ML12072A058
| ML12072A058 | |
| Person / Time | |
|---|---|
| Site: | Calvert Cliffs, Nine Mile Point, Ginna  |
| Issue date: | 03/08/2012 |
| From: | Mormann S Constellation Energy Group, EDF Group |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML12072A058 (27) | |
Text
Stephen A. Mormann VP - Financial Services & Treasurer Constellation Energy Nuclear Group, LLC 100 Constellation Way Suite 200C Baltimore, MD 21202 (410) 470-4809 CENG a joint venture of 0
, -l
- eDF March 8, 2012 U. S. Nuclear Regulatory Commission Washington, DC 20555 ATTENTION:
SUBJECT:
Document Control Desk Calvert Cliffs Nuclear Power Plant Unit Nos. 1 & 2; Docket Nos. 50-317 & 50-318 Nine Mile Point Nuclear Station Unit Nos. 1 & 2; Docket Nos. 50-220 & 50-410 R.E. Ginna Nuclear Power Plant Docket No. 50-244 Status of Decommissioning Funding
REFERENCES:
(a) Letter from Mr. S. A. Mormann (CENG) to Document Control Desk (NRC),
dated March 29, 2011, Biennial Report: Status of Decommissioning Funding (b) Letter from Mr. H. B. Barron (CENG) and C. M. Crane (Exelon) to Document Control Desk (NRC), dated May 12, 2011, Application for Approval of Indirect Transfer of Control of Licenses Pursuant to the requirements of Title 10 Code of Federal Regulations (CFR) 50.75(0(1), this letter forwards the 2011 report on the status of decommissioning funding for Calvert Cliffs Nuclear Power Plant, R.E. Ginna Nuclear Power Plant, and Nine Mile Point Nuclear Station, which are wholly-owned subsidiaries of Constellation Energy Nuclear Group, LLC (CENG). Title 10 CFR 50.75(f)(1) requires that each power reactor licensee report, on a calendar-year basis, to the U.S. Nuclear Regulatory Commission (NRC) at least once every two years (or annually for plants involved in a merger or acquisition) on the status of its decommissioning funding for each reactor or part of a reactor that it owns.
As of December 31, 2011, Constellation Energy Group, Inc. (CEG) was the ultimate owner of 50.01% of CENG. As stated in Reference (b), CEG and Exelon Corporation were involved in a pending merger on December 31, 2011.
Since the merger was pending as of December 31, 2011, this letter and the associated attachments satisfy the requirement for reporting the status of decommissioning liability and funding.
The information required by 10 CFR 50.75(0(1) is provided in Attachment (1).
Please note the required information applicable to the Nine Mile Point Nuclear Station Unit 2 reactor includes summary
Document Control Desk March 8, 2012 Page 2 statements provided by the 18% co-owner, Long Island Power Authority. Constellation Energy Nuclear Group has not independently verified information provided by this co-owner.
The license termination decommissioning cost estimates (DCEs) presented in Attachment (2) and in Row Ic of each table in Attachment (1) are based on the site-specific SAFSTOR decommissioning cost studies referenced in Reference (a). These DCEs reflect updates to the escalations of the cost data and trust fund balance information previously provided in the attachments to Reference (a). These DCEs are presented solely to demonstrate the adequacy of radiological decommissioning financial assurance for each facility; actual decommissioning costs and schedules may vary from these DCEs.
For the purpose of satisfying 10 CFR 50.75(b)(1), which requires that the DCEs be greater than the NRC minimum funding certification amounts, Row lb of each table in Attachment (1) summarizes the DCEs based on immediate decommissioning without SAFSTOR. These DCEs on Row lb are greater than the NRC minimum amounts summarized in Row la of each table in Attachment (1).
There are no new regulatory commitments contained in this letter.
Should you have questions regarding the information in this submittal, please contact Bruce Montgomery at (410) 470-3777 or bruce.montgomery@cengllc.com.
Very truly yours, Stephen A. Mormann Attachments:
(1) 2012 Decommissioning Funding Status Report: Year End 2011 (2) 2012 Decommissioning Funding Analysis and Projected Cash Flow for Site-Specific SAFSTOR Decommissioning Studies cc:
D. V. Pickett, NRC R. V. Guzman, NRC J. A. Simpson, NRC T. Frederichs, NRC C. M. Regan, NRC W. M. Dean, NRC Resident Inspector, NRC (Calvert Cliffs)
Resident Inspector, NRC (Ginna)
Resident Inspector, NRC (Nine Mile Point)
S. Gray, Maryland DNR M. D. Hervey, LIPA B. Frymire, NYSDPS
ATTACHMENT (1) 2012 DECOMMISSIONING FUNDING STATUS REPORT:
YEAR END 2011 Constellation Energy Nuclear Group, LLC March 8, 2012
ATTACHMENT (1) 2012 DECOMMISSIONING FUNDING STATUS REPORT:
YEAR END 2011 Calvert Cliffs Nuclear Power Plant Unit Nos. 1 & 2 Docket Nos. 50-317 & 50-318 Table 1 - Calvert Cliffs Nuclear Power Plant Unit 1 Unit 2 Total Information Required by 10 CFR 50.75(f(1)
($000's)
($000's)
($000's) a The minimum decommissioning fund estimate' as of
$447,768'
$447,768'
$895,536' December 31, 2011, pursuant to 10 CFR 50.75 (b) and (c)
Decommissioning cost estimate from site-specific study Scenario I (immediate decommissioning without SAFSTOR lb costs) for Calvert Cliffs Nuclear Power Plant (Reference a)
$461,3992
$459,309'
$9207082 and escalated to end-of-201 1 dollars, as described in Attachment (2), that demonstrates the license termination costs are greater than the NRC minimum Decommissioning cost estimate from site-specific study Scenario 3 (SAFSTOR) for Calvert Cliffs Nuclear Power lc Plant (Reference a) and escalated to end-of-201 1 dollars, as
$614,4822
$613,6082
$1,228,0902 described in Attachment (2), that provides an alternative to the NRC minimum in row la above in demonstrating financial assurance The amount accumulated as of December 31, 2011 in the 2
external decommissioning trust pursuant to 10 CFR 50.75 (b)
$216,791'
$281,5853
$498,376 and (c), net of income taxes payable/receivable 3
Schedule of the annual amounts remaining to be collected
$0
$0
$0 Assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections Annual decommissioning cost escalation 4%4 4
Annual after-tax rate of earnings on decommissioning funds 6%4 Frequency of contribution to the decommissioning trust N/A 5
Any contracts upon which CENG is relying pursuant to 10 No CFR 50.75 (e)(1)(ii)(B) 6 Any modifications to CENG's current method of providing No financial assurance since the last submitted report 7
Any material changes to trust agreements No 1
ATTACHMENT (1) 2012 DECOMMISSIONING FUNDING STATUS REPORT:
YEAR END 2011 Table 1 Notes - Calvert Cliffs Nuclear Power Plant Values are based on application of the generic minimum funding calculation specified in 10 CFR 50.75(c)(1), as adjusted in accordance with paragraph 50.75(c)(2) and Revision 14 of NUREG-1307.
