ML112371817
| ML112371817 | |
| Person / Time | |
|---|---|
| Site: | Quad Cities  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112371817 (3) | |
Text
Datasheet 1 Plant name: Quad Cities Station, Unit 1 Docket Number: 50-254 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):1 $600,974,699 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:
Exelon Generation 75.00% 2 $301,270,000 Company, LLC MidAmerican Energy 25.00% 1 $147,196,522 Company Total Trust Fund Balance $448,466,522 3 Schedule of the annual amounts remaining to be collected: (provided/none) provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 2.00% 2.00% N N Y N N Y 5 Any contracts upon which the licensee is relying? (Y/N) N 2
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) Y 3
7 Any material changes to trust agreements? (Y/N) Y If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Licensee calculated MFA higher than NRC calculations. Justification, including factors used, were provided to NRC for review. No further review required.
2 EGC- financial assurnance is provided by prepayment method coupled with an external trust fund; MidAmerican - continues to use an external sinking fund. No further review required.
3 Changes were made to trust agreements in 3/2009 to accommodate a transfer of assets from the non-qualified trusts to the qualified trusts permitted under IRC Section 468A and related Treasury Regulations. No additional changes were needed. No further review required.
Signature: Shawn Harwell Date: 8/4/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/16/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Quad Cities Station, Unit 1 Docket Number: 50-254 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 12 14 2032 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx BWR 2957 $130,613,000 111.3 2.08 0.65 2.32 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.307 0.22 12.54 NRC Minimum: $596,058,795 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Exelon Generation 75.00% 2 $447,044,096 $301,270,000 Company, LLC MidAmerican Energy 25.00% 1 $149,014,699 $147,196,522 Company Total Fund Balance: $448,466,522 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$448,466,522 2% 21.95 $692,680,962 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:
$797,982 2% 21.95 $21,723,053 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:
$21,723,053 2% 0.00 $21,724,526 Total Step 1 + Step 2 Does Licensee Pass:
$714,405,488 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$714,405,488 2% 7 $53,110,929 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$767,516,417 YES NO Signature: Shawn Harwell Date: 8/4/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/16/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Quad Cities Station, Unit 1 Docket Number: 50-254 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 12 14 2032 If licensee is granted greater than 2% RRR Step 4:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$448,466,522 2.00% 21.95 $692,680,962 YES Step 5:
Accumulation:
Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:
$797,982 2.00% 21.95 $21,723,053 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5
$21,723,053 2.00% 0.00 $21,724,526 Total Step 4 + Step 5 Does Licensee Pass:
$714,405,488 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$714,405,488 2.00% 7 $53,110,929 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$767,516,417 YES NO Signature: Shawn Harwell Date: 8/4/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/16/2011 Formulas verified by: Clayton Pittiglio