ML112370020

2010 DFS Report Analysis for Hope Creek Nuclear Power Station

ML112370020
Person / Time
Site:	Hope Creek
Issue date:	11/14/2011
From:	Szabo A Division of Inspection and Regional Support
To:
Szabo, A L, NRR/DPR, 415-1985
References
Download: ML112370020 (5)

Text

Datasheet 1 Plant name: Hope Creek Nuclear Power Station Docket Number: 50-354 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $628,450,000 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:

PSEG Nuclear 100.00% 2 $390,030,000 Total Trust Fund Balance $390,030,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) none 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 Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)

Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 2.00%

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) Y1 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 As of December 21, 2010, PSEG Nuclear has prepaid its nuclear decommissioning liability Signature: Michael Purdie and Jo Ann Simpson Date: 04/06/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 9/21/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Hope Creek Nuclear Power Station Docket Number: 50-354 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 4 11 2026 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx BWR 3840 $135,000,000 113.6 2.16 0.65 2.45 1.676 191.4 114.2 3.049 250.0 82.0 0.13 2.307 0.22 12.54 NRC Minimum: $628,251,763 Site Specific:

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

PSEG Nuclear 100.00% 2 $628,251,763 $390,030,000 Total Fund Balance: $390,030,000 Step 1:

Earnings Credit:

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

$390,030,000 2% 15.28 $527,832,432 NO Step 2:

Accumulation:

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

2% $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 2:

$0 2% 15.28 $0 Total Step 1 + Step 2 Does Licensee Pass:

$527,832,432 NO Step 3:

Decom Period:

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

$527,832,432 2% 7 $39,240,559 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:

$567,072,990 NO ($61,178,773)

Signature: Michael Purdie and Jo Ann Simpson Date: 04/06/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 9/21/2011 Formulas verified by: Clayton Pittiglio

Datasheet 2 Plant name: Hope Creek Nuclear Power Station Docket Number: 50-354 Month: Day Year:

Date of Operation: 12 31 2010 Termination of Operations: 4 11 2026 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:

$390,030,000 2.00% 15.28 $527,832,432 NO Step 5:

Accumulation:

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

$0 2.00% 0 $0 Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5

$0 2.00% 15.28 $0 Total Step 4 + Step 5 Does Licensee Pass:

$527,832,432 NO Step 6:

Decom Period:

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

$527,832,432 2.00% 7 $39,240,559 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:

$567,072,990 NO ($61,178,773)

Signature: Michael Purdie and Jo Ann Simpson Date: 04/06/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 9/21/2011 Formulas verified by: Clayton Pittiglio

SAFSTOR ANALYSIS Name of Unit: Hope Creek Nuclear Power Station Name of Licensee: PSEG Operations Termination Date: 4 11 2026 End of Operations Balance: $540,374,931 Real Rate of Return: 2.00%

Beginning Trust Expense Per Year Real Rate of End of Year Trust Year Spent Fuel Fund Balance Plant Return Fund Balance 2026 $540,374,931 $7,800,000 N/A 2.00% $543,304,430 2027 $543,304,430 $45,100,000 N/A 2.00% $508,619,518 2028 $508,619,518 $19,100,000 N/A 2.00% $499,500,909 2029 $499,500,909 $2,600,000 N/A 2.00% $506,864,927 2030 $506,864,927 $2,600,000 N/A 2.00% $514,376,225 2031 $514,376,225 $2,600,000 N/A 2.00% $522,037,750 2032 $522,037,750 $2,600,000 N/A 2.00% $529,852,505 2033 $529,852,505 $2,600,000 N/A 2.00% $537,823,555 2034 $537,823,555 $2,600,000 N/A 2.00% $545,954,026 2035 $545,954,026 $2,600,000 N/A 2.00% $554,247,106 2036 $554,247,106 $2,600,000 N/A 2.00% $562,706,049 2037 $562,706,049 $2,600,000 N/A 2.00% $571,334,170 2038 $571,334,170 $2,600,000 N/A 2.00% $580,134,853 2039 $580,134,853 $2,600,000 N/A 2.00% $589,111,550 2040 $589,111,550 $2,600,000 N/A 2.00% $598,267,781 2041 $598,267,781 $2,600,000 N/A 2.00% $607,607,137 2042 $607,607,137 $2,600,000 N/A 2.00% $617,133,279 2043 $617,133,279 $2,600,000 N/A 2.00% $626,849,945 2044 $626,849,945 $2,600,000 N/A 2.00% $636,760,944 2045 $636,760,944 $2,600,000 N/A 2.00% $646,870,163 2046 $646,870,163 $2,600,000 N/A 2.00% $657,181,566 2047 $657,181,566 $2,600,000 N/A 2.00% $667,699,197 2048 $667,699,197 $2,600,000 N/A 2.00% $678,427,181 2049 $678,427,181 $2,600,000 N/A 2.00% $689,369,725 2050 $689,369,725 $2,600,000 N/A 2.00% $700,531,119 2051 $700,531,119 $2,600,000 N/A 2.00% $711,915,742 Signature: Aaron L. Szabo Date: 9/21/2011

SAFSTOR ANALYSIS Name of Unit: Hope Creek Nuclear Power Station Name of Licensee: PSEG Operations Termination Date: 4 11 2026 End of Operations Balance: $540,374,931 Real Rate of Return: 2.00%

Beginning Trust Expense Per Year Real Rate of End of Year Trust Year Spent Fuel Fund Balance Plant Return Fund Balance 2052 $711,915,742 $2,600,000 N/A 2.00% $723,528,057 2053 $723,528,057 $2,600,000 N/A 2.00% $735,372,618 2054 $735,372,618 $2,600,000 N/A 2.00% $747,454,070 2055 $747,454,070 $2,600,000 N/A 2.00% $759,777,152 2056 $759,777,152 $2,600,000 N/A 2.00% $772,346,695 2057 $772,346,695 $2,600,000 N/A 2.00% $785,167,628 2058 $785,167,628 $2,600,000 N/A 2.00% $798,244,981 2059 $798,244,981 $2,600,000 N/A 2.00% $811,583,881 2060 $811,583,881 $2,600,000 N/A 2.00% $825,189,558 2061 $825,189,558 $2,600,000 N/A 2.00% $839,067,349 2062 $839,067,349 $2,600,000 N/A 2.00% $853,222,696 2063 $853,222,696 $2,600,000 N/A 2.00% $867,661,150 2064 $867,661,150 $2,600,000 N/A 2.00% $882,388,373 2065 $882,388,373 $2,600,000 N/A 2.00% $897,410,141 2066 $897,410,141 $2,600,000 N/A 2.00% $912,732,344 2067 $912,732,344 $2,600,000 N/A 2.00% $928,360,991 2068 $928,360,991 $2,600,000 N/A 2.00% $944,302,210 2069 $944,302,210 $43,600,000 N/A 2.00% $919,152,255 2070 $919,152,255 $87,100,000 N/A 2.00% $849,564,300 2071 $849,564,300 $130,700,000 N/A 2.00% $734,548,586 2072 $734,548,586 $217,800,000 N/A 2.00% $529,261,557 2073 $529,261,557 $174,200,000 N/A 2.00% $363,904,788 2074 $363,904,788 $130,700,000 N/A 2.00% $239,175,884 2075 $239,175,884 $87,100,000 N/A 2.00% $155,988,402 Signature: Aaron L. Szabo Date: 9/21/2011