ML112371777
| ML112371777 | |
| Person / Time | |
|---|---|
| Site: | Palo Verde  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112371777 (4) | |
Text
Datasheet 1 Plant name: Palo Verde Nuclear Generating Station, Unit 2 Docket Number: 50-529 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $469,000,000 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:
Arizona Public Service Company (APS) 29.10% 1 $174,763,000 Salt River Project Agricultural Improvement 17.49% 1 $77,020,000 and Power District (SRP)
El Paso Electric Company (EPE) 15.80% 1 $51,916,000 Southern California Edison Company (SCE) 15.80% 1 $256,671,000 Public Service Company of New Mexico 10.20% 1 $53,766,000 (PNM)
Southern California Public Power Authority 5.91% 1 $52,638,000 (SCPPA)
Los Angeles Department of Water and 5.70% 1 $38,261,000 Power (LADWP)
Total Trust Fund Balance $705,035,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) Provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Allowed through Decom Return on Escalation Rate Other Verified Needed Verified through Determined of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N)
Variable1 Variable1 Variable1 N Y Y N N2 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Rates provided are considered variable because the rates are not consistent throughout the licensee(s) and/or years of operation.
2 For EPE, year-to-year rates cannot be determined from the submitted information since they are determined by the FERC, the Public Utility Commission of Texas and the New Mexico Public Regulation commission, which have issued various orders and rules related to decommissioning funding, investment criteria, and/or fund operations.
Signature: Michael Purdie and JoAnn Simpson Date: 8/10/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/22/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Palo Verde Nuclear Generating Station, Unit 2 Docket Number: 50-529 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 4 24 2026 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3990 $105,000,000 112.5 2.06 0.65 2.32 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28 NRC Minimum: $472,584,981 Site Specific: $578,116,000 Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Arizona Public Service Company (APS) 29.10% 1 $168,231,756 $174,763,000 Salt River Project Agricultural Improvement and 17.49% 1 $101,112,488 $77,020,000 Power District (SRP)
El Paso Electric Company (EPE) 15.80% 1 $91,342,328 $51,916,000 Southern California Edison Company (SCE) 15.80% 1 $91,342,328 $256,671,000 Public Service Company of New Mexico (PNM) 10.20% 1 $58,967,832 $53,766,000 Southern California Public Power Authority 5.91% 1 $34,166,656 $52,638,000 (SCPPA)
Los Angeles Department of Water and Power 5.70% 1 $0 $38,261,000 (LADWP)
Total Fund Balance: $705,035,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$705,035,000 2% 15.31 $954,805,787 YES Step 2:
Accumulation:
Value of Annuity per year (amount/See Annuity Real Rate of Return Number of Annual 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 $159,749,302 Total Step 1 + Step 2 Does Licensee Pass:
$1,114,555,090 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$1,114,555,090 2% 7 $82,859,184 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$1,197,414,273 YES NO Signature: Michael Purdie and JoAnn Simpson Date: 8/10/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/22/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Palo Verde Nuclear Generating Station, Unit 2 Docket Number: 50-529 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 4 24 2026 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:
APS $174,763,000 2.00% 15.31 $987,890,389 YES SRP $77,020,000 2.00%
EPE $51,916,000 2.0375%
SCE $256,671,000 2.00%
PNM $53,766,000 4.50%
SCPPA $52,638,000 2.00%
LADWP $38,261,000 2.00%
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 See Total Step 4 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5 See Total Step 4 See Annuity Sheet N/A $167,140,190 Total Step 4 + Step 5 Does Licensee Pass:
$1,155,030,580 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$1,155,030,580 2.00% 7 $85,868,246 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$1,240,898,826 YES NO Signature: Michael Purdie and JoAnn Simpson Date: 8/10/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/22/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 4 24 2026 APS SRP EPE SCE PNM SCPPA LADWP Real Rate of Real Rate of Real Rate of Real Rate of Real Rate of Real Rate of Real Rate of Total Accumulation: Total Accumulation: Total Accumulation: Total Accumulation: Total Accumulation: Total Accumulation: Total Accumulation:
Year Annuity: Return: Year Annuity: Return: Year Annuity: Return: Year Annuity: Return: Year Annuity: Return: Year Annuity: Return: Year Annuity: Return:
2011 $1,193,213 2% $1,615,980 2011 $1,988,000 2% $2,692,368 2011 $2,642,412 2% $3,578,645 2011 $0 2% $0 2011 $1,659,000 2% $2,246,800 2011 ($1,298,912) 2% ($1,759,130) 2011 ($374,230) 2% ($506,823) 2012 $1,193,213 2% $1,584,295 2012 $2,105,000 2% $2,794,924 2012 $2,917,665 2% $3,869,743 2012 $0 2% $0 2012 $1,659,000 2% $2,202,746 2012 ($1,298,912) 2% ($1,724,637) 2012 ($374,230) 2% ($496,886) 2013 $1,193,213 2% $1,553,230 2013 $2,230,000 2% $2,902,837 2013 $3,033,222 2% $3,944,125 2013 $0 2% $0 2013 $1,659,000 2% $2,159,554 2013 ($1,298,912) 2% ($1,690,820) 2013 ($374,230) 2% ($487,143) 2014 $1,193,213 2% $1,522,774 2014 $2,362,000 2% $3,014,376 2014 $3,153,356 2% $4,019,938 2014 $0 2% $0 2014 $1,659,000 2% $2,117,210 2014 ($1,298,912) 2% ($1,657,667) 2014 ($374,230) 2% ($477,591) 2015 $1,193,213 2% $1,492,916 2015 $2,502,000 2% $3,130,435 2015 $3,535,811 2% $4,419,114 2015 $0 2% $0 2015 $1,659,000 2% $2,075,696 2015 ($1,298,912) 2% ($1,625,164) 2015 ($374,230) 2% ($468,227) 2016 $1,193,213 2% $1,463,643 2016 $2,650,000 2% $3,250,597 2016 $3,675,850 2% $4,504,056 2016 $0 2% $0 2016 $1,659,000 2% $2,034,996 2016 ($1,298,912) 2% ($1,593,298) 2016 ($374,230) 2% ($459,046) 2017 $1,193,213 2% $1,434,944 2017 $2,807,000 2% $3,375,666 2017 $3,821,436 2% $4,590,631 2017 $0 2% $0 2017 $1,659,000 2% $1,995,094 2017 ($1,298,912) 2% ($1,562,057) 2017 ($374,230) 2% ($450,045) 2018 $1,193,213 2% $1,406,808 2018 $2,973,000 2% $3,505,192 2018 $4,392,538 2% $5,173,223 2018 $0 2% $0 2018 $1,659,000 2% $1,955,975 2018 ($1,298,912) 2% ($1,531,428) 2018 ($374,230) 2% ($441,220) 2019 $1,193,213 2% $1,379,224 2019 $3,149,000 2% $3,639,900 2019 $4,566,509 2% $5,272,661 2019 $0 2% $0 2019 $1,659,000 2% $1,917,623 2019 ($1,298,912) 2% ($1,501,400) 2019 ($374,230) 2% ($432,569) 2020 $1,193,213 2% $1,352,180 2020 $3,335,000 2% $3,779,309 2020 $4,747,370 2% $5,374,009 2020 $0 2% $0 2020 $1,659,000 2% $1,880,022 2020 ($1,298,912) 2% ($1,471,961) 2020 ($374,230) 2% ($424,087) 2021 $1,193,213 2% $1,325,667 2021 $3,533,000 2% $3,925,184 2021 $5,730,719 2% $6,359,958 2021 $0 2% $0 2021 $1,659,000 2% $1,843,159 2021 ($1,298,912) 2% ($1,443,099) 2021 ($374,230) 2% ($415,772) 2022 $1,193,213 2% $1,299,673 2022 $3,742,000 2% $4,075,867 2022 $5,957,690 2% $6,482,207 2022 $0 2% $0 2022 $1,659,000 2% $1,807,019 2022 ($1,298,912) 2% ($1,414,803) 2023 $1,193,213 2% $1,274,190 2023 $3,963,000 2% $4,231,946 2023 $6,193,650 2% $6,606,805 2023 $0 2% $0 2023 $1,659,000 2% $1,771,587 2023 ($1,298,912) 2% ($1,387,062) 2024 $1,193,213 2% $1,249,205 2024 $4,198,000 2% $4,394,994 2024 $8,791,549 2% $9,194,117 2024 $0 2% $0 2024 $1,659,000 2% $1,736,850 2024 ($1,298,912) 2% ($1,359,864) 2025 $1,193,213 2% $1,224,711 2025 $4,446,000 2% $4,563,365 2025 $9,139,748 2% $9,370,843 2025 $0 2% $0 2025 $1,659,000 2% $1,702,794 2025 ($1,298,912) 2% ($1,333,200) 2026 $1,193,213 2% $1,200,697 Total: $22,380,138 Total: $53,276,961 Total: $82,760,076 Total: $0 Total: $29,447,125 Total: ($23,055,590) Total: ($5,059,408)
