RS-12-088, Response to Request for Additional Information, Exelon NRC Minimum Calculations
| ML12142A338 | |
| Person / Time | |
|---|---|
| Site: | Limerick  |
| Issue date: | 05/21/2012 |
| From: | Exelon Generation Co, Exelon Nuclear |
| To: | Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML121420477 | List: |
| References | |
| RS-12-088 | |
| Download: ML12142A338 (6) | |
Text
Generic Inputs Analysis Year 2012 Current Funding Date 01/01/12 PAPUC-Allowed RROR for PECO Units 3.00%
Funding Date 1
(1 = month-end, 2 = intra month)
Shutdown Assumption 1
(1 = actual date, 2 = BOY)
Cost Escalation/Fund Earnings 1
(1 = NRC RROR, 2 = variable)
License Term 1
(1 = current license, 2 = license renewal)
Minimum Formula Escalation Factors Employment Cost Index, Total compensation, Private Industry, Index number - U.S. Bureau of Labor Statistics (www.bls.gov)
Northeast - CIU2010000000210I 115.7 3Q 2011 value Producer Price Index, Fuels and related products - U.S. Bureau of Labor Statistics (www.bls.gov)
Industrial Electric Power - WPU0543 205.1 November 2011 preliminary value Light Fuel Oils - WPU0573 323.7 November 2011 preliminary value LLW Burial/Disposition Cost Adjustment - NUREG-1307, Revision 14, November 2010 Perecent Direct Disposal with Vendors 100%
Escalation from NUREG-1307 value (mid-year) 3.50%
Direct Disposal BWR's (Generic Disposal Site) 24.356 Direct Disposal with Vendors BWR's (Generic Disposal Site) 12.540 Combined LLRW Burial Disposal Costs BWR's (Generic Disposal Site) 13.205
Exelon Generation Strictly Confidential Exelon NRC Minimum Calculations 1-Jan-2012 Required Formula-Site Specific Current Total Current Total Radiological Radiological Value of Amount Amount Radiological Spent Fuel Funding Funding Financial Scenario Current License NRC Minimum NRC Minimum Funding Funding at Shutdown at Shutdown Guarantees NRC Minim Unit Reported Scenario Expiration (million, $)
(million, $)
(million, $)
(million, $)
(million, $)
(million, $)
(million, $)
Formula Limerick 1 NRC Formula NRC Formula 26-Oct-24 660.4 601.5 256.5 489.4 604.1 (114.7)
Radio ML12142A338.xls
Exelon Generation Strictly Confidential SF Management Funding Trust Fund with Financial Excess/(Shortfall) only Guarantees Today (million, $)
(% at shutdown)
(% at shutdown) 189.6 81%
81%
, $)
Percent Funded ML12142A338.xls
Cost Escalation Study Basis Date: 7/1/2011
Reference:
2011 Financial Escalation Analysis of the Decommissioning Costs for the Nuclear Stataions of Exelon Generation, TLG Document E16-1439-002, Revision 8, August 2011 Additonal Additional Total TLG Study TLG Estimate TLG Average Annual Escalation from Adjustment Adjustment Factor Unit Study Year Doc. No.
Rev. No.
Study Year Dollars Estimate 2011$
Escalation Rate Escalation Study Into 2012$
Into 2012$
Limerick 1 2008 E16-1555-009 1
662.32 695.66 1.022540 1.011207 1.0000 1.0621 1
2 3
4 5
6 7
8 9
Escalation_Earnings Annual Annual Annual Cumulative Annual Cumulative Annual Cumulative Cost Trust Fund Cost Cost Trust Fund Trust Fund Trust Fund Trust Fund Year Escalation Earnings Escalation Escalation Earnings 2%
Earnings Earnings 3%
Earnings 2012 3.00%
5.00%
3.00%
3.00%
5.00%
5.00%
5.00%
5.00%
2013 3.00%
5.00%
3.00%
6.09%
5.00%
10.25%
5.00%
10.25%
2014 3.00%
5.00%
3.00%
9.27%
5.00%
15.76%
5.00%
15.76%
2015 3.00%
5.00%
3.00%
12.55%
5.00%
21.55%
5.00%
21.55%
2016 3.00%
5.00%
3.00%
15.93%
5.00%
27.63%
5.00%
27.63%
2017 3.00%
5.00%
3.00%
19.41%
5.00%
34.01%
5.00%
34.01%
2018 3.00%
5.00%
3.00%
22.99%
5.00%
40.71%
5.00%
40.71%
2019 3.00%
5.00%
3.00%
26.68%
5.00%
47.75%
5.00%
47.75%
2020 3.00%
5.00%
3.00%
30.48%
5.00%
55.13%
5.00%
55.13%
2021 3.00%
5.00%
3.00%
34.39%
5.00%
62.89%
5.00%
62.89%
2022 3.00%
5.00%
3.00%
38.42%
5.00%
71.03%
5.00%
71.03%
2023 3.00%
5.00%
3.00%
42.58%
5.00%
79.59%
5.00%
79.59%
2024 3.00%
5.00%
3.00%
46.85%
5.00%
88.56%
5.00%
88.56%
2025 3.00%
5.00%
3.00%
51.26%
5.00%
97.99%
5.00%
97.99%
2026 3.00%
5.00%
3.00%
55.80%
5.00%
107.89%
5.00%
107.89%
2027 3.00%
5.00%
3.00%
60.47%
5.00%
118.29%
5.00%
118.29%
2028 3.00%
5.00%
3.00%
65.28%
5.00%
129.20%
5.00%
129.20%
2029 3.00%
5.00%
3.00%
70.24%
5.00%
140.66%
5.00%
140.66%
2030 3.00%
5.00%
3.00%
75.35%
5.00%
152.70%
5.00%
152.70%
2031 3.00%
5.00%
3.00%
80.61%
5.00%
165.33%
5.00%
165.33%
2032 3.00%
5.00%
3.00%
86.03%
5.00%
178.60%
5.00%
178.60%
2033 3.00%
5.00%
3.00%
91.61%
5.00%
192.53%
5.00%
192.53%
2034 3.00%
5.00%
3.00%
97.36%
5.00%
207.15%
5.00%
207.15%
2035 3.00%
5.00%
3.00%
103.28%
5.00%
222.51%
5.00%
222.51%
2036 3.00%
5.00%
3.00%
109.38%
5.00%
238.64%
5.00%
238.64%
2037 3.00%
5.00%
3.00%
115.66%
5.00%
255.57%
5.00%
255.57%
2038 3.00%
5.00%
3.00%
122.13%
5.00%
273.35%
5.00%
273.35%
2039 3.00%
5.00%
3.00%
128.79%
5.00%
292.01%
5.00%
292.01%
2040 3.00%
5.00%
3.00%
135.66%
5.00%
311.61%
5.00%
311.61%
2041 3.00%
5.00%
3.00%
142.73%
5.00%
332.19%
5.00%
332.19%
2042 3.00%
5.00%
3.00%
150.01%
5.00%
353.80%
5.00%
353.80%
2043 3.00%
5.00%
3.00%
157.51%
5.00%
376.49%
5.00%
376.49%
2044 3.00%
5.00%
3.00%
165.23%
5.00%
400.32%
5.00%
400.32%
2045 3.00%
5.00%
3.00%
173.19%
5.00%
425.33%
5.00%
425.33%
2046 3.00%
5.00%
3.00%
181.39%
5.00%
451.60%
5.00%
451.60%
2047 3.00%
5.00%
3.00%
189.83%
5.00%
479.18%
5.00%
479.18%
2048 3.00%
5.00%
3.00%
198.52%
5.00%
508.14%
5.00%
508.14%
2049 3.00%
5.00%
3.00%
207.48%
5.00%
538.55%
5.00%
538.55%
2050 3.00%
5.00%
3.00%
216.70%
5.00%
570.48%
5.00%
570.48%
2051 3.00%
5.00%
3.00%
226.20%
5.00%
604.00%
5.00%
604.00%
2052 3.00%
5.00%
3.00%
235.99%
5.00%
639.20%
5.00%
639.20%
2053 3.00%
5.00%
3.00%
246.07%
5.00%
676.16%
5.00%
676.16%
2054 3.00%
5.00%
3.00%
256.45%
5.00%
714.97%
5.00%
714.97%
2055 3.00%
5.00%
3.00%
267.15%
5.00%
755.72%
5.00%
755.72%
2056 3.00%
5.00%
3.00%
278.16%
5.00%
798.50%
5.00%
798.50%
2057 3.00%
5.00%
3.00%
289.50%
5.00%
843.43%
5.00%
843.43%
2058 3.00%
5.00%
3.00%
301.19%
5.00%
890.60%
5.00%
890.60%
