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| issue date = 11/14/2011
| issue date = 11/14/2011
| title = 2010 DFS Report Analysis for North Anna Power Station, Unit 1
| title = 2010 DFS Report Analysis for North Anna Power Station, Unit 1
| author name = Szabo A L
| author name = Szabo A
| author affiliation = NRC/NRR/DIRS
| author affiliation = NRC/NRR/DIRS
| addressee name =  
| addressee name =  
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| page count = 5
| page count = 5
}}
}}
=Text=
{{#Wiki_filter:Datasheet 1 Plant name:                              North Anna Power Station, Unit 1                                                      Docket Number:                                  50-338 1      The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):                                                                      $450,040,000 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 Company          89.26%          1                      $221,300,000 Old Dominion Electric Cooperative          10.74%          1                      $34,200,000 Total Trust Fund Balance        $255,500,000 3      Schedule of the annual amounts remaining to be collected: (provided/none)                                                                                  None 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)2 Post-RAI Rate of                                                              PUC                                  RAI        PUC        Allowed        Rates Rate(s) of    Real Rate              Allowed through Decom Return on        Escalation Rate                                    Verified                            Needed    Verified    through    Determined Other Factors of Return                            (Y/N)
Earnings                                                              (Y/N)                                (Y/N)      (Y/N)    Decom (Y/N)      (Y/N) variable1          variable1                          variable1      N                  N                Y          N            N              Y 5      Any contracts upon which the licensee is relying? (Y/N)                                                                                                      Y2 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) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 2
ODEC has wholesale power contracts with 11 member distribution cooperatives. For NRC reference, ODEC has attached its Second Amended and Restated Wholesale Power Contract with A&N Electric Cooperative.
Signature: Jo Ann Simpson Date: 07/12/2011                                                                                                                                      Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011                                                                                                                          Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name:                                North Anna Power Station, Unit 1                                        Docket Number:                50-338 Month:                Day                    Year:
Date of Operation:                                          12                  31                      2010 Termination of Operations:                                          4                  1                      2038 Latest                  Latest BWR/PWR                MWth            1986$            ECI      Base Lx                      Lx          Px                Base Px    Fx            Base Fx      Ex                      Bx Month Px                Month Fx PWR                2940        $100,872,000        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:                                      $448,494,095                                Site Specific:
Amount of NRC Minimum/Site Licensee:                    % Owned:        Category                  Specific:                Amount in Trust Fund:
Virginia Electric and Power Company            89.26%            1                  $400,325,829                    $221,300,000 Old Dominion Electric Cooperative            10.74%            1                    $48,168,266                    $34,200,000 Total Fund Balance:          $255,500,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance:                per year      in License      Total Earnings:        Does Licensee Pass:
              $255,500,000                      2%            27.25          $438,283,784                  NO Step 2:
Accumulation:
Value of Annuity per year (amount/See Real Rate of Return      Number of Annual Annuity Sheet)                  per year              Payments:              Total Annuity:
See Annuity Sheet            See Annuity Sheet                                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                    $9,946,778 Total Step 1 + Step 2    Does Licensee Pass:
                                                                                              $448,230,562                  NO Step 3:
Decom Period:
Real Rate of Return  Decom        Total Earnings for Total Earnings:                  per year        Period:          Decom:
              $448,230,562                      2%              7            $33,322,730 Total of Steps 1 thru 3:  Does Licensee Pass:    Shortfall:
                                                                                              $481,553,292                  YES                NO Signature: Jo Ann Simpson Date: 07/12/2011                                                                                                                                                                Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011                                                                                                                                                    Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name:                                    North Anna Power Station, Unit 1                                  Docket Number:      50-338 Month:                Day                  Year:
