ML21084A809

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Entergy Operations, Inc - Decommissioning Funding Status Report Per 10 CFR 50.75(f)(1)
ML21084A809
Person / Time
Site: Grand Gulf, Arkansas Nuclear, River Bend, Waterford  Entergy icon.png
Issue date: 03/25/2021
From: Couture P
Entergy Operations
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
CNRO2021-00005
Download: ML21084A809 (46)
v • d • e


Text

Entergy Operations, Inc.

1340 Echelon Parkway Jackson, MS 39213 Tel 601-368-5102 Phil Couture Sr. Manager, Fleet Regulatory Assurance 10 CFR 50.75(f)(1)

CNRO2021-00005 March 25, 2021 ATTN: Document Control Desk U.S. Nuclear Regulatory Commission Washington, DC 20555-0001

Subject:

Decommissioning Funding Status Report per 10 CFR §50.75(f)(1) -

Entergy Operations, Inc.

Arkansas Nuclear One, Units 1 and 2 NRC Docket Nos. 50-313 and 50-368 Renewed Facility Operating License Nos. DPR-51 and NPF-6 Grand Gulf Nuclear Station, Unit 1 NRC Docket No. 50-416 Renewed Facility Operating License No. NPF-29 Waterford Steam Electric Station, Unit 3 NRC Docket No. 50-382 Renewed Facility Operating License No. NPF-38 River Bend Station, Unit 1 NRC Docket No. 50-458 Renewed Facility Operating License No. NPF-47

References:

1) NUREG-1307, "Report on Waste Burial Charges," Revision 18, dated January 2021.
2) NRC Regulatory Issue Summary 2001-07, "10 CFR 50.75(f)(1) Reports on the Status of Decommissioning Funds (Due March 31, 2001)."

10 CFR 50.75(f)(1) requires each power reactor licensee to report to the NRC by March 31, 1999, and every two years thereafter, on the status of its decommissioning funding for each reactor, or share of a reactor, that it owns. On behalf of Entergy Arkansas, LLC for Arkansas Nuclear One (ANO), System Entergy Resources, Inc. (SERI) and Cooperative Energy (formerly South Mississippi Electric Power Association (SMEPA)) for Grand Gulf Nuclear Station (GGNS), Entergy Louisiana, LLC for River Bend Station (RBS) and Waterford 3 Steam Electric Station (WF3), Entergy Operations, Inc. hereby submits the information requested for power reactors operated by Entergy Operations, Inc.

The estimated minimum decommissioning fund values were determined using the NRCs methodology in NUREG-1307, Rev 18.

CNRO2021-00005 Page 2 of 4 The 70 percent regulated interest of RBS contains funds accumulated for separate rate regulatory jurisdictions. There are not separate trust funds for the individual jurisdictions responsible for decommissioning of the 70 percent regulated share of RBS. Balances in the nuclear decommissioning trust for the 70 percent regulated share of RBS attributable to the separate jurisdictions are accounted for by the Trustee, The Bank of New York Mellon. The following information provides the balances in the 70 percent regulated share trust attributable to each of the relevant jurisdictions as of December 31, 2020:

Louisiana

$257,076,327 Texas

$292,221,342 FERC

$ 15,727,501 The trust fund amounts reported for each facility in the responses to item 3 in the attachments represent the market value of decommissioning trust funds as of December 31, 2020 net of any material current income tax liability on realized gains, interest, dividends and other income of the trusts. Cooperative Energy is a not-for-profit electric cooperative, and is exempt from federal income tax. Accordingly, the amounts reported as of December 31, 2020 of funds separately accumulated by Cooperative Energy for GGNS decommissioning were after-tax amounts. The trusts for the following plants had balances on their 2020 tax liabilities (in thousands), not reflected in the trust fund balances, as follows (does not include Cooperative Energy):

ANO $ 0 GGNS $ 0 RBS

$ 0 WF3

$ 0 In accordance with guidance provided by the NRC Staff in April 2014 requests for additional information (Accession No. ML14120A273) that [f]uture 10 CFR 50.75(f) reports should clearly delineate estimated reactor and ISFSI decommissioning costs, the information in Attachments 1-4 includes line item 2 identifying the ISFSI decommissioning obligation, from the most recent 10 CFR 72.30 filing. This obligation is also accounted for in the Excess/Shortfall calculations for each plant in Attachment 5.

The information provided in Attachments 1-4 is based on NRC Regulatory Issue Summary 2001-07. Consistent with your letter dated March 11, 2011 (Accession No. ML110280410),

we are providing with this submittal or incorporating by reference certain agreements providing for original (not resale) nuclear plant power sales (that may, from time to time, include decommissioning collections) between Entergy operating companies that invoke Federal Energy Regulatory Commission (FERC) tariffs. Considering these agreements and the applicable NRC regulations, Entergy respectfully asserts that these rate-making tariffs should not be viewed as contractual obligations as that term is used within 10 CFR 50.75(e)(1)(v).

These arrangements describe exchanges among regulated utilities that operate within the confines of a FERC-approved tariff, under the ratemaking jurisdiction of the FERC. As such, the various agreements are simply extensions of the FERC tariff and not the type of contractual obligations contemplated by 10 CFR 50.75(e)(1)(v), and Entergys decommissioning funding is still provided by the external sinking fund method in accordance with 10 CFR 50.75(e)(1)(ii). In an abundance of caution and in a spirit of cooperation, however, Entergy is providing or incorporating various tariff agreements for each affected plant.

CNRO2021-00005 Page 3 of 4 Additionally, Attachment 5 includes Minimum Funding Assurance calculation worksheets (not required for this filing) derived from Datasheet 4 of LIC-205 Revision 6 for the plants, provided for the convenience of the reviewer.

The aforementioned worksheets, using the December 31, 2020 trust fund balances, indicate that all of the plants covered by this submittal met or exceeded the NRCs funding requirements.

This submittal contains no new regulatory commitments. Should you have any questions or require additional information, please contact me at 601-368-5102.

Respectfully, Phil Couture PC/LJS/chm Attachments:

1.

Entergy Arkansas, LLC - ANO 1 & 2 Status Reports 1-A Entergy Arkansas, LLC - Calculation of Minimum Amount

2.

SERI & Cooperative Energy - GGNS Status Report 2-A SERI & Cooperative Energy - Calculation of Minimum Amount

3.

Entergy Louisiana, LLC RBS Status Report - 70% Regulated 3-A Entergy Louisiana, LLC - Calculation of Minimum Amount 3-B Schedule of Remaining Principal Payments - RBS 3-C Entergy Louisiana, LLC RBS Status Report - 30% Non-Regulated

4.

Entergy Louisiana, LLC - Waterford 3 Status Report 4-A Entergy Louisiana, LLC - Calculation of Minimum Amount 4-B Schedule of Remaining Principal Payments - Waterford 3 4-C Waterford 3 Purchase Power Agreement

5.

Minimum Funding Assurance Calculation Worksheets

CNRO2021-00005 Page 4 of 4 cc:

NRC Region IV Regional Administrator NRC Senior Resident Inspector - ANO NRC Senior Resident Inspector - GGN NRC Senior Resident Inspector - RBS NRC Senior Resident Inspector - WF3 NRC Project Manager ANO NRC Project Manager GGN NRC Project Manager RBS NRC Project Manager WF3 Arkansas Department of Health Mississippi Department of Health Louisiana Department of Environmental Quality

CNRO2021-00005 Entergy Arkansas, LLC - ANO 1 & 2 Status Reports

CNRO2021-00005 Page 1 of 2 ENTERGY ARKANSAS, LLC Status Report of Decommissioning Funding For Year Ending December 31, 2020 - 10 CFR 50.75(f)(1)

Plant Name: Arkansas Nuclear One Unit 1 (ANO 1)

1. Minimum Financial Assurance (MFA)

Estimated per 10 CFR 50.75(b) and (c) (2020$):

$478.3 million1

2. ISFSI Obligation as of 12/31/20

$7.8 million2

3. Decommissioning Trust Fund Total As of 12/31/20:

$702.4 million

4. Annual amounts remaining to be collected:

$03

5. 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 2% annual real rate of return per 10 CFR 50.75(e)(1)(i)
6. Contracts upon which licensee is relying For Decommissioning Funding:

See Footnote4

7. Modifications to Method of Financial Assurance since Last Report:

None

8. Material Changes to Trust Agreements:

None 1

See Attachment 1-A 2

From Entergys ISFSI Decommissioning Funding Plans Pursuant to 10 CFR 72.30, December 17, 2018 (Accession No. ML18351A491), escalated at 3% per annum to account for inflation. The ISFSI obligation is shared equally between ANO 1 and ANO 2.

3 Decommissioning funding has been suspended by the Arkansas Public Service Commission in Docket No. 87-166-TF. The NRC has granted license renewal to May 20, 2034.

4 See the agreements provided as Attachment 1-C in the decommissioning financial assurance filing dated March 28, 2019, NRC Accession No. ML19087A327, incorporated herein by reference. The licensee believes these contracts do not qualify as contractual obligations, but rather are simply cost of service recovery mechanisms as defined in 10 CFR §50.75(e)(1)(ii)(A). Out of an abundance of caution, the licensee identifies this information here. By FERC Order dated March 21, 2019, these agreements were modified to substitute Entergy Arkansas, LLC for Entergy Arkansas, Inc. The amended agreements were accepted by FERC in a letter order dated March 21, 2019.

CNRO2021-00005 Page 2 of 2 ENTERGY ARKANSAS, LLC Status Report of Decommissioning Funding For Year Ending December 31, 2020 - 10 CFR 50.75(f)(1)

Plant Name: Arkansas Nuclear One Unit 2 (ANO 2)

1. Minimum Financial Assurance (MFA)

Estimated per10 CFR 50.75(b) and (c) (2020$):

$498 million5

2. ISFSI Obligation as of 12/31/20

$7.8 million6

3. Decommissioning Fund Total As of 12/31/20:

$571.6 million

4. Annual amounts remaining to be collected:

$07

5. 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:

2% annual real rate of return per 10 CFR 50.75(e)(1)(i)

6. Contracts upon which licensee is relying See Footnote8 For Decommissioning Funding:
7. Modifications to Method of Financial Assurance since Last Report:

None

8. Material Changes to Trust Agreements:

None 5

See Attachment 1-A 6

From Entergys ISFSI Decommissioning Funding Plans Pursuant to 10 CFR 72.30, December 17, 2018 (Accession No. ML18351A491), escalated at 3% per annum to account for inflation. The ISFSI obligation is shared equally between ANO 1 and ANO 2.

7 Decommissioning funding has been suspended by the Arkansas Public Service Commission in Docket No. 87-166-TF. The NRC has granted license renewal to July 17, 2038.

8 See the agreements provided as Attachment 1-C in the decommissioning financial assurance filing dated March 28, 2019, NRC Accession No. ML19087A327, incorporated herein by reference. The licensee believes these contracts do not qualify as contractual obligations, but rather are simply cost of service recovery mechanisms as defined in 10 CFR §50.75(e)(1)(ii)(A). Out of an abundance of caution, the licensee identifies this information here. By FERC Order dated March 21, 2019, these agreements were modified to substitute Entergy Arkansas, LLC for Entergy Arkansas, Inc. The amended agreements were accepted by FERC in a letter order dated March 21, 2019.

-A CNRO2021-00005 Entergy Arkansas, LLC - Calculation of Minimum Amount

CNRO2021-00005 -A Page 1 of 1 ENTERGY ARKANSAS, LLC Calculation for Minimum Amount - ANO For Year Ending December 31, 2020 - 10 CFR 50.75(f)(1)

Entergy Arkansas, Inc.:

100% ownership interest Plant Location:

Russellville, Arkansas Reactor Type:

Pressurized Water Reactor (PWR)

ANO Unit 1 Power Level:

<3,400 MWt (2,568 MWt)

ANO Unit 1 PWR Base Year 1986$:

$97,598,400 ANO Unit 2 Power Level:

<3,400 MWt (3,026 MWt)

ANO Unit 2 PWR Base Year 1986$:

$101,628,800 Labor Region:

South Waste Burial Facility:

Generic Disposal Site 10 CFR 50.75(c)(2) Escalation Factor Formula:

0.65(L) +0.13(E) +0.22(B)

Factor L=Labor (South) 2.769 E=Energy (PWR) 2.2610 B=Waste Burial-Vendor (PWR) 12.79311 PWR Escalation Factor:

0.65(L) +0.13(E) +0.22(B)=

4.900586 1986 PWR Base Year $ Escalated:

ANO1: $97,598,400

  • Factor=

$478,289,367 ANO2: $101,628,800

  • Factor=

$498,040,690 9

Bureau of Labor Statistics, Series Report ID: CIU2010000000220i (4th Quarter 2020) 10 Bureau of Labor Statistics, Series Report ID: wpu0543 and wpu0573 (December 2020) 11 Nuclear Regulatory Commission: NUREG-1307 Revision 18, Table 2.1 (2021)

CNRO2021-00005 SERI & Cooperative Energy - GGNS Status Report

CNRO2021-00005 Page 1 of 1 SYSTEM ENERGY RESOURCES, INC. and COOPERATIVE ENERGY Status Report of Decommissioning Funding For Year Ending December 31, 2020 - 10 CFR 50.75(f)(1)

Plant Name: Grand Gulf Station (Owned & leased 90% by System Energy Resources, Inc. (SERI) and 10% by Cooperative Energy)

1. Minimum Financial Assurance (MFA)

Estimated per 10 CFR 50.75(b) and (c) (2020$):

SERI (90% ownership share)

$596.9 million12 Cooperative Energy (10% ownership share)

$66.3 million

2. ISFSI Obligation as of 12/31/2013 SERI

$12.2 million Cooperative Energy

$1.35 million

3. Decommissioning Fund Total as of 12/31/20:

SERI

$1,215.9 million Cooperative Energy

$102.4 million

4. Annual amounts remaining to be collected:

None

5. Assumptions used:

Rate of Escalation of Decommissioning Costs:

SERI See item below Cooperative Energy 3.0%

Rate of Earnings on Decommissioning Funds:

SERI 2% real rate of return per 10 CFR 50.75(e)(1)(i)

Cooperative Energy Approx. 2.91%14 Authority for use of Real Earnings Over 2%:

SERI N/A Cooperative Energy Cooperative Energy Board

6. Contracts upon which licensee is relying For Decommissioning Funding:

See footnote15

7. Modifications to Method of Financial Assurance since Last Report:

None

8. Material Changes to Trust Agreements:

SERI None Cooperative Energy None 12 See Attachment 2-A 13 From Entergys ISFSI Decommissioning Funding Plans Pursuant to 10 CFR 72.30, December 17, 2018 (Accession No. ML18351A491),

escalated at 3% per annum to account for inflation.

