ML112351088

2010 DFS Report Analysis for Arkansas Nuclear One, Unit 2

ML112351088
Person / Time
Site:	Arkansas Nuclear
Issue date:	11/14/2011
From:	Szabo A L Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112351088 (3)

Text

Datasheet 1Signature: Shawn Harwell Date: 7/11/2011Signature: Aaron L. Szabo Date: 7/25/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category: 100.00%1 3 4 6.31%2.61%3.70%Y N N 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 1 The licensee states in the DFS report, "See the aggreements in Attachment 1-E which are unit power purchase agreements under the MSS-4 Agreement, a FERC tariff. It is the licensee's position that these 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 the information here."

2 According to the submital, the licensee does not believethe changes to the trust agreement are material. However, out of abundance of caution, all the changes since the last report are provided within the DFS report submittal. Entergy ArkansasLicensee:$225,981,000Amount in Trust Fund:

Y 2Total Trust Fund BalanceAllowed through Decom (Y/N)Post-RAIRates Determined (Y/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)

NAny material changes to trust agreements? (Y/N)

Y 1Any contracts upon which the licensee is relying? (Y/N)Schedule of the annual amounts remaining to be collected: (provided/none)Rate of Return on EarningsAllowed through Decom (Y/N)Rate(s) of Other FactorsReal Rate of ReturnPUC Verified (Y/N)Escalation RatePlant name:Arkansas Nuclear One, Unit 2 50-368RAI Needed (Y/N)PUC Verified (Y/N)noneDocket Number:Did the licensee identify the amount of estimated radiological funds? (Y/N)The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):

Y$451,994,354Assumptions 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)The total amount of dollars accumulated at the end of the appropriate year: (see below)

$225,981,000 Datasheet 2Signature: Shawn Harwell Date: 7/11/2011 Signature: Aaron L. Szabo Date: 7/25/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 7PWR 3026$101,628,800112.81.980.652.231.676191.4114.23.049250.082.00.132.2530.2212.28% Owned:Category100.00%1 2%27.54 2%2%2%7 Bx Ex LxECIBase LxBase Px2010Year:Arkansas Nuclear One, Unit 2Docket Number:Date of Operation:Latest Month Fx$389,909,181Years remaining after annuity Px50-3681731Termination of Operations:2038 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$451,858,957NRC Minimum:$451,858,957Trust Fund Balance:Step 1: FxSite Specific:Total Step 2:Years Left in License27.54Real Rate of Return per yearDoes Licensee Pass:

NO$0$28,986,953Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthEntergy ArkansasTotal Annuity:Step 3:$225,981,000Amount in Trust Fund:

$0Total Earnings:$389,909,181Real Rate of Return per yearTotal of Steps 1 thru 3:Number of Annual Payments:Accumulation:Step 2:Earnings Credit:$225,981,000Decom Period:

$0Total AnnuityReal Rate of Return per yearTotal Fund Balance:$225,981,000Total Step 1 + Step 2$389,909,181($32,962,823)Shortfall:

NODoes Licensee Pass:Does Licensee Pass:

NO$418,896,134 Datasheet 2Signature: Shawn Harwell Date: 7/11/2011Signature: Aaron L. Szabo Date: 7/25/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 72010Year:Arkansas Nuclear One, Unit 2Docket Number:Date of Operation:50-3681731Termination of Operations:2038DayPlant name:3.70%27.543.70%3.70%2.00%7Earnings Credit:Step 4:Shortfall:

NOReal Rate of Return per yearYears remaining after annuity$0Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in LicenseYES$45,702,139Total Step 5Total of Steps 4 thru 6:$660,450,544Does Licensee Pass:Total Earnings:27.54 0$614,748,405

$0$0Decom Period:Step 6:$614,748,405

$0Does Licensee Pass:Real Rate of Return per yearYESTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Real Rate of Return per yearAccumulation:Value of Annuity per year$225,981,000Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$614,748,405YESIf licensee is granted greater than 2% RRR