ML112351284
| ML112351284 | |
| Person / Time | |
|---|---|
| Site: | Crystal River  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112351284 (3) | |
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:
91.78%
2 0.0779%
1 0.0388%
1 1.4079%
1 0.6754%
1 0.8244%
1 0.5608%
1 1.3333%
1 1.6015%
1 1.6994%
1 3
4 variable1 variable1 variable1 N
N Y
N 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 licensee(s) and/or years of operation/decommission 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.
City of New Smyrna Beach
$2,660,772 City of Ocala
$9,203,181 Orlando Utilities Commission
$12,345,391 Seminole Electric Cooperative, Inc.
$9,610,461 Y2 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 Y
$435.7million The total amount of dollars accumulated at the end of the appropriate year: (see below)
City of Alachua Progress Energy Florida, Inc.
Licensee:
$553,504,101 Amount in Trust Fund:
Plant name:
Crystal River Nuclear Plant, Unit 3 50-302 RAI Needed (Y/N)
PUC Verified (Y/N)
$554,660 none 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):
Rate(s) of Other Factors
$608,529,336 Real Rate of Return PUC Verified (Y/N)
$5,712,416 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)
Escalation Rate N
Allowed through Decom (Y/N)
City of Bushnell City of Kissimmee City of Gainesville
$273,499 City of Leesburg Total Trust Fund Balance
$9,724,974 Post-RAI Rates Determined (Y/N)
Any material changes to trust agreements? (Y/N)
$4,939,881 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 PWR 2609
$97,959,200 112.8 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
% Owned:
Category 91.7806%
2 0.0779%
1 0.0388%
1 1.4079%
1 0.6754%
1 0.8244%
1 0.5608%
1 1.3333%
1 1.6015%
1 1.6994%
1 2%
5.92 2%
2%
2%
7
$9,610,461
$2,660,772
$9,203,181
$12,345,391 Seminole Electric Cooperative, Inc.
$7,401,623 City of New Smyrna Beach
$2,442,527 City of Ocala
$5,807,099 Orlando Utilities Commission
$6,975,226 Bx Ex Lx ECI Base Lx Base Px 2010 Year:
Crystal River Nuclear Plant, Unit 3 Docket Number:
Date of Operation:
Latest Month Fx
$684,262,612 Years remaining after annuity Px 50-302 3
31 Termination of Operations:
2016 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$399,744,245 NRC Minimum:
$435,543,290 City of Gainesville City of Kissimmee Trust Fund Balance:
Step 1:
Fx Site Specific:
Total Step 2:
0
$3,590,619
$6,132,014 Years Left in License 5.92
$9,724,974 Real Rate of Return per year Does Licensee Pass:
YES
$4,939,881
$273,499
$0
$2,941,659
$50,870,022 Total Earnings for Decom:
Decom Period:
Total Earnings:
Real Rate of Return per year Latest Month Px Amount of NRC Minimum/Site Specific:
BWR/PWR MWth Progress Energy Florida, Inc.
City of Alachua City of Bushnell
$168,991
$339,288 Total Annuity:
Step 3:
$554,660
$553,504,101 Amount in Trust Fund:
$0 Total Earnings:
$684,262,612 Real Rate of Return per year Total of Steps 1 thru 3:
$5,712,416
$0 Number of Annual Payments:
City of Leesburg Accumulation:
Step 2:
Earnings Credit:
$608,529,336 Decom Period:
$0 Total Annuity Real Rate of Return per year Total Fund Balance:
$608,529,336 Total Step 1 + Step 2
$684,262,612 NO Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
YES
$735,132,634
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:
Crystal River Nuclear Plant, Unit 3 Docket Number:
Date of Operation:
50-302 3
31 Termination of Operations:
2016 Day Plant name:
2.00%
5.92 2.00%
2.00%
2.00%
7 Earnings Credit:
Step 4:
Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$0 Total Annuity Does Licensee Pass:
Trust Fund Balance:
Years Left in License YES
$46,270,186 Total Step 5 Total of Steps 4 thru 6:
$668,659,510 Does Licensee Pass:
Total Earnings:
5.92 0
$622,389,324
$0
$0 Decom Period:
Step 6:
$622,389,324
$0 Does Licensee Pass:
Real Rate of Return per year YES Total Step 4 + Step 5 Total Earnings for Decom:
Decom Period:
Real Rate of Return per year Accumulation:
Value of Annuity per year
$553,504,101 Total Annuity:
Number of Annual Payments:
Step 5:
Real Rate of Return per year Total Earnings:
$622,389,324 YES If licensee is granted greater than 2% RRR