ML112371909
| ML112371909 | |
| 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: ML112371909 (5) | |
Text
Datasheet 1 Plant name: South Texas Project, Unit 2 Docket Number: 50-499 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 $169,479,678 CPSB of SA 40.00% 1 $149,639,608 City of Austin 16.00% 1 $59,107,377 Total Trust Fund Balance $378,226,663 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)
Variable1 Variable 1
Variable 1
N Y Y Y N2 5 Any contracts upon which the licensee is relying? (Y/N) Y3 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 submitted information.
3 For NRG South Texas LP - The PUCT approved the Decommissioning Funds Collection Agreement by and between AEP Texas Central Company (TCC) and NRG South Texas LP in which TCC collects 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 2 to a spent fuel subaccount to be used only for fuel-related costs incurred after shutdown commences. Additionally, the Master Trust Agreement was revised to allow for creation of a pre-shutdown decommissioning 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 2 Docket Number: 50-499 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 12 15 2028 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 $169,479,678 CPSB of SA 40.00% 1 $186,739,154 $149,639,608 City of Austin 16.00% 1 $74,695,662 $59,107,377 Total Fund Balance: $378,226,663 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$378,226,663 2% 17.96 $539,732,089 YES 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 $52,348,792 Total Step 1 + Step 2 Does Licensee Pass:
$592,080,881 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$592,080,881 2% 7 $44,016,971 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$636,097,851 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 2 Docket Number: 50-499 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 12 15 2028 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:
$378,226,663 2.00% 17.96 $539,732,089 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 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 $52,348,792 Total Step 4 + Step 5 Does Licensee Pass:
$592,080,881 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$592,080,881 2.00% 7 $44,016,971 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$636,097,851 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: 12 15 2028 Real Rate Total Year Annuity: of Return: Accumulation 2011 $2,398,867 2% $3,423,308 2012 $2,398,867 2% $3,356,185 2013 $2,398,867 2% $3,290,377 2014 $2,398,867 2% $3,225,860 2015 $2,398,867 2% $3,162,608 2016 $2,398,867 2% $3,100,596 2017 $2,398,867 2% $3,039,800 2018 $2,398,867 2% $2,980,196 2019 $2,398,867 2% $2,921,761 2020 $2,398,867 2% $2,864,471 2021 $2,398,867 2% $2,808,305 2022 $2,398,867 2% $2,753,240 2023 $2,398,867 2% $2,699,255 2024 $2,398,867 2% $2,646,329 2025 $2,398,867 2% $2,594,440 2026 $2,398,867 2% $2,543,568 2027 $2,398,867 2% $2,493,695 2028 $2,398,867 2% $2,444,799 Total: $52,348,792 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: 12 15 2028 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