ML112360130

2010 DFS Report Analysis for Fermi (Enrico) Atomic Power Plant, Unit 2

ML112360130
Person / Time
Site:	Fermi
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112360130 (5)

Text

Datasheet 1 Plant name: Fermi (Enrico) Atomic Power Plant, Unit 2 Docket Number: 50-341 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $968,000,000 Did the licensee identify the amount of estimated radiological funds? (Y/N) Y1 2 The total amount of dollars accumulated at the end of the appropriate year: (see below)

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

Detroit Edison 100.00% 1 $874,000,000 Total Trust Fund Balance $874,000,000 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 Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)

Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 7.00% 6.00% 1.00% N N Y Y N N 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) 1 The amount of MFA estimated is based on a Bx value that uses Direct Disposal without the use of Vendors Signature: Michael Purdie and Jo Ann Simpson Date: 06/30/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/27/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Fermi (Enrico) Atomic Power Plant, Unit 2 Docket Number: 50-341 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 3 20 2025 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx BWR 3430 $135,000,000 111.3 2.08 0.65 2.32 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.307 0.22 24.356 NRC Minimum: $967,014,283 Site Specific:

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

Detroit Edison 100.00% 1 $967,014,283 $874,000,000 Total Fund Balance: $874,000,000 Step 1:

Earnings Credit:

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

$874,000,000 2% 14.22 $1,158,256,369 YES Step 2:

Accumulation:

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

see annuity sheet See Annuity Sheet 15 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 $486,343,871 Total Step 1 + Step 2 Does Licensee Pass:

$1,644,600,240 YES Step 3:

Decom Period:

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

$1,644,600,240 2% 7 $122,264,242 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$1,766,864,483 YES NO Signature: Michael Purdie and Jo Ann Simpson Date: 06/30/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/27/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Fermi (Enrico) Atomic Power Plant, Unit 2 Docket Number: 50-341 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 3 20 2025 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:

$874,000,000 2.00% 14.22 $1,158,256,369 YES 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 15 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 $486,343,871 Total Step 4 + Step 5 Does Licensee Pass:

$1,644,600,240 YES Step 6:

Decom Period:

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

$1,644,600,240 2.00% 7 $122,264,242 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$1,766,864,483 YES NO Signature: Michael Purdie and Jo Ann Simpson Date: 06/30/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/27/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 3 20 2025 Real Rate Total Year Annuity: of Return: Accumulation 2011 $28,000,000 2% $37,107,786 2012 $28,000,000 2% $36,380,182 2013 $28,000,000 2% $35,666,845 2014 $28,000,000 2% $34,967,495 2015 $28,000,000 2% $34,281,858 2016 $28,000,000 2% $33,609,665 2017 $28,000,000 2% $32,950,652 2018 $28,000,000 2% $32,304,561 2019 $28,000,000 2% $31,671,138 2020 $28,000,000 2% $31,050,135 2021 $28,000,000 2% $30,441,309 2022 $28,000,000 2% $29,844,421 2023 $28,000,000 2% $29,259,236 2024 $28,000,000 2% $28,685,525 2025 $28,000,000 2% $28,123,064 Total: $486,343,871 Signature: Michael Purdie and Jo Ann Simpson Date: 06/30/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/27/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 3 20 2025 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2009 $0 2.00% $0 2010 $0 2.00% $0 2011 $28,000,000 2.00% $37,107,786 2012 $28,000,000 2.00% $36,380,182 2013 $28,000,000 2.00% $35,666,845 2014 $28,000,000 2.00% $34,967,495 2015 $28,000,000 2.00% $34,281,858 2016 $28,000,000 2.00% $33,609,665 2017 $28,000,000 2.00% $32,950,652 2018 $28,000,000 2.00% $32,304,561 2019 $28,000,000 2.00% $31,671,138 2020 $28,000,000 2.00% $31,050,135 2021 $28,000,000 2.00% $30,441,309 2022 $28,000,000 2.00% $29,844,421 2023 $28,000,000 2.00% $29,259,236 2024 $28,000,000 2.00% $28,685,525 2025 $28,000,000 2.00% $28,123,064 Total: $486,343,871 Signature: Michael Purdie and Jo Ann Simpson Date: 06/30/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/27/2011 Formulas verified by: Clayton Pittiglio