ML112370012
| ML112370012 | |
| Person / Time | |
|---|---|
| Site: | Grand Gulf  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112370012 (5) | |
Text
Datasheet 1 Plant name: Grand Gulf Nuclear Station Docket Number: 50-416 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $609,100,000 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:
SERI 90.00% 1 $386,200,000 SMEPA 10.00% 1 $39,400,000 Total Trust Fund Balance $425,600,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 1 variable variable1 variable1 N N Y Y N Y 2
5 Any contracts upon which the licensee is relying? (Y/N) Y 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 2
See the Unit Power Sales Agreement, a FERC tariff, in Attachment 2-C; and see also the Availability Agreement, in Attachment 2-C, which includes additional provisions related to decommissioning financial assurance. It is the licensee's position that the Unit Power Sales Agreement is not a 10 CFR §50.75(e)(1)(v)
"contractual obligation," but, rather a cost of service tariff which may appropriately be used to fund the external sinking fund in accordance with 10 CFR
§50.75(e)(1)(ii). Out of abundance of caution, the licensee identifies this information here.
Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Grand Gulf Nuclear Station Docket Number: 50-416 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 11 1 2024 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx BWR 3898 $135,000,000 112.8 1.98 0.65 2.23 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.307 0.22 12.54 NRC Minimum: $608,918,683 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
SERI 90.00% 1 $548,026,815 $386,200,000 SMEPA 10.00% 1 $60,891,868 $39,400,000 Total Fund Balance: $425,600,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$425,600,000 2% 13.83 $559,732,442 NO Step 2:
Accumulation:
Value of Annuity per year (amount/See Annuity Real Rate of Return Number of Annual Sheet) per year Payments: Total Annuity:
See Annuity Sheet See Annuity Sheet 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 $339,844,492 Total Step 1 + Step 2 Does Licensee Pass:
$899,576,935 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$899,576,935 2% 7 $66,877,099 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$966,454,033 YES NO Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Grand Gulf Nuclear Station Docket Number: 50-416 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 11 1 2024 If licensee is granted greater than 2% RRR Step 4:
Earnings Credit:
Real Rate Years Licensee: Trust Fund Balance: of Return Left in Total Earnings: Does Licensee Pass:
SERI $386,200,000 2.00% 13.83 $507,915,106 NO SMEPA $39,400,000 6.00% 13.83 $88,224,576 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 0 See Total Step 5 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5 See Total Step 5 See Annuity Sheet N/A $339,844,492 Total Step 4 + Step 5 Does Licensee Pass:
$935,984,175 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$935,984,175 2.00% 7 $69,583,716 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$1,005,567,890 YES NO Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 11 1 2024 Real Rate Total Year Annuity: of Return: Accumulation 2011 $23,785,000 2% $31,282,090 2012 $23,785,000 2% $30,668,716 2013 $23,785,000 2% $30,067,368 2014 $23,785,000 2% $29,477,812 2015 $22,285,000 2% $27,077,250 2016 $24,550,000 2% $29,244,435 2017 $24,550,000 2% $28,671,015 2018 $24,550,000 2% $28,108,838 2019 $24,550,000 2% $27,557,685 2020 $24,550,000 2% $27,017,338 2021 $29,878,000 2% $32,236,094 2022 $17,429,000 2% $18,435,851 2023 $0 2% $0 2024 $0 2% $0 Total: $339,844,492 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 11 1 2024 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $23,785,000 2.00% $31,282,090 2012 $23,785,000 2.00% $30,668,716 2013 $23,785,000 2.00% $30,067,368 2014 $23,785,000 2.00% $29,477,812 2015 $22,285,000 2.00% $27,077,250 2016 $24,550,000 2.00% $29,244,435 2017 $24,550,000 2.00% $28,671,015 2018 $24,550,000 2.00% $28,108,838 2019 $24,550,000 2.00% $27,557,685 2020 $24,550,000 2.00% $27,017,338 2021 $29,878,000 2.00% $32,236,094 2022 $17,429,000 2.00% $18,435,851 2023 $0 2.00% $0 2024 $0 2.00% $0 Total: $339,844,492 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/17/2011 Formulas verified by: Clayton Pittiglio