14 Established by Cooperative Energy board resolution. A copy of that resolution was previously provided in the licensees March 27, 2015 decommissioning financial assurance filing as Attachment 2-C, Accession No. ML5092A183, and is incorporated herein by reference.

15 See the Unit Power Sales Agreement and the Availability Agreement, FERC tariffs, previously provided in the licensees March 27, 2015 decommissioning financial assurance filing as Attachment 2-D, Accession No. ML15092A183, incorporated herein by reference. By FERC Order dated March 21, 2019, these agreements were modified to substitute Entergy Arkansas, LLC for Entergy Arkansas, Inc. The amended agreements were accepted by FERC in a letter order dated March 21, 2019. It is the licensees position that these agreements are not 10 CFR §50.75(e)(1)(v) contractual obligations, but rather cost of service tariffs which may appropriately be used to fund the external sinking fund in accordance with 10 CFR §50.75(e)(1)(ii). Out of abundance of caution, the licensee identifies this information here.

-A CNRO2021-00005 SERI & Cooperative Energy - Calculation of Minimum Amount

CNRO2021-00005 -A Page 1 of 1 SYSTEM ENERGY RESOURCES, INC. and COOPERATIVE ENERGY Calculation for Minimum Amount For Year Ending December 31, 2020 - 10 CFR 50.75(f)(1)

System Energy Resources, Inc.:

90% ownership/leasehold interest Cooperative Energy:

10% ownership interest Plant Location:

Port Gibson, Mississippi Reactor Type:

Boiling Water Reactor (BWR)

Power Level:

>3,400 MWt BWR Base Year 1986$:

$135,000,000 Labor Region:

South Waste Burial Facility:

Generic Disposal Site 10 CFR 50.75(c)(2) Escalation Factor Formula:

0.65(L) +0.13(E) +0.22(B)

Factor L=Labor (South) 2.7616 E=Energy (BWR) 2.2817 B=Waste Burial-Vendor (BWR) 12.83718 BWR Escalation Factor:

0.65(L) +0.13(E) +0.22(B)=

4.91297 1986 BWR Base Year $ Escalated:

$135,000,000

  • Factor=

$663,251,591 System Energy interest (90%):

$596,926,432 Cooperative Energy interest (10%):

$ 66,325,159 Total

$663,251,591 16 Bureau of Labor Statistics, Series Report ID: CIU2010000000220i (4th Quarter 2020) 17 Bureau of Labor Statistics, Series Report ID: wpu0543 and wpu0573 (December 2020) 18 Nuclear Regulatory Commission: NUREG-1307 Revision 18, Table 2.1 (2021)

CNRO2021-00005 Entergy Louisiana, LLC RBS Status Report - 70% Regulated

CNRO2021-00005 Page 1 of 1 ENTERGY LOUISIANA, LLC.

Status Report of Decommissioning Funding For Year Ending December 31, 2020 - 10 CFR 50.75(f)(1)

Plant Name: River Bend Station (70% Regulated Interest)

1. Minimum Financial Assurance (MFA)

Estimated per 10 CFR 50.75(b) and (c) (2020$):

$453.3 million19

2. ISFSI Obligation as of 12/31/20

$7.75 million20

3. Decommissioning Fund Total As of 12/31/20:

$565 million

4. Annual amounts remaining to be collected:

See Attachment 3-B

5. Assumptions used:

Rate of Escalation of Decommissioning Costs:

See item below Rate of Earnings on Decommissioning Funds:

2% real rate of return per 10 CFR 50.75(e)(1)(i)

Authority for use of Real Earnings Over 2%:

N/A

6. Contracts upon which licensee is relying For Decommissioning Funding:

See footnote 21

7. Modifications to Method of Financial Assurance since Last Report:

None

8. Material Changes to Trust Agreements:

None 19 See Attachment 3-A.

20 From Entergys ISFSI Decommissioning Funding Plans Pursuant to 10 CFR 72.30, December 17, 2018 (Accession No. ML18351A491), 70% of River Bend value, escalated at 3% per annum to account for inflation.

21 See the unit power purchase agreement under a FERC tariff for the Texas-jurisdictional share of the River Bend 70% share provided as Attachment 3-D in the decommissioning financial assurance filing dated March 28, 2019, NRC Accession No. ML19087A327, incorporated herein by reference. The licensee believes this contract does not qualify as a contractual obligation, but rather is simply a cost of service recovery mechanism as defined in 10 CFR §50.75(e)(1)(ii)(A). Out of an abundance of caution, the licensee identifies this information here.

-A CNRO2021-00005 Entergy Louisiana, LLC - Calculation of Minimum Amount

CNRO2021-00005 -A Page 1 of 1 ENTERGY LOUISIANA, LLC.

Calculation for Minimum Amount For Year Ending December 31, 2020 - 10 CFR 50.75(f)(1)

Entergy Louisiana, LLC:

Factors below used for all of ownership interests Plant Location:

West Feliciana Parish, Louisiana Reactor Type:

Boiling Water Reactor (BWR)

Power Level:

<3,400 MWt (3,091MWt)

BWR Base Year 1986$:

$131,819,000 Labor Region:

South Waste Burial Facility:

Generic Disposal Site 10 CFR 50.75(c)(2) Escalation Factor Formula:

0.65(L) +0.13(E) +0.22(B)

Factor L=Labor (South) 2.7622 E=Energy (BWR) 2.2823 B=Waste Burial-Vendor (BWR) 12.83724 BWR Escalation Factor:

0.65(L) +0.13(E) +0.22(B)=

4.91297 1986 BWR Base Year $ Escalated:

$131,819,000

  • Factor=

$647,623,418 River Bend 70% Regulated Interest:

$453,336,393 River Bend 30% Non-Regulated Interest:

$194,287,025 Total

$647,623,418 22 Bureau of Labor Statistics, Series Report ID: CIU2010000000220i (4th Quarter 2020) 23 Bureau of Labor Statistics, Series Report ID: wpu0543 and wpu0573 (December 2020) 24 Nuclear Regulatory Commission: NUREG-1307 Revision 18, Table 2.1 (2021)

-B CNRO2021-00005 Schedule of Remaining Principal Payments - RBS

CNRO2021-00005 -B Page 1 of 1 ENTERGY LOUISIANA, LLC.

Schedule of Remaining Principal Payments into RBS (70%) Decommissioning Fund For Year Ending December 31, 2020 - 10 CFR 50.75(f)(1)

Year LPSC PUCT FERC Total 2021

$24,915

$ 0

$ 113

$25,028 2022

$10,195

$ 0

$ 113

$10,308 2023

$10,195

$ 0

$ 113

$10,308 2024

$10,195

$ 0

$ 113

$10,308 2025

$11,693

$ 0

$ 113

$11,806 2026

$11,693

$ 0

$ 113

$11,806 2027

$11,693

$ 0

$ 113

$11,806 2028

$11,693

$ 0

$ 113

$11,806 2029

$11,693

$ 0

$ 113

$11,806 2030

$13,513

$ 0

$ 113

$13,626 Note: Reported in $1,000s. Approved in LPSC Docket No.U-31237 and U-35581; FERC Order in Docket Nos. ER86-558-002. Copies of those orders were previously provided in the licensees March 27, 2015 decommissioning financial assurance filing as Attachments 3-D, and 3-F, respectively, Accession No. ML15092A183, and are incorporated herein by reference. River Bend 70% decommissioning collections were set to zero in PUCT Docket No. 48371 (concluded in December 2019).

-C CNRO2021-00005 Entergy Louisiana, LLC RBS Status Report - 30% Non-Regulated

CNRO2021-00005 -C Page 1 of 1 ENTERGY LOUISIANA, LLC.

Status Report of Decommissioning Funding For Year Ending December 31, 2020 - 10 CFR 50.75(f)(1)

Plant Name: River Bend Station (30% Non-Regulated Interest)

1. Minimum Financial Assurance (MFA)

Estimated per 10 CFR 50.75(b) and (c) (2020$):

$194.3 million25

2. ISFSI Obligation as of 12/31/20

$3.32 million26

3. Decommissioning Fund Total As of 12/31/20:

$547.2 million

4. Annual amounts remaining to be collected:

None

5. Assumptions used:

Rate of Escalation of Decommissioning Costs:

See next item Rate of Earnings on Decommissioning Funds:

2% real rate of return per 10 CFR 50.75(e)(1)(i)

Authority for use of Real Earnings Over 2%:

N/A

6. Contracts upon which licensee is relying For Decommissioning Funding:

None27

7. Modifications to Method of Financial Assurance since Last Report:

None

8. Material Changes to Trust Agreements:

None 25 See Attachment 3-A.

26 From Entergys ISFSI Decommissioning Funding Plans Pursuant to 10 CFR 72.30, December 17, 2018 (Accession No. ML18351A491), 30% of River Bend value, escalated at 3% per annum to account for inflation.

27 The River Bend 30% share is sold under contract, but since the 30% share is fully funded with a pre-paid decommissioning fund, the licensee does not rely on this contract for decommissioning. See the agreement provided as Attachment 3-E in the decommissioning financial assurance filing dated March 28, 2019, NRC Accession No. ML19087A327, incorporated herein by reference.

CNRO2021-00005 Entergy Louisiana, LLC - Waterford 3 Status Report

CNRO2021-00005 Page 1 of 1 ENTERGY LOUISIANA, LLC.

Status Report of Decommissioning Funding For Year Ending December 31, 2020 - 10 CFR 50.75(f)(1)

Plant Name: Waterford 3 Steam Electric Station

1. Minimum Financial Assurance (MFA)

Estimated per 10 CFR 50.75(b) and (c) (2020$):

$514.6 million28

2. ISFSI Obligation as of 12/31/20

$9.59 million29

3. Decommissioning Fund Total As of 12/31/20:

$681.8 million

4. Annual amounts remaining to be collected:

See Attachment 4-B

5. Assumptions used:

Rate of Escalation of Decommissioning Costs:

See item below Rate of Earnings on Decommissioning Funds:

2% real rate of return per 10 CFR 50.75(e)(1)(i)

Authority for use of Real Earnings Over 2%:

N/A

6. Contracts upon which licensee is relying For Decommissioning Funding:

See Footnote30

7. Modifications to Method of Financial Assurance since Last Report:

None

8. Material Changes to Trust Agreements:

None 28 See Attachment 4-A.

29 From Entergys ISFSI Decommissioning Funding Plans Pursuant to 10 CFR 72.30, December 17, 2018 (Accession No. ML18351A491), escalated at 3% per annum to account for inflation.

30 See attachment 4-C for a unit power purchase agreement under FERC tariffs for Waterford 3. The licensee believes this contract does not qualify as a contractual obligation, but rather is simply a cost of service recovery mechanism as defined in 10 CFR §50.75(e)(1)(ii)(A). Out of an abundance of caution, the licensee identifies this information here.

-A CNRO2021-00005 Entergy Louisiana, LLC - Calculation of Minimum Amount

CNRO2021-00005 -A Page 1 of 1 ENTERGY LOUISIANA, LLC.

Calculation for Minimum Amount For Year Ending December 31, 2020 - 10 CFR 50.75(f)(1)

Entergy Louisiana, LLC:

100% ownership interest Plant Location:

Taft, Louisiana Reactor Type:

Pressurized Water Reactor (PWR)

Power Level:

>3,400 MWt PWR Base Year 1986$:

$105,000,000 Labor Region:

South Waste Burial Facility:

Generic Disposal Site 10 CFR 50.75(c)(2) Escalation Factor Formula:

0.65(L) +0.13(E) +0.22(B)

Factor L=Labor (South) 2.7631 E=Energy (PWR) 2.2632 B=Waste Burial-Vendor (PWR) 12.79333 PWR Escalation Factor:

0.65(L) +0.13(E) +0.22(B)=

4.90059 1986 PWR Base Year $ Escalated:

$105,000,000

  • Factor=

$514,561,546 31 Bureau of Labor Statistics, Series Report ID: CIU2010000000220i (4th Quarter 2020) 32 Bureau of Labor Statistics, Series Report ID: wpu0543 and wpu0573 (December 2020) 33 Nuclear Regulatory Commission: NUREG-1307 Revision 18, Table 2.1 (2021)

-B CNRO2021-00005 Schedule of Remaining Principal Payments - Waterford 3

CNRO2021-00005 -B Page 1 of 1 ENTERGY LOUISIANA, LLC.

Schedule of Remaining Principal Payments into WF3 Decommissioning Fund For Year Ending December 31, 2020 - 10 CFR 50.75(f)(1)

Year LPSC City of New Orleans Total 2021

$18,538

$151

$18,689 2022

$7,580

$151

$7,731 2023

$7,580

$151

$7,731 2024

$7,580

$151

$7,731 2025

$8,867

$0

$8,867 2026

$8,867

$0

$8,867 2027

$8,867

$0

$8,867 2028

$8,867

$0

$8,867 2029

$8,867

$0

$8,867 2030

$10,246

$0

$10,246 Note: Reported in $1,000s. Approved in LPSC Docket No. U-31237 and U-35581, CNO Resolution R-95-1081 in Docket UD-95-1, and CNO Resolution R-14-494 in Docket UD-13-01.

Copies of those orders were previously provided in the licensees March 27, 2015 decommissioning financial assurance filing as Attachments 4-C, 4-D, and 4-E, respectively, Accession No. ML15092A183, and are incorporated herein by reference.

-C CNRO2021-00005 Waterford 3 Purchase Power Agreement (8 pages to follow)

CNRO2021-00005 -C Page 1 of 8 AGREEMENT This Agreement is effective as of Febrnary I, 2021, between Entergy Louisiana, LLC

("ELL" or "Seller") and Entergy New Orleans, LLC ("ENO" or "Buyer." and together with the Seller, the "Parties").

WHEREAS, the fonner Entergy Louisiana, LLC ("Legacy ELL") trnnsfen ed to the fonner Entergy New Orleans, hie. ("Legacy ENO") certain Legacy ELL assets (and related liabilities) that are necessary to provide electric service to customers in the Fifteenth Ward of the City of New Orleans, commonly referred to as Algiers (the "Algiers Transaction"); and WHEREAS, as part of the Algiers Transaction, Legacy ELL agreed to make a nnit power sale from the designated generating units and designated power purchase agreements set forth on Attachment A (respectively, "Designated Generating Units" and "Designated Power Purchases")

to Legacy ENO; and WHEREAS, the Agreement among Entergy Arkansas, Inc., Legacy ELL, Legacy ENO, Entergy Mississippi, Inc. and Entergy Services, Inc. Q1ereina1\\er refened to as the "System Agreement"), was filed with FERC on Apiil 30, 1982, and became effective on January I, 1983, and was amended in 1993 to incorporate Entergy Gulf States, Inc., and its successors Entergy Gulf Stales Louisiam,, L.L.C. ("EGSL" or "Legacy EGSL") and Entergy Texas, Inc., in 2008; and WHE!ti::AS, on October I, 2015, Legacy EGSL and Legacy ELL completed a transaction in which those entities combined substantially all of their respective assets and liabilities into a single successor public utility operating company now known as ELL; and WHEREAS, on October I, 20 15, ELL succeeded to the tariffs and rate schedules of Legacy EGSL and Legacy ELL; and

CNRO2021-00005 -C Page 2 of 8 WHEREAS, pursmmt to a Setdemerrt Agreement approved by FERC in Docket Nos..

R 4-75 ct al. o Dccemb_r 29, 20 5, the._ystcm grecmcnt terminated c fcctivc ugust '.H, 2016 at 1 ]:59:59 Centml Daylight Hme; and

\\¥HERE.A

  • the Partjes previously executed this Agreement to providle for a imit power purchase by Buyer under ; ystem Agreement en*1ce chedule MSS-4 from the Designated Generating Units and Designated Pol','er Pu1rchm,es* and

\\VHEREA:

tb ntergy Op rat" ng ommit~

p vious]y co ider d and approved fu,e rms of this Agreement* and WHERE.A

  • upon termination of the System Agreement. the Parties intended to apply the terms and 0011ditions of the nit Power Sales and Designated Power.* Purchases Tariff accepted by FERC in Docket
o. ERB-1508 ("Sal-es and Pnr,chases nuiff) which was designed to rep]icate System Agreement Service Schedute MSS-4 as the umbreUa tariff for tlris Agreement~

and WHEREAS on o,ember 30, 2017 Legacy £1 0 completed an. internal restructuring transaction in which substantially all of Legacy ENO's assets and liabilitie. were sucoeed,ed to by a newly-formed successor public utility operating company now known as ENO* and WIIEREAS. on November 3 o. 2017, ENO succeeded to the tariffs and rate schedules of Legacy ENO; THEREFORE, ilie Parties agree as. follows.:

1.

De:signate{i Generating Units.

ubjecl Lo the other terms of Uris Agreement, Seller

.agrees to sell and Buyer agree.'> to purchase that qruantity of generating capacity and associated energy from the De ignated Generating Units on a lifc~of-untt basis undc the Sale!l and Purchases Tariff; as. described hernjn equ.ivaleut to the Buyer's AUocated Percentage of Seller s

CNRO2021-00005 -C Page 3 of 8 Urut Capacity of t e D signaited Generating I nits, all as set forth on Attacllment A Buyer's Allocated Percen age wiH remain fixed as specified on Attachment A for the entire erm of this Agreement.

2.

Designated Power Pur,chases.. Subject to th other terms of this Agreement,. eUer agrees to sell and Buyer agrees to purchase that quantity of capacity,1111.d associated energy from the Designated Power Pure ',ascs on a tc m-o 1-P bas* und the Sa s and Purd1asc Ta iff as de *cr:ibed herein, equi alent to the Buyer's Allocaited Percentage of Sellers nit Capacity of the Designated. Powe.r Purchases, all as set forth on Attachment A. Buyer's. Alloca ed Percentage will r,cmain fi cd as pccificd on rtachmcnt for the enhre term. of this crrccmcnt.

3.

Designated Generating Units and Designated Power Purchase.s. The d,esignated generating unit'> and designated power purchases. for p1ll7t)os,es of this unit power purchase under the Sales and Purchases Tariff shaU be the units set forth on Attachment A.

4.

Pricing. The pr.icing of the capacity and ene,:gy to be sold and purchased pr rsuant to parngrnphs 1 and 2 above sh1.1ll be as specified in the Saks and Pnrch11ses Tariff Should lhe tnist funds set aside for Buyer's share of the responsibility for Waterford Un:it 3 decomtnls:sioning be found to be insuflkiem to,co er the afot'esaid Buyer's share of the coot for such decomrniss.ioning,.Buyer will promptly pay to SeUer such deficit The Buy,er win fully pay for the Buyer's share of th ecomnn sioning responsibility for Waterford Unit 3 notwithstanding the opend.ional status of Waterford nit 3 or any force maje 1rce pro i::.ions. AU proceeds from deeommi:ssjoning collections under the Sales and Purchases I ariff pnrs.nant to this Agreement wiU be deposit.ed to the external uiling funds) that coUect(s) Buyers decommtss.iou.ing funding.

CNRO2021-00005 -C Page 4 of 8 5,

Energy Entitlement. Buyer is en6tled to Iec,ei ve on an houriy basis Buye1 's Al ocated Percentag,c set orth

  • n ttachment of the energy generated by the Designated Generating Units and the Designated Power Pmchases.
6.

Term. The term of this Agl'ee.ment shall be the operating life of tl1e Designated Genernting Units and the,contractual,end dale of lhe Designated JPow,er Pur,ch.ases, pJus any time required to decoilllniss.~on the Design.a ed Generating Units.

7..

Tormioation. N eith. r party hall bav. th. right to Lrminate the unit pow. r purchas and sale i quired by tbi Agreem nt wi hout th.e e. press written,consent of th oth r

pa1ty, 8,

Condition Precedent Tl1i.s contract slmU be oonditioned upon Buyer and Selle.I' receivmg all regulatory approvals required for this Agreement.

9.

Notices.

Unless specifically stated, otherwise herein,. any notice to be given hereunder shaJl be s,ent by Registered Mail, postage prepaid, to the pa1

  • to be notified at the address sel forth below, and shaU be deeme-d gi-en when so mailed.
10.

To ELL:

ToE 0 :

Entergy Louisiana LLC 4809 J fferson High ay Jefferson LA 70121 ATTN: Chief Executive Ofl.ioer Entergy New Orlea11s LLC 1600 Perdido Street, B]dg. o. 505 New Orlerins, LA 70112 ATTN: Chief Executive Officer

.onwa1ver. The failure of either party lo insist upon or enfon;e, in,my instance strict performance by the other of any of the terms of this Agreement or to cxcroisc any rights herein c-0n erred sha] not be consi.cred as a. waiver or rdinqu*sbment to any extent of its rights to assert or rely upon any such terms or rights on a 1y foture occasion.

CNRO2021-00005 -C Page 5 of 8 l].

Amendments.

o waiver. alteration, amendment OF modificat1on of any of rhe

[Pr-ov1s1ons o tihi Agreement sha1l be binding unless in writing and signed by a duly authori7..ed repres-entati ve of both Parties.

12..

Enti.re Agreement. This Agreement, which is,entered into in accordat1ce with the authority of the Sales and Purchases Tariff, conslitll.tes the entire agreemc:nt between the Parties w:uth r spcct to tile subject matter he11eof and supersedes. all tpr,evious and co lateral agreemen'ts or understandings with respect to nhe subject matter hen;:o[

13.

£~abilit):. It is agreed t.hat ifany cfat se or prov.ision of this Agreement is held by the courts Io be illegal or void, the va.lidity of the remaining portions and provisions of the Agreement shall not be affect~ and the rights, and obligations of tile Parties shall be enfor-ced as.

if the Agreement did not contain such ille:ga or void clauses or provisions..

WITNESS OUR SlGNATURES effective.ls of P'ebroary 1,202].

WJTNESS:

WlTNESS:

ENTER:

AME: Phillip.R. Maiy, Jr.

TITLE: President ancl Clh ief Executive Officer E TER!GY NEW ORLEA S, LLC BY: _________ _

AME: David Ell is TITL * : President and Chief E.wcutive Officer

CNRO2021-00005 -C Page 6 of 8 LL o waiver, alteration, amendment or modification of amy of the provisions of this Agreement shall be bi11ding unless in writing and s.ig11ed by a duly authorized repriesentati ve of both Parde.s, l 2 _

Enti.re Ag1.1eemenL This Agreement, which. is. entered into in accordance with the authority of the Sales a.nd Ptuchaises Ta.riff. constitutes the en lire a,greement etween the Parti,es with respecl to cbe ubject matter hereof and supersedes all pre,*ious and collateral agreements or understainding with respect lo the subject matter hereof.

l3.

Severability. k is agreed that jf any clause or provision of this Agreement is he1d by the courts to be illegal or void, the validity of the rema.ining portions and provisions o:f the Agreement shaJJ nor be affected. and the rights and obligation of the Parties s1.an be enforced as ir IDe Agreement did not contain such iUegaJ or vo.id dauses or pmvisions.

WITNESS OUR S.IGNATURES effective as of February l. 20'21.

WITNESS:

WITNES~

ENTERGY LOUISIANA, LLC BY: ________ _

NAME; Phillip R. May. Jr.

TITLE: Pr,esident aad Chjef Execu ive Officer NAME: David Ems TITLE: Pr,e,sident and Chief Executive Officer

CNRO2021-00005 -C Page 7 of 8 ATTACHMENT A SALE Of CAl'ACilY AI\\D ENERGY BY ENTERGY LOUISIANA. LLC TO ENTERGY NEW ORLEANS, LLC This Alladuneal A is auacbed 10 and forms a parl of the Ag.reemenL, ellCctive as of February I, 2021. bel\\1,..eeo Eotergy New Orleans, LLC ("ENO" or "Buy~.,) a.nd Entergy Louisiana. LLC ("'ELL" or "Seller") p1ws1.ia1Jt lO 1be Unit Power Sales and Designated Po\\1,'CJ' Purchases Tariff.

During the term of 1his A,_iz,.recmeot, Buyer"s Allocated Percentage of c.apac.:ily and assoc.iated energy will be delennined as follows:

ST:il.LT:iR'S IlUYF.R'S IlUYF.R'S Ul'<l T ALLOCATED ALLOCATED CAPACITY*

CAPACITY' PERCENTAGE DESIGNATED GENERATING UNITS Waterford Unit 1 410.9 7.6 1.84%

Waterford Unit 2 410.8 7.6 1.84%

Waterford Unit 3 1.156.4 21.3 1.84%

Waterford Unit 4 33.4 0.6 1.841%

Nincmilc Point Unit 4 699.0 12.9 1.84%

Ninemilc Point Unit S 716.9 13.2 1.84%

Ninemile Point Unil 6***

308.0 5.7 1.84%

Lit1Je GypS)' Unit 2 410.7 7.6 1.84%

Linle Gypsy Unit 3 520.3 9.6 1.84%

Acadia Power Block 2**"'

363.6 6.7 1.84%

River Bend 30 194.5 3.6 J.84%

Perryville Unit J ++*

132.5 2.4 J.84%

Perryville Unit 2***

36.5 0.7 1.84%

Sterlington Unit 7 A 59.3 1.1 1.84%

D.t:SU,NATW l'OWl:R l' URCHASI:;S Oxy-T aft Renewal (July I, 2018 - May 31, 2028) 480.0 8.8 J.84%

Grand GulfELMP 178.1 3.3 1.84%

Vidalia (e.wires December 31, 2031) 105.3 1.9 1.84%

Grand Gulf EAMP 30.9 0.6 1.84%

Arkansas Nuclear One - Unit 2 26.7 0.5 1.84%

Arkansas Nuclear One - Unit 1 22.7 0.4 1.84%,

White Bluff Unit 1 13.1 0.2 1.84%

White Bluff Unit 2 12.2 0.2 1.84%

ln<lepen<leoce UoiL l 7.2 0.1 1.84%

Moutauk (expires May 31. 2024) 3.2 O.J 1.84%

TOTAL_..

s.ss2.2 107.8 1.84%

  • Expressed in megawatts. To die exrent Seller*s Unit Capacicy in any Designated Generaring Un.it or Designated Power Purchase.increases or decreases, Buyer's Allocated Capac.icy with respect to such Designated Generating Un.it or Designated Power Purchase shall adjust so that it equals the product of Seller's Unit C.apacity and Buyer's Allocated Percentage. Buyer's Allocated J'ercentage will remain fi.~ed for the entire Tenn of the Agreement.
    • Total may not add due to rounding.

CNRO2021-00005 -C Page 8 of 8

,u The staJ:tllig point for the amount of Seller's Capacity fOJ Ni.Jl-eroile Po.iat Un.it 6 (308.0 !liiW, Perryville Unit l U25 MW), Penyville Unit 2 (36.5 MW), and Acadia Powe.r Bl.oc.k 2 363.6 MW) is Legacy EL.l's :share, as opposed to Legacy EGSL s,w the Combin d Compmy's slime.

CNRO2021-00005 Minimum Funding Assurance Calculation Worksheets

CNRO2021-00005 Page 1 of 9 Minimum Funding Assurance Calculation Worksheets Plant name:

Year of Biennial:

Termination of Operation:

1986$

PWR 2568

$97,598,400 NRC Minimum:

ECI 139.3 Month 12 5

Base Lx 1.98

$478,289,367 Arkansas Nuclear One, Unit 1 0.65 Day 31 20 Px 2.76 2.038 Site Specific:

Year 2020 2034 Fx 2.559 0.13 2.26 0.22 12.793 Licensee:

% Owned:

Amount of NRC Minimum/Site S ecific:

Amount in Trust Fund:

Entergy Step 1:

Earnings Credit:

Trust Fund Balance:

$702,362,791 Step 2:

Accumulation:

Value of Annuity per ear

$0 Step 3:

Decom Period:

Total Earnin s:

$915,562,403 100.00%

$478,289,367 Real Rate of Return per Years Left in Total Real Rate o year 2%

Real Rate of Return per ear 2%

Real Rate of Return per year 2%

License Return:

13.39 1.30355 Years of Annuity:

0 Decom Total Real Rate o Period:

Return:

7 0.14869 Accumulation durin Decom Excess ( Shortfall)