2059 3.00%
5.00%
3.00%
313.23%
5.00%
940.13%
5.00%
940.13%
2060 3.00%
5.00%
3.00%
325.62%
5.00%
992.13%
5.00%
992.13%
2061 3.00%
5.00%
3.00%
338.39%
5.00%
1046.74%
5.00%
1046.74%
2062 3.00%
5.00%
3.00%
351.54%
5.00%
1104.08%
5.00%
1104.08%
2063 3.00%
5.00%
3.00%
365.09%
5.00%
1164.28%
5.00%
1164.28%
2064 3 00%
5 00%
3 00%
379 04%
5 00%
1227 49%
5 00%
1227 49%
TLG Cost Escalation Variable Cost Escalation/Fund Earnings 2064 3.00%
5.00%
3.00%
379.04%
5.00%
1227.49%
5.00%
1227.49%
2065 3.00%
5.00%
3.00%
393.41%
5.00%
1293.87%
5.00%
1293.87%
2066 3.00%
5.00%
3.00%
408.21%
5.00%
1363.56%
5.00%
1363.56%
2067 3.00%
5.00%
3.00%
423.46%
5.00%
1436.74%
5.00%
1436.74%
2068 3.00%
5.00%
3.00%
439.17%
5.00%
1513.58%
5.00%
1513.58%
2069 3.00%
5.00%
3.00%
455.34%
5.00%
1594.26%
5.00%
1594.26%
2070 3.00%
5.00%
3.00%
472.00%
5.00%
1678.97%
5.00%
1678.97%
2071 3.00%
5.00%
3.00%
489.16%
5.00%
1767.92%
5.00%
1767.92%
2072 3.00%
5.00%
3.00%
506.84%
5.00%
1861.31%
5.00%
1861.31%
2073 3.00%
5.00%
3.00%
525.04%
5.00%
1959.38%
5.00%
1959.38%
2074 3.00%
5.00%
3.00%
543.79%
5.00%
2062.35%
5.00%
2062.35%
2075 3.00%
5.00%
3.00%
563.11%
5.00%
2170.47%
5.00%
2170.47%
2076 3.00%
5.00%
3.00%
583.00%
5.00%
2283.99%
5.00%
2283.99%
2077 3.00%
5.00%
3.00%
603.49%
5.00%
2403.19%
5.00%
2403.19%
2078 3.00%
5.00%
3.00%
624.59%
5.00%
2528.35%
5.00%
2528.35%
2079 3.00%
5.00%
3.00%
646.33%
5.00%
2659.77%
5.00%
2659.77%
2080 3.00%
5.00%
3.00%
668.72%
5.00%
2797.75%
5.00%
2797.75%
2081 3.00%
5.00%
3.00%
691.78%
5.00%
2942.64%
5.00%
2942.64%
2082 3.00%
5.00%
3.00%
715.54%
5.00%
3094.77%
5.00%
3094.77%
2083 3.00%
5.00%
3.00%
740.00%
5.00%
3254.51%
5.00%
3254.51%
2084 3.00%
5.00%
3.00%
765.20%
5.00%
3422.24%
5.00%
3422.24%
2085 3.00%
5.00%
3.00%
791.16%
5.00%
3598.35%
5.00%
3598.35%
2086 3.00%
5.00%
3.00%
817.89%
5.00%
3783.27%
5.00%
3783.27%
2087 3.00%
5.00%
3.00%
845.43%
5.00%
3977.43%
5.00%
3977.43%
2088 3.00%
5.00%
3.00%
873.79%
5.00%
4181.30%
5.00%
4181.30%
2089 3.00%
5.00%
3.00%
903.01%
5.00%
4395.37%
5.00%
4395.37%
2090 3.00%
5.00%
3.00%
933.10%
5.00%
4620.14%
5.00%
4620.14%
2091 3.00%
5.00%
3.00%
964.09%
5.00%
4856.14%
5.00%
4856.14%
2092 3.00%
5.00%
3.00%
996.01%
5.00%
5103.95%
5.00%
5103.95%
2093 3.00%
5.00%
3.00%
1028.89%
5.00%
5364.15%
5.00%
5364.15%
2094 3.00%
5.00%
3.00%
1062.76%
5.00%
5637.36%
5.00%
5637.36%
2095 3.00%
5.00%
3.00%
1097.64%
5.00%
5924.22%
5.00%
5924.22%
2096 3.00%
5.00%
3.00%
1133.57%
5.00%
6225.44%
5.00%
6225.44%
2097 3.00%
5.00%
3.00%
1170.58%
5.00%
6541.71%
5.00%
6541.71%
2098 3.00%
5.00%
3.00%
1208.70%
5.00%
6873.79%
5.00%
6873.79%
2099 3.00%
5.00%
3.00%
1247.96%
5.00%
7222.48%
5.00%
7222.48%
2100 3.00%
5.00%
3.00%
1288.39%
5.00%
7588.61%
5.00%
7588.61%
2101 3.00%
5.00%
3.00%
1330.05%
5.00%
7973.04%
5.00%
7973.04%
2102 3.00%
5.00%
3.00%
1372.95%
5.00%
8376.69%
5.00%
8376.69%
average 3.00%
5.00%
5.00%
Exelon Nuclear Confidential and Proprietary Market Value Market Value
% Change in M.V.
Unit Tax Qual Non Tax Qual Total Tax Qualified Limerick 1
$251,886,119.13
$4,654,479.30
$256,540,598.43 5/22/2012 8:11 AM
Exelon Nuclear Confidential and Proprietary
% Change in M.V.
Market Value Market Value Monthly Non Tax Qualified Tax Qual Non Tax Qual Total Increase/(Decrease)
$251,886,119.13
$4,654,479.30
$256,540,598.43
$0.00 Intra-Month Estimate 5/22/2012 8:11 AM
Exelon Nuclear Confidential and Proprietary PECO Additio Year of Deposit Limerick 1 26-Oct-24 Funding 2008 2009 2010 2011 2012 7,170 2013 8,041 2014 8,041 2015 8,041 2016 8,041 2017 8,041 2018 8,041 2019 8,041 2020 8,041 2021 8,041 2022 8,041 2023 8,041 2024 2025 2026 2027 2028 2029 2030 2031 Contributions 2032 2033 2034 2035 Annual Funding 95,621 5/22/2012 8:11 AM
Cost Estimate Date 1/1/2008 R
Current Trust Fund Value 256,541 T
Value of Future Contributions 115,444 Value of Fut Shutdown Date 10/26/2024 Earnings Credit Years to Shutdown 12.83 Projected Trust Fund Amount at sh Trust Fund Value (shutdown) 489,409 Decommissioning Perio Cost Escalation (through 2012) 6.21%
Total Projected Trust Fund A Real Rate of Return 3.00%
Di Total Cost Flag (1 - 4) 1 Trust Fund Flag 1
Minimum Required Funding at Term Radiological Spent Fuel Site Total Decommissioning Management Restoration Decommissioning Cost Cost Cost Cost 2008 dollars 2008 dollars 2008 dollars 2008 dollars Year (thousands)
(thousands)
(thousands)
(thousands) 2024 8,230 2,655 8,230 2025 61,687 13,628 61,687 2026 19,915 12,355 19,915 2027 2,544 13,460 2,544 2028 2,551 13,497 2,551 2029 2,544 13,460 2,544 2030 2,544 13,460 2,544 2031 2,544 13,460 2,544 2032 2,546 7,344 2,546 2033 2,534 171 2,534 2034 2,534 171 2,534 2035 2,534 171 2,534 N
2036 2,541 171 2,541 2037 2,534 171 2,534 2038 2,534 171 2,534 2039 2,534 171 2,534 2040 2,541 171 2,541 2041 2,534 171 2,534 2042 2,534 171 2,534 2043 2,534 1,392 2,534 2044 2,541 1,896 2,541 2045 2,534 1,896 2,534 2046 2,534 1,896 2,534 2047 2,534 1,896 2,534 2048 2,541 1,896 2,541 2049 2,534 1,895 2,534 2050 2,513 2,513 2051 2,513 2,513 2052 2,520 2,520 2053 2,513 2,513 2054 2,513 2,513 2055 2,513 2,513 2056 2,520 2,520
2057 2,513 2,513 2058 2,513 2,513 2059 2,513 2,513 2060 2,520 2,520 2061 2,513 2,513 2062 2,513 2,513 2063 2,513 2,513 2064 2,520 2,520 2065 2,513 2,513 2066 2,513 2,513 2067 2,513 2,513 2068 2,520 2,520 2069 2,513 2,513 2070 2,513 2,513 2071 2,513 2,513 2072 2,520 2,520 2073 2,513 2,513 2074 2,513 2,513 2075 2,513 2,513 2076 2,520 2,520 2077 2,513 2,513 2078 4,201 23 4,201 2079 44,416 573 44,416 2080 102,012 694 102,012 2081 104,457 1,014 1,142 104,457 2082 66,054 2,221 1,855 66,054 2083 2,025 2,025 2084 24,313 79 4,515 24,313 2085 106 440 24,971 106 2086 95 396 22,508 95 Total 566,314 121,940 56,282 566,314 Percent 76.06%
16.38%
7.56%
Required Minimum (1) 660,390 Trust Fund Amount (2) 256,541 ure Contributions (2a) 115,444 through shutdown (3) 117,424 hutdown (4) = (2) + (3) 489,409 od Earnings Credit (5) 56,251 Amount (6) = (4) + (5) 545,660 fference (7) = (6) - (1)
(114,730) mination of Operations 220,419 Total Total BOY BOY Decommissioning Decommissioning Trust Trust Fund Trust Cost Cost Fund Value Fund 2012 dollars YOE dollars Value Less Cost Earnings (thousands)
