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 Plant name: North Anna Power Station, Unit 2 Docket Number: 50-339 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:1 Category: Amount in Trust Fund:
Virginia Electric and Power Company 89.26% 1 $209,700,000 Old Dominion Electric Cooperative 10.74% 1 $34,830,000 Total Trust Fund Balance $244,530,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) None 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of PUC RAI PUC Allowed Rates Rate(s) of Real Rate Allowed through Decom Return on Escalation Rate Verified Needed Verified through Determined Other Factors of Return (Y/N)
Earnings (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) variable2 variable2 variable2 N N Y N N Y 5 Any contracts upon which the licensee is relying? (Y/N) Y3 N
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Old Dominion ownes 11.6% of North Anna Power Station, but is only responsible for 10.74% of the decommissioning funding obligation.
2 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 3
ODEC has wholesale power contracts with 11 member distribution cooperatives. For NRC reference, ODEC has attached its Second Amended and Restated Wholesale Power Contract with A&N Electric Cooperative.
Signature: JoAnn Simpson Date: 07/12/2011 Secondary Check: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Signature: 7/26/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: North Anna Power Station, Unit 2 Docket Number: 50-339 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 8 21 2040 Latest Latest BWR/PWR MWth 1986$ 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 $209,700,000 Old Dominion Electric Cooperative 10.74% 1 $48,168,266 $34,830,000 Total Fund Balance: $244,530,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$244,530,000 2% 29.64 $439,779,474 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 $10,449,043 Total Step 1 + Step 2 Does Licensee Pass:
$450,228,518 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$450,228,518 2% 7 $33,471,264 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$483,699,781 YES NO Signature: JoAnn Simpson Date: 07/12/2011 Secondary Check: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Signature: 7/26/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: North Anna Power Station, Unit 2 Docket Number: 50-339 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 8 21 2040 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
$209,700,000 2.00% 29.64 $469,923,366 YES Company Old Dominion $34,830,000 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 $10,449,043 Total Step 4 + Step 5 Does Licensee Pass:
$480,372,409 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$480,372,409 2.00% 7 $35,712,246 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$516,084,655 YES NO Signature: JoAnn Simpson Date: 07/12/2011 Secondary Check: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Signature: 7/26/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 8 21 2040 Real Rate Total Year Annuity: of Return: Accumulation 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 Signature: JoAnn Simpson Date: 07/12/2011 Secondary Check: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Signature: 7/26/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 8 21 2040 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 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 Signature: JoAnn Simpson Date: 07/12/2011 Secondary Check: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Signature: 7/26/2011 Formulas verified by: Clayton Pittiglio