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 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:
Category:
100.00%
1 3
4 2.00%
N N
N 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 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.
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)
Escalation Rate Y2 Allowed through Decom (Y/N)
Total Trust Fund Balance Post-RAI Rates Determined (Y/N)
Any material changes to trust agreements? (Y/N)
N Y1 Plant name:
River Bend Station (Regulated) 50-458 RAI Needed (Y/N)
PUC Verified (Y/N) provided Docket Number:
Did the licensee identify the amount of estimated radiological funds? (Y/N)
The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):
Y
$416,300,000 The total amount of dollars accumulated at the end of the appropriate year: (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 Licensee:
$174,120,000 Amount in Trust Fund:
$174,120,000 Real Rate of Return PUC Verified (Y/N)
Entergy 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)
Datasheet 2 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 8
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
% Owned:
Category 100.00%
1 2%
14.66 See Annuity Sheet See Annuity Sheet 2%
7
$542,772,902 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:
$174,120,000 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$174,120,000 Total Step 1 + Step 2
$505,213,871
$37,559,031 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 Entergy Total Annuity:
Step 3:
$174,120,000 Amount in Trust Fund:
$272,438,308 Total Earnings:
$232,775,564 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
$505,213,871 Years remaining after annuity Px 50-458 29 31 Termination of Operations:
2025 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$416,199,528 NRC Minimum:
$416,199,528 Trust Fund Balance:
Step 1:
Bx Ex Lx ECI Base Lx Base Px 2010 Year:
River Bend Station (Regulated)
Docket Number:
Date of Operation:
Latest Month Fx
Datasheet 2 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 8
50-458 29 31 Termination of Operations:
2025 Day Plant name:
2010 Year:
River Bend Station (Regulated)
Docket Number:
Date of Operation:
2.00%
14.66 See Annuity Sheet See Annuity Sheet 2.00%
7 Real Rate of Return per year Accumulation:
Value of Annuity per year
$174,120,000 Total Annuity:
Number of Annual Payments:
Step 5:
Real Rate of Return per year Total Earnings:
$232,775,564 NO If licensee is granted greater than 2% RRR YES
$37,559,031 Total Step 5 Total of Steps 4 thru 6:
$542,772,902 Does Licensee Pass:
Total Earnings:
N/A 0
$505,213,871 See Annuity Sheet See Total Step 5 Decom Period:
Step 6:
$505,213,871 See Total Step 5 Does Licensee Pass:
Real Rate of Return per year YES Total Step 4 + Step 5 Total Earnings for Decom:
Decom Period:
Total Annuity Does Licensee Pass:
Trust Fund Balance:
Years Left in License Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$272,438,308 Earnings Credit:
Step 4:
Datasheet 2 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 8
29 2025 Year Annuity:
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 ANNUITY Total Accumulation Termination of Operations:
Real Rate of Return:
Datasheet 2 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 8
29 2025 ANNUITY Termination of Operations:
Year Annuity:
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 If licensee is granted greater than 2% RRR Real Rate of Return:
Total Accumulation
Datasheet 1 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:
Category:
100.00%
2 3
4 2.00%
N N
5 6
Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Plant name:
River Bend Station (Non-Regulated) 50-458 RAI Needed (Y/N)
PUC Verified (Y/N) none Docket Number:
Did the licensee identify the amount of estimated radiological funds? (Y/N)
The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):
Escalation Rate Allowed through Decom (Y/N)
Post-RAI Rates Determined (Y/N)
Y
$178,400,000 The total amount of dollars accumulated at the end of the appropriate year: (see below)
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)
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
$218,000,000 Real Rate of Return PUC Verified (Y/N)
N Any material changes to trust agreements? (Y/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)
N N
Any contracts upon which the licensee is relying? (Y/N)
Total Trust Fund Balance Entergy Gulf States LA Licensee:
$218,000,000 Amount in Trust Fund:
Datasheet 2 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 8
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
% Owned:
Category 100.00%
2 2%
14.66 2%
2%
2%
7
$313,103,638 NO Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
YES Total of Steps 1 thru 3:
Number of Annual Payments:
Accumulation:
Step 2:
Earnings Credit:
$218,000,000 Decom Period:
$0 Total Annuity Real Rate of Return per year Total Fund Balance:
$218,000,000 Total Step 1 + Step 2
$291,437,358
$21,666,279 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 Entergy Gulf States LA Total Annuity:
Step 3:
$218,000,000 Amount in Trust Fund:
$0 Total Earnings:
$291,437,358 Real Rate of Return per year Fx Site Specific:
Total Step 2:
Years Left in License 14.66 Real Rate of Return per year Does Licensee Pass:
YES
$0
$291,437,358 Years remaining after annuity Px 50-458 29 31 Termination of Operations:
2025 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$178,371,226 NRC Minimum:
$178,371,226 Trust Fund Balance:
Step 1:
Bx Ex Lx ECI Base Lx Base Px 2010 Year:
River Bend Station (Non-Regulated)
Docket Number:
Date of Operation:
Latest Month Fx
Datasheet 2 Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 8/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 8
50-458 29 31 Termination of Operations:
2025 Day Plant name:
2010 Year:
River Bend Station (Non-Regulated)
Docket Number:
Date of Operation:
2.00%
14.66 2.00%
2.00%
2.00%
7 Real Rate of Return per year Accumulation:
Value of Annuity per year
$218,000,000 Total Annuity:
Number of Annual Payments:
Step 5:
Real Rate of Return per year Total Earnings:
$291,437,358 YES If licensee is granted greater than 2% RRR YES
$21,666,279 Total Step 5 Total of Steps 4 thru 6:
$313,103,638 Does Licensee Pass:
Total Earnings:
14.66 0
$291,437,358
$0
$0 Decom Period:
Step 6:
$291,437,358
$0 Does Licensee Pass:
Real Rate of Return per year YES Total Step 4 + Step 5 Total Earnings for Decom:
Decom Period:
Total Annuity Does Licensee Pass:
Trust Fund Balance:
Years Left in License Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$0 Earnings Credit:
Step 4: