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| issue date = 11/14/2011
| issue date = 11/14/2011
| title = 2010 DFS Report Analysis for Fermi (Enrico) Atomic Power Plant, Unit 2
| title = 2010 DFS Report Analysis for Fermi (Enrico) Atomic Power Plant, 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 =  
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| page count = 5
| page count = 5
}}
}}
=Text=
{{#Wiki_filter: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}}

Latest revision as of 16:43, 12 November 2019

2010 DFS Report Analysis for Fermi (Enrico) Atomic Power Plant, Unit 2
ML112360130
Person / Time
Site: Fermi DTE Energy 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: ML112360130 (5)
v • d • e


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

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