ML112371904
| ML112371904 | |
| Person / Time | |
|---|---|
| Site: | Seabrook  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112371904 (5) | |
Text
Datasheet 1 Plant name: Seabrook Nuclear Power Station Docket Number: 50-443 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $482,023,500 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:
NextEra Energy Seabrook, LLC 88.23% 2 $366,725,239 Hudson Light and Power Dept. 0.08% 1 $366,858 Massachusetts Municipal Wholesale 11.59% 1 $35,589,403 Electric Company Taunton Municipal Lighting Plant 0.10% 1 $478,741 Total Trust Fund Balance $403,160,241 3 Schedule of the annual amounts remaining to be collected: (provided/none) Provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Return on Escalation Rate Other Verified Allowed through Decom (Y/N) Needed Verified through Determined of Return Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) variable1 variable1 variable1 Y N Y Y N N 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N2 If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 2
Name change on qualified and non-qualified trusts from FPL Seabrook LLC to NextEra Energy Seabrook, LLC. The trustee was changed from "Mellon Trust of Delaware, National Association" to "BNY Mellon Trust of Delaware" Signature: Jo Ann Simpson, Aaron Szabo Date: 6/14/2011 Secondary Review: Michael Purdie Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/15/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Seabrook Nuclear Power Station Docket Number: 50-443 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 3 15 2030 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3648 $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:
NextEra Energy Seabrook, LLC 88.23% 2 $425,161,545 $366,725,239 Hudson Light and Power Dept. 0.08% 1 $372,834 $366,858 Massachusetts Municipal Wholesale 11.59% 1 $55,866,824 $35,589,403 Electric Company Taunton Municipal Lighting Plant 0.10% 1 $483,523 $478,741 Total Fund Balance: $403,160,241 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$403,160,241 2% 19.21 $589,731,069 YES Step 2:
Accumulation:
Value of Annuity per year (amount/See Real Rate of Return Number of Annual 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 $141,390,957 Total Step 1 + Step 2 Does Licensee Pass:
$731,122,026 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$731,122,026 2% 7 $54,353,683 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$785,475,709 YES NO Signature: Jo Ann Simpson, Aaron Szabo Date: 6/14/2011 Secondary Review: Michael Purdie Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/15/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Seabrook Nuclear Power Station Docket Number: 50-443 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 3 15 2030 If licensee is granted greater than 2% RRR Step 4:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$403,160,241 2.00% 19.21 $589,731,069 YES 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 5 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5 See Total Step 5 See Annuity Sheet N/A $141,390,957 Total Step 4 + Step 5 Does Licensee Pass:
$731,122,026 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$731,122,026 2.00% 7 $54,353,683 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$785,475,709 YES NO Signature: Jo Ann Simpson, Aaron Szabo Date: 6/14/2011 Secondary Review: Michael Purdie Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/15/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 3 15 2030 Real Rate Total Year Annuity: of Return: Accumulation 2011 $0 2% $0 2012 $0 2% $0 2013 $35,858,227 2% $50,417,177 2014 $3,787,001 2% $5,220,174 2015 $3,900,611 2% $5,271,352 2016 $4,017,630 2% $5,323,033 2017 $4,138,159 2% $5,375,219 2018 $4,262,303 2% $5,427,917 2019 $4,390,173 2% $5,481,133 2020 $4,523,878 2% $5,537,317 2021 $4,657,534 2% $5,589,132 2022 $4,797,260 2% $5,643,927 2023 $4,941,178 2% $5,699,260 2024 $5,089,413 2% $5,755,135 2025 $5,242,098 2% $5,811,561 2026 $5,399,358 2% $5,868,534 2027 $5,561,339 2% $5,926,069 2028 $5,728,179 2% $5,984,167 2029 $5,900,025 2% $6,042,836 2030 $1,012,838 2% $1,017,014 Total: $141,390,957 Signature: Jo Ann Simpson, Aaron Szabo Date: 6/14/2011 Secondary Review: Michael Purdie Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/15/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 3 15 2030 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $0 2.00% $0 2012 $0 2.00% $0 2013 $35,858,227 2.00% $50,417,177 2014 $3,787,001 2.00% $5,220,174 2015 $3,900,611 2.00% $5,271,352 2016 $4,017,630 2.00% $5,323,033 2017 $4,138,159 2.00% $5,375,219 2018 $4,262,303 2.00% $5,427,917 2019 $4,390,173 2.00% $5,481,133 2020 $4,523,878 2.00% $5,537,317 2021 $4,657,534 2.00% $5,589,132 2022 $4,797,260 2.00% $5,643,927 2023 $4,941,178 2.00% $5,699,260 2024 $5,089,413 2.00% $5,755,135 2025 $5,242,098 2.00% $5,811,561 2026 $5,399,358 2.00% $5,868,534 2027 $5,561,339 2.00% $5,926,069 2028 $5,728,179 2.00% $5,984,167 2029 $5,900,025 2.00% $6,042,836 2030 $1,012,838 2.00% $1,017,014 Total: $141,390,957 Signature: Jo Ann Simpson, Aaron Szabo Date: 6/14/2011 Secondary Review: Michael Purdie Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/15/2011 Formulas verified by: Clayton Pittiglio