ML112351230

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2010 DFS Report Analysis for Browns Ferry Nuclear Power Station, Unit 2
ML112351230
Person / Time
Site: Browns Ferry Tennessee Valley Authority icon.png
Issue date: 11/14/2011
From: Szabo A
Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112351230 (5)


Text

Datasheet 1 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Date: 7/6/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1

2

% Owned:

Category:

100.00%

1 3

4 9.00%

4.00%

5.00%

N Y

Y Y

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)

Plant name:

Brown's Ferry Nuclear Power Station, Unit 2 50-260 RAI Needed (Y/N)

PUC Verified (Y/N) provided 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):

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)

Escalation Rate N

N Y

$609,100,000 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

$157,714,181 Real Rate of Return PUC Verified (Y/N)

TVA Licensee:

$157,714,181 Amount in Trust Fund:

Datasheet 2 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Date: 7/6/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 6

BWR 3458

$135,000,000 112.8 1.98 0.65 2.23 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.307 0.22 12.54

% Owned:

Category 100.00%

1 2%

23.49 See Annuity Sheet See Annuity Sheet 2%

7

$276,404,012

($332,514,672)

Shortfall:

NO Does Licensee Pass:

Does Licensee Pass:

NO Total of Steps 1 thru 3:

See Annuity Sheet Number of Annual Payments:

Accumulation:

Step 2:

Earnings Credit:

$157,714,181 Decom Period:

See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:

$157,714,181 Total Step 1 + Step 2

$257,277,289

$19,126,723 Total Earnings for Decom:

Decom Period:

Total Earnings:

Real Rate of Return per year Latest Month Px Amount of NRC Minimum/Site Specific:

BWR/PWR MWth TVA Total Annuity:

Step 3:

$157,714,181 Amount in Trust Fund:

$6,144,109 Total Earnings:

$251,133,179 Real Rate of Return per year Fx Site Specific:

Total Step 2:

Years Left in License N/A Real Rate of Return per year Does Licensee Pass:

NO See Total Step 2

$257,277,289 Years remaining after annuity Px 50-260 28 31 Termination of Operations:

2034 1986$

Day Base Fx Plant name:

Value of Annuity per year (amount/See Annuity Sheet)

Licensee:

$608,918,683 NRC Minimum:

$608,918,683 Trust Fund Balance:

Step 1:

Bx Ex Lx ECI Base Lx Base Px 2010 Year:

Brown's Ferry Nuclear Power Station, Unit 2 Docket Number:

Date of Operation:

Latest Month Fx

Datasheet 2 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Date: 7/6/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 6

50-260 28 31 Termination of Operations:

2034 Day Plant name:

2010 Year:

Brown's Ferry Nuclear Power Station, Unit 2 Docket Number:

Date of Operation:

5.00%

23.49 See Annuity Sheet See Annuity Sheet 5.00%

7 Real Rate of Return per year Accumulation:

Value of Annuity per year

$157,714,181 Total Annuity:

Number of Annual Payments:

Step 5:

Real Rate of Return per year Total Earnings:

$496,186,695 NO If licensee is granted greater than 2% RRR NO

$102,854,725 Total Step 5 Total of Steps 4 thru 6:

$608,158,670 Does Licensee Pass:

Total Earnings:

N/A 0

$505,303,945 See Annuity Sheet See Total Step 4 Decom Period:

Step 6:

$505,303,945 See Total Step 4 Does Licensee Pass:

Real Rate of Return per year 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:

($760,014)

Real Rate of Return per year Years remaining after annuity

$9,117,250 Earnings Credit:

Step 4:

Datasheet 2 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Date: 7/6/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 6

28 2034 Year Annuity:

2011

$200,000 2%

$318,476 2012

$200,000 2%

$312,232 2013

$200,000 2%

$306,109 2014

$200,000 2%

$300,107 2015

$200,000 2%

$294,223 2016

$200,000 2%

$288,454 2017

$200,000 2%

$282,798 2018

$200,000 2%

$277,253 2019

$200,000 2%

$271,816 2020

$200,000 2%

$266,487 2021

$200,000 2%

$261,261 2022

$200,000 2%

$256,139 2023

$200,000 2%

$251,116 2024

$200,000 2%

$246,193 2025

$200,000 2%

$241,365 2026

$200,000 2%

$236,633 2027

$200,000 2%

$231,993 2028

$200,000 2%

$227,444 2029

$200,000 2%

$222,984 2030

$200,000 2%

$218,612 2031

$200,000 2%

$214,325 2032

$200,000 2%

$210,123 2033

$200,000 2%

$206,003 2034

$200,000 2%

$201,964 Total:

$6,144,109 ANNUITY Total Accumulation Termination of Operations:

Real Rate of Return:

Datasheet 2 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Date: 7/6/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 6

28 2034 ANNUITY Termination of Operations:

Year Annuity:

2011

$200,000 5.00%

$629,272 2012

$200,000 5.00%

$599,306 2013

$200,000 5.00%

$570,768 2014

$200,000 5.00%

$543,589 2015

$200,000 5.00%

$517,703 2016

$200,000 5.00%

$493,051 2017

$200,000 5.00%

$469,572 2018

$200,000 5.00%

$447,212 2019

$200,000 5.00%

$425,916 2020

$200,000 5.00%

$405,634 2021

$200,000 5.00%

$386,318 2022

$200,000 5.00%

$367,922 2023

$200,000 5.00%

$350,402 2024

$200,000 5.00%

$333,716 2025

$200,000 5.00%

$317,825 2026

$200,000 5.00%

$302,690 2027

$200,000 5.00%

$288,277 2028

$200,000 5.00%

$274,549 2029

$200,000 5.00%

$261,475 2030

$200,000 5.00%

$249,024 2031

$200,000 5.00%

$237,166 2032

$200,000 5.00%

$225,872 2033

$200,000 5.00%

$215,116 2034

$200,000 5.00%

$204,873 Total:

$9,117,250 If licensee is granted greater than 2% RRR Real Rate of Return:

Total Accumulation