ML112370045

2010 DFS Report Analysis for Limerick Generating Station, Unit 1

ML112370045
Person / Time
Site:	Limerick
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112370045 (5)

Text

Datasheet 1 Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo Date: 8/15/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1

2

% Owned:

Category:

100.00%

1 3

4 3.00%

3.00%

Y N

N 5

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

Limerick Generating Station, Unit 1 50-352 RAI Needed (Y/N)

PUC Verified (Y/N) 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):1 Escalation Rate Allowed through Decom (Y/N)

Y

$634,961,000 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 Earnings Allowed through Decom (Y/N)

Rate(s) of Other Factors

$248,238,000 Real Rate of Return PUC Verified (Y/N)

Total Trust Fund Balance 2 Financial Assurance is provided by the external sinking fund method coupled with an external trust fund. No further review required.

1 Licensee calculated MFA higher than NRC calculations. Justification, including factors used, were provided to NRC for review. No further review required.

Exelon Generation Company, LLC Licensee:

$248,238,000 Amount in Trust Fund:

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)

Y2 Post-RAI Rates Determined (Y/N)

Datasheet 2 Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo Date: 8/15/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 10 BWR 3458

$135,000,000 113.6 2.16 0.65 2.45 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.307 0.22 12.54

% Owned:

Category 100.00%

1 2%

13.82 See Annuity Sheet See Annuity Sheet 2%

7

$467,876,705

($160,375,058)

Shortfall:

NO Does Licensee Pass:

Does Licensee Pass:

NO Total of Steps 1 thru 3:

see annuity sheet Number of Annual Payments:

Accumulation:

Step 2:

Earnings Credit:

$248,238,000 Decom Period:

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

$248,238,000 Total Step 1 + Step 2

$435,500,374

$32,376,332 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 Exelon Generation Company, LLC Total Annuity:

Step 3:

$248,238,000 Amount in Trust Fund:

$109,123,411 Total Earnings:

$326,376,962 Real Rate of Return per year Fx Site Specific:

Total Step 2:

Years Left in License N/A Real Rate of Return per year Does Licensee Pass:

NO See Total Step 2

$435,500,374 Years remaining after annuity Px 50-352 26 31 Termination of Operations:

2024 1986$

Day Base Fx Plant name:

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

Licensee:

$628,251,763 NRC Minimum:

$628,251,763 Trust Fund Balance:

Step 1:

Bx Ex Lx ECI Base Lx Base Px 2010 Year:

Limerick Generating Station, Unit 1 Docket Number:

Date of Operation:

Latest Month Fx

Datasheet 2 Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo Date: 8/15/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 10 50-352 26 31 Termination of Operations:

2024 Day Plant name:

2010 Year:

Limerick Generating Station, Unit 1 Docket Number:

Date of Operation:

3.00%

13.82 See Annuity Sheet See Annuity Sheet 2.00%

7 Real Rate of Return per year Accumulation:

Value of Annuity per year

$248,238,000 Total Annuity:

Number of Annual Payments:

Step 5:

Real Rate of Return per year Total Earnings:

$373,485,736 NO If licensee is granted greater than 2% RRR NO

$36,551,305 Total Step 5 Total of Steps 4 thru 6:

$528,210,057 Does Licensee Pass:

Total Earnings:

N/A 0

$491,658,752 see annuity sheet See Total Step 4 Decom Period:

Step 6:

$491,658,752 See Total Step 4 Does Licensee Pass:

Real Rate of Return per year NO Total Step 4 + Step 5 Total Earnings for Decom:

Decom Period:

Total Annuity Does Licensee Pass:

Trust Fund Balance:

Years Left in License Shortfall:

($100,041,706)

Real Rate of Return per year Years remaining after annuity

$118,173,017 Earnings Credit:

Step 4:

Datasheet 2 Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo Date: 8/15/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 10 26 2024 Year Annuity:

2011

$7,170,000 2%

$9,427,231 2012

$7,170,000 2%

$9,242,383 2013

$7,170,000 2%

$9,061,160 2014

$7,170,000 2%

$8,883,490 2015

$7,170,000 2%

$8,709,304 2016

$7,170,000 2%

$8,538,533 2017

$7,170,000 2%

$8,371,111 2018

$7,170,000 2%

$8,206,972 2019

$7,170,000 2%

$8,046,051 2020

$7,170,000 2%

$7,888,285 2021

$7,170,000 2%

$7,733,613 2022

$7,170,000 2%

$7,581,973 2023

$7,170,000 2%

$7,433,307 2024

$0 2%

$0 Total:

$109,123,411 ANNUITY Total Accumulation Termination of Operations:

Real Rate of Return:

Datasheet 2 Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo Date: 8/15/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 10 26 2024 ANNUITY Termination of Operations:

Year Annuity:

2011

$7,170,000 3.00%

$10,788,112 2012

$7,170,000 3.00%

$10,473,895 2013

$7,170,000 3.00%

$10,168,830 2014

$7,170,000 3.00%

$9,872,650 2015

$7,170,000 3.00%

$9,585,097 2016

$7,170,000 3.00%

$9,305,920 2017

$7,170,000 3.00%

$9,034,874 2018

$7,170,000 3.00%

$8,771,722 2019

$7,170,000 3.00%

$8,516,235 2020

$7,170,000 3.00%

$8,268,189 2021

$7,170,000 3.00%

$8,027,368 2022

$7,170,000 3.00%

$7,793,561 2023

$7,170,000 3.00%

$7,566,564 2024

$0 3.00%

$0 Total:

$118,173,017 If licensee is granted greater than 2% RRR Real Rate of Return:

Total Accumulation