ML12137A105

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Decommissioning Funding Status Report
ML12137A105
Person / Time
Site: Indian Point Entergy icon.png
Issue date: 05/29/2012
From: Christopher Regan
Division of Inspection and Regional Support
To: George Wilson
Plant Licensing Branch 1
Dusaniwskyj M
Shared Package
ML12137A040 List:
References
Download: ML12137A105 (4)


Text

Datasheet 1 Plant name: Indian Point, Unit 2 Docket Number: 50-247 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $482,114,017 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:

Entergy Nuclear Operations, Inc. 100.00% 1 $392,370,000 (includes $31,050,000 Provisional Trust) Total Trust Fund Balance $392,370,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) None 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 Rates Real Rate Allowed through Decom Allowed through Return on Escalation Rate Other Verified Needed Verified Determined of Return (Y/N) Decom (Y/N)

Earnings Factors (Y/N) (Y/N) (Y/N) (Y/N) 2.00% N Y N 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: Michael Dusaniwskyj Date: 04/20/2012 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 04/24/2012 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Indian Point, Unit 2 Docket Number: 50-247 Month: Day Year:

Date of Operation: 12 31 2011 Termination of Operations: 9 28 2013 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3216 $103,300,800 116.1 2.16 0.65 2.51 1.786 204.0 114.2 3.677 301.5 82.0 0.13 2.580 0.22 12.28 NRC Minimum: $482,259,785 Site Specific: $715,800,000 Amount of NRC Minimum/Site Licensee:  % Owned: Category Specific: Amount in Trust Fund:

Entergy Nuclear Operations, 100.00% 1 $715,800,000 $392,370,000 Inc.

Total Fund Balance: $392,370,000 Step 1:

Earnings Credit:

Real Rate of Years Left Trust Fund Balance: Return per year in License Total Earnings: Does Licensee Pass:

$392,370,000 2% 1.74 $406,139,667 NO Step 2:

Accumulation:

Value of Annuity per year Real Rate of Number of Annual (amount/See Annuity Sheet) Return per year Payments: Total Annuity:

2% $0 Real Rate of Years remaining after Total Annuity Return per year annuity Total Step 2:

$0 2% 1.74 $0 Total Step 1 + Step 2 Does Licensee Pass:

$406,139,667 NO Step 3:

Decom Period:

Real Rate of Decom Total Earnings for Total Earnings: Return per year Period: Decom:

$406,139,667 2% 7 $30,193,574 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$436,333,241 NO ($279,466,759)

Signature: Michael Dusaniwskyj Date: 04/20/2012 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 04/24/2012 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Indian Point, Unit 2 Docket Number: 50-247 Month: Day Year:

Date of Operation: 12 31 2011 Termination of Operations: 9 28 2013 If licensee is granted greater than 2% RRR Step 4:

Earnings Credit:

Real Rate of Years Left Trust Fund Balance: Return per year in License Total Earnings: Does Licensee Pass:

$392,370,000 2.00% 1.74 $406,139,667 NO Step 5:

Accumulation:

Real Rate of Number of Annual Value of Annuity per year Return per year Payments: Total Annuity:

$0 2.00% 0 $0 Real Rate of Years remaining after Total Annuity Return per year annuity Total Step 5

$0 2.00% 1.74 $0 Total Step 4 + Step 5 Does Licensee Pass:

$406,139,667 NO Step 6:

Decom Period:

Real Rate of Decom Total Earnings for Total Earnings: Return per year Period: Decom:

$406,139,667 2.00% 7 $30,193,574 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$436,333,241 NO ($279,466,759)

Signature: Michael Dusaniwskyj Date: 04/20/2012 Signature: Jo Ann Simpson Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 04/24/2012 Formulas verified by: Clayton Pittiglio

SAFSTOR ANALYSIS Name of Unit: Indian Point, Unit 2 Name of Licensee: Entergy Nuclear Operatons, Inc.

Date of Termination of Operations 9 28 2013 End of Operations Balance: $406,139,667 Operating Life Real Rate of Return: 2.00%

