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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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=Text=
=Text=
{{#Wiki_filter:Datasheet 1Signature: Michael Purdie and Jo Ann Simpson Date: 06/30/2011 Signature: Aaron L. Szabo
{{#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


Date: 7/27/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:100.00%1 3 47.00%6.00%1.00%N N Y Y N N 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Detroit EdisonIf 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 VendorsLicensee:$874,000,000Amount in Trust Fund:
Datasheet 2 Plant name:                   Fermi (Enrico) Atomic Power Plant, Unit 2                                        Docket Number:                 50-341 Month:                Day                      Year:
NAny material changes to trust agreements? (Y/N)
Date of Operation:                                     12                31                      2010 Termination of Operations:                                   3                  20                      2025 Latest                    Latest BWR/PWR          MWth            1986$            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:
NPost-RAI Rates Determined (Y/N)Y 1$968,000,000The total amount of dollars accumulated at the end of the appropriate year: (see below)
Amount of NRC Minimum/Site Licensee:             % Owned:        Category                  Specific:                Amount in Trust Fund:
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)
Detroit Edison            100.00%            1                  $967,014,283                    $874,000,000 Total Fund Balance:           $874,000,000 Step 1:
Rate of Return on EarningsAllowed through Decom (Y/N)Rate(s) of Other Factors$874,000,000 Real Rate of Return PUC Verified (Y/N)Total Trust Fund BalancePlant name:Fermi (Enrico) Atomic Power Plant, Unit 250-341RAI 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):
Earnings Credit:
Escalation RateAllowed through Decom (Y/N)
Real Rate of Return Years Left Trust Fund Balance:          per year      in License      Total Earnings:         Does Licensee Pass:
Datasheet 2Signature: Michael Purdie and Jo Ann SimpsonDate: 06/30/2011 Signature: Aaron L. Szabo Date: 7/27/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 3BWR 3430$135,000,000111.32.080.652.321.676191.4114.23.049250.082.00.132.3070.2224.356% Owned:Category100.00%1 2%14.22See Annuity SheetSee Annuity Sheet 2%7 Bx Ex LxECIBase LxBase Px2010Year:Fermi (Enrico) Atomic Power Plant, Unit 2Docket Number:Date of Operation:Latest Month Fx$1,644,600,240Years remaining after annuity Px50-3412031Termination of Operations:2025 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$967,014,283NRC Minimum:$967,014,283Trust Fund Balance:Step 1: FxSite Specific:Total Step 2:
      $874,000,000                2%            14.22        $1,158,256,369                  YES Step 2:
15Years Left in LicenseN/AReal Rate of Return per yearDoes Licensee Pass:YESSee Total Step 2$122,264,242Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthDetroit EdisonTotal Annuity:Step 3:$874,000,000Amount in Trust Fund:$486,343,871Total Earnings:$1,158,256,369Real Rate of Return per yearTotal of Steps 1 thru 3:see annuity sheetNumber of Annual Payments:Accumulation:Step 2:Earnings Credit:$874,000,000Decom Period:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Fund Balance:$874,000,000Total Step 1 + Step 2$1,644,600,240 NOShortfall:YESDoes Licensee Pass:Does Licensee Pass:YES$1,766,864,483 Datasheet 2Signature: Michael Purdie and Jo Ann SimpsonDate: 06/30/2011 Signature: Aaron L. Szabo Date: 7/27/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 32010Year:Fermi (Enrico) Atomic Power Plant, Unit 2Docket Number:Date of Operation:50-3412031Termination of Operations:2025DayPlant name:2.00%14.22See Annuity SheetSee Annuity Sheet2.00%7Earnings Credit:Step 4:Shortfall:
Accumulation:
NOReal Rate of Return per yearYears remaining after annuity$486,343,871Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in LicenseYES$122,264,242Total Step 5Total of Steps 4 thru 6:$1,766,864,483Does Licensee Pass:Total Earnings:N/A 15$1,644,600,240see annuity sheetSee Total Step 4Decom Period:Step 6:$1,644,600,240See Total Step 4Does Licensee Pass:Real Rate of Return per yearYESTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Real Rate of Return per yearAccumulation:Value of Annuity per year$874,000,000Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$1,158,256,369YESIf licensee is granted greater than 2% RRR Datasheet 2Signature: Michael Purdie and Jo Ann SimpsonDate: 06/30/2011 Signature: Aaron L. Szabo Date: 7/27/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 3 20 2025YearAnnuity: 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%$28,123,064Total:$486,343,871ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:
Value of Annuity per year (amount/See Annuity      Real Rate of Return   Number of Annual Sheet)                per year              Payments:               Total Annuity:
Datasheet 2Signature: Michael Purdie and Jo Ann SimpsonDate: 06/30/2011 Signature: Aaron L. Szabo Date: 7/27/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 3 20 2025ANNUITYTermination of Operations:YearAnnuity: 2009$02.00%$0 2010$02.00%$0 2011$28,000,0002.00%$37,107,786 2012$28,000,0002.00%$36,380,182 2013$28,000,0002.00%$35,666,845 2014$28,000,0002.00%$34,967,495 2015$28,000,0002.00%$34,281,858 2016$28,000,0002.00%$33,609,665 2017$28,000,0002.00%$32,950,652 2018$28,000,0002.00%$32,304,561 2019$28,000,0002.00%$31,671,138 2020$28,000,0002.00%$31,050,135 2021$28,000,0002.00%$30,441,309 2022$28,000,0002.00%$29,844,421 2023$28,000,0002.00%$29,259,236 2024$28,000,0002.00%$28,685,525 2025$28,000,0002.00%$28,123,064Total:$486,343,871If licensee is granted greater than 2% RRRReal Rate of Return:Total Accumulation}}
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)


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