ML112351246

2010 DFS Report Analysis for Callaway Nuclear Generating Station

ML112351246
Person / Time
Site:	Callaway
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112351246 (4)

Text

Datasheet 1 Plant name: Callaway Plant Docket Number: 50-483 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $472,900,000 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:1 Ameren Missouri 100.00% 1 $263,050,699 Total Trust Fund Balance $263,050,699 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)2 Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate of Allowed through Decom Return on Other Verified Needed Verified through Determined Rate Return (Y/N)

Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) variable2 2.40% variable2 variable2 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 Multiplied SSCE, Trust Fund Balance, and annuities by .825 for radiological amount. .825 came from submittal and confirmed in RAI Response, page 4 of 7 of enclosure 1 (ML111540138). Therefore, for the overall trust fund balance and all contributions, only 82.5% was used for the calculations of the DFS report 2

Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission Signature: Michael Purdie and Jo Ann Simpson Date: 06/08/2011 Signature: Aaron Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/10/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Callaway Plant Docket Number: 50-483 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 10 18 2024 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3565 $105,000,000 111.3 2.08 0.65 2.32 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28 NRC Minimum: $472,417,086 Site Specific: $600,281,737 Amount of NRC Minimum/Site Licensee:  % Owned: Category Specific: Amount in Trust Fund:

Ameren Missouri 100.00% 1 $600,281,737 $263,050,699 Total Fund Balance: $263,050,699 Step 1:

Earnings Credit:

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

$263,050,699 2% 13.80 $345,702,241 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 N/A 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 $85,485,366 Total Step 1 + Step 2 Does Licensee Pass:

$431,187,607 NO Step 3:

Decom Period:

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

$431,187,607 2% 7 $32,055,709 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$463,243,316 NO ($137,038,421)

Signature: Michael Purdie and Jo Ann Simpson Date: 06/08/2011 Signature: Aaron Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/10/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Callaway Plant Docket Number: 50-483 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 10 18 2024 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:

$263,050,699 6.825% 12.00 $580,917,257

$580,917,257 3.90% 1.80 $622,277,830 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 N/A 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 $123,849,316 Total Step 4 + Step 5 Does Licensee Pass:

$746,127,146 YES Step 6:

Decom Period:

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

$746,127,146 2.00% 7 $55,469,206 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$801,596,353 YES NO Signature: Michael Purdie and Jo Ann Simpson Date: 06/08/2011 Signature: Aaron Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/10/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 10 18 2024 Real Rate Total Year Annuity: of Return: Accumulation 2011 $5,351,262 2% $7,032,872 2012 $5,351,262 2% $6,894,972 2013 $5,351,262 2% $6,759,777 2014 $5,351,262 2% $6,627,232 2015 $5,351,262 2% $6,497,286 2016 $5,351,262 2% $6,369,888 2017 $5,351,262 2% $6,244,989 2018 $5,351,262 2% $6,122,538 2019 $5,351,262 2% $6,002,488 2020 $5,351,262 2% $5,884,792 2021 $5,351,262 2% $5,769,404 2022 $5,351,262 2% $5,656,279 2023 $5,351,262 2% $5,545,371 2024 $4,013,446 2% $4,077,479 Total: $85,485,366 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $5,351,262 6.8250% $13,308,301 2012 $5,351,262 6.8250% $12,458,039 2013 $5,351,262 6.8250% $11,662,101 2014 $5,351,262 6.8250% $10,917,015 2015 $5,351,262 6.8250% $10,219,532 2016 $5,351,262 6.8250% $9,566,611 2017 $5,351,262 6.8250% $8,955,404 2018 $5,351,262 6.8250% $8,383,248 2019 $5,351,262 6.8250% $7,847,646 2020 $5,351,262 6.8250% $7,346,263 2021 $5,351,262 6.8250% $6,876,914 2022 $5,351,262 6.8250% $6,437,551 2023 $5,351,262 3.9000% $5,732,615 2024 $4,013,446 3.9000% $4,138,077 Total: $123,849,316 Signature: Michael Purdie and Jo Ann Simpson Date: 06/08/2011 Signature: Aaron Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 6/10/2011 Formulas verified by: Clayton Pittiglio