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 Plant name: Salem Nuclear Generating Station, Unit 2 Docket Number: 50-311 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):1 $484,136,000 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:
Exelon Generation 42.59% 1 $133,670,000 Company, LLC PSEG 57.41% 1 $230,825,000 Total Trust Fund Balance $364,495,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 2 2 variable variable N N Y Y N Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) Y3 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Licensee calculated MFA higher than NRC calculations. Justification, including factors used, were provided to NRC for review. No further review required.
2 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 3
EGC- financial assurance provided by external sinking fund method coupled with an external trust fund; PSEG - prepayment method. No further review required.
Signature: Shawn Harwell Date: 8/3/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/16/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Salem Nuclear Generating Station, Unit 2 Docket Number: 50-311 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 4 18 2040 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx 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 NRC Minimum: $481,884,726 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Exelon Generation Company, LLC 42.59% 1 $205,234,705 $133,670,000 PSEG 57.41% 1 $276,650,021 $230,825,000 Total Fund Balance: $364,495,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$364,495,000 2% 29.30 $651,113,909 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 9 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 $47,518,132 Total Step 1 + Step 2 Does Licensee Pass:
$698,632,041 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$698,632,041 2% 7 $51,938,286 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$750,570,327 YES NO Signature: Shawn Harwell Date: 8/4/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/16/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Salem Nuclear Generating Station, Unit 2 Docket Number: 50-311 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 4 18 2040 If licensee is granted greater than 2% RRR Step 4:
Earnings Credit:
Real Rate Years Trust Fund Balance: Trust Fund Balance: of Return Left in Total Earnings: Does Licensee Pass:
Exelon Generation Co $133,670,000 3.00% 29.30 $730,119,552 YES PSEG $230,825,000 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 9 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 $60,918,676 Total Step 4 + Step 5 Does Licensee Pass:
$791,038,228 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$791,038,228 2.00% 7 $58,808,024 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$849,846,251 YES NO Signature: Shawn Harwell Date: 8/4/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/16/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 4 18 2040 Real Rate Total Year Annuity: of Return: Accumulation 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 Signature: Shawn Harwell Date: 8/4/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/16/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 4 18 2040 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 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 Signature: Shawn Harwell Date: 8/4/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/16/2011 Formulas verified by: Clayton Pittiglio