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 Plant name: Robinson (H.B.) Plant, Unit 2 Docket Number: 50-261 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $425,100,000 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:
Progress Energy Carolina 100.00% 1 $311,666,147 Total Trust Fund Balance $311,666,147 3 Schedule of the annual amounts remaining to be collected: (provided/none) provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate of Allowed through Decom Return on Other Verified Needed Verified through Determined Rate Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) variable1 3.00% variable1 Y N N Y N Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) Y2 If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 2
Effective 2/16/2010 Progress Energy Service Company, LLC engaged Watson Wyatt Investment Consulting, Inc., a Tower Watson company as its new investment advisor. Towers Watson Advises Progress Energy on its trust investments including its nuclear decommissioning trusts.
Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/10/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Robinson (H.B.) Plant, Unit 2 Docket Number: 50-261 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 7 31 2030 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx 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 NRC Minimum: $424,979,189 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Progress Energy Carolina 100.00% 1 $424,979,189 $311,666,147 Total Fund Balance: $311,666,147 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$311,666,147 2% 19.58 $459,313,978 YES Step 2:
Accumulation:
Value of Annuity per year Real Rate of Return Number of Annual (amount/See Annuity 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 $292,630,385 Total Step 1 + Step 2 Does Licensee Pass:
$751,944,363 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$751,944,363 2% 7 $55,901,675 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$807,846,038 YES NO Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/10/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Robinson (H.B.) Plant, Unit 2 Docket Number: 50-261 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 7 31 2030 If licensee is granted greater than 2% RRR Step 4:
Earnings Credit:
Real Rate Years Type of Fund Trust Fund Balance: of Return Left in Total Earnings: Does Licensee Pass:
North Carolina Qualified Fund $210,026,568 3.00% 19.58 $524,478,111 YES All Others $101,639,579 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 $301,798,659 Total Step 4 + Step 5 Does Licensee Pass:
$826,276,770 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$826,276,770 2.00% 7 $61,427,757 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$887,704,526 YES NO Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/10/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 7 31 2030 Real Rate Total Year Annuity: of Return: Accumulation 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 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/10/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 7 31 2030 If licensee is granted greater than 2% RRR Real Rate Total Real Rate Total Real Rate Total Year Annuity: of Return: Accumulation Year Annuity: of Return: Accumulation Year Annuity: of Return: Accumulation North Carolina Qualified North Carolina NonQualified South Carolina and Wholesale 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: $95,550,259 Total: $145,835,750 Total: $60,412,650 Total: $301,798,659 Signature: Aaron L. Szabo Date: 7/26/2011 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/10/2011 Formulas verified by: Clayton Pittiglio