ML112370012

2010 DFS Report Analysis for Grand Gulf Nuclear Station

ML112370012
Person / Time
Site:	Grand Gulf
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)

Text

Datasheet 1 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1

2

% Owned:

Category:

90.00%

1 10.00%

1 3

4 variable1 variable1 variable1 N

N Y

Y N

Y 5

6 Any 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

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

1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 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)

Escalation Rate N

Allowed through Decom (Y/N)

Total Trust Fund Balance Post-RAI Rates Determined (Y/N)

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

N Y2 Plant name:

Grand Gulf Nuclear Station 50-416 RAI Needed (Y/N)

PUC Verified (Y/N)

$39,400,000 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):

Y

$609,100,000 The 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)

Rate of Return on Earnings Allowed through Decom (Y/N)

Rate(s) of Other Factors Licensee:

$386,200,000 Amount in Trust Fund:

$425,600,000 Real Rate of Return PUC Verified (Y/N)

SMEPA SERI 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)

Datasheet 2 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 11 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

% Owned:

Category 90.00%

1 10.00%

1 2%

13.83 See Annuity Sheet See Annuity Sheet 2%

7

$966,454,033 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:

$425,600,000 Decom Period:

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

$425,600,000 Total Step 1 + Step 2

$899,576,935

$66,877,099 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 SERI SMEPA

$60,891,868 Total Annuity:

Step 3:

$39,400,000

$386,200,000 Amount in Trust Fund:

$339,844,492 Total Earnings:

$559,732,442 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

$899,576,935 Years remaining after annuity Px 50-416 1

31 Termination of Operations:

2024 1986$

Day Base Fx Plant name:

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

Licensee:

$548,026,815 NRC Minimum:

$608,918,683 Trust Fund Balance:

Step 1:

Bx Ex Lx ECI Base Lx Base Px 2010 Year:

Grand Gulf Nuclear Station Docket Number:

Date of Operation:

Latest Month Fx

Datasheet 2 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 11 50-416 1

31 Termination of Operations:

2024 Day Plant name:

2010 Year:

Grand Gulf Nuclear Station Docket Number:

Date of Operation:

2.00%

13.83 6.00%

13.83 See Annuity Sheet See Annuity Sheet 2.00%

7 Real Rate of Return per year Accumulation:

Value of Annuity per year

$386,200,000 Total Annuity:

Number of Annual Payments:

Step 5:

Real Rate of Return Total Earnings:

$507,915,106 NO If licensee is granted greater than 2% RRR

$39,400,000

$88,224,576 Licensee:

SMEPA SERI YES

$69,583,716 Total Step 5 Total of Steps 4 thru 6:

$1,005,567,890 Does Licensee Pass:

Total Earnings:

N/A 0

$935,984,175 See Annuity Sheet See Total Step 5 Decom Period:

Step 6:

$935,984,175 See Total Step 5 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 Shortfall:

NO Real Rate of Return per year Years remaining after annuity

$339,844,492 Earnings Credit:

Step 4:

Datasheet 2 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 11 1

2024 Year Annuity:

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 ANNUITY Total Accumulation Termination of Operations:

Real Rate of Return:

Datasheet 2 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 11 1

2024 ANNUITY Termination of Operations:

Year Annuity:

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 If licensee is granted greater than 2% RRR Real Rate of Return:

Total Accumulation