ML112351256

2010 DFS Report Analysis for Catawba Nuclear Station, Unit 1

ML112351256
Person / Time
Site:	Catawba
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112351256 (5)

Text

Datasheet 1 Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1

2

% Owned:

Category:

37.50%

1 30.754%

1 19.246%

1 12.50%

1 3

4 variable1 variable1 variable1 N

N Y

N Y

Y 5

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

Catawba Nuclear Station, Unit 1 50-413 RAI Needed (Y/N)

PUC Verified (Y/N)

$67,484,121 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):

Escalation Rate Allowed through Decom (Y/N)

Duke Energy Carolinas, LLC Piedmont Municipal Power Agency Y

$466,987,774 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

$282,156,578 Real Rate of Return PUC Verified (Y/N)

$57,872,625 Total Trust Fund Balance 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission.

North Carolina Electric Membership Corporation North Carolina Municipal Power Agency 1 Licensee:

$129,035,874 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)

N

$27,763,958 Post-RAI Rates Determined (Y/N)

Datasheet 2 Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 12 PWR 3411

$105,000,000 112.8 1.98 0.65 2.23 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28

% Owned:

Category 37.50%

1 30.75%

1 19.25%

1 12.50%

1 2%

32.93 See Annuity Sheet See Annuity Sheet 2%

7

$794,679,014 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:

$282,156,578 Decom Period:

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

$282,156,578 Total Step 1 + Step 2

$739,688,476

$54,990,537 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 North Carolina Municipal Power Agency 1 North Carolina Electric Membership Corporation Duke Energy Carolinas, LLC

$89,849,544

$143,574,399 Total Annuity:

Step 3:

$67,484,121

$129,035,874 Amount in Trust Fund:

$198,082,768 Total Earnings:

$541,605,708 Real Rate of Return per year Fx Site Specific:

Total Step 2:

$58,355,986 Years Left in License N/A

$27,763,958 Real Rate of Return per year Does Licensee Pass:

YES

$57,872,625 See Total Step 2

$739,688,476 Years remaining after annuity Px 50-413 5

31 Termination of Operations:

2043 1986$

Day Base Fx Plant name:

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

Licensee:

$175,067,957 NRC Minimum:

$466,847,886 Piedmont Municipal Power Agency Trust Fund Balance:

Step 1:

Bx Ex Lx ECI Base Lx Base Px 2010 Year:

Catawba Nuclear Station, Unit 1 Docket Number:

Date of Operation:

Latest Month Fx

Datasheet 2 Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 12 50-413 5

31 Termination of Operations:

2043 Day Plant name:

2010 Year:

Catawba Nuclear Station, Unit 1 Docket Number:

Date of Operation:

2.00%

32.93 See Annuity Sheet See Annuity Sheet 2.00%

7 Real Rate of Return per year Accumulation:

Value of Annuity per year

$282,156,578 Total Annuity:

Number of Annual Payments:

Step 5:

Real Rate of Return per year Total Earnings:

$541,605,708 YES If licensee is granted greater than 2% RRR YES

$54,990,537 Total Step 5 Total of Steps 4 thru 6:

$794,679,013 Does Licensee Pass:

Total Earnings:

N/A 0

$739,688,476 See Annuity Sheet See Total Step 4 Decom Period:

Step 6:

$739,688,476 See Total Step 4 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

$198,082,768 Earnings Credit:

Step 4:

Datasheet 2 Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 12 5

2043 Year Annuity:

2011

$3,984,023 2%

$7,647,661 2012

$3,984,023 2%

$7,497,707 2013

$3,984,023 2%

$7,350,693 2014

$3,984,023 2%

$7,206,562 2015

$3,984,023 2%

$7,065,257 2016

$3,984,023 2%

$6,926,722 2017

$3,984,023 2%

$6,790,904 2018

$3,984,023 2%

$6,657,749 2019

$3,984,023 2%

$6,527,205 2020

$3,984,023 2%

$6,399,221 2021

$3,984,023 2%

$6,273,746 2022

$3,984,023 2%

$6,150,731 2023

$3,984,023 2%

$6,030,129 2024

$3,984,023 2%

$5,911,891 2025

$3,984,023 2%

$5,795,971 2026

$3,984,023 2%

$5,682,325 2027

$3,984,023 2%

$5,570,907 2028

$3,984,023 2%

$5,461,673 2029

$3,984,023 2%

$5,354,582 2030

$3,984,023 2%

$5,249,590 2031

$3,984,023 2%

$5,146,657 2032

$3,984,023 2%

$5,045,742 2033

$3,546,523 2%

$4,403,579 2034

$21,347,947 2%

$25,987,169 2035

$3,546,523 2%

$4,232,583 2036

$3,546,523 2%

$4,149,591 2037

$3,546,523 2%

$4,068,226 2038

$3,546,523 2%

$3,988,457 2039

$2,548,582 2%

$2,809,963 2040

$2,548,582 2%

$2,754,866 2041

$2,548,582 2%

$2,700,849 2042

$2,548,582 2%

$2,647,891 2043

$2,548,582 2%

$2,595,971 Total:

$198,082,768 ANNUITY Total Accumulation Termination of Operations:

Real Rate of Return:

Datasheet 2 Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 12 5

2043 ANNUITY Termination of Operations:

Year Annuity:

2011

$3,984,023 2.00%

$7,647,661 2012

$3,984,023 2.00%

$7,497,707 2013

$3,984,023 2.00%

$7,350,693 2014

$3,984,023 2.00%

$7,206,562 2015

$3,984,023 2.00%

$7,065,257 2016

$3,984,023 2.00%

$6,926,722 2017

$3,984,023 2.00%

$6,790,904 2018

$3,984,023 2.00%

$6,657,749 2019

$3,984,023 2.00%

$6,527,205 2020

$3,984,023 2.00%

$6,399,221 2021

$3,984,023 2.00%

$6,273,746 2022

$3,984,023 2.00%

$6,150,731 2023

$3,984,023 2.00%

$6,030,129 2024

$3,984,023 2.00%

$5,911,891 2025

$3,984,023 2.00%

$5,795,971 2026

$3,984,023 2.00%

$5,682,325 2027

$3,984,023 2.00%

$5,570,907 2028

$3,984,023 2.00%

$5,461,673 2029

$3,984,023 2.00%

$5,354,582 2030

$3,984,023 2.00%

$5,249,590 2031

$3,984,023 2.00%

$5,146,657 2032

$3,984,023 2.00%

$5,045,742 2033

$3,546,523 2.00%

$4,403,579 2034

$21,347,947 2.00%

$25,987,169 2035

$3,546,523 2.00%

$4,232,583 2036

$3,546,523 2.00%

$4,149,591 2037

$3,546,523 2.00%

$4,068,226 2038

$3,546,523 2.00%

$3,988,457 2039

$2,548,582 2.00%

$2,809,963 2040

$2,548,582 2.00%

$2,754,866 2041

$2,548,582 2.00%

$2,700,849 2042

$2,548,582 2.00%

$2,647,891 2043

$2,548,582 2.00%

$2,595,971 Total:

$198,082,768 If licensee is granted greater than 2% RRR Real Rate of Return:

Total Accumulation