ML112351256

2010 DFS Report Analysis for Catawba Nuclear Station, Unit 1

ML112351256
Person / Time
Site:	Catawba
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112351256 (5)

Text

Datasheet 1Signature: Michael Purdie/JoAnn SimpsonDate: 07/20/2011Signature: Aaron L. SzaboDate: 8/18/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:37.50%130.754%119.246%112.50%1 3 4variable 1variable 1variable 1 N N Y N Y Y 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 Plant name:Catawba Nuclear Station, Unit 150-413RAI Needed (Y/N)PUC Verified (Y/N)$67,484,121ProvidedDocket 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)Duke Energy Carolinas, LLCPiedmont Municipal Power Agency Y$466,987,774The 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$282,156,578Real Rate of ReturnPUC Verified (Y/N)$57,872,625Total Trust Fund Balance 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission.North Carolina Electric Membership CorporationNorth Carolina Municipal Power Agency 1Licensee:$129,035,874Amount in Trust Fund:

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)

N$27,763,958Post-RAIRates Determined (Y/N)

Datasheet 2Signature: Michael Purdie/JoAnn SimpsonDate: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:1212PWR 3411$105,000,000112.81.980.652.231.676191.4114.23.049250.082.00.132.2530.2212.28% Owned:Category37.50%130.75%119.25%112.50%1 2%32.93See Annuity SheetSee Annuity Sheet 2%7$794,679,014 NOShortfall:YESDoes Licensee Pass:Does Licensee Pass:YESTotal of Steps 1 thru 3:See Annuity SheetNumber of Annual Payments:Accumulation:Step 2:Earnings Credit:$282,156,578Decom Period:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Fund Balance:$282,156,578Total Step 1 + Step 2$739,688,476$54,990,537Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthNorth Carolina Municipal Power Agency 1North Carolina Electric Membership CorporationDuke Energy Carolinas, LLC$89,849,544$143,574,399Total Annuity:Step 3:$67,484,121$129,035,874Amount in Trust Fund:$198,082,768Total Earnings:$541,605,708Real Rate of Return per year FxSite Specific:Total Step 2:$58,355,986Years Left in LicenseN/A$27,763,958Real Rate of Return per yearDoes Licensee Pass:YES$57,872,625See Total Step 2$739,688,476Years remaining after annuity Px50-413 531Termination of Operations:2043 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$175,067,957NRC Minimum:$466,847,886Piedmont Municipal Power AgencyTrust Fund Balance:Step 1: Bx Ex LxECIBase LxBase Px2010Year:Catawba Nuclear Station, Unit 1Docket Number:Date of Operation:Latest Month Fx Datasheet 2Signature: Michael Purdie/JoAnn SimpsonDate: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:121250-413 531Termination of Operations:2043DayPlant name:2010Year:Catawba Nuclear Station, Unit 1Docket Number:Date of Operation:2.00%32.93 See Annuity SheetSee Annuity Sheet2.00%7Real Rate of Return per yearAccumulation:Value of Annuity per year$282,156,578Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$541,605,708YESIf licensee is granted greater than 2% RRRYES$54,990,537Total Step 5Total of Steps 4 thru 6:$794,679,013Does Licensee Pass:Total Earnings:N/A 0$739,688,476See Annuity SheetSee Total Step 4Decom Period:Step 6:$739,688,476See Total Step 4Does Licensee Pass:Real Rate of Return per yearYESTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in LicenseShortfall:

NOReal Rate of Return per yearYears remaining after annuity$198,082,768Earnings Credit:Step 4:

Datasheet 2Signature: Michael Purdie/JoAnn SimpsonDate: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 12 5 2043YearAnnuity: 2011$3,984,023 2%$7,647,661 2012$3,984,023 2%$7,497,707 2013$3,984,023 2%$7,350,693 2014$3,984,023 2%$7,206,562 2015$3,984,023 2%$7,065,257 2016$3,984,023 2%$6,926,722 2017$3,984,023 2%$6,790,904 2018$3,984,023 2%$6,657,749 2019$3,984,023 2%$6,527,205 2020$3,984,023 2%$6,399,221 2021$3,984,023 2%$6,273,746 2022$3,984,023 2%$6,150,731 2023$3,984,023 2%$6,030,129 2024$3,984,023 2%$5,911,891 2025$3,984,023 2%$5,795,971 2026$3,984,023 2%$5,682,325 2027$3,984,023 2%$5,570,907 2028$3,984,023 2%$5,461,673 2029$3,984,023 2%$5,354,582 2030$3,984,023 2%$5,249,590 2031$3,984,023 2%$5,146,657 2032$3,984,023 2%$5,045,742 2033$3,546,523 2%$4,403,579 2034$21,347,947 2%$25,987,169 2035$3,546,523 2%$4,232,583 2036$3,546,523 2%$4,149,591 2037$3,546,523 2%$4,068,226 2038$3,546,523 2%$3,988,457 2039$2,548,582 2%$2,809,963 2040$2,548,582 2%$2,754,866 2041$2,548,582 2%$2,700,849 2042$2,548,582 2%$2,647,891 2043$2,548,582 2%$2,595,971 Total:$198,082,768ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:

Datasheet 2Signature: Michael Purdie/JoAnn SimpsonDate: 07/20/2011 Signature: Aaron L. Szabo Date: 8/18/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 12 5 2043ANNUITYTermination of Operations:YearAnnuity: 2011$3,984,0232.00%$7,647,661 2012$3,984,0232.00%$7,497,707 2013$3,984,0232.00%$7,350,693 2014$3,984,0232.00%$7,206,562 2015$3,984,0232.00%$7,065,257 2016$3,984,0232.00%$6,926,722 2017$3,984,0232.00%$6,790,904 2018$3,984,0232.00%$6,657,749 2019$3,984,0232.00%$6,527,205 2020$3,984,0232.00%$6,399,221 2021$3,984,0232.00%$6,273,746 2022$3,984,0232.00%$6,150,731 2023$3,984,0232.00%$6,030,129 2024$3,984,0232.00%$5,911,891 2025$3,984,0232.00%$5,795,971 2026$3,984,0232.00%$5,682,325 2027$3,984,0232.00%$5,570,907 2028$3,984,0232.00%$5,461,673 2029$3,984,0232.00%$5,354,582 2030$3,984,0232.00%$5,249,590 2031$3,984,0232.00%$5,146,657 2032$3,984,0232.00%$5,045,742 2033$3,546,5232.00%$4,403,579 2034$21,347,9472.00%$25,987,169 2035$3,546,5232.00%$4,232,583 2036$3,546,5232.00%$4,149,591 2037$3,546,5232.00%$4,068,226 2038$3,546,5232.00%$3,988,457 2039$2,548,5822.00%$2,809,963 2040$2,548,5822.00%$2,754,866 2041$2,548,5822.00%$2,700,849 2042$2,548,5822.00%$2,647,891 2043$2,548,5822.00%$2,595,971Total:$198,082,768 If licensee is granted greater than 2% RRRReal Rate of Return:Total Accumulation