ML112380023

2010 DFS Report Analysis for Watts Bar Nuclear Plant, Unit 1

ML112380023
Person / Time
Site:	Watts Bar
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112380023 (5)

Text

Datasheet 1 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Date: 7/7/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1

2

% Owned:

Category:

100.00%

1 3

4 9.00%

4.00%

5.00%

N Y

Y Y

Y Y

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)

Plant name:

Watts Bar Nuclear Plant, Unit 1 50-390 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):

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

N Y

$467,000,000 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

$105,790,000 Real Rate of Return PUC Verified (Y/N)

TVA Licensee:

$105,790,000 Amount in Trust Fund:

Datasheet 2 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Date: 7/7/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 11 PWR 3459

$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 100.00%

1 2%

24.86 See Annuity Sheet See Annuity Sheet 2%

7

$276,936,203

($189,911,683)

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:

$105,790,000 Decom Period:

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

$105,790,000 Total Step 1 + Step 2

$257,772,654

$19,163,550 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 TVA Total Annuity:

Step 3:

$105,790,000 Amount in Trust Fund:

$84,705,814 Total Earnings:

$173,066,840 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

$257,772,654 Years remaining after annuity Px 50-390 9

31 Termination of Operations:

2035 1986$

Day Base Fx Plant name:

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

Licensee:

$466,847,886 NRC Minimum:

$466,847,886 Trust Fund Balance:

Step 1:

Bx Ex Lx ECI Base Lx Base Px 2010 Year:

Watts Bar Nuclear Plant, Unit 1 Docket Number:

Date of Operation:

Latest Month Fx

Datasheet 2 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Date: 7/7/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 11 50-390 9

31 Termination of Operations:

2035 Day Plant name:

2010 Year:

Watts Bar Nuclear Plant, Unit 1 Docket Number:

Date of Operation:

5.00%

24.86 See Annuity Sheet See Annuity Sheet 5.00%

7 Real Rate of Return per year Accumulation:

Value of Annuity per year

$105,790,000 Total Annuity:

Number of Annual Payments:

Step 5:

Real Rate of Return per year Total Earnings:

$355,741,192 NO If licensee is granted greater than 2% RRR YES

$98,749,642 Total Step 5 Total of Steps 4 thru 6:

$583,886,166 Does Licensee Pass:

Total Earnings:

N/A 0

$485,136,524 See Annuity Sheet See Total Step 4 Decom Period:

Step 6:

$485,136,524 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

$129,395,332 Earnings Credit:

Step 4:

Datasheet 2 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Date: 7/7/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 11 9

2035 Year Annuity:

2011

$2,600,000 2%

$4,253,597 2012

$2,600,000 2%

$4,170,193 2013

$2,600,000 2%

$4,088,425 2014

$2,600,000 2%

$4,008,259 2015

$2,600,000 2%

$3,929,666 2016

$2,600,000 2%

$3,852,614 2017

$2,600,000 2%

$3,777,072 2018

$2,600,000 2%

$3,703,012 2019

$2,600,000 2%

$3,630,404 2020

$2,600,000 2%

$3,559,220 2021

$2,600,000 2%

$3,489,431 2022

$2,600,000 2%

$3,421,011 2023

$2,600,000 2%

$3,353,932 2024

$2,600,000 2%

$3,288,169 2025

$2,600,000 2%

$3,223,695 2026

$2,600,000 2%

$3,160,485 2027

$2,600,000 2%

$3,098,515 2028

$2,600,000 2%

$3,037,760 2029

$2,600,000 2%

$2,978,196 2030

$2,600,000 2%

$2,919,800 2031

$2,600,000 2%

$2,862,549 2032

$2,600,000 2%

$2,806,420 2033

$2,600,000 2%

$2,751,393 2034

$2,600,000 2%

$2,697,444 2035

$2,600,000 2%

$2,644,553 Total:

$84,705,814 ANNUITY Total Accumulation Termination of Operations:

Real Rate of Return:

Datasheet 2 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Date: 7/7/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 11 9

2035 ANNUITY Termination of Operations:

Year Annuity:

2011

$2,600,000 5.00%

$8,743,730 2012

$2,600,000 5.00%

$8,327,362 2013

$2,600,000 5.00%

$7,930,821 2014

$2,600,000 5.00%

$7,553,163 2015

$2,600,000 5.00%

$7,193,489 2016

$2,600,000 5.00%

$6,850,941 2017

$2,600,000 5.00%

$6,524,706 2018

$2,600,000 5.00%

$6,214,006 2019

$2,600,000 5.00%

$5,918,101 2020

$2,600,000 5.00%

$5,636,286 2021

$2,600,000 5.00%

$5,367,892 2022

$2,600,000 5.00%

$5,112,278 2023

$2,600,000 5.00%

$4,868,836 2024

$2,600,000 5.00%

$4,636,987 2025

$2,600,000 5.00%

$4,416,178 2026

$2,600,000 5.00%

$4,205,884 2027

$2,600,000 5.00%

$4,005,604 2028

$2,600,000 5.00%

$3,814,861 2029

$2,600,000 5.00%

$3,633,201 2030

$2,600,000 5.00%

$3,460,191 2031

$2,600,000 5.00%

$3,295,420 2032

$2,600,000 5.00%

$3,138,495 2033

$2,600,000 5.00%

$2,989,043 2034

$2,600,000 5.00%

$2,846,708 2035

$2,600,000 5.00%

$2,711,150 Total:

$129,395,332 If licensee is granted greater than 2% RRR Real Rate of Return:

Total Accumulation