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{{#Wiki_filter:Datasheet 1Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo
{{#Wiki_filter:Datasheet 1 Plant name:                                Grand Gulf Nuclear Station                                                      Docket Number:                                    50-416 1      The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):                                                                  $609,100,000 Did the licensee identify the amount of estimated radiological funds? (Y/N)                                                                Y 2                  The total amount of dollars accumulated at the end of the appropriate year: (see below)
Licensee:          % Owned: Category:                        Amount in Trust Fund:
SERI              90.00%            1                            $386,200,000 SMEPA              10.00%            1                            $39,400,000 Total Trust Fund Balance          $425,600,000 3      Schedule of the annual amounts remaining to be collected: (provided/none)                                                                            provided 4      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)
Post-RAI Rate of                  Rate(s) of                    PUC                                          RAI        PUC        Allowed          Rates Escalation                Real Rate                    Allowed through Decom Return on                    Other                    Verified                                    Needed      Verified      through      Determined Rate                    of Return                            (Y/N)
Earnings                    Factors                    (Y/N)                                        (Y/N)      (Y/N)      Decom (Y/N)      (Y/N) 1 variable      variable1                  variable1        N                    N                      Y            Y            N              Y 2
5      Any contracts upon which the licensee is relying? (Y/N)                                                                                                  Y 6      Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N)                                                            N 7      Any material changes to trust agreements? (Y/N)                                                                                                          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) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 2
See the Unit Power Sales Agreement, a FERC tariff, in Attachment 2-C; and see also the Availability Agreement, in Attachment 2-C, which includes additional provisions related to decommissioning financial assurance. It is the licensee's position that the Unit Power Sales Agreement is not a 10 CFR §50.75(e)(1)(v)
            "contractual obligation," but, rather a cost of service tariff which may appropriately be used to fund the external sinking fund in accordance with 10 CFR
            §50.75(e)(1)(ii). Out of abundance of caution, the licensee identifies this information here.
Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo                                                                                                                           Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011                                                                                                                                                    Formulas verified by: Clayton Pittiglio


