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 Signature: Jo Ann Simpson Date: 07/12/2011 Secondary Signature: Kosmas Lois 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:
Category:
89.26%
1 10.74%
1 3
4 variable1 variable1 variable1 N
N Y
N N
Y 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Plant name:
North Anna Power Station, Unit 1 50-338 RAI Needed (Y/N)
PUC Verified (Y/N)
$34,200,000 None 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
$450,040,000 The total amount of dollars accumulated at the end of the appropriate year: (see below)
Y2 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 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
$255,500,000 Real Rate of Return PUC Verified (Y/N)
Licensee:
Amount in Trust Fund:
Rates Determined (Y/N)
Total Trust Fund Balance 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.
1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission N
Any material changes to trust agreements? (Y/N)
N Post-RAI Old Dominion Electric Cooperative Virginia Electric and Power Company 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)
$221,300,000
Datasheet 2 Signature: Jo Ann Simpson Date: 07/12/2011 Secondary Signature: Kosmas Lois 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 4
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
% Owned:
Category 89.26%
1 10.74%
1 2%
27.25 See Annuity Sheet See Annuity Sheet 2%
7
$481,553,292 NO Shortfall:
NO 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:
$255,500,000 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$255,500,000 Total Step 1 + Step 2
$448,230,562
$33,322,730 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 Virginia Electric and Power Company Old Dominion Electric Cooperative
$48,168,266 Total Annuity:
Step 3:
$34,200,000
$221,300,000 Amount in Trust Fund:
$9,946,778 Total Earnings:
$438,283,784 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:
NO See Total Step 2
$448,230,562 Years remaining after annuity Px 50-338 1
31 Termination of Operations:
2038 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$400,325,829 NRC Minimum:
$448,494,095 Trust Fund Balance:
Step 1:
Bx Ex Lx ECI Base Lx Base Px 2010 Year:
North Anna Power Station, Unit 1 Docket Number:
Date of Operation:
Latest Month Fx
Datasheet 2 Signature: Jo Ann Simpson Date: 07/12/2011 Secondary Signature: Kosmas Lois 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 4
50-338 1
31 Termination of Operations:
2038 Day Plant name:
2010 Year:
North Anna Power Station, Unit 1 Docket Number:
Date of Operation:
Owner Virginia Electric Power Company 2.00%
27.25 Old Dominion 3.36%
See Annuity Sheet See Annuity Sheet 2.00%
7 Does Licensee Pass:
$221,300,000
$463,807,639 YES
$34,200,000 Value of Annuity per year Total Annuity:
Number of Annual Payments:
Step 5:
If licensee is granted greater than 2% RRR Years Left in License Trust Fund Balance:
Total Earnings:
YES
$35,220,246 Total Step 5 Total of Steps 4 thru 6:
$508,974,662 Does Licensee Pass:
Total Earnings:
N/A 0
$473,754,416 See Annuity Sheet
$0 Decom Period:
Step 6:
$473,754,416
$0 Does Licensee Pass:
Real Rate of Return per year YES Total Step 4 + Step 5 Total Earnings for Decom:
Decom Period:
Total Annuity Real Rate of Return Real Rate of Return per year Accumulation:
Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$9,946,778 Earnings Credit:
Step 4:
Datasheet 2 Signature: Jo Ann Simpson Date: 07/12/2011 Secondary Signature: Kosmas Lois 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 4
1 2038 Year Annuity:
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 ANNUITY Total Accumulation Termination of Operations:
Real Rate of Return:
Dominion's Contributions
Datasheet 2 Signature: Jo Ann Simpson Date: 07/12/2011 Secondary Signature: Kosmas Lois 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 4
1 2038 ANNUITY Termination of Operations:
Year Annuity:
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 If licensee is granted greater than 2% RRR Real Rate of Return:
Total Accumulation