ML112371790

2010 DFS Report Analysis for Perry Nuclear Power Plant. Superseded by ML113220355

ML112371790
Person / Time
Site:	Perry
Issue date:	11/14/2011
From:	Szabo A L Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112371790 (4)

Text

Datasheet 2Signature: Kosmas LoisDate: 7/6/2011Secondardy Signature: Jo Ann Simpson Date: 07/13/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 3BWR 3758$135,000,000111.32.080.652.321.676191.4114.23.049250.082.00.132.3070.2212.54% Owned:Category12.58%287.42%2 2%15.21 2%2%2%7Trust Fund Balance:Step 1:Total Earnings:

Bx Ex LxECIBase LxBase PxLatest Month Fx50-4401831Termination of Operations:2026 1986$DayBase FxPlant name:2010Year:Perry Nuclear Power PlantDocket Number:Date of Operation:

FxSite Specific:Total Step 2:Years Left in License15.21Real Rate of Return per yearDoes Licensee Pass:

NO$0$555,544,472Years remaining after annuityLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthOhio Edison CompanyFENGenCo$538,576,335$351,552,756$59,476,295Amount in Trust Fund:

PxLicensee:$77,502,749NRC Minimum:$616,079,083Total Fund Balance:$411,029,051Total Step 1 + Step 2$555,544,472$41,300,750Total Earnings for Decom:Decom Period:Real Rate of Return per yearTotal Annuity:Step 3:$0Total Earnings:$555,544,472Real Rate of Return per yearValue of Annuity per year (amount/See Annuity Sheet)Number of Annual Payments:Accumulation:Step 2:Earnings Credit:$411,029,051Decom Period:

$0Total AnnuityReal Rate of Return per year NOShortfall:

NODoes Licensee Pass:Does Licensee Pass:YESTotal of Steps 1 thru 3:Parent Company Guarantee$27,500,000$624,345,222 Datasheet 2Signature: Kosmas LoisDate: 7/6/2011Secondardy Signature: Jo Ann Simpson Date: 07/13/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 350-4401831Termination of Operations:2026DayPlant name:2010Year:Perry Nuclear Power PlantDocket Number:Date of Operation:2.00%15.212.00%2.00%2.00%7Real Rate of Return per yearYears remaining after annuity$0Trust Fund Balance:Years Left in LicenseEarnings Credit:Step 4:Parent Company Guarantee 1$27,500,000 NOTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Does Licensee Pass:Shortfall:

NO 0$555,544,472

$0$0Decom Period:Step 6:$555,544,472

$0Does Licensee Pass:Real Rate of Return per yearTotal Annuity 1 FENOC has obtained a $95 Million Parental Guaranty (PCG). The FENGenCO share of the BVPS-1 nuclear decommissioning trust has a shortfall of approximately 66 million dollars and the FENGenCo share of the Perry Nuclear Power Plant has a shortfall of approximately $26 million dollars. The NRC staff decided to account for the guaranty such that $67.5 Million is for Beaver Valley and $27.5 Million is for Perry. NRC staff took the NRC minimum value required for decommissioning and subtracted it from the $95 million of the new PCG. The figure ($3 Million) was divided in half and added to Beaver Valley and Perry PCG's accordingly. This is how the $67.5 million and $27.5 million was derived. Real Rate of Return per yearAccumulation:Value of Annuity per year$411,029,051Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$555,544,472 NOIf licensee is granted greater than 2% RRRYES$41,300,750Total Step 5Total of Steps 4 thru 6:$624,345,222Does Licensee Pass:Total Earnings:15.21 Datasheet 1Signature : Kosmas Lois Date: 7/6/2011 Secondary Signature: Jo Ann Simpson

Date: 07/13/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:12.58%287.42%2 3 42.00%N y N Y Y 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7The total amount of dollars accumulated at the end of the appropriate year: (see below)

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)

Rate of Return on EarningsAllowed through Decom (Y/N)Rate(s) of Other Factors$411,029,051 Real Rate of Return PUC Verified (Y/N)FENGenCoOhio Edison CompanyLicensee:$59,476,295Amount in Trust Fund:

1Plant name:Perry Nuclear Power Plant50-440RAI Needed (Y/N)PUC Verified (Y/N)$351,552,756 noneDocket 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):

Escalation Rate Y$616,277,5321 The amount accumulated is the after-tax value of the Perry decommissioning trust fund.Allowed through Decom (Y/N)

Total Trust Fund BalancePost-RAI Rates Determined (Y/N)Any material changes to trust agreements? (Y/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)

N N Datasheet 2Date: 7/6/2011Secondardy Signature: Jo Ann SimpsonDate: 07/13/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 3 18 2026YearAnnuity: 2009$0 2%$0 2010$0 2%$0 2011$0 2%$0 2012$0 2%$0 2013$0 2%$0 2014$0 2%$0 2015$0 2%$0 2016$0 2%$0 2017$0 2%$0 2018$0 2%$0 2019$0 2%$0 2020$0 2%$0 2021$0 2%$0 2022$0 2%$0 2023$0 2%$0 2024$0 2%$0 2025$0 2%$0 2026$0 2%$0Total:$0ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return: