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 1 Initial Review: Kosmas Lois Date: 8/19/2011 Signature: Aaron L. Szabo Date: 8/22/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1

2

% Owned:

Category:

100.00%

1 3

4 6.30%

2.89%

3.41%

Y N

N 5

6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Allowed through Decom (Y/N)

Total Trust Fund Balance Post-RAI Rates 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 N

Plant name:

Prairie Island Nuclear Plant, Unit 1 50-282 RAI Needed (Y/N)

PUC Verified (Y/N) none 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 Rate Y

$403,497,119 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 Earnings Allowed through Decom (Y/N)

Rate(s) of Other Factors

$343,789,857 Real Rate of Return PUC Verified (Y/N)

Xcel Energy Licensee:

$343,789,857 Amount in Trust Fund:

Datasheet 2 Initial Review: Kosmas Lois Date: 8/19/2011 Signature: Aaron L. Szabo Date: 8/22/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 8

PWR 1677

$89,757,600 111.3 2.08 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 100.00%

1 2%

22.61 2%

2%

2%

7

$577,902,816 NO Shortfall:

YES Does Licensee Pass:

Does Licensee Pass:

YES Total of Steps 1 thru 3:

Number of Annual Payments:

Accumulation:

Step 2:

Earnings Credit:

$343,789,857 Decom Period:

$0 Total Annuity Real Rate of Return per year Total Fund Balance:

$343,789,857 Total Step 1 + Step 2

$537,912,850

$39,989,966 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 Xcel Energy Total Annuity:

Step 3:

$343,789,857 Amount in Trust Fund:

$0 Total Earnings:

$537,912,850 Real Rate of Return per year Fx Site Specific:

Total Step 2:

Years Left in License 22.61 Real Rate of Return per year Does Licensee Pass:

YES

$0

$537,912,850 Years remaining after annuity Px 50-282 9

31 Termination of Operations:

2033 1986$

Day Base Fx Plant name:

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

Licensee:

$403,838,322 NRC Minimum:

$403,838,322 Trust Fund Balance:

Step 1:

Bx Ex Lx ECI Base Lx Base Px 2010 Year:

Prairie Island Nuclear Plant, Unit 1 Docket Number:

Date of Operation:

Latest Month Fx

Datasheet 2 Initial Review: Kosmas Lois Date: 8/19/2011 Signature: Aaron L. Szabo Date: 8/22/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 8

50-282 9

31 Termination of Operations:

2033 Day Plant name:

2010 Year:

Prairie Island Nuclear Plant, Unit 1 Docket Number:

Date of Operation:

3.41%

22.61 3.41%

3.41%

2.00%

7 Real Rate of Return per year Accumulation:

Value of Annuity per year

$343,789,857 Total Annuity:

Number of Annual Payments:

Step 5:

Real Rate of Return per year Total Earnings:

$733,667,895 YES If licensee is granted greater than 2% RRR YES

$54,542,950 Total Step 5 Total of Steps 4 thru 6:

$788,210,845 Does Licensee Pass:

Total Earnings:

22.61 0

$733,667,895

$0

$0 Decom Period:

Step 6:

$733,667,895

$0 Does Licensee Pass:

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

Decom Period:

Total Annuity Does Licensee Pass:

Trust Fund Balance:

Years Left in License Shortfall:

NO Real Rate of Return per year Years remaining after annuity

$0 Earnings Credit:

Step 4: