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 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
Y Y
Y N2 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Y4 Any material changes to trust agreements? (Y/N)
N Post-RAI Rates Determined (Y/N)
Schedule of the annual amounts remaining to be collected: (provided/none)
Rate of Return on Earnings 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)
Any contracts upon which the licensee is relying? (Y/N)
NRG South Texas Licensee:
$169,479,678 Amount in Trust Fund:
$59,107,377 Allowed through Decom (Y/N)
Y 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.
CPSB of SA 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)
City of Austin 2 Year-to-Year rates cannot be determined from submitted information.
1 Rates provided are considered variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission.
$378,226,663 Real Rate of Return PUC Verified (Y/N)
Total Trust Fund Balance Y3
$466,924,483 The total amount of dollars accumulated at the end of the appropriate year: (see below)
Allowed through Decom (Y/N)
Rate(s) of Other Factors Plant name:
South Texas Project, Unit 2 50-499 RAI Needed (Y/N)
PUC Verified (Y/N)
$149,639,608 provided Docket Number:
Did the licensee identify the amount of estimated radiological funds? (Y/N)
The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):
Escalation Rate
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 12 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%
17.96 See Annuity Sheet See Annuity Sheet 2%
7 Bx Ex Lx ECI Base Lx Base Px 2010 Year:
South Texas Project, Unit 2 Docket Number:
Date of Operation:
Latest Month Fx
$592,080,881 Years remaining after annuity Px 50-499 15 31 Termination of Operations:
2028 1986$
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:
Fx Site Specific:
Total Step 2:
Years Left in License N/A Real Rate of Return per year Does Licensee Pass:
YES
$59,107,377 See Total Step 2
$44,016,971 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:
$149,639,608
$169,479,678 Amount in Trust Fund:
$52,348,792 Total Earnings:
$539,732,089 Real Rate of Return per year Total of Steps 1 thru 3:
See Annuity Sheet Number of Annual Payments:
Accumulation:
Step 2:
Earnings Credit:
$378,226,663 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$378,226,663 Total Step 1 + Step 2
$592,080,881 NO Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
YES
$636,097,851
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 12 2010 Year:
South Texas Project, Unit 2 Docket Number:
Date of Operation:
50-499 15 31 Termination of Operations:
2028 Day Plant name:
2.00%
17.96 See Annuity Sheet See Annuity Sheet 2.00%
7 Earnings Credit:
Step 4:
Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$52,348,792 Total Annuity Does Licensee Pass:
Trust Fund Balance:
Years Left in License YES
$44,016,971 Total Step 5 Total of Steps 4 thru 6:
$636,097,851 Does Licensee Pass:
Total Earnings:
N/A 0
$592,080,881 See Annuity Sheet See Total Step 4 Decom Period:
Step 6:
$592,080,881 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:
Real Rate of Return per year Accumulation:
Value of Annuity per year
$378,226,663 Total Annuity:
Number of Annual Payments:
Step 5:
Real Rate of Return per year Total Earnings:
$539,732,089 YES If licensee is granted greater than 2% RRR
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 12 15 2028 Year Annuity:
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 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 12 15 2028 ANNUITY Termination of Operations: