SBK-L-07047, Decommissioning Funding Status Report

Decommissioning Funding Status Report

ML070860265
Person / Time
Site:	Seabrook
Issue date:	03/21/2007
From:	St.Pierre G Florida Power & Light Energy Seabrook
To:	Document Control Desk, NRC/NRR/ADRO
References
SBK-L-07047
Download: ML070860265 (23)

Text

FPL NneF Seabrook Station FPL Energy Seabrook Station P.O. Box 300 Seabrook, NH 03874 (603) 773-7000 March 21, 2007 Docket No. 50-443 SBK-L-07047 U.S. Nuclear Regulatory Commission Attention:

Document Control Desk Washington, D.C. 20555-0001 Seabrook Station, Unit No. 1 Decommissioning Funding Status Renort FPL Energy Seabrook, LLC as the majority owner and agent for the Joint Owners of Seabrook Station Unit No. 1, provides as Enclosure (1) a decommissioning funding status report.Using the methodology in NUREG-1307, Report on Waste Burial Charges, Revision 12, the minimum amount required by 10 CFR 50.75 to decommission Seabrook Station Unit 1 is$378.55 million (2006 dollars)1.Enclosure (2) details the calculation of the NRC minimum amount for decommissioning.

Enclosure (3) details balances of the decommissioning trust funds for all of the Seabrook Unit 1 Joint Owners 2 as of December 31, 2006. Enclosure (4) provides the decommissioning cost projections prepared by Prime, Buchholz & Associates, Inc. including the level of funding contributions currently ordered by the State of New Hampshire Nuclear Decommissioning Finance Committee (NDFC) in Docket 2005-01 for each the Joint Owners of Seabrook Unit 1.' Calculated forBureau of Labor Statistics data at the end of 2005. This includes preliminary data for September through December 2005.2 Current Seabrook Station Unit I Ownership:

FPLE Seabrook 88.2289 %, Massachusetts Municipal Wholesale Electric Company 11.59340 %, Tauton Municipal Lighting Plant 0.10034 %, Hudson Light & Power Department 0.07737 %.an FPL Group company U. S. Nuclear Regulatory Commission SBK-L-07047

/ Page 2 FPL Energy Seabrook, LLC has taken into consideration the information provided in NRC Regulatory Information Summary 2001-07 "10CFR50.75(f)(1)

Reports on the Status of Decommissioning" (February 23, 2001), and has elected not to include the costs of non NRC-defined decommissioning activities in the attached reports.Should you have any questions regarding this letter, please contact Mr. James M. Peschel, Regulatory Programs Manager at (603) 773-7194.Very truly yours, FPL Energy Seabrook, LLC Gene St. Pierre Site Vice President cc: S. J. Collins, NRC Region I Administrator G. E. Miller, NRC Project Manager G. T. Dentel, NRC Resident Inspector ENCLOSURE 1 TO SBK-L-07047 ENCLOSURE 1 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c): Using the methodology in NUREG-1307, Revision 12, the minimum amount required by 10 CFR 50.75 to decommission Seabrook Station Unit 1 is $378.55 million in 2006 dollars.(See Enclosure 2 for calculation.)

2. The total amount accumulated in the decommissioning fund as of the end of 2006: The decommissioning fund balance as of December 31, 2006 is $378.25 million 2.(See Enclosure 3)3. The schedule of the annual amounts remaining to be collected:

$321.47 million remains to be collected based upon a site-specific cost estimate of$699.72 million (2006 dollars).

This value is -45.9% of the $699.72 million total site-specific estimate for decommissioning to a Commercial/Industrial Use Standard as required by the State of New Hampshire Nuclear Decommissioning Financing Committee (NDFC)', Docket 2006-1, Order No. 2 dated December 29, 2006.Enclosure 42 provides the funding schedule to complete funding in 2026'. This attachment provides the overall composite funding schedule and related information and provides the corresponding information applicable to each of the Seabrook Joint Owners.The NDFC was established under New Hampshire law ( to provide assurance of adequate funding of nuclear generating facilities) "to ensure proper and safe decommissioning and subsequent surveillance of nuclear reactor sites to the extent necessary to prevent such sites from constituting a hazard to future generations." RSA 162-F: 1.This Committee is responsible for determining the appropriate amount of money that needs to be set aside and maintained in a trust fund, and periodically updated, for the purpose of decommissioning any nuclear facilities located in the state of New Hampshire.

2 Enclosure 4 was developed based on the Decommissioning Trust and funding assurance escrow balances as of November 30, 2006, plus the December contribution to the funding assurance escrow, plus estimated earnings for December on both the Decommissioning Trust and funding assurance escrow balances, minus the estimated expenses applicable to both for the purpose of developing a fund schedule for 2007 as ordered by the NDFC.3 The NRC issued Amendment 105 to the Seabrook Station Facility Operating License (NPF-86) on December 28, 2005, which extended the expiration date of the operating license 3.4 years to March 15, 2030. The New Hampshire NDFC had not endorsed the license extension as it pertains to decommissioning funding as of 12/31/2006.

4. The assumptions used regarding rates of escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:

Enclosure 4 details earnings by fund and owner, and general inflation determined by Prime Buchholz & Associates Inc. and approved by the State Treasurer for the State of New Hampshire.

Decommissioning costs are assumed to escalate at 4.50% per year and core inflation rates are assumed to escalate at 3.00% per year.5. Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

There are no such contracts for Seabrook Station.6. Modifications to a licensee's current method of providing financial assurance occurring since the last submitted report.There have been no modifications to the method of providing financial assurance occurring since the last submitted report. The current approved cost estimate and funding schedule as required by the New Hampshire NDFC is contained in Docket 2006-1 which endorses the Prime Buchholz & Associates Inc. funding schedule shown in Enclosure 4.7. Material changes to trust agreements.

The Master Trust Agreement was amended and restated on December 29, 2005 to include a change of the trustee and to make other minor changes. The Amended Seabrook Nuclear Decommissioning Financing Fund Master Trust Agreement was provided to the NRC by letter dated November 15, 2005. In August of 2006, the Investment Guidelines that make up Exhibit B of the Seabrook trust agreement were revised; the changes were deemed not of substance and did not require NRC notification.

ENCLOSURE 2 To SBK-L-07047 SEABROOK STATION NRC Minimum Decommissioning Cost Determination NRC Minimum = $105 million X (0.65L + 0.13E + 0.22B)Where:$105 million is value for reference PWR' in 1986 dollars L = Labor escalation factor to current year2 E = Energy escalation factor to current year3 B = LLRW escalation factor to current year4# Item Description Value 1 Labor escalation factor for Quarter 4, 2006 2 103.3 2 Base adjustment factor from NUREG-1307 1 2.16 3 Escalation factor from NUREG-1307 100 4 L = #1 times #2 divided by #3 2.231 5 Electric power escalation factor, 2006 5 167.6 6 Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7 Fuel escalation factor for 2006 6 201.4 8 Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9 P = #5 divided by #6 1.468 10 F = #7 divided by #8 2.456 11 E = 0.58P(#9)

+ 0.42F(#10) per NUREG-1307 1.883 12 Value of B from Table 2.1 ofNNUREG-1307 4 8.683 13 0.65L(#4)

+ 0.13E(#11)

+ 0.22B(#12) 3.366 14 1986 minimum-millions of dollars for PWR 105 15 2006 minimum-millions of dollars: #13 times #14 378.55'NUREG 1307, Rev 12, Table 3.2 2 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002101 (Northeast Region).3 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).4 NUREG 1307 provides a value for B in Table 2.1 In the February 2007 revision (Rev. 12) of the NUREG the value is 8.683 for Barnwell, Non Atlantic Compact assuming the application of waste vendor services to reduce burial volumes. No value is provided for Envirocare.

December 2006 value is 167.6. (See note #3) Information was preliminary as of 03/05/07 6 December 2006 value for 2005 is 201.4 (See note #3) Information was preliminary as of 03/05/07 ENCLOSURE 3 to SBK-L-07047 CA8 I WW Ua I -- I1E E1'ALW, I --Funding Model Investment Allocation and Pre-Tax Performance Assumptions Contribution to Sub-Fund Return Assumption Investors% of Sub-Fund Return Assumption 6.00%Fund 1A Tax-Sensitive Fixed Income Fund 1B*All Cap Non-U.S. Equity Fund 1C Cash & Equivalents Fund 2 Taxable Fixed Income Fund 3 Tax-Exempt Fixed Income Fund 4 Cash & Equivalents Fund 5*Large Cap Domestic Equity Mid/Small Cap Domestic Equity Total Fund 5 Fund 6**Large Cap Domestic Equity Mid/Small Cap Domestic Equity Non-U.S. Equity Total Fund 6 FPLE FPLE FPLE Municipal Owners FPLE All Owners 10.00%3.50%6.00%4.80%3.50%9.50%10.25%9.50%10.25%10.00%FPLE FPLE 71.70%28.30%70.00%20.00%10,00%6.81%2.90%9.71%6.65%2.05%1.00%9,70%Municipal Owners Municipal Owners Municipal Owners*Funding Model assumes a 9.5% retun assumption for Funds 1 B and 5 for 2007 and 2008. As directed in the Final Report and Order in NDFC Docket 2006-1, the cumulative earnings assumption for the sum of all FPLE Seabrook equity investments reflected in funds 1B and 5 beginning on January 1, 2009 is 9.8%.**Funding Model assumes a 9.5% return assumption for Fund 6 in perpetuity pending NDFC approval of the revised assumption rate.Prime, Buchholz & Associates, Inc.

L--, -, ,, -ý -,-, eet *i-, -,, Z-7 -,*tv -ýDecember 31, 2006 Balance Projections 11/30/06 Balance 12/31/06 Contributions Net Transfers Earnings Expenses Balance Fund 1A Fund 1B Fund 2 Fund 3 Fund 5 Fund 6 Total Fund without Escrow 120,669,522 19,842,038 16,562,150 8,745,834 197,362,891 12,654,622 375,837,056 7,385,499 383,222,555 0 0 0 0 0 0 0-10,500,000 10,500,000 0 0 0 0 0 0 0 550,848 240,208 82,811 34,983 1,562,456 100,182 2,571,488 24,878 2,596,367 45,904 12,643 6,901 3,644 82,235 5,273 156,599 1,777 158,376 110,674,466 30,569,603 16,638,060 8,777,173 198,843,113 12,749,532 378,251,946 8,552,844 386,804,789 Escrow 1,144,243 1,144,243 Total Fund Prime, Buchholz & Associates, Inc.

