ML112370012
| ML112370012 | |
| Person / Time | |
|---|---|
| Site: | Grand Gulf  |
| Issue date: | 11/14/2011 |
| From: | Szabo A L Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112370012 (5) | |
Text
Datasheet 1Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo
Date: 8/17/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:90.00%110.00%1 3 4variable 1variable 1variable 1 N N Y Y N Y 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 2 See the Unit Power Sales Agreement, a FERC tariff, in Attachment 2-C; and see also the Availability Agreement, in Attachment 2-C, which includes additional provisions related to decommissioning financial assurance. It is the licensee's position that the Unit Power Sales Agreement is not a 10 CFR §50.75(e)(1)(v) "contractual obligation," but, rather a cost of service tariff which may appropriately be used to fund the external sinking fund in accordance with 10 CFR
§50.75(e)(1)(ii). Out of abundance of caution, the licensee identifies this information here.
1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommissionIf 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)
Escalation Rate NAllowed through Decom (Y/N)
Total Trust Fund BalancePost-RAI Rates Determined (Y/N)Any material changes to trust agreements? (Y/N)
N Y 2Plant name:Grand Gulf Nuclear Station50-416RAI Needed (Y/N)PUC Verified (Y/N)$39,400,000providedDocket 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):
Y$609,100,000The total amount of dollars accumulated at the end of the appropriate year: (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 FactorsLicensee:$386,200,000Amount in Trust Fund:$425,600,000 Real Rate of ReturnPUC Verified (Y/N)SMEPASERIAssumptions 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)
Datasheet 2Signature: Shawn HarwellDate: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:1211BWR 3898$135,000,000112.81.980.652.231.676191.4114.23.049250.082.00.132.3070.2212.54% Owned:Category90.00%110.00%1 2%13.83See Annuity SheetSee Annuity Sheet 2%7$966,454,033 NOShortfall:YESDoes Licensee Pass:Does Licensee Pass:YESTotal of Steps 1 thru 3:See Annuity SheetNumber of Annual Payments:Accumulation:Step 2:Earnings Credit:$425,600,000Decom Period:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Fund Balance:$425,600,000Total Step 1 + Step 2$899,576,935$66,877,099Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthSERISMEPA$60,891,868Total Annuity:Step 3:$39,400,000$386,200,000Amount in Trust Fund:$339,844,492Total Earnings:$559,732,442Real 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$899,576,935Years remaining after annuity Px50-416 131Termination of Operations:2024 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$548,026,815NRC Minimum:$608,918,683Trust Fund Balance:Step 1: Bx Ex LxECIBase LxBase Px2010Year:Grand Gulf Nuclear StationDocket Number:Date of Operation:Latest Month Fx Datasheet 2Signature: Shawn HarwellDate: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:121150-416 131Termination of Operations:2024DayPlant name:2010Year:Grand Gulf Nuclear StationDocket Number:Date of Operation:2.00%13.836.00%13.83See Annuity SheetSee Annuity Sheet2.00%7Real Rate of Return per yearAccumulation:Value of Annuity per year$386,200,000Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return Total Earnings:$507,915,106 NOIf licensee is granted greater than 2% RRR$39,400,000$88,224,576Licensee:SMEPASERIYES$69,583,716Total Step 5Total of Steps 4 thru 6:$1,005,567,890Does Licensee Pass:Total Earnings:N/A 0$935,984,175See Annuity SheetSee Total Step 5Decom Period:Step 6:$935,984,175See Total Step 5Does Licensee Pass:Real Rate of Return per yearYESTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in Shortfall:
NOReal Rate of Return per yearYears remaining after annuity$339,844,492Earnings Credit:Step 4:
Datasheet 2Signature: Shawn HarwellDate: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 11 1 2024YearAnnuity: 2011$23,785,000 2%$31,282,090 2012$23,785,000 2%$30,668,716 2013$23,785,000 2%$30,067,368 2014$23,785,000 2%$29,477,812 2015$22,285,000 2%$27,077,250 2016$24,550,000 2%$29,244,435 2017$24,550,000 2%$28,671,015 2018$24,550,000 2%$28,108,838 2019$24,550,000 2%$27,557,685 2020$24,550,000 2%$27,017,338 2021$29,878,000 2%$32,236,094 2022$17,429,000 2%$18,435,851 2023$0 2%$0 2024$0 2%$0Total:$339,844,492ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:
Datasheet 2Signature: Shawn HarwellDate: 7/11/2011 Signature: Aaron L. Szabo Date: 8/17/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 11 1 2024ANNUITYTermination of Operations:YearAnnuity: 2011$23,785,0002.00%$31,282,090 2012$23,785,0002.00%$30,668,716 2013$23,785,0002.00%$30,067,368 2014$23,785,0002.00%$29,477,812 2015$22,285,0002.00%$27,077,250 2016$24,550,0002.00%$29,244,435 2017$24,550,0002.00%$28,671,015 2018$24,550,0002.00%$28,108,838 2019$24,550,0002.00%$27,557,685 2020$24,550,0002.00%$27,017,338 2021$29,878,0002.00%$32,236,094 2022$17,429,0002.00%$18,435,851 2023$02.00%$0 2024$02.00%$0Total:$339,844,492If licensee is granted greater than 2% RRRReal Rate of Return:Total Accumulation