ML112351250

2010 DFS Report Analysis for Calvert Cliffs Nuclear Power Plant, Unit 1

ML112351250
Person / Time
Site:	Calvert Cliffs
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112351250 (5)

Text

Datasheet 1 Plant name: Calvert Cliffs Nuclear Power Plant, Unit 1 Docket Number: 50-317 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $439,553,000 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:

Constellation Energy Nuclear Group 100.00% 2 $209,177,000 Total Trust Fund Balance $209,177,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) None 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 PUC RAI PUC Allowed Rates Rate(s) of Other Real Rate Allowed through Decom Return on Escalation Rate Verified Needed Verified through Determined Factors of Return (Y/N)

Earnings (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 6.00% 4.00% 2.00% N Y Y N Y 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) Y1 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 CENG has decided to start using a site-specific cost estimate Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/11/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Calvert Cliffs Nuclear Power Plant, Unit 1 Docket Number: 50-317 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 7 31 2034 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 2737 $99,085,600 112.8 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: $440,551,456 Site Specific: $602,303,000 Amount of NRC Minimum/Site Licensee:  % Owned: Category Specific: Amount in Trust Fund:

Constellation Energy Nuclear Group 100.00% 2 $602,303,000 $209,177,000 Total Fund Balance: $209,177,000 Step 1:

Earnings Credit:

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

$209,177,000 2% 23.58 $333,683,435 NO Step 2:

Accumulation:

Value of Annuity per year (amount/See Real Rate of Return Number of Annual Annuity Sheet) per year Payments: Total Annuity:

2% $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:

$0 2% 23.58 $0 Total Step 1 + Step 2 Does Licensee Pass:

$333,683,435 NO Step 3:

Decom Period:

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

$333,683,435 2% 7 $24,806,972 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$358,490,407 NO ($243,812,593)

Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/11/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Calvert Cliffs Nuclear Power Plant, Unit 1 Docket Number: 50-317 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 7 31 2034 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:

$209,177,000 2.00% 23.58 $333,683,435 NO Step 5:

Accumulation:

Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:

$0 2.00% 0 $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5

$0 2.00% 23.58 $0 Total Step 4 + Step 5 Does Licensee Pass:

$333,683,435 NO Step 6:

Decom Period:

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

$333,683,435 2.00% 7 $24,806,972 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$358,490,407 NO ($243,812,593)

Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/11/2011 Formulas verified by: Clayton Pittiglio

SAFSTOR ANALYSIS Name of Unit: Calvert Cliffs Nuclear Power Plant, Unit 1 Name of Licensee: Constellation Energy Nuclear Group Operations Termination Date: 7 31 2034 End of Operations Balance: $333,683,435 Real Rate of Return: 2.00%

Beginning Trust Expense Per Year Real Rate of End of Year Trust Year Spent Fuel Fund Balance Plant Return Fund Balance 2034 $333,683,435 $5,413,000 N/A 2.00% $334,889,974 2035 $334,889,974 $7,680,000 N/A 2.00% $333,830,973 2036 $333,830,973 $27,216,000 N/A 2.00% $313,019,433 2037 $313,019,433 $40,935,000 N/A 2.00% $277,935,471 2038 $277,935,471 $3,616,000 N/A 2.00% $279,842,021 2039 $279,842,021 $3,616,000 N/A 2.00% $281,786,701 2040 $281,786,701 $3,616,000 N/A 2.00% $283,770,275 2041 $283,770,275 $9,248,000 N/A 2.00% $280,105,201 2042 $280,105,201 $11,053,000 N/A 2.00% $274,543,775 2043 $274,543,775 $2,570,000 N/A 2.00% $277,438,950 2044 $277,438,950 $2,570,000 N/A 2.00% $280,392,029 2045 $280,392,029 $2,570,000 N/A 2.00% $283,404,170 2046 $283,404,170 $2,570,000 N/A 2.00% $286,476,553 2047 $286,476,553 $2,570,000 N/A 2.00% $289,610,384 2048 $289,610,384 $2,570,000 N/A 2.00% $292,806,892 2049 $292,806,892 $2,570,000 N/A 2.00% $296,067,330 2050 $296,067,330 $2,570,000 N/A 2.00% $299,392,976 2051 $299,392,976 $2,570,000 N/A 2.00% $302,785,136 2052 $302,785,136 $2,570,000 N/A 2.00% $306,245,139 2053 $306,245,139 $2,570,000 N/A 2.00% $309,774,341 2054 $309,774,341 $2,570,000 N/A 2.00% $313,374,128 2055 $313,374,128 $2,570,000 N/A 2.00% $317,045,911 2056 $317,045,911 $3,061,000 N/A 2.00% $320,295,219 2057 $320,295,219 $2,570,000 N/A 2.00% $324,105,423 2058 $324,105,423 $2,570,000 N/A 2.00% $327,991,832 2059 $327,991,832 $2,570,000 N/A 2.00% $331,955,968 Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Signature: Aaron L. Szabo Date: 7/11/2011

2060 $331,955,968 $2,570,000 N/A 2.00% $335,999,388 2061 $335,999,388 $2,570,000 N/A 2.00% $340,123,676 2062 $340,123,676 $2,570,000 N/A 2.00% $344,330,449 2063 $344,330,449 $2,570,000 N/A 2.00% $348,621,358 2064 $348,621,358 $2,570,000 N/A 2.00% $352,998,085 2065 $352,998,085 $2,904,000 N/A 2.00% $357,125,007 2066 $357,125,007 $2,990,000 N/A 2.00% $361,247,607 2067 $361,247,607 $2,990,000 N/A 2.00% $365,452,659 2068 $365,452,659 $2,990,000 N/A 2.00% $369,741,812 2069 $369,741,812 $2,990,000 N/A 2.00% $374,116,749 2070 $374,116,749 $2,990,000 N/A 2.00% $378,579,184 2071 $378,579,184 $2,990,000 N/A 2.00% $383,130,867 2072 $383,130,867 $2,990,000 N/A 2.00% $387,773,585 2073 $387,773,585 $2,990,000 N/A 2.00% $392,509,156 2074 $392,509,156 $2,990,000 N/A 2.00% $397,339,439 2075 $397,339,439 $2,990,000 N/A 2.00% $402,266,328 2076 $402,266,328 $3,481,000 N/A 2.00% $406,795,845 2077 $406,795,845 $6,429,000 N/A 2.00% $408,438,472 2078 $408,438,472 $19,038,000 N/A 2.00% $397,378,861 2079 $397,378,861 $85,437,000 N/A 2.00% $319,035,068 2080 $319,035,068 $120,232,000 N/A 2.00% $203,981,450 2081 $203,981,450 $74,913,000 N/A 2.00% $132,398,949 2082 $132,398,949 $51,620,000 N/A 2.00% $82,910,728 2083 $82,910,728 $38,836,000 N/A 2.00% $45,344,582 2084 $45,344,582 $87,000 N/A 2.00% $45,831,043 Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Signature: Aaron L. Szabo Date: 7/11/2011