ENCLOSURE 4 to SBK-L-07047 SEABROOK STATION DECOMMISSIONING COST PROJECTIONS Summary Page for Totals of All Owners Year End 12/31 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 Contributions Contributions IContributions Fees/Expenses IAnnual Earnings Escrow ITotal (w/o escrow) I Total I Total Total 1,086,568 945,458 2,092,987 2,155,777 2,220,450 2,287,064 2,355,676 2,426,346 2,499,136 2,574,110 2,651,334 2,730,874 2,812,800 2,897,184 2,984,099 3,073,622 3,165,831 3,260,806 3,358,630 3,459,389 2,078,516 2,032,026 2,092,987 2,155,777 2,220,450 2,287,064 2,355,676 2,426,346 2,499,136 2,574,110 2,651,334 2,730,874 2,812,800 2,897,184 2,984,099 3,073,622 3,165,831 3,260,806 3,358,630 3,459,389 2,078,516 2,553,554 2,740,531 2,907,836 3,215,041 3,416,122 3,632,150 3,862,877 4,109,361 4,372,728 4,654,183 4,955,022 5,276,637 5,620,520 5,988,273 6,381,620 6,802,410 7,252,289 7,652,534 8,036,969 35,889,035 182,060,090 344,176,241 304,559,646 175,204,645 182,278,450 240,435,459 166,919,891 85,149,126 75,176,472 22,073,125 22,823,928 23,743,904 24,699,809 25,759,508 26,725,292 27,797,859 28,163,503 29,770,294 153,245,347 33,733,229 31,010,413 33,301,592 36,484,783 39,408,808 42,561,525 45,961,369 49,627,638 53,581, 152 57,844,366 62,441,494 67,398,668 72,742,948 78,505,568 84,719,286 91,419,416 98,687,427 99,888,619 100,184,731 99,498,835 96,787,030 87,797,361 76,753,721 59,233,130 53,526,295 46,392,911 27,624,675 19,721,562 21,186,217 17,847,512 16,208,880 15,853,298 15,429,145 14,927,527 14,339,931 13,661,599 12,886,597 7,413,246 6,654,724 3,513,358 526,119 Balances Total 42,530,884 53,384,234 71,614,816 93,493,646 126,191,770 146,570,727 165,026,096 246,669,175 294,793,301 321,929,971 339,488,214 378,251,946 407,654,264 440,308,312 476,041,036 514,455,252 555,887,719 600,572,613 648,763,721 700,734,648 756,780,396 817,219,041 882,393,560 952,672,671 1,028,454,903 1,110,170,015 1,198,281,434 1,293,332,282 1,369,229,418 1,485,120,245 1,580,041,500 1,643,018,011 1,548,735,282 1,281,312,763 1,035,986,247 914,307,898 778,422,358 565,611,574 418,413,245 354,450,335 297,121,375 291,257,130 284,286,500 275,971,741 266,199,459 254,779,881 241,716,188 226,804,926 206,054,669 182,939,099 33,207,109 (0)TLG Estimate 699,720,360 731,207,776 764,112,126 798,497,171 834,429,544 871,978,874 911,217,923 952,222,730 995,072,752 1,039,851,026 1,088,644,322 1,135,543,317 1,186,642,766 1,240,041,691 1,295,843,567 1,354,156,527 1,415,093,571 1,478,772,782 1,545,317,557 1,614,856,847 1,659,429,530 1,556,834,066 1,283,566,628 1,037,354,122 910,778,987 770,711,447 563,517,430 421,675,912 355,982,722 297,486,969 290,333,962 281,994,142 272,315,813 261,195,395 248,454,951 234,109,745 217,970,348 199,904,334 179,690,196 32,310,271 0 Ownership:

100.00%Share of Decommissioning Cost: 12/31/2003

$613,162,575 Pre-Tax Tax*Fund Return -Rate 1A 6.00% 20.00%1lB 10.00% 20.00%1iC 3.50% 20.00%2 6.00% 0.00%3 4.80% 0.00%4 3.50% 0.00%5 9.71% 0.00%6 9.50% 0.00%*9.5% Eamnings in 2007-08 for Funds 1 B and 5 Inflation Rates Core 3.00%Decommissioning 4.50%BASE WITH 65% EQUITY, 50/25/25 TAIL STRATEGY MINIMUM 3.3X CASH+BOND, 2007 CONT. TO ESCROW (FPL)5-YEAR FIRST AND FINAL PHASEOUTS Funding Ends 2026 Decom Begins 2026 Target costs equal to $61 3.2 Used 4.50% escalation factor YE 2006 Balance = 11/30/06 Bal + Conts+Eam-Exp.

Escalating annual contributions 5 Year phaseout prior to shutdown Final payment in 2046-Run on 12/12/06 1____ 1,086,568 1 52,030,090 1 53,116,658 1 2,303,835,510 1 1,873,553,474 1 1______________

A SEABROOK STATION DECOMMISSIONING COST PROJECTIONS Summary Page for Totals of All Owners Year End Equities Bonds Cash Decom Cash Cash + Bonds 12/31 Total Total Total Expense Only Multiple Multiple 2026 410,754,503 410,754,503 821,509,006 27,490,940 4.7 7.1 2027 372,970,459 388,376,743 787,388,081 173,452,978 2.3 3.5 2028 240,314,303 324,019,155 716,979,305 335,932,807 2.4 3.5 2029 258,996,562 258,996,562 517,993,124 297,428,131 3.1 4.6 2030 228,576,974 228,576,974 457,153,949 169,525,677 2.6 3.9 2031 -236,328,671 542,093,687 177,154,332 2.3 3.3 2032 -146,862,170 418,749,403 236,668,175 2.6 3.5 2033 104,603,311 104,603,311 209,206,622 163,599,807 2.5 3.8 2034 88,612,584 88,612,584 177,225,168 82,845,597 2.4 3.6 2035 74,280,344 74,280,344 148,560,688 72,910,587 7.4 11.1 2036 72,814,283 72,814,283 145,628,565 20,097,673 7.0 10.4 2037 71,071,625 71,071,625 142,143,250 20,943,978 6.5 9.7 2038 68,992,935 68,992,935 137,985,871 21,886,457 6.0 9.0 2039 66,549,865 66,549,865 133,099,730 22,871,348 5.6 8.3 2040 63,694,970 63,694,970 127,389,941 23,966,849 5.1 7.7 2041 60,429,047 60,429,047 120,858,094 24,976,083 4.6 6.9 2042 78,275 78,275 226,648,377 26,100,007 8.3 8.3 2043 54,047 54,047 205,946,575 27,274,507 7.2 7.2 2044 -35,985 182,903,114 28,580,914 1.2 1.2 2045 3,092 33,204,017 152,118,630 1.0 1.0 2046 --33,037,252 Ownership:

100.00%Share of Decommissioning Cost: 12/31/2003

$613,162,575 Pre-Tax Tax Fund Return Rate 1A 6.00% 20.00%1B 10.00% 20.00%lC 3.50% 20.00%2 6.00% 0.00%3 4.80% 0.00%4 3.50% 0.00%5 9.71% 0.00%6 9.50% 0.00%*9.5% Earnings in 2007 for Funds 1B and 5 Inflation Rates Core 3.00%Decommissioning 4.50%BASE WITH 65% EQUITY, 50/25125 TAIL STRATEGY MINIMUM 3.3X CASH+BOND, 2007 CONT. TO ESCROW (FPL)5-YEAR FIRST AND FINAL PHASEOUTS Funding Ends 2026 Decom Begins 2026 Target costs equal to $613.2 Used 4.50% escalation factor YE 2006 Balance = 11/30/06 Bal + Conts+Earn-Exp.

Escalating annual contributions 5 Year phaseout prior to shutdown Final payment in 2046-Run on 12/12/06 r y Seabrook Station Nuclear Decommissioning Trust Projection of Funding Requirements Peo ..ro.d .O-eui: 100.a0%r1 cJ] o o t .B oS E WM I~ h 0 0% E tU I y , G a/a2 6 t2 n uP .$ 1 o n eRA T G h r m n 9 .2 .6 MINIMUM 3.3X CASH-BOND, -00 CONT. TO ESCROW (FpL s uYEAR FIRST AND FINAL psHAS aEOnTr TOTAL YerEnd C-nt rfblimsFeJI nssTx Total WMt TotaW/C IS Equftý To.alwt TotaWWIC Fund 1A Fund 15 Fund IC Fund1 2 Fund 3 F-n 4 Fund 5 Fun 6 E-m E-~ E.., (B.O.Y. Fund IA Fund IB Fund 1C Fund 2 Fund 3 Fu.d 4 Fun 5- Fun 6 E..w Fs.row E-m r2/31/7 0 0 0 232194 0 0 0 713,264 12086,5605 945,458 64.3% 1,590.50 41"4,20 0 39,430 12971r 2 0 46,567 30,045 13 600 2.5675198 2,553,554 12/3/M08 0 0 0 31tu8t 0 794,558 979,55D 7.09Z987 2,002,17 7 21.4%3 05203,7502 .r ,M15 o 0 456,u14 34,788 2,740,531 2,740,531 r2/31/ro 0 0 0 0328,4" 0 0 81 ,394 1,008,936 2,155,7n0 2,D12,7 :15% 2,rorr 74,ro 0 73,50 7221 0 469s813 39r644 2.907 836 527,83 I2'31/1s 0 0 0 3382.09 0 0 842rots 1,039.204 Z220.450 2,220.407 r 1.30,123 0 46.477 85.362 0 or521 44r31 3o215.041 32.2125.041 12/31/11 0 0 0 38,:4Q 0 0 7,30 r231,o070,381 2,287..04, 2 287.D64 04.7% 2.3 , 132,409 50 02,750 202,7 0 03,3700 3,416,122 3.416,127 I2 3M112 0 0 0 358,902 0 0 r94o 3 3,542 2.35.5076

2. 35,676 63.87% 1,622,022 1.2100 ,34 0 07,001 117,877 0 1,03066 56,995 3.032,150 3,32,150 27311 0 0 0 369.669 0 0 921,1820 r,1r,057 2,42,r346 2.r426,-3 04.0% 2,6154,47 2,5,32390 0 5500,754 3,47 0 606,563 r3,871 3,802.,ro 3.8n2,877 12/3r714 0 0 0 380.750 0 0 .3805 1,520.00 23.492.X 200 9.136 6451% 2,07,5 14 0 58,300 477 1 0 31117 r574 7r382 4,252.200 7,509,01 12V31b15 0 0 0 351,700 0 0 977.205 1,20457,2 2.57:,010 2,574.100 402% 3,115210 1 ,5230177 0 61,755 1630.10 0 6040,41 79,591 4,372.728 4,372.558 21372511 0 0 0 527.057 0 0 13,22 1,240,7865 2,651,311 23.41,300 643.% 3Bu 1,21 26,20 2 0 65422 103,720 0 737,941 87,564 4.000. 8 ,034,180 12/31/1M 0 0 0 319.075 0 0 700.051 072,77774 070 2,730,874 64.4% 2,020,72 1,716,570 0 69,320 205,00 1 0 788,387 98,374 3955,022 3955,022 12/31/18 0 0 0 02 0 0 1'057'819 1,316,0 0 , 0 35.% 42,71,050 0,507,100 0 5,705.05 4 0 0,0 .37 31,10 4 5,105,043 502. 0 027,0 1273710 0 0 0 404 0 0 00 0 4 7008524 rr55,926 20,97,14 0 3897,181 0 0 34.1% 2,017,72278r0

,0007 2,0 0 .005807 1,7,098 .r,520 3 54270,24 21o31720 0 0 0 4 0.646 0 0 ,0 0 K0 10.6% 0.37,0 71,04,4 0 .7 282077. 2 963,318 133,047 5.508,273 3.550 2714 a31371 0 0 468085 0 0 1,16605 1 0438= 07.622 073622 2% 40,798 2,374,969 0 7, 0 0 064 0 ,0 30,590 147,309 7.31,204.040 1 7 620 2/31/ 0 0 0 02 0 0 201.40 1,481,657 3.1650 01 3.165 3 .64,9 0 2,5Q0,49 2,557,322 0 90,754 345 0 0 , 3102.826 1652063 4 .02.040 .024 12737173 0 0 0 491,804 0 5 037A 1,5,107 3,260,80 3,260.80 07,0% 812 0 92.88 295,247 250.227 1 033,567 157.713 06,52.210 7.252,289 12/31734 0 0 0 10, 0 0 27 3,358,GM 3,358,630 49.0% 1,772,205 3,703,00 0 24,700 0 0,0777 1072 94.,4123 2,7105 7,020,54 7 ,52.50 12131n35 0 0 0 316.675 0 0 789,06A 2.078.516 2,0 7 0 25.0% 17,230,3112 3,713,010 0 2717,4,7 095, 30 12,201,410 72161,57 1,179.228 375.19035 35,179.035 1273770 0 0 0 01 0 C 0 0 0 0 25.0% 4231,0258 7,507'0 0 670,200 0 1 0,5290.277 3,067,803 01,200 182 ,070,72 12/37/27 0 0 0 0 0 0 0 0 0 0 25.1 5.530,000 7,200,001 0 04,2000 0 170,30,03 3,05,307 03 3240 22,7230 12731/0 0 0 0 0 0 0 0 0 0 5.0% 65,73127,7 0 4 0 92,2702,o 5 ,003 0 7,500,720 40 ,279 6,1950710 23.4559046 303.004 72737/30 0 0 0 0 0 0 0 0 0 25.0% 40,69503 1,292,028 0 050,32 805823,6005, 0,0.182 0,00 2 015 20,, 1070 20.40 12731/34 0 0 0 0 0 0 0 0 0 25.0% 41,892, 370,07 0 7269,114 0 89,539,087 0,39.3 ,269.75 7. 257450 12,278,450 12732/47 0 0 0 0 0 0 0 0 0 02,0% 60,5,51609 0 0 7,352,078 0 165,987,772 0 0 246.4325.42 240,435,2.

