ML112351092
| ML112351092 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112351092 (4) | |
Text
Datasheet 1 Signature : Kosmas Lois Date: 7/6/2011 Secondary Signature: Jo Ann Simpson Date: 07/13/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:
Category:
100.00%
2 3
4 2.00%
N Y
N Y
Y 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Allowed through Decom (Y/N)
Total Trust Fund Balance Post-RAI Rates Determined (Y/N)
Any 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)
N N
Plant name:
Beaver Valley Power Station, Unit 1 50-334 RAI Needed (Y/N)
PUC Verified (Y/N)
None Docket 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):
Escalation Rate Y
$461,458,231 The total amount of dollars accumulated at the end of the appropriate year: (see below)
N 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)
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 Earnings Allowed through Decom (Y/N)
Rate(s) of Other Factors
$223,843,740 Real Rate of Return PUC Verified (Y/N)
FENGenCo Licensee:
$223,843,740 Amount in Trust Fund:
Datasheet 2 Signature : Kosmas Lois Date: 7/6/2011 Secondary Signature: Jo Ann Simpson Date: 07/13/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 1
PWR 2900
$100,520,000 113.6 2.16 0.65 2.45 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28
% Owned:
Category 100.00%
2 2%
25.08 2%
2%
2%
7
$462,649,735 Total of Steps 1 thru 3:
Number of Annual Payments:
Accumulation:
Step 2:
Earnings Credit:
$223,843,740 Decom Period:
$0 Total Annuity Real Rate of Return per year Total Fund Balance:
$223,843,740 Total Step 1 + Step 2
$367,805,995 Shortfall:
Total Earnings:
Real Rate of Return per year Latest Month Px Amount of NRC Minimum/Site Specific:
BWR/PWR MWth FENGenCo Total Annuity:
Step 3:
$223,843,740 Amount in Trust Fund:
$0 Total Earnings:
$367,805,995 Real Rate of Return per year NO Trust Fund Balance:
Step 1:
Fx Site Specific:
Total Step 2:
Years Left in License 25.08 Real Rate of Return per year Does Licensee Pass:
NO Year:
Beaver Valley Power Station, Unit 1 Docket Number:
Date of Operation:
Latest Month Fx
$367,805,995 Years remaining after annuity Px 50-334 29 31 Termination of Operations:
2036 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$461,324,311 NRC Minimum:
$461,324,311 Parent Company Guarantee
$67,500,000 Bx Ex Lx ECI Base Lx Base Px 2010
$0
$27,343,740 Total Earnings for Decom:
Decom Period:
NO Does Licensee Pass:
Does Licensee Pass:
YES
Datasheet 2 Signature : Kosmas Lois Date: 7/6/2011 Secondary Signature: Jo Ann Simpson Date: 07/13/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 1
Year:
Beaver Valley Power Station, Unit 1 Docket Number:
Date of Operation:
50-334 29 31 Termination of Operations:
2036 Day Plant name:
2010 2.00%
25.08 2.00%
2.00%
2.00%
7 1 FENOC has obtained a $95 Million Parental Guaranty (PCG). The FENGenCO share of the BVPS-1 nuclear decommissioning trust has a shortfall of approximately 66 million dollars and the FENGenCo share of the Perry Nuclear Power Plant has a shortfall of approximately $26 million dollars. The NRC staff decided to account for the guaranty such that $67.5 Million is for Beaver Valley and $27.5 Million is for Perry.
NRC staff took the NRC minimum value required for decommissioning and subtracted it from the $95 million of the new PCG. The figure ($3 Million) was divided in half and added to Beaver Valley and Perry PCG's accordingly. This is how the $67.5 million and $27.5 million was derived.
Real Rate of Return per year Accumulation:
Value of Annuity per year
$223,843,740 Total Annuity:
Number of Annual Payments:
Step 5:
Real Rate of Return per year Total Earnings:
$367,805,995 NO If licensee is granted greater than 2% RRR YES
$27,343,740 Total Step 5 Total of Steps 4 thru 6:
$462,649,735 Does Licensee Pass:
Total Earnings:
25.08 0
$367,805,995
$0
$0 Decom Period:
Step 6:
$367,805,995
$0 Does Licensee Pass:
Real Rate of Return per year Parent Company Guarantee1
$67,500,000 NO Total Step 4 + Step 5 Total Earnings for Decom:
Decom Period:
Total Annuity Does Licensee Pass:
Trust Fund Balance:
Years Left in License Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$0 Earnings Credit:
Step 4:
Datasheet 2 Signature : Kosmas Lois Date: 7/6/2011 Secondary Signature: Jo Ann Simpson Date: 07/13/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
29 2036 Year Annuity:
2011
$0 2%
$0 2012
$0 2%
$0 2013
$0 2%
$0 2014
$0 2%
$0 2015
$0 2%
$0 2016
$0 2%
$0 2017
$0 2%
$0 2018
$0 2%
$0 2019
$0 2%
$0 2020
$0 2%
$0 2021
$0 2%
$0 2022
$0 2%
$0 2023
$0 2%
$0 2024
$0 2%
$0 2025
$0 2%
$0 2026
$0 2%
$0 2027
$0 2%
$0 2028
$0 2%
$0 2029
$0 2%
$0 2030
$0 2%
$0 2031
$0 2%
$0 2032
$0 2%
$0 2033
$0 2%
$0 2034
$0 2%
$0 2035
$0 2%
$0 2036
$0 2%
$0 Total:
$0 ANNUITY Total Accumulation Termination of Operations:
Real Rate of Return: