ML112371829
| ML112371829 | |
| Person / Time | |
|---|---|
| Site: | Robinson  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112371829 (5) | |
Text
Datasheet 1 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Date: 8/10/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:
Category:
100.00%
1 3
4 variable1 3.00%
variable1 Y
N N
Y N
Y 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Post-RAI Rates Determined (Y/N)
Y 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission Y2 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 Progress Energy Carolina Licensee:
$311,666,147 Amount in Trust Fund:
$425,100,000 The total amount of dollars accumulated at the end of the appropriate year: (see below)
N 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)
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
$311,666,147 Real Rate of Return PUC Verified (Y/N)
Total Trust Fund Balance 2 Effective 2/16/2010 Progress Energy Service Company, LLC engaged Watson Wyatt Investment Consulting, Inc., a Tower Watson company as its new investment advisor. Towers Watson Advises Progress Energy on its trust investments including its nuclear decommissioning trusts.
Plant name:
Robinson (H.B.) Plant, Unit 2 50-261 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):
Escalation Rate Allowed through Decom (Y/N)
Datasheet 2 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Date: 8/10/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 7
PWR 2339
$95,583,200 112.8 1.98 0.65 2.23 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28
% Owned:
Category 100.00%
1 2%
19.58 See Annuity Sheet See Annuity Sheet 2%
7 Bx Ex Lx ECI Base Lx Base Px 2010 Year:
Robinson (H.B.) Plant, Unit 2 Docket Number:
Date of Operation:
Latest Month Fx 50-261 31 31 Termination of Operations:
2030 1986$
Day Base Fx Plant name:
Px Latest Month Px Total Earnings:
Real Rate of Return per year Amount of NRC Minimum/Site Specific:
Step 3:
$292,630,385 Does Licensee Pass:
YES See Total Step 2
$751,944,363 Years remaining after annuity Value of Annuity per year (amount/See Annuity Sheet) see annuity sheet Total Annuity:
Total Earnings:
$459,313,978 Fx Site Specific:
Licensee:
$424,979,189 NRC Minimum:
$424,979,189
$311,666,147 Amount in Trust Fund:
Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year BWR/PWR MWth Progress Energy Carolina Real Rate of Return per year Real Rate of Return per year Total Fund Balance:
$311,666,147 Total Step 1 + Step 2
$751,944,363 Trust Fund Balance:
Step 1:
Total Step 2:
Number of Annual Payments:
Accumulation:
Step 2:
Earnings Credit:
$311,666,147 Years Left in License N/A
$55,901,675 Total Earnings for Decom:
Decom Period:
Total of Steps 1 thru 3:
$807,846,038 NO YES Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
Datasheet 2 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Date: 8/10/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 7
2010 Year:
Robinson (H.B.) Plant, Unit 2 Docket Number:
Date of Operation:
50-261 31 31 Termination of Operations:
2030 Day Plant name:
3.00%
19.58 2.00%
See Annuity Sheet See Annuity Sheet 2.00%
7 Shortfall:
NO Real Rate of Return per year Years remaining after annuity Does Licensee Pass:
Trust Fund Balance:
Years Left in If licensee is granted greater than 2% RRR
$301,798,659 Total Annuity YES
$61,427,757 Total Step 5 Total of Steps 4 thru 6:
$887,704,526 Does Licensee Pass:
Total Earnings:
N/A 0
$826,276,770 see annuity sheet See Total Step 4 Decom Period:
Step 6:
$826,276,770 See Total Step 4 Does Licensee Pass:
Real Rate of Return per year YES Total Step 4 + Step 5 Total Earnings for Decom:
Decom Period:
Earnings Credit:
Step 4:
All Others
$101,639,579
$210,026,568 Type of Fund Real Rate of Return per year Accumulation:
Value of Annuity per year North Carolina Qualified Fund Total Annuity:
Number of Annual Payments:
Step 5:
Real Rate of Return Total Earnings:
$524,478,111 YES
Datasheet 2 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Date: 8/10/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 7
31 2030 Year Annuity:
2011
$16,827,577 2%
$24,800,210 2012
$15,543,519 2%
$22,458,614 2013
$15,543,519 2%
$22,018,249 2014
$15,543,519 2%
$21,586,519 2015
$15,543,519 2%
$21,163,254 2016
$15,543,519 2%
$20,748,288 2017
$15,543,519 2%
$20,341,459 2018
$9,668,420 2%
$12,404,752 2019
$9,668,420 2%
$12,161,521 2020
$9,668,420 2%
$11,923,060 2021
$9,668,420 2%
$11,689,275 2022
$9,668,420 2%
$11,460,073 2023
$9,668,420 2%
$11,235,366 2024
$9,668,420 2%
$11,015,065 2025
$9,668,420 2%
$10,799,083 2026
$9,668,420 2%
$10,587,336 2027
$9,668,420 2%
$10,379,741 2028
$9,668,420 2%
$10,176,217 2029
$9,668,420 2%
$9,976,683 2030
$5,639,912 2%
$5,705,620 Total:
$292,630,385 ANNUITY Total Accumulation Termination of Operations:
Real Rate of Return:
Datasheet 2 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Date: 8/10/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 7
31 2030 ANNUITY Termination of Operations:
Year Annuity:
Year Annuity:
Year Annuity:
2011
$11,914,511 3.00%
$21,256,531 2011
$72,883 2.00%
$107,414 2011
$3,556,125 2.00%
$5,240,959 2012
$4,000,230 3.00%
$6,928,894 2012
$7,987,164 2.00%
$11,540,542 2012
$3,556,125 2.00%
$5,138,195 2013
$2,878,980 3.00%
$4,841,505 2013
$9,108,414 2.00%
$12,902,569 2013
$3,556,125 2.00%
$5,037,447 2014
$2,878,980 3.00%
$4,700,490 2014
$9,108,414 2.00%
$12,649,578 2014
$3,556,125 2.00%
$4,938,673 2015
$2,878,980 3.00%
$4,563,583 2015
$9,108,414 2.00%
$12,401,547 2015
$3,556,125 2.00%
$4,841,836 2016
$2,878,980 3.00%
$4,430,663 2016
$9,108,414 2.00%
$12,158,379 2016
$3,556,125 2.00%
$4,746,898 2017
$2,878,980 3.00%
$4,301,614 2017
$9,108,414 2.00%
$11,919,979 2017
$3,556,125 2.00%
$4,653,822 2018
$2,878,980 3.00%
$4,176,325 2018
$5,000,452 2.00%
$6,415,667 2018
$1,788,988 2.00%
$2,295,303 2019
$2,878,980 3.00%
$4,054,684 2019
$5,000,452 2.00%
$6,289,870 2019
$1,788,988 2.00%
$2,250,297 2020
$2,878,980 3.00%
$3,936,586 2020
$5,000,452 2.00%
$6,166,539 2020
$1,788,988 2.00%
$2,206,173 2021
$2,878,980 3.00%
$3,821,929 2021
$5,000,452 2.00%
$6,045,627 2021
$1,788,988 2.00%
$2,162,915 2022
$2,878,980 3.00%
$3,710,610 2022
$5,000,452 2.00%
$5,927,085 2022
$1,788,988 2.00%
$2,120,505 2023
$2,878,980 3.00%
$3,602,534 2023
$5,000,452 2.00%
$5,810,868 2023
$1,788,988 2.00%
$2,078,927 2024
$2,878,980 3.00%
$3,497,606 2024
$5,000,452 2.00%
$5,696,929 2024
$1,788,988 2.00%
$2,038,163 2025
$2,878,980 3.00%
$3,395,734 2025
$5,000,452 2.00%
$5,585,224 2025
$1,788,988 2.00%
$1,998,199 2026
$2,878,980 3.00%
$3,296,829 2026
$5,000,452 2.00%
$5,475,710 2026
$1,788,988 2.00%
$1,959,019 2027
$2,878,980 3.00%
$3,200,805 2027
$5,000,452 2.00%
$5,368,343 2027
$1,788,988 2.00%
$1,920,607 2028
$2,878,980 3.00%
$3,107,578 2028
$5,000,452 2.00%
$5,263,082 2028
$1,788,988 2.00%
$1,882,948 2029
$2,878,980 3.00%
$3,017,066 2029
$5,000,452 2.00%
$5,159,884 2029
$1,788,988 2.00%
$1,846,027 2030
$1,679,405 3.00%
$1,708,694 2030
$2,916,930 2.00%
$2,950,914 2030
$1,043,577 2.00%
$1,055,735 Total:
Total:
Total:
Total:
$301,798,659 If licensee is granted greater than 2% RRR Real Rate of Return:
Total Accumulation
$95,550,259
$145,835,750
$60,412,650 Real Rate of Return:
Total Accumulation Real Rate of Return:
Total Accumulation North Carolina Qualified North Carolina NonQualified South Carolina and Wholesale