ML110940057
| ML110940057 | |
| Person / Time | |
|---|---|
| Site: | Calvert Cliffs, Nine Mile Point, Ginna  |
| Issue date: | 03/29/2011 |
| From: | Mormann S Constellation Energy Nuclear Group, EDF Group |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML110940057 (25) | |
Text
Stephen Mormann VP - Financial Services & Treasurer CENG,.
a joint venture of O n_*
ý-.ý"eD:F Constellation Energy Nuclear Group, LLC 100 Constellation Way Suite 200C Baltimore, MD 21202 (410) 470-4809 March 29, 2011 U. S. Nuclear Regulatory Commission Washington, DC 20555 ATTENTION:
SUBJECT:
Document Control Desk Calvert Cliffs Nuclear Power Plant Unit Nos. I & 2; Docket Nos. 50-317 & 50-318 Nine Mile Point Nuclear Station Unit Nos. 1 & 2; Docket Nos. 50-220 & 50-410 R.E. Ginna Nuclear Power Plant Docket No. 50-244 Biennial Report: Status of Decommissioning Funding
REFERENCES:
(a) Letter from Mr. H. B. Barron (CENG) to Document Control Desk (NRC),
dated November 20, 2009, Submittal of Site-Specific SAFSTOR Decommissioning Cost Estimates (b) Letter from Mr. D. V. Pickett (NRC) to Mr. J. T. Carlin (Ginna) dated December 3, 2009, R.E. Ginna Nuclear Power Plant., LLC's Status of Decommissioning Funding Assurance for R.E. Ginna Nuclear Power Plant (TAC No. ME0522)
(c)
Letter from Mr. R. V. Guzman (NRC) to Mr. S. L. Belcher (NMPNS) dated December 3, 2009, Nine Mile Point Nuclear Station, LLC's Status of Decommissioning Funding Assurance for Nine Mile Point Nuclear Station, Unit No. I (TAC No. ME0540)
(d) Letter from Mr. D. E. Lauver (CCNPP) to Document Control Desk (NRC),
dated March 22,
- 2011, Submittal of Site-Specific SAFSTOR Decommissioning Cost Estimates Pursuant to the requirements of Title 10 Code of Federal Regulations (CFR) 50.75(f)(1), this letter submits the 2011 report on the status of decommissioning funding for Calvert Cliffs Nuclear Power Plant, R.E. Ginna Nuclear Power Plant, and Nine Mile Point Nuclear Station, which are wholly-owned subsidiaries of Constellation Energy Nuclear Group, LLC (CENG). Title 10 CFR 50.75(f)(1) requires that each power reactor licensee report, on a calendar-year basis, to the U.S. Nuclear Regulatory Commission at least once every two years on the status of its decommissioning funding for each reactor or part of a reactor that it owns. This letter and the associated attachments satisfy the requirement for reporting the status of decommissioning liability and funding as of December 31, 2010.
kc) I LAýL
Document Control Desk March 29, 2011 Page 2 The information required by 10 CFR 50.75(f)(1) is provided in Attachment (I). Please note the required information applicable to the Nine Mile Point Nuclear Power Station Unit 2 reactor includes summary statements provided by the 18% co-owner, Long Island Power Authority. Constellation Energy Nuclear Group has not independently verified information provided by this co-owner.
Decommissioning financial assurance for each facility is based on site-specific SAFSTOR decommissioning cost estimates (DCEs), as described in Scenario 3 of References (a) and (d), and summarized in Row I c of each table in Attachment (1). The SAFSTOR approach is consistent with site-specific DCEs previously provided for the Nine Mile Point Nuclear Station Unit 1 and the R.E. Ginna Nuclear Power Plant (Reference a) and as acknowledged in References (b) and (c).
The SAFSTOR study information is provided to reflect consistent assumptions for NRC decommissioning financial assurance analysis scenarios. Constellation Energy Nuclear Group, LLC has not made any final determinations regarding the decommissioning approach to be used for any of the nuclear reactors. Actual decommissioning schedules could vary, as would periodic analyses of CENG's asset retirement obligations. As required by 10 CFR 50.82(a)(4)(i), an actual decommissioning plan, including a schedule, will be submitted to the NRC when each respective unit is within two years of its projected permanent cessation of operation.
All figures provided for these DCEs are for radiological decommissioning through license termination.
All DCEs for this financial assurance alternative, as described in Scenario 1 (immediate decommissioning without SAFSTOR costs) and summarized in Row lb of each table in Attachment (1), are greater than the NRC minimum funding certification amounts summarized in Row 1 a of each table in Attachment (1), as required by 10 CFR 50.75(b)(1). The figures demonstrating the status of the decommissioning funds through the proposed period of decommissioning are set forth in Attachment (2). Attachment (2) data with respect to R.E. Ginna Nuclear Power Plant and Nine Mile Point Nuclear Station Unit I are updates reflecting escalation of the cost data previously provided in Attachment (3) of Reference (a).
There are no new regulatory commitments contained in this letter.
Should you have questions regarding the information in this submittal, please contact Bruce Montgomery at (410) 470-3777 or bruce.montgomery@cengllc.com.
Very truly yours, Stephen A. Mormann Attachments:
(1) 2011 Decommissioning Funding Status Report: Year End 2010 (2) 2011 Decommissioning Funding Analysis and Projected Cash Flow for Site-Specific SAFSTOR Decommissioning Studies cc:
Director, Project Directorate I-1, NRC Resident Inspector, NRC (Nine Mile Point)
D. V. Pickett, NRC S. Gray, Maryland DNR R. V. Guzman, NRC P. D. Eddy, New York State Department of W. M. Dean, NRC Public Service Resident Inspector, NRC (Calvert Cliffs)
A. L. Peterson, NYSERDA Resident Inspector, NRC (Ginna)
ATTACHMENT (1) 2011 DECOMMISSIONING FUNDING STATUS REPORT:
YEAR END 2010 Constellation Energy Nuclear Group, LLC March 29, 2011
ATTACHMENT (1) 2011 DECOMMISSIONING FUNDING STATUS REPORT: YEAR END 2010 Calvert Cliffs Nuclear Power Plant Unit Nos. 1 & 2 Docket Nos. 50-317 & 50-318 Table 1 - Calvert Cliffs Nuclear Power Plant Unit I Unit 2 Total Information Required by 10 CFR 50.75(0(1)
($000's)
($000's)
($000's) 1a The minimum decommissioning fund estimate' as of December 31, 2010, pursuant to 10 CFR 50.75 (b) and (c)
$438'1262
$438'1262
$876,2522 Decommissioning cost estimate from site-specific study Scenario 1 (immediate decommissioning without SAFSTOR lb costs) for Calvert Cliffs Nuclear Power Plant (Reference d)
$4522542
$450,2062
$902,4602 and escalated to end-of-2010 dollars, as described in Attachment (2), that demonstrates the license termination costs are greater than the NRC minimum Decommissioning cost estimate from site-specific study Scenario 3 (SAFSTOR) for Calvert Cliffs Nuclear Power Ic Plant (Reference d) and escalated to end-of-2010 dollars, as
$602,3032
$601,4472
$1,203,7502 described in Attachment (2), that provides an alternative to the NRC minimum in row la above in demonstrating financial assurance The amount accumulated as of December 31, 2010 in the 2
external decommissioning trust pursuant to 10 CFR 50.75 (b)
$209,177
$271,474
$480,651 and (c) 3 Schedule of the annual amounts remaining to be collected
$0
$0
$0 Assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections Annual decommissioning cost escalation 4%
4 Annual after-tax rate of earnings on decommissioning funds 6%'
Frequency of contribution to the decommissioning trust N/A 5
Any contracts upon which CENG is relying pursuant to 10 No CFR 50.75 (e)(1)(ii)(B) 6 Any modifications to CENG's current method of providing Yes4 financial assurance since the last submitted report 7
Any material changes to trust agreements No Page 1 of 8
ATTACHMENT (1) 2011 DECOMMISSIONING FUNDING STATUS REPORT: YEAR END 2010 Table 1 Notes - Calvert Cliffs Nuclear Power Plant Values are based on application of the generic minimum funding calculation specified in 10 CFR 50.75(c)(1), as adjusted in accordance with paragraph 50.75(c)(2) and Revision 14 of NUREG-1307.
The Bureau of Labor Statistics (BLS) values used regarding energy and labor terms were taken from the best source available during the preparation of this submittal, which were the energy indices published as of September 2010 (the latest final data available when drafting this document) and the labor indices published as of December 2010.
These values represent decommissioning costs anticipated to be incurred in removing the Calvert Cliffs Nuclear Power Plant units safely from service and reducing residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The cost of dismantling nonradioactive systems and structures is not included in this estimate, nor is the cost of managing and storing spent fuel on the site until transfer to the U. S. Department of Energy.
The long-term target rate of return for the fund is approximately 6.5%; however., CENG employs here only a 6% rate of return in accordance with the "up to a 2 percent annual real rate of return" limitation set forth in 10 CFR 50.75(e). The weighted average cost escalation value of 4% for all decommissioning costs is based on recent site-specific decommissioning studies performed on a fleet-wide basis.
4 Since the last submitted biennial report, CENG has elected to utilize a site-specific decommissioning cost estimate for demonstrating decommissioning financial assurance.
Constellation Energy Nuclear Group first did so in its November 20, 2009, submittal regarding the Nine Mile Point Nuclear Station Unit I and the R.E. Ginna Nuclear Power Plant (see Reference a).
Reference (d) provides the cost estimate for the Calvert Cliffs Nuclear Power Plant Units I and 2 decommissioning financial assurance.
Constellation Energy Nuclear Group is applying the SAFSTOR decommissioning methodology (Scenario 3 in the cost studies) to all five of its nuclear units.
The decommissioning funding analysis and cash flow projections are provided in Attachment (2).
In accordance with a condition set forth in an October 30, 2009, NRC Order (NRC-2009-0194), "CCNPP, LLC, may no longer rely exclusively on an external sinking fund as its decommissioning funding assurance mechanism and will be required to implement an alternative decommissioning funding assurance mechanism, acceptable per NRC requirements... "
Current funding and the site-specific decommissioning cost estimate provides an acceptable means of financial assurance.
Page 2 of 8
ATTACHMENT (1) 2011 DECOMMISSIONING FUNDING STATUS REPORT: YEAR END 2010 Nine Mile Point Nuclear Station Unit Nos. 1 & 2 Docket Nos. 50-220 & 50-410 Table 2 - Nine Mile Point Nuclear Station' (Constellation Energy Nuclear Group (CENG) Ownership Interest)
Unit I Unit 2 Total Information Required by 10 CFR 50.75(f(1)
($000's)
($000's)
($000's) la The minimum decommissioning fund estimate 2 as of
$559,177'
$513,062'
$1,072,2393 December 31, 2010, pursuant to 10 CFR 50.75 (b) and (c)
Decommissioning cost estimate from site-specific study Scenario 1 (immediate decommissioning without lb SAFSTOR costs) for Nine Mile Point Nuclear Station
$604,5333
$536,355'
$1,140,888' (Reference a) and escalated to end-of-2010 dollars, as described in Attachment (2), that demonstrates the license I termination costs are greater than the NRC minimum Decommissioning cost estimate from site-specific study Scenario 3 (SAFSTOR) for Nine Mile Point Nuclear Ic Station (Reference a) and escalated to end-of-2010 dollars,
$766,578'
$729,114'
$1,495,692' as described in Attachment (2), that provides an alternative to the NRC minimum in row la above in demonstrating financial assurance The amount accumulated as of December 31, 2010 in the 2
external decommissioning trust pursuant to 10 CFR 50.75
$375,329
$237,447
$612,776 (b) and (c) 3 Schedule of the annual amounts remaining to be collected
$0
$0 None Assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections 4
Annual decommissioning cost escalation 4%
Annual after-tax rate of earnings on decommissioning funds 6%4 Frequency of contribution to the decommissioning trust N/A 5
Any contracts upon which CENG is relying pursuant to 10 No CFR 50.75 (e)(1)(ii)(B) 6 Any modifications to CENG's current method of providing Yes 5 financial assurance since the last submitted report 7
Any material changes to trust agreements No Page 3 of 8
ATTACHMENT (1) 2011 DECOMMISSIONING FUNDING STATUS REPORT: YEAR END 2010 Table 2 Notes - Nine Mile Point Nuclear Station (Constellation Energy Nuclear Group Ownership Interest)
On November 7, 2001, Constellation Energy Group (now CENG) completed the acquisition of 100% of Nine Mile Point Nuclear Station Unit 1 (NMP-1) and 82% of Nine Mile Point Nuclear Station Unit 2 (NMP-2). The NMP-1 amounts provided in this table represent the 100% CENG share of decommissioning responsibilities. The NMP-2 amounts provided in this table represent the 82% CENG share of decommissioning responsibilities. Table 3 contains information regarding the 18% share of the liability assumed by the Long Island Power Authority.
Values are based on application of the generic minimum funding calculation specified in 10 CFR 50.75(c)(1), as adjusted in accordance with paragraph 50.75(c)(2) and Revision 14 of NUREG-1307.
The Bureau of Labor Statistics (BLS) values used regarding energy and labor terms were taken from the best source available during the preparation of this submittal, which were the energy indices published as of September 2010 (the latest final data available when drafting this document) and the labor indices published as of December 2010.
These values represent the decommissioning costs, relative to the CENG interests, as anticipated to be incurred in removing the Nine Mile Point Nuclear Station units safely from service and reducing residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The cost of dismantling nonradioactive systems and structures is not included in this estimate, nor is the cost of managing and storing spent fuel on the site until transfer to the U.S. Department of Energy.
4~
The long-term target rate of return for the fund is approximately 6.5%; however, CENG employs here only a 6% rate of return in accordance with the "up to a 2 percent annual real rate of return" limitation set forth in 10 CFR 50.75(e). The weighted average cost escalation value of 4% for all decommissioning costs is based on recent site-specific decommissioning studies performed on a fleet-wide basis.
Since the last submitted biennial report, CENG has elected to utilize a site-specific decommissioning cost estimate for demonstrating decommissioning financial assurance. Reference (a) provides the cost estimate for the Nine Mile Point Nuclear Station, Units I and 2. Constellation Energy Nuclear Group is applying the SAFSTOR decommissioning methodology (Scenario 3 in the cost studies). The decommissioning funding analysis and cash flow projections are provided in Attachment (2). Although the document was not a biennial decommissioning financial assurance submittal, CENG did submit a SAFSTOR financial assurance scenario for its Nine Mile Point Nuclear Station Unit I facility and its R.E. Ginna Nuclear Power Plant facility in a letter dated November 20, 2009. That submittal was acknowledged as providing adequate financial assurance in Reference (c).
Page 4 of 8
ATTACHMENT (1) 2011 DECOMMISSIONING FUNDING STATUS REPORT: YEAR END 2010 Nine Mile Point Nuclear Station Unit Nos. 1 & 2 Docket Nos. 50-220 & 50-410 Table 3 - Nine Mile Point Nuclear Station (Long Island Power Authority 18% NMP-2 Ownership Interest)'
Note: Information in this table for rows 2-7 was provided by the NMP-2 minority owner, Long Island Power Authority.
CENG has not independently verified or assessed the information provided by this co-owner.
Unit 1 Unit 2 Total Information Required by 10 CFR 50.75(f(1)
($000's)
($000's)
($000's)
]a The minimum decommissioning fund estimate2 as of N/A
$112,623'
$112,6233 December 31, 2010, pursuant to 10 CFR 50.75 (b) and (c)
Decommissioning cost estimate from site-specific study Scenario 1 (immediate decommissioning without lb SAFSTOR costs) for Nine Mile Point Nuclear Station N/A
$117,7363
$117,7363 (Reference a) and escalated to end-of-2010 dollars, as described in Attachment (2), that demonstrates the license I termination costs are greater than the NRC minimum Decommissioning cost estimate from site-specific study Scenario 3 (SAFSTOR) for Nine Mile Point Nuclear ic Station (Reference a) and escalated to end-of-2010 dollars, N/A
$160,049'
$160,0493 as described in Attachment (2), that provides an alternative to the NRC minimum in row 1 a above in demonstrating financial assurance The amount accumulated as of December 31, 2010 in the 2
external decommissioning trust pursuant to 10 CFR 50.75 N/A
$ 66,822
$ 66,822 (b) and (c) 3 Schedule of the annual amounts remaining to be collected
$0
$0 None Assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections 4
Annual decommissioning cost escalation N/A 4%
4%
Annual after-tax rate of earnings on decommissioning funds N/A 6%
6%
Frequency of contribution to the decommissioning trust N/A 5
Any contracts upon which Long Island Power Authority is No relying pursuant to 10 CFR 50.75 (e)(1)(ii)(B)
Any modifications to the Long Island Power Authority's 6
current method of providing financial assurance since the Yes 4 last submitted report 7
Any material changes to trust agreements No Page 5 of 8
ATTACHMENT (1) 2011 DECOMMISSIONING FUNDING STATUS REPORT: YEAR END 2010 Table 3 Notes - Nine Mile Point Nuclear Station (Long Island Power Authority 18% NMP-2 Ownership Interest)
On November 7, 2001, Constellation Energy Group (now CENG) completed the acquisition of 100% of Nine Mile Point Nuclear Station Unit I (NMP-1) and 82% of Nine Mile Point Nuclear Station Unit 2 (NMP-2). The NMP-2 amounts provided in this table represent the remaining 18%
Long Island Power Authority (LIPA) share of decommissioning responsibilities.
Constellation Energy Nuclear Group has not independently verified this information as provided by the co-owner.
2 Values are based on application of the generic minimum funding calculation specified in 10 CFR 50.75(c)(1), as adjusted in accordance with paragraph 50.75(c)(2) and Revision 14 of NUREG.1307.
The Bureau of Labor Statistics (BLS) values used regarding energy and labor terms were taken from the best source available during the preparation of this submittal, which were the energy indices published as of September 2010 (the latest final data available when drafting this document) and the labor indices published as of December 2010.
These values represent the decommissioning costs, relative to the LIPA interests, as anticipated to be incurred in removing NMP-2 safely from service and reducing residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The cost of dismantling nonradioactive systems and structures is not included in this estimate, nor is the cost of managing and storing spent fuel on the site until transfer to the U.S. Department of Energy.
Constellation Energy Nuclear Group has not independently verified this information as provided by the co-owner.
4 Since the last submitted biennial report., LIPA has elected to utilize a site-specific decommissioning cost for demonstrating decommissioning financial assurance.
Reference (a) provides the cost estimate for NMP-2. Consistent with CENG, LIPA is applying the SAFSTOR decommissioning methodology (Scenario 3 in the CENG cost studies). The decommissioning funding analysis and cash flow projections are provided in Attachment (2).
