ML112380018
| ML112380018 | |
| Person / Time | |
|---|---|
| Site: | Vogtle  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112380018 (3) | |
Text
Datasheet 1 Signature: Michael Purdie, Jo Ann Simpson Date: 07/18/2011 Secondary Review: Kosmas Lois, 8/5/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio 1
2
% Owned:
Category:
45.70%
1 30.00%
1 22.70%
1 1.60%
1 3
4 variable1 variable1 variable1 N
N Y
N N
N2 5
6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 2 Rates for Oglethorpe could not be determined based upon submitted information.
3 Municipal Electric Authority is relying upon a PPA, which was included in Attachments 2 & 3 of the DFS report.
4 Oglethorpe Power Corporation executed a revised Trust Agreement in August 2010, which was provided to the NRC in March 2010 (ML101090080).
Licensee:
$104,335,000 Amount in Trust Fund:
Y4 Any material changes to trust agreements? (Y/N)
N
$8,705,177 Post-RAI Rates Determined (Y/N)
Oglethorpe Power Corporation 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission (See "Notes" for additional comments).
Y
$459,684,000 The total amount of dollars accumulated at the end of the appropriate year: (see below)
Y3 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)
Rate(s) of Other Factors
$247,978,417 Real Rate of Return PUC Verified (Y/N)
$81,287,554 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)
Plant name:
Vogtle (Alvin W.) Nuclear Plant, Unit 1 50-424 Docket Number:
The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):
RAI Neede d
(Y/N)
PUC Verified (Y/N)
$53,650,686 None Did the licensee identify the amount of estimated radiological funds? (Y/N)
Escalation Rate Allowed through Decom (Y/N)
Municipal Electric Authority Dalton Utilities Total Trust Fund Balance Georgia Power Company
Datasheet 2 Signature: Michael Purdie, Jo Ann Simpson Date: 07/18/2011 Secondary Review: Kosmas Lois, 8/5/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 1
PWR 3625
$105,000,000 112.8 1.98 0.65 2.23 1.675 191.3 114.2 3.074 252.1 82.0 0.13 2.263 0.22 12.28
% Owned:
Category 45.70%
1 30.00%
1 22.70%
1 1.60%
1 2%
36.04 2%
2%
2%
7 Bx Ex Lx ECI Base Lx Base Px 2010 Year:
Vogtle (Alvin W.) Nuclear Plant, Unit 1 Docket Number:
Date of Operation:
Latest Month Fx
$506,271,309 Years remaining after annuity Px 50-424 16 31 Termination of Operations:
2047 1986$
Day Base Fx Plant name:
Value of Annuity per year (amount/See Annuity Sheet)
Licensee:
$213,413,413 NRC Minimum:
$466,987,774 Dalton Utilities Trust Fund Balance:
Step 1:
Fx Site Specific:
Total Step 2:
$7,471,804 Years Left in License 36.04
$8,705,177 Real Rate of Return per year Does Licensee Pass:
YES
$81,287,554
$0
$37,637,644 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 Georgia Power Company Oglethorpe Power Corporation Municipal Electric Authority
$106,006,225
$140,096,332 Total Annuity:
Step 3:
$53,650,686
$104,335,000 Amount in Trust Fund:
$0 Total Earnings:
$506,271,309 Real Rate of Return per year Total of Steps 1 thru 3:
Number of Annual Payments:
Accumulation:
Step 2:
Earnings Credit:
$247,978,417 Decom Period:
$0 Total Annuity Real Rate of Return per year Total Fund Balance:
$247,978,417 Total Step 1 + Step 2
$506,271,309 NO Shortfall:
YES Does Licensee Pass:
Does Licensee Pass:
YES
$543,908,953
Datasheet 2 Signature: Michael Purdie, Jo Ann Simpson Date: 07/18/2011 Secondary Review: Kosmas Lois, 8/5/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio Month:
12 1
2010 Year:
Vogtle (Alvin W.) Nuclear Plant, Unit 1 Docket Number:
Date of Operation:
50-424 16 31 Termination of Operations:
2047 Day Plant name:
Owner Georgia Power Company 2.00%
36.04 Oglethorpe Power Corporation 2.00%
Municipal Electric Authority 2.00%
Dalton Utilities 2.00%
0.00%
0.00%
2.00%
7 Earnings Credit:
Step 4:
Shortfall:
NO Real Rate of Return per year Years remaining after annuity
$0 Total Annuity Real Rate of Return Real Rate of Return per year Accumulation:
YES
$37,637,644 Total Step 5 Total of Steps 4 thru 6:
$543,908,953 Does Licensee Pass:
Total Earnings:
36.04 0
$506,271,309
$0
$0 Decom Period:
Step 6:
$506,271,309
- DIV/0!
Does Licensee Pass:
Real Rate of Return per year YES Total Step 4 + Step 5 Total Earnings for Decom:
Decom Period:
Value of Annuity per year Total Annuity:
Number of Annual Payments:
Step 5:
If licensee is granted greater than 2% RRR
$104,335,000
$506,271,309 YES
$53,650,686
$81,287,554 Years Left in License Trust Fund Balance:
Total Earnings:
Does Licensee Pass:
$8,705,177