ML112371805

2010 DFS Report Analysis for Point Beach Nuclear Plant, Unit 2

ML112371805
Person / Time
Site:	Point Beach
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112371805 (3)

Text

Datasheet 1 Plant name: Point Beach Nuclear Plant, Unit 2 Docket Number: 50-301 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $398,528,276 Did the licensee identify the amount of estimated radiological funds? (Y/N) Y 2 The total amount of dollars accumulated at the end of the appropriate year: (see below)

Licensee:  % Owned: Category: Amount in Trust Fund:

NextEra 100.00% 2 $245,135,466 Total Trust Fund Balance $245,135,466 3 Schedule of the annual amounts remaining to be collected: (provided/none) None 4 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)

Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)

Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 2.00% N Y N 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 1

7 Any material changes to trust agreements? (Y/N) Y 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) 1 4/16/2009 the name of the qualified and non-qualifed trusts changed from FPL Energy Point Beach, LLC to NextEra Energy Point Beach, LLC The name of the trustee was changed from "Mellon Trust of Delaware, National Association" to "BNY Mellon Trust of Delaware" to reflect name change that followed the merger of Mellon Trust of Delaware with the Bank of New York (Delaware)

Signature: Aaron Szabo Date: 6/14/2011 Signature: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/23/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Point Beach Nuclear Plant, Unit 2 Docket Number: 50-301 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 3 8 2033 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 1540 $88,552,000 111.3 2.08 0.65 2.32 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28 NRC Minimum: $398,414,074 Site Specific:

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

NextEra 100.00% 2 $398,414,074 $245,135,466 Total Fund Balance: $245,135,466 Step 1:

Earnings Credit:

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

$245,135,466 2% 22.19 $380,380,322 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:

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

$0 2% 22.19 $0 Total Step 1 + Step 2 Does Licensee Pass:

$380,380,322 NO Step 3:

Decom Period:

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

$380,380,322 2% 7 $28,278,551 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$408,658,874 YES NO Signature: Aaron Szabo Date: 6/14/2011 Signature: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/23/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Point Beach Nuclear Plant, Unit 2 Docket Number: 50-301 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 3 8 2033 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:

$245,135,466 2.00% 22.19 $380,380,322 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% 22.19 $0 Total Step 4 + Step 5 Does Licensee Pass:

$380,380,322 NO Step 6:

Decom Period:

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

$380,380,322 2.00% 7 $28,278,551 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$408,658,874 YES NO Signature: Aaron Szabo Date: 6/14/2011 Signature: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/23/2011 Formulas verified by: Clayton Pittiglio