(thousands)
(thousands)
(thousands)
(thousands) 8,741 8,741 489,409 480,668 14,420 65,519 65,519 495,088 429,569 12,887 21,152 21,152 442,456 421,304 12,639 2,702 2,702 433,944 431,242 12,937 2,709 2,709 444,179 441,470 13,244 2,702 2,702 454,714 452,013 13,560 2,702 2,702 465,573 462,872 13,886 2,702 2,702 476,758 474,056 14,222 2,704 2,704 488,278 485,574 14,567 2,692 2,692 500,141 497,449 14,923 2,692 2,692 512,373 509,681 15,290 2,692 2,692 524,971 522,280 15,668 NRC Minimum Formula 2,699 2,699 537,948 535,249 16,057 2,692 2,692 551,306 548,615 16,458 2,692 2,692 565,073 562,382 16,871 2,692 2,692 579,253 576,561 17,297 2,699 2,699 593,858 591,159 17,735 2,692 2,692 608,894 606,202 18,186 2,692 2,692 624,388 621,697 18,651 2,692 2,692 640,347 637,656 19,130 2,699 2,699 656,785 654,086 19,623 2,692 2,692 673,709 671,017 20,131 2,692 2,692 691,148 688,456 20,654 2,692 2,692 709,110 706,418 21,193 2,699 2,699 727,611 724,912 21,747 2,692 2,692 746,659 743,967 22,319 2,669 2,669 766,286 763,617 22,909 2,669 2,669 786,525 783,856 23,516 2,677 2,677 807,372 804,695 24,141 2,669 2,669 828,836 826,166 24,785 2,669 2,669 850,951 848,282 25,448 2,669 2,669 873,730 871,061 26,132 2,677 2,677 897,193 894,516 26,835
2,669 2,669 921,351 918,682 27,560 2,669 2,669 946,242 943,573 28,307 2,669 2,669 971,880 969,211 29,076 2,677 2,677 998,287 995,610 29,868 2,669 2,669 1,025,479 1,022,809 30,684 2,669 2,669 1,053,493 1,050,824 31,525 2,669 2,669 1,082,349 1,079,679 32,390 2,677 2,677 1,112,070 1,109,393 33,282 2,669 2,669 1,142,675 1,140,005 34,200 2,669 2,669 1,174,205 1,171,536 35,146 2,669 2,669 1,206,682 1,204,012 36,120 2,677 2,677 1,240,133 1,237,456 37,124 2,669 2,669 1,274,580 1,271,910 38,157 2,669 2,669 1,310,068 1,307,398 39,222 2,669 2,669 1,346,620 1,343,951 40,319 2,677 2,677 1,384,269 1,381,592 41,448 2,669 2,669 1,423,040 1,420,371 42,611 2,669 2,669 1,462,982 1,460,312 43,809 2,669 2,669 1,504,122 1,501,452 45,044 2,677 2,677 1,546,496 1,543,819 46,315 2,669 2,669 1,590,134 1,587,464 47,624 4,461 4,461 1,635,088 1,630,627 48,919 47,175 47,175 1,679,546 1,632,371 48,971 108,348 108,348 1,681,342 1,572,994 47,190 110,944 110,944 1,620,184 1,509,240 45,277 70,157 70,157 1,554,517 1,484,360 44,531 2,151 2,151 1,528,891 1,526,740 45,802 25,823 25,823 1,572,542 1,546,719 46,402 112 112 1,593,120 1,593,008 47,790 101 101 1,640,798 1,640,697 49,221 601,488 601,488 1,801,997
EOY Trust Fund Value (thousands) 495,088 442,456 433,944 444,179 454,714 465,573 476,758 488,278 500,141 512,373 524,971 537,948 551,306 565,073 579,253 593,858 608,894 624,388 640,347 656,785 673,709 691,148 709,110 727,611 746,659 766,286 786,525 807,372 828,836 850,951 873,730 897,193 921,351
946,242 971,880 998,287 1,025,479 1,053,493 1,082,349 1,112,070 1,142,675 1,174,205 1,206,682 1,240,133 1,274,580 1,310,068 1,346,620 1,384,269 1,423,040 1,462,982 1,504,122 1,546,496 1,590,134 1,635,088 1,679,546 1,681,342 1,620,184 1,554,517 1,528,891 1,572,542 1,593,120 1,640,798 1,689,918 270,369 PV at shutdown 189,632 PV