I2,37/42 0 0 0 0 0 0 0 0 0 0 0.0% 38,353,823 0 0 4710405 0 122,09,4663 0 0 27.707.800 17,79197,891 123/3 0 0 0 0 0 0 0 0 0 ,0 12245 3,70 0, 2,470,10 0 4127,75.71 1414.960 2,40031 2,635032 ,6350 I2J31/4M 0 0 0 0 0 0 0 0 0 0 0% 07 0,581,695 00,0 707 36,961072 13,044.3 2,104,957 75,17604.n 50.1767,24 I M 1`36 O 0 00 0 0 0 0 20 5,421,821 1,193,706 O 618*269 0 0,11,196 3.709,8&3 618,269 22. 73,125 22,073.125=

12 3 / 70 1 o 0 0 0 0 0 .5 '5 36,606 1,206,661

..43 24 0 10,9 4 8 3 3,859,337 643,246 2.823,92 a ......,9 12n3/3 n 0 0 0 0 0 0 a 5T7,738 1.242,809

• 671,003 0 11,401,71 4,25,511 171=00 23,743.906 23,743,90 12731/05 0 0 0 0 0 0 0 0 0 0 25.0% 5, 9243 ,279538 0 0,953 0 11,9, 19,22 699,953 24,S95. 24,09,805 1 2/1/4 0 0 0 0 0 0 0 0 25,0" 6,141,781

ý31,319,77 0 732,096 0 12,4432,31 4,391,.275 732,09e 2579,8 25.79508 12 -3/ 1 0 0 0 0 0 0 0 0 0 25.0 %A ,35 ,513 1,3 4,9 AS .1, 3 0 12,9 3447 4,5 ,7 764,3 .6,725 , 2 2 ,7o'.2T 12J311420 0 O 0 0 0 0 0 0 0 25.0"A ,549.901 1,393.688 0 794,472 0 13,5O6,645 4,76,8 79472 27,797,059 27 797'5 123143 0 0 1 0 0 0 0 0 0 0.1 01 0 1.957.611 10.10 0 21.185.886 0 1.0 28;163.5 28,163,503 12!/344i 0 0 0 0 a0 0 0 0 .00,%t 0 0 7,,7165 7.,847 0 123,5, 0 7Z87 2 -770'Z9 29,770,294 M2/3145 0 a 0 0 a 0 0 0 0 0 0 3 ,72 .494 30 .202 0 1 5 142 .651 0 0 153,2 534 1 ,4 ,47 L2731.46 0 0 0 0 0 0 O 0 0 01 0.0% 0 0 0,030,356 3.143 0 25,297,730 0 0 33.733.220 33,733,220 noa~~~~~13's3

-22s 05,5337933,0 316,0 .22901077500,7 709,2 31354 ,7,0 l220043 0,0.5 0,2,0 ,3000r02,0.3,7 Tot, I 1 0 0 a 8015,255 0 0 19.393.1!L 53ý116,6511 52,030,0SO1 105,089.816 61.059.626 0,143.Ul 4,275,893 1,252,079,40 269,691.657 Q1424dO63!.30,S.,154 2.303,835.51C Seabrook Station Nuclear Decommissioning Trust Projection of Funding Requirements 1-/01 S2ous ASE WITH 69 E QUITY, M0 'S TAIL /TRATEGo NIMUiuM 3.aX CASHuBOND, 2007 CONT. TO ESCROW /FPL 6-onuR FIRST AND MRAL pouSEOUTS TOTAL Y- End AnnuaOEarnings Bsloce$Totll W7h To- WIC Turd W7C Fund 1A Fnd 1aB Fnd C Fund 2 Fund 3 Fund 4 F-d 5 Frd 6 E.urs. E-oo E.. Fnd 1A Fund 1B Fund IC F-rd 2 Fud 3 Fund 4 Fund 5 Fud 6 E-rw To- Wlth E-cw E.c- Tsrgt Cus 1/n11c, 110,674.466 30,569.503 0 06,638060 8,777.173 0 1988,1a3,113 12,749,532 8,552,644 386,804.789 378,251,946 699,70,36C 12,31/u7 6,588,977 2,8U2,868 0 o 40093 420,795 0 00,87.43 ru5 1r318,12a 31,328,539 31,010,41.3 114,882,921 33,762,6a5 0 17,V5,316 16.416u408 0 210,0a8,927 14 678007 9,943.893 417,598,157 407,654 24 731,207,77C lu/ar/us : 1s,au902 o1r105usu 0 r.u7uu o./.uu o 00,074j,ru 1.04303 033u.Wl052 33,301,592 007,09,373 48.486.rB5 0 33,418,666/utoc 0 214.147.317 17.065,121 4,40,305.312 440,308,312 7c.rru,r2t ru/o3rO ,.429,825 4,809,9038 0 1, 160 2 0,02,200 0 20,811.77 3.670.7 0.44.7.3 36,4,0 113,062,131 52.283.934 0 20.3.6,797 39.432,677 0 230,20.710 476,07041,0 447041,036 41.04u 030 798,497,17 02/31/10 07,5.933 5,172.137 0 1,247.08 r,80.05 u 22,440.1" 0,022.n 3040808 39,405 800 118,334,21 56,358.907 0 22.176,227 4u6,Ua,224 0 24r,918,505 22,621."9 r45,22 nr1,45252 t34,421.,5 12/3/r1 7,o5,"107

,575,445 0 r,340,214 2,207.627 0 24,187.350 2,200.783 42,000,025 42,50,52 123,861,227 60,747.607 0 23,815,728 5',3r0,203 0 20 ,301, 5 ,0 35 555.88a7./9 555.7.71a 871.9788274 12131/12 /,37",'427 1,osuo3 0 1,4U,828 2,000,412 0 20.ocr 2.508.037 us,961,3X9 45,96a1,36 129,653 201 65,473,885 0 25,561.406 61.3r2.207 0 289,176,325 2 ,395.46 600.72,r13 00,72.13 911,217,2Z 12/31/13 ,724,577 6.477,282 0 1,503,820 2139,674 0 28,095.3 2 ,953 0627,638 a.9627.63S 100,723,945 70,563,569 0 27/419.859 70,0M 465 0 311.655,7U4 Mo,314,1 18 68,/on,/21 048,706.721 952,222,73C r2/3r/04 0.0,340 E,980,858 0 0,355,578 3,360,n07 0 30,27407 0,220. 3581,152 n3.581,152 142,087,231 76,044,458 0 29.397,888 790,105 0 030,003,023 37.034,042 700,7.4,640

/00,7T4.40 9`5,072,702 1-31/15 8.4.534 7,123.142 0 .774,517 32'.8so 0 32,72/14u1 3.W2,224 57,844.366 5705,844,366 148,757.,35 al.,9.472 0 31,502.,32 0.2D53.005 0 361,93025 42,0390,298 756,780,396 756/7800.0 1,039,851,02 1u/31r11 a,0 1020 8,007,092 0 1.*01,074 4.327/399 3,000.304 402,0401,94 62.44,04 0 155,750,c91 8,r1,815r O 0 33.742.002 001,7.,870 0 00,090,0683 47,628,069 817,219,041 817,219,041 0,000,044,322 13/0/ .72700,714 0.735,896 0 2,.030690 4,0.943 0 37,00,0 4.5a4/9 67.308.668 670.398,600 163,080,M19 00,145,150 0 36,055,341 1.4,425,78a 0 020.224,4011 3.361.951 882,393,560 U02.393,560 10.30,543.311

'2/30000 0,705,002 9,412,904 0 2,180757 5,486,521 0 00,150,04

., 7,742,04 72,742,040 17007W,802 002,003,704 0 30,024,236 020,231,774 0 42.. 0769,212 59.666,004 02,672,671 9502,./2671 1,1860,42,/7 12/31119 10,174,569 10,142,047 0 2,030,160 6,104,544 0 43,0/4,211 70,,050.08 7/ 0 / ,5050 7182,O2 o '100,447,572 0 41,457.528 1430 ,314,117 0 47/8110,43 60.508.441 0,028.454.=3 1,028.454.903 0.240,043.000 12/30/20 00,654,791 00,007,0/

0 4 6,871,778 0 I7,35,278 3,t 84.710,286 r87,2/5,3 000,000,634 0 04,365,03 1590/0,300 0 0250.5419.8 74,210,004

,90,0.170.015 1,110170./015 1.295,0843,56 02/30/20 0.1158,338 11,772,292 0 2,674,174 7,661,376 0 51,037,01 7.100 460 91,4l.,416 91.4194,16IN r,r1360,841 128.188,587 0 40,2017.565 177.7460,03 0 0660166,261 03.820621 1,18.281,434 r1,158,281,4U 1,34,0156,520 01130/32 01.01,,379 12,6802,34 0 2,700,00 e,522..04 0 4,97/,8 0.030,2. 0,7,427 98.6877.0 M2.5690.706 1210980.009 0 47,657,645 153,182/600 129,0 0 228 533,954,955 80,652,719 1,293,332,282 1,293.X32,282 1,4150093,571 02/35/23 t35.07.287 12.052,717 0 2,072,481 7,345,121 4,5210,44 00,057,000 7.730M7 0990,00,00 0.888.61,0 250,304,330 051000,0 0 U0/4,140 123,178r,4 277.040.-4 491,008,410 75,657,105 1 ,389.22.410 0,300,22.9418 1,478,772,782 02/30/24 00.458,040 1.213,219 0 2,0n3,907 5,906,4S 9.714.520 47,698,03 7.2520 1 000/730 000,184,.731 294,0,859 102,600 ,173 0 49,215.107 87,/01.681 445,536.O77 437.125,555 68.718,797 0,05.0120.040 1,S85.120.245 1,545.317,557 02/30/205 07.37,227 100.41,869 0 2,000,030 4,201,991 15,577,670 42,4, 64,0.64 0,40,30 99.498,833 031.032.706 B0,497,947 0 49,233,608 406,03,759 032,016,600 371,975,043 59/748,00 I580,00. ,5400 10,0041,500 1,014.000.047 02/31/20 010.47,3 0,050,004 0 2,032,029 2,210,038 290.47/ 35788.75,443 0,5,7 00,700,030 96,787.030 3630,40U 72,628,087 0 47,014,000 0 021050.006 29005102347 47.614.069 1,W44.018.011 0643,018.0101 1.659.429.53 2/31/27 20,412,003 0,70,300 0 2,69,508 0 27,007,776 20,593,00 4,2, 87,797,300 00,707,300 042.243,219 66,321.725 0 40,133,524 0 787,38 02081 065,286.899 41,361,835 0,040,730,202 01,04,770,282 1,5561,34,000 12/31/20 00,09-w40 5.788,200 0 2,438,275 0 24,309,107 22,704,000 3,403,030 7/,753,721 76,753,721 203,173,463 42,040,494 0 40.,45,691 0 716,979/305