Date: 8/17/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:90.00%110.00%1 3 4variable 1variable 1variable 1 N N Y Y N Y 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 2 See the Unit Power Sales Agreement, a FERC tariff, in Attachment 2-C; and see also the Availability Agreement, in Attachment 2-C, which includes additional provisions related to decommissioning financial assurance. It is the licensee's position that the Unit Power Sales Agreement is not a 10 CFR §50.75(e)(1)(v) "contractual obligation," but, rather a cost of service tariff which may appropriately be used to fund the external sinking fund in accordance with 10 CFR
Datasheet 2 Plant name:                               Grand Gulf Nuclear Station                                        Docket Number:                 50-416 Month:                 Day                    Year:
§50.75(e)(1)(ii). Out of abundance of caution, the licensee identifies this information here.
Date of Operation:                                   12                  31                      2010 Termination of Operations:                                 11                   1                      2024 Latest                  Latest BWR/PWR          MWth          1986$            ECI      Base Lx                      Lx          Px                Base Px    Fx            Base Fx      Ex                Bx Month Px                  Month Fx BWR          3898       $135,000,000        112.8        1.98        0.65        2.23        1.676        191.4    114.2    3.049  250.0    82.0  0.13 2.307 0.22      12.54 NRC Minimum:                              $608,918,683                                Site Specific:
1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommissionIf 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)
Amount of NRC Minimum/Site Licensee:            % Owned:       Category                  Specific:                Amount in Trust Fund:
Escalation Rate NAllowed through Decom (Y/N)
SERI                90.00%             1                  $548,026,815                    $386,200,000 SMEPA                  10.00%             1                   $60,891,868                    $39,400,000 Total Fund Balance:         $425,600,000 Step 1:
Total Trust Fund BalancePost-RAI Rates Determined (Y/N)Any material changes to trust agreements? (Y/N)
Earnings Credit:
N Y 2Plant name:Grand Gulf Nuclear Station50-416RAI Needed (Y/N)PUC Verified (Y/N)$39,400,000providedDocket 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):
Real Rate of Return Years Left Trust Fund Balance:        per year      in License      Total Earnings:         Does Licensee Pass:
Y$609,100,000The total amount of dollars accumulated at the end of the appropriate year: (see below)Any contracts upon which the licensee is relying? (Y/N)Schedule of the annual amounts remaining to be collected: (provided/none)
      $425,600,000               2%            13.83          $559,732,442                  NO Step 2:
Rate of Return on EarningsAllowed through Decom (Y/N)Rate(s) of Other FactorsLicensee:$386,200,000Amount in Trust Fund:$425,600,000 Real Rate of ReturnPUC Verified (Y/N)SMEPASERIAssumptions 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)
Accumulation:
Datasheet 2Signature: Shawn HarwellDate: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:1211BWR 3898$135,000,000112.81.980.652.231.676191.4114.23.049250.082.00.132.3070.2212.54% Owned:Category90.00%110.00%1 2%13.83See Annuity SheetSee Annuity Sheet 2%7$966,454,033 NOShortfall:YESDoes Licensee Pass:Does Licensee Pass:YESTotal of Steps 1 thru 3:See Annuity SheetNumber of Annual Payments:Accumulation:Step 2:Earnings Credit:$425,600,000Decom Period:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Fund Balance:$425,600,000Total Step 1 + Step 2$899,576,935$66,877,099Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthSERISMEPA$60,891,868Total Annuity:Step 3:$39,400,000$386,200,000Amount in Trust Fund:$339,844,492Total Earnings:$559,732,442Real Rate of Return per year FxSite Specific:Total Step 2:Years Left in LicenseN/AReal Rate of Return per yearDoes Licensee Pass:
Value of Annuity per year (amount/See Annuity    Real Rate of Return   Number of Annual Sheet)              per year             Payments:              Total Annuity:
NOSee Total Step 2$899,576,935Years remaining after annuity Px50-416 131Termination of Operations:2024 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$548,026,815NRC Minimum:$608,918,683Trust Fund Balance:Step 1: Bx Ex LxECIBase LxBase Px2010Year:Grand Gulf Nuclear StationDocket Number:Date of Operation:Latest Month Fx Datasheet 2Signature: Shawn HarwellDate: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:121150-416 131Termination of Operations:2024DayPlant name:2010Year:Grand Gulf Nuclear StationDocket Number:Date of Operation:2.00%13.836.00%13.83See Annuity SheetSee Annuity Sheet2.00%7Real Rate of Return per yearAccumulation:Value of Annuity per year$386,200,000Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return Total Earnings:$507,915,106 NOIf licensee is granted greater than 2% RRR$39,400,000$88,224,576Licensee:SMEPASERIYES$69,583,716Total Step 5Total of Steps 4 thru 6:$1,005,567,890Does Licensee Pass:Total Earnings:N/A 0$935,984,175See Annuity SheetSee Total Step 5Decom Period:Step 6:$935,984,175See Total Step 5Does 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 Shortfall:
See Annuity Sheet      See Annuity Sheet                                See Total Step 2 Real Rate of Return Years remaining after Total Annuity            per year                annuity                Total Step 2:
NOReal Rate of Return per yearYears remaining after annuity$339,844,492Earnings Credit:Step 4:
See Total Step 2     See Annuity Sheet            N/A                  $339,844,492 Total Step 1 + Step 2    Does Licensee Pass:
Datasheet 2Signature: Shawn HarwellDate: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 11 1 2024YearAnnuity: 2011$23,785,000 2%$31,282,090 2012$23,785,000 2%$30,668,716 2013$23,785,000 2%$30,067,368 2014$23,785,000 2%$29,477,812 2015$22,285,000 2%$27,077,250 2016$24,550,000 2%$29,244,435 2017$24,550,000 2%$28,671,015 2018$24,550,000 2%$28,108,838 2019$24,550,000 2%$27,557,685 2020$24,550,000 2%$27,017,338 2021$29,878,000 2%$32,236,094 2022$17,429,000 2%$18,435,851 2023$0 2%$0 2024$0 2%$0Total:$339,844,492ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:
                                                                              $899,576,935                  YES Step 3:
Datasheet 2Signature: Shawn HarwellDate: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 11 1 2024ANNUITYTermination of Operations:YearAnnuity: 2011$23,785,0002.00%$31,282,090 2012$23,785,0002.00%$30,668,716 2013$23,785,0002.00%$30,067,368 2014$23,785,0002.00%$29,477,812 2015$22,285,0002.00%$27,077,250 2016$24,550,0002.00%$29,244,435 2017$24,550,0002.00%$28,671,015 2018$24,550,0002.00%$28,108,838 2019$24,550,0002.00%$27,557,685 2020$24,550,0002.00%$27,017,338 2021$29,878,0002.00%$32,236,094 2022$17,429,0002.00%$18,435,851 2023$02.00%$0 2024$02.00%$0Total:$339,844,492If licensee is granted greater than 2% RRRReal Rate of Return:Total Accumulation}}
Decom Period:
Real Rate of Return  Decom        Total Earnings for Total Earnings:          per year         Period:          Decom:
      $899,576,935                2%              7            $66,877,099 Total of Steps 1 thru 3:   Does Licensee Pass:     Shortfall:
                                                                              $966,454,033                  YES                NO Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo                                                                                                                                               Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011                                                                                                                                                                        Formulas verified by: Clayton Pittiglio
 
