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| number = ML090910406
| number = ML090910406
| issue date = 03/25/2009
| issue date = 03/25/2009
| title = Susquehanna, Units 1 and 2 - Decommissioning Report of Financial Assurance
| title = Decommissioning Report of Financial Assurance
| author name = Kammeier K W
| author name = Kammeier K
| author affiliation = Allegheny Electric Cooperative, Inc
| author affiliation = Allegheny Electric Cooperative, Inc
| addressee name =  
| addressee name =  
Line 15: Line 15:


=Text=
=Text=
{{#Wiki_filter:ELECTRIC COOPERATIVE, INC.A Touchstone Energyo Cooperative 212 LOCUST ST.
{{#Wiki_filter:A Touchstone Energyo Cooperative ELECTRIC COOPERATIVE, INC.
212 LOCUST ST.
* p.O. BOX 1266
* p.O. BOX 1266
* HARRISBURG, PA 17108-1266 e PHONE 717/233-5704  
* HARRISBURG, PA 17108-1266 e PHONE 717/233-5704 ° FAX 717/234-1309 March 25, 2009 U.S. Nuclear Regulatory Commission Attn: Document Control Desk Mail Station OPl-17 Washington, DC 20555 Sumbitted pursuant to 10 CFR 2.390 SUSQUEHANNA STEAM ELECTRIC STATION DECOMMISSIONING REPORT OF FINANCIAL ASSURANCE                                               Docket Nos. 50-387 and 50-388 In accordance with 10 CFR 50.75(f)(1), we are submitting Allegheny Electric Cooperative, Inc.'s decommissioning report of financial assurance for our 10 percent interest in Susquehanna Units I and 2.
° FAX 717/234-1309 March 25, 2009 U.S. Nuclear Regulatory Commission Attn: Document Control Desk Mail Station OPl-17 Washington, DC 20555 Sumbitted pursuant to 10 CFR 2.390 SUSQUEHANNA STEAM ELECTRIC STATION DECOMMISSIONING REPORT OF FINANCIAL ASSURANCE Docket Nos. 50-387 and 50-388 In accordance with 10 CFR 50.75(f)(1), we are submitting Allegheny Electric Cooperative, Inc.'s decommissioning report of financial assurance for our 10 percent interest in Susquehanna Units I and 2.If you have any questions regarding the report, please contact me at (717) 233-5704.Sincerely, Kenneth W. Kammeier Vice President, Finance & Accounting
If you have any questions regarding the report, please contact me at (717) 233-5704.
Sincerely, Kenneth W. Kammeier Vice President, Finance & Accounting


==Attachment:==
==Attachment:==
Decommissioning Report cc:    NRC Region I Mr.F.W.Jaxheimer, NRC Sr. Resident Inspector Mr. B. K. Vaidya, NRC Project Manager AOD (


Decommissioning Report cc: NRC Region I Mr.F.W.Jaxheimer, NRC Sr. Resident Inspector Mr. B. K. Vaidya, NRC Project Manager AOD (
ATTACHMENT I Attachment 1 Page 1 of 1 NRC Decommissioning Funding Status Report December 31, 2008 Allegheny Electric Cooperative, Inc.
ATTACHMENT I
Susquehanna Steam Electric Station Allegheny Electric Cooperative (AEC) hereby submits this Decommissioning Report in compliance with 10 CFR 50.75(f)(1) for its 10 percent share of Susquehanna Units 1 and 2.
Attachment 1 Page 1 of 1 NRC Decommissioning Funding Status Report December 31, 2008 Allegheny Electric Cooperative, Inc.Susquehanna Steam Electric Station Allegheny Electric Cooperative (AEC) hereby submits this Decommissioning Report in compliance with 10 CFR 50.75(f)(1) for its 10 percent share of Susquehanna Units 1 and 2.Information is submitted to provide Financial Assurance Unit 1 Unit 2 1. The minimum amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c).At December 31, 2008 $57,226,500  
Information is submitted to provide Financial Assurance                             Unit 1       Unit 2
$57,226,500 AEC's calculation of the NRC minimum formula is reflected in Exhibit 1.2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c).Market Value at December 31, 2008 $16,694,204  
: 1. The minimum amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c).
$16,694,204
At December 31, 2008                                           $57,226,500 $57,226,500 AEC's calculation of the NRC minimum formula is reflected in Exhibit 1.
: 2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c).
Market Value at December 31, 2008                             $16,694,204 $16,694,204
: 3. See Exhibit 2 for a schedule of the annual amounts remaining to be collected.
: 3. See Exhibit 2 for a schedule of the annual amounts remaining to be collected.
: 4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.
: 4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.
Estimated Inflation rate for decommissioning costs 4% 4%Estimated Earnings rates on decommissioning funds 7.5% 7.5%Rates of other factors used in funding projections (None) (None)AEC sets its own rates and believes the above assumptions are reasonable.
Estimated Inflation rate for decommissioning costs                   4%         4%
: 5. Any power sale contracts upon which licensee is relying to (see below) (see below)provide financial assurance.
Estimated Earnings rates on decommissioning funds                   7.5%       7.5%
AEC is the wholesale power supplier for the 14 rural electric cooperatives in Pennsylvania and New Jersey. AEC has all requirements contracts with its 14 member distribution cooperatives, which is the source for funding the Trust Fund.6. Modifications to licensee's method of providing financial None None assurance since previous report.7. Material changes to trust agreement.
Rates of other factors used in funding projections                 (None)     (None)
None None Exhibit 1 Page 1 of 3 Calculation of Escalation Factors Used in Computation of Minimum Financial Assurance Amount for Decommissioning Susquehanna Steam Electric Station Units I and 2 Boiling Water Reactor (BWR)Escalation Factor Formula -0.65(L) + 0.13(E) + 0.22(B)Escalation  
AEC sets its own rates and believes the above assumptions are reasonable.
= (0.65 x 2.365) + (0.13 x 1.829) + (0.22 x 11.198)Escalation  
: 5. Any power sale contracts upon which licensee is relying to     (see below) (see below) provide financial assurance.
= (1.537 + 0.238 + 2.464) = 4.239 (L) -Labor -(Bureau of Labor Statistics, CIU20100000002101, 2008, Qtr4, Total Compensation, Private Industry, Northeast)
AEC is the wholesale power supplier for the 14 rural electric cooperatives in Pennsylvania and New Jersey. AEC has all requirements contracts with its 14 member distribution cooperatives, which is the source for funding the Trust Fund.
Northeast region -December 2008 Index Number 109.5 December 2005 Index Number 100.0 December 2005 base 2.16 L = 109.5 x 2.16 = 2.365 100.0 (E) -Energy (Producer Price Index Commodities, Series ID: wpu-543 and wpu-0573)E = (0.54P + 0.46F)E = (0.54 x 1.669) + (0.46 x 2.018)E = 0.901 + 0.928 = 1.829 P -Industrial Electric Power (wpu-0543)
: 6. Modifications to licensee's method of providing financial           None       None assurance since previous report.
December 2008 Index Number (preliminary) 190.6 January 1986 Index Number 114.2 (1)P= 190.6 = 1.669 114.2 F -Light Fuel Oils -(wpu-0573)
: 7. Material changes to trust agreement.                               None       None
December 2008 Index Number (preliminary) 165.5 January 1986 Index Number 82.0 F= 165.5 = 2.018 82.0 Exhibit 1 Page 2 of 3 (B) Waste Burial NUREG -1307, Rev.13, Table 2.1 -Values of Bx as a Function of LLW Burial Site, Waste Vendor, and Year: Bx Values for Generic LLW Disposal Site Direct Disposal with Vendors (BWR): 11.198 (1) Represents the national base value of P at January 1986. The base value of P is no longer determined on a regional basis.
 
