ML112351240
| ML112351240 | |
| Person / Time | |
|---|---|
| Site: | Brunswick  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112351240 (5) | |
Text
Datasheet 1 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Date: 8/9/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:
Category:
81.67%
1 18.33%
1 3
4 variable1 3.00%
variable1 Y
N Y
Y N
Y 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 1 Rates provided are variable because the rates are not consistent throughout the funds of the licensee Y2 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 Post-RAI Rates Determined (Y/N)
Total Trust Fund Balance 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)
Y
$587.9million The total amount of dollars accumulated at the end of the appropriate year: (see below)
North Carolina Eastern Municipal Power Agency Progress Energy Carolina Licensee:
$224,176,756 Amount in Trust Fund:
Rate(s) of Other Factors
$303,743,766 Real Rate of Return PUC Verified (Y/N) 2 Effective 2/16/2010, Progress Energy Service Company, LLC engaged Watson Wyatt Investment Consulting, Inc., a Tower Watson company as its new investment advisor. Towers Watson Advises Progress Energy on its trust investments including its nuclear decommissioning trusts.
Plant name:
Brunswick Steam Electric Plant, Unit 1 50-325 RAI Needed (Y/N)
PUC Verified (Y/N)
$79,567,010 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):
Escalation Rate Allowed through Decom (Y/N)
Datasheet 2 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Date: 8/9/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 9
BWR 2923
$130,307,000 112.8 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 81.67%
1 18.33%
1 2%
25.69 See Annuity Sheet See Annuity Sheet 2%
7 Bx Ex Lx ECI Base Lx Base Px NRC Minimum:
$587,750,866 Trust Fund Balance:
Step 1:
$44,587,067 Total Earnings for Decom:
Decom Period:
Total Earnings:
Real Rate of Return per year 2010 Year:
Brunswick Steam Electric Plant, Unit 1 Docket Number:
Date of Operation:
Latest Month Fx
$599,749,359 Years remaining after annuity Px 50-325 8
31 Termination of Operations:
2036 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$480,016,132 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 Latest Month Px Amount of NRC Minimum/Site Specific:
BWR/PWR MWth Progress Energy Carolina North Carolina Eastern Municipal Power Agency
$107,734,734 Total Annuity:
Step 3:
$79,567,010
$224,176,756 Amount in Trust Fund:
$94,599,929 Total Earnings:
$505,149,430 Real Rate of Return per year Total of Steps 1 thru 3:
see annuity sheet Number of Annual Payments:
Accumulation:
Step 2:
Earnings Credit:
$303,743,766 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$303,743,766 Total Step 1 + Step 2
$599,749,359 NO Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
YES
$644,336,426
Datasheet 2 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Date: 8/9/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 9
2010 Year:
Brunswick Steam Electric Plant, Unit 1 Docket Number:
Date of Operation:
50-325 8
31 Termination of Operations:
2036 Day Plant name:
3.00%
25.69 2.00%
See Annuity Sheet See Annuity Sheet 2.00%
7 Does Licensee Pass:
$137,755,072 NO All Others
$165,988,694 Earnings Credit:
Step 4:
Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$94,599,929 Total Annuity Total Earnings:
Type of Fund Real Rate of Return per year YES
$49,437,789 Total Step 5 Total of Steps 4 thru 6:
$714,435,157 Does Licensee Pass:
Total Earnings:
N/A 0
$664,997,368 see annuity sheet See Total Step 4 Decom Period:
Step 6:
$664,997,368 See Total Step 4 Does Licensee Pass:
Real Rate of Return per year YES Total Step 4 + Step 5 Total Earnings for Decom:
Decom Period:
Accumulation:
Value of Annuity per year North Carolina Qualified Total Annuity:
Number of Annual Payments:
Step 5:
$570,397,439 If licensee is granted greater than 2% RRR Real Rate of Return Years Left in Trust Fund Balance:
Datasheet 2 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Date: 8/9/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 9
8 2036 Year Annuity:
2011
$7,118,386 2%
$11,838,802 2012
$5,927,168 2%
$9,664,365 2013
$5,927,168 2%
$9,474,867 2014
$5,927,168 2%
$9,289,086 2015
$5,927,168 2%
$9,106,947 2016
$5,927,168 2%
$8,928,379 2017
$5,927,168 2%
$8,753,313 2018
$1,202,765 2%
$1,741,429 2019
$1,202,765 2%
$1,707,284 2020
$1,202,765 2%
$1,673,807 2021
$1,202,765 2%
$1,640,988 2022
$1,202,765 2%
$1,608,811 2023
$1,202,765 2%
$1,577,266 2024
$1,202,765 2%
$1,546,339 2025
$1,202,765 2%
$1,516,019 2026
$1,202,765 2%
$1,486,293 2027
$1,202,765 2%
$1,457,150 2028
$1,202,765 2%
$1,428,578 2029
$1,202,765 2%
$1,400,567 2030
$1,202,765 2%
$1,373,105 2031
$1,202,765 2%
$1,346,181 2032
$1,202,765 2%
$1,319,786 2033
$1,202,765 2%
$1,293,908 2034
$1,202,765 2%
$1,268,537 2035
$1,202,765 2%
$1,243,664 2036
$902,074 2%
$914,459 Total:
$94,599,929 ANNUITY Total Accumulation Termination of Operations:
Real Rate of Return:
Datasheet 2 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Date: 8/9/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 9
8 2036 ANNUITY Termination of Operations:
Year Annuity:
2011
$7,118,386 2.00%
$11,838,802 2012
$5,927,168 2.00%
$9,664,365 2013
$5,927,168 2.00%
$9,474,867 2014
$5,927,168 2.00%
$9,289,086 2015
$5,927,168 2.00%
$9,106,947 2016
$5,927,168 2.00%
$8,928,379 2017
$5,927,168 2.00%
$8,753,313 2018
$1,202,765 2.00%
$1,741,429 2019
$1,202,765 2.00%
$1,707,284 2020
$1,202,765 2.00%
$1,673,807 2021
$1,202,765 2.00%
$1,640,988 2022
$1,202,765 2.00%
$1,608,811 2023
$1,202,765 2.00%
$1,577,266 2024
$1,202,765 2.00%
$1,546,339 2025
$1,202,765 2.00%
$1,516,019 2026
$1,202,765 2.00%
$1,486,293 2027
$1,202,765 2.00%
$1,457,150 2028
$1,202,765 2.00%
$1,428,578 2029
$1,202,765 2.00%
$1,400,567 2030
$1,202,765 2.00%
$1,373,105 2031
$1,202,765 2.00%
$1,346,181 2032
$1,202,765 2.00%
$1,319,786 2033
$1,202,765 2.00%
$1,293,908 2034
$1,202,765 2.00%
$1,268,537 2035
$1,202,765 2.00%
$1,243,664 2036
$902,074 2.00%
$914,459 Total:
$94,599,929 North Carolina NonQualified, South Carolina and Wholesale If licensee is granted greater than 2% RRR Real Rate of Return:
Total Accumulation