Datasheet 2 Plant name:                                 Grand Gulf Nuclear Station                                        Docket Number:           50-416 Month:                Day                    Year:
Date of Operation:                                     12                31                      2010 Termination of Operations:                                    11                  1                      2024 If licensee is granted greater than 2% RRR Step 4:
Earnings Credit:
Real Rate   Years Licensee:                  Trust Fund Balance:        of Return   Left in        Total Earnings:      Does Licensee Pass:
SERI                      $386,200,000            2.00%      13.83          $507,915,106                 NO SMEPA                        $39,400,000             6.00%      13.83            $88,224,576 Step 5:
Accumulation:
Real Rate of Return    Number of Annual Value of Annuity per year        per year              Payments:             Total Annuity:
See Annuity Sheet          See Annuity Sheet            0                See Total Step 5 Real Rate of Return  Years remaining after Total Annuity              per year              annuity                Total Step 5 See Total Step 5        See Annuity Sheet            N/A                 $339,844,492 Total Step 4 + Step 5      Does Licensee Pass:
                                                                                $935,984,175                  YES Step 6:
Decom Period:
Real Rate of Return   Decom      Total Earnings for Total Earnings:              per year        Period:         Decom:
      $935,984,175                2.00%              7          $69,583,716 Total of Steps 4 thru 6:    Does Licensee Pass:       Shortfall:
                                                                              $1,005,567,890                YES                  NO Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo                                                                                                                         Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011                                                                                                                                                  Formulas verified by: Clayton Pittiglio
 
Datasheet 2 ANNUITY Termination of Operations:            11             1 2024 Real Rate      Total Year          Annuity: of Return: Accumulation 2011       $23,785,000     2%     $31,282,090 2012       $23,785,000     2%     $30,668,716 2013       $23,785,000     2%     $30,067,368 2014       $23,785,000     2%     $29,477,812 2015       $22,285,000     2%     $27,077,250 2016       $24,550,000     2%     $29,244,435 2017       $24,550,000     2%     $28,671,015 2018       $24,550,000     2%     $28,108,838 2019       $24,550,000     2%     $27,557,685 2020       $24,550,000     2%     $27,017,338 2021       $29,878,000     2%     $32,236,094 2022       $17,429,000     2%     $18,435,851 2023           $0         2%         $0 2024           $0         2%         $0 Total:     $339,844,492 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo                                   Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011                                                          Formulas verified by: Clayton Pittiglio
 
Datasheet 2 ANNUITY Termination of Operations:                    11             1 2024 If licensee is granted greater than 2% RRR Real Rate      Total Year          Annuity:      of Return: Accumulation 2011       $23,785,000        2.00%     $31,282,090 2012       $23,785,000        2.00%     $30,668,716 2013       $23,785,000        2.00%     $30,067,368 2014       $23,785,000        2.00%     $29,477,812 2015       $22,285,000        2.00%     $27,077,250 2016       $24,550,000        2.00%     $29,244,435 2017       $24,550,000        2.00%     $28,671,015 2018       $24,550,000        2.00%     $28,108,838 2019       $24,550,000        2.00%     $27,557,685 2020       $24,550,000        2.00%     $27,017,338 2021       $29,878,000        2.00%     $32,236,094 2022       $17,429,000        2.00%     $18,435,851 2023             $0            2.00%         $0 2024             $0            2.00%         $0 Total:     $339,844,492 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo                                          Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011                                                                  Formulas verified by: Clayton Pittiglio}}

Revision as of 15:39, 12 November 2019

2010 DFS Report Analysis for Grand Gulf Nuclear Station
ML112370012
Person / Time
Site: Grand Gulf Entergy 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: ML112370012 (5)
v • d • e


Text

Datasheet 1 Plant name: Grand Gulf Nuclear Station Docket Number: 50-416 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $609,100,000 Did the licensee identify the amount of estimated radiological funds? (Y/N) Y 2 The total amount of dollars accumulated at the end of the appropriate year: (see below)

