Szabo Date: 8/22/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:100.00%1 3 46.30%2.89%3.41%Y N N 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7Allowed through Decom (Y/N)Total Trust Fund BalancePost-RAIRates Determined (Y/N)Any material changes to trust agreements? (Y/N)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)

N NPlant name:Prairie Island Nuclear Plant, Unit 150-282RAI Needed (Y/N)PUC Verified (Y/N)noneDocket 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 Rate Y$403,497,119The total amount of dollars accumulated at the end of the appropriate year: (see below)

NAssumptions 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 EarningsAllowed through Decom (Y/N)Rate(s) of Other Factors$343,789,857Real Rate of ReturnPUC Verified (Y/N)Xcel EnergyLicensee:$343,789,857Amount in Trust Fund:

Datasheet 2Initial Review: Kosmas LoisDate: 8/19/2011Signature: Aaron L. Szabo Date: 8/22/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 8PWR 1677$89,757,600111.32.080.652.321.676191.4114.23.049250.082.00.132.2530.2212.28% Owned:Category100.00%1 2%22.61 2%2%2%7$577,902,816 NOShortfall:YESDoes Licensee Pass:Does Licensee Pass:YESTotal of Steps 1 thru 3:Number of Annual Payments:Accumulation:Step 2:Earnings Credit:$343,789,857Decom Period:

$0Total AnnuityReal Rate of Return per yearTotal Fund Balance:$343,789,857Total Step 1 + Step 2$537,912,850$39,989,966Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthXcel EnergyTotal Annuity:Step 3:$343,789,857Amount in Trust Fund:

$0Total Earnings:$537,912,850Real Rate of Return per year FxSite Specific:Total Step 2:Years Left in License22.61Real Rate of Return per yearDoes Licensee Pass:YES$0$537,912,850Years remaining after annuity Px50-282 931Termination of Operations:2033 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$403,838,322NRC Minimum:$403,838,322Trust Fund Balance:Step 1: Bx Ex LxECIBase LxBase Px2010Year:Prairie Island Nuclear Plant, Unit 1Docket Number:Date of Operation:Latest Month Fx Datasheet 2Initial Review: Kosmas LoisDate: 8/19/2011Signature: Aaron L. Szabo Date: 8/22/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 850-282 931Termination of Operations:2033DayPlant name:2010Year:Prairie Island Nuclear Plant, Unit 1Docket Number:Date of Operation:3.41%22.613.41%3.41%2.00%7Real Rate of Return per yearAccumulation:Value of Annuity per year$343,789,857Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$733,667,895YESIf licensee is granted greater than 2% RRRYES$54,542,950Total Step 5Total of Steps 4 thru 6:$788,210,845Does Licensee Pass:Total Earnings:22.61 0$733,667,895

$0$0Decom Period:Step 6:$733,667,895

$0Does Licensee Pass:Real Rate of Return per yearYESTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in LicenseShortfall:

NOReal Rate of Return per yearYears remaining after annuity$0Earnings Credit:Step 4: