ML112370020

2010 DFS Report Analysis for Hope Creek Nuclear Power Station

ML112370020
Person / Time
Site:	Hope Creek
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112370020 (5)

Text

Datasheet 1Signature: Michael Purdie and Jo Ann SimpsonDate: 04/06/2011 Signature: Aaron L. Szabo Date: 9/21/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:100.00%2 3 42.00%5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 1 As of December 21, 2010, PSEG Nuclear has prepaid its nuclear decommissioning liabilityPlant name:Hope Creek Nuclear Power Station50-354RAI 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):Escalation RateAllowed through Decom (Y/N)$390,030,000Real Rate of ReturnPUC Verified (Y/N)Y$628,450,000The total amount of dollars accumulated at the end of the appropriate year: (see below)PSEG NuclearLicensee:$390,030,000Amount in Trust Fund:

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)

Y 1Post-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 Datasheet 2Signature: Michael Purdie and Jo Ann SimpsonDate: 04/06/2011Signature: Aaron L. Szabo Date: 9/21/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 4BWR 3840$135,000,000113.62.160.652.451.676191.4114.23.049250.082.00.132.3070.2212.54% Owned:Category100.00%2 2%15.28 2%2%2%7$567,072,990($61,178,773)Shortfall:

NODoes Licensee Pass:Does Licensee Pass:

NOTotal of Steps 1 thru 3:Number of Annual Payments:Accumulation:Step 2:Earnings Credit:$390,030,000Decom Period:

$0Total AnnuityReal Rate of Return per yearTotal Fund Balance:$390,030,000Total Step 1 + Step 2$527,832,432$39,240,559Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthPSEG NuclearTotal Annuity:Step 3:$390,030,000Amount in Trust Fund:

$0Total Earnings:$527,832,432Real Rate of Return per year FxSite Specific:Total Step 2:Years Left in License15.28Real Rate of Return per yearDoes Licensee Pass:

NO$0$527,832,432Years remaining after annuity Px50-3541131Termination of Operations:2026 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$628,251,763NRC Minimum:$628,251,763Trust Fund Balance:Step 1: Bx Ex LxECIBase LxBase Px2010Year:Hope Creek Nuclear Power StationDocket Number:Date of Operation:Latest Month Fx Datasheet 2Signature: Michael Purdie and Jo Ann SimpsonDate: 04/06/2011Signature: Aaron L. Szabo Date: 9/21/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 450-3541131Termination of Operations:2026DayPlant name:2010Year:Hope Creek Nuclear Power StationDocket Number:Date of Operation:2.00%15.282.00%2.00%2.00%7Real Rate of Return per yearAccumulation:Value of Annuity per year$390,030,000Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$527,832,432 NOIf licensee is granted greater than 2% RRR NO$39,240,559Total Step 5Total of Steps 4 thru 6:$567,072,990Does Licensee Pass:Total Earnings:15.28 0$527,832,432

$0$0Decom Period:Step 6:$527,832,432

$0Does Licensee Pass:Real Rate of Return per year NOTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in LicenseShortfall:($61,178,773)Real Rate of Return per yearYears remaining after annuity$0Earnings Credit:Step 4:

Signature: Aaron L. SzaboDate: 9/21/2011 4 11 20262.00%PlantSpent Fuel 2026$540,374,931$7,800,000N/A2.00%$543,304,430 2027$543,304,430$45,100,000N/A2.00%$508,619,518 2028$508,619,518$19,100,000N/A2.00%$499,500,909 2029$499,500,909$2,600,000N/A2.00%$506,864,927 2030$506,864,927$2,600,000N/A2.00%$514,376,225 2031$514,376,225$2,600,000N/A2.00%$522,037,750 2032$522,037,750$2,600,000N/A2.00%$529,852,505 2033$529,852,505$2,600,000N/A2.00%$537,823,555 2034$537,823,555$2,600,000N/A2.00%$545,954,026 2035$545,954,026$2,600,000N/A2.00%$554,247,106 2036$554,247,106$2,600,000N/A2.00%$562,706,049 2037$562,706,049$2,600,000N/A2.00%$571,334,170 2038$571,334,170$2,600,000N/A2.00%$580,134,853 2039$580,134,853$2,600,000N/A2.00%$589,111,550 2040$589,111,550$2,600,000N/A2.00%$598,267,781 2041$598,267,781$2,600,000N/A2.00%$607,607,137 2042$607,607,137$2,600,000N/A2.00%$617,133,279 2043$617,133,279$2,600,000N/A2.00%$626,849,945 2044$626,849,945$2,600,000N/A2.00%$636,760,944 2045$636,760,944$2,600,000N/A2.00%$646,870,163 2046$646,870,163$2,600,000N/A2.00%$657,181,566 2047$657,181,566$2,600,000N/A2.00%$667,699,197 2048$667,699,197$2,600,000N/A2.00%$678,427,181 2049$678,427,181$2,600,000N/A2.00%$689,369,725 2050$689,369,725$2,600,000N/A2.00%$700,531,119 2051$700,531,119$2,600,000N/A2.00%$711,915,742Real Rate of ReturnEnd of Year Trust Fund BalanceEnd of Operations Balance:$540,374,931Real Rate of Return:YearBeginning Trust Fund BalanceExpense Per YearOperations Termination Date:SAFSTOR ANALYSISName of Unit:Hope Creek Nuclear Power StationName of Licensee:PSEG Signature: Aaron L. SzaboDate: 9/21/2011 4 11 20262.00%PlantSpent FuelReal Rate of ReturnEnd of Year Trust Fund BalanceEnd of Operations Balance:$540,374,931Real Rate of Return:YearBeginning Trust Fund BalanceExpense Per YearOperations Termination Date:SAFSTOR ANALYSISName of Unit:Hope Creek Nuclear Power StationName of Licensee:PSEG 2052$711,915,742$2,600,000N/A2.00%$723,528,057 2053$723,528,057$2,600,000N/A2.00%$735,372,618 2054$735,372,618$2,600,000N/A2.00%$747,454,070 2055$747,454,070$2,600,000N/A2.00%$759,777,152 2056$759,777,152$2,600,000N/A2.00%$772,346,695 2057$772,346,695$2,600,000N/A2.00%$785,167,628 2058$785,167,628$2,600,000N/A2.00%$798,244,981 2059$798,244,981$2,600,000N/A2.00%$811,583,881 2060$811,583,881$2,600,000N/A2.00%$825,189,558 2061$825,189,558$2,600,000N/A2.00%$839,067,349 2062$839,067,349$2,600,000N/A2.00%$853,222,696 2063$853,222,696$2,600,000N/A2.00%$867,661,150 2064$867,661,150$2,600,000N/A2.00%$882,388,373 2065$882,388,373$2,600,000N/A2.00%$897,410,141 2066$897,410,141$2,600,000N/A2.00%$912,732,344 2067$912,732,344$2,600,000N/A2.00%$928,360,991 2068$928,360,991$2,600,000N/A2.00%$944,302,210 2069$944,302,210$43,600,000N/A2.00%$919,152,255 2070$919,152,255$87,100,000N/A2.00%$849,564,300 2071$849,564,300$130,700,000N/A2.00%$734,548,586 2072$734,548,586$217,800,000N/A2.00%$529,261,557 2073$529,261,557$174,200,000N/A2.00%$363,904,788 2074$363,904,788$130,700,000N/A2.00%$239,175,884 2075$239,175,884$87,100,000N/A2.00%$155,988,402