Exhibit 1 Page 3 of 3 Computation of Minimum Financial Assurance Amount for Decommissioning Susquehanna Steam Electric Station Units 1 and 2 Unit 1 Unit 2 Base amount for BWR greater than 3,400 MWt = $135 million $135,000,000  
Exhibit 1 Page 1 of 3 Calculation of Escalation Factors Used in Computation of Minimum Financial Assurance Amount for Decommissioning Susquehanna Steam Electric Station Units I and 2 Boiling Water Reactor (BWR)
$135,000,000 The Power Level of Unit 1 and Unit 2 is = 3,489 MWt Ownership percentage Base amount per unit Escalation Factor Escalated Amount per Unit Total Escalated Amount (Unit 1 + Unit 2)10%$13,500,000 4.239$57,226,500 10%$13,500,000 4.239$57,226,500
Escalation Factor Formula -       0.65(L) + 0.13(E) + 0.22(B)
$114,453,000 Exhibit .2 Page 1 of 1 AEC Nuclear Decommissioning Trust Expected Contributions 2009 Filing Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2009-2023 Unit 1$1,143,514
Escalation = (0.65 x 2.365) + (0.13 x 1.829) + (0.22 x 11.198)
$1,217,842
Escalation = (1.537 + 0.238 + 2.464) = 4.239 (L) - Labor - (Bureau of Labor Statistics, CIU20100000002101, 2008, Qtr4, Total Compensation, Private Industry, Northeast)
$1,297,002
Northeast region - December 2008 Index Number         109.5 December 2005 Index Number       100.0 December 2005 base                 2.16 L =   109.5 x 2.16 = 2.365 100.0 (E) - Energy (Producer Price Index Commodities, Series ID: wpu-543 and wpu-0573)
$1,381,307
E = (0.54P + 0.46F)
$1,471,092
E = (0.54 x 1.669) + (0.46 x 2.018)
$1,566,713
E = 0.901 + 0.928 = 1.829 P - Industrial Electric Power (wpu-0543)
$1,668,549
December 2008 Index Number (preliminary)             190.6 January 1986 Index Number                           114.2 (1)
$1,777,005
P=   190.6     = 1.669 114.2 F - Light Fuel Oils - (wpu-0573)
$1,892,510
December 2008 Index Number (preliminary)           165.5 January 1986 Index Number                             82.0 F=   165.5     = 2.018 82.0
$2,015,523
 
$2,146,532
Exhibit 1 Page 2 of 3 (B) Waste Burial NUREG - 1307, Rev.13, Table 2.1 - Values of Bx as a Function of LLW Burial Site, Waste Vendor, and Year: Bx Values for Generic LLW Disposal Site Direct Disposal with Vendors (BWR):     11.198 (1) Represents the national base value of P at January 1986. The base value of P is no longer determined on a regional basis.
$2,286,057
 
$2,434,650
Exhibit 1 Page 3 of 3 Computation of Minimum Financial Assurance Amount for Decommissioning Susquehanna Steam Electric Station Units 1 and 2 Unit 1             Unit 2 Base amount for BWR greater than 3,400 MWt = $135 million $135,000,000       $135,000,000 The Power Level of Unit 1 and Unit 2 is = 3,489 MWt Ownership percentage                                           10%                10%
$2,592,903
Base amount per unit                                       $13,500,000        $13,500,000 Escalation Factor                                             4.239              4.239 Escalated Amount per Unit                                 $57,226,500       $57,226,500 Total Escalated Amount (Unit 1 + Unit 2)                                                  $114,453,000
$24,891,197 Unit 2$1,143,514
 
$1,217,842
Exhibit .2 Page 1 of 1 AEC Nuclear Decommissioning Trust Expected Contributions 2009 Filing Year   Unit 1            Unit 2        Total 2009     $1,143,514       $1,143,514    $2,287,027 2010      $1,217,842        $1,217,842    $2,435,684 2011      $1,297,002        $1,297,002    $2,594,003 2012      $1,381,307        $1,381,307    $2,762,614 2013      $1,471,092        $1,471,092    $2,942,183 2014      $1,566,713        $1,566,713    $3,133,425 2015      $1,668,549        $1,668,549    $3,337,098 2016      $1,777,005        $1,777,005   $3,554,009 2017      $1,892,510        $1,892,510   $3,785,020 2018      $2,015,523       $2,015,523    $4,031,046 2019      $2,146,532        $2,146,532    $4,293,064 2020      $2,286,057        $2,286,057    $4,572,113 2021      $2,434,650        $2,434,650    $4,869,301 2022      $2,592,903        $2,592,903    $5,185,805 2023                        $2,761,441    $2,761,441 2009-2023    $24,891,197      $27,652,639  $52,543,836
$1,297,002
 
$1,381,307
ATTACHMENT 2 AFFIDAVIT OF KENNETH W. KAMMEIER I, Kenneth W. Kammeier, Vice President - Finance & Accounting of Allegheny Electric Cooperative, Inc. ("Allegheny"), do hereby affirm and state:
$1,471,092
: 1.       I am an officer of Allegheny authorized to execute this affidavit on its behalf. I am further authorized to review information submitted to the Nuclear Regulatory Commission and apply for the withholding of information from disclosure.
$1,566,713
: 2.       Allegheny is providing information which constitutes proprietary financial information that should be held in confidence by the NRC pursuarnt to the provisions of 10 C.F.R.
$1,668,549
        §§ 2.390(a)(4) and 9.17(a)(4), because:
$1,777,005
i)     This information has been held in confidence by Allegheny.
$1,892,510
ii)   This information is of a type that is held in confidence by Allegheny, and there is a rational basis for doing so because the information contains sensitive financial information.
$2,015,523
iii)   This information is being transmitted to the NRC in confidence.
$2,146,532
iv)   This information is not available in public sources and could not be gathered readily from other publicly available information.
$2,286,057
v)     Public disclosure of this information would cause substantial harm to the competitive position of Allegheny by disclosing Allegheny's internal cost projections to other parties whose commercial interests may be adverse to those of Allegheny.
$2,434,650
: 3.       Accordingly, Allegheny requests that the information in Attachment 2 be withheld from public disclosure pursuant to the provisions of 10 C.F.R. §§ 2.390(a)(4) and 9.17(a)(4).
$2,592,903
CooeratveInc.
$2,761,441
A~hey Elctri Kenneth W. Kammeier Vice President, Finance & Accounting Subscribed and sworn before me,               COMMONWEALTH OF PENNSYLVANIA a Notary Public in and for the               COMMONWEALTH__FPENNSYLVANIA Commonwealth of Pennsylvania thisj,!'day of Mm(WYVx , 2009.
$27,652,639 Total$2,287,027
NOTARIAL SEAL LINDA BURDICK RUSSELL, Notary Public I
$2,435,684
Ct , of Hardsbu,, Dauphin Coun 1 M         ssion pires Feb. 8, 203
$2,594,003
 
$2,762,614
Unit 1 Growth 2002           2003           2004          2005      2006        2007      2008 License Termination 502,908,000 Ownership %/                 10%/
$2,942,183
AEC Cost             50,290,800     52,302,432       54,394,529   56,570,310 58,833,123 61,186,448 63,633,906 Inflation        4%
$3,133,425
Assets                      SAFATOR &        3.50%    Assets Beginning                  Decommissioning        Real      End YEAR    of Year      Contributions Disbursements      Earnings  of Year 2009  16,694,204      1,143,514                        604,309 18,442,026 2010  18,442,026      1,217,842                        666,783 20,326,651 2011 20,326,651      1,297,002                        734,130 22,357,783 2012  22,357,783     1,381,307                        806,695 24,545,785 2013  24,545,785     1,471,092                        884,847 26,901,724 2014  26,901,724      1,566,713                        968,978 29,437,414 2015  29,437,414      1,668,549                      1,059,509 32,165,472 2016  32,165,472      1,777,005                      1,156,889 35,099,366 2017  35,099,366      1,892,510                      1,261,597 38,253,473 2018  38,253,473      2,015,523                      1,374,143 41,643,139 2019  41,643,139      2,146,532                      1,495,074 45,284,746 2020  45,284,746      2,286,057                      1,624,972 49,195,775 2021  49,195,775      2,434,650                      1,764,458 53,394,883 2022  53,394,883      2,592,903      (1,900,636    1,880,936 55,968,086 2  2023  55,968,086              0      (6,552,708:  1,844,211 51,259,589 3  2024  51,259,589              0      (1,291,891    1,771,478 51,739,176 4  2025  51,739,176              0        (917,356    1,794,817 52,616,637 5  2026  52,616,637              0        (917,356    1,825,529 53,524,809 6   2027  53,524,809              0         (917,356    1,857,315 54,464,768 7  2028  54,464,768              0         (919,887 )  1,890,169 55,435,050 8  2029  55,435,050              0         (917,356 )  1,924,173 56,441,866 9  2030  56,441,866              0         (655,309 )  1,963,997 57,750,555 10  2031  57,750,555              0         (351,506 )  2,015,118 59,414,167 11  2032  59,414,167              0         (351,726 )  2,073,341 61,135,783 12  2033  61,135,783              0         (351,726 ) 2,133,597 62,917,654 13  2034  62,917,654              0        (351,726 )  2,195,963 64,761,891 14  2035  64,761,891              0        (351,726 )  2,260,511 66,670,677 15  2036  66,670,677              0        (351,726 )  2,327,318 68,646,270 16  2037  68,646,270              0        (351,726 )  2,396,464 70,691,008 17  2038  70,691,008              0        (351,726 )  2,468,030 72,807,313 18  2039  72,807,313              0        (351,726 )  2,542,101 74,997,688 19  2040  74,997,688              0        (351,726 )  2,618,764 77,264,726 20  2041  77,264,726              0        (351,726 )  2,698,110 79,611,111 21  2042  79,611,111              0        (351,726 )  2,780,234 82,039,619 22  2043  82,039,619              0        (351,726 )  2,865,231 84,553,125 23  2044  84,553,125              0        (351,726 )  2,953,204 87,154,604 24  2045  87,154,604              0        (351,726    3,044,256 89,847,134
$3,337,098
 
$3,554,009
Unit 1 Growth 25 2046  89,847,134                  (351,726)      3,138,495  92,633,903 26 2047  92,633,903                  (351,726)      3,236,031  95,518,209 27 2048  95,518,209                  (351,726)      3,336,982  98,503,466 28 2049  98,503,466                  (351,726)      3,441,466 101,593,206 29 2050 101,593,206                  (351,726)      3,549,607 104,791,088 30 2051 104,791,088                  (351,726)      3,661,533  108,100,895 31 2052 108,100,895                  (351,726)      3,777,376 111,526,546 32 2053 111,526,546                  (351,726)      3,897,274 115,072,094 33 2054 115,072,094                  (351,726)      4,021,368 118,741,736 34 2055 118,7.41,736                (351,726)      4,149,806 122,539,817 35 2056 122,539,817                  (351,726)      4,282,738  126,470,829 36 2057 126,470,829                 (351,726)      4,420,324 130,539,428 37 2058 130,539,428                  (351,726)      4,562,725 134,750,427 38 2059 134,750,427                 (351,726)      4,710,110  139,108,811 39 2060 139,108,811                 (351,726)      4,862,653 143,619,739 40 2061 143,619,739                 (351,726)      5,020,536  148,288,549 41 2062 148,288,549                 (351,726)      5,183,944 153,120,767 42 2063 153,120,767                 (351,726)      5,353,072 158,122,113 43 2064 158,122,113                 (351,726)      5,528,119 163,298,507 44 2065 163,298,507                 (351,726)      5,709,293 168,656,074 45 2066 168,656,074                 (351,726)      5,896,807 174,201,155 46 2067 174,201,155                 (351,726)      6,090,885 179,940,315 47 2068 179,940,3.15                 (351,726)      6,291,756 185,880,345 48 2069 185,880,345                 (351,726)      6,499,657 192,028,277 49 2070 192,028,277                 (351,726)      6,714,834 198,391,386 50 2071 198,391,386                 (351,726)      6,937,543 204,977,203 51 2072 204,977,203                 (351,726)      7,168,047 211,793,525 52 2073 211,793,525                 (351,726)      7,406,618 218,848,417 53 2074 218,848,417                 (351,506)      7,653,543 226,150,455 54 2075 226,150,455                 (351,506)      7,909,115 233,708,064 55 2076 233,708,064               (2,419,796)      8,137,436 239,425,704 56 2077 239,425,704               (6,463,756)      8,266,784 241,228,732 57 2078 241,228,732              (14,516,879)        8,188,960 234,900,814 58 2079 234,900,814               (5,083,799)      8,132,562 237,949,577 59 2080 237,949,577               (3,167,473)      8,272,804 243,054,908 60 2081 243,054,908                (1,165,359)       8,486,528 250,376,077 Summary          16,694,204  24,891,197 Sumary16,94204 (63,633,906)24,91,97 272,424,582  250,376,077
$3,785,020
 
