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| issue date = 11/14/2011
| issue date = 11/14/2011
| title = 2010 DFS Report Analysis for Surry Power Station, Unit 2
| title = 2010 DFS Report Analysis for Surry Power Station, Unit 2
| author name = Szabo A L
| author name = Szabo A
| author affiliation = NRC/NRR/DIRS
| author affiliation = NRC/NRR/DIRS
| addressee name =  
| addressee name =  
Line 15: Line 15:


=Text=
=Text=
{{#Wiki_filter:Datasheet 1Signature: Jo Ann Simpson/ Mike Purdie    Date: 06/20/2011Secondary Review: K. Lois 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) 7Virginia Electric and Power CompanyLicensee:$270,700,000Amount in Trust Fund:
{{#Wiki_filter:Datasheet 1 Plant name:                                   Surry Power Station, Unit 2                                                    Docket Number:                                 50-281 1        The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):                                                               $434,800,000 Did the licensee identify the amount of estimated radiological funds? (Y/N)                                                                Y 2                    The total amount of dollars accumulated at the end of the appropriate year: (see below)
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)
Licensee:            % Owned: Category:                      Amount in Trust Fund:
NPost-RAIRates Determined (Y/N)Y$434,800,000The total amount of dollars accumulated at the end of the appropriate year: (see below)
Virginia Electric and Power 100.00%          1                          $270,700,000 Company Total Trust Fund Balance        $270,700,000 3        Schedule of the annual amounts remaining to be collected: (provided/none)                                                                         Provided 4        Assumptions 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)
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$270,700,000Real Rate of ReturnPUC Verified (Y/N)Total Trust Fund BalancePlant name:Surry Power Station, Unit 250-281RAI Needed (Y/N)PUC Verified (Y/N)ProvidedDocket 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)
Post-RAI Rate of                      Rate(s) of                   PUC                                      RAI          PUC      Allowed        Rates Real Rate                  Allowed through Decom Return on    Escalation Rate      Other                  Verified                                Needed      Verified    through    Determined of Return                          (Y/N)
Datasheet 2Signature: Jo Ann Simpson/ Mike Purdie    Date: 06/20/2011 Secondary Review: K. Lois 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 1PWR 2587$97,765,600112.81.980.652.231.676191.4114.23.049250.082.00.132.2530.2212.28% Owned:Category100.00%1 2%22.08See Annuity SheetSee Annuity Sheet 2%7 Bx Ex LxECIBase LxBase Px2010Year:Surry Power Station, Unit 2Docket Number:Date of Operation:Latest Month Fx$432,982,333Years remaining after annuity Px50-2812931Termination of Operations:2033 1986$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:
Earnings                        Factors                  (Y/N)                                   (Y/N)         (Y/N)    Decom (Y/N)      (Y/N) 2.00%          N                                        Y            N          N            Y 5        Any contracts upon which the licensee is relying? (Y/N)                                                                                                 N 6        Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N)                                                         N 7        Any material changes to trust agreements? (Y/N)                                                                                                         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)
23Years Left in LicenseN/AReal Rate of Return per yearDoes Licensee Pass:
Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011                                                                                                                                    Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011                                                                                                                                Formulas verified by: Clayton Pittiglio
NOSee Total Step 2$32,189,134Total 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:$270,700,000Amount in Trust Fund:$13,839,938Total Earnings:$419,142,396Real Rate of Return per yearTotal of Steps 1 thru 3:See Annuity SheetNumber of Annual Payments:Accumulation:Step 2:Earnings Credit:$270,700,000Decom Period:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Fund Balance:$270,700,000Total Step 1 + Step 2$432,982,333 NOShortfall:
 
NODoes Licensee Pass:Does Licensee Pass:YES$465,171,467 Datasheet 2Signature: Jo Ann Simpson/ Mike Purdie     Date: 06/20/2011 Secondary Review: K. Lois 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 12010Year:Surry Power Station, Unit 2Docket Number:Date of Operation:50-2812931Termination of Operations:2033DayPlant name:2.00%22.08See Annuity SheetSee Annuity Sheet2.00%7Earnings Credit:Step 4:Shortfall:
Datasheet 2 Plant name:                                    Surry Power Station, Unit 2                                        Docket Number:               50-281 Month:                 Day                    Year:
NOReal Rate of Return per yearYears remaining after annuity$13,839,938Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in LicenseYES$32,189,134Total Step 5Total of Steps 4 thru 6:$465,171,467Does Licensee Pass:Total Earnings:N/A 23$432,982,333See Annuity SheetSee Total Step 4Decom Period:Step 6:$432,982,333See 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$270,700,000Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$419,142,396 NOIf licensee is granted greater than 2% RRR Datasheet 2Signature: Jo Ann Simpson/ Mike Purdie     Date: 06/20/2011Secondary Review: K. Lois 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 29 2033YearAnnuity: 2011$479,050 2%$741,768 2012$479,050 2%$727,223 2013$479,050 2%$712,964 2014$479,050 2%$698,984 2015$479,050 2%$685,279 2016$479,050 2%$671,842 2017$479,050 2%$658,668 2018$479,050 2%$645,753 2019$479,050 2%$633,092 2020$479,050 2%$620,678 2021$479,050 2%$608,508 2022$479,050 2%$596,576 2023$479,050 2%$584,879 2024$479,050 2%$573,411 2025$479,050 2%$562,167 2026$479,050 2%$551,144 2027$479,050 2%$540,338 2028$479,050 2%$529,743 2029$479,050 2%$519,356 2030$479,050 2%$509,172 2031$479,050 2%$499,188 2032$479,050 2%$489,400 2033$479,050 2%$479,804Total:$13,839,938ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:
Date of Operation:                                         12                  31                      2010 Termination of Operations:                                         1                  29                      2033 Latest                  Latest BWR/PWR              MWth                  1986$            ECI      Base Lx                      Lx          Px                Base Px    Fx            Base Fx      Ex                      Bx Month Px                  Month Fx PWR                  2587             $97,765,600        112.8        1.98        0.65        2.23       1.676      191.4    114.2    3.049  250.0    82.0  0.13 2.253      0.22         12.28 NRC Minimum:                                    $434,682,511                                Site Specific:
Datasheet 2Signature: Jo Ann Simpson/ Mike Purdie    Date: 06/20/2011Secondary Review: K. Lois 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 29 2033ANNUITYTermination of Operations:YearAnnuity: 2011$479,0502.00%$741,768 2012$479,0502.00%$727,223 2013$479,0502.00%$712,964 2014$479,0502.00%$698,984 2015$479,0502.00%$685,279 2016$479,0502.00%$671,842 2017$479,0502.00%$658,668 2018$479,0502.00%$645,753 2019$479,0502.00%$633,092 2020$479,0502.00%$620,678 2021$479,0502.00%$608,508 2022$479,0502.00%$596,576 2023$479,0502.00%$584,879 2024$479,0502.00%$573,411 2025$479,0502.00%$562,167 2026$479,0502.00%$551,144 2027$479,0502.00%$540,338 2028$479,0502.00%$529,743 2029$479,0502.00%$519,356 2030$479,0502.00%$509,172 2031$479,0502.00%$499,188 2032$479,0502.00%$489,400 2033$479,0502.00%$479,804Total:$13,839,938If licensee is granted greater than 2% RRRReal Rate of Return:Total Accumulation}}
Amount of NRC Minimum/Site Licensee:                   % Owned:        Category                  Specific:                Amount in Trust Fund:
Virginia Electric and Power 100.00%            1                  $434,682,511                    $270,700,000 Company Total Fund Balance:         $270,700,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance:              per year       in License      Total Earnings:        Does Licensee Pass:
            $270,700,000                      2%            22.08          $419,142,396                  NO Step 2:
Accumulation:
Value of Annuity per year        Real Rate of Return   Number of Annual (amount/See Annuity Sheet)            per year              Payments:               Total Annuity:
See Annuity Sheet            See Annuity Sheet            23                See Total Step 2 Real Rate of Return  Years remaining after Total Annuity                  per year                annuity                Total Step 2:
See Total Step 2            See Annuity Sheet            N/A                    $13,839,938 Total Step 1 + Step 2     Does Licensee Pass:
                                                                                          $432,982,333                  NO Step 3:
Decom Period:
Real Rate of Return   Decom        Total Earnings for Total Earnings:                per year        Period:            Decom:
            $432,982,333                      2%              7            $32,189,134 Total of Steps 1 thru 3:   Does Licensee Pass:     Shortfall:
                                                                                          $465,171,467                 YES                NO Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011                                                                                                                                                                 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011                                                                                                                                                            Formulas verified by: Clayton Pittiglio
 
Datasheet 2 Plant name:                                       Surry Power Station, Unit 2                                        Docket Number:     50-281 Month:                Day                    Year:
Date of Operation:                                           12                  31                      2010 Termination of Operations:                                             1                  29                      2033 If licensee is granted greater than 2% RRR Step 4:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance:                  per year      in License      Total Earnings:        Does Licensee Pass:
            $270,700,000                        2.00%          22.08          $419,142,396                  NO Step 5:
Accumulation:
Real Rate of Return   Number of Annual Value of Annuity per year                 per year            Payments:              Total Annuity:
See Annuity Sheet              See Annuity Sheet            23                See Total Step 4 Real Rate of Return Years remaining after Total Annuity                      per year              annuity                Total Step 5 See Total Step 4              See Annuity Sheet            N/A                    $13,839,938 Total Step 4 + Step 5     Does Licensee Pass:
                                                                                            $432,982,333                  NO Step 6:
Decom Period:
Real Rate of Return  Decom        Total Earnings for Total Earnings:                   per year        Period:            Decom:
            $432,982,333                        2.00%             7            $32,189,134 Total of Steps 4 thru 6:  Does Licensee Pass: Shortfall:
                                                                                            $465,171,467                  YES          NO Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011                                                                                                                                          Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011                                                                                                                                    Formulas verified by: Clayton Pittiglio
 
Datasheet 2 ANNUITY Termination of Operations:                1            29 2033 Real Rate    Total Year          Annuity:      of Return: Accumulation 2011        $479,050         2%       $741,768 2012        $479,050         2%       $727,223 2013        $479,050         2%       $712,964 2014        $479,050         2%       $698,984 2015        $479,050         2%       $685,279 2016        $479,050         2%       $671,842 2017        $479,050         2%       $658,668 2018        $479,050         2%       $645,753 2019        $479,050         2%       $633,092 2020        $479,050         2%       $620,678 2021        $479,050         2%       $608,508 2022        $479,050         2%       $596,576 2023        $479,050         2%       $584,879 2024        $479,050         2%       $573,411 2025        $479,050         2%       $562,167 2026        $479,050         2%       $551,144 2027        $479,050         2%       $540,338 2028        $479,050         2%       $529,743 2029        $479,050          2%      $519,356 2030        $479,050          2%      $509,172 2031        $479,050          2%      $499,188 2032        $479,050          2%       $489,400 2033        $479,050          2%       $479,804 Total:      $13,839,938 Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011                                              Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011                                          Formulas verified by: Clayton Pittiglio
 
Datasheet 2 ANNUITY Termination of Operations:                      1            29 2033 If licensee is granted greater than 2% RRR Real Rate      Total Year          Annuity:      of Return: Accumulation 2011          $479,050          2.00%       $741,768 2012          $479,050          2.00%       $727,223 2013          $479,050          2.00%       $712,964 2014          $479,050          2.00%       $698,984 2015          $479,050          2.00%       $685,279 2016          $479,050          2.00%       $671,842 2017          $479,050          2.00%       $658,668 2018          $479,050          2.00%       $645,753 2019          $479,050          2.00%       $633,092 2020          $479,050          2.00%       $620,678 2021          $479,050          2.00%       $608,508 2022          $479,050          2.00%       $596,576 2023          $479,050          2.00%       $584,879 2024          $479,050          2.00%       $573,411 2025          $479,050          2.00%       $562,167 2026          $479,050          2.00%       $551,144 2027          $479,050          2.00%       $540,338 2028          $479,050          2.00%       $529,743 2029          $479,050          2.00%        $519,356 2030          $479,050          2.00%       $509,172 2031          $479,050          2.00%        $499,188 2032          $479,050          2.00%        $489,400 2033          $479,050          2.00%        $479,804 Total:      $13,839,938 Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011                                                    Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011                                              Formulas verified by: Clayton Pittiglio}}

Latest revision as of 15:31, 12 November 2019

2010 DFS Report Analysis for Surry Power Station, Unit 2
ML112380108
Person / Time
Site: Surry Dominion icon.png
Issue date: 11/14/2011
From: Szabo A
Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112380108 (5)
v • d • e


Text

Datasheet 1 Plant name: Surry Power Station, Unit 2 Docket Number: 50-281 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $434,800,000 Did the licensee identify the amount of estimated radiological funds? (Y/N) Y 2 The total amount of dollars accumulated at the end of the appropriate year: (see below)

