ML112370018

2010 DFS Report Analysis for Hatch (Edwin I.) Nuclear Plant, Unit 2

ML112370018
Person / Time
Site:	Hatch
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112370018 (3)

Text

Datasheet 1 Plant name: Hatch (Edwin I.) Nuclear Plant, Unit 2 Docket Number: 50-366 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $573,705,000 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:

Georgia Power Company 50.10% 1 $194,346,000 Oglethorpe Power Corporation 30.00% 1 $72,299,087 Municipal Eletric Authority 17.70% 1 $78,406,134 Dalton Utilities 2.20% 1 $16,968,926 Total Trust Fund Balance $362,020,147 3 Schedule of the annual amounts remaining to be collected: (provided/none) None 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) variable1 variable1 0.00% variable1 N N Y N N N2 5 Any contracts upon which the licensee is relying? (Y/N) Y3 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) Y4 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 (See "Notes" for additional comments).

2 Rates for Oglethorpe could not be determined based upon submitted information.

3 Municipal Electric Authority is relying upon a PPA, which was included in Attachments 2 & 3 of the DFS report.

4 Oglethorpe Power Corporation executed a revised Trust Agreement in August 2010, which was provided to the NRC in March 2010 (ML101090080).

Signature: Michael Purdie and JoAnn Simpson Date: 07/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: Kosmas Lois 8/10/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Hatch (Edwin I.) Nuclear Plant, Unit 2 Docket Number: 50-366 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 6 13 2038 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx BWR 2804 $129,236,000 112.8 1.98 0.65 2.23 1.675 191.3 114.2 3.074 252.1 82.0 0.13 2.319 0.22 12.54 NRC Minimum: $583,110,087 Site Specific:

Amount of NRC Minimum/Site Licensee:  % Owned: Category Specific: Amount in Trust Fund:

Georgia Power Company 50.10% 1 $292,138,153 $194,346,000 Oglethorpe Power Corporation 30.00% 1 $174,933,026 $72,299,087 Municipal Eletric Authority 17.70% 1 $103,210,485 $78,406,134 Dalton Utilities 2.20% 1 $12,828,422 $16,968,926 Total Fund Balance: $362,020,147 Step 1:

Earnings Credit:

Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:

$362,020,147 2% 27.45 $623,466,821 YES Step 2:

Accumulation:

Real Rate of Return Number of Annual Value of Annuity per year (amount/See Annuity Sheet) per year Payments: Total Annuity:

2% $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:

$0 2% 27.45 $0 Total Step 1 + Step 2 Does Licensee Pass:

$623,466,821 YES Step 3:

Decom Period:

Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:

$623,466,821 2% 7 $46,350,290 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$669,817,111 YES NO Signature: Michael Purdie and JoAnn Simpson Date: 07/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: Kosmas Lois 8/10/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Hatch (Edwin I.) Nuclear Plant, Unit 2 Docket Number: 50-366 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 6 13 2038 If licensee is granted greater than 2% RRR Step 4:

Earnings Credit:

Real Rate Years Left Owner Trust Fund Balance: of Return in License Total Earnings: Does Licensee Pass:

Georgia Power Company $194,346,000 2.00% 27.45 $334,700,385 YES Oglethorpe Power Corporation $72,299,087 2.00% 27.45 $124,512,633 Municipal Electric Authority $78,406,134 2.00% 27.45 $135,030,118 Dalton Utilities $16,968,926 2.00% 27.45 $29,223,684 Total: $623,466,821 Step 5:

Accumulation:

Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:

$0 0.00% 0 $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5

$0 0.00% 27.45 $0 Total Step 4 + Step 5 Does Licensee Pass:

$623,466,821 YES Step 6:

Decom Period:

Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:

$623,466,821 2.00% 7 $46,350,290 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$669,817,111 YES NO Signature: Michael Purdie and JoAnn Simpson Date: 07/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: Kosmas Lois 8/10/2011 Formulas verified by: Clayton Pittiglio