ML112370045
| 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 1 Plant name: Limerick Generating Station, Unit 1 Docket Number: 50-352 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):1 $634,961,000 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:
Exelon Generation 100.00% 1 $248,238,000 Company, LLC Total Trust Fund Balance $248,238,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 3.00% 3.00% Y N N 5 Any contracts upon which the licensee is relying? (Y/N) N 2
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) Y 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Licensee calculated MFA higher than NRC calculations. Justification, including factors used, were provided to NRC for review. No further review required.
2 Financial Assurance is provided by the external sinking fund method coupled with an external trust fund. No further review required.
Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/15/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Limerick Generating Station, Unit 1 Docket Number: 50-352 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 10 26 2024 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx BWR 3458 $135,000,000 113.6 2.16 0.65 2.45 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.307 0.22 12.54 NRC Minimum: $628,251,763 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Exelon Generation 100.00% 1 $628,251,763 $248,238,000 Company, LLC Total Fund Balance: $248,238,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$248,238,000 2% 13.82 $326,376,962 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:
see annuity sheet See Annuity Sheet See Total Step 2 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:
See Total Step 2 See Annuity Sheet N/A $109,123,411 Total Step 1 + Step 2 Does Licensee Pass:
$435,500,374 NO Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$435,500,374 2% 7 $32,376,332 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$467,876,705 NO ($160,375,058)
Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/15/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Limerick Generating Station, Unit 1 Docket Number: 50-352 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 10 26 2024 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:
$248,238,000 3.00% 13.82 $373,485,736 NO Step 5:
Accumulation:
Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:
see annuity sheet See Annuity Sheet 0 See Total Step 4 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5 See Total Step 4 See Annuity Sheet N/A $118,173,017 Total Step 4 + Step 5 Does Licensee Pass:
$491,658,752 NO Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$491,658,752 2.00% 7 $36,551,305 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$528,210,057 NO ($100,041,706)
Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/15/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 10 26 2024 Real Rate Total Year Annuity: of Return: Accumulation 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% $0 Total: $109,123,411 Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/15/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 10 26 2024 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $7,170,000 3.00% $10,788,112 2012 $7,170,000 3.00% $10,473,895 2013 $7,170,000 3.00% $10,168,830 2014 $7,170,000 3.00% $9,872,650 2015 $7,170,000 3.00% $9,585,097 2016 $7,170,000 3.00% $9,305,920 2017 $7,170,000 3.00% $9,034,874 2018 $7,170,000 3.00% $8,771,722 2019 $7,170,000 3.00% $8,516,235 2020 $7,170,000 3.00% $8,268,189 2021 $7,170,000 3.00% $8,027,368 2022 $7,170,000 3.00% $7,793,561 2023 $7,170,000 3.00% $7,566,564 2024 $0 3.00% $0 Total: $118,173,017 Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/15/2011 Formulas verified by: Clayton Pittiglio