Decommissioning Real Rate of Return: 2.00%

Beginning Trust Expense Per Year End of Year Trust Year Contributions Real Rate of Return Fund Balance Plant Spent Fuel Fund Balance 2013 $404,055,188 $12,199,000 N/A 2.00% $399,815,302 2014 $399,815,302 $53,677,000 N/A 2.00% $353,597,838 2015 $353,597,838 $27,439,000 N/A 2.00% $332,956,404 2016 $332,956,404 $4,048,000 N/A 2.00% $335,527,053 2017 $335,527,053 $4,037,000 N/A 2.00% $338,160,224 2018 $338,160,224 $4,037,000 N/A 2.00% $340,846,058 2019 $340,846,058 $4,037,000 N/A 2.00% $343,585,609 2020 $343,585,609 $4,048,000 N/A 2.00% $346,368,841 2021 $346,368,841 $4,037,000 N/A 2.00% $349,218,848 2022 $349,218,848 $4,037,000 N/A 2.00% $352,125,855 2023 $352,125,855 $4,037,000 N/A 2.00% $355,091,002 2024 $355,091,002 $4,022,000 N/A 2.00% $358,130,602 2025 $358,130,602 $4,011,000 N/A 2.00% $361,242,104 2026 $361,242,104 $4,011,000 N/A 2.00% $364,415,837 2027 $364,415,837 $4,011,000 N/A 2.00% $367,653,043 2028 $367,653,043 $4,022,000 N/A 2.00% $370,943,884 2029 $370,943,884 $4,011,000 N/A 2.00% $374,311,652 2030 $374,311,652 $4,011,000 N/A 2.00% $377,746,775 2031 $377,746,775 $4,011,000 N/A 2.00% $381,250,600 2032 $381,250,600 $4,022,000 N/A 2.00% $384,813,392 2033 $384,813,392 $4,011,000 N/A 2.00% $388,458,550 2034 $388,458,550 $4,011,000 N/A 2.00% $392,176,611 2035 $392,176,611 $4,011,000 N/A 2.00% $395,969,033 2036 $395,969,033 $4,022,000 N/A 2.00% $399,826,194 2037 $399,826,194 $4,011,000 N/A 2.00% $403,771,608 2038 $403,771,608 $4,011,000 N/A 2.00% $407,795,930 2039 $407,795,930 $4,011,000 N/A 2.00% $411,900,739 2040 $411,900,739 $4,022,000 N/A 2.00% $416,076,533 2041 $416,076,533 $4,011,000 N/A 2.00% $420,346,954 2042 $420,346,954 $4,011,000 N/A 2.00% $424,702,783 2043 $424,702,783 $4,011,000 N/A 2.00% $429,145,729 2044 $429,145,729 $4,022,000 N/A 2.00% $433,666,423 2045 $433,666,423 $4,011,000 N/A 2.00% $438,288,642 2046 $438,288,642 $4,011,000 N/A 2.00% $443,003,305 2047 $443,003,305 $4,010,000 N/A 2.00% $447,813,271 2048 $447,813,271 $4,014,000 N/A 2.00% $452,715,396 2049 $452,715,396 $4,003,000 N/A 2.00% $457,726,674 2050 $457,726,674 $4,003,000 N/A 2.00% $462,838,178 2051 $462,838,178 $4,003,000 N/A 2.00% $468,051,911 2052 $468,051,911 $4,014,000 N/A 2.00% $473,358,810 2053 $473,358,810 $4,003,000 N/A 2.00% $478,782,956 2054 $478,782,956 $4,003,000 N/A 2.00% $484,315,585 2055 $484,315,585 $4,003,000 N/A 2.00% $489,958,867 2056 $489,958,867 $4,014,000 N/A 2.00% $495,703,904 2057 $495,703,904 $4,003,000 N/A 2.00% $501,574,952 2058 $501,574,952 $4,003,000 N/A 2.00% $507,563,421 2059 $507,563,421 $4,003,000 N/A 2.00% $513,671,659 2060 $513,671,659 $4,014,000 N/A 2.00% $519,890,953 2061 $519,890,953 $4,003,000 N/A 2.00% $526,245,742 2062 $526,245,742 $4,003,000 N/A 2.00% $532,727,626 2063 $532,727,626 $4,003,000 N/A 2.00% $539,339,149 2064 $539,339,149 $27,041,000 N/A 2.00% $522,814,522 2065 $522,814,522 $60,490,000 N/A 2.00% $472,175,912 2066 $472,175,912 $181,862,000 N/A 2.00% $297,938,811 2067 $297,938,811 $77,860,000 N/A 2.00% $225,258,987 2068 $225,258,987 $27,237,000 N/A 2.00% $202,254,797 2069 $202,254,797 $6,526,000 N/A 2.00% $199,708,633 2070 $199,708,633 $6,526,000 N/A 2.00% $197,111,545 2071 $197,111,545 $6,526,000 N/A 2.00% $194,462,516 2072 $194,462,516 $7,067,000 N/A 2.00% $191,214,096 2073 $191,214,096 $28,624,000 N/A 2.00% $165,220,202 Signature: Michael Dusaniwskyj Date: 04/20/2012 Signature: Jo Ann Simpson Date: 04/24/2012