ML112351264

2010 DFS Report Analysis for Comanche Peak Steam Electric Station, Unit 1

ML112351264
Person / Time
Site:	Comanche Peak
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112351264 (5)

Text

Datasheet 1 Plant name: Comanche Peak Steam Electric Station, Unit 1 Docket Number: 50-445 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $467,000,000 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:

Luminant Gen Co 100.00% 1 $238,986,814 Total Trust Fund Balance $238,986,814 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) 1 variable 2.52% variable1 N N Y Y 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) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission Signature: Shawn W. Harwell Date: 6/14/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/16/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Comanche Peak Steam Electric Station, Unit 1 Docket Number: 50-445 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 2 8 2030 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3458 $105,000,000 112.8 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: $466,847,886 Site Specific:

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

Luminant Gen Co 100.00% 1 $466,847,886 $238,986,814 Total Fund Balance: $238,986,814 Step 1:

Earnings Credit:

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

$238,986,814 2% 19.10 $348,874,025 NO 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 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 $176,297,338 Total Step 1 + Step 2 Does Licensee Pass:

$525,171,364 YES Step 3:

Decom Period:

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

$525,171,364 2% 7 $39,042,727 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$564,214,091 YES NO Signature: Shawn W. Harwell Date: 6/14/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/16/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Comanche Peak Steam Electric Station, Unit 1 Docket Number: 50-445 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 2 8 2030 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:

$238,986,814 2.31% 18.00 $360,190,867 NO

$360,190,867 2.00% 1.10 $368,149,574 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 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 $182,008,529 Total Step 4 + Step 5 Does Licensee Pass:

$550,158,102 YES Step 6:

Decom Period:

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

$550,158,102 2.00% 7 $40,900,312 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$591,058,414 YES NO Signature: Shawn W. Harwell Date: 6/14/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/16/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 2 8 2030 Real Rate Total Year Annuity: of Return: Accumulation 2011 $7,500,000 2% $10,948,880 2012 $7,500,000 2% $10,734,196 2013 $7,500,000 2% $10,523,722 2014 $7,500,000 2% $10,317,374 2015 $7,500,000 2% $10,115,073 2016 $7,500,000 2% $9,916,738 2017 $7,500,000 2% $9,722,292 2018 $7,500,000 2% $9,531,659 2019 $7,500,000 2% $9,344,764 2020 $7,500,000 2% $9,161,533 2021 $7,500,000 2% $8,981,895 2022 $7,500,000 2% $8,805,780 2023 $7,500,000 2% $8,633,117 2024 $7,500,000 2% $8,463,841 2025 $7,500,000 2% $8,297,883 2026 $7,500,000 2% $8,135,179 2027 $7,500,000 2% $7,975,666 2028 $7,500,000 2% $7,819,280 2029 $7,500,000 2% $7,665,961 2030 $1,200,000 2% $1,202,504 Total: $176,297,338 Signature: Shawn W. Harwell Date: 6/14/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/16/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 2 8 2030 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $7,500,000 2.31% $11,592,029 2012 $7,500,000 2.31% $11,330,831 2013 $7,500,000 2.31% $11,075,518 2014 $7,500,000 2.31% $10,825,958 2015 $7,500,000 2.31% $10,582,021 2016 $7,500,000 2.31% $10,343,581 2017 $7,500,000 2.31% $10,110,514 2018 $7,500,000 2.31% $9,882,698 2019 $7,500,000 2.31% $9,660,015 2020 $7,500,000 2.31% $9,442,350 2021 $7,500,000 2.31% $9,229,590 2022 $7,500,000 2.31% $9,021,623 2023 $7,500,000 2.31% $8,818,343 2024 $7,500,000 2.31% $8,619,643 2025 $7,500,000 2.31% $8,425,420 2026 $7,500,000 2.31% $8,235,573 2027 $7,500,000 2.31% $8,050,005 2028 $7,500,000 2.31% $7,868,617 2029 $7,500,000 2.31% $7,691,317 2030 $1,200,000 2.31% $1,202,882 Total: $182,008,529 Signature: Shawn W. Harwell Date: 6/14/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/16/2011 Formulas verified by: Clayton Pittiglio