.701,3,074 260,0005 0.281,312.763 1,281,312,703 1,283,566,030 12/31/20 04,747,000 3,000,780 0 2,130,200 0 21,929.022 14,0.i23 ,10,370 590,233,130 59.2334130 228,969,198 45,793 040 0 30,027.004 0 500,003,124 002/175,359 30.027,304 0,030,986,247 1,035.986,247 1,037,354.122 02131/30 02,027,203 4.13S.772 0 1,038,967 0 00,050,238 16,215.074 2,0,320 ,5260,200 53.526,029 202.063,253 40,412,6501 0 26,513,721 0 457,1530,49 00.00,603 260513,720 904,307,00 004,307.0 900,7/0,0 02/30/3/ 10,770,421 0,576.412 0 0,421,100 0 04,210795 14,057,750 2.0,43 4,392,911 0.392.911 206,225,940 0 0 30,002.725 0 542.M03,000 00 770.422.358 778,422,308 7700,0- 4 02/31/32 10,270,703 0 0 1,504,927 0 010.42,966 0 u 27,624,675 27.624,875 125,025,063 0 0 21,0837107 0 418,700,M03 0 0 56.611,574 50 0611,574 563.007,430

,2/31/33 6,20,1000 0 10.7 0 2.353.3 0 0 9720,5602 10, 02 2,402 .400.402 0 12.120,80 0 209,206.622 73,985.969 12.120,850 418,403 240 40,403245 421,6/5,512 0/30/4 4,14,003 10651,0,0 0 647,6804 0 6,030,055 6,415,0003 0,10 21,186,217 21,106,217 78.354.003 10,070.,30 0 07.2070301 0 177,225, 28 0 62.72 00,2073,91 004,450.335 35404:50.330 25,982,722 12/30/30 0.140 1,375,909 0 1 540400 0 0,500,03 540,210 5000307.47.512 07,847.102 00.000,97/

13,137.19, 0 0,504,37 0 140,000,050 2.640,701 0,2=4,30/

297,121,375 297,121,375 297,40,0960 12/30/30 3.780,00 1,200,202 0 47 07/ 0 0,00,7 43010.020

.0200,000 00,208,8 04,3/3,004 02,870800 0 8,440,870 0 140.020.560 01.491773 80,4403070 291,257.130 291.257,130 290,333,82 02/31/3/ 3,004,00 0.2232059 0 485,733 0 4,0,703 4,80),414 76242 15,853,290 0.5053,20 62818,598 12,563,720 0 0,203,027 0 0 .2.003.250 50,254,879 0.203.027 204,206,00D 204,200,.00 2810.94,142 02/31/30 3,04.,620 0.00030 0 473,568 0 4.759.916 4671,021 74,0 ,42,40 80,000,022 12,010,304 0 0,000,014 0 037,985,071 4,773,07 0.02,01.4 27 0740 2/0.070.740 2/2.300,132 12/31/30 3.007.000 0.000,030 0 459,015 0 4,005,04 4.518,196 7202 04,020,02/

14.027.2/

580 3,7 00,700,010 0 7,75.4008 0 13.0.0,730 47,034.765 7.756,408 200.100,410 266,100,450 200,000.000 02/31/40 3,329,76 0,04017 0 044,03 0 0,423,843 4.339,302 0.700 14,3M9931 14.0,90,310 5602560,04 0,200,280 0 7.430.024 0 127,380,941 405,00.157 7.43M524 254,7/0.000 204,77/.001 200.454,000 12/31/40 3.171.316 1.052,802 0 421,000 0 4,214,551 0,133,040 0 13,061,0 130661.590 530356,715 10,671,043 0 7.072,32 0 120,850,004 42.685,372 7,D72,332 241,710,l8 240,700.100

24. 090,740 12/30/42 2,M90,426 992.742 0 200,740 0 3,/75,429 3.897,605 130 02,886,597 12,88S.590 0 0 56,055,464

/8,270 0 170,000,013 0 70,275 226,800,026 226,004,926 217,90,34E 02/30/43 0 0 1,830,730 4,374 0 50570,214 0 0,020 0,413,240 7.103,200 0 0 00.020.002 04.007 0 155.017.993 0 04.007 206.54,009 200,054.669 090.N0,33,4 02/31/44 0 0 1,040,220 2,900 0 0,00 0 794,7. 654,724 6,654,724 0 0 40,20700D 05.05 0 1 37,0,96000 0 0 102.939,0' 002.0009 0 1790690.10 2./30/05 0 0 004.200 0.000 0 2,047.024 0 0 32013,30 3,513,300 0 0 0207,822 3,092 0 24,096,096 0 0 13,207,109 33,207.100 32,310,271 12/30/46 0 0 128251 04 0 007,785 0 026,.19 522.110 0 0 0 0 0 0 0 Totals 328,845,510 197,2,017 4,462,4M6 57673.765 03,00,102 241,82,397 9.,668,122 1.873 87159 1 .73 -5347 r Seabrook Station Nuclear Decommissioning Trust Projection of Funding Requirements roroioo0o bosE Wino 38% E60004. 5005705 Too. Inoaneoy MMM 3,00 o 4N0. 207 COW, TO E0CR0W JFPL)5-ER FIRT ..D FIAL IPHA.SEUT.

0 3400md005o 08.20%OO.1md0mo~l.ocoo.a 0173555 FPL Energy Seabrook, LLC Fndr 1 4Fnd8 F!nA Ft Fmnd 2 F-n -Fund I Fud 5 FMn 6 Thora W07 ET.fo Feem/Expe.5...iFoxe

% snuot Torms WOh Tdotar W ,o.Y.yrI Fud45A FuInds 1B un51 Fu. I 2 Fund ` F.. 4 Fund5 Funds Omow Esow oooroo.heck [at(03 ~1-/11,jýu1121 1-/11ZE ,:;311 12/31121 M,'W3 1 2 / I /3 0 M 02 0 W84,.52 o 810,334 0 921,1s0 0 -J,74 o 077,000 0 1.0O6,522 0 1. M .,7:8 o s,0o7,819 o l.087.4t4 o sos2,n4o o .130.840 o 1,21324 o 1,2neo.0 s 1532 0 1,313 2"3 o 7WO,64 0 0 0 0 0 0 1 0 0 0 0 0 00 0 0 0 0 0 D 0 0 0 704050 704.058 018300 81.3.400.2X3 0,4 282 84,282 922ll0 02.11C 948.744 077,206 10,718 I.0M,718 4,07,810 4007, 1 oee4 1.099.55 1,12,.840 5,132.840 1.1066,.5 1.166 835 1.20.,840 12011840 1,237,895 1.237.85 1 270..2 5 275.002 1,3r3,83 -1,01,283 700,000 789,04 0 0 0 0 0 0 0 c 0 0 c 0 0 65.0%C5.0".050%0S.0%65.0%65.0%65.0%0 .0%257.0"/21.0%21"16 25.O.0 0%,.08g,,6 418054 0 1.023.502 637.5 0 1556.,IS 724,658 1 1.482087 1003.033 0 1,sn1.029 1.132,400 0 1,100,022 0 .219.568 0 1,.5,527 o,313,300 0 1.772.598 1,414,41D 0 1853,410 1.523.178 o 1,08 1.0.640.282 o 2,o25.M8 1.760,3 o 2,120,171 1.902.J.4 2,217.876

20. ,248 o 2,320.110 2.205.0%4 0 2,4277.78 2,374,969 0 03540.400 0.057,320 0 2007.,830 2,723,812 o 3 111219 2.583,077 o 3553.026 2,397,028 o 90766.112 3.713,518 o 42,731,- 9,00007,80 7 86.,122 15,810r011 o 69,631,A5 11,154,404 o 40,000,104 00,2.038 0 41.892.105 8.,700,687 o o.05,0 o o M8353,823 0 0 10.712,24 3.703,740 0 1732n.327 3,581.695 o 5,421,825 1.193,706 0 5.5305.04 1340.,80 0 5.727.798 1.202,840 0 5,924,583 1,279.,34 0 6,141,782 1.319,877 0 8.3M.513 1,354,0 0 6,54.9,01 1.393.08 o o 0 6,957,611 o 0 73,97,165 0 M 0072.40 0 30,416 0 400814 o 73,221 0 40,813 0 85.302 0 500.521 o 98,0s 0 533.379 0 112,877 0 508.800 0 128,4159 0 80.503 0 505,300 0 647,284 o 583,814 0 040,08 0 083,829 0 737,941 0 200.580 0 700.087 D 2.3214 0 042.580 0 25490 0 00...07 0 28V,778 0 963,00 0 31304 0 1.000,500 0 345,07 0 Ml02,1S0 0 20247 222.501 1.004,507 0 20 ,010 474,601 945.413 0 107,745 756,00 037,732 0 800,884 10.7U8.338 7,181.537 0 o 77.00,000 31 180084 0 0 151,M32.717 57040,607 o o 1,4.4,.22 42044279 0 0 75.7.M,4-0 30,200,184 0 0 79.040.0 31.0-0,343 o a 147,2-3616 0 0 0 '008,l51,0 0 0 0 37,037,100 14,814,960 0 0 320,11,157 1104404 o o 9.274.007 3.709,863 0 0 0.040.040 3.859,3.7 o n 10,06.77 4,0M,510 0 0 10,497,055 4,048,22 0 0 1097,100 40.00,275 0 0 11,420.18 4,568,074 0 0 1111.,701 4,741,610 0 0 17,81,.000 0 0 0 18,707,034 0 0 0 V7,167,881 0 2.4033019 2.403,480 2,66,.147 2.004,14;2.8242330 2.,24.234 2.123.043 3.023.027 3376322 3,316.21;3.523.154 3,523.150 3.743,000 3,743,044 3.070872 3,070.072 4.230,082 4,0,8;4,500,197 4.500.197 4.787.328 4,7817,32 5.008072 5.04.07'5.421,820 5 42 1021 5.772.070 5772,070 1.40.021 0.140,421 8.5405008 0540.001 ,o74.ors 0074 011 7,351,221 7 1 r221 7,712.227 7.712,227 32.3,a380 32.300,8 0 0l.2:0.05 161.290,057 304,287.096 304,287,54 200,0S,080 20030,38C 155,002330 150.4o3.351 16,0 01,994 161,201.994 212.3790225 212,379,27 147,5rV76 147,50.,671 753,68.34 70530..3.0,0476,042 00,470,042 10.000.0o48 100600.048 00,2503045 2320,20014 21059.892 21,059,892 210.800999 21.800,40S 21.,31,123 22,831,122 230078.706 23,678,760 24.19,870 24,619,97C 24,840,012 24.848.612 26,300,199 26.304.190 135,240375 135,240,371 29.7780.0 29,778.051 2.045,301,497 2,045 291,38E-9 ---...--To.l Seabrook Station Nuclear Decommissioning Trust Projection nof Funding Requirements UNnauM a- csA-SOaN. -o cOon nO EISCROW maI FPL Energy Seabrook, LLC Y- End A.-I E..i.,.Ta11iat Od, Ta1i!icj 1.- 1. ý- I. -ý 11 I -I I 12 3111V 12/31/1 1.?n3 nf1 t /1-1 t z1- i 4 ,min,11 1 MIM1t IM/1141 12al/44 12/31/2-W312 7 n' 0i7 n,naua77 7. d79427 7.nn4,578 8,7.023 a,27s,710 a. ion .".716,502 10,174,5un 11.156. 3'11,.686 -379 13,5u7.287 1 458,04" 17,-.7227 17,ns7.a4c a14s747.55

.12,7.O0O 1o,774.421 10,276.7W, 3 , in.ucu 4,O .70.dd 3o. c.70u 2,.42600 4,ai5,9un 3,750.5r5 n,60a.0au 3,329,770 arcrdi6 Io,42d I 2..2,866 3.175nO 4.Mo,938 5.1n.137 5,sýn,44s U8.000.65.1477.0,2 n.osaoesa:0 927,M72 8,7I.d.80d s,55.1d~s 41,772,2 a.6,41352 1.223059.1 ii .0r332.10,141,86 6.755,3d, ,892,740 3 st6,rd radu5,oso ir.250,030r,1cs,03i'.S,asu'so 1 d.lO54a 0 0 0 0 0 0 0 0 0 0 0 0 0.,80,70ad 1.639 228'64,241-.8251 1.-o.5E5 a,210,638 a217a127 a. Oar.0 2er .n i.7 '7781'.2cr a"0 0 I 0 0 0 o I o o o a0n7n.59 a ,435. tad 4023.4808 25,77,57 4,423.110 137.4,59S 4,'687254o 21 .760'S 5,7n7,259.4,23.,782 3,72dd,582 2,236,171.a,152 M94,14023 20.811779n 27167.315,70 6M,41S86 32.27,141 4,51V,19 47,33n.27 54,9179,878 4r,6.,W5 2207.ad.I50D 14.o56.3 as.on15.n d4 .057M I 4,7.0 2%4,5160.1%0 4dn.33can3 4,13.174 .0 349an7 15 a7a.DO 0a55.n M8.5,805 331653,7.0 36.730.71 39.02o,528 42cr,5n3 ,5236,865 56. 70M~52,d37,625 50.454.004 G.77.300 ES, I'snn 70,zWOra 7s.oa coca 87. 71.515 80,7oa.227 Mo. rur.r n 77,r .005.00.573 47.379.576 41 003.r 3 17.,35,271 S,757, Ii 1 , 1,37 14,349,756 14,031,72d 13.s`3,1" 126.063. r 12,079,839 5,070,010 3100,419 MA4.4 23.76007W 33.653.73.

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48.700.00W 52.437.62'.

60,778,39 65.4n1.53.

70.40i 37i 75.082 00 87,871,51!

so90 321 eO161,13N.5,672,d3' 77.711,09 s2.4..,31 47.,37s.57 24,.X5,29:

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12,683,0&2,0779,3', nisjn 6,M38,32 5.7001.r 44004.: 110.674.46i 30.569.603 114r2.02,1a 33,762,M8S 107c,.9M373 48,486,1 113,062.13d 52,283,9o4 116,3,.n2aa 56,W358,07 123,861.227 0:,717:17 129,653".201 6,47a,685 r15.723,945 70,563.,n9 142,r87.,d3 760.d44,e5 140,757.535 81.ao.,47a 155.7500.W1

..., 163.0008009 95S145,150 170.700,02 102,513,7M4 178,825,510 110,-47.872 187,275,656 115,990,634-a19. r 1 1a811,5157 211.569,766 1i1r.08i o 259,3.4,335 11,50,98 294,14 ag 102,60 173 331.032,706 8n9,4.7Aa7 30.r140,434 71.602.,.7 342.243,219 66.321,725 2a3,173,4a 3 42 8464.-228.110.1rg 45.703,840 40,4"12."a5t 20E,225,946 o t 25,odo.3 0 92.482,-6 1W4A,42 7a,354.03o 1 9670.91 65.685.977 13.137.15 a4,7.4M4I 62.818."a r63,nno Masi692 12.193,W8 s8,793,457 11,758,6n1 56.2%6,.7 11251.20*53,356,715 10,671,143 0 1 0 0 o o 0 0 0 0 3a7.. 177 0 3o 0 n .ar1no o o00 0 o21nra2,78 0 70 3.70550 0 14.23.01415 o r o.a.7 0 r oW.4W.361 o rS oI7n o 123,7503,16 0 77ý5,74050 o 0 0 0 o o o 0 0 1a98oM, rn3 0 290.0782.d7 0 214.147,317 0

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580.029.744 Mn.703.,18 6M3.703.861 002,087,267 612,187,267 inn.a4o.4sa 735.Sno,4sa 7M2,876040 702M076.,40 S500281,531 854,281,531 NO0,38.934 92.395,934 nor,580.618 esr,5n8o618 1.060 3,2 1 '08.2"U.,2ad 1,1%..76U.913 1,150.764,99a 1,233,815.00 1,233,815 100 1,316643,239 1,316,643r23a 1r.11,405.426 1,3r8a4.5 42d 1,a52,561.736 1,452,561.736 1.008972877 1,368,972d877 1,132,693,853 1,32,693,853 9s1587 .73 I1r.5,76.7On 800 25n,013 0 d53,013 68M.114.183 68114,i83 500,l0,252d 500.i.1.252 on,. ,- .4du 929.8.0 313.418.612 313418,612 262.743.907 262.7439.07 257,493.615 257.493,615 25a1274,3M3 251.274.393 24C807,680 243.367.686 2a5.173,827 235,173,827 225,'05.77 M0225.787 213,426,561 213.426,861 2a011.0115 200.198.055 181.807.794 181.8a7,794 161,43.60 1r 1,a416nc 2a.s3n.649 a9,313,649 o -0s 7 .45 505'ý6d5.1OA,50d 674.167,647 704.505.I1a 700.207392.

7is.337,231 003.a57.4au 877,941,64 0i7.-, 1rd 1,7151.,22, I.001.877.261 1,04.,961.741 1,09..075.0I1 1,134.757.272 1 248,521,350 1.3.0.724.411 1,313.416,521 1.424770.

271 1 -.c9625 1,373,577., 1.132,476 581 915,24id0ni 803,570.100 n79 -0.15!497.15.187' M7.309.971 3 14.079.60.

262,d-9.45 256.15a, 43 24.,80O9,:

