ML112380108
| ML112380108 | |
| Person / Time | |
|---|---|
| Site: | Surry  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112380108 (5) | |
Text
Datasheet 1 Plant name: Surry Power Station, Unit 2 Docket Number: 50-281 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $434,800,000 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:
Virginia Electric and Power 100.00% 1 $270,700,000 Company Total Trust Fund Balance $270,700,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) Provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Allowed through Decom Return on Escalation Rate Other Verified Needed Verified through Determined of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 2.00% N Y N N Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below)
Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Surry Power Station, Unit 2 Docket Number: 50-281 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 1 29 2033 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 2587 $97,765,600 112.8 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: $434,682,511 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Virginia Electric and Power 100.00% 1 $434,682,511 $270,700,000 Company Total Fund Balance: $270,700,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$270,700,000 2% 22.08 $419,142,396 NO Step 2:
Accumulation:
Value of Annuity per year Real Rate of Return Number of Annual (amount/See Annuity Sheet) per year Payments: Total Annuity:
See Annuity Sheet See Annuity Sheet 23 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 $13,839,938 Total Step 1 + Step 2 Does Licensee Pass:
$432,982,333 NO Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$432,982,333 2% 7 $32,189,134 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$465,171,467 YES NO Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Surry Power Station, Unit 2 Docket Number: 50-281 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 1 29 2033 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:
$270,700,000 2.00% 22.08 $419,142,396 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 23 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 $13,839,938 Total Step 4 + Step 5 Does Licensee Pass:
$432,982,333 NO Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$432,982,333 2.00% 7 $32,189,134 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$465,171,467 YES NO Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 1 29 2033 Real Rate Total Year Annuity: of Return: Accumulation 2011 $479,050 2% $741,768 2012 $479,050 2% $727,223 2013 $479,050 2% $712,964 2014 $479,050 2% $698,984 2015 $479,050 2% $685,279 2016 $479,050 2% $671,842 2017 $479,050 2% $658,668 2018 $479,050 2% $645,753 2019 $479,050 2% $633,092 2020 $479,050 2% $620,678 2021 $479,050 2% $608,508 2022 $479,050 2% $596,576 2023 $479,050 2% $584,879 2024 $479,050 2% $573,411 2025 $479,050 2% $562,167 2026 $479,050 2% $551,144 2027 $479,050 2% $540,338 2028 $479,050 2% $529,743 2029 $479,050 2% $519,356 2030 $479,050 2% $509,172 2031 $479,050 2% $499,188 2032 $479,050 2% $489,400 2033 $479,050 2% $479,804 Total: $13,839,938 Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 1 29 2033 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $479,050 2.00% $741,768 2012 $479,050 2.00% $727,223 2013 $479,050 2.00% $712,964 2014 $479,050 2.00% $698,984 2015 $479,050 2.00% $685,279 2016 $479,050 2.00% $671,842 2017 $479,050 2.00% $658,668 2018 $479,050 2.00% $645,753 2019 $479,050 2.00% $633,092 2020 $479,050 2.00% $620,678 2021 $479,050 2.00% $608,508 2022 $479,050 2.00% $596,576 2023 $479,050 2.00% $584,879 2024 $479,050 2.00% $573,411 2025 $479,050 2.00% $562,167 2026 $479,050 2.00% $551,144 2027 $479,050 2.00% $540,338 2028 $479,050 2.00% $529,743 2029 $479,050 2.00% $519,356 2030 $479,050 2.00% $509,172 2031 $479,050 2.00% $499,188 2032 $479,050 2.00% $489,400 2033 $479,050 2.00% $479,804 Total: $13,839,938 Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011 Formulas verified by: Clayton Pittiglio