The Bureau of Labor Statistics (BLS) values used regarding energy and labor terms were taken from the best source available during the preparation of this submittal, which were the indices published as of December 2011 (preliminary for energy and final for labor).
These values represent decommissioning costs anticipated to be incurred in removing the Calvert Cliffs Nuclear Power Plant units safely from service and reducing residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The cost of dismantling nonradioactive systems and structures is not included in this estimate, nor is the cost of managing and storing spent fuel on the site until transfer to the U. S. Department of Energy.
The trust fund balances generally contemplate that common decommissioning costs would be borne primarily by Unit 2, since the common facilities cannot be decommissioned until Unit 2 is decommissioned.
However, consistent with the NRC minimum calculation, the site-specific SAFESTOR nuclear decommissioning cost study referenced in Reference (a) allocated the costs of decommissioning the common facilities evenly between Unit 1 and Unit 2.
The long-term target rate of return for the fund is approximately 6.5%; however, CENG employs here only a 6% rate of return in accordance with the "up to a 2 percent annual real rate of return" limitation set forth in 10 CFR 50.75(e). The weighted average cost escalation value of 4% for all decommissioning costs is based on recent site-specific decommissioning studies performed on a CENG fleet-wide basis.
2
ATTACHMENT (1) 2012 DECOMMISSIONING FUNDING STATUS REPORT:
YEAR END 2011 Nine Mile Point Nuclear Station Unit Nos. 1 & 2 Docket Nos. 50-220 & 50-410 Table 2 - Nine Mile Point Nuclear Station1 (Constellation Energy Nuclear Group (CENG) Ownership Interest)
Unit I Unit 2 Total Information Required by 10 CFR 50.75(0(1)
($000's)
($000's)
($000's) la The minimum decommissioning fund estimate2 as of December 31, 2011, pursuant to 10 CFR 50.75 (b) and (c)
$571,3483
$524,2283
$1,095,576 Decommissioning cost estimate from site-specific study Scenario I (immediate decommissioning without lb SAFSTOR costs) for Nine Mile Point Nuclear Station
$617,738'
$548,0703
$1,165,8083 (Reference a) and escalated to end-of-20 11 dollars, as described in Attachment (2), that demonstrates the license I termination costs are greater than the NRC minimum Decommissioning cost estimate from site-specific study Scenario 3 (SAFSTOR) for Nine Mile Point Nuclear 1c Station (Reference a) and escalated to end-of-20 11 dollars,
$783,322'
$745,040'
$1,528,362' as described in Attachment (2), that provides an alternative to the NRC minimum in row I a above in demonstrating financial assurance The amount accumulated as of December 31,2011 in the 2
external decommissioning trust pursuant to 10 CFR 50.75
$390,586
$246,782
$637,368 (b) and (c), net of income taxes payable/receivable 3
Schedule of the annual amounts remaining to be collected
$0
$0
$0 Assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections Annual decommissioning cost escalation 4%4 Annual after-tax rate of earnings on decommissioning funds 6%4 Frequency of contribution to the decommissioning trust 4 N/A 5
Any contracts upon which CENG is relying pursuant to 10 No CFR 50.75 (e)(1)(ii)(B) 6 Any modifications to CENG's current method of providing No financial assurance since the last submitted report 7
Any material changes to trust agreements No 3
ATTACHMENT (1) 2012 DECOMMISSIONING FUNDING STATUS REPORT:
YEAR END 2011 Table 2 Notes - Nine Mile Point Nuclear Station (Constellation Energy Nuclear Group Ownership Interest)
On November 7, 2001, Constellation Energy Group (now CENG) completed the acquisition of 100%
of Nine Mile Point Nuclear Station Unit 1 (NMP-1) and 82% of Nine Mile Point Nuclear Station Unit 2 (NMP-2). The NMP-1 amounts provided in this table represent the 100% CENG share of decommissioning responsibilities. The NMP-2 amounts provided in this table represent the 82%
CENG share of decommissioning responsibilities. Table 3 contains information regarding the 18%
share of the liability assumed by the Long Island Power Authority.
2 Values are based on application of the generic minimum funding calculation specified in 10 CFR 50.75(c)(1), as adjusted in accordance with paragraph 50.75(c)(2) and Revision 14 of NUREG-1307.
The Bureau of Labor Statistics (BLS) values used regarding energy and labor terms were taken from the best source available during the preparation of this submittal, which were the indices published as of December 2011 (preliminary for energy and final for labor).
These values represent the decommissioning costs, relative to the CENG interests, as anticipated to be incurred in removing the Nine Mile Point Nuclear Station units safely from service and reducing residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The cost of dismantling nonradioactive systems and structures is not included in this estimate, nor is the cost of managing and storing spent fuel on the site until transfer to the U.S.
Department of Energy.
4 The long-term target rate of return for the fund is approximately 6.5%; however, CENG employs here only a 6% rate of return in accordance with the "up to a 2 percent annual real rate of return" limitation set forth in 10 CFR 50.75(e). The weighted average cost escalation value of 4% for all decommissioning costs is based on recent site-specific decommissioning studies performed on a CENG fleet-wide basis.
4
ATTACHMENT (1) 2012 DECOMMISSIONING FUNDING STATUS REPORT:
YEAR END 2011 Nine Mile Point Nuclear Station Unit Nos. 1 & 2 Docket Nos. 50-220 & 50-410 Table 3 - Nine Mile Point Nuclear Station (Long Island Power Authority 18% NMP-2 Ownership Interest)1 Note: Information in this table for rows 2-7 was provided by the NMP-2 minority owner, Long Island Power Authority.
CENG has not independently verified or assessed the information provided by this co-owner.
Unit 1 Unit 2 Total Information Required by 10 CFR 50.75(t)(1)
(
s$000) ($000's)
($000's) la The minimum decommissioning fund estimate2 as of N/A
$115,0753
$115,075' December 31, 2011, pursuant to 10 CFR 50.75 (b) and (c)
Decommissioning cost estimate from site-specific study Scenario 1 (immediate decommissioning without lb SAFSTOR costs) for Nine Mile Point Nuclear Station N/A
$120,308'
$120,3083 (Reference a) and escalated to end-of-201 1 dollars, as described in Attachment (2), that demonstrates the license I termination costs are greater than the NRC minimum Decommissioning cost estimate from site-specific study Scenario 3 (SAFSTOR) for Nine Mile Point Nuclear c
Station (Reference a) and escalated to end-of-201 1 dollars, N/A
$163,545'
$163,545' as described in Attachment (2), that provides an alternative to the NRC minimum in row Ia above in demonstrating financial assurance The amount accumulated as of December 31, 2011 in the 2
external decommissioning trust pursuant to 10 CFR 50.75 N/A
$ 70,366
$ 70,366 (b) and (c), net of income taxes payable/receivable 3
Schedule of the annual amounts remaining to be collected
$0
$0
$0 Assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections Annual decommissioning cost escalation N/A 4%4 4%4 Annual after-tax rate of earnings on decommissioning funds N/A 6%4 60/64 Frequency of contribution to the decommissioning trust N/A 5
Any contracts upon which Long Island Power Authority is No relying pursuant to 10 CFR 50.75 (e)(1)(ii)(B)
Any modifications to the Long Island Power Authority's 6
current method of providing financial assurance since the No last submitted report 7
Any material changes to trust agreements No 5
ATTACHMENT (1) 2012 DECOMMISSIONING FUNDING STATUS REPORT:
YEAR END 2011 Table 3 Notes - Nine Mile Point Nuclear Station (Long Island Power Authority 18% NMP-2 Ownership Interest)
On November 7, 2001, Constellation Energy Group (now CENG) completed the acquisition of 100%
of Nine Mile Point Nuclear Station Unit I (NMP-1) and 82% of Nine Mile Point Nuclear Station Unit 2 (NMP-2). The NMP-2 amounts provided in this table represent the remaining 18% Long Island Power Authority (LIPA) share of decommissioning responsibilities. Constellation Energy Nuclear Group has not independently verified this information as provided by the co-owner.
2 Values are based on application of the generic minimum funding calculation specified in 10 CFR 50.75(c)(1), as adjusted in accordance with paragraph 50.75(c)(2) and Revision 14 of NUREG-1307.
The Bureau of Labor Statistics (BLS) values used regarding energy and labor terms were taken from the best source available during the preparation of this submittal, which were the indices published as of December 2011 (preliminary for energy and final for labor).
These values represent the decommissioning costs, relative to the LIPA interests, as anticipated to be incurred in removing NMP-2 safely from service and reducing residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The cost of dismantling nonradioactive systems and structures is not included in this estimate, nor is the cost of managing and storing spent fuel on the site until transfer to the U.S. Department of Energy.
Constellation Energy Nuclear Group has not independently verified this information as provided by the co-owner.
4 The long-term target rate of return for the fund is approximately 6%, which is in accordance with the "up to a 2 percent annual real rate of return" limitation set forth in 10 CFR 50.75(e). The weighted average cost escalation value of 4% for all decommissioning costs is based on recent site-specific decommissioning studies performed on a CENG fleet-wide basis.
6
ATTACHMENT (1) 2012 DECOMMISSIONING FUNDING STATUS REPORT:
YEAR END 2011 R.E. GINNA NUCLEAR POWER PLANT Docket No. 50-244 Table 4 - R.E. Ginna Nuclear Power Plant' Total Information Required by 10 CFR 50.75(f)(1)
($Tot's) la The minimum decommissioning fund estimate 2 as of December 31,2011,
$423,0593 pursuant to 10 CFR 50.75 (b) and (c)
Decommissioning cost estimate from site-specific study Scenario I (immediate decommissioning without SAFSTOR costs) for R.E. Ginna l b Nuclear Power Plant (Reference a) and escalated to end-of-2011 dollars,
$430,450' as described in Attachment (2), that demonstrates the license termination costs are greater than the NRC minimum Decommissioning cost estimate from site-specific study Scenario 3 (SAFSTOR) for R.E. Ginna Nuclear Power Plant (Reference a) and Ic escalated to end-of-201 1 dollars, as described in Attachment (2), that
$636,3313 provides an alternative to the NRC minimum in row Ia above in demonstrating financial assurance The amount accumulated as of December 31, 2011 in the external 2
decommissioning trust pursuant to 10 CFR 50.75 (b) and (c), net of
$274,398 income taxes payable/receivable 3
Schedule of the annual amounts remaining to be collected
$0 Assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections Annual decommissioning cost escalation 4%4 4
Annual after-tax rate of earnings on decommissioning funds 6%4 Frequency of contribution to the decommissioning trust N/A 5
Any contracts upon which CENG is relying pursuant to 10 CFR 50.75 No 5 (e)(1)(ii)(B3)N 6
Any modifications to CENG's current method of providing financial No assurance since the last submitted report 7
Any material changes to trust agreements No 7
ATTACHMENT (1) 2012 DECOMMISSIONING FUNDING STATUS REPORT:
YEAR END 2011 Table 4 Notes - R.E. Ginna Nuclear Power Plant On June 10, 2004, Constellation Energy Group (now CENG) completed acquisition of 100% of the R.E. Ginna Nuclear Power Plant and associated assets. The amounts provided in this table represent that 100% CENG share of decommissioning responsibilities.
Values are based on application of the generic minimum funding calculation specified in 10 CFR 50.75(c)(1), as adjusted in accordance with paragraph 50.75(c)(2) and Revision 14 of NUREG-1307.