240.261.21E 2W0.44d,7a1 192,312 81, t76,373 37!58,530OO66 00.540 ,002 o 0 0 0 45,20, 0,2d07,82d2 0 Tumal 1 328845,510 197,485.017 4.462,45 0 83,15.,192 213422,549 849r668,122 0 0677 280.576 1.677.0-n 84 Seabrook Station Nuclear Decommissioning Trust Projection of Funding Requirements 1 G702oo $Ase WInH 65% EQU0TY, 50/u/ TAI. STRATEGy-IouM 3.3X CA6H5BOND,a 2a7 CONT. TO ESCReOW FPL)-IA R FReST AND FINAL pHSEOUTS Hudson Light & Power Department.ear End Contiutions hreck Dat Fund IA Fund 1 Frd IC Fund 2 Furd 3 Fund 4 Fund 5 Fund6 cro Esroa Caa (B. FrerarA FunE 1B 72/31/0 a a 0 n n 0,0 aa na m oý 7. o 728 =41 ~ 2 58 M~ o o 1I31D o o 01 o o o .~8996a 9,968 3.1% 0 D 72/31/0 r0 0 0 0 a rO,2e7 ro,2a7 70,260 0.0% 0 0 12/31/10 r 0 0 0 10 .575 10,575 10,575 10.4% 0 12/31/11 0 0 0 0 0 0 n 10,2 10,002 10,802 13.7% 0 0 12/37/2 7 0 0 0 0 0 n 11.219 rr,2 1 11 270 160. 0% 0 12/37/73 7 00 0 0 a n n 0 r 555 r,5551 0 a 12/31/r4 a n 0 0 0 0 0 11.902 91,902 11,o02 22.5% 0 0 12/3/15 1 0 0 0 a a 0 n r 12.25,9 12,29 25.1% 0 0 12/37/70 1 0 0 r2,627 r2,a27 12,627 27.0% 0 0 12m31'17 .0 0 0 0 0 0 130.55 73.005 20.9% 0 0 12/3-/18 1 0 0 0 0 0 0 13,36 13,306 13'3s6 30.0% 0 0 12/31/19 0 0 0 0 0 0 0 13,79 13,3797 13,707 30.0% 0 0 12/31/20 0 0 0 0 0 0 0 14r1 14.21r 1 4,211 30.0% 0 0 12/31/21 0 0 0 0 0 0 0 14,638 14,a3 14ru. 30.0% 0 0 12/31MbM 0 0 0 0 0 0 0 70,071 15.077 15,077 30.0% 0 0 72/31/23 0 0 n 0 0 0 0 120529.15,529 15N52n 29.0% 0 0 2M3,/2 1 0 n 0 0 0 0 0 75.0S5 75,000 1S,995 20.0% 0 0 W231/5 r 0 O 0 0 0 0 15,475 06,75 r.45 27.0% 0 0 72J31F2 2 0 0 0 0 0 0 0 sga ae 9,890 ) 26.0% 0 0 r2/31/27 3 0 0 0 0 0 0 0 25,0% 0 0 D2/31/2 3 0 0 0 0 0 0 0 00 0 220%7M/31/2 3 0 0 0 0 0 0 0 0 0 17,4% 0 0 12/330 3 0 0 0 0 0 00 0 21.0% 0 12/3/'31 0 0 0 0 0 0 0 0 0 25.0% 0 0 12/3/32 3 0 0 0 0 0 0 0 0 0 0.0% 0 123/33 3 0 0 0 0 0 0 0 0 0 n 0.0% 0 0 123/30 3 0 0 0 0 0 o 0 0 0 0 25.0% 0 0 M073 3 n 0 0 0 0 a 0 n 0 0 0 20.0% 0 M2/7/3 3 0 0 0 0 0 0 0 0 0 0 25.0% 0 0 2/3/37 3 0 0 0 0 0 0 0 0 0 0 25.0% 0 0 12/31/3C 3 0 0 0 0 0 0 0 0 20.0%' 0 72/3730 3 0 0 0 0 0 0 0 0 0 25.0% 0 0 1 3/31/0 3 0 0 0 0 0 n 0 0 0 0 25.0% 0 0 12/31/r 3 0 0 0 0 0 0 0 0 0 25.0% 0 0 12/31u20 0 0 0 0 0 0 0 0 25n% 0 O 12/31/1 3 0 0 0 0 0 0 0 0 2,0. 0 0 0 1 0 0 1050% 0 0 12/31/4a 0 0 0 0 0 0 0 0 0.% 0 0 12/37/46 3 0 0 0 0 0 0 0 0 0 0.0% 0 0 rraarrlao, alnaaaaun 008%s/a,,. aro.aarrau..na20 suroro 0 540 0 0 0 25573 573 0 570 0 0 0 50 620 620 I 594 0 0 0 672 072 0 20 0 0 0 07 727 727 0 647 0 o o rn 787 787 o 670 0 0 o 175 52 052 0 707 0 0 0 221 021 0 740 0 o 0 257 997 997 O 774 0 0 0 304 1,07 1,07 0 577 0 0 o 350 7 7,7 O 077 0 0 0 3s,22 7,202 0 040 o O :7 17,305 7,305 0 7.025 0 0 0 5,070 7,474 0 1,707 0 0 0 4,502 1,502 o 7,705 0 0 0 15,77 1,710 0 1,124 0 04 0 54 1.854 1,854 0 7,007 0 306 0 1,000 1,004 0 015 0 030 0 52.70 2.140 0 8.o00 0 0471 0 0730 23,555 23,555 o 34,145 0 0,201 0 34,51.02 136,502 0 67,30.7 0 134,750 0 59. 262.179 202,179 o 63.715 o 127.20 0 00. 232,046 232,046 0 33.174 o 60,300 0 33,132,776 132,776 0 34.632 0 69.264 0 34,032 13.521 730,520 0 01,400 0 122,937 0 0 1o4.05 704.405 0 42.534 o 85.068 0 0 127.602 127,002 0 16,235 0 32460 0 o 1235 64,939 e4093s O 14.204 0 2050 0 42 57,176 57177 0 4.002 0 0.120 0 41,207 10.247 0 4,220 0 0.452 o 4'226 7,5904 16,904 0 0,400 0 8,816 0 0,400 7,633 17,633 0 4,508 0 9,17 0 4,500 ,393 70,393 0 40. 0 0,610 0 4,900230 7.23 0 5.=03 0 10,007 503 2003 20,013 o 5.210 o 10.438 O ,210 20,070 20,076 o 4,035 0 13,065 o 05 27,775 21.775 o 3.010 0 15,003 0 3 2277 22,776 o 13,100 0 105.194 o 0 1180303 118,303 o 1.368 0 2,628 0 0 25,97 25,997 o 445,870 o 969,740 0 284.6. 37 1.750,345 1.700.309 Talus 00 0 0 0 0 0 252.960 250,540 0 0 P Seabrook Station Nuclear Decommissioning Trust Projecuion of Funding Requirements rur'006 BASE W0TH 65% EQUITY, TAIL eTnATEsY gNNMUM 3.3X CASH0B0ND, 0007 CONT. TO ESCROW (FPL)-YEJnoR FIR0ST AND FINAL pHASEOUT$Hudson Light & Power Department Yer End Annual Earing Balnces Total Wh, Torso WM ToOLI Nith Totl W/C Funrd 1A Fund rB Fun 1C Frd 2 Fund 3 Fud 4 Fun 5 Funds a tcro Escrow Escro Fund 1A Fun 1B Fund 1C Fud 2 Fund 3 Fud 4 Fund 5 Fund 6 Emow Escr Es cm Tergecos 12/31 0 0 0 227,193 0 0 0 0 23,410 250.603 227,193 541.374 lu/o1ron 0 0 0 13,615 0 0 0 3w 0 14o84r 13,983 0 0 0 240,282 0 0 0 7,620 20,654 274.556 247,902 5650735 r2tdro 0 0 0 14,309 0 0 0 1.228 15,628 Is.020 0 0 0 254,133 0 0 0 18,792 272,925 272,025 591.194 12/Or/0n 0 0 0 10,230 0 0 0 2,d 17,533 o7,33 0 0 0 268,M2 0 0 0 31,312 300104 300,104 617.797 12/31r1/ 0 0 0 16r108 0 0 0 3.507 19,616 19.616 0 0 0 284,306 0 0 0 45,317 329,623 329.623 645,598 12r/1 1 0 0 0 17,0o3 0 0 0 4,852 21,891 21,891 0 0 0 300,725 0 0 0 n,954 361.679 31,670 674650 12/31/12 0 0 0 18.023 0 0 0 6,353 24,375 24,375 0 0 0 31r,100 0 0 0 78,386 396,086 396,480 705 009 12/51r/ 0 0 0 19,064 0 0 0 8.024 27,088 27.088 0 0 0 36,488 0 0 0 o7,78o 434.277 434,277 706,735 12731114 0. 0 0 20,167 0 0 0 90.03 30,050 3W.050 0 0 0 355,947 0 0 0 119,360 475,307 475.307 760a.00 12/3111S 0 0 0 21,333 0 0 0 00,040 33,201 n3.281 0 0 0 376,541 0 0 0 043,300 519,850 519,850 W04 533 12/316 0 0 0 22.500 0 0 0 4,240 3W,807 3W.807 0 0 0 3a,0334 0 0 0 169,872 5"0,205 060.20 5,0,737 IM2/31/ 0 0 0 23,074 0 0 0 10,700 00,650 00.654 0 0 0 430400 0 0 0 000,200 020,007 020007 0002570 12131/10 0 0 0 26,041 0 0 0 18.350 44,391 .4.391 0 0 0 474,055 0 0 0 203.167 677.222 677,222 910,106 12/3110 0 0 0 28.413 0 0 0 19,980 48,393 4.303 0 0 0 516,033 0 0 0 /31,414 73M.0,7 73U,047 090420 12/31/20 0 0 0 W0.005 0 0 0 21,713 52,698 52,698 0 0 0 562,437 0 0 0 241,044 803.482 803,482 1,002.594 12/31/O 0 0 0 33.711 0 0 0 23,617 57,328 57,328 0 0 0 611,690 0 0 0 262,157 g3,Ms5 873,855 1,007.711 1/31/22 0 0 0 3.6,03 0 0 0 2.5643 62.307 02,307 0 0 0 5790207 0 94.952 0 275,361 900,520 949,520 1,094,858 12/31/23 0 0 0 34,716 0 3.320 0 26,920 U4,06 64.956 0 0 0 53,09 0 205.030 0 287,882 1,028.151 1,028,151 1.144.127 1230/M24 0 0 0 32,005 0 7.190 0 28,132 67.306 67.366 0 0 0 477,M3 0 332,830 0 209,570 1,109.516 1,109.510 M.905,612 12/30/25 0 0 0 28,596 0 01,030 0 20,265 60,499 690,40 0 0 0 405.700 0 477,301 0 310,272 1,193.3M2 1.193.02 1,249,415 12/31/36 0 0 0 24,087 0 16,500 0 00,067 70,283 70,283 0 0 0 312.495 0 624,900 0 312,495 1,249,979 1,249.979 1,283,01 12/31/27 0 0 0 17..50 0 20.587 0 27,950 K,100 66,191 0 0 0 300230 0 606,459 0 269,890 1.17095,W 1,179,58.

1,204,523 02/31/20 0 0 0 16.023 0 18.680 0 22,596 57,303 57,303 0 0 0 268,474 0 53,947 0 169,291 974,712 974,712 003,00 12/31/20 0 0 0 14,050 0 16.382 0 14,030 .4,470 44,470 0 0 0 196,781 0 1933568 0 106,704 787,135 787.135 802.601 12/31/30 0 0 0 10,730 0 12.523 0 17,010 40.271 40,271 0 0 0 173.007 0 307,305 0 1/3.057 6940630 694,630 70.,670 12/31/31 0 0 0 9,3004 0 10.850 0 14,740 54,094 3,894 0 0 0 196,W8 0 393,997 0 0 500,00 500,905 596.200 12J31732 0 0 0 9,8A0 0 11,471 0 0 21,311 21,311 0 0 0 142.834 0 285268 0 0 427,902 427,902 435.993 12/31/33 0 5 0 7,000 0 0 15 5,0 153,568 0 0 0 78,9.7 0 157,030 0 70.07 315,869 315,000 320,251 12M31/3ý 0 0 0 4.215 0 4,915 0 0,070 moon 15,800 0 0 0 0.005 0 133,300 0 00,005 200,720 200,730 275.424 12/30/30 0 0 0 3,540 0 0,1 0 3.10 1:3279 13,279 0 0 0 55.710 0 110,421 0 55,710 222.801 222,840 230,100 12/30/30 0 0 0 0,212 0 3.747 0 5,086 12,005 12.045 0 0 0 54,000 0 109,319 0 54,000 210,639 210,630 220.031 12131/37 0 0 0 3,143 0 3.667 0 4,970 11,788 11,788 t 0 0 53.301 0 106.762 0 53.381 213,524 203,324 210.110 12/30/20 0 0 0 3061 0 33570 0 4,M47 11.479 0 1,470 0 0 51.842 0 103,0685 0 51.042 207,37 207,370 2,10.01 12730/30 0 0 0 2,962 0 3,456 0 4,U02 10,110 .1,110 0 0 0 50.021 0 100.003 0 00,021 200.080 200,000 202,07 02.30/40 0 0 0 2.0 0 3,320 0 4,500 l074 00,070 0 0 0 47,881 0 95,700 0 47,081 1000523 191,123 002230 02/30/04 0 0 0 2,712 0 3,163 0 0200 10,169 00,169 0 0 0 45,420 0 00,030 0 00,420 181,670 101,070 1.16131 12/31/42 0 0 0 2,557 0 2,-03 0 4,050 0590 0,500 0 0 0 U4,70s 0 102.230 0 54/070 070,393 070,003 100r4,4 12/31/40 0 0 0 0,004 0 3332 0 3,016 8,250 0,253 0 0 0 23,331 0 109,030 0 23,331 .50870 156,870 554060 12,31/40 0 0 0 0,002 0 3,543 0 2,062 0.806 60.00 0 0 15,667 0 125,334 0 0 141,001 141,001 139022 12/31/45 0 0 0 516 0 2,003 0 0 2,010 2.010 0 0 0 w,300 0 24.230 0 0 25,570 21,576 24,000 12/31/00 0 0 0 37 0 004 0 020 420 0 0 0 0 0 0 0 0 0 To/s 0 0 0 503 456 0 MA0.100 0 448,955 MI0 1,223,430 1,222,575 A-V/1 2/2002BASE WITH 60% EQUITY. 60=12'15 TAIL STRATEGY W5IAUAM X CASH-0BOND.

2007 CONT. TO ESCROW (FPL)6-YEAR FIRST AND FINAL PHASEOUTS Seabrook Station Nuclear Decommissioning Trust Projection of Funding Requirements Massachusetts Municipal Wholesale Electric 11 c.o.n- o, Owr i, a:, 11.19%Shar. .1 D02o22/0on-:

1,,121,380 Yoar End Check Dat.12/31100 12/31107 12/31/0 I 12/311/0 12/31/Il0 12/31/11 12/31/IA2 I 12/31/In3 I 12/31Z:1 12/311125 12/31116 12/31/105 121/18 12/21/39 2 12/31/30 3 12/31/32 2 12/31/322 12/31/'34 12/31/374 12/31/ 3 12/31/uD 12/31/1 12/31/42 3 12/31/2 3 12/31/ 3 1231/3A 3 121131M3 12V31,'363 12/31/c 3 IV31/39l ,2M11/41 3 12/31/45 3 21231/46 3 T-o.al Conltibutions FeO'/00 nT005/axeS o 318,100 0 A 328.946 0 A 33n8299 0 0 348.,4u 0 0 358 ,2 0 o 300,009 0 A 380,75 0 3A2,182 0 0 403,0 0 0 416,ono 0 0 428.5A8 0 0 441.474 0 0 454,006 0 0 468,285 0 o 002.334 0 o 4W.80,4 0 0 511.706 0 0 522,059 0 0 316,675 0 0 0 0 0 7 2 0 3 0 0 0 0 o 0 0 0 0 0 a 0 0 0 0 0 0 0 0 o 0 0 0 0 0 o 0 0 o 0 o o 0 0 o D 0 0 a 0 0 0 o o 0 0 956,0a 0 025,35 0 11014,89 0 1,0M0,34 0 1,076,70 0 1,105,00 0 1,142,27 0 1.176,'54 0 1,211,84: A 1,248,19 0 1,285,00 0 1,324,21 0 1,363,93 0 1,404,85 0 1,447,00 0 1,490,41 0 1.535,12 o 1,581,17 o 950,02: o awo o o 0 o 0 a 0 0 o o0 o 0 0 0 0 0 0 1,275,510 1,275,516 1,313.784 1.313.78A 1,353.198 1.353.1 I'1.393.794 1,3,93,794 1,435,607 1.:35.07 1,478,676 1,478.676 1.523,038 1.523,030 1,5 1,,767 5.8,727 1,.15.789 1,615,789 1.604.262 1.664,202 1,714,100 1,714,190 1,765,.10 1765.616 1.818.584 1,018,584 1,173.122 1.873,142 1,M29,33E 1.029,336 1,087,216 1.987,216 2.046,033 2,000,833 2,108,238 2,100,238 1,266.700 1,266,700 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a 0 0 0 0 27,0%47.8N 49.5, 52.60 5 4 .1 N 55.7%57.9%59.0 50.0%49.0%17.06 25,0%25.0%25,0%25,0%25.0%o.o%05.0%.005 25.0o'25.0" 25.00 o0 o 0 0 0 0 0 0 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 A 0 0 0 0 2 o 0 0 0 0 0 o 0 0 0 0 0 0 0 o 0 o 0 o o o 0 0 0 00,339 0 0 0 42,652 0 0 0 45.113 0 0 0 47.730 0 0 0 00,535 0 0 53,514 0 0 0 56,024 0 A 0 ED057 a 0 o 63,644 0 0 0 67,458 3 0 0 71,513 0 0 0 75323 0 0 o 80,402 0 0 o ,0,0E0 0 0 0 0s,307 0 27,253 0 s1,850 0 59,033 0 92007 0 25,472 o 052.054 0 1,411.037 0 5,110,00 0 10,233,211 0 10,082,06 0 20,164,128 0 9,556,047 2 19112,05 0 4,074,000 0 8048.112 0 5,189,508 0 10,373,137 0 9.2100892 0 18,421,700 0 0,373,710 0 12,747,419 0 2,432,905 0 4,005,812 0 2,142,126 0 46284,252 0 60 ,940 0 1,217,879 0 033.539 0 1.267,079 0 660,878 0 1.321,756 0 689,391 0 1.378,782 0 721,050 0 1,442,099 0 750,139 0 1,500.279 0 782.485 0 1.564.070 0 0 3 3,2.64876 0 0 0 3,413 781 2 0 0 17,733M151 0 0 0 3.8E5.466 0 34.73 o 39,521 o 44,750 0 50,45: 0 OA,87.0 03,4.0 0 07,00.0 97,55/0 108.15: 0 11,.74 0 132,41 0 140.27 0 163,8W 0 1564.6" 0 145,79 0 131.00 o 1,105.140 0 5 ,1 1 6 ,0 0 o 0 9,000.25 0 6,103.14 0 4,974,08 0 5,189,.56 0 0 o 2.932,00 o 2.142,12 0 633,53 0 660087 0 609,30 0 o 750,13 O 722,48 0 0 a 75.070 75.070 82.181 B2.181 89 .56 6 0 9 .8 0 '98,.11 98,191 107,209 107,200 110,901 110,901 127,573 127,573 130,000 136,0D5 151,508 151,500 165,014 1ns1o 17BE06 17B,666 195,54 195.5E4 212.811 212.816 231,542 231,542 251,870 251,070 274,020 274.020 296,732 296,732 319.827 31B.027 3.129.543 3.530.543 20,060.423 20.466,423 39,26.,440 30280,449 34.771,2E2 34,71.282 19,896.318 19sas0,318 20.738.273 20,754.073 27,.32.077 27.032.677 10,121,129 19,121,108 9,731,024 9,731,622 8,500,503 8.5MI,503 2.435,739 2,435,750 2534.,158 2,533,150 2. W43,511 2,603,511 2.757,563 2,757,563 2,084,109 2.200,100 3.000.558 3 000,558 3,120,040 3,129,940 3,24.8706 3,204 ,71 3,413,781 3,413,781 17,7n3,151 17,733,151 3.805,466 3,895,460 254,642,176 254r630,717 n o o R? 74t3 0 149 74B 31B o -. 7015 0 a 0 8015255 0 1V1,D00G BASE WITH 66% EQUITY, 6C200 TAIL STRATEGY CNIMUM SA3X CASH.BOON, D001 COOT. TO ESCROW (FPL)S-y R FIRST AND FINAL PHASEOUTS Seabrook Station Nuclear Decommissioning Trust Projection of Funding Requirements Massachusetts Municipal Wholesale Electric Y.ar End 12/31/712131lO212131110 12n31112 12n31114 12-31/15 12131/10 12131/13 12531/17 12n31118 12a=1/2 ia12312 12/3/2.VZ,3 'n"c t 2n 1'3 12/31/3 12n ar3 V23 12n 31/3E Iota1/3I AnnU.l TOWr h TI0uE oWIC F-n IA F-d 1. ..n 1C F-nd 2 Fu.d 3 un Fund 5 Fun 6 F-row Esro .E-~1 -01,121.300 0 1.045,000 0 0 0 1.125,700 0 0 0 1.210.628 0 0 0 1,301590 0 0 0 1.397.455 0 0 C 1,500.055 0 0 0 1,609.282 0 0 0 1.725,4W 0 0 0 1.849,267 0 0 0 1.00.K000 0 0 0 2a120.001 0 0 0 2,26,905 0 0 O 2.428,313 0 o 0 2,595,7Q 0 o 0 2,701,.01 0 0 o 2.792,740 0 490,529 0 2,80,30' 0 1.070,256 0 2.901.1"'

0 1.740,450 0 2,077.605 0 2.477.913 0 2,04",I6,G o 3,039.706 0 2,401,41 7 2,N00,324 0 2,105,035 0 2,450,604 0 14,304 0 1,882.617 0 1,200.731 0 1,32,502 0 1.482.325 0 1,720,100 0 1,005.200 0 1,28,215 0 643.853 0 744,00 0 537.200 0 020,530 0 485,370 0 569,681 0 478,513 0 550,170 0 400,550 0 544,203 0 452.211 0 527,484 O 425:205 0 507,710 0 415,550 0 484,705 0 392,870 0 450,247 0 0 0 055.070 0 0 0 710,050 0 0 0 405,232 0 0 0 S0.752 0 1,439,52 0 1,665.07 0 1,914,24 0 2,189,63 0 2,493,43 0 2,82B,50 0 3,197,85 0 3,04,76 0 4,052,82 0 4,545,97 0 5,081,51 0 50,65,14 0 0,341,03 0 7,061,0 0 7,971,34 0 7.60,61 0 7,195,11 0 0,53M,47 0 0,597,44 0 4.195,50.Z,411,73 0 2,131,13 0 2,557,25 0 2,217.56 0 0 0 1,010,79 0 851,25 0 757,40 0 738,85 0 716,17 0 6N0,25 0 658,14 0 622.25 0 0 D0 2,485.523 2,405.523 2.790,778 2,790(1%8 3,124,975 3,124.975 3,490,729 3,490,729 3,890,890 3,890.890 4a328,%54 4,328.564 4,07.138 4,807,150 5,220,304 5,330,304 5,902.080 5,02,000 6,526,870 6,526.070 7,209.,461 7,209.461 7.055.05 7,955.005 8,769,249 8,769,249 09.58,052 0,658,502 10,072,007 10,672,807 10,953,201 10,953,201 1,125,673 11,125,673 11,1710,74 11.178074 10,52.1 964 10952,964 9,934,232 9,134r232 8,613,53 00.013350 6,062,070 0692,670 6,054,222 6,054.222 5.249,500 5249,600 3,210,431 3,210,431 2,350.533 2,300.522 2,3922795 2,392.795 2,01,5075 2,015.075 1,831.459 1,021,459 1,794 499 1,704,490 1,749,594 1,7490594 1,6905,70 1,695.870 1,06232029 I,2,320 1,550401 1,558,401 1,723,377 1,473,377 855,970 855,970 7.N,850 7681,50 405,222 405,250 00,752 E0.752 0 0 16.116,502 0 0 17.283.711 0 0 18,508,24" 0 0 20,019,741 0 0 21,523,556 0 0 23.125.366 0 0 24,031,187 0 0 26,647,397 0 0 28.550.754 0 0 30,638,422 0 0 32,827,992 0 0 35,157.508 0 0 37,635.493 o o 0,.270,900 0 0 43,072.537 0 0 4",612,659 o 0 00,327,526 0 0 47,440,300 0 0 40,119,298 0 0 48,301,676 0 0 40,000,204 0 0 45.437,040 0 0 40,220O030 0 0 20,575,374 0 0 20,114,850 0 0 290.50,242 0 0 21.509400 0 0 11,9390471 0 0 10,104,704 0 0 0.466,407 0 0 8.315,331 0 0 ".130,417 0 0 7,06,.30 0 0 7.041,514 0 0 7,322,047 o 0 6,963.oo8 0 0 0,000 0 0 0 0 0 0 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0 14,008,5.4 0 30,610,568 0 49,770,584 0 71,558,039 0 03.702.6000 0 W0.874,079 0 0.458,077 0 59.150.700 0 52,229,700 0 5902,0o484 0 43,018,987 0 2328708,42 0 00,220,528 0 16,022,814 0 16,030,604 0 16.260,834 0 15,613,875 0 15,283,029 0 14,657,094 0 13,936,016 0 05,215,409 0 23.306.503 0 21,161,022 0 3,034,714 0 0 0 12.749.532 0 14,000,490 0 17,021,927 0 19,632,814 0 22,517,306 0 25,701,828 0 29,215,205 0 33080,343 0 37,350,585 0 42,000,892 0 47,237,690 0 52,934,305 0 S.,200,300 0 66.089.920 0 73,002,.00 0 80,222,510 0 00.020.272 0 74,995.891 0 68,030,731 0 59,035,302 0 46,896.304 0 40,741,905 0 25,692,993 0 20,070,374 0 20,114,05a0 0 112939,471 0 10'104,764 0 8,046,407 0 0,215.322 0 0,130.017 0 7,9060,09 0 7641,514 0 71220,547 0 0 000,5 0 0 0 0 31.017.330 25,866,034 34,482,283 31.944,201 35,630,173 35,630,171 39.652,555 390.52,55!

