ML112370144

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2010 DFS Report Analysis for McGuire (William B.) Nuclear Station, Unit 2
ML112370144
Person / Time
Site: Mcguire
Issue date: 11/14/2011
From: Szabo A
Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112370144 (5)


Text

Datasheet 1 Signature: Michael Purdie/Jo Ann Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1

2

% Owned: Category:

100.00%

1 3

4 variable1 4.00%

variable1 N

N Y

N Y

Y 5

6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Plant name:

McGuire (William B.) Nuclear Station, Unit 2 50-370 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

$466,987,774 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

$328,600,594 Real Rate of Return PUC Verified (Y/N)

Total Trust Fund Balance 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission Duke Energy Carolinas, LLC Licensee:

$328,600,594 Amount in Trust Fund:

N 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 Post-RAI Rates Determined (Y/N)

Datasheet 2 Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 3

PWR 3411

$105,000,000 112.8 1.98 0.65 2.23 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28

% Owned:

Category 100.00%

1 2%

32.17 See Annuity Sheet See Annuity Sheet 2%

7

$1,115,233,893 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:

$328,600,594 Decom Period:

See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:

$328,600,594 Total Step 1 + Step 2

$1,038,061,462

$77,172,431 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 Duke Energy Carolinas, LLC Total Annuity:

Step 3:

$328,600,594 Amount in Trust Fund:

$416,671,627 Total Earnings:

$621,389,835 Real Rate of Return per year Fx Site Specific:

Total Step 2:

Years Left in License N/A Real Rate of Return per year Does Licensee Pass:

YES See Total Step 2

$1,038,061,462 Years remaining after annuity Px 50-370 3

31 Termination of Operations:

2043 1986$

Day Base Fx Plant name:

Value of Annuity per year (amount/See Annuity Sheet)

Licensee:

$466,847,886 NRC Minimum:

$466,847,886 Trust Fund Balance:

Step 1:

Bx Ex Lx ECI Base Lx Base Px 2010 Year:

McGuire (William B.) Nuclear Station, Unit 2 Docket Number:

Date of Operation:

Latest Month Fx

Datasheet 2 Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:

12 3

50-370 3

31 Termination of Operations:

2043 Day Plant name:

2010 Year:

McGuire (William B.) Nuclear Station, Unit 2 Docket Number:

Date of Operation:

2.00%

32.17 See Annuity Sheet See Annuity Sheet 2.00%

7 Real Rate of Return per year Accumulation:

Value of Annuity per year

$328,600,594 Total Annuity:

Number of Annual Payments:

Step 5:

Real Rate of Return per year Total Earnings:

$621,389,835 YES If licensee is granted greater than 2% RRR YES

$77,172,431 Total Step 5 Total of Steps 4 thru 6:

$1,115,233,893 Does Licensee Pass:

Total Earnings:

N/A 0

$1,038,061,462 See Annuity Sheet See Total Step 4 Decom Period:

Step 6:

$1,038,061,462 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

$416,671,627 Earnings Credit:

Step 4:

Datasheet 2 Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 3

3 2043 Year Annuity:

2011

$10,150,481 2%

$19,195,356 2012

$10,150,481 2%

$18,818,976 2013

$10,150,481 2%

$18,449,977 2014

$10,150,481 2%

$18,088,213 2015

$10,150,481 2%

$17,733,542 2016

$10,150,481 2%

$17,385,825 2017

$10,150,481 2%

$17,044,927 2018

$10,150,481 2%

$16,710,712 2019

$10,150,481 2%

$16,383,051 2020

$10,150,481 2%

$16,061,815 2021

$10,150,481 2%

$15,746,878 2022

$10,150,481 2%

$15,438,115 2023

$10,150,481 2%

$15,135,407 2024

$10,150,481 2%

$14,838,634 2025

$10,150,481 2%

$14,547,681 2026

$10,150,481 2%

$14,262,432 2027

$10,150,481 2%

$13,982,777 2028

$10,150,481 2%

$13,708,605 2029

$10,150,481 2%

$13,439,808 2030

$10,150,481 2%

$13,176,283 2031

$10,150,481 2%

$12,917,924 2032

$10,150,481 2%

$12,664,632 2033

$10,150,481 2%

$12,416,305 2034

$10,150,481 2%

$12,172,848 2035

$10,150,481 2%

$11,934,165 2036

$10,150,481 2%

$11,700,162 2037

$10,150,481 2%

$11,470,747 2038

$10,150,481 2%

$11,245,830 Total:

$416,671,627 ANNUITY Total Accumulation Termination of Operations:

Real Rate of Return:

Datasheet 2 Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 3

3 2043 ANNUITY Termination of Operations:

Year Annuity:

2011

$10,150,481 2.00%

$19,195,356 2012

$10,150,481 2.00%

$18,818,976 2013

$10,150,481 2.00%

$18,449,977 2014

$10,150,481 2.00%

$18,088,213 2015

$10,150,481 2.00%

$17,733,542 2016

$10,150,481 2.00%

$17,385,825 2017

$10,150,481 2.00%

$17,044,927 2018

$10,150,481 2.00%

$16,710,712 2019

$10,150,481 2.00%

$16,383,051 2020

$10,150,481 2.00%

$16,061,815 2021

$10,150,481 2.00%

$15,746,878 2022

$10,150,481 2.00%

$15,438,115 2023

$10,150,481 2.00%

$15,135,407 2024

$10,150,481 2.00%

$14,838,634 2025

$10,150,481 2.00%

$14,547,681 2026

$10,150,481 2.00%

$14,262,432 2027

$10,150,481 2.00%

$13,982,777 2028

$10,150,481 2.00%

$13,708,605 2029

$10,150,481 2.00%

$13,439,808 2030

$10,150,481 2.00%

$13,176,283 2031

$10,150,481 2.00%

$12,917,924 2032

$10,150,481 2.00%

$12,664,632 2033

$10,150,481 2.00%

$12,416,305 2034

$10,150,481 2.00%

$12,172,848 2035

$10,150,481 2.00%

$11,934,165 2036

$10,150,481 2.00%

$11,700,162 2037

$10,150,481 2.00%

$11,470,747 2038

$10,150,481 2.00%

$11,245,830 Total:

$416,671,627 If licensee is granted greater than 2% RRR Real Rate of Return:

Total Accumulation