ML112370045

2010 DFS Report Analysis for Limerick Generating Station, Unit 1

ML112370045
Person / Time
Site:	Limerick
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112370045 (5)

Text

Datasheet 1Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo

Date: 8/15/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:100.00%1 3 43.00%3.00%Y N N 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7Plant name:Limerick Generating Station, Unit 150-352RAI Needed (Y/N)PUC Verified (Y/N)providedDocket 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):

1 Escalation RateAllowed through Decom (Y/N)

Y$634,961,000The total amount of dollars accumulated at the end of the appropriate year: (see below)

NAssumptions 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 EarningsAllowed through Decom (Y/N)Rate(s) of Other Factors$248,238,000 Real Rate of Return PUC Verified (Y/N)Total Trust Fund Balance 2 Financial Assurance is provided by the external sinking fund method coupled with an external trust fund. No further review required.

1 Licensee calculated MFA higher than NRC calculations. Justification, including factors used, were provided to NRC for review. No further review required.Exelon Generation Company, LLCLicensee:$248,238,000Amount in Trust Fund:

NAny 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)

Y 2Post-RAI Rates Determined (Y/N)

Datasheet 2Signature: Shawn HarwellDate: 8/3/2011Signature: Aaron L. Szabo Date: 8/15/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:1210BWR 3458$135,000,000113.62.160.652.451.676191.4114.23.049250.082.00.132.3070.2212.54% Owned:Category100.00%1 2%13.82See Annuity SheetSee Annuity Sheet 2%7$467,876,705($160,375,058)Shortfall:

NODoes Licensee Pass:Does Licensee Pass:

NOTotal of Steps 1 thru 3:see annuity sheetNumber of Annual Payments:Accumulation:Step 2:Earnings Credit:$248,238,000Decom Period:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Fund Balance:$248,238,000Total Step 1 + Step 2$435,500,374$32,376,332Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthExelon Generation Company, LLCTotal Annuity:Step 3:$248,238,000Amount in Trust Fund:$109,123,411Total Earnings:$326,376,962Real Rate of Return per year FxSite Specific:Total Step 2:Years Left in LicenseN/AReal Rate of Return per yearDoes Licensee Pass:

NOSee Total Step 2$435,500,374Years remaining after annuity Px50-3522631Termination of Operations:2024 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$628,251,763NRC Minimum:$628,251,763Trust Fund Balance:Step 1: Bx Ex LxECIBase LxBase Px2010Year:Limerick Generating Station, Unit 1Docket Number:Date of Operation:Latest Month Fx Datasheet 2Signature: Shawn HarwellDate: 8/3/2011Signature: Aaron L. Szabo Date: 8/15/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:121050-3522631Termination of Operations:2024DayPlant name:2010Year:Limerick Generating Station, Unit 1Docket Number:Date of Operation:3.00%13.82See Annuity SheetSee Annuity Sheet2.00%7Real Rate of Return per yearAccumulation:Value of Annuity per year$248,238,000Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$373,485,736 NOIf licensee is granted greater than 2% RRR NO$36,551,305Total Step 5Total of Steps 4 thru 6:$528,210,057Does Licensee Pass:Total Earnings:N/A 0$491,658,752see annuity sheetSee Total Step 4Decom Period:Step 6:$491,658,752See Total Step 4Does Licensee Pass:Real Rate of Return per year NOTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in LicenseShortfall:($100,041,706)Real Rate of Return per yearYears remaining after annuity$118,173,017Earnings Credit:Step 4:

Datasheet 2Signature: Shawn HarwellDate: 8/3/2011 Signature: Aaron L. SzaboDate: 8/15/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 10 26 2024YearAnnuity: 2011$7,170,000 2%$9,427,231 2012$7,170,000 2%$9,242,383 2013$7,170,000 2%$9,061,160 2014$7,170,000 2%$8,883,490 2015$7,170,000 2%$8,709,304 2016$7,170,000 2%$8,538,533 2017$7,170,000 2%$8,371,111 2018$7,170,000 2%$8,206,972 2019$7,170,000 2%$8,046,051 2020$7,170,000 2%$7,888,285 2021$7,170,000 2%$7,733,613 2022$7,170,000 2%$7,581,973 2023$7,170,000 2%$7,433,307 2024$0 2%$0Total:$109,123,411ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:

Datasheet 2Signature: Shawn HarwellDate: 8/3/2011 Signature: Aaron L. SzaboDate: 8/15/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 10 26 2024ANNUITYTermination of Operations:YearAnnuity: 2011$7,170,0003.00%$10,788,112 2012$7,170,0003.00%$10,473,895 2013$7,170,0003.00%$10,168,830 2014$7,170,0003.00%$9,872,650 2015$7,170,0003.00%$9,585,097 2016$7,170,0003.00%$9,305,920 2017$7,170,0003.00%$9,034,874 2018$7,170,0003.00%$8,771,722 2019$7,170,0003.00%$8,516,235 2020$7,170,0003.00%$8,268,189 2021$7,170,0003.00%$8,027,368 2022$7,170,0003.00%$7,793,561 2023$7,170,0003.00%$7,566,564 2024$03.00%$0Total:$118,173,017If licensee is granted greater than 2% RRRReal Rate of Return:Total Accumulation