44,042,862 44,040,002 48,827,194 40,827,103 54.046,482 54,046,48; 59,736,739 50.736.732 65,939,340 65,939,4/72.699,314 72,699,314 00,035,672 W0,025,70; 88,091,808 96.835,793 96,835,7n:

10,3500,000 106,300.c0 116,720,017 116,73M,01; 128,036.169 120,006,160 140,38s,442 140.382,442 153,052.U29 153,052.835 105,928,612 165,925.612 178,005,057 170,005.057 187,55218 187,585,211 177,053,020 177,052.027 140,200,100 140,300,150 110,301,496 118,301,49f 104N459,390 104,459,390 00.950.720 80.950,nf0 64,520,481 64,528.481 47,757,885 47,757,00 40,410,055 Q0,41',05E 22,005,027 22.005.027 33,201.227 22.21.327 20,521.060 32'521"S'0 31,627,751 31,027.751 30'.500,05 2050000 2Z1214,10 29,314,100 27.872.022 27,872.032 26,215,469 26,215.,4N 23,806.563 23,806.504 21.161.022 21.161.022 3,834,714 3.824.714 81.121.380 84,771,842 88,586,575 92.572.971 96,738,755 101,091,999 105,641,132 110,39400 115,362,764 120,554,000 125.9790023 131,641,079 137,572,242 143.762,993 150,232.328 156,992.783 164,057.458 171,440,044 1790154,846 187,216,814 192,384,303 1054900,01 148,800,013 120,264,613 105,590,251 89.351,.61 65,330,030 40,.860575 41,270.501 34.400,052 33,659.578 32,692.709 31570,661 30281,427 28804,376 27,141,279 25,270,174 23,175,70s 20832,203 3.74,5,859 a v v 0 0 0 56.310.073 0 27.740,030 0 109,654.65 193.792.315 103.711.662 4 Seabrook Station Nuclear Decommissioning Trust Projection of Funding Requirements ro1rMa1 BASE WITH 60% EQUITYr. 60/s/2 TAIL STRATEGY MINIMOM 3.3X CASO-sONO, 2007 CONT. TO ESCROW IFPL)S-YAR FIRST AND RNAL PHASEOUTS 00oc,.o cr0 Taunton Municipal Lighting Plant-End I I r n Cuo triFutio F d Fund 'A Fund 18 F-d 1C Fund 2 Fund 3 Fund 4 Fund 5 Futl 6 F .F../pense1flaaes Total W/i %EoaN Taral Woh Toral W/C EscroW /(. O.Y. F urd 1A F und rB Fu nd 1C Fw d 2 Fr d 3 Fud 4 Funds Fund 6 Esc ro E o-s .cs roc Check Dat 0/3m 1 1 42/12/1 12311 12311 I2/1=1 1 M31/1 12/1/1 M12/15 1 2131,31 1 2131,32 w12/11 M15431 1'M12 I Mina2 12/ 312 I2V31141 IM14/12 1J/4318 12/31G 12/31/3 12/31/3 o 0 o 0 o 0 o 0 o 0 o 0 o 0 o a o 0 o 0 o 0 0 0 a 0 0 0 0 0 o 0 0 0 o 0 0 0 0 0 o o 0 o 0 o o 0 0 o 0 0 0 o 0 o 0 o o o 0 0 o o o o 0 0 0 o 0 0 0 0 9A42 0 121'" 0 13,3 0 13,73 0 14,'14 0 14.5 0 45.0 0 15,45D o tutu1 o 1rat o to,88 o 17onu 0 17,91 D tsar o 10,4%0 19,5O o 19,57 0 20,16 0 20.77 o 21,30 o 12,no 0 0 0 o0 o1 0 o0 o 0 a o o o 0 10,043 ru,42!3,332 03,330 13.732 13,70'14,144 14,144 14,56' 14,5w 15,005 10,001 15t45 10,4ý1 15,919 10,010 16,300 16,39f 10,088 10004 17.305 17,301 17,:17 171 18,4o 4 10,454 I9,00 09,000 19,575 19570 20,166 20,100 20.771 20,771 21t.34 20,300 12,854 12,800 0 a 0 t 0 1 0 1 0 0 0 a 0 C 0 0 C 0 0 1 0 C 10.0%19.8%22.6%I 25.2%27.1%30.0%30.0%W0.0%W0.0%30.0%2M.0%29.0%27.0%250.0 25.0%22. %17.40 05.0%25.0%o.o025.0%25.0%2s.0%25.0%25 0%25.0%25.0%20.0%0 0 021 0 0 '1'0 0 73.0 0 770.0 0 "13 0 0 .1.0 0 0 958 0 0 1,003 o o 1.050 o o 1,137 0 0 ,2 0 0 1,329 o o 1,107 0 0 1,0 0 0 1.550 0 0 10.457 0 0 1 W237 0 0 1.187 0 0 10,383 0 0 44,183 0 0 87.471 0 0 8200,1 0 0 43,000 0 0 44,00 o o 09,410 0 0 0.7417 0 0 55,161 0 0 21,055 0 0 0,053 0 0 5.268 o o 5,4'18 0 0 5, 717 0 0 5.04B o 0 4.431 0 0 17,053 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 0 0 0 0 02 0 014 0 100 0 00,050 0 00,000 0 1704,81 0 1103239 0 871074 o 9 825 O 1O.159 0 110,312 0 11.434 0 11,927 0 12,415 0 13,537 0 16,9"6 o l0,6R o 13,425 o 132,405 0 3 0 00 0 10 0 07 0 78 0 2r 0 27 0 77 0 22 0 49 0 54 0 5B o s5a 0 6 0 67 0 70 0 7n 0 76 0 7,95 0 AA4,28 0 77,.79 0 52.25 0 43,43 0 44,91 0 0 0 21 ,05 0 52 0 5.48 0 5,71, 0 6,.23 0 6,4" 0 6.76 0 5,64 0 4.43 0 38 726 68 742 74: 804 1.1:70 87C 942 94 1,100 1,101 1,293 1,20/1,305 1,301 1,513 1,51/1,637 1,031 1,770 1,770 1.912 1,912 2,220 2,221 2,404 2,424 2.086 2,54e 2,770 2,771 00,540 30,531 177,131 177,131 340.017 340012 30.0938 300093 177.195 177,100 170,000 170.651 239,152 239,152 165,484 165,484 04,218 04.210 74,151 74.151-1,071 210,71 01,022 21.020 n,0868 22,061 23,854 23054 24,949 24,000 250955 25r950 27,074 27,074 20,240 20,200 20,530 20,530 153,47 153,437 330715 33,711 3M 2.205,136 2,205.09E+ -.--+ -n a 3253-4 3253. 0 0 0 578231 0 1257653 0

,IS A9 t.-J10/1/B008 DASE WITH 6N% EQUITY. 6-,026 TAIL NTRATEOY 6NINaUM 38X CASH6BOND, 2007 CONT. TO ESCROW (FPL)-YR FIRST AND FINAL PNASNOUT5 Seabrook Station Nuclear Decommissioning Trust Projection of Funding Requirements Taunton Municipal Lighting Plant ferEnd 12/31/0 12131/11 12/31/14 12/31/38 12/31/31 12/31/32 12/31/14 12/31/31 12/31/A2 12/3/2 1I312 12/31/2 I M :1ý2 1231m I2312 1 2731/21 12/13 1I313 I Min/3 I Min,3 I MinJ I2rwir, I 2aý1QE I12J31/4N 1 2534 12,'3/4 1IrM,74 I V3114e I A .... I E-i... BAIA,,-T-1 IW T-14WIC/i. 70,0 0 18,657 0 19,732 0 20.N71 0 22.076 0 23,31 6 24.701 0 20.129 4 27,640 0 29,240 0 300,07 0 33.765 0 34,642 0 40,152 0 43,713 0 47,544 0 45.020 0 41,557 0 37.0O5 0 31.237 0 22.0N 0 20,780 0 10,221 o 13,92N 0 12.0:.0 12,761 0 0,322 0 5,4"0 0 4.592 0 4,165 0 4.077 0 3,970 0 3.482 O 3,041 0 3.517 0 3,316 0 2,470 0 1,000 0 670 0 40 0 0 0 1,M 0 0 0 2,E 0 0 0 4,1 o o 0 6,3 0 0 0 0,;0 0 0 1 0 24 0 0 0 12.0 4 0 0 15,.0 0 0 IN,4 0 0 0 21,E 0 0 0 23,7 0 0 0 25., 0 0 0 28,1 0 0 0 40,E 0 0 0 33,2 0 4,305 0 34,S 0 0,324 0 30,4 0 15,093 0 37,s 0 21,436 0 44,4 4 20,600 0 30,2 a 24.231 0 29,7 0 21.24M 0 1,2 0 16,241 0 23X 0 18,071 0 19,1 0 14,877 0 0 10,86' 4 0 6,375 0 0,C o 5,355 0 7,2 0 4.859 0 0,1 0 4.755 0 ,,4 0 8,630 0 6,2 0 4,481 0 0,2 0 4.306 0 5,8 0 4,102 0 5,1 0 3,8S 4 5,;0 4.321 4 3,.0 4,594 0 2,E 0 3,110 0 o ,97 a 22,724 22.72-25,426 25.421 28,377 28.37: 31,W01 31,60 35,121 35,12 38,063 3A,96: 43,150 A3,I5l 47,731 47,73 52,737 52,73: 57,560 57,56(n.750 62,75(68,334 Sa,33l 74,340 7A,341 a0.700 80,701 04,23 84,231 87,308 87,36,.0,131 S0,13 01.140 01,148 74,31N 74,311 57,672 S7,6 52.227 52,22: 45,253 45,25: 27.03a 27,631 20,190 20,'IV 20,502 20D.0: 17.222 17,22;15,321 15,62 15,288 15,281 14,887 14,885 14.,108 14,40 13,84, 13,8'A 13,100 13,18/12,437 12,431 10,703 1070: a,957 8.95: 3.7.4 3V721 545 54, 0 294,365 0 D 0 311,324 0 0 0 329,270 0 0 0 388.264 0 0 0 368.364 0 0 0 3890,07 0 0 0 41:.148 0 0 0 435,978 0 0 0 4;1,107 0 0 0 407,000 4 0 515,686 0 0 0 560.365 4 0 0 614,047 0 0 0 669.915 0 0 0 729,320 0 0 0 793,237 0 0 4 751,111 0 123,143 0 693,330 0 2.4,665 0 618,710 0 A31,662 0 526,102 0 019,050 0 409,270 0 810,540 4 393,254 0 704,50o 0 348,179 0 606,339 0 256,200 0 010.412 0 225.214 0 450,427 0 25S.404 0 510.000 0 104,980 0 3090900 0 102,411 0 204,823 o 00,403 0 172.064 0 72,250 0 144,500 0 70,N07 0 141,175 0 B9.,29 0 138,456 0 17..24 0 138,807 0 "4..72 0 129.7.4 0 62,M6 0 124,1S2 0 58,904 0 117,00M 0 44,196 0 132.5E 0 30,516 0 142,410 0 20,318 0 162.544 0 1,746 0 31,424 o 0 0 0 0 0 9,.96 0 24,402 0 40,661 0 50.047 0 79,153 0 101,789 0 126,986 0 134,047 o 186,097 0 231,000 o 241,442 0 203.437 0 207.106 0 312,569 0 330,05 0 357,000 0 373.332 0 388,496 4 802,342 0 405,270 0 350,028 O 2190551 0 255,206 0 225,214 0 0 0 0 102.411 0 86.412 0 72,250 0 70,047 0 69,229 0 67,234 0 04,872 0 62,096 0 50,964 0 44.196 0 34.510 318,018 294.365 348,858 321,219 353,673 353,673 388,924 388,924 427,211 427,211 468,790 468.790 513,938 513.934 562.000 562,060 610,103 616,183 673,960 673,966 7M6.095 730/690 80,007 804,s67 870,124 078,124 957,022 957,022 1,041,040 1,041,040 1,133,182 1,133,182 1,231,338 1,231,330 1,333,327 1,333,327 1,438,875 1,438.875 1,547.624 1,547.,4 1,621.079 1,621.079 1.529,790 1529,790 1,264,009 1,214,08, 8,020,824 1.020,824 Wi0,855 9O0855 766,453 766,453 554,940 554,408 409,045 409,645 345,920 345,929 209a000 200,00 283,539 203,539 2703 18 270,016 208335 204,035 250.400 2500,40 244,303 240,383 235/017 235,617 220,080 220,980 203,443 203,443 182.062 182,.02 33,170 33.170 0 0 702,DS1, 733,694 766,711 801,21;837,26: 874,94 914,311 955,46(998,45.1,043,3W: 1,090,330 1,139,40,7 1,244,25, 1,3C0,261 1,358,76 1,419.90, 1,4034.0 1.55057T 1.620034;1,065.0T, 1,562.12Z 1,287.93 1.040.88'M13.871 773.33: 565,43: 423,11(357.11K 298,4W0 291,32 282,95ý273.24C 262,08L 249,M0 234,GO1 218.71" 200.58, 180,30 32,422 rotal 0 0 0 769.336 0 233.651 0 582.4 1,58S.2- 1.585-!8