ML112380020
| ML112380020 | |
| Person / Time | |
|---|---|
| Site: | Vogtle  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112380020 (3) | |
Text
Datasheet 1 Plant name: Vogtle (Alvin W.) Nuclear Plant, Unit 2 Docket Number: 50-425 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $459,684,000 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:
Georgia Power Company 45.70% 1 $107,725,000 Oglethorpe Power Corporation 30.00% 1 $48,598,400 Municipal Electric Authority 22.70% 1 $76,299,281 Dalton Utilities 1.60% 1 $8,742,401 Total Trust Fund Balance $241,365,082 3 Schedule of the annual amounts remaining to be collected: (provided/none) none 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Allowed through Decom Return on Escalation Rate Other Verified Needed Verified through Determined of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) variable1 variable1 variable1 N N Y N N N2 5 Any contracts upon which the licensee is relying? (Y/N) Y3 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) Y4 If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission (See "Notes" for additional comments).
2 Rates for Oglethorpe could not be determined based upon submitted information.
2 Municipal Electric Authority is relying upon a PPA, which was included in the Attachments 2 & 3 of the DFS report.
3 Oglethorpe Power Corporation executed a revised Trust Agreement in August 2010, which was provided to the NRC in March 2010 (ML101090080).
Signature: Michael Purdie, Jo Ann Simpson Date: 07/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: Kosmas Lois, 8/5/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Vogtle (Alvin W.) Nuclear Plant, Unit 2 Docket Number: 50-425 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 2 9 2049 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3625 $105,000,000 112.8 1.98 0.65 2.23 1.675 191.3 114.2 3.074 252.1 82.0 0.13 2.263 0.22 12.28 NRC Minimum: $466,987,774 Site Specific:
Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Georgia Power Company 45.70% 1 $213,413,413 $107,725,000 Oglethorpe Power Corporation 30.00% 1 $140,096,332 $48,598,400 Municipal Electric Authority 22.70% 1 $106,006,225 $76,299,281 Dalton Utilities 1.60% 1 $7,471,804 $8,742,401 Total Fund Balance: $241,365,082 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$241,365,082 2% 38.11 $513,329,193 YES Step 2:
Accumulation:
Real Rate of Return Number of Annual Value of Annuity per year (amount/See Annuity 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% 38.11 $0 Total Step 1 + Step 2 Does Licensee Pass:
$513,329,193 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$513,329,193 2% 7 $38,162,347 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$551,491,540 YES NO Signature: Michael Purdie, Jo Ann Simpson Date: 07/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: Kosmas Lois, 8/5/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Vogtle (Alvin W.) Nuclear Plant, Unit 2 Docket Number: 50-425 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 2 9 2049 If licensee is granted greater than 2% RRR Step 4:
Earnings Credit:
Real Rate Years Left Owner Trust Fund Balance: of Return in License Total Earnings: Does Licensee Pass:
Georgia Power Company $107,725,000 2.00% 38.11 $513,329,193 YES Oglethorpe Power Corporation $48,598,400 2.00%
Municipal Electric Authority $76,299,281 2.00%
Dalton Utilities $8,742,401 2.00%
Step 5:
Accumulation:
Real Rate of Return Number of Annual Value of Annuity per year per year Payments: Total Annuity:
$0 0.00% 0 #DIV/0!
Real Rate of Return Years remaining after Total Annuity per year annuity Total Step 5
$0 0.00% 38.11 $0 Total Step 4 + Step 5 Does Licensee Pass:
$513,329,193 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$513,329,193 2.00% 7 $38,162,347 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$551,491,540 YES NO Signature: Michael Purdie, Jo Ann Simpson Date: 07/18/2011 Spreadsheet created by: Aaron Szabo, Shawn Harwell Secondary Review: Kosmas Lois, 8/5/2011 Formulas verified by: Clayton Pittiglio