ML112371825
| ML112371825 | |
| Person / Time | |
|---|---|
| Site: | River Bend  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112371825 (8) | |
Text
Datasheet 1 Plant name: River Bend Station (Regulated) Docket Number: 50-458 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $416,300,000 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:
Entergy 100.00% 1 $174,120,000 Total Trust Fund Balance $174,120,000 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 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% N N N 5 Any contracts upon which the licensee is relying? (Y/N) Y1 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) Y2 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 See the agreement in attachment 3-G for the MSS-4 Agreement which is a unit power purchase agreement under the MSS-4 Agreement, a FERC tariff. The licensee had previously believed this arrangement would qualify as a contractual obligation, but upon further consideration, the licensee believes this arrangement is simply a cost of service recovery mechanism as defined in 10 CFR §50.75(e)(1)(ii)(A). This MSS-4 Agreement is a FERC tariff, part of the larger Entergy System Agreement, which is itself a FERC tariff. The NRC reviewed this arrangement in a license transfer application in 2007 (see ADAMS Accession Nos. ML071560529 and ML072470715). Accordingly, it is the licensee's position that this agreement is not a 10 CFR §50.75(e)(1)(v) "contractual obligation," but rather a cost of service tariff which may appropriately be used to fund the external sinking fund in accordance with 10 CFR §50.75(e)(1)(ii).
Out of an abundance of caution, the licensee identifies this information here.
2 See note 1 above. The MSS-4 Agreement was modified in 2010 in response to certain concerns raised by the NRC Staff. The modifications were accepted by the FERC on February 14, 2011. See attachment 3-G for the changes to the MSS-4 Agreement and the FERC's acceptance thereof.
Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: River Bend Station (Regulated) Docket Number: 50-458 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 8 29 2025 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx BWR 3091 $131,819,000 112.8 1.98 0.65 2.23 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.307 0.22 12.54 NRC Minimum: $416,199,528 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Entergy 100.00% 1 $416,199,528 $174,120,000 Total Fund Balance: $174,120,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$174,120,000 2% 14.66 $232,775,564 NO 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 $272,438,308 Total Step 1 + Step 2 Does Licensee Pass:
$505,213,871 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$505,213,871 2% 7 $37,559,031 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$542,772,902 YES NO Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: River Bend Station (Regulated) Docket Number: 50-458 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 8 29 2025 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:
$174,120,000 2.00% 14.66 $232,775,564 NO 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 5 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5 See Total Step 5 See Annuity Sheet N/A $272,438,308 Total Step 4 + Step 5 Does Licensee Pass:
$505,213,871 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$505,213,871 2.00% 7 $37,559,031 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$542,772,902 YES NO Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 8 29 2025 Real Rate Total Year Annuity: of Return: Accumulation 2011 $9,975,000 2% $13,335,686 2012 $9,975,000 2% $13,074,202 2013 $9,975,000 2% $12,817,846 2014 $9,975,000 2% $12,566,515 2015 $11,128,000 2% $13,744,182 2016 $11,128,000 2% $13,474,688 2017 $11,127,000 2% $13,209,292 2018 $11,127,000 2% $12,950,286 2019 $11,128,000 2% $12,697,500 2020 $12,327,000 2% $13,789,811 2021 $12,327,000 2% $13,519,423 2022 $12,327,000 2% $13,254,336 2023 $12,327,000 2% $12,994,447 2024 $12,327,000 2% $12,739,654 2025 $13,877,000 2% $14,060,335 2026 $13,712,000 2% $13,620,740 2027 $13,712,000 2% $13,353,667 2028 $13,712,000 2% $13,091,830 2029 $13,712,000 2% $12,835,127 2030 $15,532,000 2% $14,253,666 2031 $2,019,000 2% $1,816,500 2032 $2,019,000 2% $1,780,882 2033 $2,019,000 2% $1,745,963 2034 $2,019,000 2% $1,711,728 Total: $272,438,308 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 8 29 2025 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $9,975,000 2.00% $13,335,686 2012 $9,975,000 2.00% $13,074,202 2013 $9,975,000 2.00% $12,817,846 2014 $9,975,000 2.00% $12,566,515 2015 $11,128,000 2.00% $13,744,182 2016 $11,128,000 2.00% $13,474,688 2017 $11,127,000 2.00% $13,209,292 2018 $11,127,000 2.00% $12,950,286 2019 $11,128,000 2.00% $12,697,500 2020 $12,327,000 2.00% $13,789,811 2021 $12,327,000 2.00% $13,519,423 2022 $12,327,000 2.00% $13,254,336 2023 $12,327,000 2.00% $12,994,447 2024 $12,327,000 2.00% $12,739,654 2025 $13,877,000 2.00% $14,060,335 2026 $13,712,000 2.00% $13,620,740 2027 $13,712,000 2.00% $13,353,667 2028 $13,712,000 2.00% $13,091,830 2029 $13,712,000 2.00% $12,835,127 2030 $15,532,000 2.00% $14,253,666 2031 $2,019,000 2.00% $1,816,500 2032 $2,019,000 2.00% $1,780,882 2033 $2,019,000 2.00% $1,745,963 2034 $2,019,000 2.00% $1,711,728 Total: $272,438,308 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio
Datasheet 1 Plant name: River Bend Station (Non-Regulated) Docket Number: 50-458 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $178,400,000 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:
Entergy Gulf States LA 100.00% 2 $218,000,000 Total Trust Fund Balance $218,000,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) none 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 2.00% N N 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below)
Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: River Bend Station (Non-Regulated) Docket Number: 50-458 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 8 29 2025 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx BWR 3091 $131,819,000 112.8 1.98 0.65 2.23 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.307 0.22 12.54 NRC Minimum: $178,371,226 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Entergy Gulf States LA 100.00% 2 $178,371,226 $218,000,000 Total Fund Balance: $218,000,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$218,000,000 2% 14.66 $291,437,358 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:
2% $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:
$0 2% 14.66 $0 Total Step 1 + Step 2 Does Licensee Pass:
$291,437,358 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$291,437,358 2% 7 $21,666,279 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$313,103,638 YES NO Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: River Bend Station (Non-Regulated) Docket Number: 50-458 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 8 29 2025 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:
$218,000,000 2.00% 14.66 $291,437,358 YES Step 5:
Accumulation:
Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:
$0 2.00% 0 $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5
$0 2.00% 14.66 $0 Total Step 4 + Step 5 Does Licensee Pass:
$291,437,358 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$291,437,358 2.00% 7 $21,666,279 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$313,103,638 YES NO Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio