ML112371902
| ML112371902 | |
| Person / Time | |
|---|---|
| Site: | San Onofre  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112371902 (5) | |
Text
Datasheet 1 Plant name: San Onofre Nuclear Generating Station, Unit 3 Docket Number: 50-362 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $470,900,000 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:
Southern California Edison 76.35% 1 $1,223,800,000 San Diego Gas & Electric 20.00% 1 $331,600,000 City of Anaheim 1.86% 1 $61,600,000 City of Riverside 1.79% 1 $34,200,000 Total Trust Fund Balance $1,651,200,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) Provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Allowed through Decom Return on Escalation Rate1 Other Verified Needed Verified through Determined of Return (Y/N)
Earnings1 Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 4.38% 2.78% 1.60% N N Y Y N N 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Used composite escalation and rate of return on earnings to calculate real rate of return.
Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Secondary Review:
Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell 7/8/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: San Onofre Nuclear Generating Station, Unit 3 Docket Number: 50-362 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 11 15 2022 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3438 $105,000,000 112.5 2.06 0.65 2.32 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28 NRC Minimum: $472,584,981 Site Specific: $1,136,100,000 Licensee: % Owned: Category Amount of NRC Minimum/Site Specific: Amount in Trust Fund:
Southern California Edison 76.35% 1 $867,412,350 $1,223,800,000 San Diego Gas & Electric 20.00% 1 $227,220,000 $331,600,000 City of Anaheim 1.86% 1 $21,131,460 $61,600,000 City of Riverside 1.79% 1 $20,336,190 $34,200,000 Total Fund Balance: $1,651,200,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$1,651,200,000 2% 11.87 $2,088,853,905 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 2 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 $20,043,027 Total Step 1 + Step 2 Does Licensee Pass:
$2,108,896,932 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$2,108,896,932 2% 7 $156,781,374 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$2,265,678,306 YES NO Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Secondary Review:
Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell 7/8/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: San Onofre Nuclear Generating Station, Unit 3 Docket Number: 50-362 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 11 15 2022 If licensee is granted greater than 2% RRR Step 4:
Earnings Credit:
Real Rate Years Licensee Trust Fund Balance: of Return Left in Total Earnings: Does Licensee Pass:
Southern California Edison $1,223,800,000 2.00% 11.87 $1,548,170,669 YES San Diego Gas & Electric $331,600,000 2.00% 11.87 $419,491,252 City of Anaheim $61,600,000 2.00% 11.87 $77,927,205 City of Riverside $34,200,000 2.00% 11.87 $43,264,779 Total Earnings: $2,088,853,905 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 2 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 $20,043,027 Total Step 4 + Step 5 Does Licensee Pass:
$2,108,896,932 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$2,108,896,932 2.00% 7 $156,781,374 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$2,265,678,306 YES NO Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Secondary Review:
Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell 7/8/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 11 15 2022 Real Rate Year Annuity: of Return: Total Accumulation 2011 $8,000,000 2% $10,120,737 2012 $8,000,000 2% $9,922,291 Total: $20,043,027 Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Secondary Review:
Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell 7/8/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 11 15 2022 If licensee is granted greater than 2% RRR Real Rate Year Annuity: of Return: Total Accumulation 2011 $8,000,000 2.00% $10,120,737 2012 $8,000,000 2.00% $9,922,291 Total: $20,043,027 Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Secondary Review:
Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell 7/8/2011 Formulas verified by: Clayton Pittiglio