ML112370155
| ML112370155 | |
| Person / Time | |
|---|---|
| Site: | North Anna  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112370155 (5) | |
Text
Datasheet 1 Plant name: North Anna Power Station, Unit 1 Docket Number: 50-338 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $450,040,000 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:
Virginia Electric and Power Company 89.26% 1 $221,300,000 Old Dominion Electric Cooperative 10.74% 1 $34,200,000 Total Trust Fund Balance $255,500,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) None 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)2 Post-RAI Rate of PUC RAI PUC Allowed Rates Rate(s) of Real Rate Allowed through Decom Return on Escalation Rate Verified Needed Verified through Determined Other Factors of Return (Y/N)
Earnings (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) variable1 variable1 variable1 N N Y N N Y 5 Any contracts upon which the licensee is relying? (Y/N) Y2 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 2
ODEC has wholesale power contracts with 11 member distribution cooperatives. For NRC reference, ODEC has attached its Second Amended and Restated Wholesale Power Contract with A&N Electric Cooperative.
Signature: Jo Ann Simpson Date: 07/12/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: North Anna Power Station, Unit 1 Docket Number: 50-338 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 4 1 2038 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 2940 $100,872,000 112.8 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: $448,494,095 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Virginia Electric and Power Company 89.26% 1 $400,325,829 $221,300,000 Old Dominion Electric Cooperative 10.74% 1 $48,168,266 $34,200,000 Total Fund Balance: $255,500,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$255,500,000 2% 27.25 $438,283,784 NO Step 2:
Accumulation:
Value of Annuity per year (amount/See Real Rate of Return Number of Annual Annuity 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 $9,946,778 Total Step 1 + Step 2 Does Licensee Pass:
$448,230,562 NO Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$448,230,562 2% 7 $33,322,730 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$481,553,292 YES NO Signature: Jo Ann Simpson Date: 07/12/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: North Anna Power Station, Unit 1 Docket Number: 50-338 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 4 1 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:
Virginia Electric Power
$221,300,000 2.00% 27.25 $463,807,639 YES Company Old Dominion $34,200,000 3.36%
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 $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5
$0 See Annuity Sheet N/A $9,946,778 Total Step 4 + Step 5 Does Licensee Pass:
$473,754,416 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$473,754,416 2.00% 7 $35,220,246 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$508,974,662 YES NO Signature: Jo Ann Simpson Date: 07/12/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 4 1 2038 Dominion's Contributions Real Rate Total Year Annuity: of Return: Accumulation 2011 $267,120 2% $458,231 2012 $267,120 2% $449,246 2013 $267,120 2% $440,438 2014 $267,120 2% $431,801 2015 $267,120 2% $423,335 2016 $267,120 2% $415,034 2017 $267,120 2% $406,896 2018 $267,120 2% $398,918 2019 $267,120 2% $391,096 2020 $267,120 2% $383,427 2021 $267,120 2% $375,909 2022 $267,120 2% $368,538 2023 $267,120 2% $361,312 2024 $267,120 2% $354,228 2025 $267,120 2% $347,282 2026 $267,120 2% $340,473 2027 $267,120 2% $333,797 2028 $267,120 2% $327,252 2029 $267,120 2% $320,835 2030 $267,120 2% $314,544 2031 $267,120 2% $308,376 2032 $267,120 2% $302,330 2033 $267,120 2% $296,402 2034 $267,120 2% $290,590 2035 $267,120 2% $284,892 2036 $267,120 2% $279,306 2037 $267,120 2% $273,829 2038 $267,120 2% $268,460 Total: $9,946,778 Signature: Jo Ann Simpson Date: 07/12/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 4 1 2038 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $267,120 2.00% $458,231 2012 $267,120 2.00% $449,246 2013 $267,120 2.00% $440,438 2014 $267,120 2.00% $431,801 2015 $267,120 2.00% $423,335 2016 $267,120 2.00% $415,034 2017 $267,120 2.00% $406,896 2018 $267,120 2.00% $398,918 2019 $267,120 2.00% $391,096 2020 $267,120 2.00% $383,427 2021 $267,120 2.00% $375,909 2022 $267,120 2.00% $368,538 2023 $267,120 2.00% $361,312 2024 $267,120 2.00% $354,228 2025 $267,120 2.00% $347,282 2026 $267,120 2.00% $340,473 2027 $267,120 2.00% $333,797 2028 $267,120 2.00% $327,252 2029 $267,120 2.00% $320,835 2030 $267,120 2.00% $314,544 2031 $267,120 2.00% $308,376 2032 $267,120 2.00% $302,330 2033 $267,120 2.00% $296,402 2034 $267,120 2.00% $290,590 2035 $267,120 2.00% $284,892 2036 $267,120 2.00% $279,306 2037 $267,120 2.00% $273,829 2038 $267,120 2.00% $268,460 Total: $9,946,778 Signature: Jo Ann Simpson Date: 07/12/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011 Formulas verified by: Clayton Pittiglio