ML112371917

2010 DFS Report Analysis for Surry Power Station, Unit 1

ML112371917
Person / Time
Site:	Surry
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112371917 (5)

Text

Datasheet 1Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011Secondary Review: Kosmas LoisDate: 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:100.00%1 3 4 2.00%N Y N N Y 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 NAny material changes to trust agreements? (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)

NPost-RAIRates Determined (Y/N)Total Trust Fund Balance NAssumptions 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 Y$434,800,000The total amount of dollars accumulated at the end of the appropriate year: (see below)Virginia Electric and Power CompanyLicensee:$269,900,000Amount in Trust Fund:$269,900,000Real Rate of ReturnPUC Verified (Y/N) Plant name:Surry Power Station, Unit 1 50-280RAI Needed (Y/N)PUC Verified (Y/N)Provided Docket 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)

Datasheet 2Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011Secondary Review: Kosmas Lois Date: 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 5PWR 2587$97,765,600112.81.980.652.231.676191.4114.23.049250.082.00.132.2530.2212.28% Owned:Category100.00%1 2%21.40See Annuity SheetSee Annuity Sheet 2%7 Bx Ex LxECIBase LxBase Px2010Year:Surry Power Station, Unit 1Docket Number:Date of Operation:Latest Month Fx$424,270,315Years remaining after annuity Px50-2802531Termination of Operations:2032 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$434,682,511NRC Minimum:$434,682,511Trust Fund Balance:Step 1: FxSite Specific:Total Step 2:Years Left in LicenseN/AReal Rate of Return per yearDoes Licensee Pass:

NOSee Total Step 2$31,541,458Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthVirginia Electric and Power CompanyTotal Annuity:Step 3:$269,900,000Amount in Trust Fund:$11,936,907Total Earnings:$412,333,408Real Rate of Return per yearTotal of Steps 1 thru 3:See Annuity SheetNumber of Annual Payments:Accumulation:Step 2:Earnings Credit:$269,900,000Decom Period:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Fund Balance:$269,900,000Total Step 1 + Step 2$424,270,315 NOShortfall:

NODoes Licensee Pass:Does Licensee Pass:YES$455,811,772 Datasheet 2Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011Secondary Review: Kosmas Lois Date: 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 52010Year:Surry Power Station, Unit 1Docket Number:Date of Operation:50-2802531Termination of Operations:2032DayPlant name:2.00%21.40See Annuity SheetSee Annuity Sheet2.00%7Earnings Credit:Step 4:Shortfall:

NOReal Rate of Return per yearYears remaining after annuity$11,936,907Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in LicenseYES$31,541,458Total Step 5Total of Steps 4 thru 6:$455,811,772Does Licensee Pass:Total Earnings:N/A 22$424,270,315See Annuity SheetSee Total Step 4Decom Period:Step 6:$424,270,315See Total Step 4Does Licensee Pass:Real Rate of Return per year NOTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Real Rate of Return per yearAccumulation:Value of Annuity per year$269,900,000Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$412,333,408 NOIf licensee is granted greater than 2% RRR Datasheet 2Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011Secondary Review: Kosmas LoisDate: 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 5 25 2032YearAnnuity: 2011$433,800 2%$662,749 2012$433,800 2%$649,754 2013$433,800 2%$637,013 2014$433,800 2%$624,523 2015$433,800 2%$612,277 2016$433,800 2%$600,272 2017$433,800 2%$588,502 2018$433,800 2%$576,963 2019$433,800 2%$565,650 2020$433,800 2%$554,559 2021$433,800 2%$543,685 2022$433,800 2%$533,024 2023$433,800 2%$522,573 2024$433,800 2%$512,326 2025$433,800 2%$502,281 2026$433,800 2%$492,432 2027$433,800 2%$482,777 2028$433,800 2%$473,310 2029$433,800 2%$464,030 2030$433,800 2%$454,931 2031$433,800 2%$446,011 2032$433,800 2%$437,266Total:$11,936,907ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:

Datasheet 2Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011Secondary Review: Kosmas LoisDate: 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 5 25 2032ANNUITYTermination of Operations:YearAnnuity: 2011$433,8002.00%$662,749 2012$433,8002.00%$649,754 2013$433,8002.00%$637,013 2014$433,8002.00%$624,523 2015$433,8002.00%$612,277 2016$433,8002.00%$600,272 2017$433,8002.00%$588,502 2018$433,8002.00%$576,963 2019$433,8002.00%$565,650 2020$433,8002.00%$554,559 2021$433,8002.00%$543,685 2022$433,8002.00%$533,024 2023$433,8002.00%$522,573 2024$433,8002.00%$512,326 2025$433,8002.00%$502,281 2026$433,8002.00%$492,432 2027$433,8002.00%$482,777 2028$433,8002.00%$473,310 2029$433,8002.00%$464,030 2030$433,8002.00%$454,931 2031$433,8002.00%$446,011 2032$433,8002.00%$437,266Total:$11,936,907If licensee is granted greater than 2% RRRReal Rate of Return:Total Accumulation