Page 6 of 8
ATTACHMENT (1) 2011 DECOMMISSIONING FUNDING STATUS REPORT: YEAR END 2010 R.E. GINNA NUCLEAR POWER PLANT Docket No. 50-244 Table 4 - R.E. Ginna Nuclear Power Plant' Total Information Required by 10 CFR 50.75()(1)
($000')
la The minimum decommissioning fund estimate 2 as of December 31, 2010,
$414,365' pursuant to 10 CFR 50.75 (b) and (c)
Decommissioning cost estimate from site-specific study Scenario 1 (immediate decommissioning without SAFSTOR costs) for R.E. Ginna lb Nuclear Power Plant (Reference a) and escalated to end-of-2010 dollars,
$421,582' as described in Attachment (2), that demonstrates the license termination costs are greater than the NRC minimum Decommissioning cost estimate from site-specific study Scenario 3 (SAFSTOR) for R.E. Ginna Nuclear Power Plant (Reference a) and Ic escalated to end-of-2010 dollars, as described in Attachment (2), that
$623,221' provides an alternative to the NRC minimum in row Ia above in demonstrating financial assurance 2
The amount accumulated as of December 31, 2010 in the external
$264,864 decommissioning trust pursuant to 10 CFR 50.75 (b) and (c) 3 Schedule of the annual amounts remaining to be collected
$0 Assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections Annual decommissioning cost escalation 4%
4 Annual after-tax rate of earnings on decommissioning funds 604 Frequency of contribution to the decommissioning trust N/A 5
Any contracts upon which CENG is relying pursuant to 10 CFR 50.75 No 5 (e)(l)(ii)(B3) 6 Any modifications to CENG's current method of providing financial Yes5 assurance since the last submitted report 7
Any material changes to trust agreements No Page 7 of 8
ATTACHMENT (1) 2011 DECOMMISSIONING FUNDING STATUS REPORT: YEAR END 2010 Table 4 Notes - R.E. Ginna Nuclear Power Plant On June 10, 2004, Constellation Energy Group (now CENG) completed acquisition of 100% of the R.E. Ginna Nuclear Power Plant and associated assets.
The amounts provided in this table represent that 100% CENG share of decommissioning responsibilities.
2 Values are based on application of the generic minimum funding calculation specified in 10 CFR 50.75(c)(1), as adjusted in accordance with paragraph 50.75(c)(2) and Revision 14 of NUREG-1307.
The Bureau of Labor Statistics (BLS) values used regarding energy and labor terms were taken from the best source available during the preparation of this submittal, which were the energy indices published as of September 2010 (the latest final data available when drafting this document) and the labor indices published as of December 2010.
These values represent decommissioning costs anticipated to be incurred in removing the R.E.
Ginna Nuclear Power Plant unit safely from service and reducing residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The cost of dismantling nonradioactive systems and structures is not included in this estimate, nor is the cost of managing and storing spent fuel on the site until transfer to the U. S. Department of Energy.
4 The long-term target rate of return for the fund is approximately 6.5%; however, CENG employs here only 6% rate of return in accordance with the "up to a 2 percent annual real rate of return" limitation set forth in 10 CFR 50.75(e). The weighted average cost escalation value of 4% for all decommissioning costs is based on recent site-specific decommissioning studies performed on a fleet-wide basis.
Since the last submitted biennial report, CENG has elected to utilize a site-specific decommissioning cost estimate for demonstrating decommissioning financial assurance. Reference (a) provides the cost estimate for the R.E. Ginna Nuclear Power Plant. Constellation Energy Nuclear Group is applying the SAFSTOR decommissioning methodology (Scenario 3 in the cost estimate).
The decommissioning funding analysis and cash flow projections are provided in Attachment (2). Although the document was not a biennial decommissioning financial assurance submittal, CENG did submit a SAFSTOR financial assurance scenario for its Nine Mile Point Nuclear Station Unit 1 facility and its R.E Ginna Nuclear Power Plant facility in a letter dated November 20, 2009. That submittal was acknowledged as providing adequate financial assurance in Reference (b).
Page 8 of 8
ATTACHMENT (2) 2011 DECOMMISSIONING FUNDING ANALYSIS AND PROJECTED CASH FLOW FOR SITE-SPECIFIC SAFSTOR DECOMMISSIONING STUDIES Constellation Energy Nuclear Group, LLC March 29, 2011
Constellation Energy Nuclear Group (CENG)
NRC Financial Assurance As of December 31, 2010 Dollars in Thousands Nine Mile Point Calvert Cliffs Unit 2 Unit 1 Unit 2 Unit 1 CENG 82%
LIPA 18%
Total Unit 2 Ginna 7/31/2034 8/13/2036 8/22/2029 10/31/2046 10/31/2046 10/31/2046 9/18/2029 License expiration and shutdown date Radiological Decommissioning Trust Fund Activity:
Trust fund balance as of December 31, 2010 [A]
Less total license termination disbursements per site-specific study (Scenario 3):
In 2009 dollars per 2009 study [B]
Escalated to year-end 2010 dollars [C = B x L (escalation ratio below)]
Trust fund earnings through decommissioning period based on 2% real rate of return [D]
Trust fund balance at end of decommissioning period [E=A+C+D]
Comparison of Site-Specific Studies to NRC Minimum:
Total license termination disbursements per prompt decommissioning scenario of site-specific study (Scenario 1):
In 2009 dollars per 2009 study [F]
Escalated to year-end 2010 dollars [G= F x L (escalation ratio below))
NRC minimum as of December 31, 2010 [H]
Site-specific study amount greater than NRC minimum amount [G > HI
$209,177
$271,474
$375,329
$237,447
$66,822
$304,269
$264,864 (518,244)
(517,507)
(700,583)
(666,344)
(146,271)
(812,615)
(537,306)
(602,303)
(601,447)
(766,578)
(729,114)
(160,049)
(889,163)
(623,221) 420,153 629,687 743,521 750,257 229,116 979,373 484,044 53S5L2,22 5258,590
=a
$389,136 452,254 438,126 Yes
$387,374 450,206 438,126 Yes
$552,489 604,533 559,177 Yes
$490,180 536,355 513,062 Yes
$107,600 117,736 112,623 Yes
$597,780 654,091 625,685 Yes
$363,464 421,582 414,365 Yes 1 A final determination of the decommissioning approach for each of the units has not been made. For the purpose of this financial assurance submittal, each of the projected trust fund balances is based on Scenario 3 of the supporting site-specific study, which is within the guidelines set forth in 10 C.F.R. 50.75. Different decommissioning options that also meet the NRC financial assurance requirements may be chosen in the future. Any funds remaining after the completion of radiological decommissioning could be available for nonradiological decommissioning.
For Nine Mile Point Unit 2 amounts above, the trust fund balance amounts as of December 31, 2010 reflect the actual CENG and Long Island Power Authority (LIPA) fund balances, the disbursement and NRC minimum amounts reflect the 82%/18% CENG/LIPA pro rata ownership split, and the earnings are calculated on the trust fund balances less the pro rata distributions. The supporting site-specific study reflects the cost of decommisioning 100% of the unit.
3 The NRC minimum as of December 31, 2010, including burial costs, is based on NUREG 1307 Rev 14 updated through the Bureau of Labor Statistics published labor and energy indices as of December 31, 2010, except that the energy-related indices are as of September 2010, the most recently published final indices as of the date of this analysis and research.
4 Decommissioning expenditures are assumed to be paid as of January I of each year, apply to only license termination radiological decommissioning costs, and do not include any other decommissioning costs such as costs for spent fuel management or restoration of the site to "greenfield" status.
I Each scenario in the site-specific study was based upon costs in 2009 dollars. These costs were escalated to year-end 2010 at the rate of increase during 2009 and 2010 of the NRC minimum for each unit as calculated below.
Calculation of Cost Escalation Rate (Described in Note 5 Above) - Dollars in Thousands Calvert Cliffs Nine Mile Point Ginna NRC Minimum:
Unit 1 Unit 2 Unit 1 Unit 2 NRC minimum per 2009 NRC Biennial Submittal [JI 1986 Base Year Amounts
$376,413
$376,413
$511,020
$571,801
$357,231 NRC minimum per 2009 Biennial Submittal adjusted for Calvert Cliffs' MWth increase [KI ($98,910/$98,760=1.00152) 376,985 376,985 511,020 571,801 357,231 NRC Minimum per this 2011 NRC Biennial Submittal [H]
438,126 438,126 559,177 625,685 414,365 Ratio of NRC Minimum per 2011 Biennial Submittal to adjusted NRC Minimum per 2009 Biennial Submittal [L=H/K]
1.1622 1.1622 1.0942 1.0942 1.1599 Cost escalation rate from 2009 site-specific studies to this 2011 NRC Biennial Submittal 16.22%
16.22%
9.42%
9.42%
15.99%
Page I of 13
Calvert Cliffs Nuclear Power Plant - Unit 1 (2 Pages)
Trust Fund Balances Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
Radiological Decommissioning Expenditures in Year-end 2010 Dollars C = B x 1.1622 2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050
$ 209,177 213,361 217,628 221,980 226,420 230,948 235,567 240,279 245,084 249,986 254,986 260,085 265,287 270,593 276,005 281,525 287,155 292,898 298,756 304,731 310,826 317,043 323,383 329,851 330,926 329,711 308,545 272,962 274,733 276,539 278,382 274,516 268,733 271,486 274,295 277,159 280,081 283,062 286,102 289,203 4,184 4,267 4,353 4,440 4,528 4,619 4,711 4,806 4,902 5,000 5,100 5,202 5,306 5,412 5,520 5,630 5,743 5,858 5,975 6,095 6,217 6,341 6,468 6,489 6,465 6,050 5,352 5,387 5,422 5,458 5,383 5,269 5,323 5,378 5,434 5,492 5,550 5,610 5,671 5,733 Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D)
$ 209,177 213,361 217,628 221,980 226,420 230,948 235,567 240,279 245,084 249,986 254,986 260,085 265,287 270,593 276,005 281,525 287,155 292,898 298,756 304,731 310,826 317,043 323,383 329,851 330,926 329,711 308,545 272,962 274,733 276,539 278,382 274,516 268,733 271,486 274,295 277,159 280,081 283,062 286,102 289,203 292,365 Page 2 of 13 4,658 6,608 23,418 35,222 3,111 3,111 3,111 7,957 9,510 2,211 2,211 2,211 2,211 2,211 2,211 2,211 2,211 5,413 7,680 27,216 40,935 3,616 3,616 3,616 9,248 11,053 2,570 2,570 2,570 2,570 2,570 2,570 2,570 2,570
Calvert Cliffs Nuclear Power Plant - Unit 1 (2 Pages)
Trust Fund Balances Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
Radiological Decommissioning Expenditures in Year-end 2010 Dollars C = B x 1.1622 2.00%
Annual Trust Fund Earnings D=(A-C)x2%
Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D) 2051 292,365 2052 295,591 2053 298,882 2054 302,238 2055 305,662 2056 309,154 2057 312,215 2058 315,838 2059 319,534 2060 323,303 2061 327,148 2062 331,070 2063 335,070 2064 339,150 2065 343,312 2066 347,215 2067 351,110 2068 355,081 2069 359,133 2070 363,265 2071 367,480 2072 371,780 2073 376,165 2074 380,638 2075 385,200 2076 389,854 2077 394,100 2078 395,424 2079 383,914 2080 304,446 2081 187,898 2082 115,245 2083 64,898 2084 26,583 Totals and Ending Fund Balance 2,211 2,211 2,211 2,211 2,211 2,634 2,211 2,211 2,211 2,211 2,211 2,211 2,211 2,211 2,499 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,996 5,532 16,381 73,513 103,452 64,458 44,415 33,416 75
$ 518,244 2,570 2,570 2,570 2,570 2,570 3,061 2,570 2,570 2,570 2,570 2,570 2,570 2,570 2,570 2,904 2,990
'2,990 2,990 2,990 2,990 2,990 2,990 2,990 2,990 2,990 3,481 6,429 19,038 85,437 120,232 74,913 51,620 38,836 87
$ 602,303 5,796
.5,860 5,926 5,993 6,062 6,122 6,193 6,265 6,339 6,415 6,492 6,570 6,650 6,732 6,808 6,885 6,962 7,042 7,123 7,205 7,290 7,376 7,463 7,553 7,644 7,727 7,753 7,528 5,970 3,684 2,260 1,273 521 530
$ 420,153 295,591 298,882 302,238 305,662 309,154 312,215 315,838 319,534 323,303 327,148 331,070 335,070 339,150 343,312 347,215 351,110 355,081 359,133 363,265 367,480 371,780 376,165 380,638 385,200 389,854 394,100 395,424 383,914 304,446 187,898 115,245 64,898 26,583 27,027 27,027 Page 3 of 13
Calvert Cliffs Nuclear Power Plant - Unit 2 (2 Pages)
Trust Fund Balances Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
Radiological Decommissioning Expenditures in Year-end 2010 Dollars C = B x 1.1622 2.00%
Annual Trust Fund Earnings D=(A-C)x2%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050
