ML112351295
| ML112351295 | |
| 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: ML112351295 (7) | |
Text
Datasheet 1 Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Secondary Review: Kosmas Lois 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
$989,600,000 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 Allowed through Decom (Y/N)
Rate(s) of Other Factors Real Rate of Return PUC Verified (Y/N)
Plant name:
Diablo Canyon Nuclear Power Plant, Unit 2 50-323 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 Y
The total amount of dollars accumulated at the end of the appropriate year: (see below)
$580,300,000 Allowed through Decom (Y/N)
Total Trust Fund Balance Post-RAI Rates Determined (Y/N)
Amount in Trust Fund:
$989,600,000 Pacific Gas & Electric Licensee:
2 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 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
1 Licensee calculated MFA higher than NRC calculations. Justification, including factors used, were provided to NRC for review.
Datasheet 2 Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 8
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%
14.65 See Annuity Sheet See Annuity Sheet 2%
7 Bx Ex Lx ECI Base Lx Base Px 2010 Year:
Diablo Canyon Nuclear Power Plant, Unit 2 Docket Number:
Date of Operation:
Latest Month Fx
$1,334,397,452 Years remaining after annuity Px 50-323 26 31 Termination of Operations:
2025 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$546,500,000 NRC Minimum:
$472,584,981 Trust Fund Balance:
Step 1:
Fx Site Specific:
$546,500,000 Total Step 2:
2 Years Left in License N/A Real Rate of Return per year Does Licensee Pass:
YES See Total Step 2
$99,202,888 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:
$989,600,000 Amount in Trust Fund:
$11,647,579 Total Earnings:
$1,322,749,873 Real Rate of Return per year Total of Steps 1 thru 3:
See Annuity Sheet Number of Annual Payments:
Accumulation:
Step 2:
Earnings Credit:
$989,600,000 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$989,600,000 Total Step 1 + Step 2
$1,334,397,452 NO Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
YES
$1,433,600,340
Datasheet 2 Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 8
2010 Year:
Diablo Canyon Nuclear Power Plant, Unit 2 Docket Number:
Date of Operation:
50-323 26 31 Termination of Operations:
2025 Day Plant name:
See Step 4 Analysis Sheet 14.65 See Annuity Sheet See Annuity Sheet 2.00%
7 Earnings Credit:
Step 4:
Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$14,079,276 Total Annuity Does Licensee Pass:
Trust Fund Balance:
Years Left in License YES
$135,278,377 Total Step 5 Total of Steps 4 thru 6:
$1,954,934,289 Does Licensee Pass:
Total Earnings:
N/A 2
$1,819,655,912 See Annuity Sheet See Total Step 4 Decom Period:
Step 6:
$1,819,655,912 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
$989,600,000 Total Annuity:
Number of Annual Payments:
Step 5:
Real Rate of Return per year Total Earnings:
$1,805,576,637 YES If licensee is granted greater than 2% RRR
Datasheet 2 Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 8
26 2025 Year Annuity:
2011
$4,400,000 2%
$5,881,451 2012
$4,400,000 2%
$5,766,128 Total:
$11,647,579 ANNUITY Total Accumulation Termination of Operations:
Real Rate of Return:
Datasheet 2 Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 8
26 2025 ANNUITY Termination of Operations:
Year 2011
$4,400,000 4.96%
$4,618,240 2012
$9,018,240 4.91%
$9,461,036 Total:
$14,079,276 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
$989,600,000 Variable 11/2/2024 14.65
$583,900,000 2011
$989,600,000
$0 4.96%
2012
$1,038,684,160
$0 4.91%
2013
$1,089,683,552
$0 4.88%
2014
$1,142,860,110
$0 4.85%
2015
$1,198,288,825
$0 4.82%
2016
$1,256,046,346
$0 4.80%
2017
$1,316,336,571
$0 4.78%
2018
$1,379,257,459
$0 4.77%
2019
$1,445,048,040
$0 4.75%
2020
$1,513,687,822
$0 4.37%
2021
$1,579,835,979
$0 4.01%
2022
$1,643,187,402
$0 3.67%
2023
$1,703,492,380
$0 3.35%
2024
$1,760,559,375
$0 3.05%
Years left in license:
Step 4 Analysis DFS Report Year:
Current Amount Reported in DTF:
RRR Applied During Operation:
License Termination:
$1,316,336,571 Site-specific cost-estimate:
Year Amount in Trust Fund at Beginning of Year (Expenses)
Real Rate of Return Projected Year-End Trust Fund Amount
$1,038,684,160
$1,089,683,552
$1,142,860,110
$1,198,288,825
$1,256,046,346
$1,760,559,375
$1,805,576,637
$1,379,257,459
$1,445,048,040
$1,513,687,822
$1,579,835,979
$1,643,187,402
$1,703,492,380
Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011 8
26 2025 2.00%
Plant Spent Fuel 2025
$1,805,576,637
$41,900,000 N/A 2.00%
$1,799,369,170 2026
$1,799,369,170
$164,100,000 N/A 2.00%
$1,669,615,553 2027
$1,669,615,553
$384,200,000 N/A 2.00%
$1,314,965,864 2028
$1,314,965,864
$367,200,000 N/A 2.00%
$970,393,181 2029
$970,393,181
$222,600,000 N/A 2.00%
$764,975,045 2030
$764,975,045
$168,200,000 N/A 2.00%
$610,392,546 2031
$610,392,546
$51,800,000 N/A 2.00%
$592,144,327 Operations Termination Date:
Real Rate of Return End of Year Trust Fund Balance End of Operations Balance:
$1,805,576,637 Real Rate of Return:
Year Beginning Trust Fund Balance Expense Per Year Post-Shutdown Period DECON ANALYSIS Name of Unit:
Diablo Canyon, Unit 2 Name of Licensee:
Pacific Gas & Electric