$702,362,791 Total Earn in s:

$915,562,403 Tota l Earnings= Trust Fund balance x (1+RRR)"Years left in license Total Annuit :

$0 Total Step2

$0 Total Ste 1 + Ste 2

$915,562,403 Total Earnin s fo r Decom:

$68,065,504 Total Earnings for Decom = (1/2) x Total Earnings x [(1+RRR)"Decom period - 1]

Total of Ste s 1 - 3:

$983,627,907 Total= Total Earnings+ Total Earnings for Decom 505,338,539 to NRC minimum (7,808,754) Less ISFSI Parent Co Guarantv 497,529,785 Total Excess Financial Assurance

CNRO2021-00005 Page 2 of 9 Minimum Funding Assurance Calculation Worksheets Plant name:

Year of Biennial:

Termination of Operation:

PWR 3026

$101,628,800 NRC Minimum:

Licensee:

Entergy Step 1:

Earnings Credit:

% Owned:

100.00%

Real Rate of ECI 139.3 Month 12 7

Base Lx 1.98

$498,040,690 0.65 Arkansas Nuclear One, Unit 2 Day Year 31 2020 17 2038 Px 2.76 2.038 Site Specific:

Amount of NRC Minimum/Site S ecific:

Amount in Trust Fund:

$498,040,690

$571,558,041 Fx Ex Bx 2.559 0.13 2.26 0.22 12.793 Return per Years Left in Total Real Rate of Tru st Fund Balance:

$571,558,041 Step 2:

Accumulation:

Value of Annuity per ear

$0 Step 3:

Decom Period:

Total Earnin s:

$809,003,046 year 2%

Real Rate of Return per year 2%

Real Rate of Return per year 2%

License Return:

Total Earnin s:

17.54 1.41543

$809,003,046 Total Earnings= Trust Fund balanc,e x (1+RRR)"Years left in license Years of Annuity:

Total Annuit 0

$0 Total Step 2

$0 Total Ste 1 + Ste 2

$809,003,046 Total Real Rate of Decom Period:

Return:

Total Eam in s for Decom:

7 0.14869

$60,143,579 Total Earnings for Decom = (1/2) x Total Earnings x [(1+RRR)"Decom period -1]

Accumulation durin Decom Total of Ste s 1 - 3:

$869,146,625 Total= Total Earnings+ Total Earnings for Decom Excess ( Shortfall) 371,105,935 to NRC minimum 17,808,754) Less ISFSI Parent Co Guaranty 363,297,180 Total Excess Financial Assurance

CNRO2021-00005 Page 3 of 9 Minimum Funding Assurance Calculation Worksheets Plant name:

Year of Biennial:

Termination of Operation:

1986$

BWR 4408

$135,000,000 NRC Minimum:

Licensee:

Entergy Step 1:

Earnings Credit:

% Owned:

90.00%

Real Rate of Grand Gulf Nuclear Station (SERI 90%)

ECI 139.3 Month 12 11 Base Lx 1.98

$663,251,591 Amount of NRC Minimum/Site S

$596,926,432 0.65 Day 31 1

ecific:

Lx Px 2.76 2.038 Site Specific:

Amount in Trust Fund:

$1,215,868,112 Year 2020 2044 Fx 2.559 Bx 0.13 2.28 0.22 12.837 Return per Years Left in Total Real Rate o Trust Fund Balance:

year

$1,215,868,112 2.0%

Step 2:

Accumulation:

Real Rate of Value of Annuity per Return per ear

$0 Step 3:

Decom Period:

Total Earnin s:

$ 1,949,247,771 year 2.0%

Real Rate of Return per year 2%

License Return:

Total Earnin s:

23.83 1.60317

$1,949,247,771 Total Earnings = Trust Fund balance x (1+RRR)"Years left in license Years of Annuity:

Total Annuit :

0

$0 Total Step 2

$0 Total Ste 1 + Ste 2

$1,949,247,771 Total Real Rate o Decom Period:

Return:

Total Eamin s for Decom:

7 0.14869

$144,912,603 Total Earnings for Decom = (1/2) x Total Earnings x [(1+RRR)"Decom period - 1)

Accumulation durin Decom Total of Ste s 1 - 3:

$2,094,1 60,374 Total = Total Earnings + Total Earnings for Decom Excess ( Shortfall) 1,497,233,943 to NRC minimum 112,178,602! Less ISFSI Parent Co Guaranty 1,485,055,341 Total Excess Financial Assurance

CNRO2021-00005 Page 4 of 9 Minimum Funding Assurance Calculation Worksheets Plant name:

Year of Biennial:

Termination of Operation:

BWR 4408

$135,000,000 NRC Minimum:

Licensee:

Entergy Step 1:

Earnings Credit:

% Owned:

10_00%

Real Rate of Grand Gulf Nuclear Station (Cooperative Energy 10%)

ECI 131U Month 12 11 Base Lx 1-98

$663,251,591 0_65 Day 31 1

Amount of NRC Minimum/Site S ecific:

$66,325, 159 Px 2-76 2_038 Site Specific:

Amount in Trust Fund:

$102,41 6,507 Year 2020 2044 Fx 2_559 o_ 13 Ex 2-28 0-22 Return per Years Left in Total Real Rate o Trust Fund Balance:

$102,416,507 Step 2:

Accumulation:

Value of Annuity per ear

$0 Step 3:

Decom Period:

Total Earnin s:

$202,903,619 year 2_91%

Real Rate of Return per year 2_91%

Real Rate of Return per year 2_91%

License Return:

23-83 1-98116 Years of Annuity :

0 Decom Total Real Rate o Period:

Return:

7 0-22237 Accumulation durin Decom Excess ( Shortfall)

Total Eamin s:

$202,903,619 Total Earnings= Trust Fund balance x (1+RRR)"Years left in license Total Annuit

$0 Total Step 2

$0 Total Ste 1 + Ste 2

$202,903,619 Total Earnin s for Decom:

$22,559,943 Total Earnings for Decom = (1 /2) x Total Earnings x [(1+RRR)"Decom period - 1]

Total of Ste s 1 - 3:

$225,463,562 Total = Total Earnings+ Total Earnings for Decom 159,138,403 to NRC minimum (1,353,178) Less I SF SI Pare nt Co Guaranty 157,785,225 Total Excess Fina ncial Assura nce Bx 12_837

CNRO2021-00005 Page 5 of 9 Minimum Funding Assurance Calculation Worksheets Plant name:

Year of Biennial:

Termination of Operation:

BWR 3091

$131,819,000 NRC Minimum:

Licensee:

Entergy Step 1:

Earnings Credit:

Trust Fund Balance:

$565,025,170 Step 2:

Accumulation:

Value of Annuity per ear See Annuity Sheet Step 3:

Decom Period:

Total Earn in s:

$1, 111,535,780

% Owned:

70.00%

Real Rate of Return per y ear 2.00%

Real Rate of Return per y ear 2.00%

Real Rate of Return per y ear 2.00%

ECI 139.3 Month 12 8

Base Lx 1.98

$647,623,418 0.65 River Bend (Regulated 70%)

Day 31 29 Px 2.76 2.038 Site Specific:

Year 2020 2045 Amount of NRC Minimum/Site S edfic:

Amount in Trust Fund:

$453,336,393

$565,025, 170 Years Left in Total Real Rate o License Return:

Total Earnin s:

Fx 2.559 0.13 2.28 0.22 24.66 1.62964

$920,785,009 Total Earnings = Trust Fund balance x (1+RRR)AYears left in license Years of Annuity :

Total Annuit :

10

$190,750,771 Total Step 2

$190,750,771 Total Ste 1 + Ste 2

$1,111,535,780 Total Real Rate o Decom Period:

Return:

Total Earnin s for Decom:

12.837 7

0.14869

$82,634,720 Total Earnings for Decom = (1 /2) x Total Earnings x [(1 +RRR)ADecom period - 1)

Accumulation durin Decom Total of Ste s 1 - 3:

$1,194,170,500 Total = Total Earnings+ Total Earnings for Decom Excess (Shortfall) 740,834,107 to NRC minimum (7,753,800) Less ISFSI Parent Co Guaranty s

733,080,307 Total Excess Financial Assurance

CNRO2021-00005 Page 6 of 9 Minimum Funding Assurance Calculation Worksheets Plant name:

River Bend Station (Regulated 70%)

Assumed Termination of Operations:

2045 Real Rate Total Year LPSC PUCT FERC Annuity:

of Return: Accumulation 2021

$ 24,915,437 $

$ 112,914 $

25,028,351 2.0%

40,256,532 2022

$ 10,195,000

$112,914 $

10,307,914 2.0%

16,254,542 Total Accumulation = Annuity x {1+RRR)"Years left from Accum 2023

$ 10,195,000

$112,914 $

10,307,914 2.0%

15,935,825 2024

$ 10,195,000

$112,914 10,307,914 2.0%

15,623,358 2025

$ 11,6,93,000

$ 112,914 $

11,805,914 2.0%

17,542,967 2026

$ 11,6,93,000

$112,914 $

11,805,914 2.0%

17,198,987 202'7

$ 11,6,93,000

$ 112,914 $

11,805,914 2.0%

16,861,752 202'8

$ 11,6,93,000

$112,914 $

11,805,914 2.0%

16,531,130 2029

$ 11,6,93,000

$112,914 $

11,805,914 2.0%

16,206,990 2030

$ 13,513,000

$112,914 $

13,6,25,914 2.0%

18,338,686 Total:

$ 190,750,771

CNRO2021-00005 Page 7 of 9 Minimum Funding Assurance Calculation Worksheets Plant name:

Year of Biennial:

Termination of Operation:

1986$

BWR 3091

$131,819,000 NRC Minimum:

ECI 139_3 Month 12 8

Base Lx 1_98

$647,623,418 River Bend (Non-Regulated 30%)

0_65 Day 31 29 2-76 Px 2_038 Site Specific:

Year 2020 2045 Fx 2_559 o_ 13 2_28 0_22 12_837 Licensee:

% Owned:

Amount of NRC Minimum/Site S edfic:

Amount in Trust Fund:

Entergy Step 1:

Earnings Credit:

Trust Fund Balance:

$547,169,177 Step 2:

Accumulation:

Value of Annuity per ear

$0 Step 3:

Decom Period:

Total Earnin s:

$891,686,252 30_00%

$194,287,025 Real Rate of Return per Years Left in Total Real Rate o year 2%

Real Rate of Return per year 2%

Real Rate of Return per year 2%

License Return:

24_66 1-62964 Years of Annuity:

0 Decom Total Real Rate a Period:

Return:

7 o_ 14869 Excess ( Shortfall)

$547,169,177 Total Eamin s:

$891,686,252 Total Earnings= Trust Fund balance x (1+RRR)AYears left in license Total Annuit :

$0 Total Step 2

$0 Total Ste 1 + Ste 2

$891,686,252 Total Earnin s for Decom:

$66,290,483 Total Earnings for Decom = (1/2) x Total Earnings x [(1+RRR)A0ecom period - 1)

Total of Ste s 1 - 3:

$957,976,735 Total = Total Earnings+ Total Earnings for Decom 763,689,710 to NRC minimum (3,323,057) Less I SF SI Parent Co Guaranty 760,366,653 Total Excess Financial Assurance

CNRO2021-00005 Page 8 of 9 Minimum Funding Assurance Calculation Worksheets Plant name:

Year of Biennial:

Termination of Operation:

1986$

PWR 3716

$105,000,000 NRC Minimum:

Licensee:

Entergy Step 1:

Earnings Credit:

% Owned:

100.00%

Real Rate of Waterford Steam Electric Station, Unit 3 ECI 139.3 Month 12 12 Base Lx 1.98

$514,561,546 0.65 Day 31 18 Amount of NRC Minimum/ Site S ecific:

$514,561,546 Px 2.76 2.038 Site Specific:

Amount in Trust Fund:

$68 1,848,143 Year 2020 2044 Fx 2.559 Bx 0.13 2.26 0.22 12.793 Return per Years Left in Total Real Rate o Trust Fund Balance:

year

$681,848, 143 2%

Step 2:

Accumulation:

Real Rate of Value of Annuity per Return per ear See Annuity Sheet Step 3:

Decom Period:

Total Earnin s:

$1,236,187,706 year 2%

Real Rate of Return per year 2%

License Return:

Total Eamin s:

23.96 1.60730

$1,095,936,716 Total Earnings= Trust Fund balance x (1+RRR)"Years left in license Years of Annuity:

Total Annuit :

10

$140,250,990 Total Step 2

$140,250,990 Total Ste 1 + Ste 2

$1,236,187,706 Decom Total Real Rate o Period:

Return:

Total Earnin s for Decom:

7 0.14869

$91,901,697 Total Earnings for Decom = (1/2) x Total Earnings x [(1+RRR)"Decom period - 1]

Accumulation durin Decom Total of Ste s 1 - 3:

$1,328,089,403 Total = Total Earnings+ Total Earnings for Decom Excess (Shortfall) 813,527,858 to NRC minimum 19,590,536) Less ISFSI s

Parent Co Guaranty s

803,937,322 Total Excess Financial Assurance

CNRO2021-00005 Page 9 of 9 Minimum Funding Assurance Calculation Worksheets Waterford Generation Station, Unit 3 Plant name:

Assumed Termination of Operations:

2044 Real Rate Total Year LPS°C CNO Annuity:

of Return: Accumulation 2021

$, 18,537,648 $

151,000

$, 18,688,648 2.00%

$, 29,470,11 6, 2022

$ 7,580,000 151,000 7,731,000 2.00%

$ 11,951,969 2023

$, 7,580,000 151,000 $

7,731,000 2.00%

$ 11,717,6,17 Total Accumulation = Annuity x *11+RRR)11.Years left from Aocum 2024

$ 7,580,000 151,000 $

7,731,000 2.00%

$, 11,487,859 2025

$ 8,867,000 8,867,000 2.00%

$ 12,917,545

2026,

$, 8,867,000 8,867,000 2.00%

$ 12,664,259 2027

$, 8,867,000 8,867,000 2.00%

$ 12,415,941 2028

$ 8,867,000 8,86,7,000 2.00%

$, 12,172,491 2029*

$, 8,867,000 8,867,000 2.00%

$, 11,933,815 2030

$ 10,246,,000

$, 10,24,6,000 2.00%

$ 13,51 9,379 Total:

$,140,250,990

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