ML112351268
| ML112351268 | |
| Person / Time | |
|---|---|
| Site: | Cook  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112351268 (5) | |
Text
Datasheet 1 Plant name: Cook (Donald C.) Nuclear Power Plant, Unit 1 Docket Number: 50-315 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $468,394,872 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:
Indian Michigan Power 100.00% 1 $399,384,123 Co Total Trust Fund Balance $399,384,123 3 Schedule of the annual amounts remaining to be collected: (provided/none) provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 2.00% N Y Y N Y N 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below)
Signature: Kosmas Lois Date: 6/14/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 06/15/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Cook (Donald C.) Nuclear Power Plant, Unit 1 Docket Number: 50-315 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 10 25 2034 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3304 $104,075,200 111.3 2.08 0.65 2.32 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28 NRC Minimum: $468,256,216 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Indian Michigan Power Co 100.00% 1 $468,256,216 $399,384,123 Total Fund Balance: $399,384,123 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$399,384,123 2% 23.82 $640,059,258 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 $136,574,247 Total Step 1 + Step 2 Does Licensee Pass:
$776,633,505 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$776,633,505 2% 7 $57,737,136 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$834,370,641 YES NO Signature: Kosmas Lois Date: 6-14-2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 06/15/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Cook (Donald C.) Nuclear Power Plant, Unit 1 Docket Number: 50-315 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 10 25 2034 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:
$399,384,123 2.00% 23.82 $640,059,258 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 $136,574,247 Total Step 4 + Step 5 Does Licensee Pass:
$776,633,505 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$776,633,505 2.00% 7 $57,737,136 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$834,370,641 YES NO Signature: Kosmas Lois Date: 6-14-2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 06/15/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 10 25 2034 Real Rate Total Year Annuity: of Return: Accumulation 2011 $4,441,500 2% $7,118,243 2012 $4,441,500 2% $6,978,669 2013 $4,441,500 2% $6,841,833 2014 $4,441,500 2% $6,707,679 2015 $4,441,500 2% $6,576,156 2016 $4,441,500 2% $6,447,212 2017 $4,441,500 2% $6,320,796 2018 $4,441,500 2% $6,196,859 2019 $4,441,500 2% $6,075,352 2020 $4,441,500 2% $5,956,227 2021 $4,441,500 2% $5,839,438 2022 $4,441,500 2% $5,724,940 2023 $4,441,500 2% $5,612,686 2024 $4,441,500 2% $5,502,633 2025 $4,441,500 2% $5,394,738 2026 $4,441,500 2% $5,288,959 2027 $4,441,500 2% $5,185,254 2028 $4,441,500 2% $5,083,583 2029 $4,441,500 2% $4,983,904 2030 $4,441,500 2% $4,886,181 2031 $4,441,500 2% $4,790,373 2032 $4,441,500 2% $4,696,444 2033 $4,441,500 2% $4,604,357 2034 $3,701,250 2% $3,761,730 Total: $136,574,247 Signature: Kosmas Lois Date: 6-14-2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 06/15/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 10 25 2034 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $4,441,500 2.00% $7,118,243 2012 $4,441,500 2.00% $6,978,669 2013 $4,441,500 2.00% $6,841,833 2014 $4,441,500 2.00% $6,707,679 2015 $4,441,500 2.00% $6,576,156 2016 $4,441,500 2.00% $6,447,212 2017 $4,441,500 2.00% $6,320,796 2018 $4,441,500 2.00% $6,196,859 2019 $4,441,500 2.00% $6,075,352 2020 $4,441,500 2.00% $5,956,227 2021 $4,441,500 2.00% $5,839,438 2022 $4,441,500 2.00% $5,724,940 2023 $4,441,500 2.00% $5,612,686 2024 $4,441,500 2.00% $5,502,633 2025 $4,441,500 2.00% $5,394,738 2026 $4,441,500 2.00% $5,288,959 2027 $4,441,500 2.00% $5,185,254 2028 $4,441,500 2.00% $5,083,583 2029 $4,441,500 2.00% $4,983,904 2030 $4,441,500 2.00% $4,886,181 2031 $4,441,500 2.00% $4,790,373 2032 $4,441,500 2.00% $4,696,444 2033 $4,441,500 2.00% $4,604,357 2034 $3,701,250 2.00% $3,761,730 Total: $136,574,247 Signature: Kosmas Lois Date: 6-14-2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 06/15/2011 Formulas verified by: Clayton Pittiglio