Date of Operation:                                            12                31                  2010 Termination of Operations:                                          4                  1                  2038 If licensee is granted greater than 2% RRR Step 4:
Earnings Credit:
Real Rate  Years Left Owner                                Trust Fund Balance:        of Return  in License      Total Earnings:      Does Licensee Pass:
Virginia Electric Power
                                        $221,300,000            2.00%        27.25          $463,807,639              YES Company Old Dominion                            $34,200,000            3.36%
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            0                        $0 Real Rate of Return Years remaining after Total Annuity                      per year            annuity                Total Step 5
                    $0                      See Annuity Sheet          N/A                  $9,946,778 Total Step 4 + Step 5  Does Licensee Pass:
                                                                                              $473,754,416              YES Step 6:
Decom Period:
Real Rate of Return  Decom        Total Earnings for Total Earnings:                      per year      Period:          Decom:
              $473,754,416                        2.00%          7            $35,220,246 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
                                                                                              $508,974,662              YES            NO Signature: Jo Ann Simpson Date: 07/12/2011                                                                                                                                        Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011                                                                                                                            Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations:                4            1 2038 Dominion's Contributions Real Rate      Total Year          Annuity:    of Return: Accumulation 2011        $267,120        2%        $458,231 2012        $267,120        2%        $449,246 2013        $267,120        2%        $440,438 2014        $267,120        2%        $431,801 2015        $267,120        2%        $423,335 2016        $267,120        2%        $415,034 2017        $267,120        2%        $406,896 2018        $267,120        2%        $398,918 2019        $267,120        2%        $391,096 2020        $267,120        2%        $383,427 2021        $267,120        2%        $375,909 2022        $267,120        2%        $368,538 2023        $267,120        2%        $361,312 2024        $267,120        2%        $354,228 2025        $267,120        2%        $347,282 2026        $267,120        2%        $340,473 2027        $267,120        2%        $333,797 2028        $267,120        2%        $327,252 2029        $267,120        2%        $320,835 2030        $267,120        2%        $314,544 2031        $267,120        2%        $308,376 2032        $267,120        2%        $302,330 2033        $267,120        2%        $296,402 2034        $267,120        2%        $290,590 2035        $267,120        2%        $284,892 2036        $267,120        2%        $279,306 2037        $267,120        2%        $273,829 2038        $267,120        2%        $268,460 Total:        $9,946,778 Signature: Jo Ann Simpson Date: 07/12/2011                                              Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011                                  Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations:                      4            1 2038 If licensee is granted greater than 2% RRR Real Rate      Total Year          Annuity:      of Return: Accumulation 2011          $267,120          2.00%        $458,231 2012          $267,120          2.00%        $449,246 2013          $267,120          2.00%        $440,438 2014          $267,120          2.00%        $431,801 2015          $267,120          2.00%        $423,335 2016          $267,120          2.00%        $415,034 2017          $267,120          2.00%        $406,896 2018          $267,120          2.00%        $398,918 2019          $267,120          2.00%        $391,096 2020          $267,120          2.00%        $383,427 2021          $267,120          2.00%        $375,909 2022          $267,120          2.00%        $368,538 2023          $267,120          2.00%        $361,312 2024          $267,120          2.00%        $354,228 2025          $267,120          2.00%        $347,282 2026          $267,120          2.00%        $340,473 2027          $267,120          2.00%        $333,797 2028          $267,120          2.00%        $327,252 2029          $267,120          2.00%        $320,835 2030          $267,120          2.00%        $314,544 2031          $267,120          2.00%        $308,376 2032          $267,120          2.00%        $302,330 2033          $267,120          2.00%        $296,402 2034          $267,120          2.00%        $290,590 2035          $267,120          2.00%        $284,892 2036          $267,120          2.00%        $279,306 2037          $267,120          2.00%        $273,829 2038          $267,120          2.00%        $268,460 Total:        $9,946,778 Signature: Jo Ann Simpson Date: 07/12/2011                                                    Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011                                        Formulas verified by: Clayton Pittiglio}}