The Bureau of Labor Statistics (BLS) values used regarding energy and labor terms were taken from the best source available during the preparation of this submittal, which were the indices published as of December 2011 (preliminary for energy and final for labor).
These values represent decommissioning costs anticipated to be incurred in removing the R.E. Ginna Nuclear Power Plant unit safely from service and reducing residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The cost of dismantling nonradioactive systems and structures is not included in this estimate, nor is the cost of managing and storing spent fuel on the site until transfer to the U. S. Department of Energy.
The long-term target rate of return for the fund is approximately 6.5%; however, CENG employs here only a 6% rate of return in accordance with the "up to a 2 percent annual real rate of return" limitation set forth in 10 CFR 50.75(e). The weighted average cost escalation value of 4% for all decommissioning costs is based on recent site-specific decommissioning studies performed on a CENG fleet-wide basis.
8
ATTACHMENT (2) 2012 DECOMMISSIONING FUNDING ANALYSIS AND PROJECTED CASH FLOW FOR SITE-SPECIFIC SAFSTOR DECOMMISSIONING STUDIES Constellation Energy Nuclear Group, LLC March 8, 2012
Constellation Energy Nuclear Group (CENG)
NRC Financial Assurance As of December 31, 2011 Dollars In Thousands Nine Mile Point Calvert Cliffs Unit 2 Unit 1 Unit 2 Unit I CENG 82%
LIPA 18%
Total Unit 2 Ginna 7/31/2034 8/13/2036 8/22/2029 10/31/2046 10/31/2046 10/31/2046 9/18/2029 Ucense expiration and shutdown date Radiological Decommissioning Trust Fund Activity:
Trust fund balance as of December 31, 2011, net of income taxes payable/receivable [A]
Less total license termination disbursements per site-specific study (Scenario 3):
In 2009 dollars per 2009 study [B]
Escalated to year-end 2011 dollars [C = B x L (escalation ratio below)]
Trust fund earnings through decommissioning period based on 2% real rate of return [D]
Trust fund balance at end of decommissioning period, net of income taxes payable/receivable [E=A+C+D]
Comparison of Site-Specific Studies to NRC Minimum:
Total license termination disbursements per prompt decommissioning scenario of site-specific study (Scenario 1):
In 2009 dollars per 2009 study [F]
Escalated to year-end 2011 dollars [G= F x L (escalation ratio below)]
NRC minimum as of December 31, 2011 [H]
Site-specific study amount greater than NRC minimum amount [G > H]
Notes:
$216,791
$281,585
$390,586
$246,782
$70,366
$317,148
$274,398 (518,244)
(517,507)
(700,583)
(666,344)
(146,271)
(812,615)
(537,306)
(614,482)
(613,608)
(783,322)
(745,040)
(163,545)
(908,585)
(636,331) 421,513 633,903 750,443 758,780 235,830 994610 484,812 S23,822 S301.880 S357,707 S260,522 S142,651 S403.173 S1z22879
$389,136
$387,374
$552,489
$490,180
$107,600
$597,780
$363,464 461,399 459,309 617,738 548,070 120,308 668,378 430,450 447,768 447,768 571,348 524,228 115,075 639,303 423,059 Yes Yes Yes Yes Yes Yes Yes 1 A final determination of the decommissioning approach for each of the units has not been made. For the purpose of this financial assurance submittal, each of the projected trust fund balances (net of income taxes payable/receivable) is based on Scenario 3 of the supporting site-specific study, which is within the guidelines set forth in 10 C.F.R. 50.75. Different decommissioning options that also meet the NRC financial assurance requirements may be chosen in the future. Any funds remaining after the completion of radiological decommissioning could be available for nonradiological decommissioning.
2 For Nine Mile Point Unit 2 amounts above, the trust fund balance amounts as of December 31, 2011 reflect the actual CENG and Long Island Power Authority (LIPA) fund balances (net of income taxes payable/receivable), the disbursement and NRC minimum amounts reflect the 82%/18% CENG/LIPA pro rata ownership split, and the earnings are calculated on the trust fund balances (net of income taxes payable/receivable) less the pro rata distributions. The supporting site-specific study reflects the cost of decommisioning 100% of the unit.
3 The NRC minimum as of December 31, 2011, including burial costs, is based on NUREG 1307 Rev 14 updated through the Bureau of Labor Statistics published labor and energy indices as of December 31, 2011, except that the energy-related indices are preliminary estimates as of December 2011, since the final indices for the energy-related indices have yet to be published.
4 Decommissioning expenditures are assumed to be paid as of January 1 of each year, apply to only license termination radiological decommissioning costs, and do not include any other decommissioning costs such as costs for spent fuel management or restoration of the site to "greenfield" status.
5 Each scenario in the site-specific study was based upon costs in 2009 dollars. These costs were escalated at the same rate that the NRC Minimum for each unit increased from December 31, 2008 to December 31, 2011, as calculated below.
Calculation of Cost Escalation Rate (Described in Note 5 Above) - Dollars in Thousands Calvert Cliffs Nine Mile Point Ginna NRC Minimum:
Unit I Unit 2 Unit I Unit 2 NRC Minimum as of December 31, 2008 per 2009 NRC Biennial Submittal [1) 1986 Base Year Amounts
$376,413
$376,413
$511,020
$571,801
$357,231 NRC Minimum per 2009 Biennial Submittal adjusted for Calvert Cliffs' MWth increasei[K_ ($199,086*$98,760=1.00330) 377,654 377,654 511,020 571,801 357,231 NRC Minimum as of December 31, 2011 per this 2012 NRC Submittal [H) 447,768 447,768 571,348 639,303 423,059 Ratio of NRC Minimum per 2012 Submittal to adjusted NRC Minimum per 2009 Biennial Submittal [L=H/K]
1.1857 1.1857 1.1181 1.1181 1.1843 Cost escalation rate from 2009 site-specific studies to this 2012 NRC Biennial Submittal 18.57%
18.57%
11.81%
11.81%
18.43%
Page 1 of 15
Calvert Cliffs Nuclear Power Plant - Unit 1 (2 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
Radiological Decommissioning Expenditures in Year-end 2011 Dollars C = B x 1.1857 2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048
$ 216,791 221,127 225,549 230,060 234,662 239,355 244,142 249,025 254,005 259,085 264,267 269,552 274,943 280,442 286,051 291,772 297,608 303,560 309,631 315,824 322,140 328,583 335,154 336,224 334,956 313,334 277,002 278,780 280,592 282,441 278,466 272,534 275,310 278,142 281,031 283,977 286,983 4,336 4,423 4,511 4,601 4,693 4,787 4,883 4,980 5,080 5,182 5,285 5,391 5,499 5,609 5,721 5,835 5,952 6,071 6,193 6,316 6,443 6,572 6,593 6,568 6,144 5,431 5,466 5,502 5,538 5,460 5,344 5,398 5,454 5,510 5,568 5,627 5,687 Radiological Decommissioning Trust Fund Balance as of End of Year E =(A - C + D)
$ 216,791 221,127 225,549 230,060 234,662 239,355 244,142 249,025 254,005 259,085 264,267 269,552 274,943 280,442 286,051 291,772 297,608 303,560 309,631 315,824 322,140 328,583 335,154 336,224 334,956 313,334 277,002 278,780 280,592 282,441 278,466 272,534 275,310 278,142 281,031 283,977 286,983 290,048 4,658 6,608 23,418 35,222 3,111 3,111 3,111 7,957 9,510 2,211 2,211 2,211 2,211 2,211 2,211 5,523 7,836 27,767 41,763 3,689 3,689 3,689 9,435 11,276 2,622 2,622 2,622 2,622 2,622 2,622 Page 2 of 15
Calvert Cliffs Nuclear Power Plant - Unit 1 (2 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
2049 290,048 2050 293,175 2051 296,364 2052 299,617 2053 302,935 2054 306,320 2055 309,772 2056 313,293 2057 316,374 2058 320,027 2059 323,753 2060 327,554 2061 331,431 2062 335,385 2063 339,419 2064 343,533 2065 347,729 2066 351,661 2067 355,583 2068 359,582 2069 363,662 2070 367,824 2071 372,068 2072 376,397 2073 380,813 2074 385,318 2075 389,912 2076 394,599 2077 398,868 2078 400,155 2079 388,346 2080 307,205 2081 188,232 2082 114,041 2083 62,605 2084 23,444 Totals and Ending Fund Balance Radiological Decommissioning Expenditures in 2009 Dollars B
2,211 2,211 2,211 2,211 2,211 2,211 2,211 2,634 2,211 2,211 2,211 2,211 2,211 2,211 2,211 2,211 2,499 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,996 5,532 16,381 73,513 103,452 64,458 44,415 33,416 75
$ 518,244 Radiological Decommissioning Expenditures in Year-end 2011 Dollars C =B x 1.1857 2,622 2,622 2,622 2,622 2,622 2,622 2,622 3,123 2,622 2,622 2,622 2,622 2,622 2,622 2,622 2,622 2,963 3,051 3,051 3,051 3,051 3,051 3,051 3,051 3,051 3,051 3,051 3,552 6,559 19,423 87,165 122,663 76,428 52,663 39,621 88
$ 614,482 2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
5,749 5,811 5,875 5,940 6,006 6,074 6,143 6,203 6,275 6,348 6,423 6,499 6,576 6,655 6,736 6,818 6,895 6,972 7,051 7,131 7,212 7,295 7,380 7,467 7,555 7,645 7,737 7,821 7,846 7,615 6,024 3,691 2,236 1,228 460 467
$ 421,513 Radiological Decommissioning Trust Fund Balance as of End of Year E =(A - C + D) 293,175 296,364 299,617 302,935 306,320 309,772 313,293 316,374 320,027 323,753 327,554 331,431 335,385 339,419 343,533 347,729 351,661 355,583 359,582 363,662 367,824 372,068 376,397 380,813 385,318 389,912 394,599 398,868 400,155 388,346 307,205 188,232 114,041 62,605 23,444 23,822 23,822 Page 3 of 15
Calvert Cliffs Nuclear Power Plant - Unit 2 (2 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
Radiological Decommissioning Expenditures in Year-end 2011 Dollars C = B x 1.1857 2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048
$ 281,585 287,217 292,961 298,820 304,797 310,893 317,110 323,453 329,922 336,520 343,251 350,116 357,118 364,260 371,545 378,976 386,556 394,287 402,173 410,216 418,420 426,789 435,325 438,398 439,173 423,952 385,516 389,464 393,490 397,597 395,925 392,342 397,514 402,791 408,172 413,661 419,260 5,632 5,744 5,859 5,976 6,096 6,218 6,342 6,469 6,598 6,730 6,865 7,002 7,142 7,285 7,431 7,580 7,731 7,886 8,043 8,204 8,368 8,536 8,596 8,611 8,313 7,559 7,637 7,715 7,796 7,763 7,693 7,794 7,898 8,003 8,111 8,221 8,333 Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D) 281,585 287,217 292,961 298,820 304,797 310,893 317,110 323,453 329,922 336,520 343,251 350,116 357,118 364,260 371,545 378,976 386,556 394,287 402,173 410,216 418,420 426,789 435,325 438,398 439,173 423,952 385,516 389,464 393,490 397,597 395,925 392,342 397,514 402,791 408,172 413,661 419,260 424,971 4,658 6,608 19,848 38,791 3,111 3,111 3,111 7,957 9,510 2,211 2,211 2,211 2,211 2,211 2,211 5,523 7,836 23,534 45,995 3,689 3,689 3,689 9,435 11,276 2,622 2,622 2,622 2,622 2,622 2,622 Page 4 of 15
