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 Plant name: Crystal River Nuclear Plant, Unit 3 Docket Number: 50-302 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $435.7million 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:
Progress Energy Florida, Inc. 91.78% 2 $553,504,101 City of Alachua 0.0779% 1 $554,660 City of Bushnell 0.0388% 1 $273,499 City of Gainesville 1.4079% 1 $9,724,974 City of Kissimmee 0.6754% 1 $4,939,881 City of Leesburg 0.8244% 1 $5,712,416 City of New Smyrna Beach 0.5608% 1 $2,660,772 City of Ocala 1.3333% 1 $9,203,181 Orlando Utilities Commission 1.6015% 1 $12,345,391 Seminole Electric Cooperative, Inc. 1.6994% 1 $9,610,461 Total Trust Fund Balance $608,529,336 3 Schedule of the annual amounts remaining to be collected: (provided/none) none 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of PUC RAI PUC Rates Rate(s) of Real Rate of Allowed through Decom Allowed through Return on Escalation Rate Verified Needed Verified Determined Other Factors Return (Y/N) Decom (Y/N)
Earnings (Y/N) (Y/N) (Y/N) (Y/N) variable1 variable1 variable1 N N Y N N Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) Y2 If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 2
Effective 2/16/2010, Progress Energy Service Company, LLC engaged Watson Wyatt Investment Consulting, Inc., a Tower Watson company as its new investment advisor. Towers Watson Advises Progress Energy on its trust investments including its nuclear decommissioning trusts.
Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/10/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Crystal River Nuclear Plant, Unit 3 Docket Number: 50-302 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 12 3 2016 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx 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 NRC Minimum: $435,543,290 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Progress Energy Florida, Inc. 91.7806% 2 $399,744,245 $553,504,101 City of Alachua 0.0779% 1 $339,288 $554,660 City of Bushnell 0.0388% 1 $168,991 $273,499 City of Gainesville 1.4079% 1 $6,132,014 $9,724,974 City of Kissimmee 0.6754% 1 $2,941,659 $4,939,881 City of Leesburg 0.8244% 1 $3,590,619 $5,712,416 City of New Smyrna Beach 0.5608% 1 $2,442,527 $2,660,772 City of Ocala 1.3333% 1 $5,807,099 $9,203,181 Orlando Utilities Commission 1.6015% 1 $6,975,226 $12,345,391 Seminole Electric Cooperative, Inc. 1.6994% 1 $7,401,623 $9,610,461 Total Fund Balance: $608,529,336 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$608,529,336 2% 5.92 $684,262,612 YES Step 2:
Accumulation:
Value of Annuity per year (amount/See Real Rate of Return Number of Annual Annuity Sheet) per year Payments: Total Annuity:
$0 2% 0 $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:
$0 2% 5.92 $0 Total Step 1 + Step 2 Does Licensee Pass:
$684,262,612 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$684,262,612 2% 7 $50,870,022 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$735,132,634 YES NO Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/10/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Crystal River Nuclear Plant, Unit 3 Docket Number: 50-302 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 12 3 2016 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:
$553,504,101 2.00% 5.92 $622,389,324 YES Step 5:
Accumulation:
Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:
$0 2.00% 0 $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5
$0 2.00% 5.92 $0 Total Step 4 + Step 5 Does Licensee Pass:
$622,389,324 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$622,389,324 2.00% 7 $46,270,186 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$668,659,510 YES NO Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/10/2011 Formulas verified by: Clayton Pittiglio