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 Signature: Michael Purdie and JoAnn Simpson Date: 06/24/2011 Secondary Review: Kosmas Lois 6/29/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned: Category:
90.00%
2 10.00%
1 3
4 2.00%
2.00%
N Y
N 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 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.
Plant name:
Susquehanna Steam Electric Station, Unit 2 Rates Determined (Y/N)
Rate(s) of Other Factors
$349,379,109 50-388 RAI Needed (Y/N)
PUC Verified (Y/N)
$23,812,636 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 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)
Amount in Trust Fund:
Allegheny Electric Cooperative PPL Susquehanna, LLC Y
$628,425,000 The total amount of dollars accumulated at the end of the appropriate year: (see below)
N 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)
Schedule of the annual amounts remaining to be collected: (provided/none)
Rate of Return on Earnings Allowed through Decom (Y/N)
Real Rate of Return PUC Verified (Y/N)
Allowed through Decom (Y/N)
Licensee:
$325,566,473 N
Any material changes to trust agreements? (Y/N)
Y1 Post-RAI Total Trust Fund Balance
Datasheet 2 Signature: Michael Purdie and JoAnn Simpson Date: 06/24/2011 Secondary Review: Kosmas Lois 6/29/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 3
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
% Owned:
Category 90.00%
2 10.00%
1 2%
33.23 See Annuity Sheet See Annuity Sheet 2%
7
$848,112,155 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:
$349,379,109 Decom Period:
See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:
$349,379,109 Total Step 1 + Step 2
$789,424,128
$58,688,027 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 PPL Susquehanna, LLC Allegheny Electric Cooperative
$62,825,176 Total Annuity:
Step 3:
$23,812,636
$325,566,473 Amount in Trust Fund:
$114,796,463 Total Earnings:
$674,627,666 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:
YES See Total Step 2
$789,424,128 Years remaining after annuity Px 50-388 23 31 Termination of Operations:
2044 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$565,426,587 NRC Minimum:
$628,251,763 Trust Fund Balance:
Step 1:
Bx Ex Lx ECI Base Lx Base Px 2010 Year:
Susquehanna Steam Electric Station, Unit 2 Docket Number:
Date of Operation:
Latest Month Fx
Datasheet 2 Signature: Michael Purdie and JoAnn Simpson Date: 06/24/2011 Secondary Review: Kosmas Lois 6/29/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 3
50-388 23 31 Termination of Operations:
2044 Day Plant name:
2010 Year:
Susquehanna Steam Electric Station, Unit 2 Docket Number:
Date of Operation:
2.00%
33.23 See Annuity Sheet See Annuity Sheet 2.00%
7 Real Rate of Return per year Accumulation:
Value of Annuity per year
$349,379,109 Total Annuity:
Number of Annual Payments:
Step 5:
Real Rate of Return per year Total Earnings:
$674,627,666 YES If licensee is granted greater than 2% RRR YES
$58,688,027 Total Step 5 Total of Steps 4 thru 6:
$848,112,155 Does Licensee Pass:
Total Earnings:
N/A 0
$789,424,128 see annuity sheet See Total Step 4 Decom Period:
Step 6:
$789,424,128 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
$114,796,463 Earnings Credit:
Step 4:
Datasheet 2 Signature: Michael Purdie and JoAnn Simpson Date: 06/24/2011 Signature: Kosmas Lois Date: 6/29/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 3
23 2044 Year Annuity:
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 ANNUITY Total Accumulation Termination of Operations:
Real Rate of Return:
Datasheet 2 Signature: Michael Purdie and JoAnn Simpson Date: 06/24/2011 Signature: Kosmas Lois Date: 6/29/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 3
23 2044 ANNUITY Termination of Operations:
Year Annuity:
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 If licensee is granted greater than 2% RRR Real Rate of Return:
Total Accumulation