$4,031,046
Unit 2 Growth 2002          2003          2004          2005      2006        2007      2008 License Termination 615,651,000 Ownership %                  10%
$4,293,064
AEC Cost            61,565,100    64,027,704      66,588,812  69,252,365  72,022,459 74,903,358 77,899,492 Inflation      4%
$4,572,113
Assets                    SAFATOR &        3.50%      Assets Beginning              Decommissioning        Real      End YEAR    of Year    Contributions Disbursements    Earnings    of Year 2009  16,694,204    1,143,514                      604,309 18,442,026 2010  18,442,026    1,217,842                      666,783 20,326,651 2011  20,326,651    1,297,002                      734,130 22,357,783 2012  22,357,783    1,381,307                      806,695 24,545,785 2013  24,545,785    1,471,092                      884,847 26,901,724 2014  26,901,724    1,566,713                      968,978 29,437,414 2015  29,437,414    1,668,549                    1,059,509  32,165,472 2016  32,165,472    1,777,005                    1,156,889  35,099,366 2017  35,099,366    1,892,510                    1,261,597  38,253,473 2018  38,253,473    2,015,523                    1,374,143  41,643,139 2019  41,643,139    2,146,532                    1,495,074  45,284,746 2020  45,284,746    2,286,057                    1,624,972  49,195,775 2021  49,195,775    2,434,650                    1,764,458  53,394,883 2022  53,394,883    2,592,903                    1,914,197  57,901,983 2023  57,901,983    2,761,441                    2,074,895  62,738,319 1    2024  62,738,319              0      (3,191,778)  2,139,985  61,686,526 2    2025  61,686,526              0    (5,461,514)  2,063,452  58,288,464 3    2026  58,288,464              0    (1,281,013)  2,017,679  59,025,129 4    2027  59,025,129              0    (1,281,013)  2,043,462  59,787,578 5    2028  59,787,578              0    (1,284,556)  2,070,086  60,573,108 6    2029  60,573,108              0    (1,281,013) 2,097,641  61,389,735 7    2030  61,389,735              0    (1,281,013)  2,126,223  62,234,945 8    2031  62,234,945              0    (1,281,013)  2,155,805  63,109,738 9    2032  63,109,738              0      (652,021)  2,197,430  64,655,147 10   2033  64,655,147              0      (470,953)  2,254,688  66,438,882 11    2034   66,438,882              0      (460,071)  2,317,310  68,296,120 12    2035  68,296,120              0      (460,071)  2,382,313  70,218,362 13    2036  70,218,362              0      (460,071)  2,449,591 72,207,882 14    2037  72,207,882              0      (460,071)  2,519,225 74,267,035 15    2038  74,267,035              0      (460,071)  2,591,295 76,398,258 16    2039  76,398,258              0      (460,071)  2,665,888 78,604,075 17    2040  78,604,075              0      (460,071)  2,743,091 80,887,094 18    2041  80,887,094              0      (460,071)  2,822,997 83,250,020 19    2042  83,250,020              0      (460,071)  2,905,699 85,695,648 20    2043  85,695,648              0      (460,071)  2,991,296  88,226,873 21    2044  88,226,873              0      (460,071)  3,079,889 90,846,691 22    2045  90,846,691              0      (460,071)  3,171,583 93,558,202
$4,869,301
 
