ML112360128
| ML112360128 | |
| Person / Time | |
|---|---|
| Site: | Farley  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112360128 (5) | |
Text
Datasheet 1 Signature: Shawn Harwell Date: 7/26/2011 Signature: Jo Ann Simpson Date: 07/28/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:
Category:
100.00%
1 3
4 7.00%
4.50%
2.50%
N Y
Y N
Y 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Plant name:
Farley (Joseph M.) Nuclear Plant, Unit 2 50-364 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):
Escalation Rate Allowed through Decom (Y/N)
Y
$435,256,000 The total amount of dollars accumulated at the end of the appropriate year: (see below)
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
$269,782,967 Real Rate of Return PUC Verified (Y/N)
Total Trust Fund Balance Alabama Power Company Licensee:
$269,782,967 Amount in Trust Fund:
Post-RAI Rates Determined (Y/N) 1 Executed Investment Management Agreement with Goldman Sachs, Fisher Investments, and Northern Trust in the Small/ Mid Asset Class for the Qualified Master Nuclear Decommissioning Trust.
Y1 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
Datasheet 2 Signature: Shawn Harwell Date: 7/26/2011 Signature: Jo Ann Simpson Date: 07/28/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 3
PWR 2775
$99,420,000 112.8 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 100.00%
1 2%
30.25 See Annuity Sheet See Annuity Sheet 2%
7
$546,004,190 NO Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
YES Total of Steps 1 thru 3:
See Annuity Sheet Number of Annual Payments:
Accumulation:
Step 2:
Earnings Credit:
$269,782,967 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$269,782,967 Total Step 1 + Step 2
$508,221,559
$37,782,631 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 Alabama Power Company Total Annuity:
Step 3:
$269,782,967 Amount in Trust Fund:
$17,121,799 Total Earnings:
$491,099,761 Real Rate of Return per year Fx Site Specific:
Total Step 2:
31 Years Left in License N/A Real Rate of Return per year Does Licensee Pass:
YES See Total Step 2
$508,221,559 Years remaining after annuity Px 50-364 31 31 Termination of Operations:
2041 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$442,038,255 NRC Minimum:
$442,038,255 Trust Fund Balance:
Step 1:
Bx Ex Lx ECI Base Lx Base Px 2010 Year:
Farley (Joseph M.) Nuclear Plant, Unit 2 Docket Number:
Date of Operation:
Latest Month Fx
Datasheet 2 Signature: Shawn Harwell Date: 7/26/2011 Signature: Jo Ann Simpson Date: 07/28/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 3
50-364 31 31 Termination of Operations:
2041 Day Plant name:
2010 Year:
Farley (Joseph M.) Nuclear Plant, Unit 2 Docket Number:
Date of Operation:
2.50%
30.25 See Annuity Sheet See Annuity Sheet 2.00%
7 Real Rate of Return per year Accumulation:
Value of Annuity per year
$269,782,967 Total Annuity:
Number of Annual Payments:
Step 5:
Real Rate of Return per year Total Earnings:
$569,392,123 YES If licensee is granted greater than 2% RRR YES
$43,713,561 Total Step 5 Total of Steps 4 thru 6:
$631,713,220 Does Licensee Pass:
Total Earnings:
N/A 31
$587,999,659 See Annuity Sheet See Total Step 4 Decom Period:
Step 6:
$587,999,659 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:
Total Annuity Does Licensee Pass:
Trust Fund Balance:
Years Left in License Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$18,607,536 Earnings Credit:
Step 4:
Datasheet 2 Signature: Shawn Harwell Date: 7/26/2011 Signature: Jo Ann Simpson Date: 07/28/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 3
31 2041 Year Annuity:
2011
$402,004 2%
$731,812 2012
$402,004 2%
$717,462 2013
$402,004 2%
$703,395 2014
$402,004 2%
$689,602 2015
$402,004 2%
$676,081 2016
$402,004 2%
$662,824 2017
$402,004 2%
$649,828 2018
$402,004 2%
$637,086 2019
$402,004 2%
$624,594 2020
$402,004 2%
$612,347 2021
$402,004 2%
$600,340 2022
$402,004 2%
$588,569 2023
$402,004 2%
$577,028 2024
$402,004 2%
$565,714 2025
$402,004 2%
$554,622 2026
$402,004 2%
$543,747 2027
$402,004 2%
$533,085 2028
$402,004 2%
$522,632 2029
$402,004 2%
$512,385 2030
$402,004 2%
$502,338 2031
$402,004 2%
$492,488 2032
$402,004 2%
$482,832 2033
$402,004 2%
$473,364 2034
$402,004 2%
$464,083 2035
$402,004 2%
$454,983 2036
$402,004 2%
$446,062 2037
$402,004 2%
$437,315 2038
$402,004 2%
$428,741 2039
$402,004 2%
$420,334 2040
$402,004 2%
$412,092 2041
$402,004 2%
$404,012 Total:
$17,121,799 ANNUITY Total Accumulation Termination of Operations:
Real Rate of Return:
Datasheet 2 Signature: Shawn Harwell Date: 7/26/2011 Signature: Jo Ann Simpson Date: 07/28/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 3
31 2041 ANNUITY Termination of Operations:
Year Annuity:
2011
$402,004 2.50%
$848,486 2012
$402,004 2.50%
$827,791 2013
$402,004 2.50%
$807,601 2014
$402,004 2.50%
$787,903 2015
$402,004 2.50%
$768,686 2016
$402,004 2.50%
$749,938 2017
$402,004 2.50%
$731,646 2018
$402,004 2.50%
$713,801 2019
$402,004 2.50%
$696,392 2020
$402,004 2.50%
$679,406 2021
$402,004 2.50%
$662,836 2022
$402,004 2.50%
$646,669 2023
$402,004 2.50%
$630,896 2024
$402,004 2.50%
$615,509 2025
$402,004 2.50%
$600,496 2026
$402,004 2.50%
$585,850 2027
$402,004 2.50%
$571,561 2028
$402,004 2.50%
$557,620 2029
$402,004 2.50%
$544,020 2030
$402,004 2.50%
$530,751 2031
$402,004 2.50%
$517,806 2032
$402,004 2.50%
$505,177 2033
$402,004 2.50%
$492,855 2034
$402,004 2.50%
$480,834 2035
$402,004 2.50%
$469,107 2036
$402,004 2.50%
$457,665 2037
$402,004 2.50%
$446,503 2038
$402,004 2.50%
$435,612 2039
$402,004 2.50%
$424,988 2040
$402,004 2.50%
$414,622 2041
$402,004 2.50%
$404,509 Total:
$18,607,536 If licensee is granted greater than 2% RRR Real Rate of Return:
Total Accumulation