ML112370156
| ML112370156 | |
| 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: ML112370156 (5) | |
Text
Datasheet 1 Signature: JoAnn Simpson Date: 07/12/2011 Secondary Check: Kosmas Lois Signature: 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:1 Category:
89.26%
1 10.74%
1 3
4 variable2 variable2 variable2 N
N Y
N N
Y 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7
$34,830,000 None Did the licensee identify the amount of estimated radiological funds? (Y/N)
Escalation Rate Allowed through Decom (Y/N)
Y Licensee:
Amount in Trust Fund:
Old Dominion Electric Cooperative Virginia Electric and Power Company Plant name:
North Anna Power Station, Unit 2 50-339 Docket Number:
The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):
$450,040,000 The total amount of dollars accumulated at the end of the appropriate year: (see below)
Y3 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
$244,530,000 Real Rate of Return PUC Verified (Y/N)
RAI Needed (Y/N)
PUC Verified (Y/N) 3 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.
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)
$209,700,000 1 Old Dominion ownes 11.6% of North Anna Power Station, but is only responsible for 10.74% of the decommissioning funding obligation.
2 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission Post-RAI Rates Determined (Y/N)
Total Trust Fund Balance N
Any material changes to trust agreements? (Y/N)
N
Datasheet 2 Signature: JoAnn Simpson Date: 07/12/2011 Secondary Check: Kosmas Lois Signature: 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 8
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%
29.64 See Annuity Sheet See Annuity Sheet 2%
7
$483,699,781 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:
$244,530,000 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$244,530,000 Total Step 1 + Step 2
$450,228,518
$33,471,264 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:
$34,830,000
$209,700,000 Amount in Trust Fund:
$10,449,043 Total Earnings:
$439,779,474 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
$450,228,518 Years remaining after annuity Px 50-339 21 31 Termination of Operations:
2040 1986$
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 2 Docket Number:
Date of Operation:
Latest Month Fx
Datasheet 2 Signature: JoAnn Simpson Date: 07/12/2011 Secondary Check: Kosmas Lois Signature: 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 8
50-339 21 31 Termination of Operations:
2040 Day Plant name:
2010 Year:
North Anna Power Station, Unit 2 Docket Number:
Date of Operation:
Owner Virginia Electric Power Company 2.00%
29.64 Old Dominion 3.36%
See Annuity Sheet See Annuity Sheet 2.00%
7 Does Licensee Pass:
$209,700,000
$469,923,366 YES
$34,830,000 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
$35,712,246 Total Step 5 Total of Steps 4 thru 6:
$516,084,655 Does Licensee Pass:
Total Earnings:
N/A 0
$480,372,409 See Annuity Sheet
$0 Decom Period:
Step 6:
$480,372,409
$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
$10,449,043 Earnings Credit:
Step 4:
Datasheet 2 Signature: JoAnn Simpson Date: 07/12/2011 Secondary Check: Kosmas Lois Signature: 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 8
21 2040 Year Annuity:
2011
$254,320 2%
$457,401 2012
$254,320 2%
$448,432 2013
$254,320 2%
$439,640 2014
$254,320 2%
$431,019 2015
$254,320 2%
$422,568 2016
$254,320 2%
$414,282 2017
$254,320 2%
$406,159 2018
$254,320 2%
$398,195 2019
$254,320 2%
$390,387 2020
$254,320 2%
$382,733 2021
$254,320 2%
$375,228 2022
$254,320 2%
$367,871 2023
$254,320 2%
$360,658 2024
$254,320 2%
$353,586 2025
$254,320 2%
$346,653 2026
$254,320 2%
$339,856 2027
$254,320 2%
$333,192 2028
$254,320 2%
$326,659 2029
$254,320 2%
$320,254 2030
$254,320 2%
$313,974 2031
$254,320 2%
$307,818 2032
$254,320 2%
$301,782 2033
$254,320 2%
$295,865 2034
$254,320 2%
$290,064 2035
$254,320 2%
$284,376 2036
$254,320 2%
$278,800 2037
$254,320 2%
$273,333 2038
$254,320 2%
$267,974 2039
$254,320 2%
$262,719 2040
$254,320 2%
$257,568 Total:
$10,449,043 ANNUITY Total Accumulation Termination of Operations:
Real Rate of Return:
Datasheet 2 Signature: JoAnn Simpson Date: 07/12/2011 Secondary Check: Kosmas Lois Signature: 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 8
21 2040 ANNUITY Termination of Operations:
Year Annuity:
2011
$254,320 2.00%
$457,401 2012
$254,320 2.00%
$448,432 2013
$254,320 2.00%
$439,640 2014
$254,320 2.00%
$431,019 2015
$254,320 2.00%
$422,568 2016
$254,320 2.00%
$414,282 2017
$254,320 2.00%
$406,159 2018
$254,320 2.00%
$398,195 2019
$254,320 2.00%
$390,387 2020
$254,320 2.00%
$382,733 2021
$254,320 2.00%
$375,228 2022
$254,320 2.00%
$367,871 2023
$254,320 2.00%
$360,658 2024
$254,320 2.00%
$353,586 2025
$254,320 2.00%
$346,653 2026
$254,320 2.00%
$339,856 2027
$254,320 2.00%
$333,192 2028
$254,320 2.00%
$326,659 2029
$254,320 2.00%
$320,254 2030
$254,320 2.00%
$313,974 2031
$254,320 2.00%
$307,818 2032
$254,320 2.00%
$301,782 2033
$254,320 2.00%
$295,865 2034
$254,320 2.00%
$290,064 2035
$254,320 2.00%
$284,376 2036
$254,320 2.00%
$278,800 2037
$254,320 2.00%
$273,333 2038
$254,320 2.00%
$267,974 2039
$254,320 2.00%
$262,719 2040
$254,320 2.00%
$257,568 Total:
$10,449,043 If licensee is granted greater than 2% RRR Real Rate of Return:
Total Accumulation