ML112380023
| ML112380023 | |
| Person / Time | |
|---|---|
| Site: | Watts Bar  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112380023 (5) | |
Text
Datasheet 1 Plant name: Watts Bar Nuclear Plant, Unit 1 Docket Number: 50-390 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $467,000,000 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:
TVA 100.00% 1 $105,790,000 Total Trust Fund Balance $105,790,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 9.00% 4.00% 5.00% N Y Y Y Y Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below)
Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/7/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Watts Bar Nuclear Plant, Unit 1 Docket Number: 50-390 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 11 9 2035 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3459 $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 NRC Minimum: $466,847,886 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
TVA 100.00% 1 $466,847,886 $105,790,000 Total Fund Balance: $105,790,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$105,790,000 2% 24.86 $173,066,840 NO Step 2:
Accumulation:
Value of Annuity per year (amount/See Annuity Real Rate of Return Number of Annual 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 $84,705,814 Total Step 1 + Step 2 Does Licensee Pass:
$257,772,654 NO Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$257,772,654 2% 7 $19,163,550 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$276,936,203 NO ($189,911,683)
Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/7/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Watts Bar Nuclear Plant, Unit 1 Docket Number: 50-390 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 11 9 2035 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:
$105,790,000 5.00% 24.86 $355,741,192 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 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 $129,395,332 Total Step 4 + Step 5 Does Licensee Pass:
$485,136,524 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$485,136,524 5.00% 7 $98,749,642 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$583,886,166 YES NO Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/7/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 11 9 2035 Real Rate Total Year Annuity: of Return: Accumulation 2011 $2,600,000 2% $4,253,597 2012 $2,600,000 2% $4,170,193 2013 $2,600,000 2% $4,088,425 2014 $2,600,000 2% $4,008,259 2015 $2,600,000 2% $3,929,666 2016 $2,600,000 2% $3,852,614 2017 $2,600,000 2% $3,777,072 2018 $2,600,000 2% $3,703,012 2019 $2,600,000 2% $3,630,404 2020 $2,600,000 2% $3,559,220 2021 $2,600,000 2% $3,489,431 2022 $2,600,000 2% $3,421,011 2023 $2,600,000 2% $3,353,932 2024 $2,600,000 2% $3,288,169 2025 $2,600,000 2% $3,223,695 2026 $2,600,000 2% $3,160,485 2027 $2,600,000 2% $3,098,515 2028 $2,600,000 2% $3,037,760 2029 $2,600,000 2% $2,978,196 2030 $2,600,000 2% $2,919,800 2031 $2,600,000 2% $2,862,549 2032 $2,600,000 2% $2,806,420 2033 $2,600,000 2% $2,751,393 2034 $2,600,000 2% $2,697,444 2035 $2,600,000 2% $2,644,553 Total: $84,705,814 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/7/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 11 9 2035 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $2,600,000 5.00% $8,743,730 2012 $2,600,000 5.00% $8,327,362 2013 $2,600,000 5.00% $7,930,821 2014 $2,600,000 5.00% $7,553,163 2015 $2,600,000 5.00% $7,193,489 2016 $2,600,000 5.00% $6,850,941 2017 $2,600,000 5.00% $6,524,706 2018 $2,600,000 5.00% $6,214,006 2019 $2,600,000 5.00% $5,918,101 2020 $2,600,000 5.00% $5,636,286 2021 $2,600,000 5.00% $5,367,892 2022 $2,600,000 5.00% $5,112,278 2023 $2,600,000 5.00% $4,868,836 2024 $2,600,000 5.00% $4,636,987 2025 $2,600,000 5.00% $4,416,178 2026 $2,600,000 5.00% $4,205,884 2027 $2,600,000 5.00% $4,005,604 2028 $2,600,000 5.00% $3,814,861 2029 $2,600,000 5.00% $3,633,201 2030 $2,600,000 5.00% $3,460,191 2031 $2,600,000 5.00% $3,295,420 2032 $2,600,000 5.00% $3,138,495 2033 $2,600,000 5.00% $2,989,043 2034 $2,600,000 5.00% $2,846,708 2035 $2,600,000 5.00% $2,711,150 Total: $129,395,332 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/7/2011 Formulas verified by: Clayton Pittiglio