Calvert Cliffs Nuclear Power Plant - Unit 2 (2 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
2049 424,971 2050 430,796 2051 436,738 2052 442,799 2053 448,980 2054 455,286 2055 461,717 2056 468,277 2057 474,458 2058 481,273 2059 488,224 2060 495,314 2061 502,546 2062 509,923 2063 517,447 2064 525,122 2065 532,950 2066 540,587 2067 548,286 2068 556,140 2069 564,151 2070 572,322 2071 580,657 2072 589,158 2073 597,829 2074 606,674 2075 615,695 2076 624,897 2077 633,772 2078 639,757 2079 632,741 2080 583,177 2081 484,205 2082 396,434 2083 329,866 2084 296,050 Totals and Ending Fund Balance Radiological Decommissioning Expenditures in 2009 Dollars B
2,211 2,211 2,211 2,211 2,211 2,211 2,211 2,634 2,211 2,211 2,211 2,211 2,211 2,211 2,211 2,211 2,499 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,573 2,996 5,532 16,381 51,446 91,479 80,580 61,597 33,416 75
$ 517,507 Radiological Decommissioning Expenditures in Year-end 2011 Dollars C =B x 1.1857 2,622 2,622 2,622 2,622 2,622 2,622 2,622 3,123 2,622 2,622 2,622 2,622 2,622 2,622 2,622 2,622 2,963 3,051 3,051 3,051 3,051 3,051 3,051 3,051 3,051 3,051 3,051 3,552 6,559 19,423 60,999 108,466 95,544 73,036 39,621 88
$ 613,608 2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
8,447 8,563 8,682 8,804 8,927 9,053 9,182 9,303 9,437 9,573 9,712 9,854 9,998 10,146 10,297 10,450 10,600 10,751 10,905 11,062 11,222 11,385 11,552 11,722 11,896 12,072 12,253 12,427 12,544 12,407 11,435 9,494 7,773 6,468 5,805 5,919
$ 633,903 Radiological Decommissioning Trust Fund Balance as of End of Year E =(A - C + D) 430,796 436,738 442,799 448,980 455,286 461,717 468,277 474,458 481,273 488,224 495,314 502,546 509,923 517,447 525,122 532,950 540,587 548,286 556,140 564,151 572,322 580,657 589,158 597,829 606,674 615,695 624,897 633,772 639,757 632,741 583,177 484,205 396,434 329,866 296,050 301,880 301,880 Page 5 of 15
Nine Mile Point Nuclear Station - Unit 1 (2 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
Radiological Decommissioning Expenditures In Year-end 2011 Dollars C = B x 1.11S1 2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048
$ 390,586 398,398 406,366 414,493 422,783 431,239 439,863 448,661 457,634 466,786 476,122 485,645 495,357 505,265 515,370 525,677 536,191 540,269 494,725 469,066 474,421 479,884 485,455 475,466 469,361 476,728 484,242 491,906 499,724 507,698 515,831 524,127 532,589 541,221 550,022 558,991 568,105 5,827 49,409 31,175 3,530 3,530 3,530 17,272 13,691 1,772 1,772 1,772 1,772 1,772 1,772 1,772 1,772 1,772 1,774 1,781 1,812 1,770 6,515 55,244 34,857 3,947 3,947 3,947 19,312 15,308 1,981 1,981 1,981 1,981 1,981 1,981 1,981 1,981 1,981 1,984 1,991 2,026 1,979 7,812 7,968 8,127 8,290 8,456 8,625 8,797 8,973 9,153 9,336 9,522 9,713 9,907 10,105 10,307 10,514 10,594 9,700 9,197 9,302 9,409 9,519 9,323 9,203 9,348 9,495 9,645 9,799 9,955 10,114 10,277 10,443 10,612 10,785 10,961 11,139 11,323 Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D)
$ 390,586 398,398 406,366 414,493 422,783 431,239 439,863 448,661 457,634 466,786 476,122 485,645 495,357 505,265 515,370 525,677 536,191 540,269 494,725 469,066 474,421 479,884 485,455 475,466 469,361 476,728 484,242 491,906 499,724 507,698 515,831 524,127 532,589 541,221 550,022 558,991 568,105 577,448 zi Page 6 of 15
Nine Mile Point Nuclear Station - Unit 1 (2 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
Radiological Decommissioning Expenditures in Year-end 2011 Dollars C = B x 1.1181 2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D) 2049 577,448 2050 586,086 2051 595,789 2052 605,686 2053 615,736 2054 626,019 2055 636,509 2056 647,208 2057 658,121 2058 669,252 2059 680,606 2060 692,187 2061 704,000 2062 716,049 2063 728,339 2064 740,875 2065 753,661 2066 766,703 2067 780,006 2068 793,571 2069 807,412 2070 820,638 2071 835,019 2072 849,616 2073 864,167 2074 859,462 2075 794,932 2076 544,927 2077 399,156 Totals and Ending Fund Balance 2,552 1,770 1,770 1,809 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,781 1,784 1,781 2,563 1,781 1,844 2,141 19,280 71,655 233,154 137,374 43,344
$ 700,583 2,854 1,979 1,979 2,023 1,991 1,991 1,991 1,991 1,991 1,991 1,991 1,991 1,991 1,991 1,991 1,991 1,991 1,991 1,995 1,991 2,865 1,991 2,062 2,394 21,557 80,117 260,690 153,598 48,463
$ 783,322 11,492 11,682 11,876 12,073 12,275 12,481 12,690 12,904 13,123 13,345 13,572 13,804 14,040 14,281 14,527 14,778 15,033 15,294 15,560 15,832 16,091 16,373 16,659 16,944 16,852 15,587 10,685 7,827 7,014
$ 750,443 586,086 595,789 605,686 615,736 626,019 636,509 647,208 658,121 669,252 680,606 692,187 704,000 716,049 728,339 740,875 753,661 766,703 780,006 793,571 807,412 820,638 835,019 849,616 864,167 859,462 794,932 544,927 399,156 357,707
$ 357,707 Page 7 of 15
Nine Mile Point Nuclear Station - Unit 2 - CENG's 82% Portion (3 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
CENG's 82% Portion of Radiological Decommissioning Expenditures in Year-End 2011 Dollars C = B x 1.1181 x 82%
2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
Radiological Decommissioning Trust Fund Balance as of End of Year E = (A-C + D) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047
$ 246,782 251,718 256,752 261,887 267,125 272,467 277,917 283,475 289,144 294,927 300,826 306,842 312,979 319,239 325,624 332,136 338,779 345,554 352,465 359,515 366,705 374,039 381,520 389,150 396,933 404,872 412,969 421,229 429,653 438,247 447,011 455,952 465,071 474,372 481,222 465,640
$ 4,936 5,034 5,135 5,238 5,342 5,449 5,558 5,669 5,783 5,899 6,017 6,137 6,260 6,385 6,512 6,643 6,776 6,911 7,049 7,190 7,334 7,481 7,630 7,783 7,939 8,097 8,259 8,425 8,593 8,765 8,940 9,119 9,301 9,436 9,130 8,310
$ 246,782 251,718 256,752 261,887 267,125 272,467 277,917 283,475 289,144 294,927 300,826 306,842 312,979 319,239 325,624 332,136 338,779 345,554 352,465 359,515 366,705 374,039 381,520 389,150 396,933 404,872 412,969 421,229 429,653 438,247 447,011 455,952 465,071 474,372 481,222 465,640 423,790
$ 2,821 26,954 54,709 2,586 24,712 50,160 Page 8 of 15
Nine Mile Point Nuclear Station - Unit 2 - CENG's 82% Portion (3 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
2048 423,790 2049 427,325 2050 430,932 2051 434,610 2052 424,977 2053 414,276 2054 420,460 2055 426,769 2056 433,203 2057 439,766 2058 446,461 2059 453,289 2060 460,254 2061 467,358 2062 474,604 2063 481,995 2064 489,534 2065 497,224 2066 505,067 2067 513,068 2068 521,224 2069 529,548 2070 537,041 2071 545,681 2072 554,434 2073 563,085 2074 572,037 2075 581,218 2076 590,552 2077 600,060 2078 609,352 2079 618,435 2080 627,699 2081 637,149 2082 646,788 2083 656,620 2084 666,648 Radiological Decommissioning Expenditures in 2009 Dollars B
5,283 5,283 5,283 19,596 20,531 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,251 2,246 3,312 2,246 2,311 2,606 2,470 2,416 2,450 2,462 2,897 3,319 3,319 3,319 3,319 3,319 3,319 3,319 CENG's 82% Portion of Radiological Decommissioning Expenditures in Year-End 2011 Dollars C = B x 1.1181 x 82%
4,843 4,843 4,843 17,966 18,824 2,060 2,060 2,060 2,060 2,060 2,060 2,060 2,060 2,060 2,060 2,060 2,060 2,060 2,060 2,064 2,060 3,037 2,060 2,119 2,389 2,264 2,215 2,246 2,257 2,656 3,043 3,043 3,043 3,043 3,043 3,043 3,043 2.00%
Annual Trust Fund Earnings D =(A - C) x 2%
8,379 8,450 8,522 8,333 8,123 8,244 8,368 8,494 8,623 8,754 8,888 9,025 9,164 9,306 9,451 9,599 9,749 9,903 10,060 10,220 10,383 10,530 10,700 10,871 11,041 11,216 11,396 11,579 11,766 11,948 12,126 12,308 12,493 12,682 12,875 13,072 13,272 Radiological Decommissioning Trust Fund Balance as of End of Year E = (A-C + D) 427,325 430,932 434,610 424,977 414,276 420,460 426,769 433,203 439,766 446,461 453,289 460,254 467,358 474,604 481,995 489,534 497,224 505,067 513,068 521,224 529,548 537,041 545,681 554,434 563,085 572,037 581,218 590,552 600,060 609,352 618,435 627,699 637,149 646,788 656,620 666,648 676,876 Page 9 of 15
Nine Mile Point Nuclear Station - Unit 2 - CENG's 82% Portion (3 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
CENG's 82% Portion of Radiological Decommissioning Expenditures in Year-End 2011 Dollars C = B x 1.1181 x 82%
2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D) 2085 676,876 2086 687,310 2087 697,952 2088 708,807 2089 719,879 2090 730,175 2091 728,763 2092 678,785 2093 517,013 2094 359,442 2095 255,763 Totals and Ending Fund Balance 3,319 3,319 3,319 3,319 4,385 17,126 69,028 187,501 179,550 118,552 380
$ 812,615 3,043 3,043 3,043 3,043 4,021 15,702 63,287 171,909 164,619 108,694 349
$ 745,040 13,477 13,685 13,898 14,115 14,317 14,289 13,310 10,138 7,048 5,015 5,108
$ 758,780 687,310 697,952 708,807 719,879 730,175 728,763 678,785 517,013 359,442 255,763 260,522
$ 260,522 Page 10 of 15
Nine Mile Point Nuclear Station - Unit 2 - LIPA's 18% Portion (3 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
LIPA's 18% Portion of Radiological Decommissioning Expenditures in Year-End 2011 Dollars C = B x 1.1181 x 18%
2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 70,366 71,773 73,209 74,673 76,166 77,690 79,244 80,828 82,445 84,094 85,776 87,491 89,241 91,026 92,846 94,703 96,597 98,529 100,500 102,510 104,560 106,651 108,784 110,960 113,179 115,443 117,752 120,107 122,509 124,959 127,458 130,007 132,608 135,260 137,386 134,601
$ 1,407 1,435 1,464 1,493 1,523 1,554 1,585 1,617 1,649 1,682 1,716 1,750 1,785 1,821 1,857 1,894 1,932 1,971 2,010 2,050 2,091 2,133 2,176 2,219 2,264 2,309 2,355 2,402 2,450 2,499 2,549 2,600 2,652 2,694 2,639 2,472
$ 70,366 71,773 73,209 74,673 76,166 77,690 79,244 80,828 82,445 84,094 85,776 87,491 89,241 91,026 92,846 94,703 96,597 98,529 100,500 102,510 104,560 106,651 108,784 110,960 113,179 115,443 117,752 120,107 122,509 124,959 127,458 130,007 132,608 135,260 137,386 134,601 126,062
$ 2,821 26,954 54,709 568 5,425 11,011 Page 11 of 15
Nine Mile Point Nuclear Station - Unit 2 - LIPA's 18% Portion (3 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
LIPA's 18% Portion of Radiological Decommissioning Expenditures in Year-End 2011 Dollars C = B x 1.1181 x 18%
