ML112380020

2010 DFS Report Analysis for Vogtle (Alvin W.) Nuclear Plant, Unit 2

ML112380020
Person / Time
Site:	Vogtle
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112380020 (3)

Text

Datasheet 1Signature: Michael Purdie, Jo Ann Simpson Date: 07/18/2011 Secondary Review: Kosmas Lois, 8/5/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:45.70%130.00%122.70%11.60%1 3 4variable 1variable 1 variable 1 N N Y N N N 2 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7If 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) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission (See "Notes" for additional comments).

3 Oglethorpe Power Corporation executed a revised Trust Agreement in August 2010, which was provided to the NRC in March 2010 (ML101090080).

2 Municipal Electric Authority is relying upon a PPA, which was included in the Attachments 2 & 3 of the DFS report.

2 Rates for Oglethorpe could not be determined based upon submitted information.Licensee:$107,725,000Amount in Trust Fund:

Y 4Any material changes to trust agreements? (Y/N)

N$8,742,401Post-RAIRates Determined (Y/N)Oglethorpe Power CorporationGeorgia Power Company Y$459,684,000The total amount of dollars accumulated at the end of the appropriate year: (see below)

Y 3Assumptions 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)Any 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 Factors$241,365,082Real Rate of ReturnPUC Verified (Y/N)$76,299,281Total Trust Fund BalancePlant name:Vogtle (Alvin W.) Nuclear Plant, Unit 2 50-425RAI Needed (Y/N)PUC Verified (Y/N)$48,598,400noneDocket 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):Escalation RateAllowed through Decom (Y/N)Municipal Electric AuthorityDalton Utilities Datasheet 2Signature: Michael Purdie, Jo Ann Simpson Date: 07/18/2011Secondary Review: Kosmas Lois, 8/5/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 2PWR 3625$105,000,000112.81.980.652.231.675191.3114.23.074252.182.00.132.2630.2212.28% Owned:Category45.70%130.00%122.70%11.60%1 2%38.11 2%2%2%7 Bx Ex LxECIBase LxBase Px2010$466,987,774Dalton UtilitiesLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthGeorgia Power CompanyOglethorpe Power CorporationMunicipal Electric Authority$106,006,225$140,096,332$48,598,400$107,725,000Year:Vogtle (Alvin W.) Nuclear Plant, Unit 2 Docket Number:Date of Operation:Latest Month Fx$513,329,193Years remaining after annuity Px50-425 931Termination of Operations:2049 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$213,413,413NRC Minimum:

FxSite Specific:Total Step 2:$7,471,804Years Left in License38.11$8,742,401Real Rate of Return per yearDoes Licensee Pass:YES$76,299,281

$0Trust Fund Balance:Step 1:Amount in Trust Fund:

$0Total Earnings:$513,329,193Real Rate of Return per yearTotal of Steps 1 thru 3:Number of Annual Payments:Accumulation:Step 2:Earnings Credit:$241,365,082Decom Period:

$0Total AnnuityReal Rate of Return per yearTotal Fund Balance:$241,365,082Total Step 1 + Step 2$513,329,193$38,162,347Total Earnings for Decom:Total Annuity:Step 3: NOShortfall:YESDoes Licensee Pass:

Does Licensee Pass:YESDecom Period:Total Earnings:Real Rate of Return per year$551,491,540 Datasheet 2Signature: Michael Purdie, Jo Ann Simpson Date: 07/18/2011Secondary Review: Kosmas Lois, 8/5/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 22010Year:Vogtle (Alvin W.) Nuclear Plant, Unit 2 Docket Number:Date of Operation:50-425 931Termination of Operations:2049DayPlant name:OwnerGeorgia Power Company2.00%38.11Oglethorpe Power Corporation2.00%Municipal Electric Authority2.00%Dalton Utilities2.00%0.00%0.00%2.00%7Earnings Credit:Step 4:Shortfall:

NOReal Rate of Return per yearYears remaining after annuity$0YES$38,162,347Total Step 5Total of Steps 4 thru 6:$551,491,540Does Licensee Pass:Total Earnings:38.11 0$513,329,193

$0$0Decom Period:Step 6:$513,329,193#DIV/0!Does Licensee Pass:Real Rate of Return per yearYESTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Does Licensee Pass:$513,329,193YESReal Rate of Return per yearAccumulation:Value of Annuity per yearTotal Annuity:Total AnnuityReal Rate of Return Number of Annual Payments:Step 5:If licensee is granted greater than 2% RRRTrust Fund Balance:$107,725,000$48,598,400Years Left in LicenseTotal Earnings:$76,299,281$8,742,401