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 Plant name: Farley (Joseph M.) Nuclear Plant, Unit 2 Docket Number: 50-364 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $435,256,000 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:
Alabama Power Company 100.00% 1 $269,782,967 Total Trust Fund Balance $269,782,967 3 Schedule of the annual amounts remaining to be collected: (provided/none) Provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Allowed through Decom Return on Escalation Rate Other Verified Needed Verified through Determined of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 7.00% 4.50% 2.50% N Y Y N Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 1
7 Any material changes to trust agreements? (Y/N) Y If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Executed Investment Management Agreement with Goldman Sachs, Fisher Investments, and Northern Trust in the Small/ Mid Asset Class for the Qualified Master Nuclear Decommissioning Trust.
Signature: Shawn Harwell Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 07/28/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Farley (Joseph M.) Nuclear Plant, Unit 2 Docket Number: 50-364 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 3 31 2041 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx 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 NRC Minimum: $442,038,255 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Alabama Power Company 100.00% 1 $442,038,255 $269,782,967 Total Fund Balance: $269,782,967 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$269,782,967 2% 30.25 $491,099,761 YES Step 2:
Accumulation:
Value of Annuity per year Real Rate of Return Number of Annual (amount/See Annuity Sheet) per year Payments: Total Annuity:
See Annuity Sheet See Annuity Sheet 31 See Total Step 2 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:
See Total Step 2 See Annuity Sheet N/A $17,121,799 Total Step 1 + Step 2 Does Licensee Pass:
$508,221,559 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$508,221,559 2% 7 $37,782,631 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$546,004,190 YES NO Signature: Shawn Harwell Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 07/28/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Farley (Joseph M.) Nuclear Plant, Unit 2 Docket Number: 50-364 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 3 31 2041 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:
$269,782,967 2.50% 30.25 $569,392,123 YES Step 5:
Accumulation:
Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:
See Annuity Sheet See Annuity Sheet 31 See Total Step 4 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5 See Total Step 4 See Annuity Sheet N/A $18,607,536 Total Step 4 + Step 5 Does Licensee Pass:
$587,999,659 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$587,999,659 2.00% 7 $43,713,561 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$631,713,220 YES NO Signature: Shawn Harwell Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 07/28/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 3 31 2041 Real Rate Total Year Annuity: of Return: Accumulation 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 Signature: Shawn Harwell Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 07/28/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 3 31 2041 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 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 Signature: Shawn Harwell Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 07/28/2011 Formulas verified by: Clayton Pittiglio