$5,185,805
Unit 2 Growth 23 2046  93,558,202                    (460,071)  3,266,486  96,364,617 24 2047  96,364,617                    (460,071)  3,364,710  99,269,255 25 2048  99,269,255                    (460,071) 3,466,373 102,275,557 26 2049 102,275,557                    (460,071) 3,571,593 105,387,078 27 2050 105,387,078                    (460,071) 3,680,496 108,607,503 28 2051 108,607,503                    (460,071) 3,793,211 111,940,643 29 2052 111,940,643                    (460,071) 3,909,871 115,390,443 30 2053 115,390,443                    (460,071) 4,030,614 118,960,986 31 2054 118,960,986                    (460,071) 4,155,583 122,656,497 32 2055 122,656,497                    (460,071) 4,284,926 126,481,352 33 2056 126,481,352                    (460,071) 4,418,796 130,440,077 34 2057 130,440,077                    (460,071)  4,557,351 134,537,357 35 2058 134,537,357                    (460,071)  4,700,756 138,778,041 36 2059 138,778,041                    (460,071)  4,849,180 143,167,150 37 2060 143,167,150                    (460,071)  5,002,799 147,709,878 38 2061 147,709,878                    (460,071)  5,161,794 152,411,601 39 2062 152,411,601                    (460,071)  5,326,355 157,277,884 40 2063 157,277,884                    (460,071)  5,496,675 162,314,487 41 2064 162,314,487                    (460,071)  5,672,956 167,527,371 42 2065 167,527,371                    (460,071)  5,855,407 172,922,707 43 2066 172,922,707                    (460,071)  6,044,243 178,506,879 44 2067 178,506,879                    (460,071)  6,239,690 184,286,497 45 2068 184,286,497                    (460,071)  6,441,976 190,268,401 46 2069 190,268,401                    (460,071)  6,651,343 196,459,673 47 2070 196,459,673                    (460,071)  6,868,037 202,867,638 48 2071 202,867,638                    (460,071)  7,092,316 209,499,883 49 2072 209,499,883                    (460,071)  7,324,445 216,364,256 50 2073 216,364,256                    (460,071)  7,564,698 223,468,882 51 2074 223,468,882                    (460,071)  7,813,360 230,822,171 52 2075 230,822,171                    (460,071)  8,070,725 238,432,824 53 2076 238,432,824                    (470,953)  8,336,907 246,298,778 54 2077 246,298,778                    (472,219)  8,612,193 254,438,753 55 2078 254,438,753                  (2,129,159)  8,868,096 261,177,689 56 2079 261,177,689                  .(5,115,322)  9,051,701 265,114,069 57 2080 265,114,069                (15,628,892)  9,005,487 258,490,664 58 2081 258,490,664                  (8,355,561)  8,900,951 259,036,053 59 2082 259,036,053                  (7,083,658)  8,942,298 260,894,693 60 2083 260,894,693                  (1,854,837)  9,098,855 268,138,710 Summary      Sumay16,694,204 27,652,639 (77,899,492) 301,691,359 268,138,710}}
$2,761,441
$52,543,836 ATTACHMENT 2
AFFIDAVIT OF KENNETH W. KAMMEIER I, Kenneth W. Kammeier, Vice President  
-Finance & Accounting of Allegheny Electric Cooperative, Inc. ("Allegheny"), do hereby affirm and state: 1. I am an officer of Allegheny authorized to execute this affidavit on its behalf. I am further authorized to review information submitted to the Nuclear Regulatory Commission and apply for the withholding of information from disclosure.
: 2. Allegheny is providing information which constitutes proprietary financial information that should be held in confidence by the NRC pursuarnt to the provisions of 10 C.F.R.§§ 2.390(a)(4) and 9.17(a)(4), because: i) This information has been held in confidence by Allegheny.
ii) This information is of a type that is held in confidence by Allegheny, and there is a rational basis for doing so because the information contains sensitive financial information.
iii) This information is being transmitted to the NRC in confidence.
iv) This information is not available in public sources and could not be gathered readily from other publicly available information.
v) Public disclosure of this information would cause substantial harm to the competitive position of Allegheny by disclosing Allegheny's internal cost projections to other parties whose commercial interests may be adverse to those of Allegheny.
: 3. Accordingly, Allegheny requests that the information in Attachment 2 be withheld from public disclosure pursuant to the provisions of 10 C.F.R. §§ 2.390(a)(4) and 9.17(a)(4).
A~hey Elctri CooeratveInc.
Kenneth W. Kammeier Vice President, Finance & Accounting Subscribed and sworn before me, COMMONWEALTH OF PENNSYLVANIA a Notary Public in and for the COMMONWEALTH__FPENNSYLVANIA Commonwealth of Pennsylvania NOTARIAL SEAL I thisj,!'day of Mm(WYVx , 2009. LINDA BURDICK RUSSELL, Notary Public Ct , of Hardsbu,, Dauphin Coun 1 M ssion pires Feb. 8, 203 Unit 1 Growth 2002 2003 License Termination 502,908,000 Ownership  
%/ 10%/AEC Cost 50,290,800 52,302,432 Inflation 4%2004 2005 2006 2007 2008 54,394,529 56,570,310 58,833,123 61,186,448 63,633,906 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 YEAR 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 Assets Beginning of Year 16,694,204 18,442,026 20,326,651 22,357,783 24,545,785 26,901,724 29,437,414 32,165,472 35,099,366 38,253,473 41,643,139 45,284,746 49,195,775 53,394,883 55,968,086 51,259,589 51,739,176 52,616,637 53,524,809 54,464,768 55,435,050 56,441,866 57,750,555 59,414,167 61,135,783 62,917,654 64,761,891 66,670,677 68,646,270 70,691,008 72,807,313 74,997,688 77,264,726 79,611,111 82,039,619 84,553,125 87,154,604 SAFATOR &Decommissioning Contributions Disbursements 1,143,514 1,217,842 1,297,002 1,381,307 1,471,092 1,566,713 1,668,549 1,777,005 1,892,510 2,015,523 2,146,532 2,286,057 2,434,650 2,592,903 (1,900,636 0 (6,552,708:
0 (1,291,891 0 (917,356 0 (917,356 0 (917,356 0 (919,887 0 (917,356 0 (655,309 0 (351,506 0 (351,726 0 (351,726 0 (351,726 0 (351,726 0 (351,726 0 (351,726 0 (351,726 0 (351,726 0 (351,726 0 (351,726 0 (351,726 0 (351,726 0 (351,726 0 (351,726)))))))))))))))))3.50%Real Earnings 604,309 666,783 734,130 806,695 884,847 968,978 1,059,509 1,156,889 1,261,597 1,374,143 1,495,074 1,624,972 1,764,458 1,880,936 1,844,211 1,771,478 1,794,817 1,825,529 1,857,315 1,890,169 1,924,173 1,963,997 2,015,118 2,073,341 2,133,597 2,195,963 2,260,511 2,327,318 2,396,464 2,468,030 2,542,101 2,618,764 2,698,110 2,780,234 2,865,231 2,953,204 3,044,256 Assets End of Year 18,442,026 20,326,651 22,357,783 24,545,785 26,901,724 29,437,414 32,165,472 35,099,366 38,253,473 41,643,139 45,284,746 49,195,775 53,394,883 55,968,086 51,259,589 51,739,176 52,616,637 53,524,809 54,464,768 55,435,050 56,441,866 57,750,555 59,414,167 61,135,783 62,917,654 64,761,891 66,670,677 68,646,270 70,691,008 72,807,313 74,997,688 77,264,726 79,611,111 82,039,619 84,553,125 87,154,604 89,847,134 Unit 1 Growth 25 2046 89,847,134 26 2047 92,633,903 27 2048 95,518,209 28 2049 98,503,466 29 2050 101,593,206 30 2051 104,791,088 31 2052 108,100,895 32 2053 111,526,546 33 2054 115,072,094 34 2055 118,7.41,736 35 2056 122,539,817 36 2057 126,470,829 37 2058 130,539,428 38 2059 134,750,427 39 2060 139,108,811 40 2061 143,619,739 41 2062 148,288,549 42 2063 153,120,767 43 2064 158,122,113 44 2065 163,298,507 45 2066 168,656,074 46 2067 174,201,155 47 2068 179,940,3.15 48 2069 185,880,345 49 2070 192,028,277 50 2071 198,391,386 51 2072 204,977,203 52 2073 211,793,525 53 2074 218,848,417 54 2075 226,150,455 55 2076 233,708,064 56 2077 239,425,704 57 2078 241,228,732 58 2079 234,900,814 59 2080 237,949,577 60 2081 243,054,908 (351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,726)(351,506)(351,506)(2,419,796)
(6,463,756)
(14,516,879)
(5,083,799)
(3,167,473)
(1,165,359) 3,138,495 3,236,031 3,336,982 3,441,466 3,549,607 3,661,533 3,777,376 3,897,274 4,021,368 4,149,806 4,282,738 4,420,324 4,562,725 4,710,110 4,862,653 5,020,536 5,183,944 5,353,072 5,528,119 5,709,293 5,896,807 6,090,885 6,291,756 6,499,657 6,714,834 6,937,543 7,168,047 7,406,618 7,653,543 7,909,115 8,137,436 8,266,784 8,188,960 8,132,562 8,272,804 8,486,528 92,633,903 95,518,209 98,503,466 101,593,206 104,791,088 108,100,895 111,526,546 115,072,094 118,741,736 122,539,817 126,470,829 130,539,428 134,750,427 139,108,811 143,619,739 148,288,549 153,120,767 158,122,113 163,298,507 168,656,074 174,201,155 179,940,315 185,880,345 192,028,277 198,391,386 204,977,203 211,793,525 218,848,417 226,150,455 233,708,064 239,425,704 241,228,732 234,900,814 237,949,577 243,054,908 250,376,077 Summary 16,694,204 24,891,197 Sumary16,94204 24,91,97 (63,633,906) 272,424,582 250,376,077 Unit 2 Growth 2002 2003 License Termination 615,651,000 Ownership
% 10%AEC Cost 61,565,100 64,027,704 Inflation 4%2004 2005 2006 2007 2008 66,588,812 69,252,365 72,022,459 74,903,358 77,899,492 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 YEAR 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 Assets Beginning of Year 16,694,204 18,442,026 20,326,651 22,357,783 24,545,785 26,901,724 29,437,414 32,165,472 35,099,366 38,253,473 41,643,139 45,284,746 49,195,775 53,394,883 57,901,983 62,738,319 61,686,526 58,288,464 59,025,129 59,787,578 60,573,108 61,389,735 62,234,945 63,109,738 64,655,147 66,438,882 68,296,120 70,218,362 72,207,882 74,267,035 76,398,258 78,604,075 80,887,094 83,250,020 85,695,648 88,226,873 90,846,691 SAFATOR &Decommissioning Contributions Disbursements 1,143,514 1,217,842 1,297,002 1,381,307 1,471,092 1,566,713 1,668,549 1,777,005 1,892,510 2,015,523 2,146,532 2,286,057 2,434,650 2,592,903 2,761,441 0 (3,191,778) 0 (5,461,514) 0 (1,281,013) 0 (1,281,013) 0 (1,284,556) 0 (1,281,013) 0 (1,281,013) 0 (1,281,013) 0 (652,021)0 (470,953)0 (460,071)0 (460,071)0 (460,071)0 (460,071)0 (460,071)0 (460,071)0 (460,071)0 (460,071)0 (460,071)0 (460,071)0 (460,071)0 (460,071)3.50%Real Earnings 604,309 666,783 734,130 806,695 884,847 968,978 1,059,509 1,156,889 1,261,597 1,374,143 1,495,074 1,624,972 1,764,458 1,914,197 2,074,895 2,139,985 2,063,452 2,017,679 2,043,462 2,070,086 2,097,641 2,126,223 2,155,805 2,197,430 2,254,688 2,317,310 2,382,313 2,449,591 2,519,225 2,591,295 2,665,888 2,743,091 2,822,997 2,905,699 2,991,296 3,079,889 3,171,583 Assets End of Year 18,442,026 20,326,651 22,357,783 24,545,785 26,901,724 29,437,414 32,165,472 35,099,366 38,253,473 41,643,139 45,284,746 49,195,775 53,394,883 57,901,983 62,738,319 61,686,526 58,288,464 59,025,129 59,787,578 60,573,108 61,389,735 62,234,945 63,109,738 64,655,147 66,438,882 68,296,120 70,218,362 72,207,882 74,267,035 76,398,258 78,604,075 80,887,094 83,250,020 85,695,648 88,226,873 90,846,691 93,558,202 Unit 2 Growth 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 2046 2047 2048 2049 2050 2051 2052 2053 2054 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 2069 2070 2071 2072 2073 2074 2075 2076 2077 2078 2079 2080 2081 2082 2083 93,558,202 96,364,617 99,269,255 102,275,557 105,387,078 108,607,503 111,940,643 115,390,443 118,960,986 122,656,497 126,481,352 130,440,077 134,537,357 138,778,041 143,167,150 147,709,878 152,411,601 157,277,884 162,314,487 167,527,371 172,922,707 178,506,879 184,286,497 190,268,401 196,459,673 202,867,638 209,499,883 216,364,256 223,468,882 230,822,171 238,432,824 246,298,778 254,438,753 261,177,689 265,114,069 258,490,664 259,036,053 260,894,693 (460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(460,071)(470,953)(472,219)(2,129,159)
.(5,115,322)
(15,628,892)
(8,355,561)
(7,083,658)
(1,854,837) 3,266,486 3,364,710 3,466,373 3,571,593 3,680,496 3,793,211 3,909,871 4,030,614 4,155,583 4,284,926 4,418,796 4,557,351 4,700,756 4,849,180 5,002,799 5,161,794 5,326,355 5,496,675 5,672,956 5,855,407 6,044,243 6,239,690 6,441,976 6,651,343 6,868,037 7,092,316 7,324,445 7,564,698 7,813,360 8,070,725 8,336,907 8,612,193 8,868,096 9,051,701 9,005,487 8,900,951 8,942,298 9,098,855 96,364,617 99,269,255 102,275,557 105,387,078 108,607,503 111,940,643 115,390,443 118,960,986 122,656,497 126,481,352 130,440,077 134,537,357 138,778,041 143,167,150 147,709,878 152,411,601 157,277,884 162,314,487 167,527,371 172,922,707 178,506,879 184,286,497 190,268,401 196,459,673 202,867,638 209,499,883 216,364,256 223,468,882 230,822,171 238,432,824 246,298,778 254,438,753 261,177,689 265,114,069 258,490,664 259,036,053 260,894,693 268,138,710 268,138,710 Summary Sumay16,694,204 27,652,639 (77,899,492) 301,691,359}}

