ML112371918
| ML112371918 | |
| Person / Time | |
|---|---|
| Site: | Susquehanna  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112371918 (5) | |
Text
Datasheet 1 Plant name: Susquehanna Steam Electric Station, Unit 2 Docket Number: 50-388 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $628,425,000 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:
PPL Susquehanna, LLC 90.00% 2 $325,566,473 Allegheny Electric Cooperative 10.00% 1 $23,812,636 Total Trust Fund Balance $349,379,109 3 Schedule of the annual amounts remaining to be collected: (provided/none) provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Allowed through Decom Return on Escalation Rate Other Verified Needed Verified through Determined of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 2.00% 2.00% N Y N 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) Y1 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Per PPL, the previous report credited collections and utilized inflation and earnings rates based on an order entered by the Pennsylvania PUC on 9/27/1995 at Docket No. R-00943271. The annual collections permitted under this order ceased at the end of 2009. In addition, the previous report provided an analysis crediting earnings through a SAFSTOR period, which is no longer necessary as the current funding is sufficient for immediate DECON.
Per AEC, they have all required contracts in place from the 14 cooperatives that fund the trust fund.
Signature: Michael Purdie and JoAnn Simpson Date: 06/24/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: Kosmas Lois 6/29/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Susquehanna Steam Electric Station, Unit 2 Docket Number: 50-388 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 3 23 2044 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx BWR 3952 $135,000,000 113.6 2.16 0.65 2.45 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.307 0.22 12.54 NRC Minimum: $628,251,763 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
PPL Susquehanna, LLC 90.00% 2 $565,426,587 $325,566,473 Allegheny Electric Cooperative 10.00% 1 $62,825,176 $23,812,636 Total Fund Balance: $349,379,109 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$349,379,109 2% 33.23 $674,627,666 YES Step 2:
Accumulation:
Value of Annuity per year (amount/See Real Rate of Return Number of Annual 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 $114,796,463 Total Step 1 + Step 2 Does Licensee Pass:
$789,424,128 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$789,424,128 2% 7 $58,688,027 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$848,112,155 YES NO Signature: Michael Purdie and JoAnn Simpson Date: 06/24/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: Kosmas Lois 6/29/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Susquehanna Steam Electric Station, Unit 2 Docket Number: 50-388 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 3 23 2044 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:
$349,379,109 2.00% 33.23 $674,627,666 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 $114,796,463 Total Step 4 + Step 5 Does Licensee Pass:
$789,424,128 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$789,424,128 2.00% 7 $58,688,027 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$848,112,155 YES NO Signature: Michael Purdie and JoAnn Simpson Date: 06/24/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: Kosmas Lois 6/29/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 3 23 2044 Real Rate Total Year Annuity: of Return: Accumulation 2011 $1,297,000 2% $2,504,499 2012 $1,348,880 2% $2,553,607 2013 $1,402,835 2% $2,603,678 2014 $1,458,949 2% $2,654,731 2015 $1,571,307 2% $2,803,118 2016 $1,577,999 2% $2,759,859 2017 $1,641,119 2% $2,813,973 2018 $1,706,764 2% $2,869,150 2019 $1,775,034 2% $2,925,407 2020 $1,846,035 2% $2,982,767 2021 $1,919,877 2% $3,041,254 2022 $1,996,672 2% $3,100,886 2023 $2,076,539 2% $3,161,688 2024 $2,159,600 2% $3,223,681 2025 $2,245,984 2% $3,286,890 2026 $2,335,824 2% $3,351,340 2027 $2,429,257 2% $3,417,053 2028 $2,526,427 2% $3,484,053 2029 $2,627,484 2% $3,552,368 2030 $2,732,583 2% $3,622,022 2031 $2,841,887 2% $3,693,043 2032 $2,955,562 2% $3,765,455 2033 $3,073,785 2% $3,839,288 2034 $3,196,736 2% $3,914,567 2035 $3,324,606 2% $3,991,324 2036 $3,457,590 2% $4,069,585 2037 $3,595,893 2% $4,149,380 2038 $3,739,729 2% $4,230,741 2039 $3,889,318 2% $4,313,697 2040 $4,044,891 2% $4,398,279 2041 $4,206,687 2% $4,484,520 2042 $4,374,954 2% $4,572,452 2043 $4,549,952 2% $4,662,107 2044 2% $0 Total: $114,796,463 Signature: Michael Purdie and JoAnn Simpson Date: 06/24/2011 Signature: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/29/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 3 23 2044 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $1,297,000 2.00% $2,504,499 2012 $1,348,880 2.00% $2,553,607 2013 $1,402,835 2.00% $2,603,678 2014 $1,458,949 2.00% $2,654,731 2015 $1,571,307 2.00% $2,803,118 2016 $1,577,999 2.00% $2,759,859 2017 $1,641,119 2.00% $2,813,973 2018 $1,706,764 2.00% $2,869,150 2019 $1,775,034 2.00% $2,925,407 2020 $1,846,035 2.00% $2,982,767 2021 $1,919,877 2.00% $3,041,254 2022 $1,996,672 2.00% $3,100,886 2023 $2,076,539 2.00% $3,161,688 2024 $2,159,600 2.00% $3,223,681 2025 $2,245,984 2.00% $3,286,890 2026 $2,335,824 2.00% $3,351,340 2027 $2,429,257 2.00% $3,417,053 2028 $2,526,427 2.00% $3,484,053 2029 $2,627,484 2.00% $3,552,368 2030 $2,732,583 2.00% $3,622,022 2031 $2,841,887 2.00% $3,693,043 2032 $2,955,562 2.00% $3,765,455 2033 $3,073,785 2.00% $3,839,288 2034 $3,196,736 2.00% $3,914,567 2035 $3,324,606 2.00% $3,991,324 2036 $3,457,590 2.00% $4,069,585 2037 $3,595,893 2.00% $4,149,380 2038 $3,739,729 2.00% $4,230,741 2039 $3,889,318 2.00% $4,313,697 2040 $4,044,891 2.00% $4,398,279 2041 $4,206,687 2.00% $4,484,520 2042 $4,374,954 2.00% $4,572,452 2043 $4,549,952 2.00% $4,662,107 2044 $0 2.00% $0 Total: $114,796,463 Signature: Michael Purdie and JoAnn Simpson Date: 06/24/2011 Signature: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/29/2011 Formulas verified by: Clayton Pittiglio