ML112371908
| ML112371908 | |
| Person / Time | |
|---|---|
| Site: | South Texas  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112371908 (5) | |
Text
Datasheet 1 Plant name: South Texas Project, Unit 1 Docket Number: 50-498 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $466,924,483 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:
NRG South Texas 44.00% 1 $132,346,137 CPSB of SA 40.00% 1 $128,312,218 City of Austin 16.00% 1 $49,778,721 Total Trust Fund Balance $310,437,076 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) 1 2 Variable1 Variable 1
Variable N N Y Y Y N 3
5 Any contracts upon which the licensee is relying? (Y/N) Y 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) Y4 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 considered variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission.
2 Year-to-year rates cannot be determined from the submitted information.
3 For NRG South Texas LP - The PUCT approved the Decommissioning Funds Collections Agreement by and between AEP Texas Central Company (TCC) and NRG South Texas LP in which TCC collects the non-bypassable charges and deposits them directly into trust. No additional review required.
4 For CPSB of SA - The Master Trust Agreement was revised effective Jan 1, 2011, in accordance with a PUCT order authorizing transfer of funds from Unit 1 to a spent fuel subaccount to be used only for fuel-related costs incurred after shutdown commences. Additionally, the Mater Trust Agreement was revised to allow for creation of a pre-shutdown decommissioing cost subaccount to fund large component replacement and disposal costs. No additional review required.
Signature: _Shawn Harwell Date: 7/13/2011 Secondary Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/26/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: South Texas Project, Unit 1 Docket Number: 50-498 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 8 20 2027 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3853 $105,000,000 112.8 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: $466,847,886 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
NRG South Texas 44.00% 1 $205,413,070 $132,346,137 CPSB of SA 40.00% 1 $186,739,154 $128,312,218 City of Austin 16.00% 1 $74,695,662 $49,778,721 Total Fund Balance: $310,437,076 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$310,437,076 2% 16.64 $431,569,353 NO Step 2:
Accumulation:
Value of Annuity per year (amount/See Annuity Real Rate of Return Number of Annual 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 $94,891,967 Total Step 1 + Step 2 Does Licensee Pass:
$526,461,320 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$526,461,320 2% 7 $39,138,626 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$565,599,946 YES NO Signature: _Shawn Harwell Date: 7/13/2011 Secondary Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/26/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: South Texas Project, Unit 1 Docket Number: 50-498 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 8 20 2027 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:
$310,437,076 2.00% 16.64 $431,569,353 NO 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 $94,891,967 Total Step 4 + Step 5 Does Licensee Pass:
$526,461,320 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$526,461,320 2.00% 7 $39,138,626 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$565,599,946 YES NO Signature: _Shawn Harwell Date: 7/13/2011 Secondary Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/26/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 8 20 2027 Real Rate Total Year Annuity: of Return: Accumulation 2011 $4,682,194 2% $6,509,388 2012 $4,682,194 2% $6,381,753 2013 $4,682,194 2% $6,256,621 2014 $4,682,194 2% $6,133,942 2015 $4,682,194 2% $6,013,668 2016 $4,682,194 2% $5,895,753 2017 $4,682,194 2% $5,780,150 2018 $4,682,194 2% $5,666,814 2019 $4,682,194 2% $5,555,700 2020 $4,682,194 2% $5,446,765 2021 $4,682,194 2% $5,339,965 2022 $4,682,194 2% $5,235,260 2023 $4,682,194 2% $5,132,608 2024 $4,682,194 2% $5,031,969 2025 $4,682,194 2% $4,933,303 2026 $4,682,194 2% $4,836,571 2027 $4,682,194 2% $4,741,736 Total: $94,891,967 Signature: _Shawn Harwell Date: 7/13/2011 Secondary Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/26/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 8 20 2027 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $4,682,194 2.00% $6,509,388 2012 $4,682,194 2.00% $6,381,753 2013 $4,682,194 2.00% $6,256,621 2014 $4,682,194 2.00% $6,133,942 2015 $4,682,194 2.00% $6,013,668 2016 $4,682,194 2.00% $5,895,753 2017 $4,682,194 2.00% $5,780,150 2018 $4,682,194 2.00% $5,666,814 2019 $4,682,194 2.00% $5,555,700 2020 $4,682,194 2.00% $5,446,765 2021 $4,682,194 2.00% $5,339,965 2022 $4,682,194 2.00% $5,235,260 2023 $4,682,194 2.00% $5,132,608 2024 $4,682,194 2.00% $5,031,969 2025 $4,682,194 2.00% $4,933,303 2026 $4,682,194 2.00% $4,836,571 2027 $4,682,194 2.00% $4,741,736 Total: $94,891,967 Signature: _Shawn Harwell Date: 7/13/2011 Secondary Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/26/2011 Formulas verified by: Clayton Pittiglio