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 Signature: _Shawn Harwell Date: 7/13/2011 Secondary Signature: Jo Ann Simpson Date: 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:
Category:
44.00%
1 40.00%
1 16.00%
1 3
4 Variable1 Variable1 Variable1 N
N Y
Y Y
N2 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 N
1 Rates provided are considered variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission.
Y 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.
$132,346,137 The total amount of dollars accumulated at the end of the appropriate year: (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
$310,437,076 Real Rate of Return PUC Verified (Y/N)
CPSB of SA 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.
Allowed through Decom (Y/N)
City of Austin
$49,778,721 Total Trust Fund Balance Post-RAI Rates Determined (Y/N)
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)
Y4 Y3 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)
RAI Needed (Y/N)
PUC Verified (Y/N)
$128,312,218 provided Did the licensee identify the amount of estimated radiological funds? (Y/N)
Escalation Rate Amount in Trust Fund:
NRG South Texas Licensee:
Plant name:
South Texas Project, Unit 1 50-498 Docket Number:
The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):
$466,924,483
Datasheet 2 Signature: _Shawn Harwell Date: 7/13/2011 Secondary Signature: Jo Ann Simpson Date: 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 8
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
% Owned:
Category 44.00%
1 40.00%
1 16.00%
1 2%
16.64 See Annuity Sheet See Annuity Sheet 2%
7
$565,599,946 NO Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
YES Total of Steps 1 thru 3:
See Annuity Sheet Number of Annual Payments:
Accumulation:
Step 2:
Earnings Credit:
$310,437,076 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$310,437,076 Total Step 1 + Step 2
$526,461,320
$39,138,626 Total Earnings for Decom:
Decom Period:
Total Earnings:
Real Rate of Return per year Latest Month Px Amount of NRC Minimum/Site Specific:
BWR/PWR MWth NRG South Texas CPSB of SA City of Austin
$74,695,662
$186,739,154 Total Annuity:
Step 3:
$128,312,218
$132,346,137 Amount in Trust Fund:
$94,891,967 Total Earnings:
$431,569,353 Real Rate of Return per year Fx Site Specific:
Total Step 2:
Years Left in License N/A Real Rate of Return per year Does Licensee Pass:
NO
$49,778,721 See Total Step 2
$526,461,320 Years remaining after annuity Px 50-498 20 31 Termination of Operations:
2027 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$205,413,070 NRC Minimum:
$466,847,886 Trust Fund Balance:
Step 1:
Bx Ex Lx ECI Base Lx Base Px 2010 Year:
South Texas Project, Unit 1 Docket Number:
Date of Operation:
Latest Month Fx
Datasheet 2 Signature: _Shawn Harwell Date: 7/13/2011 Secondary Signature: Jo Ann Simpson Date: 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 8
50-498 20 31 Termination of Operations:
2027 Day Plant name:
2010 Year:
South Texas Project, Unit 1 Docket Number:
Date of Operation:
2.00%
16.64 See Annuity Sheet See Annuity Sheet 2.00%
7 Real Rate of Return per year Accumulation:
Value of Annuity per year
$310,437,076 Total Annuity:
Number of Annual Payments:
Step 5:
Real Rate of Return per year Total Earnings:
$431,569,353 NO If licensee is granted greater than 2% RRR YES
$39,138,626 Total Step 5 Total of Steps 4 thru 6:
$565,599,946 Does Licensee Pass:
Total Earnings:
N/A 0
$526,461,320 See Annuity Sheet See Total Step 4 Decom Period:
Step 6:
$526,461,320 See Total Step 4 Does Licensee Pass:
Real Rate of Return per year YES Total Step 4 + Step 5 Total Earnings for Decom:
Decom Period:
Total Annuity Does Licensee Pass:
Trust Fund Balance:
Years Left in License Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$94,891,967 Earnings Credit:
Step 4:
Datasheet 2 Signature: _Shawn Harwell Date: 7/13/2011 Secondary Signature: Jo Ann Simpson Date: 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 8
20 2027 Year Annuity:
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 ANNUITY Total Accumulation Termination of Operations:
Real Rate of Return:
Datasheet 2 Signature: _Shawn Harwell Date: 7/13/2011 Secondary Signature: Jo Ann Simpson Date: 7/26/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 8
20 2027 ANNUITY Termination of Operations:
Year Annuity:
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 If licensee is granted greater than 2% RRR Real Rate of Return:
Total Accumulation