ML112380102

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2010 DFS Report Analysis for Summer (Virgil C.) Nuclear Station
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 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 1

2

% Owned:

Category:

66.66%

1 33.34%

1 3

4 Variable1 Variable1 Variable1 Variable1 N

N Y

N Y

Y 5

6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7

$95,662,377 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):

Y

$447,041,975 Total Trust Fund Balance

$91,242,951 Amount in Trust Fund:

Plant name:

Summer (Virgil C.) Nuclear Station 50-395 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)

Rate(s) of Other Factors

$186,905,328 Real Rate of Return PUC Verified (Y/N)

Santee Cooper SCE&G Licensee:

RAI Needed (Y/N)

PUC Verified (Y/N)

Escalation Rate Allowed through Decom (Y/N)

Post-RAI Rates Determined (Y/N)

Any material changes to trust agreements? (Y/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)

N N

1 Rates provided are considered variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission.

Datasheet 2 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 Month:

12 8

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

% Owned:

Category 66.66%

1 33.34%

1 2%

31.60 See Annuity Sheet See Annuity Sheet 2%

7

$472,128,433 NO YES Shortfall:

NO Does Licensee Pass:

Does Licensee Pass:

Total of Steps 1 thru 3:

Decom Period:

Total Earnings:

Real Rate of Return per year Total Earnings for Decom:

See Annuity Sheet Number of Annual Payments:

Accumulation:

Step 2:

Earnings Credit:

$186,905,328 Decom Period:

See Total Step 2 Total Annuity Real Rate of Return per year Total Fund Balance:

$186,905,328 Total Step 1 + Step 2

$439,457,889 Total Annuity:

Step 3:

$90,018,867 Total Earnings:

$349,439,022 Real Rate of Return per year Latest Month Px Amount of NRC Minimum/Site Specific:

BWR/PWR MWth SCE&G Santee Cooper

$149,006,143

$95,662,377

$91,242,951 Amount in Trust Fund:

Site Specific:

Total Step 2:

32 Years Left in License 0.00 Real Rate of Return per year Does Licensee Pass:

NO See Total Step 2

$439,457,889 Years remaining after annuity

$32,670,545 Value of Annuity per year (amount/See Annuity Sheet)

Licensee:

$297,922,900 NRC Minimum:

$446,929,043 Trust Fund Balance:

Step 1:

Bx Ex Lx ECI Base Lx Base Px 2010 Year:

Summer (Virgil C.) Nuclear Station Docket Number:

Date of Operation:

Latest Month Fx Px 50-395 6

31 Termination of Operations:

2042 1986$

Day Base Fx Plant name:

Fx

Datasheet 2 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 Month:

12 8

2010 Year:

Summer (Virgil C.) Nuclear Station Docket Number:

Date of Operation:

50-395 6

31 Termination of Operations:

2042 Day Plant name:

2.00%

31.60 2.00%

31.60 Total:

See Annuity Sheet See Annuity Sheet 2.00%

7 Total Annuity:

Number of Annual Payments:

Step 5:

Real Rate of Return Total Earnings:

$170,588,222 Earnings Credit:

Step 4:

Does Licensee Pass:

Total Earnings:

0.00 32

$439,457,889 See Annuity Sheet See Total Step 4 Decom Period:

Step 6:

$439,457,889 See Total Step 4 NO Total Step 4 + Step 5 Total Earnings for Decom:

Decom Period:

Shortfall:

NO NO If licensee is granted greater than 2% RRR Licensee Name SCE&G Santee Cooper

$95,662,377

$178,850,800

$349,439,022 YES

$32,670,545 Total Step 5 Total of Steps 4 thru 6:

$472,128,433 Total Annuity Does Licensee Pass:

Real Rate of Return per year Real Rate of Return per year Does Licensee Pass:

Trust Fund Balance:

Years Left in Accumulation:

Value of Annuity per year

$91,242,951 Real Rate of Return per year Years remaining after annuity

$90,018,867

Datasheet 2 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 8

6 2042 Year Annuity:

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 ANNUITY Total Accumulation Termination of Operations:

Real Rate of Return:

Datasheet 2 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 8

6 2042 ANNUITY Termination of Operations:

Year Annuity:

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 If licensee is granted greater than 2% RRR Real Rate of Return:

Total Accumulation