ML112351250

2010 DFS Report Analysis for Calvert Cliffs Nuclear Power Plant, Unit 1

ML112351250
Person / Time
Site:	Calvert Cliffs
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112351250 (5)

Text

Datasheet 1Signature: Michael Purdie and JoAnn SimpsonDate: 06/29/2011 Signature: Aaron L. Szabo Date: 7/11/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:100.00%2 3 46.00%4.00%2.00%N Y Y N Y Y 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7Total Trust Fund BalanceConstellation Energy Nuclear GroupLicensee:$209,177,000Amount 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)Y$439,553,000The total amount of dollars accumulated at the end of the appropriate year: (see below)

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$209,177,000Real Rate of ReturnPUC Verified (Y/N)1 CENG has decided to start using a site-specific cost estimatePlant name:Calvert Cliffs Nuclear Power Plant, Unit 150-317RAI 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)

Datasheet 2Signature: Michael Purdie and JoAnn SimpsonDate: 06/29/2011 Signature: Aaron L. Szabo Date: 7/11/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 7PWR 2737$99,085,600112.81.980.652.231.676191.4114.23.049250.082.00.132.2530.2212.28% Owned:Category100.00%2 2%23.58 2%2%2%7 Bx Ex LxECIBase LxBase Px2010Year:Calvert Cliffs Nuclear Power Plant, Unit 1Docket Number:Date of Operation:Latest Month Fx$333,683,435Years remaining after annuity Px50-3173131Termination of Operations:2034 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$602,303,000NRC Minimum:$440,551,456Trust Fund Balance:Step 1: FxSite Specific:$602,303,000Total Step 2:Years Left in License23.58Real Rate of Return per yearDoes Licensee Pass:

NO$0$24,806,972Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthConstellation Energy Nuclear GroupTotal Annuity:Step 3:$209,177,000Amount in Trust Fund:

$0Total Earnings:$333,683,435Real Rate of Return per yearTotal of Steps 1 thru 3:Number of Annual Payments:Accumulation:Step 2:Earnings Credit:$209,177,000Decom Period:

$0Total AnnuityReal Rate of Return per yearTotal Fund Balance:$209,177,000Total Step 1 + Step 2$333,683,435($243,812,593)Shortfall:

NODoes Licensee Pass:Does Licensee Pass:

NO$358,490,407 Datasheet 2Signature: Michael Purdie and JoAnn SimpsonDate: 06/29/2011 Signature: Aaron L. Szabo Date: 7/11/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 72010Year:Calvert Cliffs Nuclear Power Plant, Unit 1Docket Number:Date of Operation:50-3173131Termination of Operations:2034DayPlant name:2.00%23.582.00%2.00%2.00%7Earnings Credit:Step 4:Shortfall:($243,812,593)Real Rate of Return per yearYears remaining after annuity$0Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in License NO$24,806,972Total Step 5Total of Steps 4 thru 6:$358,490,407Does Licensee Pass:Total Earnings:23.58 0$333,683,435

$0$0Decom Period:Step 6:$333,683,435

$0Does 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$209,177,000Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$333,683,435 NOIf licensee is granted greater than 2% RRR Signature: Michael Purdie and JoAnn SimpsonDate: 06/29/2011 Signature: Aaron L. Szabo Date: 7/11/2011 7 31 20342.00%PlantSpent Fuel 2034$333,683,435$5,413,000N/A2.00%$334,889,974 2035$334,889,974$7,680,000N/A2.00%$333,830,973 2036$333,830,973$27,216,000N/A2.00%$313,019,433 2037$313,019,433$40,935,000N/A2.00%$277,935,471 2038$277,935,471$3,616,000N/A2.00%$279,842,021 2039$279,842,021$3,616,000N/A2.00%$281,786,701 2040$281,786,701$3,616,000N/A2.00%$283,770,275 2041$283,770,275$9,248,000N/A2.00%$280,105,201 2042$280,105,201$11,053,000N/A2.00%$274,543,775 2043$274,543,775$2,570,000N/A2.00%$277,438,950 2044$277,438,950$2,570,000N/A2.00%$280,392,029 2045$280,392,029$2,570,000N/A2.00%$283,404,170 2046$283,404,170$2,570,000N/A2.00%$286,476,553 2047$286,476,553$2,570,000N/A2.00%$289,610,384 2048$289,610,384$2,570,000N/A2.00%$292,806,892 2049$292,806,892$2,570,000N/A2.00%$296,067,330 2050$296,067,330$2,570,000N/A2.00%$299,392,976 2051$299,392,976$2,570,000N/A2.00%$302,785,136 2052$302,785,136$2,570,000N/A2.00%$306,245,139 2053$306,245,139$2,570,000N/A2.00%$309,774,341 2054$309,774,341$2,570,000N/A2.00%$313,374,128 2055$313,374,128$2,570,000N/A2.00%$317,045,911 2056$317,045,911$3,061,000N/A2.00%$320,295,219 2057$320,295,219$2,570,000N/A2.00%$324,105,423 2058$324,105,423$2,570,000N/A2.00%$327,991,832 2059$327,991,832$2,570,000N/A2.00%$331,955,968Beginning Trust Fund BalanceYearReal Rate of ReturnEnd of Year Trust Fund BalanceExpense Per YearSAFSTOR ANALYSISName of Licensee:Operations Termination Date:Real Rate of Return:Constellation Energy Nuclear GroupEnd of Operations Balance:$333,683,435Name of Unit:Calvert Cliffs Nuclear Power Plant, Unit 1 Signature: Michael Purdie and JoAnn SimpsonDate: 06/29/2011 Signature: Aaron L. Szabo Date: 7/11/2011 2060$331,955,968$2,570,000N/A2.00%$335,999,388 2061$335,999,388$2,570,000N/A2.00%$340,123,676 2062$340,123,676$2,570,000N/A2.00%$344,330,449 2063$344,330,449$2,570,000N/A2.00%$348,621,358 2064$348,621,358$2,570,000N/A2.00%$352,998,085 2065$352,998,085$2,904,000N/A2.00%$357,125,007 2066$357,125,007$2,990,000N/A2.00%$361,247,607 2067$361,247,607$2,990,000N/A2.00%$365,452,659 2068$365,452,659$2,990,000N/A2.00%$369,741,812 2069$369,741,812$2,990,000N/A2.00%$374,116,749 2070$374,116,749$2,990,000N/A2.00%$378,579,184 2071$378,579,184$2,990,000N/A2.00%$383,130,867 2072$383,130,867$2,990,000N/A2.00%$387,773,585 2073$387,773,585$2,990,000N/A2.00%$392,509,156 2074$392,509,156$2,990,000N/A2.00%$397,339,439 2075$397,339,439$2,990,000N/A2.00%$402,266,328 2076$402,266,328$3,481,000N/A2.00%$406,795,845 2077$406,795,845$6,429,000N/A2.00%$408,438,472 2078$408,438,472$19,038,000N/A2.00%$397,378,861 2079$397,378,861$85,437,000N/A2.00%$319,035,068 2080$319,035,068$120,232,000N/A2.00%$203,981,450 2081$203,981,450$74,913,000N/A2.00%$132,398,949 2082$132,398,949$51,620,000N/A2.00%$82,910,728 2083$82,910,728$38,836,000N/A2.00%$45,344,582 2084$45,344,582$87,000N/A2.00%$45,831,043