ML112351241
| ML112351241 | |
| 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: ML112351241 (5) | |
Text
Datasheet 1 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Date: 8/10/2011 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 N
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 Carolinas, Inc.
Licensee:
$247,040,027 Amount in Trust Fund:
Rate(s) of Other Factors
$334,055,045 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 2 50-324 RAI Needed (Y/N)
PUC Verified (Y/N)
$87,015,018 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: 8/10/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 12 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%
23.99 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:
$46,537,164 Total Earnings for Decom:
Decom Period:
Total Earnings:
Real Rate of Return per year 2010 Year:
Brunswick Steam Electric Plant, Unit 2 Docket Number:
Date of Operation:
Latest Month Fx
$625,980,497 Years remaining after annuity Px 50-324 27 31 Termination of Operations:
2034 1986$
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 Carolinas, Inc.
North Carolina Eastern Municipal Power Agency
$107,734,734 Total Annuity:
Step 3:
$87,015,018
$247,040,027 Amount in Trust Fund:
$88,790,510 Total Earnings:
$537,189,987 Real Rate of Return per year Total of Steps 1 thru 3:
see annuity sheet Number of Annual Payments:
Accumulation:
Step 2:
Earnings Credit:
$334,055,045 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$334,055,045 Total Step 1 + Step 2
$625,980,497 NO Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
YES
$672,517,661
Datasheet 2 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Date: 8/10/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 12 2010 Year:
Brunswick Steam Electric Plant, Unit 2 Docket Number:
Date of Operation:
50-324 27 31 Termination of Operations:
2034 Day Plant name:
3.00%
23.99 2.00%
See Annuity Sheet See Annuity Sheet 2.00%
7 Does Licensee Pass:
$153,364,633 YES All Others
$180,690,412 Earnings Credit:
Step 4:
Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$90,884,537 Total Annuity Total Earnings:
Type of Fund Real Rate of Return per year YES
$51,527,644 Total Step 5 Total of Steps 4 thru 6:
$744,636,056 Does Licensee Pass:
Total Earnings:
N/A 0
$693,108,412 see annuity sheet See Total Step 4 Decom Period:
Step 6:
$693,108,412 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 Fund Total Annuity:
Number of Annual Payments:
Step 5:
$602,223,875 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: 8/10/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 12 27 2034 Year Annuity:
2011
$7,060,354 2%
$11,354,032 2012
$7,060,354 2%
$11,131,403 2013
$7,060,354 2%
$10,913,141 2014
$7,060,354 2%
$10,699,157 2015
$7,060,354 2%
$10,489,370 2016
$7,060,354 2%
$10,283,696 2017
$7,060,354 2%
$10,082,055 2018
$678,033 2%
$949,234 2019
$678,033 2%
$930,621 2020
$678,033 2%
$912,374 2021
$678,033 2%
$894,484 2022
$678,033 2%
$876,945 2023
$678,033 2%
$859,750 2024
$678,033 2%
$842,893 2025
$678,033 2%
$826,365 2026
$678,033 2%
$810,162 2027
$678,033 2%
$794,276 2028
$678,033 2%
$778,702 2029
$678,033 2%
$763,434 2030
$678,033 2%
$748,464 2031
$678,033 2%
$733,789 2032
$678,033 2%
$719,401 2033
$678,033 2%
$705,295 2034
$678,033 2%
$691,465 Total:
$88,790,510 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: 8/10/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 12 27 2034 ANNUITY Termination of Operations:
Year Annuity:
Year Annuity:
Year Annuity:
2011
$4,847,082 3.00%
$9,850,394 2011
$8 2.00%
$13 2011
$2,213,264 2.00%
$3,559,236 2012
$96,902 3.00%
$191,192 2012
$4,750,188 2.00%
$7,489,180 2012
$2,213,264 2.00%
$3,489,447 2013 3.00%
$0 2013
$4,847,090 2.00%
$7,492,114 2013
$2,213,264 2.00%
$3,421,027 2014 3.00%
$0 2014
$4,847,090 2.00%
$7,345,209 2014
$2,213,264 2.00%
$3,353,948 2015 3.00%
$0 2015
$4,847,090 2.00%
$7,201,186 2015
$2,213,264 2.00%
$3,288,184 2016 3.00%
$0 2016
$4,847,090 2.00%
$7,059,986 2016
$2,213,264 2.00%
$3,223,710 2017 3.00%
$0 2017
$4,847,090 2.00%
$6,921,555 2017
$2,213,264 2.00%
$3,160,500 2018 3.00%
$0 2018
$445,886 2.00%
$624,232 2018
$232,147 2.00%
$325,002 2019 3.00%
$0 2019
$445,886 2.00%
$611,992 2019
$232,147 2.00%
$318,629 2020 3.00%
$0 2020
$445,886 2.00%
$599,993 2020
$232,147 2.00%
$312,381 2021 3.00%
$0 2021
$445,886 2.00%
$588,228 2021
$232,147 2.00%
$306,256 2022 3.00%
$0 2022
$445,886 2.00%
$576,694 2022
$232,147 2.00%
$300,251 2023 3.00%
$0 2023
$445,886 2.00%
$565,386 2023
$232,147 2.00%
$294,364 2024 3.00%
$0 2024
$445,886 2.00%
$554,300 2024
$232,147 2.00%
$288,592 2025 3.00%
$0 2025
$445,886 2.00%
$543,432 2025
$232,147 2.00%
$282,933 2026 3.00%
$0 2026
$445,886 2.00%
$532,776 2026
$232,147 2.00%
$277,386 2027 3.00%
$0 2027
$445,886 2.00%
$522,330 2027
$232,147 2.00%
$271,947 2028 3.00%
$0 2028
$445,886 2.00%
$512,088 2028
$232,147 2.00%
$266,615 2029 3.00%
$0 2029
$445,886 2.00%
$502,047 2029
$232,147 2.00%
$261,387 2030 3.00%
$0 2030
$445,886 2.00%
$492,203 2030
$232,147 2.00%
$256,262 2031 3.00%
$0 2031
$445,886 2.00%
$482,552 2031
$232,147 2.00%
$251,237 2032 3.00%
$0 2032
$445,886 2.00%
$473,090 2032
$232,147 2.00%
$246,311 2033 3.00%
$0 2033
$445,886 2.00%
$463,814 2033
$232,147 2.00%
$241,481 2034 3.00%
$0 2034
$445,886 2.00%
$454,719 2034
$232,147 2.00%
$236,746 Total:
Total:
Total:
Total:
$90,884,537 If licensee is granted greater than 2% RRR Real Rate of Return:
Total Accumulation
$10,041,585
$52,609,120
$28,233,832 Real Rate of Return:
Total Accumulation Real Rate of Return:
Total Accumulation North Carolina Qualified North Carolina NonQualified South Carolina and Wholesale