ML112371832

2010 DFS Report Analysis for Salem Nuclear Generating Station, Unit 1

ML112371832
Person / Time
Site:	Salem
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112371832 (5)

Text

Datasheet 1Signature: Shawn Harwell Date: 8/5/2011 Signature: Aaron L. Szabo

Date: 8/16/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:42.59%157.41%1 3 4variable 2variable 2 Y N N 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 1 Licensee calculated MFA higher than NRC calculations. Justification, including factors used, were provided to NRC for review. No further review required.

Total Trust Fund Balance 3 EGC- financial assurance provided by external sinking fund method coupled with an external trust fund;PSEG - prepayment method. No further review required.PSEG Exelon Generation Company, LLCIf 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) 2 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommissionAmount in Trust Fund:

NAny material changes to trust agreements? (Y/N)

Y 3Post-RAI Rates Determined (Y/N)$155,915,933The 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$409,630,000 Real Rate of Return PUC Verified (Y/N)Licensee:$157,676,000Plant name:Salem Nuclear Generating Station, Unit 150-272RAI Needed (Y/N)PUC Verified (Y/N)$251,954,000providedDocket 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):

1 Escalation RateAllowed through Decom (Y/N)

Y Datasheet 2Signature: Shawn HarwellDate: 8/5/2011Signature: Aaron L. Szabo Date: 8/16/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 8PWR 3459$105,000,000113.62.160.652.451.676191.4114.23.049250.082.00.132.2530.2212.28% Owned:Category42.59%157.41%1 2%5.62See Annuity SheetSee Annuity Sheet 2%7 Bx Ex LxECIBase LxBase Px2010Year:Salem Nuclear Generating Station, Unit 1Docket Number:Date of Operation:Latest Month Fx50-2721331Termination of Operations:2016 1986$DayBase FxPlant name:

PxLatest Month PxAmount of NRC Minimum/Site Specific:Step 3:$26,013,511Does Licensee Pass:

NOSee Total Step 2$483,841,083Years remaining after annuityValue of Annuity per year (amount/See Annuity Sheet)Trust Fund Balance:Step 1:Total Earnings:Total Fund Balance:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Step 2:

0$519,811,200BWR/PWRMWthExelon Generation Company, LLCPSEG$276,650,021Total Annuity:$251,954,000$157,676,000Amount in Trust Fund:Total Earnings:$457,827,572Real Rate of Return per year FxSite Specific:Number of Annual Payments:Accumulation:Step 2:Earnings Credit:$409,630,000Licensee:$205,234,705NRC Minimum:$481,884,726$409,630,000Total Step 1 + Step 2$483,841,083Years Left in LicenseN/AReal Rate of Return per yearReal Rate of Return per yearTotal of Steps 1 thru 3:see annuity sheetDecom Period:

NOShortfall:YESDoes Licensee Pass:Does Licensee Pass:YES$35,970,117Total Earnings for Decom:Decom Period:

Datasheet 2Signature: Shawn HarwellDate: 8/5/2011Signature: Aaron L. Szabo Date: 8/16/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 82010Year:Salem Nuclear Generating Station, Unit 1Docket Number:Date of Operation:50-2721331Termination of Operations:2016DayPlant name:3.00%5.622.00%See Annuity SheetSee Annuity Sheet2.00%7Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return Total Earnings:Shortfall:

NOReal Rate of Return per yearIf licensee is granted greater than 2% RRRYears remaining after annuityTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:$467,755,116YES$36,778,625Total Step 5Total of Steps 4 thru 6:$531,495,097Does Licensee Pass:Total Earnings:N/A 0$494,716,473see annuity sheetSee Total Step 4Decom Period:Step 6:$494,716,473See Total Step 4Does Licensee Pass:Real Rate of Return per year$26,961,357 NOYESEarnings Credit:Step 4:Licensee:Exelon Generation CoPSEG$251,954,000Real Rate of Return per yearAccumulation:Value of Annuity per year$157,676,000 Datasheet 2Signature: Shawn HarwellDate: 8/5/2011 Signature: Aaron L. SzaboDate: 8/16/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 8 13 2016YearAnnuity: 2011$4,841,000 2%$5,410,769 2012$4,841,000 2%$5,304,676 2013$4,841,000 2%$5,200,663 2014$4,841,000 2%$5,098,689 2015$4,841,000 2%$4,998,714 2016 2%$0Total:$26,013,511ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:

Datasheet 2Signature: Shawn HarwellDate: 8/5/2011 Signature: Aaron L. SzaboDate: 8/16/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 8 13 2016ANNUITYTermination of Operations:YearAnnuity: 2011$4,841,0003.00%$5,715,665 2012$4,841,0003.00%$5,549,190 2013$4,841,0003.00%$5,387,563 2014$4,841,0003.00%$5,230,644 2015$4,841,0003.00%$5,078,295 2016$03.00%$0Total:$26,961,357If licensee is granted greater than 2% RRRReal Rate of Return:Total Accumulation