ML112380028

2010 DFS Report Analysis Resolution of Potential Shortfall for Perry Nuclear Power Plant

ML112380028
Person / Time
Site:	Perry
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112380028 (2)

Text

Datasheet 2 Plant name: Perry Nuclear Power Plant Docket Number: 50-440 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 3 18 2026 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx BWR 3758 $135,000,000 111.3 2.08 0.65 2.32 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.307 0.22 12.54 NRC Minimum: $616,079,083 Site Specific:

Amount of NRC Minimum/Site Licensee:  % Owned: Category Specific: Amount in Trust Fund:

Ohio Edison Company 12.58% 2 $77,502,749 $59,476,295 FENGenCo 87.42% 2 $538,576,335 $351,552,756 Total Fund Balance: $411,029,051 Step 1:

Earnings Credit:

Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:

$411,029,051 2% 15.21 $555,544,472 NO Step 2:

Accumulation:

Value of Annuity per year (amount/See Annuity Real Rate of Return Number of Annual Sheet) per year Payments: Total Annuity:

2% $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:

$0 2% 15.21 $0 Total Step 1 + Step 2 Does Licensee Pass:

$555,544,472 NO Step 3:

Decom Period:

Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:

$555,544,472 2% 7 $41,300,750 Parent Company Guarantee1 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$27,500,000 $624,345,222 YES NO Signature: Kosmas Lois Date: 7/6/2011 Secondardy Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 07/13/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Perry Nuclear Power Plant Docket Number: 50-440 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 3 18 2026 If licensee is granted greater than 2% RRR Step 4:

Earnings Credit:

Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:

$411,029,051 2.00% 15.21 $555,544,472 NO Step 5:

Accumulation:

Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:

$0 2.00% 0 $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5

$0 2.00% 15.21 $0 Total Step 4 + Step 5 Does Licensee Pass:

$555,544,472 NO Step 6:

Decom Period:

Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:

$555,544,472 2.00% 7 $41,300,750 Parent Company Guarantee1 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$27,500,000 $624,345,222 YES NO 1

FENOC has obtained a $95 Million Parental Guaranty (PCG). The FENGenCO share of the BVPS-1 nuclear decommissioning trust has a shortfall of approximately 66 million dollars and the FENGenCo share of the Perry Nuclear Power Plant has a shortfall of approximately $26 million dollars. The NRC staff decided to account for the guaranty such that $67.5 Million is for Beaver Valley and $27.5 Million is for Perry.

NRC staff took the NRC minimum value required for decommissioning and subtracted it from the $95 million of the new PCG. The figure ($3 Million) was divided in half and added to Beaver Valley and Perry PCG's accordingly. This is how the $67.5 million and $27.5 million was derived.

Signature: Kosmas Lois Date: 7/6/2011 Secondardy Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 07/13/2011 Formulas verified by: Clayton Pittiglio