ML112351291
| ML112351291 | |
| Person / Time | |
|---|---|
| Site: | Diablo Canyon  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112351291 (7) | |
Text
Datasheet 1 Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Signature: Kosmas Lois Date: 7/25/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:
Category:
100.00%
1 3
4 variable2 variable2 variable2 N
N Y
Y N
Y 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 2 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission Pacific Gas & Electric Licensee:
$738,900,000 Amount in Trust Fund:
N Any material changes to trust agreements? (Y/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)
N N
Any contracts upon which the licensee is relying? (Y/N)
Total Trust Fund Balance Post-RAI Rates Determined (Y/N)
Y
$580,300,000 The total amount of dollars accumulated at the end of the appropriate year: (see below)
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)
Schedule of the annual amounts remaining to be collected: (provided/none)
Rate of Return on Earnings Allowed through Decom (Y/N)
Rate(s) of Other Factors
$738,900,000 Real Rate of Return PUC Verified (Y/N) 1 Licensee calculated MFA higher than NRC calculations. Justification, including factors used, were provided to NRC for review.
Plant name:
Diablo Canyon Nuclear Power Plant, Unit 1 50-275 RAI Needed (Y/N)
PUC Verified (Y/N) provided 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):1 Escalation Rate Allowed through Decom (Y/N)
Datasheet 2 Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Signature: Kosmas Lois Date: 7/25/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 11 PWR 3411
$105,000,000 112.5 2.06 0.65 2.32 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28
% Owned:
Category 100.00%
1 2%
13.84 See Annuity Sheet See Annuity Sheet 2%
7 Bx Ex Lx ECI Base Lx Base Px 2010 Year:
Diablo Canyon Nuclear Power Plant, Unit 1 Docket Number:
Date of Operation:
Latest Month Fx
$984,067,411 Years remaining after annuity Px 50-275 2
31 Termination of Operations:
2024 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$583,900,000 NRC Minimum:
$472,584,981 Trust Fund Balance:
Step 1:
Fx Site Specific:
$583,900,000 Total Step 2:
2 Years Left in License N/A Real Rate of Return per year Does Licensee Pass:
YES See Total Step 2
$73,158,360 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 Pacific Gas & Electric Total Annuity:
Step 3:
$738,900,000 Amount in Trust Fund:
$12,242,362 Total Earnings:
$971,825,049 Real Rate of Return per year Total of Steps 1 thru 3:
See Annuity Sheet Number of Annual Payments:
Accumulation:
Step 2:
Earnings Credit:
$738,900,000 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$738,900,000 Total Step 1 + Step 2
$984,067,411 NO Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
YES
$1,057,225,771
Datasheet 2 Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Signature: Kosmas Lois Date: 7/25/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 11 2010 Year:
Diablo Canyon Nuclear Power Plant, Unit 1 Docket Number:
Date of Operation:
50-275 2
31 Termination of Operations:
2024 Day Plant name:
See Step 4 Analysis Sheet 13.84 See Annuity Sheet See Annuity Sheet 2.95%
7 Earnings Credit:
Step 4:
Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$15,040,190 Total Annuity Does Licensee Pass:
Trust Fund Balance:
Years Left in License YES
$153,852,328 Total Step 5 Total of Steps 4 thru 6:
$1,517,182,480 Does Licensee Pass:
Total Earnings:
N/A 2
$1,363,330,152 See Annuity Sheet See Total Step 4 Decom Period:
Step 6:
$1,363,330,152 See Total Step 4 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
$738,900,000 Total Annuity:
Number of Annual Payments:
Step 5:
Real Rate of Return per year Total Earnings:
$1,348,289,962 YES If licensee is granted greater than 2% RRR
Datasheet 2 Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Signature: Kosmas Lois Date: 7/25/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 11 2
2024 Year Annuity:
2011
$4,700,000 2%
$6,181,787 2012
$4,700,000 2%
$6,060,575 Total:
$12,242,362 ANNUITY Total Accumulation Termination of Operations:
Real Rate of Return:
Datasheet 2 Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Signature: Kosmas Lois Date: 7/25/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 11 2
2024 ANNUITY Termination of Operations:
Year 2011
$4,700,000 4.96%
$4,933,120 2012
$9,633,120 4.92%
$10,107,070 Total:
$15,040,190 If licensee is granted greater than 2% RRR Real Rate of Return:
End of year contributions Beginning year contributions
Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011 2010
$738,900,000 Variable 11/2/2024 13.84
$583,900,000 2011
$738,900,000
$0 4.96%
2012
$775,549,440
$0 4.92%
2013
$813,706,472
$0 4.88%
2014
$853,415,348
$0 4.85%
2015
$894,805,993
$0 4.82%
2016
$937,935,642
$0 4.80%
2017
$982,956,552
$0 4.78%
2018
$1,029,941,876
$0 4.77%
2019
$1,079,070,103
$0 4.75%
2020
$1,130,325,933
$0 4.37%
2021
$1,179,721,176
$0 4.01%
2022
$1,227,027,995
$0 3.67%
2023
$1,272,059,923
$0 3.35%
2024
$1,314,673,930
$0 3.05%
$1,314,673,930
$1,348,289,962
$1,272,059,923
$775,549,440
$813,706,472
$853,415,348
$894,805,993
$937,935,642
$982,956,552
$1,029,941,876
$1,079,070,103
$1,130,325,933
$1,179,721,176
$1,227,027,995 Projected Year-End Trust Fund Amount Step 4 Analysis DFS Report Year:
Current Amount Reported in DTF:
RRR Applied During Operation:
License Termination:
Years left in license:
Site-specific cost-estimate:
Year Amount in Trust Fund at Beginning of Year (Expenses)
Real Rate of Return
Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011 11 2
2024 2.00%
Plant Spent Fuel 2024
$1,348,289,962
$19,400,000 N/A 2.00%
$1,355,661,761 2025
$1,355,661,761
$142,400,000 N/A 2.00%
$1,238,950,996 2026
$1,238,950,996
$330,900,000 N/A 2.00%
$929,521,016 2027
$929,521,016
$367,400,000 N/A 2.00%
$577,037,437 2028
$577,037,437
$171,900,000 N/A 2.00%
$414,959,185 2029
$414,959,185
$153,000,000 N/A 2.00%
$268,728,369 2030
$268,728,369
$20,700,000 N/A 2.00%
$262,712,991 Operations Termination Date:
Post-Shutdown Period DECON ANALYSIS Name of Unit:
Diablo Canyon, Unit 1 Name of Licensee:
Pacific Gas & Electric Real Rate of Return End of Year Trust Fund Balance End of Operations Balance:
$1,348,289,962 Real Rate of Return:
Year Beginning Trust Fund Balance Expense Per Year