$ 271,474 276,903 282,442 288,090 293,852 299,729 305,724 311,838 318,075 324,437 330,925 337,544 344,295 351,181 358,204 365,368 372,676 380,129 387,732 395,486 403,396 411,464 419,693 428,087 431,127 431,916 417,025 379,380 383,280 387,257 391,314 389,707 386,227 391,331 396,536 401,846 407,261 412,785 418,420 424,167 5,429 5,538 5,649 5,762 5,877 5,995 6,114 6,237 6,362 6,489 6,619 6,751 6,886 7,024 7,164 7,307 7,454 7,603 7,755 7,910 8,068 8,229 8,394 8,453 8,469 8,177 7,439 7,515 7,593 7,673 7,641 7,573 7,673 7,775 7,879 7,986 8,094 8,204 8,317 8,432 Radiological Decommissioning Trust Fund Balance as of End of Year E=(A-C+D) 271,474 276,903 282,442 288,090 293,852 299,729 305,724 311,838 318,075 324,437 330,925 337,544 344,295 351,181 358,204 365,368 372,676 380,129 387,732 395,486 403,396 411,464 419,693 428,087 431,127 431,916 417,025 379,380 383,280 387,257 391,314 389,707 386,227 391,331 396,536 401,846 407,261 412,785 418,420 424,167 430,029 Page 4 of 13 4,658 6,608 19,848 38,791 3,111 3,111 3,111 7,957 9,510 2,211 2,211 2,211 2,211 2,211 2,211 2,211 2,211 5,413 7,680 23,068 45,083 3,616 3,616 3,616 9,248 11,053 2,570 2,570 2,570 2,570 2,570 2,570 2,570 2,570
Calvert Cliffs Nuclear Power Plant - Unit 2 (2 Pages)
Trust Fund Balances Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
Radiological Decommissioning Expenditures in Year-end 2010 Dollars C = B x 1.1622 2.00%
Annual Trust Fund Earnings D=(A-C)x2%
Radiological Decommissioning Trust Fund Balance as of End of Year E = (A-C + D) 2051 430,029 2052 436,008 2053 442,107 2054 448,328 2055 454,674 2056 461,146 2057 467,247 2058 473,970 2059 480,829 2060 487,824 2061 494,959 2062 502,237 2063 509,661 2064 517,233 2065 524,956 2066 532,493 2067 540,092 2068 547,844 2069 555,750 2070 563,815 2071 572,041 2072 580,432 2073 588,990 2074 597,720 2075 606,624 2076 615,706 2077 624,469 2078 630,401 2079 623,590 2080 575,076 2081 478,134 2082 392,173 2083 326,997 2084 293,924 Totals and Ending Fund Balance 2,211 2,211 2,211 2,211 2,211 2,634 2,211 2,211 2,211 2,211 2,211 2,211 2,211 2,211 2,499 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,996 5,532 16,381 51,446 91,479 80,580 61,597 33,416 75
$ 517,507 2,570 2,570 2,570 2,570 2,570 3,061 2,570 2,570 2,570 2,570 2,570 2,570 2,570 2,570 2,904 2,990 2,990 2,990 2,990 2,990 2,990 2,990 2,990 2,990 2,990 3,481 6,429 19,038 59,790 106,316 93,651 71,588 38,836 87
$ 601,447 8,549 8,669 8,791 8,915 9,042 9,162 9,294 9,428 9,565 9,705 9,848 9,993 10,142 10,293 10,441 10,590 10,742 10,897 11,055 11,216 11,381 11,549 11,720 11,895 12,073 12,244 12,361 12,227 11,276 9,375 7,690 6,412 5,763 5,877
$ 629,687 436,008 442,107 448,328 454,674 461,146 467,247 473,970 480,829 487,824 494,959 502,237 509,661 517,233 524,956 532,493 540,092 547,844 555,750 563,815 572,041 580,432 588,990 597,720 606,624 615,706 624,469 630,401 623,590 575,076 478,134 392,173 326,997 293,924 299,715 299,715 Page 5 of 13
Nine Mile Point Nuclear Station - Unit 1 (2 Pages)
Trust Fund Balances Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
Radiological Decommissioning Expenditures in Year-end 2010 Dollars C = B x 1.0942 2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048
$ 375,329 382,836 390,492 398,302 406,268 414,394 422,681 431,135 439,758 448,553 457,524 466,674 476,008 485,528 495,239 505,143 515,246 525,551 529,559 485,005 459,912 465,170 470,533 476,004 466,247 460,291 467,520 474,893 482,413 490,084 497,908 505,889 514,030 522,333 530,802 539,438 548,239 557,182 5,827 49,409 31,175 3,530 3,530 3,530 17,272 13,691 1,772 1,772 1,772 1,772 1,772 1,772 1,772 1,772 1,772 1,774 1,781 1,812 1,770 6,376 54,064 34,112 3,863 3,863 3,863 18,899 14,981 1,939 1,939 1,939 1,939 1,939 1,939 1,939 1,939 1,939 1,942 1,949 1,983 1,937 7,507 7,657 7,810 7,966 8,125 8,288 8,454 8,623 8,795 8,971 9,150 9,333 9,520 9,711 9,905 10,103 10,305 10,384 9,510 9,018 9,121 9,226 9,333 9,142 9,025 9,167 9,312 9,459 9,609 9,763 9,919 10,079 10,242 10,408 10,577 10,750 10,925 11,105 Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D)
$ 375,329 382,836 390,492 398,302 406,268 414,394 422,681 431,135 439,758 448,553 457,524 466,674 476,008 485,528 495,239 505,143 515,246 525,551 529,559 485,005 459,912 465,170 470,533 476,004 466,247 460,291 467,520 474,893 482,413 490,084 497,908 505,889 514,030 522,333 530,802 539,438 548,239 557,182 566,350 Page 6 of 13
Nine Mile Point Nuclear Station - Unit 1 (2 Pages)
Trust Fund Balances Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
2049 566,350 2050 574,828 2051 584,349 2052 594,060 2053 603,922 2054 614,013 2055 624,306 2056 634,804 2057 645,512 2058 656,435 2059 667,576 2060 678,940 2061 690,531 2062 702,354 2063 714,414 2064 726,714 2065 739,261 2066 752,058 2067 765,112 2068 778,423 2069 792,004 2070 804,984 2071 819,096 2072 833,419 2073 847,698 2074 843,134 2075 780,024 2076 535,405 2077 392,792 Totals and Ending Fund Balance Radiological Decommissioning Expenditures in 2009 Dollars B
2,552 1,770 1,770 1,809 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,784 1,781 2,563 1,781 1,844 2,141 19,280 71,655 233,154 137,374 43,344
$ 700,583 Radiological Decommissioning Expenditures in Year-end 2010 Dollars C = B x 1.0942 2,793 1,937 1,937 1,980 1,949 1,949 1,949 1,949 1,949 1,949 1,949 1,949 1,949 1,949 1,949 1,949 1,949 1,949 1,953 1,948 2,804 1,948 2,018 2,343 21,096 78,405 255,117 150,315 47,427
$ 766,578 2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
11,271 11,458 11,648 11,842 12,039 12,241 12,447 12,657 12,871 13,090 13,313 13,540 13,772 14,008 14,249 14,495 14,746 15,002
.15,263 15,529 15,784 16,061 16,342 16,622 16,532 15,295 10,498 7,702 6,907
