ML112351295

2010 DFS Report Analysis for Diablo Canyon Nuclear Power Plant, Unit 2

ML112351295
Person / Time
Site:	Diablo Canyon
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112351295 (7)

Text

Datasheet 1Signature: Michael Purdie and Jo Ann Simpson Date: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned:Category:100.00%1 3 4variable 2variable 2variable 2 N N Y Y N Y 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7$989,600,000 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 Real Rate of ReturnPUC Verified (Y/N)Plant name:Diablo Canyon Nuclear Power Plant, Unit 250-323RAI Needed (Y/N)PUC Verified (Y/N)ProvidedDocket 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 Rate YThe total amount of dollars accumulated at the end of the appropriate year: (see below)$580,300,000Allowed through Decom (Y/N)

Total Trust Fund BalancePost-RAI Rates Determined (Y/N)Amount in Trust Fund:$989,600,000Pacific Gas & ElectricLicensee: 2 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommissionAny 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 N 1 Licensee calculated MFA higher than NRC calculations. Justification, including factors used, were provided to NRC for review.

Datasheet 2Signature: Michael Purdie and Jo Ann SimpsonDate: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 8PWR 3411$105,000,000112.52.060.652.321.676191.4114.23.049250.082.00.132.2530.2212.28% Owned:Category100.00%1 2%14.65See Annuity SheetSee Annuity Sheet 2%7 Bx Ex LxECIBase LxBase Px2010Year:Diablo Canyon Nuclear Power Plant, Unit 2Docket Number:Date of Operation:Latest Month Fx$1,334,397,452Years remaining after annuity Px50-3232631Termination of Operations:2025 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$546,500,000NRC Minimum:$472,584,981Trust Fund Balance:Step 1: FxSite Specific:$546,500,000Total Step 2:

2Years Left in LicenseN/AReal Rate of Return per yearDoes Licensee Pass:YESSee Total Step 2$99,202,888Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthPacific Gas & ElectricTotal Annuity:Step 3:$989,600,000Amount in Trust Fund:$11,647,579Total Earnings:$1,322,749,873Real Rate of Return per yearTotal of Steps 1 thru 3:See Annuity SheetNumber of Annual Payments:Accumulation:Step 2:Earnings Credit:$989,600,000Decom Period:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Fund Balance:$989,600,000Total Step 1 + Step 2$1,334,397,452 NOShortfall:YESDoes Licensee Pass:Does Licensee Pass:YES$1,433,600,340 Datasheet 2Signature: Michael Purdie and Jo Ann SimpsonDate: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 82010Year:Diablo Canyon Nuclear Power Plant, Unit 2Docket Number:Date of Operation:50-3232631Termination of Operations:2025DayPlant name:See Step 4 Analysis Sheet14.65See Annuity SheetSee Annuity Sheet2.00%7Earnings Credit:Step 4:Shortfall:

NOReal Rate of Return per yearYears remaining after annuity$14,079,276Total AnnuityDoes Licensee Pass:Trust Fund Balance:Years Left in LicenseYES$135,278,377Total Step 5Total of Steps 4 thru 6:$1,954,934,289Does Licensee Pass:Total Earnings:N/A 2$1,819,655,912See Annuity SheetSee Total Step 4Decom Period:Step 6:$1,819,655,912See Total Step 4Does Licensee Pass:Real Rate of Return per yearYESTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Real Rate of Return per yearAccumulation:Value of Annuity per year$989,600,000Total Annuity:Number of Annual Payments:Step 5:Real Rate of Return per yearTotal Earnings:$1,805,576,637YESIf licensee is granted greater than 2% RRR Datasheet 2Signature: Michael Purdie and Jo Ann SimpsonDate: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 8 26 2025YearAnnuity: 2011$4,400,000 2%$5,881,451 2012$4,400,000 2%$5,766,128Total:$11,647,579ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:

Datasheet 2Signature: Michael Purdie and Jo Ann SimpsonDate: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 8 26 2025ANNUITYTermination of Operations:Year 2011$4,400,0004.96%$4,618,240 2012$9,018,2404.91%$9,461,036Total:$14,079,276If licensee is granted greater than 2% RRRReal Rate of Return:End of year contributionsBeginning year contributions Signature: Michael Purdie and Jo Ann SimpsonDate: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011 2010$989,600,000Variable11/2/202414.65$583,900,000 2011$989,600,000

$04.96%2012$1,038,684,160

$04.91%2013$1,089,683,552

$04.88%2014$1,142,860,110

$04.85%2015$1,198,288,825

$04.82%2016$1,256,046,346

$04.80%2017$1,316,336,571

$04.78%2018$1,379,257,459

$04.77%2019$1,445,048,040

$04.75%2020$1,513,687,822

$04.37%2021$1,579,835,979

$04.01%2022$1,643,187,402

$03.67%2023$1,703,492,380

$03.35%2024$1,760,559,375

$03.05%Years left in license:Step 4 AnalysisDFS Report Year:Current Amount Reported in DTF:RRR Applied During Operation:License Termination:$1,316,336,571Site-specific cost-estimate:YearAmount in Trust Fund at Beginning of Year(Expenses)Real Rate of ReturnProjected Year-End Trust Fund Amount$1,038,684,160$1,089,683,552$1,142,860,110$1,198,288,825$1,256,046,346$1,760,559,375$1,805,576,637$1,379,257,459$1,445,048,040$1,513,687,822$1,579,835,979$1,643,187,402$1,703,492,380 Signature: Michael Purdie and Jo Ann SimpsonDate: 07/12/2011 Secondary Review: Kosmas Lois 7/25/2011 8 26 20252.00%PlantSpent Fuel 2025$1,805,576,637$41,900,000N/A2.00%$1,799,369,170 2026$1,799,369,170$164,100,000N/A2.00%$1,669,615,553 2027$1,669,615,553$384,200,000N/A2.00%$1,314,965,864 2028$1,314,965,864$367,200,000N/A2.00%$970,393,181 2029$970,393,181$222,600,000N/A2.00%$764,975,045 2030$764,975,045$168,200,000N/A2.00%$610,392,546 2031$610,392,546$51,800,000N/A2.00%$592,144,327Operations Termination Date:Real Rate of ReturnEnd of Year Trust Fund BalanceEnd of Operations Balance:$1,805,576,637Real Rate of Return:YearBeginning Trust Fund BalanceExpense Per YearPost-Shutdown PeriodDECON ANALYSISName of Unit:Diablo Canyon, Unit 2Name of Licensee:Pacific Gas & Electric