ML112351265

2010 DFS Report Analysis for Comanche Peak Steam Electric Station, Unit 2

ML112351265
Person / Time
Site:	Comanche Peak
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112351265 (5)

Text

Datasheet 1 Plant name: Comanche Peak Steam Electric Station, Unit 2 Docket Number: 50-446 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $467,000,000 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:

Luminant Gen Co 100.00% 1 $276,625,837 Total Trust Fund Balance $276,625,837 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 Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)

Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) variable1 2.50% variable1 N N Y Y N 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: Shawn W. Harwell Date: 6/14/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/16/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Comanche Peak Steam Electric Station, Unit 2 Docket Number: 50-446 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 2 2 2033 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3458 $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:

Luminant Gen Co 100.00% 1 $466,847,886 $276,625,837 Total Fund Balance: $276,625,837 Step 1:

Earnings Credit:

Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:

$276,625,837 2% 22.09 $428,397,157 NO 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 $204,828,152 Total Step 1 + Step 2 Does Licensee Pass:

$633,225,309 YES Step 3:

Decom Period:

Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:

$633,225,309 2% 7 $47,075,764 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$680,301,073 YES NO Signature: Shawn W. Harwell Date: 6/14/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/16/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Comanche Peak Steam Electric Station, Unit 2 Docket Number: 50-446 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 2 2 2033 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:

$276,625,837 2.33% 18.00 $418,425,148 NO

$418,425,148 2.00% 4.09 $453,699,735 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 $213,071,063 Total Step 4 + Step 5 Does Licensee Pass:

$666,770,798 YES Step 6:

Decom Period:

Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:

$666,770,798 2.00% 7 $49,569,631 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$716,340,429 YES NO Signature: Shawn W. Harwell Date: 6/14/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/16/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 2 2 2033 Real Rate Total Year Annuity: of Return: Accumulation 2011 $7,300,000 2% $11,305,517 2012 $7,300,000 2% $11,083,841 2013 $7,300,000 2% $10,866,510 2014 $7,300,000 2% $10,653,442 2015 $7,300,000 2% $10,444,551 2016 $7,300,000 2% $10,239,755 2017 $7,300,000 2% $10,038,976 2018 $7,300,000 2% $9,842,133 2019 $7,300,000 2% $9,649,150 2020 $7,300,000 2% $9,459,951 2021 $7,300,000 2% $9,274,462 2022 $7,300,000 2% $9,092,610 2023 $7,300,000 2% $8,914,323 2024 $7,300,000 2% $8,739,533 2025 $7,300,000 2% $8,568,169 2026 $7,300,000 2% $8,400,166 2027 $7,300,000 2% $8,235,457 2028 $7,300,000 2% $8,073,977 2029 $7,300,000 2% $7,915,664 2030 $7,300,000 2% $7,760,455 2031 $7,300,000 2% $7,608,289 2032 $7,300,000 2% $7,459,107 2033 $1,200,000 2% $1,202,112 Total: $204,828,152 Signature: Shawn W. Harwell Date: 6/14/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/16/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 2 2 2033 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $7,300,000 2.33% $12,130,357 2012 $7,300,000 2.33% $11,854,653 2013 $7,300,000 2.33% $11,585,216 2014 $7,300,000 2.33% $11,321,902 2015 $7,300,000 2.33% $11,064,573 2016 $7,300,000 2.33% $10,813,093 2017 $7,300,000 2.33% $10,567,329 2018 $7,300,000 2.33% $10,327,150 2019 $7,300,000 2.33% $10,092,431 2020 $7,300,000 2.33% $9,863,046 2021 $7,300,000 2.33% $9,638,874 2022 $7,300,000 2.33% $9,419,798 2023 $7,300,000 2.33% $9,205,701 2024 $7,300,000 2.33% $8,996,470 2025 $7,300,000 2.33% $8,791,995 2026 $7,300,000 2.33% $8,592,167 2027 $7,300,000 2.33% $8,396,881 2028 $7,300,000 2.33% $8,206,033 2029 $7,300,000 2.33% $8,019,523 2030 $7,300,000 2.33% $7,837,252 2031 $7,300,000 2.33% $7,659,124 2032 $7,300,000 2.33% $7,485,044 2033 $1,200,000 2.33% $1,202,453 Total: $213,071,063 Signature: Shawn W. Harwell Date: 6/14/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/16/2011 Formulas verified by: Clayton Pittiglio