ML112351259
| ML112351259 | |
| Person / Time | |
|---|---|
| Site: | Catawba  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112351259 (5) | |
Text
Datasheet 1 Plant name: Catawba Nuclear Station, Unit 2 Docket Number: 50-414 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $466,987,774 Did the licensee identify the amount of estimated radiological funds? (Y/N) Y 2 The total amount of dollars accumulated at the end of the appropriate year: (see below)
Licensee: % Owned: Category: Amount in Trust Fund:
North Carolina Municipal Power Agency 1 37.50% 1 $123,831,426 North Carolina Electric Membership Corporation 30.754% 1 $67,484,121 Duke Energy Carolinas, LLC 19.246% 1 $59,548,417 Piedmont Municipal Power Agency 12.50% 1 $29,350,783 Total Trust Fund Balance $280,214,747 3 Schedule of the annual amounts remaining to be collected: (provided/none) Provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Allowed through Decom Return on Escalation Rate Other Verified Needed Verified through Determined of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 1 variable variable1 variable1 N N Y N Y Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change:
(see below) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission Signature: Michael Purdie/JoAnn Simpson Date: 7/20/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Catawba Nuclear Station, Unit 2 Docket Number: 50-414 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 12 5 2043 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3411 $105,000,000 112.8 1.98 0.65 2.23 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28 NRC Minimum: $466,847,886 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
North Carolina Municipal Power Agency 1 37.50% 1 $175,067,957 $123,831,426 North Carolina Electric Membership Corporation 30.75% 1 $143,574,399 $67,484,121 Duke Energy Carolinas, LLC 19.25% 1 $89,849,544 $59,548,417 Piedmont Municipal Power Agency 12.50% 1 $58,355,986 $29,350,783 Total Fund Balance: $280,214,747 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$280,214,747 2% 32.93 $537,878,321 YES Step 2:
Accumulation:
Value of Annuity per year (amount/See Annuity Real Rate of Return Number of Annual Sheet) per year Payments: Total Annuity:
See Annuity Sheet See Annuity Sheet See Total Step 2 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:
See Total Step 2 See Annuity Sheet N/A $205,607,530 Total Step 1 + Step 2 Does Licensee Pass:
$743,485,851 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$743,485,851 2% 7 $55,272,845 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$798,758,696 YES NO Signature: Michael Purdie/JoAnn Simpson Date: 7/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Catawba Nuclear Station, Unit 2 Docket Number: 50-414 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 12 5 2043 If licensee is granted greater than 2% RRR Step 4:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$280,214,747 2.00% 32.93 $537,878,321 YES Step 5:
Accumulation:
Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:
See Annuity Sheet See Annuity Sheet 0 See Total Step 4 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5 See Total Step 4 See Annuity Sheet N/A $205,607,530 Total Step 4 + Step 5 Does Licensee Pass:
$743,485,851 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$743,485,851 2.00% 7 $55,272,845 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$798,758,696 YES NO Signature: Michael Purdie/JoAnn Simpson Date: 7/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 12 5 2043 Real Rate of Year Annuity: Return: Total Accumulation 2011 $4,177,667 2% $8,019,377 2012 $4,177,667 2% $7,862,134 2013 $4,177,667 2% $7,707,975 2014 $4,177,667 2% $7,556,838 2015 $4,177,667 2% $7,408,665 2016 $4,177,667 2% $7,263,397 2017 $4,177,667 2% $7,120,977 2018 $4,177,667 2% $6,981,350 2019 $4,177,667 2% $6,844,461 2020 $4,177,667 2% $6,710,256 2021 $4,177,667 2% $6,578,682 2022 $4,177,667 2% $6,449,688 2023 $4,177,667 2% $6,323,224 2024 $4,177,667 2% $6,199,239 2025 $4,177,667 2% $6,077,685 2026 $4,177,667 2% $5,958,515 2027 $4,177,667 2% $5,841,681 2028 $4,177,667 2% $5,727,139 2029 $4,177,667 2% $5,614,842 2030 $4,177,667 2% $5,504,747 2031 $4,177,667 2% $5,396,811 2032 $4,177,667 2% $5,290,991 2033 $3,740,167 2% $4,644,019 2034 $21,541,591 2% $26,222,894 2035 $3,740,167 2% $4,463,686 2036 $3,740,167 2% $4,376,163 2037 $3,740,167 2% $4,290,356 2038 $3,740,167 2% $4,206,231 2039 $2,445,950 2% $2,696,805 2040 $2,445,950 2% $2,643,927 2041 $2,445,950 2% $2,592,085 2042 $2,445,950 2% $2,541,260 2043 $2,445,950 2% $2,491,431 Total: $205,607,530 Signature: Michael Purdie/JoAnn Simpson Date: 7/20/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 12 5 2043 If licensee is granted greater than 2% RRR Real Rate of Year Annuity: Return: Total Accumulation 2011 $4,177,667 0.00% $4,177,667 2012 $4,177,667 0.00% $4,177,667 2013 $4,177,667 0.00% $4,177,667 2014 $4,177,667 0.00% $4,177,667 2015 $4,177,667 0.00% $4,177,667 2016 $4,177,667 0.00% $4,177,667 2017 $4,177,667 0.00% $4,177,667 2018 $4,177,667 0.00% $4,177,667 2019 $4,177,667 0.00% $4,177,667 2020 $4,177,667 0.00% $4,177,667 2021 $4,177,667 0.00% $4,177,667 2022 $4,177,667 0.00% $4,177,667 2023 $4,177,667 0.00% $4,177,667 2024 $4,177,667 0.00% $4,177,667 2025 $4,177,667 0.00% $4,177,667 2026 $4,177,667 0.00% $4,177,667 2027 $4,177,667 0.00% $4,177,667 2028 $4,177,667 0.00% $4,177,667 2029 $4,177,667 0.00% $4,177,667 2030 $4,177,667 0.00% $4,177,667 2031 $4,177,667 0.00% $4,177,667 2032 $4,177,667 0.00% $4,177,667 2033 $3,740,167 0.00% $3,740,167 2034 $21,541,591 0.00% $21,541,591 2035 $3,740,167 0.00% $3,740,167 2036 $3,740,167 0.00% $3,740,167 2037 $3,740,167 0.00% $3,740,167 2038 $3,740,167 0.00% $3,740,167 2039 $2,445,950 0.00% $2,445,950 2040 $2,445,950 0.00% $2,445,950 2041 $2,445,950 0.00% $2,445,950 2042 $2,445,950 0.00% $2,445,950 2043 $2,445,950 0.00% $2,445,950 Total: $205,607,530 Signature: Michael Purdie/JoAnn Simpson Date: 7/20/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio