ML112380102
| ML112380102 | |
| Person / Time | |
|---|---|
| Site: | Summer  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112380102 (5) | |
Text
Datasheet 1 Plant name: Summer (Virgil C.) Nuclear Station Docket Number: 50-395 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $447,041,975 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:
SCE&G 66.66% 1 $91,242,951 Santee Cooper 33.34% 1 $95,662,377 Total Trust Fund Balance $186,905,328 3 Schedule of the annual amounts remaining to be collected: (provided/none) Provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 1 1 1 Variable Variable Variable1 Variable N N Y N Y Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Rates provided are considered variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission.
Signature: Michael Purdie and Jo Ann Simpson Date: 08/09/2011 Secondary Review: Kosmas Lois 8/23/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Summer (Virgil C.) Nuclear Station Docket Number: 50-395 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 8 6 2042 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 2900 $100,520,000 112.8 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: $446,929,043 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
SCE&G 66.66% 1 $297,922,900 $91,242,951 Santee Cooper 33.34% 1 $149,006,143 $95,662,377 Total Fund Balance: $186,905,328 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$186,905,328 2% 31.60 $349,439,022 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 32 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 0.00 $90,018,867 Total Step 1 + Step 2 Does Licensee Pass:
$439,457,889 NO Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$439,457,889 2% 7 $32,670,545 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$472,128,433 YES NO Signature: Michael Purdie and Jo Ann Simpson Date: 08/09/2011 Secondary Review: Kosmas Lois 8/23/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Summer (Virgil C.) Nuclear Station Docket Number: 50-395 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 8 6 2042 If licensee is granted greater than 2% RRR Step 4:
Earnings Credit:
Real Rate Years Licensee Name Trust Fund Balance: of Return Left in Total Earnings: Does Licensee Pass:
SCE&G $91,242,951 2.00% 31.60 $170,588,222 NO Santee Cooper $95,662,377 2.00% 31.60 $178,850,800 Total: $349,439,022 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 32 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 0.00 $90,018,867 Total Step 4 + Step 5 Does Licensee Pass:
$439,457,889 NO Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$439,457,889 2.00% 7 $32,670,545 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$472,128,433 YES NO Signature: Michael Purdie and Jo Ann Simpson Date: 08/09/2011 Secondary Review: Kosmas Lois 8/23/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 8 6 2042 Real Rate Total Year Annuity: of Return: Accumulation 2011 $2,017,022 2% $3,771,153 2012 $2,017,022 2% $3,697,208 2013 $2,017,022 2% $3,624,714 2014 $2,017,022 2% $3,553,641 2015 $2,017,022 2% $3,483,962 2016 $2,017,022 2% $3,415,649 2017 $2,017,022 2% $3,348,676 2018 $2,017,022 2% $3,283,015 2019 $2,017,022 2% $3,218,642 2020 $2,017,022 2% $3,155,532 2021 $2,017,022 2% $3,093,659 2022 $2,017,022 2% $3,032,999 2023 $2,017,022 2% $2,973,528 2024 $2,017,022 2% $2,915,224 2025 $2,017,022 2% $2,858,062 2026 $2,017,022 2% $2,802,022 2027 $2,017,022 2% $2,747,080 2028 $2,017,022 2% $2,693,216 2029 $2,017,022 2% $2,640,408 2030 $2,017,022 2% $2,588,635 2031 $2,017,022 2% $2,537,878 2032 $2,017,022 2% $2,488,115 2033 $2,017,022 2% $2,439,329 2034 $2,017,022 2% $2,391,499 2035 $2,017,022 2% $2,344,607 2036 $2,017,022 2% $2,298,634 2037 $2,017,022 2% $2,253,563 2038 $2,017,022 2% $2,209,375 2039 $2,017,022 2% $2,166,054 2040 $2,017,022 2% $2,123,582 2041 $2,017,022 2% $2,081,944 2042 $1,766,162 2% $1,787,264 Total: $90,018,867 Signature: Michael Purdie and Jo Ann Simpson Date: 08/09/2011 Secondary Review: Kosmas Lois 8/23/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 8 6 2042 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $2,017,022 2.00% $3,771,153 2012 $2,017,022 2.00% $3,697,208 2013 $2,017,022 2.00% $3,624,714 2014 $2,017,022 2.00% $3,553,641 2015 $2,017,022 2.00% $3,483,962 2016 $2,017,022 2.00% $3,415,649 2017 $2,017,022 2.00% $3,348,676 2018 $2,017,022 2.00% $3,283,015 2019 $2,017,022 2.00% $3,218,642 2020 $2,017,022 2.00% $3,155,532 2021 $2,017,022 2.00% $3,093,659 2022 $2,017,022 2.00% $3,032,999 2023 $2,017,022 2.00% $2,973,528 2024 $2,017,022 2.00% $2,915,224 2025 $2,017,022 2.00% $2,858,062 2026 $2,017,022 2.00% $2,802,022 2027 $2,017,022 2.00% $2,747,080 2028 $2,017,022 2.00% $2,693,216 2029 $2,017,022 2.00% $2,640,408 2030 $2,017,022 2.00% $2,588,635 2031 $2,017,022 2.00% $2,537,878 2032 $2,017,022 2.00% $2,488,115 2033 $2,017,022 2.00% $2,439,329 2034 $2,017,022 2.00% $2,391,499 2035 $2,017,022 2.00% $2,344,607 2036 $2,017,022 2.00% $2,298,634 2037 $2,017,022 2.00% $2,253,563 2038 $2,017,022 2.00% $2,209,375 2039 $2,017,022 2.00% $2,166,054 2040 $2,017,022 2.00% $2,123,582 2041 $2,017,022 2.00% $2,081,944 2042 $1,766,162 2.00% $1,787,264 Total: $90,018,867 Signature: Michael Purdie and Jo Ann Simpson Date: 08/09/2011 Secondary Review: Kosmas Lois 8/23/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clayton Pittiglio