Licensee:  % Owned: Category: Amount in Trust Fund:

Virginia Electric and Power 100.00% 1 $270,700,000 Company Total Trust Fund Balance $270,700,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) Provided 4 Assumptions 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)

Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Allowed through Decom Return on Escalation Rate Other Verified Needed Verified through Determined of Return (Y/N)

Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 2.00% N Y N N Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) 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)

Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Surry Power Station, Unit 2 Docket Number: 50-281 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 1 29 2033 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 2587 $97,765,600 112.8 1.98 0.65 2.23 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28 NRC Minimum: $434,682,511 Site Specific:

Amount of NRC Minimum/Site Licensee:  % Owned: Category Specific: Amount in Trust Fund:

Virginia Electric and Power 100.00% 1 $434,682,511 $270,700,000 Company Total Fund Balance: $270,700,000 Step 1:

Earnings Credit:

Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:

$270,700,000 2% 22.08 $419,142,396 NO Step 2:

Accumulation:

Value of Annuity per year Real Rate of Return Number of Annual (amount/See Annuity Sheet) per year Payments: Total Annuity:

See Annuity Sheet See Annuity Sheet 23 See Total Step 2 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:

See Total Step 2 See Annuity Sheet N/A $13,839,938 Total Step 1 + Step 2 Does Licensee Pass:

$432,982,333 NO Step 3:

Decom Period:

Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:

$432,982,333 2% 7 $32,189,134 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$465,171,467 YES NO Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Surry Power Station, Unit 2 Docket Number: 50-281 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 1 29 2033 If licensee is granted greater than 2% RRR Step 4:

Earnings Credit:

Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:

$270,700,000 2.00% 22.08 $419,142,396 NO Step 5:

Accumulation:

Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:

See Annuity Sheet See Annuity Sheet 23 See Total Step 4 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5 See Total Step 4 See Annuity Sheet N/A $13,839,938 Total Step 4 + Step 5 Does Licensee Pass:

$432,982,333 NO Step 6:

Decom Period:

Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:

$432,982,333 2.00% 7 $32,189,134 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$465,171,467 YES NO Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 1 29 2033 Real Rate Total Year Annuity: of Return: Accumulation 2011 $479,050 2% $741,768 2012 $479,050 2% $727,223 2013 $479,050 2% $712,964 2014 $479,050 2% $698,984 2015 $479,050 2% $685,279 2016 $479,050 2% $671,842 2017 $479,050 2% $658,668 2018 $479,050 2% $645,753 2019 $479,050 2% $633,092 2020 $479,050 2% $620,678 2021 $479,050 2% $608,508 2022 $479,050 2% $596,576 2023 $479,050 2% $584,879 2024 $479,050 2% $573,411 2025 $479,050 2% $562,167 2026 $479,050 2% $551,144 2027 $479,050 2% $540,338 2028 $479,050 2% $529,743 2029 $479,050 2% $519,356 2030 $479,050 2% $509,172 2031 $479,050 2% $499,188 2032 $479,050 2% $489,400 2033 $479,050 2% $479,804 Total: $13,839,938 Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 1 29 2033 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $479,050 2.00% $741,768 2012 $479,050 2.00% $727,223 2013 $479,050 2.00% $712,964 2014 $479,050 2.00% $698,984 2015 $479,050 2.00% $685,279 2016 $479,050 2.00% $671,842 2017 $479,050 2.00% $658,668 2018 $479,050 2.00% $645,753 2019 $479,050 2.00% $633,092 2020 $479,050 2.00% $620,678 2021 $479,050 2.00% $608,508 2022 $479,050 2.00% $596,576 2023 $479,050 2.00% $584,879 2024 $479,050 2.00% $573,411 2025 $479,050 2.00% $562,167 2026 $479,050 2.00% $551,144 2027 $479,050 2.00% $540,338 2028 $479,050 2.00% $529,743 2029 $479,050 2.00% $519,356 2030 $479,050 2.00% $509,172 2031 $479,050 2.00% $499,188 2032 $479,050 2.00% $489,400 2033 $479,050 2.00% $479,804 Total: $13,839,938 Signature: Jo Ann Simpson/ Mike Purdie Date: 06/20/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: K. Lois 7/28/2011 Formulas verified by: Clayton Pittiglio

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