Latest revision as of 16:38, 12 November 2019

2010 DFS Report Analysis for North Anna Power Station, Unit 1
ML112370155
Person / Time
Site: North Anna 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: ML112370155 (5)
v • d • e


Text

Datasheet 1 Plant name: North Anna Power Station, Unit 1 Docket Number: 50-338 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $450,040,000 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 Company 89.26% 1 $221,300,000 Old Dominion Electric Cooperative 10.74% 1 $34,200,000 Total Trust Fund Balance $255,500,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) None 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)2 Post-RAI Rate of PUC RAI PUC Allowed Rates Rate(s) of Real Rate Allowed through Decom Return on Escalation Rate Verified Needed Verified through Determined Other Factors of Return (Y/N)

Earnings (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) variable1 variable1 variable1 N N Y N N Y 5 Any contracts upon which the licensee is relying? (Y/N) Y2 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) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission 2

ODEC has wholesale power contracts with 11 member distribution cooperatives. For NRC reference, ODEC has attached its Second Amended and Restated Wholesale Power Contract with A&N Electric Cooperative.

Signature: Jo Ann Simpson Date: 07/12/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: North Anna Power Station, Unit 1 Docket Number: 50-338 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 4 1 2038 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 2940 $100,872,000 112.8 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: $448,494,095 Site Specific:

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

Virginia Electric and Power Company 89.26% 1 $400,325,829 $221,300,000 Old Dominion Electric Cooperative 10.74% 1 $48,168,266 $34,200,000 Total Fund Balance: $255,500,000 Step 1:

Earnings Credit:

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

$255,500,000 2% 27.25 $438,283,784 NO Step 2:

Accumulation:

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

See Annuity Sheet See Annuity Sheet 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 $9,946,778 Total Step 1 + Step 2 Does Licensee Pass:

$448,230,562 NO Step 3:

Decom Period:

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

$448,230,562 2% 7 $33,322,730 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$481,553,292 YES NO Signature: Jo Ann Simpson Date: 07/12/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: North Anna Power Station, Unit 1 Docket Number: 50-338 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 4 1 2038 If licensee is granted greater than 2% RRR Step 4:

Earnings Credit:

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

Virginia Electric Power

$221,300,000 2.00% 27.25 $463,807,639 YES Company Old Dominion $34,200,000 3.36%

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 0 $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5

$0 See Annuity Sheet N/A $9,946,778 Total Step 4 + Step 5 Does Licensee Pass:

$473,754,416 YES Step 6:

Decom Period:

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

$473,754,416 2.00% 7 $35,220,246 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$508,974,662 YES NO Signature: Jo Ann Simpson Date: 07/12/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 4 1 2038 Dominion's Contributions Real Rate Total Year Annuity: of Return: Accumulation 2011 $267,120 2% $458,231 2012 $267,120 2% $449,246 2013 $267,120 2% $440,438 2014 $267,120 2% $431,801 2015 $267,120 2% $423,335 2016 $267,120 2% $415,034 2017 $267,120 2% $406,896 2018 $267,120 2% $398,918 2019 $267,120 2% $391,096 2020 $267,120 2% $383,427 2021 $267,120 2% $375,909 2022 $267,120 2% $368,538 2023 $267,120 2% $361,312 2024 $267,120 2% $354,228 2025 $267,120 2% $347,282 2026 $267,120 2% $340,473 2027 $267,120 2% $333,797 2028 $267,120 2% $327,252 2029 $267,120 2% $320,835 2030 $267,120 2% $314,544 2031 $267,120 2% $308,376 2032 $267,120 2% $302,330 2033 $267,120 2% $296,402 2034 $267,120 2% $290,590 2035 $267,120 2% $284,892 2036 $267,120 2% $279,306 2037 $267,120 2% $273,829 2038 $267,120 2% $268,460 Total: $9,946,778 Signature: Jo Ann Simpson Date: 07/12/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 4 1 2038 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $267,120 2.00% $458,231 2012 $267,120 2.00% $449,246 2013 $267,120 2.00% $440,438 2014 $267,120 2.00% $431,801 2015 $267,120 2.00% $423,335 2016 $267,120 2.00% $415,034 2017 $267,120 2.00% $406,896 2018 $267,120 2.00% $398,918 2019 $267,120 2.00% $391,096 2020 $267,120 2.00% $383,427 2021 $267,120 2.00% $375,909 2022 $267,120 2.00% $368,538 2023 $267,120 2.00% $361,312 2024 $267,120 2.00% $354,228 2025 $267,120 2.00% $347,282 2026 $267,120 2.00% $340,473 2027 $267,120 2.00% $333,797 2028 $267,120 2.00% $327,252 2029 $267,120 2.00% $320,835 2030 $267,120 2.00% $314,544 2031 $267,120 2.00% $308,376 2032 $267,120 2.00% $302,330 2033 $267,120 2.00% $296,402 2034 $267,120 2.00% $290,590 2035 $267,120 2.00% $284,892 2036 $267,120 2.00% $279,306 2037 $267,120 2.00% $273,829 2038 $267,120 2.00% $268,460 Total: $9,946,778 Signature: Jo Ann Simpson Date: 07/12/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Signature: Kosmas Lois 7/26/2011 Formulas verified by: Clayton Pittiglio

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