2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D) 2048 2049 2050 2051 2052 2053 2054 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 2069 2070 2071 2072 2073 2074 2075 2076 2077 2078 2079 2080 2081 2082 2083 2084 126,062 127,498 128,964 130,459 129,045 127,412 129,499 131,627 133,799 136,013 138,273 140,577 142,927 145,325 147,770 150,264 152,808 155,403 158,050 160,750 163,503 166,312 168,958 171,876 174,839 177,801 180,850 183,971 187,147 190,385 193,598 196,788 200,043 203,362 206,748 210,202 213,724 5,283 5,283 5,283 19,596 20,531 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,247 2,251 2,246 3,312 2,246 2,311 2,606 2,470 2,416 2,450 2,462 2,897 3,319 3,319 3,319 3,319 3,319 3,319 3,319 1,063 1,063 1,063 3,944 4,132 452 452 452 452 452 452 452 452 452 452 452 452 452 452 453 452 667 452 465 525 497 486 493 496 583 668 668 668 668 668 668 668 2,500 2,529 2,558 2,530 2,498 2,539 2,581 2,624 2,667 2,711 2,756 2,802 2,850 2,897 2,946 2,996 3,047 3,099 3,152 3,206 3,261 3,313 3,370 3,428 3,486 3,546 3,607 3,670 3,733 3,796 3,859 3,922 3,987 4,054 4,122 4,191 4,261 127,498 128,964 130,459 129,045 127,412 129,499 131,627 133,799 136,013 138,273 140,577 142,927 145,325 147,770 150,264 152,808 155,403 158,050 160,750 163,503 166,312 168,958 171,876 174,839 177,801 180,850 183,971 187,147 190,385 193,598 196,788 200,043 203,362 206,748 210,202 213,724 217,317 Page 12 of 15
Nine Mile Point Nuclear Station - Unit 2 - LIPA's 18% Portion (3 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
2085 217,317 2086 220,982 2087 224,720 2088 228,533 2089 232,423 2090 236,171 2091 237,379 2092 227,956 2093 194,024 2094 161,046 2095 139,930 Totals and Ending Fund Balance Radiological Decommissioning Expenditures in 2009 Dollars B
3,319 3,319 3,319 3,319 4,385 17,126 69,028 187,501 179,550 118,552 380
$ 812,615 LIPA's 18% Portion of Radiological Decommissioning Expenditures in Year-End 2011 Dollars C = B x 1.1181 x 18%
668 668 668 668 883 3,447 13,892 37,736 36,136 23,860 77
$ 163,545 2.00%
Annual Trust Fund Earnings D =(A - C) x 2%
4,333 4,406 4,481 4,557 4,631 4,654 4,470 3,804 3,158 2,744 2,797
$ 235,830 Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D) 220,982 224,720 228,533 232,423 236,171 237,379 227,956 194,024 161,046 139,930 142,651
$ 142,651 Page 13 of 15
R. E. Ginna Nuclear Power Plant (2 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
Radiological Decommissioning Expenditures in Year-end 2011 Dollars C = B x 1.1843 2.00%
Annual Trust Fund Earnings D=(A-C)x2%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 274,398 279,886 285,484 291,193 297,017 302,958 309,017 315,197 321,501 327,931 334,490 341,179 348,003 354,963 362,062 369,304 376,690 376,353 346,275 328,285 330,124 332,001 333,914 334,718 319,792 323,430 327,141 330,925 334,785 338,723 342,739 346,836 351,014 355,276 359,624 363,257 366,847 6,515 31,130 20,626 3,913 3,913 3,913 4,863 17,897 2,283 2,283 2,283 2,283 2,283 2,283 2,283 2,283 2,283 2,283 2,946 3,042 3,042 7,716 36,867 24,427 4,634 4,634 4,634 5,759 21,196 2,704 2,704 2,704 2,704 2,704 2,704 2,704 2,704 2,704 2,704 3,489 3,603 3,603 5,488 5,598 5,710 5,824 5,940 6,059 6,180 6,304 6,430 6,559 6,690 6,824 6,960 7,099 7,241 7,386 7,379 6,790 6,437 6,473 6,510 6,547 6,563 6,270 6,342 6,415 6,489 6,564 6,642 6,720 6,801 6,883 6,966 7,051 7,123 7,193 7,265 Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D) 274,398 279,886 285,484 291,193 297,017 302,958 309,017 315,197 321,501 327,931 334,490 341,179 348,003 354,963 362,062 369,304 376,690 376,353 346,275 328,285 330,124 332,001 333,914 334,718 319,792 323,430 327,141 330,925 334,785 338,723 342,739 346,836 351,014 355,276 359,624 363,257 366,847 370,510 Page 14 of 15
R. E. Ginna Nuclear Power Plant (2 Pages)
Trust Fund Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Trust Fund Balance as Year of Beginning of Year A
Radiological Decommissioning Expenditures in 2009 Dollars B
Radiological Decommissioning Expenditures in Year-end 2011 Dollars C = B x 1.1843 2049 370,510 2050 373,819 2051 377,621 2052 381,498 2053 385,454 2054 389,488 2055 393,603 2056 397,801 2057 402,082 2058 406,449 2059 410,903 2060 415,447 2061 420,081 2062 424,808 2063 429,630 2064 434,547 2065 439,564 2066 444,680 2067 449,899 2068 455,223 2069 460,653 2070 465,765 2071 471,405 2072 477,159 2073 483,027 2074 489,013 2075 489,792 2076 471,274 2077 342,411 2078 190,006 Totals and Ending Fund Balance 3,395 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,042 3,395 3,042 3,042 3,042 3,042 7,452 23,438 114,479 131,833 58,715
$ 537,306 4,021 3,603 3,603 3,603 3,603 3,603 3,603 3,603 3,603 3,603 3,603 3,603 3,603 3,603 3,603 3,603 3,603 3,603 3,603 3,603 4,021 3,603 3,603 3,603 3,603 8,825 27,758 135,578 156,130 69,537
$ 636,331 2.00%
Annual Trust Fund Earnings D = (A - C) x 2%
7,330 7,404 7,480 7,558 7,637 7,718 7,800 7,884 7,970 8,057 8,146 8,237 8,330 8,424 8,521 8,619 8,719 8,822 8,926 9,032 9,133 9,243 9,356 9,471 9,588 9,604 9,241 6,714 3,726 2,409
$ 484,812 Radiological Decommissioning Trust Fund Balance as of End of Year E = (A - C + D) 373,819 377,621 381,498 385,454 389,488 393,603 397,801 402,082 406,449 410,903 415,447 420,081 424,808 429,630 434,547 439,564 444,680 449,899 455,223 460,653 465,765 471,405 477,159 483,027 489,013 489,792 471,274 342,411 190,006 122,879
$ 122,879 71 Page 15 of 15