Licensee:  % Owned: Category: Amount in Trust Fund:

SERI 90.00% 1 $386,200,000 SMEPA 10.00% 1 $39,400,000 Total Trust Fund Balance $425,600,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) provided 4 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)

Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)

Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 1 variable variable1 variable1 N N Y Y N Y 2

5 Any contracts upon which the licensee is relying? (Y/N) Y 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) 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) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 2

See the Unit Power Sales Agreement, a FERC tariff, in Attachment 2-C; and see also the Availability Agreement, in Attachment 2-C, which includes additional provisions related to decommissioning financial assurance. It is the licensee's position that the Unit Power Sales Agreement is not a 10 CFR §50.75(e)(1)(v)

"contractual obligation," but, rather a cost of service tariff which may appropriately be used to fund the external sinking fund in accordance with 10 CFR

§50.75(e)(1)(ii). Out of abundance of caution, the licensee identifies this information here.

Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Grand Gulf Nuclear Station Docket Number: 50-416 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 11 1 2024 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx BWR 3898 $135,000,000 112.8 1.98 0.65 2.23 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.307 0.22 12.54 NRC Minimum: $608,918,683 Site Specific:

Amount of NRC Minimum/Site Licensee:  % Owned: Category Specific: Amount in Trust Fund:

SERI 90.00% 1 $548,026,815 $386,200,000 SMEPA 10.00% 1 $60,891,868 $39,400,000 Total Fund Balance: $425,600,000 Step 1:

Earnings Credit:

Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:

$425,600,000 2% 13.83 $559,732,442 NO Step 2:

Accumulation:

Value of Annuity per year (amount/See Annuity Real Rate of Return Number of Annual Sheet) per year Payments: Total Annuity:

See Annuity Sheet See Annuity Sheet See Total Step 2 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:

See Total Step 2 See Annuity Sheet N/A $339,844,492 Total Step 1 + Step 2 Does Licensee Pass:

$899,576,935 YES Step 3:

Decom Period:

Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:

$899,576,935 2% 7 $66,877,099 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$966,454,033 YES NO Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Grand Gulf Nuclear Station Docket Number: 50-416 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 11 1 2024 If licensee is granted greater than 2% RRR Step 4:

Earnings Credit:

Real Rate Years Licensee: Trust Fund Balance: of Return Left in Total Earnings: Does Licensee Pass:

SERI $386,200,000 2.00% 13.83 $507,915,106 NO SMEPA $39,400,000 6.00% 13.83 $88,224,576 Step 5:

Accumulation:

Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:

See Annuity Sheet See Annuity Sheet 0 See Total Step 5 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5 See Total Step 5 See Annuity Sheet N/A $339,844,492 Total Step 4 + Step 5 Does Licensee Pass:

$935,984,175 YES Step 6:

Decom Period:

Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:

$935,984,175 2.00% 7 $69,583,716 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$1,005,567,890 YES NO Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 11 1 2024 Real Rate Total Year Annuity: of Return: Accumulation 2011 $23,785,000 2% $31,282,090 2012 $23,785,000 2% $30,668,716 2013 $23,785,000 2% $30,067,368 2014 $23,785,000 2% $29,477,812 2015 $22,285,000 2% $27,077,250 2016 $24,550,000 2% $29,244,435 2017 $24,550,000 2% $28,671,015 2018 $24,550,000 2% $28,108,838 2019 $24,550,000 2% $27,557,685 2020 $24,550,000 2% $27,017,338 2021 $29,878,000 2% $32,236,094 2022 $17,429,000 2% $18,435,851 2023 $0 2% $0 2024 $0 2% $0 Total: $339,844,492 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 11 1 2024 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $23,785,000 2.00% $31,282,090 2012 $23,785,000 2.00% $30,668,716 2013 $23,785,000 2.00% $30,067,368 2014 $23,785,000 2.00% $29,477,812 2015 $22,285,000 2.00% $27,077,250 2016 $24,550,000 2.00% $29,244,435 2017 $24,550,000 2.00% $28,671,015 2018 $24,550,000 2.00% $28,108,838 2019 $24,550,000 2.00% $27,557,685 2020 $24,550,000 2.00% $27,017,338 2021 $29,878,000 2.00% $32,236,094 2022 $17,429,000 2.00% $18,435,851 2023 $0 2.00% $0 2024 $0 2.00% $0 Total: $339,844,492 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011 Formulas verified by: Clayton Pittiglio

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