ML112380018

2010 DFS Report Analysis for Vogtle (Alvin W.) Nuclear Plant, Unit 1

ML112380018
Person / Time
Site:	Vogtle
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112380018 (3)

Text

Datasheet 1 Signature: Michael Purdie, Jo Ann Simpson Date: 07/18/2011 Secondary Review: Kosmas Lois, 8/5/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1

2

% Owned:

Category:

45.70%

1 30.00%

1 22.70%

1 1.60%

1 3

4 variable1 variable1 variable1 N

N Y

N N

N2 5

6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 2 Rates for Oglethorpe could not be determined based upon submitted information.

3 Municipal Electric Authority is relying upon a PPA, which was included in Attachments 2 & 3 of the DFS report.

4 Oglethorpe Power Corporation executed a revised Trust Agreement in August 2010, which was provided to the NRC in March 2010 (ML101090080).

Licensee:

$104,335,000 Amount in Trust Fund:

Y4 Any material changes to trust agreements? (Y/N)

N

$8,705,177 Post-RAI Rates Determined (Y/N)

Oglethorpe Power Corporation 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission (See "Notes" for additional comments).

Y

$459,684,000 The total amount of dollars accumulated at the end of the appropriate year: (see below)

Y3 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

$247,978,417 Real Rate of Return PUC Verified (Y/N)

$81,287,554 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)

Plant name:

Vogtle (Alvin W.) Nuclear Plant, Unit 1 50-424 Docket Number:

The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):

RAI Neede d

(Y/N)

PUC Verified (Y/N)

$53,650,686 None Did the licensee identify the amount of estimated radiological funds? (Y/N)

Escalation Rate Allowed through Decom (Y/N)

Municipal Electric Authority Dalton Utilities Total Trust Fund Balance Georgia Power Company

Datasheet 2 Signature: Michael Purdie, Jo Ann Simpson Date: 07/18/2011 Secondary Review: Kosmas Lois, 8/5/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 1

PWR 3625

$105,000,000 112.8 1.98 0.65 2.23 1.675 191.3 114.2 3.074 252.1 82.0 0.13 2.263 0.22 12.28

% Owned:

Category 45.70%

1 30.00%

1 22.70%

1 1.60%

1 2%

36.04 2%

2%

2%

7 Bx Ex Lx ECI Base Lx Base Px 2010 Year:

Vogtle (Alvin W.) Nuclear Plant, Unit 1 Docket Number:

Date of Operation:

Latest Month Fx

$506,271,309 Years remaining after annuity Px 50-424 16 31 Termination of Operations:

2047 1986$

Day Base Fx Plant name:

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

Licensee:

$213,413,413 NRC Minimum:

$466,987,774 Dalton Utilities Trust Fund Balance:

Step 1:

Fx Site Specific:

Total Step 2:

$7,471,804 Years Left in License 36.04

$8,705,177 Real Rate of Return per year Does Licensee Pass:

YES

$81,287,554

$0

$37,637,644 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 Georgia Power Company Oglethorpe Power Corporation Municipal Electric Authority

$106,006,225

$140,096,332 Total Annuity:

Step 3:

$53,650,686

$104,335,000 Amount in Trust Fund:

$0 Total Earnings:

$506,271,309 Real Rate of Return per year Total of Steps 1 thru 3:

Number of Annual Payments:

Accumulation:

Step 2:

Earnings Credit:

$247,978,417 Decom Period:

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

$247,978,417 Total Step 1 + Step 2

$506,271,309 NO Shortfall:

YES Does Licensee Pass:

Does Licensee Pass:

YES

$543,908,953

Datasheet 2 Signature: Michael Purdie, Jo Ann Simpson Date: 07/18/2011 Secondary Review: Kosmas Lois, 8/5/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 1

2010 Year:

Vogtle (Alvin W.) Nuclear Plant, Unit 1 Docket Number:

Date of Operation:

50-424 16 31 Termination of Operations:

2047 Day Plant name:

Owner Georgia Power Company 2.00%

36.04 Oglethorpe Power Corporation 2.00%

Municipal Electric Authority 2.00%

Dalton Utilities 2.00%

0.00%

0.00%

2.00%

7 Earnings Credit:

Step 4:

Shortfall:

NO Real Rate of Return per year Years remaining after annuity

$0 Total Annuity Real Rate of Return Real Rate of Return per year Accumulation:

YES

$37,637,644 Total Step 5 Total of Steps 4 thru 6:

$543,908,953 Does Licensee Pass:

Total Earnings:

36.04 0

$506,271,309

$0

$0 Decom Period:

Step 6:

$506,271,309

1. DIV/0!

Does Licensee Pass:

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

Decom Period:

Value of Annuity per year Total Annuity:

Number of Annual Payments:

Step 5:

If licensee is granted greater than 2% RRR

$104,335,000

$506,271,309 YES

$53,650,686

$81,287,554 Years Left in License Trust Fund Balance:

Total Earnings:

Does Licensee Pass:

$8,705,177