TOTAL: $159,749,302 If licensee is granted greater than 2% RRR If licensee is granted greater than 2% RRR If licensee is granted greater than 2% RRR If licensee is granted greater than 2% RRR APS SRP EPE SCE PNM SCPPA LADWP Real Rate of Real Rate of Real Rate of Real Rate of Real Rate of Real Rate of Real Rate of Total Accumulation: Total Accumulation: Total Accumulation: Total Accumulation: Total Accumulation: Total Accumulation: Total Accumulation:
Year Annuity: Return: Year Annuity: Return: Year Annuity: Return: Year Annuity: Return: Year Annuity: Return: Year Annuity: Return: Year Annuity: Return:
2011 $1,193,213 2.00% $1,615,980 2011 $1,988,000 2% $2,692,368 2011 $2,642,412 2.0375% $3,598,849 2011 $0 2% $0 2011 $1,659,000 4.5% $3,255,568 2011 ($1,298,912) 2% ($1,759,130) 2011 ($374,230) 2% ($506,823) 2012 $1,193,213 2.00% $1,584,295 2012 $2,105,000 2% $2,794,924 2012 $2,917,665 2.0375% $3,894,383 2012 $0 2% $0 2012 $1,659,000 4.5% $3,115,376 2012 ($1,298,912) 2% ($1,724,637) 2012 ($374,230) 2% ($496,886) 2013 $1,193,213 2.00% $1,553,230 2013 $2,230,000 2% $2,902,837 2013 $3,033,222 2.0375% $3,967,781 2013 $0 2% $0 2013 $1,659,000 4.5% $2,981,221 2013 ($1,298,912) 2% ($1,690,820) 2013 ($374,230) 2% ($487,143) 2014 $1,193,213 2.00% $1,522,774 2014 $2,362,000 2% $3,014,376 2014 $3,153,356 2.0375% $4,042,562 2014 $0 2% $0 2014 $1,659,000 4.5% $2,852,843 2014 ($1,298,912) 2% ($1,657,667) 2014 ($374,230) 2% ($477,591) 2015 $1,193,213 2.00% $1,492,916 2015 $2,502,000 2% $3,130,435 2015 $3,535,811 2.0375% $4,442,351 2015 $0 2% $0 2015 $1,659,000 4.5% $2,729,994 2015 ($1,298,912) 2% ($1,625,164) 2015 ($374,230) 2% ($468,227) 2016 $1,193,213 2.00% $1,463,643 2016 $2,650,000 2% $3,250,597 2016 $3,675,850 2.0375% $4,526,076 2016 $0 2% $0 2016 $1,659,000 4.5% $2,612,434 2016 ($1,298,912) 2% ($1,593,298) 2016 ($374,230) 2% ($459,046) 2017 $1,193,213 2.00% $1,434,944 2017 $2,807,000 2% $3,375,666 2017 $3,821,436 2.0375% $4,611,379 2017 $0 2% $0 2017 $1,659,000 4.5% $2,499,937 2017 ($1,298,912) 2% ($1,562,057) 2017 ($374,230) 2% ($450,045) 2018 $1,193,213 2.00% $1,406,808 2018 $2,973,000 2% $3,505,192 2018 $4,392,538 2.0375% $5,194,694 2018 $0 2% $0 2018 $1,659,000 4.5% $2,392,284 2018 ($1,298,912) 2% ($1,531,428) 2018 ($374,230) 2% ($441,220) 2019 $1,193,213 2.00% $1,379,224 2019 $3,149,000 2% $3,639,900 2019 $4,566,509 2.0375% $5,292,598 2019 $0 2% $0 2019 $1,659,000 4.5% $2,289,267 2019 ($1,298,912) 2% ($1,501,400) 2019 ($374,230) 2% ($432,569) 2020 $1,193,213 2.00% $1,352,180 2020 $3,335,000 2% $3,779,309 2020 $4,747,370 2.0375% $5,392,348 2020 $0 2% $0 2020 $1,659,000 4.5% $2,190,686 2020 ($1,298,912) 2% ($1,471,961) 2020 ($374,230) 2% ($424,087) 2021 $1,193,213 2.00% $1,325,667 2021 $3,533,000 2% $3,925,184 2021 $5,730,719 2.0375% $6,379,316 2021 $0 2% $0 2021 $1,659,000 4.5% $2,096,350 2021 ($1,298,912) 2% ($1,443,099) 2021 ($374,230) 2% ($415,772) 2022 $1,193,213 2.00% $1,299,673 2022 $3,742,000 2% $4,075,867 2022 $5,957,690 2.0375% $6,499,547 2022 $0 2% $0 2022 $1,659,000 4.5% $2,006,077 2022 ($1,298,912) 2% ($1,414,803) 2023 $1,193,213 2.00% $1,274,190 2023 $3,963,000 2% $4,231,946 2023 $6,193,650 2.0375% $6,622,043 2023 $0 2% $0 2023 $1,659,000 4.5% $1,919,691 2023 ($1,298,912) 2% ($1,387,062) 2024 $1,193,213 2.00% $1,249,205 2024 $4,198,000 2% $4,394,994 2024 $8,791,549 2.0375% $9,211,937 2024 $0 2% $0 2024 $1,659,000 4.5% $1,837,025 2024 ($1,298,912) 2% ($1,359,864) 2025 $1,193,213 2.00% $1,224,711 2025 $4,446,000 2% $4,563,365 2025 $9,139,748 2.0375% $9,385,555 2025 $0 2% $0 2025 $1,659,000 4.5% $1,757,918 2025 ($1,298,912) 2% ($1,333,200) 2026 $1,193,213 2.00% $1,200,697 Total: $22,380,138 Total: $53,276,961 Total: $83,061,418 Total: $0 Total: $36,536,671 Total: ($23,055,590) Total: ($5,059,408)
TOTAL: $167,140,190 Signature: Michael Purdie and JoAnn Simpson Date: 8/10/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/22/2011 Formulas verified by: Clayton Pittiglio