ML112371917
| ML112371917 | |
| Person / Time | |
|---|---|
| Site: | Surry  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112371917 (5) | |
Text
Datasheet 1 Plant name: Surry Power Station, Unit 1 Docket Number: 50-280 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $434,800,000 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:
Virginia Electric and Power 100.00% 1 $269,900,000 Company Total Trust Fund Balance $269,900,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) Provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Allowed through Decom Return on Escalation Rate Other Verified Needed Verified through Determined of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 2.00% N Y N N Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below)
Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Surry Power Station, Unit 1 Docket Number: 50-280 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 5 25 2032 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 2587 $97,765,600 112.8 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: $434,682,511 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Virginia Electric and Power 100.00% 1 $434,682,511 $269,900,000 Company Total Fund Balance: $269,900,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$269,900,000 2% 21.40 $412,333,408 NO Step 2:
Accumulation:
Value of Annuity per year Real Rate of Return Number of Annual (amount/See 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 $11,936,907 Total Step 1 + Step 2 Does Licensee Pass:
$424,270,315 NO Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$424,270,315 2% 7 $31,541,458 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$455,811,772 YES NO Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Surry Power Station, Unit 1 Docket Number: 50-280 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 5 25 2032 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:
$269,900,000 2.00% 21.40 $412,333,408 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 22 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 $11,936,907 Total Step 4 + Step 5 Does Licensee Pass:
$424,270,315 NO Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$424,270,315 2.00% 7 $31,541,458 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$455,811,772 YES NO Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 5 25 2032 Real Rate Total Year Annuity: of Return: Accumulation 2011 $433,800 2% $662,749 2012 $433,800 2% $649,754 2013 $433,800 2% $637,013 2014 $433,800 2% $624,523 2015 $433,800 2% $612,277 2016 $433,800 2% $600,272 2017 $433,800 2% $588,502 2018 $433,800 2% $576,963 2019 $433,800 2% $565,650 2020 $433,800 2% $554,559 2021 $433,800 2% $543,685 2022 $433,800 2% $533,024 2023 $433,800 2% $522,573 2024 $433,800 2% $512,326 2025 $433,800 2% $502,281 2026 $433,800 2% $492,432 2027 $433,800 2% $482,777 2028 $433,800 2% $473,310 2029 $433,800 2% $464,030 2030 $433,800 2% $454,931 2031 $433,800 2% $446,011 2032 $433,800 2% $437,266 Total: $11,936,907 Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 5 25 2032 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $433,800 2.00% $662,749 2012 $433,800 2.00% $649,754 2013 $433,800 2.00% $637,013 2014 $433,800 2.00% $624,523 2015 $433,800 2.00% $612,277 2016 $433,800 2.00% $600,272 2017 $433,800 2.00% $588,502 2018 $433,800 2.00% $576,963 2019 $433,800 2.00% $565,650 2020 $433,800 2.00% $554,559 2021 $433,800 2.00% $543,685 2022 $433,800 2.00% $533,024 2023 $433,800 2.00% $522,573 2024 $433,800 2.00% $512,326 2025 $433,800 2.00% $502,281 2026 $433,800 2.00% $492,432 2027 $433,800 2.00% $482,777 2028 $433,800 2.00% $473,310 2029 $433,800 2.00% $464,030 2030 $433,800 2.00% $454,931 2031 $433,800 2.00% $446,011 2032 $433,800 2.00% $437,266 Total: $11,936,907 Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011 Formulas verified by: Clayton Pittiglio