ML112371834
| ML112371834 | |
| Person / Time | |
|---|---|
| Site: | Salem  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112371834 (5) | |
Text
Datasheet 1 Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo Date: 8/16/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:
Category:
42.59%
1 57.41%
1 3
4 variable2 variable2 N
N Y
Y N
Y 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 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)
Y3 N
3 EGC-financial assurance provided by external sinking fund method coupled with an external trust fund; PSEG - prepayment method. No further review required.
1 Licensee calculated MFA higher than NRC calculations. Justification, including factors used, were provided to NRC for review. No further review required.
2 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission
$484,136,000 Allowed through Decom (Y/N)
Total Trust Fund Balance Post-RAI Rates Determined (Y/N)
Amount in Trust Fund:
$364,495,000 PSEG Exelon Generation Company, LLC Licensee:
Plant name:
Salem Nuclear Generating Station, Unit 2 50-311 RAI Needed (Y/N)
PUC Verified (Y/N)
$230,825,000 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):1 Escalation Rate Y
The total amount of dollars accumulated at the end of the appropriate year: (see below)
$133,670,000 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 Real Rate of Return PUC Verified (Y/N)
Datasheet 2 Signature: Shawn Harwell Date: 8/4/2011 Signature: Aaron L. Szabo Date: 8/16/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 4
PWR 3459
$105,000,000 113.6 2.16 0.65 2.45 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28
% Owned:
Category 42.59%
1 57.41%
1 2%
29.30 See Annuity Sheet See Annuity Sheet 2%
7 NO Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
YES
$364,495,000 Total Step 1 + Step 2
$698,632,041 Trust Fund Balance:
Step 1:
$51,938,286 Total Earnings for Decom:
Decom Period:
Earnings Credit:
$364,495,000 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$750,570,327 BWR/PWR MWth Exelon Generation Company, LLC PSEG
$276,650,021 Total Annuity:
$230,825,000
$133,670,000 Amount in Trust Fund:
Total Earnings:
$651,113,909 Real Rate of Return per year Fx Site Specific:
Licensee:
$205,234,705 NRC Minimum:
$481,884,726 Total Step 2:
9 Years Left in License N/A Real Rate of Return per year Total of Steps 1 thru 3:
Number of Annual Payments:
Total Earnings:
Real Rate of Return per year Amount of NRC Minimum/Site Specific:
Step 3:
$47,518,132 Does Licensee Pass:
YES See Total Step 2
$698,632,041 Years remaining after annuity Value of Annuity per year (amount/See Annuity Sheet)
See Annuity Sheet Accumulation:
Step 2:
Bx Ex Lx ECI Base Lx Base Px 2010 Year:
Salem Nuclear Generating Station, Unit 2 Docket Number:
Date of Operation:
Latest Month Fx 50-311 18 31 Termination of Operations:
2040 1986$
Day Base Fx Plant name:
Px Latest Month Px
Datasheet 2 Signature: Shawn Harwell Date: 8/4/2011 Signature: Aaron L. Szabo Date: 8/16/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 4
2010 Year:
Salem Nuclear Generating Station, Unit 2 Docket Number:
Date of Operation:
50-311 18 31 Termination of Operations:
2040 Day Plant name:
3.00%
29.30 2.00%
See Annuity Sheet See Annuity Sheet 2.00%
7 Step 5:
Real Rate of Return Total Earnings:
$730,119,552 Earnings Credit:
Step 4:
Shortfall:
NO Real Rate of Return per year Years remaining after annuity YES If licensee is granted greater than 2% RRR Trust Fund Balance:
$230,825,000 PSEG Exelon Generation Co YES
$58,808,024 Total Step 5 Total of Steps 4 thru 6:
$849,846,251 Does Licensee Pass:
Total Earnings:
N/A 9
$791,038,228 See Annuity Sheet See Total Step 4 Decom Period:
Step 6:
YES Total Step 4 + Step 5 Total Earnings for Decom:
Decom Period:
$791,038,228 See Total Step 4 Does Licensee Pass:
Real Rate of Return per year Real Rate of Return per year Accumulation:
Value of Annuity per year
$133,670,000 Trust Fund Balance:
Years Left in
$60,918,676 Total Annuity:
Number of Annual Payments:
Total Annuity Does Licensee Pass:
Datasheet 2 Signature: Shawn Harwell Date: 8/4/2011 Signature: Aaron L. Szabo Date: 8/16/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 4
18 2040 Year Annuity:
2011
$3,195,000 2%
$5,707,554 2012
$3,195,000 2%
$5,595,641 2013
$3,195,000 2%
$5,485,922 2014
$3,195,000 2%
$5,378,355 2015
$3,195,000 2%
$5,272,897 2016
$3,195,000 2%
$5,169,507 2017
$3,195,000 2%
$5,068,144 2018
$3,195,000 2%
$4,968,769 2019
$3,195,000 2%
$4,871,342 Total:
$47,518,132 ANNUITY Total Accumulation Termination of Operations:
Real Rate of Return:
Datasheet 2 Signature: Shawn Harwell Date: 8/4/2011 Signature: Aaron L. Szabo Date: 8/16/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 4
18 2040 ANNUITY Termination of Operations:
Year Annuity:
2011
$3,195,000 3.00%
$7,596,136 2012
$3,195,000 3.00%
$7,374,890 2013
$3,195,000 3.00%
$7,160,087 2014
$3,195,000 3.00%
$6,951,541 2015
$3,195,000 3.00%
$6,749,069 2016
$3,195,000 3.00%
$6,552,494 2017
$3,195,000 3.00%
$6,361,645 2018
$3,195,000 3.00%
$6,176,354 2019
$3,195,000 3.00%
$5,996,460 Total:
$60,918,676 If licensee is granted greater than 2% RRR Real Rate of Return:
Total Accumulation