$ 743,521 Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D) 574,828 584,349 594,060 603,922 614,013 624,306 634,804 645,512 656,435 667,576 678,940 690,531 702,354 714,414 726,714 739,261
-752,058 765,112 778,423 792,004 804,984 819,096 833,419 847,698 843,134 780,024 535,405 392,792 352,272 352,272 Page 7 of 13
Nine Mile Point Nuclear Station - Unit 2 - CENG's 82% Portion (2 Pages)
Trust Fund Balances Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
CENG's 82% Portion of Radiological Decommissioning Expenditures in Year-End 2010 Dollars C = B x 1.0942 x 82%
2.00%
Annual Trust Fund Earnings D = (A-C) x2%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053
$ 237,447 242,196 247,040 251,981 257,020 262,161 267,404 272,752 278,207 283,771 289,447 295,235 301,140 307,163 313,306 319,572 325,964 332,483 339,133 345,915 352,834 359,890 367,088 374,430 381,919 389,557 397,348 405,295 413,401 421,669 430,102 438,704 447,479 456,428 465,557 472,286 457,065 416,136 419,625 423,183 426,812 417,414 406,972 4,749 4,844 4,941 5,040 5,140 5,243 5,348 5,455 5,564 5,675 5,789 5,905 6,023 6,143 6,266 6,391 6,519 6,650 6,783 6,918 7,057 7,198 7,342 7,489 7,638 7,791 7,947 8,106 8,268 8,433 8,602 8,774 8,950 9,129 9,261 8,962 8,160 8,228 8,298 8,369 8,185 7,980 8,099 Radiological Decommissioning Trust Fund Balance as of End of Year E =(A - C + D)
$ 237,447 242,196 247,040 251,981 257,020 262,161 267,404 272,752 278,207 283,771 289,447 295,235 301,140 307,163 313,306 319,572 325,964 332,483 339,133 345,915 352,834 359,890 367,088 374,430 381,919 389,557 397,348 405,295 413,401 421,669 430,102 438,704 447,479 456,428 465,557 472,286 457,065 416,136 419,625 423,183 426,812 417,414 406,972 413,056
$ 2,821 26,954 54,709 5,283 5,283 5,283.
19,596 20,531 2,247 2,531 24,184 49,088 4,740 4,740 4,740 17,582 18,421 2,016 Page 8 of 13
Nine Mile Point Nuclear Station - Unit 2 - CENG's 82% Portion (2 Pages)
Trust Fund Balances Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
2054 413,056 2055 419,261 2056 425,590 2057 432,046 2058 438,631 2059 445,347 2060 452,198 2061 459,186 2062 466,314 2063 473,584 2064 480,999 2065 488,563 2066 496,279 2067 504,148 2068 512,171 2069 520,359 2070 527,734 2071 536,233 2072 544,843 2073 553,355 2074 562,162 2075 571,193 2076 580,375 2077 589,730 2078 598,873 2079 607,812 2080 616,931 2081 626,232 2082 635,718 2083 645,395 2084 655,265 2085 665,332 2086 675,601 2087 686,075 2088 696,759 2089 707,656 2090 717,796 2091 716,478 2092 667,635 2093 509,388 2094 355,253 2095 253,861 Totals and Ending Fund Balance Radiological Decommissioning Expenditures in 2009 Dollars B
2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,251 2,246 3,312 2,246 2,311 2,606 2,470 2,416 2,450 2,462 2,897 3,319 3,319 3,319 3,319 3,319 3,319 3,319 3,319 3,319 3,319 3,319 4,385 17,126 69,028 187,501 179,550 118,552 380
$ 812,615 CENG's 82% Portion of Radiological Decommissioning Expenditures in Year-End 2010 Dollars C Bxl1.0942 x82%
2,016 2,016 2,016 2,016 2,016 2,016 2,016 2,016 2,016 2,016 2,016 2,016 2,016 2,020 2,016 2,972 2,016 2,073 2,338 2,216 2,168 2,198 2,209 2,599 2,978 2,978 2,978 2,978 2,978 2,978 2,978 2,978 2,978 2,978 2,978 3,935 15,366 61,935 168,235 161,100 106,371 341
$ 729,114 2.00%
Annual Trust Fund Earnings D= (A -Q x 2%
8,221 8,345 8,471 8,601 8,732 8,867 9,004 9,143 9,286 9,431 9,580 9,731 9,885 10,043 10,203 10,348 10,514 10,683 10,850 11,023 11,200 11,380 11,563 11,743 11,918 12,097 12,279 12,465 12,655 12,848 13,046 13,247 13,452 13,662 13,876 14,074 14,049 13,091 9,988 6,966 4,978 5,070
$ 750,257 Radiological Decommissioning Trust Fund Balance as of End of Year E =(A - C + D) 419,261 425,590 432,046 438,631 445,347 452,198 459,186 466,314 473,584 480,999 488,563 496,279 504,148 512,171 520,359 527,734 536,233 544,843 553,355 562,162 571,193 580,375 589,730 598,873 607,812 616,931 626,232 635,718 645,395 655,265 665,332 675,601 686,075 696,759 707,656 717,796 716,478 667,635 509,388 355,253 253,861 258,590
$ 258,590 Page 9 of 13
Nine Mile Point Nuclear Station - Unit 2 - LIPA's 18% Portion (2 Pages)
Trust Fund Balances Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
LIPA's 18% Portion of Radiological Decommissioning Expenditures in Year-End 2010 Dollars C =B x1.0942 x18%
2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053
$ 66,822 68,158 69,522 70,912 72,330 73,777 75,252 76,757 78,293 79,858 81,456 83,085 84,746 86,441 88,170 89,934 91,732 93,567 95,438 97,347 99,294 101,280 103,305 105,372 107,479 109,629 111,821 114,058 116,339 118,665 121,039 123,460 125,929 128,447 131,016 133,070 130,317 121,932 123,309 124,714 126,147 124,734 123,104
$ 1,336 1,363 1,390 1,418 1,447 1,476 1,505 1,535 1,566 1,597 1,629 1,662 1,695 1,729 1,763 1,799 1,835 1,871 1,909 1,947 1,986 2,026 2,066 2,107 2,150 2,193 2,236 2,281 2,327 2,373 2,421 2,469 2,519 2,569 2,609 2,555 2,391 2,418 2,445 2,473 2,446 2,414 2,453 Radiological Decommissioning Trust Fund Balance as of End of Year E (A -C +D)
$ 66,822 68,158 69,522 70,912 72,330 73,777 75,252 76,757 78,293 79,858 81,456 83,085 84,746 86,441 88,170 89,934 91,732 93,567 95,438 97,347 99,294 101,280 103,305 105,372 107,479 109,629 111,821 114,058 116,339 118,665 121,039 123,460 125,929 128,447 131,016 133,070 130,317 121,932 123,309 124,714 126,147 124,734 123,104 125,114
