ML112371918

2010 DFS Report Analysis for Susquehanna Steam Electric Station, Unit 2

ML112371918
Person / Time
Site:	Susquehanna
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112371918 (5)

Text

Datasheet 1Signature: Michael Purdie and JoAnn SimpsonDate: 06/24/2011 Secondary Review: Kosmas Lois 6/29/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:90.00%210.00%1 3 42.00%2.00%N Y N 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7 1 Per PPL, the previous report credited collections and utilized inflation and earnings rates based on an order entered by the Pennsylvania PUC on 9/27/1995 at Docket No. R-00943271. The annual collections permitted under this order ceased at the end of 2009. In addition, the previous report provided an analysis crediting earnings through a SAFSTOR period, which is no longer necessary as the current funding is sufficient for immediate DECON.Per AEC, they have all required contracts in place from the 14 cooperatives that fund the trust fund.Plant name:Susquehanna Steam Electric Station, Unit 2Rates Determined (Y/N)Rate(s) of Other Factors$349,379,109 50-388RAI Needed (Y/N)PUC Verified (Y/N)$23,812,636providedDocket 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 RateIf 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)Amount in Trust Fund:Allegheny Electric CooperativePPL Susquehanna, LLC Y$628,425,000The 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)Real Rate of ReturnPUC Verified (Y/N)Allowed through Decom (Y/N)Licensee:$325,566,473 NAny material changes to trust agreements? (Y/N)

Y 1Post-RAITotal Trust Fund Balance Datasheet 2Signature: Michael Purdie and JoAnn SimpsonDate: 06/24/2011 Secondary Review: Kosmas Lois 6/29/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 3BWR 3952$135,000,000113.62.160.652.451.676191.4114.23.049250.082.00.132.3070.2212.54% Owned:Category90.00%210.00%1 2%33.23See Annuity SheetSee Annuity Sheet 2%7$848,112,155 NOShortfall:YESDoes Licensee Pass:Does Licensee Pass:YESTotal of Steps 1 thru 3:see annuity sheetNumber of Annual Payments:Accumulation:Step 2:Earnings Credit:$349,379,109Decom Period:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Fund Balance:$349,379,109Total Step 1 + Step 2$789,424,128$58,688,027Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthPPL Susquehanna, LLCAllegheny Electric Cooperative$62,825,176Total Annuity:Step 3:$23,812,636$325,566,473Amount in Trust Fund:$114,796,463Total Earnings:$674,627,666Real Rate of Return per year FxSite Specific:Total Step 2:Years Left in LicenseN/AReal Rate of Return per yearDoes Licensee Pass:YESSee Total Step 2$789,424,128Years remaining after annuity Px50-3882331Termination of Operations:2044 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$565,426,587NRC Minimum:$628,251,763Trust Fund Balance:Step 1: Bx Ex LxECIBase LxBase Px2010Year:Susquehanna Steam Electric Station, Unit 2Docket Number:Date of Operation:Latest Month Fx Datasheet 2Signature: Michael Purdie and JoAnn SimpsonDate: 06/24/2011 Secondary Review: Kosmas Lois 6/29/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 350-3882331Termination of Operations:2044DayPlant name:2010Year:Susquehanna Steam Electric Station, Unit 2Docket Number:Date of Operation:2.00%33.23See Annuity SheetSee Annuity Sheet2.00%7Real Rate of Return per yearAccumulation:Value of Annuity per year$349,379,109Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$674,627,666YESIf licensee is granted greater than 2% RRRYES$58,688,027Total Step 5Total of Steps 4 thru 6:$848,112,155Does Licensee Pass:Total Earnings:N/A 0$789,424,128see annuity sheetSee Total Step 4Decom Period:Step 6:$789,424,128See 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$114,796,463Earnings Credit:Step 4:

Datasheet 2Signature: Michael Purdie and JoAnn SimpsonDate: 06/24/2011 Signature: Kosmas LoisDate: 6/29/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 3 23 2044YearAnnuity: 2011$1,297,000 2%$2,504,499 2012$1,348,880 2%$2,553,607 2013$1,402,835 2%$2,603,678 2014$1,458,949 2%$2,654,731 2015$1,571,307 2%$2,803,118 2016$1,577,999 2%$2,759,859 2017$1,641,119 2%$2,813,973 2018$1,706,764 2%$2,869,150 2019$1,775,034 2%$2,925,407 2020$1,846,035 2%$2,982,767 2021$1,919,877 2%$3,041,254 2022$1,996,672 2%$3,100,886 2023$2,076,539 2%$3,161,688 2024$2,159,600 2%$3,223,681 2025$2,245,984 2%$3,286,890 2026$2,335,824 2%$3,351,340 2027$2,429,257 2%$3,417,053 2028$2,526,427 2%$3,484,053 2029$2,627,484 2%$3,552,368 2030$2,732,583 2%$3,622,022 2031$2,841,887 2%$3,693,043 2032$2,955,562 2%$3,765,455 2033$3,073,785 2%$3,839,288 2034$3,196,736 2%$3,914,567 2035$3,324,606 2%$3,991,324 2036$3,457,590 2%$4,069,585 2037$3,595,893 2%$4,149,380 2038$3,739,729 2%$4,230,741 2039$3,889,318 2%$4,313,697 2040$4,044,891 2%$4,398,279 2041$4,206,687 2%$4,484,520 2042$4,374,954 2%$4,572,452 2043$4,549,952 2%$4,662,107 2044 2%$0Total:$114,796,463ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:

Datasheet 2Signature: Michael Purdie and JoAnn SimpsonDate: 06/24/2011 Signature: Kosmas LoisDate: 6/29/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 3 23 2044ANNUITYTermination of Operations:YearAnnuity: 2011$1,297,0002.00%$2,504,499 2012$1,348,8802.00%$2,553,607 2013$1,402,8352.00%$2,603,678 2014$1,458,9492.00%$2,654,731 2015$1,571,3072.00%$2,803,118 2016$1,577,9992.00%$2,759,859 2017$1,641,1192.00%$2,813,973 2018$1,706,7642.00%$2,869,150 2019$1,775,0342.00%$2,925,407 2020$1,846,0352.00%$2,982,767 2021$1,919,8772.00%$3,041,254 2022$1,996,6722.00%$3,100,886 2023$2,076,5392.00%$3,161,688 2024$2,159,6002.00%$3,223,681 2025$2,245,9842.00%$3,286,890 2026$2,335,8242.00%$3,351,340 2027$2,429,2572.00%$3,417,053 2028$2,526,4272.00%$3,484,053 2029$2,627,4842.00%$3,552,368 2030$2,732,5832.00%$3,622,022 2031$2,841,8872.00%$3,693,043 2032$2,955,5622.00%$3,765,455 2033$3,073,7852.00%$3,839,288 2034$3,196,7362.00%$3,914,567 2035$3,324,6062.00%$3,991,324 2036$3,457,5902.00%$4,069,585 2037$3,595,8932.00%$4,149,380 2038$3,739,7292.00%$4,230,741 2039$3,889,3182.00%$4,313,697 2040$4,044,8912.00%$4,398,279 2041$4,206,6872.00%$4,484,520 2042$4,374,9542.00%$4,572,452 2043$4,549,9522.00%$4,662,107 2044$02.00%$0Total:$114,796,463If licensee is granted greater than 2% RRRReal Rate of Return:Total Accumulation