Latest revision as of 08:28, 14 November 2019

Decommissioning Report of Financial Assurance
ML090910406
Person / Time
Site: Susquehanna  Talen Energy icon.png
Issue date: 03/25/2009
From: Kammeier K
Allegheny Electric Cooperative
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML090910406 (13)
v • d • e


Text

A Touchstone Energyo Cooperative ELECTRIC COOPERATIVE, INC.

212 LOCUST ST.

  • p.O. BOX 1266
  • HARRISBURG, PA 17108-1266 e PHONE 717/233-5704 ° FAX 717/234-1309 March 25, 2009 U.S. Nuclear Regulatory Commission Attn: Document Control Desk Mail Station OPl-17 Washington, DC 20555 Sumbitted pursuant to 10 CFR 2.390 SUSQUEHANNA STEAM ELECTRIC STATION DECOMMISSIONING REPORT OF FINANCIAL ASSURANCE Docket Nos. 50-387 and 50-388 In accordance with 10 CFR 50.75(f)(1), we are submitting Allegheny Electric Cooperative, Inc.'s decommissioning report of financial assurance for our 10 percent interest in Susquehanna Units I and 2.

If you have any questions regarding the report, please contact me at (717) 233-5704.

Sincerely, Kenneth W. Kammeier Vice President, Finance & Accounting

Attachment:

Decommissioning Report cc: NRC Region I Mr.F.W.Jaxheimer, NRC Sr. Resident Inspector Mr. B. K. Vaidya, NRC Project Manager AOD (

ATTACHMENT I Attachment 1 Page 1 of 1 NRC Decommissioning Funding Status Report December 31, 2008 Allegheny Electric Cooperative, Inc.

Susquehanna Steam Electric Station Allegheny Electric Cooperative (AEC) hereby submits this Decommissioning Report in compliance with 10 CFR 50.75(f)(1) for its 10 percent share of Susquehanna Units 1 and 2.

Information is submitted to provide Financial Assurance Unit 1 Unit 2

1. The minimum amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c).

At December 31, 2008 $57,226,500 $57,226,500 AEC's calculation of the NRC minimum formula is reflected in Exhibit 1.

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c).

Market Value at December 31, 2008 $16,694,204 $16,694,204

3. See Exhibit 2 for a schedule of the annual amounts remaining to be collected.
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.

Estimated Inflation rate for decommissioning costs 4% 4%

Estimated Earnings rates on decommissioning funds 7.5% 7.5%

Rates of other factors used in funding projections (None) (None)

AEC sets its own rates and believes the above assumptions are reasonable.

5. Any power sale contracts upon which licensee is relying to (see below) (see below) provide financial assurance.

AEC is the wholesale power supplier for the 14 rural electric cooperatives in Pennsylvania and New Jersey. AEC has all requirements contracts with its 14 member distribution cooperatives, which is the source for funding the Trust Fund.

6. Modifications to licensee's method of providing financial None None assurance since previous report.
7. Material changes to trust agreement. None None

Exhibit 1 Page 1 of 3 Calculation of Escalation Factors Used in Computation of Minimum Financial Assurance Amount for Decommissioning Susquehanna Steam Electric Station Units I and 2 Boiling Water Reactor (BWR)

Escalation Factor Formula - 0.65(L) + 0.13(E) + 0.22(B)

Escalation = (0.65 x 2.365) + (0.13 x 1.829) + (0.22 x 11.198)

Escalation = (1.537 + 0.238 + 2.464) = 4.239 (L) - Labor - (Bureau of Labor Statistics, CIU20100000002101, 2008, Qtr4, Total Compensation, Private Industry, Northeast)

Northeast region - December 2008 Index Number 109.5 December 2005 Index Number 100.0 December 2005 base 2.16 L = 109.5 x 2.16 = 2.365 100.0 (E) - Energy (Producer Price Index Commodities, Series ID: wpu-543 and wpu-0573)

E = (0.54P + 0.46F)

E = (0.54 x 1.669) + (0.46 x 2.018)

E = 0.901 + 0.928 = 1.829 P - Industrial Electric Power (wpu-0543)

December 2008 Index Number (preliminary) 190.6 January 1986 Index Number 114.2 (1)

P= 190.6 = 1.669 114.2 F - Light Fuel Oils - (wpu-0573)

December 2008 Index Number (preliminary) 165.5 January 1986 Index Number 82.0 F= 165.5 = 2.018 82.0

Exhibit 1 Page 2 of 3 (B) Waste Burial NUREG - 1307, Rev.13, Table 2.1 - Values of Bx as a Function of LLW Burial Site, Waste Vendor, and Year: Bx Values for Generic LLW Disposal Site Direct Disposal with Vendors (BWR): 11.198 (1) Represents the national base value of P at January 1986. The base value of P is no longer determined on a regional basis.

Exhibit 1 Page 3 of 3 Computation of Minimum Financial Assurance Amount for Decommissioning Susquehanna Steam Electric Station Units 1 and 2 Unit 1 Unit 2 Base amount for BWR greater than 3,400 MWt = $135 million $135,000,000 $135,000,000 The Power Level of Unit 1 and Unit 2 is = 3,489 MWt Ownership percentage 10% 10%

Base amount per unit $13,500,000 $13,500,000 Escalation Factor 4.239 4.239 Escalated Amount per Unit $57,226,500 $57,226,500 Total Escalated Amount (Unit 1 + Unit 2) $114,453,000

Exhibit .2 Page 1 of 1 AEC Nuclear Decommissioning Trust Expected Contributions 2009 Filing Year Unit 1 Unit 2 Total 2009 $1,143,514 $1,143,514 $2,287,027 2010 $1,217,842 $1,217,842 $2,435,684 2011 $1,297,002 $1,297,002 $2,594,003 2012 $1,381,307 $1,381,307 $2,762,614 2013 $1,471,092 $1,471,092 $2,942,183 2014 $1,566,713 $1,566,713 $3,133,425 2015 $1,668,549 $1,668,549 $3,337,098 2016 $1,777,005 $1,777,005 $3,554,009 2017 $1,892,510 $1,892,510 $3,785,020 2018 $2,015,523 $2,015,523 $4,031,046 2019 $2,146,532 $2,146,532 $4,293,064 2020 $2,286,057 $2,286,057 $4,572,113 2021 $2,434,650 $2,434,650 $4,869,301 2022 $2,592,903 $2,592,903 $5,185,805 2023 $2,761,441 $2,761,441 2009-2023 $24,891,197 $27,652,639 $52,543,836

ATTACHMENT 2 AFFIDAVIT OF KENNETH W. KAMMEIER I, Kenneth W. Kammeier, Vice President - Finance & Accounting of Allegheny Electric Cooperative, Inc. ("Allegheny"), do hereby affirm and state:

1. I am an officer of Allegheny authorized to execute this affidavit on its behalf. I am further authorized to review information submitted to the Nuclear Regulatory Commission and apply for the withholding of information from disclosure.
2. Allegheny is providing information which constitutes proprietary financial information that should be held in confidence by the NRC pursuarnt to the provisions of 10 C.F.R.

§§ 2.390(a)(4) and 9.17(a)(4), because:

i) This information has been held in confidence by Allegheny.

ii) This information is of a type that is held in confidence by Allegheny, and there is a rational basis for doing so because the information contains sensitive financial information.

iii) This information is being transmitted to the NRC in confidence.

iv) This information is not available in public sources and could not be gathered readily from other publicly available information.

v) Public disclosure of this information would cause substantial harm to the competitive position of Allegheny by disclosing Allegheny's internal cost projections to other parties whose commercial interests may be adverse to those of Allegheny.

3. Accordingly, Allegheny requests that the information in Attachment 2 be withheld from public disclosure pursuant to the provisions of 10 C.F.R. §§ 2.390(a)(4) and 9.17(a)(4).

CooeratveInc.

A~hey Elctri Kenneth W. Kammeier Vice President, Finance & Accounting Subscribed and sworn before me, COMMONWEALTH OF PENNSYLVANIA a Notary Public in and for the COMMONWEALTH__FPENNSYLVANIA Commonwealth of Pennsylvania thisj,!'day of Mm(WYVx , 2009.

NOTARIAL SEAL LINDA BURDICK RUSSELL, Notary Public I

Ct , of Hardsbu,, Dauphin Coun 1 M ssion pires Feb. 8, 203

Unit 1 Growth 2002 2003 2004 2005 2006 2007 2008 License Termination 502,908,000 Ownership %/ 10%/

AEC Cost 50,290,800 52,302,432 54,394,529 56,570,310 58,833,123 61,186,448 63,633,906 Inflation 4%

Assets SAFATOR & 3.50% Assets Beginning Decommissioning Real End YEAR of Year Contributions Disbursements Earnings of Year 2009 16,694,204 1,143,514 604,309 18,442,026 2010 18,442,026 1,217,842 666,783 20,326,651 2011 20,326,651 1,297,002 734,130 22,357,783 2012 22,357,783 1,381,307 806,695 24,545,785 2013 24,545,785 1,471,092 884,847 26,901,724 2014 26,901,724 1,566,713 968,978 29,437,414 2015 29,437,414 1,668,549 1,059,509 32,165,472 2016 32,165,472 1,777,005 1,156,889 35,099,366 2017 35,099,366 1,892,510 1,261,597 38,253,473 2018 38,253,473 2,015,523 1,374,143 41,643,139 2019 41,643,139 2,146,532 1,495,074 45,284,746 2020 45,284,746 2,286,057 1,624,972 49,195,775 2021 49,195,775 2,434,650 1,764,458 53,394,883 2022 53,394,883 2,592,903 (1,900,636 1,880,936 55,968,086 2 2023 55,968,086 0 (6,552,708: 1,844,211 51,259,589 3 2024 51,259,589 0 (1,291,891 1,771,478 51,739,176 4 2025 51,739,176 0 (917,356 1,794,817 52,616,637 5 2026 52,616,637 0 (917,356 1,825,529 53,524,809 6 2027 53,524,809 0 (917,356 1,857,315 54,464,768 7 2028 54,464,768 0 (919,887 ) 1,890,169 55,435,050 8 2029 55,435,050 0 (917,356 ) 1,924,173 56,441,866 9 2030 56,441,866 0 (655,309 ) 1,963,997 57,750,555 10 2031 57,750,555 0 (351,506 ) 2,015,118 59,414,167 11 2032 59,414,167 0 (351,726 ) 2,073,341 61,135,783 12 2033 61,135,783 0 (351,726 ) 2,133,597 62,917,654 13 2034 62,917,654 0 (351,726 ) 2,195,963 64,761,891 14 2035 64,761,891 0 (351,726 ) 2,260,511 66,670,677 15 2036 66,670,677 0 (351,726 ) 2,327,318 68,646,270 16 2037 68,646,270 0 (351,726 ) 2,396,464 70,691,008 17 2038 70,691,008 0 (351,726 ) 2,468,030 72,807,313 18 2039 72,807,313 0 (351,726 ) 2,542,101 74,997,688 19 2040 74,997,688 0 (351,726 ) 2,618,764 77,264,726 20 2041 77,264,726 0 (351,726 ) 2,698,110 79,611,111 21 2042 79,611,111 0 (351,726 ) 2,780,234 82,039,619 22 2043 82,039,619 0 (351,726 ) 2,865,231 84,553,125 23 2044 84,553,125 0 (351,726 ) 2,953,204 87,154,604 24 2045 87,154,604 0 (351,726 3,044,256 89,847,134

Unit 1 Growth 25 2046 89,847,134 (351,726) 3,138,495 92,633,903 26 2047 92,633,903 (351,726) 3,236,031 95,518,209 27 2048 95,518,209 (351,726) 3,336,982 98,503,466 28 2049 98,503,466 (351,726) 3,441,466 101,593,206 29 2050 101,593,206 (351,726) 3,549,607 104,791,088 30 2051 104,791,088 (351,726) 3,661,533 108,100,895 31 2052 108,100,895 (351,726) 3,777,376 111,526,546 32 2053 111,526,546 (351,726) 3,897,274 115,072,094 33 2054 115,072,094 (351,726) 4,021,368 118,741,736 34 2055 118,7.41,736 (351,726) 4,149,806 122,539,817 35 2056 122,539,817 (351,726) 4,282,738 126,470,829 36 2057 126,470,829 (351,726) 4,420,324 130,539,428 37 2058 130,539,428 (351,726) 4,562,725 134,750,427 38 2059 134,750,427 (351,726) 4,710,110 139,108,811 39 2060 139,108,811 (351,726) 4,862,653 143,619,739 40 2061 143,619,739 (351,726) 5,020,536 148,288,549 41 2062 148,288,549 (351,726) 5,183,944 153,120,767 42 2063 153,120,767 (351,726) 5,353,072 158,122,113 43 2064 158,122,113 (351,726) 5,528,119 163,298,507 44 2065 163,298,507 (351,726) 5,709,293 168,656,074 45 2066 168,656,074 (351,726) 5,896,807 174,201,155 46 2067 174,201,155 (351,726) 6,090,885 179,940,315 47 2068 179,940,3.15 (351,726) 6,291,756 185,880,345 48 2069 185,880,345 (351,726) 6,499,657 192,028,277 49 2070 192,028,277 (351,726) 6,714,834 198,391,386 50 2071 198,391,386 (351,726) 6,937,543 204,977,203 51 2072 204,977,203 (351,726) 7,168,047 211,793,525 52 2073 211,793,525 (351,726) 7,406,618 218,848,417 53 2074 218,848,417 (351,506) 7,653,543 226,150,455 54 2075 226,150,455 (351,506) 7,909,115 233,708,064 55 2076 233,708,064 (2,419,796) 8,137,436 239,425,704 56 2077 239,425,704 (6,463,756) 8,266,784 241,228,732 57 2078 241,228,732 (14,516,879) 8,188,960 234,900,814 58 2079 234,900,814 (5,083,799) 8,132,562 237,949,577 59 2080 237,949,577 (3,167,473) 8,272,804 243,054,908 60 2081 243,054,908 (1,165,359) 8,486,528 250,376,077 Summary 16,694,204 24,891,197 Sumary16,94204 (63,633,906)24,91,97 272,424,582 250,376,077

Unit 2 Growth 2002 2003 2004 2005 2006 2007 2008 License Termination 615,651,000 Ownership % 10%

AEC Cost 61,565,100 64,027,704 66,588,812 69,252,365 72,022,459 74,903,358 77,899,492 Inflation 4%

Assets SAFATOR & 3.50% Assets Beginning Decommissioning Real End YEAR of Year Contributions Disbursements Earnings of Year 2009 16,694,204 1,143,514 604,309 18,442,026 2010 18,442,026 1,217,842 666,783 20,326,651 2011 20,326,651 1,297,002 734,130 22,357,783 2012 22,357,783 1,381,307 806,695 24,545,785 2013 24,545,785 1,471,092 884,847 26,901,724 2014 26,901,724 1,566,713 968,978 29,437,414 2015 29,437,414 1,668,549 1,059,509 32,165,472 2016 32,165,472 1,777,005 1,156,889 35,099,366 2017 35,099,366 1,892,510 1,261,597 38,253,473 2018 38,253,473 2,015,523 1,374,143 41,643,139 2019 41,643,139 2,146,532 1,495,074 45,284,746 2020 45,284,746 2,286,057 1,624,972 49,195,775 2021 49,195,775 2,434,650 1,764,458 53,394,883 2022 53,394,883 2,592,903 1,914,197 57,901,983 2023 57,901,983 2,761,441 2,074,895 62,738,319 1 2024 62,738,319 0 (3,191,778) 2,139,985 61,686,526 2 2025 61,686,526 0 (5,461,514) 2,063,452 58,288,464 3 2026 58,288,464 0 (1,281,013) 2,017,679 59,025,129 4 2027 59,025,129 0 (1,281,013) 2,043,462 59,787,578 5 2028 59,787,578 0 (1,284,556) 2,070,086 60,573,108 6 2029 60,573,108 0 (1,281,013) 2,097,641 61,389,735 7 2030 61,389,735 0 (1,281,013) 2,126,223 62,234,945 8 2031 62,234,945 0 (1,281,013) 2,155,805 63,109,738 9 2032 63,109,738 0 (652,021) 2,197,430 64,655,147 10 2033 64,655,147 0 (470,953) 2,254,688 66,438,882 11 2034 66,438,882 0 (460,071) 2,317,310 68,296,120 12 2035 68,296,120 0 (460,071) 2,382,313 70,218,362 13 2036 70,218,362 0 (460,071) 2,449,591 72,207,882 14 2037 72,207,882 0 (460,071) 2,519,225 74,267,035 15 2038 74,267,035 0 (460,071) 2,591,295 76,398,258 16 2039 76,398,258 0 (460,071) 2,665,888 78,604,075 17 2040 78,604,075 0 (460,071) 2,743,091 80,887,094 18 2041 80,887,094 0 (460,071) 2,822,997 83,250,020 19 2042 83,250,020 0 (460,071) 2,905,699 85,695,648 20 2043 85,695,648 0 (460,071) 2,991,296 88,226,873 21 2044 88,226,873 0 (460,071) 3,079,889 90,846,691 22 2045 90,846,691 0 (460,071) 3,171,583 93,558,202

Unit 2 Growth 23 2046 93,558,202 (460,071) 3,266,486 96,364,617 24 2047 96,364,617 (460,071) 3,364,710 99,269,255 25 2048 99,269,255 (460,071) 3,466,373 102,275,557 26 2049 102,275,557 (460,071) 3,571,593 105,387,078 27 2050 105,387,078 (460,071) 3,680,496 108,607,503 28 2051 108,607,503 (460,071) 3,793,211 111,940,643 29 2052 111,940,643 (460,071) 3,909,871 115,390,443 30 2053 115,390,443 (460,071) 4,030,614 118,960,986 31 2054 118,960,986 (460,071) 4,155,583 122,656,497 32 2055 122,656,497 (460,071) 4,284,926 126,481,352 33 2056 126,481,352 (460,071) 4,418,796 130,440,077 34 2057 130,440,077 (460,071) 4,557,351 134,537,357 35 2058 134,537,357 (460,071) 4,700,756 138,778,041 36 2059 138,778,041 (460,071) 4,849,180 143,167,150 37 2060 143,167,150 (460,071) 5,002,799 147,709,878 38 2061 147,709,878 (460,071) 5,161,794 152,411,601 39 2062 152,411,601 (460,071) 5,326,355 157,277,884 40 2063 157,277,884 (460,071) 5,496,675 162,314,487 41 2064 162,314,487 (460,071) 5,672,956 167,527,371 42 2065 167,527,371 (460,071) 5,855,407 172,922,707 43 2066 172,922,707 (460,071) 6,044,243 178,506,879 44 2067 178,506,879 (460,071) 6,239,690 184,286,497 45 2068 184,286,497 (460,071) 6,441,976 190,268,401 46 2069 190,268,401 (460,071) 6,651,343 196,459,673 47 2070 196,459,673 (460,071) 6,868,037 202,867,638 48 2071 202,867,638 (460,071) 7,092,316 209,499,883 49 2072 209,499,883 (460,071) 7,324,445 216,364,256 50 2073 216,364,256 (460,071) 7,564,698 223,468,882 51 2074 223,468,882 (460,071) 7,813,360 230,822,171 52 2075 230,822,171 (460,071) 8,070,725 238,432,824 53 2076 238,432,824 (470,953) 8,336,907 246,298,778 54 2077 246,298,778 (472,219) 8,612,193 254,438,753 55 2078 254,438,753 (2,129,159) 8,868,096 261,177,689 56 2079 261,177,689 .(5,115,322) 9,051,701 265,114,069 57 2080 265,114,069 (15,628,892) 9,005,487 258,490,664 58 2081 258,490,664 (8,355,561) 8,900,951 259,036,053 59 2082 259,036,053 (7,083,658) 8,942,298 260,894,693 60 2083 260,894,693 (1,854,837) 9,098,855 268,138,710 Summary Sumay16,694,204 27,652,639 (77,899,492) 301,691,359 268,138,710

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