$2,821 26,954 54,709 5,283 5,283 5,283 19,596 20,531 2,247 556 5,309 10,775 1,040 1,040 1,040 3,860 4,044 442 Page 10 of 13
Nine Mile Point Nuclear Station - Unit 2 - LIPA's 18% Portion (2 Pages)
Trust Fund Balances Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
LIPA's 18% Portion of Radiological Decommissioning Expenditures in Year-End 2010 Dollars C = B x 1.0942 x 18%
2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
2054 125,114 2055 127,165 2056 129,257 2057 131,391 2058 133,568 2059 135,788 2060 138,052 2061 140,362 2062 142,718 2063 145,121 2064 147,572 2065 150,072 2066 152,622 2067 155,223 2068 157,875 2069 160,582 2070 163,128 2071 165,939 2072 168,794
.2073 171,646 2074 174,583 2075 177,589 2076 180,649 2077 183,767 2078 186,860 2079 189,931 2080 193,063 2081 196,257 2082 199,515 2083 202,839 2084 206,229 2085 209,686 2086 213,213 2087 216,811 2088 220,480 2089 224,223 2090 227,826 2091 228,942 2092 219,654 2093 186,379 2094 154,035 2095 133,300 Totals and Ending Fund Balance 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,251 2,246 3,312 2,246 2,311 2,606 2,470 2,416 2,450 2,462 2,897 3,319 3,319 3,319 3,319 3,319 3,319 3,319 3,319 3,319 3,319 3,319 4,385 17,126 69,028 187,501 179,550 118,552 380
$ 812,615 442 442 442 442 442 442 442 442 442 442 442 442 442 443 442 652 442 455 513 486 476 482 485 571 654 654 654 654 654 654 654 654 654 654 654 864 3,373 13,595 36,930 35,364 23,350 75 160,049 2,493 2,534 2,576 2,619 2,663 2,707 2,752 2,798 2,846 2,894 2,943 2,993 3,044 3,096 3,149 3,199 3,254 3,310 3,366 3,423 3,482 3,542 3,603 3,664 3,724 3,786 3,848 3,912 3,977 4,044 4,111 4,181 4,251 4,323 4,397 4,467 4,489 4,307 3,654 3,020 2,614 2,664
$ 229,116 Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D) 127,165 129,257 131,391 133,568 135,788 138,052 140,362 142,718 145,121 147,572 150,072 152,622 155,223 157,875 160,582 163,128 165,939 168,794 171,646 174,583 177,589 180,649 183,767 186,860 189,931 193,063 196,257 199,515 202,839 206,229 209,686 213,213 216,811 220,480 224,223 227,826 228,942 219,654 186,379 154,035 133,300 135,889
$ 135,889 Page 11 of 13
R. E. Ginna Nuclear Power Plant (2 Pages)
Trust Fund Balances Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
Radiological Decommissioning Expenditures in Year-end 2010 Dollars C = B x 1.1599 2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048
$ 264,864 270,161 275,565 281,076 286,697 292,431 298,280 304,245 310,330 316,537 322,868 329,325 335,912 342,630 349,482 356,472 363,602 370,874 370,583 341,164 323,585 325,428 327,308 329,225 330,056 315,482 319,091 322,771 326,525 330,354 334,260 338,244 342,307 346,452 350,680 354,992 358,606 362,179 6,515 31,130 20,626 3,913 3,913 3,913 4,863 17,897 2,283 2,283 2,283 2,283 2,283 2,283 2,283 2,283 2,283 2,283 2,946 3,042 3,042 7,557 36,108 23,924 4,538 4,538 4,538 5,641 20,759 2,648 2,648 2,648 2,648 2,648 2,648 2,648 2,648 2,648 2,648 3,417 3,528 3,528 5,297 5,403 5,511 5,622 5,734 5,849 5,966 6,085 6,207 6,331 6,457 6,587 6,718 6,853 6,990 7,129 7,272 7,266 6,689 6,345 6,381 6,418 6,455 6,472 6,186 6,257 6,329 6,402 6,478 6,554 6,632 6,712 6,793 6,876 6,961 7,031 7,102 7,173 Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D)
$ 264,864 270,161 275,565 281,076 286,697 292,431 298,280 304,245 310,330 316,537 322,868 329,325 335,912 342,630 349,482 356,472 363,602 370,874 370,583 341,164 323,585 325,428 327,308 329,225 330,056 315,482 319,091 322,771 326,525 330,354 334,260 338,244 342,307 346,452 350,680 354,992 358,606 362,179 365,824 Page 12 of 13
R. E. Ginna Nuclear Power Plant (2 Pages)
Trust Fund Balances Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
2049 365,824 2050 369,124 2051 372,907 2052 376,766 2053 380,703 2054 384,718 2055 388,813 2056 392,991 2057 397,252 2058 401,598 2059 406,031 2060 410,552 2061 415,165 2062 419,869 2063 424,667 2064 429,562 2065 434,554 2066 439,646 2067 444,840 2068 450,138 2069 455,542 2070 460,636 2071 466,250 2072 471,976 2073 477,816 2074 483,774 2075 484,633 2076 466,596 2077 340,488 2078 191,326 Totals and Ending Fund Balance Radiological Decommissioning Expenditures in 2009 Dollars B
3,395 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,395 3,042 3,042 3,042 3,042 7,452 23,438 114,479 131,833 58,715
$ 537,306 Radiological Decommissioning Expenditures in Year-end 2010 Dollars C = B x 1.1599 3,938 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,528 3,938 3,528 3,528 3,528 3,528 8,643 27,186 132,784 152,914 68,104
$ 623,221 2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
7,238 7,312 7,388 7,465 7,543 7,624 7,706 7,789 7,874 7,961 8,050 8,140 8,233 8,327 8,423 8,521 8,621 8,722 8,826 8,932 9,032 9,142 9,254 9,369 9,486 9,503 9,149 6,676 3,751 2,464
$ 484,044 Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D) 369,124 372,907 376,766 380,703 384,718 388,813 392,991 397,252 401,598 406,031 410,552 415,165 419,869 424,667 429,562 434,554 439,646 444,840 450,138 455,542 460,636 466,250 471,976 477,816 483,774 484,633 466,596 340,488 191,326 125,686
$ 125,686 Page 13 of 13