ML112370138

2010 DFS Report Analysis for McGuire (William B.) Nuclear Station, Unit 1

ML112370138
Person / Time
Site:	McGuire
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112370138 (5)

Text

Datasheet 1 Plant name: McGuire (William B.) Nuclear Station, Unit 1 Docket Number: 50-369 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $466,987,774 Did the licensee identify the amount of estimated radiological funds? (Y/N) Y 2 The total amount of dollars accumulated at the end of the appropriate year: (see below)

Licensee:  % Owned: Category: Amount in Trust Fund:

Duke Energy Carolinas, LLC 100.00% 1 $275,388,309 Total Trust Fund Balance $275,388,309 3 Schedule of the annual amounts remaining to be collected: (provided/none) provided 4 Assumptions 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)

Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Allowed through Return on Escalation Rate Other Verified Needed Verified through Determined of Return Decom (Y/N)

Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) variable1 4.00% variable1 N N Y N Y Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) 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) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: McGuire (William B.) Nuclear Station, Unit 1 Docket Number: 50-369 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 6 12 2041 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3411 $105,000,000 112.8 1.98 0.65 2.23 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.253 0.22 12.28 NRC Minimum: $466,847,886 Site Specific:

Amount of NRC Minimum/Site Licensee:  % Owned: Category Specific: Amount in Trust Fund:

Duke Energy Carolinas, LLC 100.00% 1 $466,847,886 $275,388,309 Total Fund Balance: $275,388,309 Step 1:

Earnings Credit:

Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:

$275,388,309 2% 30.45 $503,272,335 YES Step 2:

Accumulation:

Value of Annuity per year Real Rate of Return Number of Annual (amount/See Annuity Sheet) per year Payments: Total Annuity:

See Annuity Sheet See Annuity Sheet See Total Step 2 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:

See Total Step 2 See Annuity Sheet N/A $286,921,498 Total Step 1 + Step 2 Does Licensee Pass:

$790,193,833 YES Step 3:

Decom Period:

Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:

$790,193,833 2% 7 $58,745,249 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$848,939,081 YES NO Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: McGuire (William B.) Nuclear Station, Unit 1 Docket Number: 50-369 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 6 12 2041 If licensee is granted greater than 2% RRR Step 4:

Earnings Credit:

Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:

$275,388,309 2.00% 30.45 $503,272,335 YES Step 5:

Accumulation:

Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:

See Annuity Sheet See Annuity Sheet 0 See Total Step 4 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5 See Total Step 4 See Annuity Sheet N/A $286,921,498 Total Step 4 + Step 5 Does Licensee Pass:

$790,193,833 YES Step 6:

Decom Period:

Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:

$790,193,833 2.00% 7 $58,745,249 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$848,939,081 YES NO Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 6 12 2041 Real Rate of Total Year Annuity: Return: Accumulation 2011 $7,649,645 2% $13,980,174 2012 $7,649,645 2% $13,706,053 2013 $7,649,645 2% $13,437,307 2014 $7,649,645 2% $13,173,830 2015 $7,649,645 2% $12,915,520 2016 $7,649,645 2% $12,662,275 2017 $7,649,645 2% $12,413,995 2018 $7,649,645 2% $12,170,583 2019 $7,649,645 2% $11,931,944 2020 $7,649,645 2% $11,697,984 2021 $7,649,645 2% $11,468,612 2022 $7,649,645 2% $11,243,737 2023 $7,649,645 2% $11,023,272 2024 $7,649,645 2% $10,807,129 2025 $7,649,645 2% $10,595,225 2026 $7,649,645 2% $10,387,475 2027 $7,649,645 2% $10,183,799 2028 $7,649,645 2% $9,984,117 2029 $7,649,645 2% $9,788,350 2030 $7,649,645 2% $9,596,422 2031 $7,649,645 2% $9,408,256 2032 $7,649,645 2% $9,223,781 2033 $7,649,645 2% $9,042,922 2034 $7,649,645 2% $8,865,610 2035 $7,649,645 2% $8,691,775 2036 $7,649,645 2% $8,521,348 Total: $286,921,498 Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 ANNUITY Termination of Operations: 6 12 2041 If licensee is granted greater than 2% RRR Real Rate of Total Year Annuity: Return: Accumulation 2011 $7,649,645 2.00% $13,980,174 2012 $7,649,645 2.00% $13,706,053 2013 $7,649,645 2.00% $13,437,307 2014 $7,649,645 2.00% $13,173,830 2015 $7,649,645 2.00% $12,915,520 2016 $7,649,645 2.00% $12,662,275 2017 $7,649,645 2.00% $12,413,995 2018 $7,649,645 2.00% $12,170,583 2019 $7,649,645 2.00% $11,931,944 2020 $7,649,645 2.00% $11,697,984 2021 $7,649,645 2.00% $11,468,612 2022 $7,649,645 2.00% $11,243,737 2023 $7,649,645 2.00% $11,023,272 2024 $7,649,645 2.00% $10,807,129 2025 $7,649,645 2.00% $10,595,225 2026 $7,649,645 2.00% $10,387,475 2027 $7,649,645 2.00% $10,183,799 2028 $7,649,645 2.00% $9,984,117 2029 $7,649,645 2.00% $9,788,350 2030 $7,649,645 2.00% $9,596,422 2031 $7,649,645 2.00% $9,408,256 2032 $7,649,645 2.00% $9,223,781 2033 $7,649,645 2.00% $9,042,922 2034 $7,649,645 2.00% $8,865,610 2035 $7,649,645 2.00% $8,691,775 2036 $7,649,645 2.00% $8,521,348 Total: $286,921,498 Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio