ML112370155

2010 DFS Report Analysis for North Anna Power Station, Unit 1

ML112370155
Person / Time
Site:	North Anna
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112370155 (5)

Text

Datasheet 1Signature: Jo Ann SimpsonDate: 07/12/2011 Secondary Signature: Kosmas Lois 7/26/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:89.26%110.74%1 3 4variable 1variable 1variable 1 N N Y N N Y 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7Plant name:North Anna Power Station, Unit 150-338RAI Needed (Y/N)PUC Verified (Y/N)$34,200,000NoneDocket 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)

Y$450,040,000The total amount of dollars accumulated at the end of the appropriate year: (see below)

Y 2Assumptions 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) 2Any 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$255,500,000Real Rate of ReturnPUC Verified (Y/N)Licensee:Amount in Trust Fund:Rates Determined (Y/N)Total Trust Fund Balance 2 ODEC has wholesale power contracts with 11 member distribution cooperatives. For NRC reference, ODEC has attached its Second Amended and Restated Wholesale Power Contract with A&N Electric Cooperative.

1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission NAny material changes to trust agreements? (Y/N)

NPost-RAIOld Dominion Electric CooperativeVirginia Electric and Power CompanyIf 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)$221,300,000 Datasheet 2Signature: Jo Ann SimpsonDate: 07/12/2011 Secondary Signature: Kosmas Lois 7/26/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 4PWR 2940$100,872,000112.81.980.652.231.676191.4114.23.049250.082.00.132.2530.2212.28% Owned:Category89.26%110.74%1 2%27.25See Annuity SheetSee Annuity Sheet 2%7$481,553,292 NOShortfall:

NODoes Licensee Pass:Does Licensee Pass:YESTotal of Steps 1 thru 3:See Annuity SheetNumber of Annual Payments:Accumulation:Step 2:Earnings Credit:$255,500,000Decom Period:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Fund Balance:$255,500,000Total Step 1 + Step 2$448,230,562$33,322,730Total 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 CompanyOld Dominion Electric Cooperative$48,168,266Total Annuity:Step 3:$34,200,000$221,300,000Amount in Trust Fund:$9,946,778Total Earnings:$438,283,784Real Rate of Return per year FxSite Specific:Total Step 2:Years Left in LicenseN/AReal Rate of Return per yearDoes Licensee Pass:

NOSee Total Step 2$448,230,562Years remaining after annuity Px50-338 131Termination of Operations:2038 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$400,325,829NRC Minimum:$448,494,095Trust Fund Balance:Step 1: Bx Ex LxECIBase LxBase Px2010Year:North Anna Power Station, Unit 1Docket Number:Date of Operation:Latest Month Fx Datasheet 2Signature: Jo Ann SimpsonDate: 07/12/2011 Secondary Signature: Kosmas Lois 7/26/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 450-338 131Termination of Operations:2038DayPlant name:2010Year:North Anna Power Station, Unit 1Docket Number:Date of Operation:OwnerVirginia Electric Power Company2.00%27.25Old Dominion3.36% See Annuity SheetSee Annuity Sheet2.00%7Does Licensee Pass:$221,300,000$463,807,639YES$34,200,000Value of Annuity per yearTotal Annuity:Number of Annual Payments:Step 5:If licensee is granted greater than 2% RRRYears Left in LicenseTrust Fund Balance:Total Earnings:YES$35,220,246Total Step 5Total of Steps 4 thru 6:$508,974,662Does Licensee Pass:Total Earnings:N/A 0$473,754,416See Annuity Sheet

$0Decom Period:Step 6:$473,754,416

$0Does Licensee Pass:Real Rate of Return per yearYESTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Total AnnuityReal Rate of Return Real Rate of Return per yearAccumulation:Shortfall:

NOReal Rate of Return per yearYears remaining after annuity$9,946,778Earnings Credit:Step 4:

Datasheet 2Signature: Jo Ann SimpsonDate: 07/12/2011Secondary Signature: Kosmas Lois 7/26/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 4 1 2038YearAnnuity: 2011$267,120 2%$458,231 2012$267,120 2%$449,246 2013$267,120 2%$440,438 2014$267,120 2%$431,801 2015$267,120 2%$423,335 2016$267,120 2%$415,034 2017$267,120 2%$406,896 2018$267,120 2%$398,918 2019$267,120 2%$391,096 2020$267,120 2%$383,427 2021$267,120 2%$375,909 2022$267,120 2%$368,538 2023$267,120 2%$361,312 2024$267,120 2%$354,228 2025$267,120 2%$347,282 2026$267,120 2%$340,473 2027$267,120 2%$333,797 2028$267,120 2%$327,252 2029$267,120 2%$320,835 2030$267,120 2%$314,544 2031$267,120 2%$308,376 2032$267,120 2%$302,330 2033$267,120 2%$296,402 2034$267,120 2%$290,590 2035$267,120 2%$284,892 2036$267,120 2%$279,306 2037$267,120 2%$273,829 2038$267,120 2%$268,460Total:$9,946,778ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:Dominion's Contributions Datasheet 2Signature: Jo Ann SimpsonDate: 07/12/2011Secondary Signature: Kosmas Lois 7/26/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 4 1 2038ANNUITYTermination of Operations:YearAnnuity: 2011$267,1202.00%$458,231 2012$267,1202.00%$449,246 2013$267,1202.00%$440,438 2014$267,1202.00%$431,801 2015$267,1202.00%$423,335 2016$267,1202.00%$415,034 2017$267,1202.00%$406,896 2018$267,1202.00%$398,918 2019$267,1202.00%$391,096 2020$267,1202.00%$383,427 2021$267,1202.00%$375,909 2022$267,1202.00%$368,538 2023$267,1202.00%$361,312 2024$267,1202.00%$354,228 2025$267,1202.00%$347,282 2026$267,1202.00%$340,473 2027$267,1202.00%$333,797 2028$267,1202.00%$327,252 2029$267,1202.00%$320,835 2030$267,1202.00%$314,544 2031$267,1202.00%$308,376 2032$267,1202.00%$302,330 2033$267,1202.00%$296,402 2034$267,1202.00%$290,590 2035$267,1202.00%$284,892 2036$267,1202.00%$279,306 2037$267,1202.00%$273,829 2038$267,1202.00%$268,460Total:$9,946,778If licensee is granted greater than 2% RRRReal Rate of Return:Total Accumulation