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{{#Wiki_filter:Datasheet 1Signature: Michael Purdie/ Jo Ann Simpson  Date: 06/20/2011Secondary Review: Kosmas LoisDate: 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:100.00%1 3 4 2.00%N Y N N Y 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 NAny 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)
{{#Wiki_filter:Datasheet 1 Plant name:                                   Surry Power Station, Unit 1                                                    Docket Number:                                   50-280 1      The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):                                                                     $434,800,000 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)
NPost-RAIRates Determined (Y/N)Total Trust Fund Balance 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 Y$434,800,000The total amount of dollars accumulated at the end of the appropriate year: (see below)Virginia Electric and Power CompanyLicensee:$269,900,000Amount in Trust Fund:$269,900,000Real Rate of ReturnPUC Verified (Y/N) Plant name:Surry Power Station, Unit 1 50-280RAI Needed (Y/N)PUC Verified (Y/N)Provided Docket 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 RateAllowed through Decom (Y/N)
Licensee:              % Owned: Category:                      Amount in Trust Fund:
Datasheet 2Signature: Michael Purdie/ Jo Ann Simpson  Date: 06/20/2011Secondary Review: Kosmas Lois Date: 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 5PWR 2587$97,765,600112.81.980.652.231.676191.4114.23.049250.082.00.132.2530.2212.28% Owned:Category100.00%1 2%21.40See Annuity SheetSee Annuity Sheet 2%7 Bx Ex LxECIBase LxBase Px2010Year:Surry Power Station, Unit 1Docket Number:Date of Operation:Latest Month Fx$424,270,315Years remaining after annuity Px50-2802531Termination of Operations:2032 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$434,682,511NRC Minimum:$434,682,511Trust Fund Balance:Step 1: FxSite Specific:Total Step 2:Years Left in LicenseN/AReal Rate of Return per yearDoes Licensee Pass:
Virginia Electric and Power 100.00%         1                          $269,900,000 Company Total Trust Fund Balance        $269,900,000 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)
NOSee Total Step 2$31,541,458Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthVirginia Electric and Power CompanyTotal Annuity:Step 3:$269,900,000Amount in Trust Fund:$11,936,907Total Earnings:$412,333,408Real Rate of Return per yearTotal of Steps 1 thru 3:See Annuity SheetNumber of Annual Payments:Accumulation:Step 2:Earnings Credit:$269,900,000Decom Period:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Fund Balance:$269,900,000Total Step 1 + Step 2$424,270,315 NOShortfall:
Post-RAI Rate of                            Rate(s) of                  PUC                                      RAI          PUC        Allowed        Rates Real Rate                  Allowed through Decom Return on      Escalation Rate        Other                  Verified                                Needed      Verified    through    Determined of Return                            (Y/N)
NODoes Licensee Pass:Does Licensee Pass:YES$455,811,772 Datasheet 2Signature: Michael Purdie/ Jo Ann Simpson  Date: 06/20/2011Secondary Review: Kosmas Lois Date: 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 52010Year:Surry Power Station, Unit 1Docket Number:Date of Operation:50-2802531Termination of Operations:2032DayPlant name:2.00%21.40See Annuity SheetSee Annuity Sheet2.00%7Earnings Credit:Step 4:Shortfall:
Earnings                            Factors                  (Y/N)                                    (Y/N)        (Y/N)    Decom (Y/N)       (Y/N) 2.00%          N                                        Y          N            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)
NOReal Rate of Return per yearYears remaining after annuity$11,936,907Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in LicenseYES$31,541,458Total Step 5Total of Steps 4 thru 6:$455,811,772Does Licensee Pass:Total Earnings:N/A 22$424,270,315See Annuity SheetSee Total Step 4Decom Period:Step 6:$424,270,315See Total Step 4Does Licensee Pass:Real Rate of Return per year NOTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Real Rate of Return per yearAccumulation:Value of Annuity per year$269,900,000Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$412,333,408 NOIf licensee is granted greater than 2% RRR Datasheet 2Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011Secondary Review: Kosmas LoisDate: 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 5 25 2032YearAnnuity: 2011$433,800 2%$662,749 2012$433,800 2%$649,754 2013$433,800 2%$637,013 2014$433,800 2%$624,523 2015$433,800 2%$612,277 2016$433,800 2%$600,272 2017$433,800 2%$588,502 2018$433,800 2%$576,963 2019$433,800 2%$565,650 2020$433,800 2%$554,559 2021$433,800 2%$543,685 2022$433,800 2%$533,024 2023$433,800 2%$522,573 2024$433,800 2%$512,326 2025$433,800 2%$502,281 2026$433,800 2%$492,432 2027$433,800 2%$482,777 2028$433,800 2%$473,310 2029$433,800 2%$464,030 2030$433,800 2%$454,931 2031$433,800 2%$446,011 2032$433,800 2%$437,266Total:$11,936,907ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:
Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois                                                                                                                        Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011                                                                                                                                                    Formulas verified by: Clayton Pittiglio
Datasheet 2Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011Secondary Review: Kosmas LoisDate: 7/28/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 5 25 2032ANNUITYTermination of Operations:YearAnnuity: 2011$433,8002.00%$662,749 2012$433,8002.00%$649,754 2013$433,8002.00%$637,013 2014$433,8002.00%$624,523 2015$433,8002.00%$612,277 2016$433,8002.00%$600,272 2017$433,8002.00%$588,502 2018$433,8002.00%$576,963 2019$433,8002.00%$565,650 2020$433,8002.00%$554,559 2021$433,8002.00%$543,685 2022$433,8002.00%$533,024 2023$433,8002.00%$522,573 2024$433,8002.00%$512,326 2025$433,8002.00%$502,281 2026$433,8002.00%$492,432 2027$433,8002.00%$482,777 2028$433,8002.00%$473,310 2029$433,8002.00%$464,030 2030$433,8002.00%$454,931 2031$433,8002.00%$446,011 2032$433,8002.00%$437,266Total:$11,936,907If licensee is granted greater than 2% RRRReal Rate of Return:Total Accumulation}}
 
Datasheet 2 Plant name:                                    Surry Power Station, Unit 1                                        Docket Number:                50-280 Month:                Day                    Year:
Date of Operation:                                          12                  31                      2010 Termination of Operations:                                          5                  25                      2032 Latest                  Latest BWR/PWR            MWth                  1986$            ECI      Base Lx                      Lx          Px                Base Px    Fx            Base Fx      Ex                    Bx Month Px                  Month Fx PWR              2587              $97,765,600        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:                                     $434,682,511                                Site Specific:
Amount of NRC Minimum/Site Licensee:                 % Owned:         Category                  Specific:               Amount in Trust Fund:
Virginia Electric and Power 100.00%              1                  $434,682,511                    $269,900,000 Company Total Fund Balance:         $269,900,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance:                per year      in License      Total Earnings:        Does Licensee Pass:
          $269,900,000                    2%              21.40          $412,333,408                  NO Step 2:
Accumulation:
Value of Annuity per year       Real Rate of Return    Number of Annual (amount/See Annuity 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                    $11,936,907 Total Step 1 + Step 2    Does Licensee Pass:
                                                                                        $424,270,315                  NO Step 3:
Decom Period:
Real Rate of Return   Decom        Total Earnings for Total Earnings:                 per year        Period:           Decom:
          $424,270,315                    2%                7            $31,541,458 Total of Steps 1 thru 3:   Does Licensee Pass:     Shortfall:
                                                                                        $455,811,772                  YES                NO Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois                                                                                                                                                  Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011                                                                                                                                                                              Formulas verified by: Clayton Pittiglio
 
Datasheet 2 Plant name:                                     Surry Power Station, Unit 1                                        Docket Number:         50-280 Month:                 Day                    Year:
Date of Operation:                                         12                  31                      2010 Termination of Operations:                                         5                  25                      2032 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:
          $269,900,000                    2.00%           21.40          $412,333,408                  NO 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            22                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                   $11,936,907 Total Step 4 + Step 5    Does Licensee Pass:
                                                                                        $424,270,315                  NO Step 6:
Decom Period:
Real Rate of Return   Decom        Total Earnings for Total Earnings:                 per year        Period:           Decom:
          $424,270,315                    2.00%            7            $31,541,458 Total of Steps 4 thru 6:   Does Licensee Pass:   Shortfall:
                                                                                        $455,811,772                  YES              NO Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois                                                                                                                          Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011                                                                                                                                                      Formulas verified by: Clayton Pittiglio
 
Datasheet 2 ANNUITY Termination of Operations:                  5             25 2032 Real Rate      Total Year        Annuity:        of Return: Accumulation 2011         $433,800           2%       $662,749 2012         $433,800           2%       $649,754 2013         $433,800           2%       $637,013 2014         $433,800           2%       $624,523 2015         $433,800           2%       $612,277 2016         $433,800           2%       $600,272 2017         $433,800           2%       $588,502 2018         $433,800           2%       $576,963 2019         $433,800           2%       $565,650 2020         $433,800           2%       $554,559 2021         $433,800           2%       $543,685 2022         $433,800           2%       $533,024 2023         $433,800           2%       $522,573 2024         $433,800           2%       $512,326 2025         $433,800           2%       $502,281 2026         $433,800           2%       $492,432 2027         $433,800           2%       $482,777 2028         $433,800           2%       $473,310 2029         $433,800           2%       $464,030 2030         $433,800           2%       $454,931 2031         $433,800           2%       $446,011 2032         $433,800           2%       $437,266 Total:       $11,936,907 Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois                                    Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011                                                                Formulas verified by: Clayton Pittiglio
 
Datasheet 2 ANNUITY Termination of Operations:                      5           25 2032 If licensee is granted greater than 2% RRR Real Rate      Total Year          Annuity:      of Return: Accumulation 2011         $433,800          2.00%       $662,749 2012         $433,800          2.00%       $649,754 2013         $433,800          2.00%       $637,013 2014         $433,800          2.00%       $624,523 2015         $433,800          2.00%       $612,277 2016         $433,800          2.00%       $600,272 2017         $433,800          2.00%       $588,502 2018         $433,800          2.00%       $576,963 2019         $433,800          2.00%       $565,650 2020         $433,800          2.00%       $554,559 2021         $433,800          2.00%       $543,685 2022         $433,800          2.00%       $533,024 2023         $433,800          2.00%       $522,573 2024         $433,800          2.00%       $512,326 2025         $433,800          2.00%       $502,281 2026         $433,800          2.00%       $492,432 2027         $433,800          2.00%       $482,777 2028         $433,800          2.00%       $473,310 2029         $433,800          2.00%       $464,030 2030         $433,800          2.00%       $454,931 2031         $433,800          2.00%       $446,011 2032         $433,800          2.00%       $437,266 Total:       $11,936,907 Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois                                      Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011                                                                  Formulas verified by: Clayton Pittiglio}}

Latest revision as of 15:34, 12 November 2019

2010 DFS Report Analysis for Surry Power Station, Unit 1
ML112371917
Person / Time
Site: Surry Dominion icon.png
Issue date: 11/14/2011
From: Szabo A
Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112371917 (5)


Text

Datasheet 1 Plant name: Surry Power Station, Unit 1 Docket Number: 50-280 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $434,800,000 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:

Virginia Electric and Power 100.00% 1 $269,900,000 Company Total Trust Fund Balance $269,900,000 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 Real Rate Allowed through Decom Return on Escalation Rate Other Verified Needed Verified through Determined of Return (Y/N)

Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 2.00% N Y N 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)

Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Surry Power Station, Unit 1 Docket Number: 50-280 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 5 25 2032 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 2587 $97,765,600 112.8 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: $434,682,511 Site Specific:

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

Virginia Electric and Power 100.00% 1 $434,682,511 $269,900,000 Company Total Fund Balance: $269,900,000 Step 1:

Earnings Credit:

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

$269,900,000 2% 21.40 $412,333,408 NO Step 2:

Accumulation:

Value of Annuity per year Real Rate of Return Number of Annual (amount/See Annuity 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 $11,936,907 Total Step 1 + Step 2 Does Licensee Pass:

$424,270,315 NO Step 3:

Decom Period:

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

$424,270,315 2% 7 $31,541,458 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$455,811,772 YES NO Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Surry Power Station, Unit 1 Docket Number: 50-280 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 5 25 2032 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:

$269,900,000 2.00% 21.40 $412,333,408 NO 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 22 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 $11,936,907 Total Step 4 + Step 5 Does Licensee Pass:

$424,270,315 NO Step 6:

Decom Period:

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

$424,270,315 2.00% 7 $31,541,458 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$455,811,772 YES NO Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 5 25 2032 Real Rate Total Year Annuity: of Return: Accumulation 2011 $433,800 2% $662,749 2012 $433,800 2% $649,754 2013 $433,800 2% $637,013 2014 $433,800 2% $624,523 2015 $433,800 2% $612,277 2016 $433,800 2% $600,272 2017 $433,800 2% $588,502 2018 $433,800 2% $576,963 2019 $433,800 2% $565,650 2020 $433,800 2% $554,559 2021 $433,800 2% $543,685 2022 $433,800 2% $533,024 2023 $433,800 2% $522,573 2024 $433,800 2% $512,326 2025 $433,800 2% $502,281 2026 $433,800 2% $492,432 2027 $433,800 2% $482,777 2028 $433,800 2% $473,310 2029 $433,800 2% $464,030 2030 $433,800 2% $454,931 2031 $433,800 2% $446,011 2032 $433,800 2% $437,266 Total: $11,936,907 Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 5 25 2032 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $433,800 2.00% $662,749 2012 $433,800 2.00% $649,754 2013 $433,800 2.00% $637,013 2014 $433,800 2.00% $624,523 2015 $433,800 2.00% $612,277 2016 $433,800 2.00% $600,272 2017 $433,800 2.00% $588,502 2018 $433,800 2.00% $576,963 2019 $433,800 2.00% $565,650 2020 $433,800 2.00% $554,559 2021 $433,800 2.00% $543,685 2022 $433,800 2.00% $533,024 2023 $433,800 2.00% $522,573 2024 $433,800 2.00% $512,326 2025 $433,800 2.00% $502,281 2026 $433,800 2.00% $492,432 2027 $433,800 2.00% $482,777 2028 $433,800 2.00% $473,310 2029 $433,800 2.00% $464,030 2030 $433,800 2.00% $454,931 2031 $433,800 2.00% $446,011 2032 $433,800 2.00% $437,266 Total: $11,936,907 Signature: Michael Purdie/ Jo Ann Simpson Date: 06/20/2011 Secondary Review: Kosmas Lois Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/28/2011 Formulas verified by: Clayton Pittiglio