ML112370156
| ML112370156 | |
| Person / Time | |
|---|---|
| Site: | North Anna  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112370156 (5) | |
Text
Datasheet 1Signature: JoAnn SimpsonDate: 07/12/2011 Secondary Check: Kosmas Lois Signature: 7/26/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 1 2% Owned: 1Category:89.26%110.74%1 3 4variable 2variable 2 variable 2 N N Y N N Y 5 6Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) 7$34,830,000NoneDid the licensee identify the amount of estimated radiological funds? (Y/N)Escalation RateAllowed through Decom (Y/N)
YLicensee:Amount in Trust Fund:Old Dominion Electric CooperativeVirginia Electric and Power CompanyPlant name:North Anna Power Station, Unit 250-339Docket Number:The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c):$450,040,000The total amount of dollars accumulated at the end of the appropriate year: (see below)
Y 3Assumptions 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$244,530,000Real Rate of ReturnPUC Verified (Y/N)RAI Needed (Y/N)PUC Verified (Y/N)3 ODEC has wholesale power contracts with 11 member distribution cooperatives. For NRC reference, ODEC has attached its Second Amended and Restated Wholesale Power Contract with A&N Electric Cooperative.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)$209,700,000 1 Old Dominion ownes 11.6% of North Anna Power Station, but is only responsible for 10.74% of the decommissioning funding obligation.
2 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommissionPost-RAIRates Determined (Y/N)Total Trust Fund Balance NAny material changes to trust agreements? (Y/N)
N Datasheet 2Signature: JoAnn SimpsonDate: 07/12/2011 Secondary Check: Kosmas Lois Signature: 7/26/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 8PWR 2940$100,872,000112.81.980.652.231.676191.4114.23.049250.082.00.132.2530.2212.28% Owned:Category89.26%110.74%1 2%29.64See Annuity SheetSee Annuity Sheet 2%7$483,699,781 NOShortfall:YESDoes Licensee Pass:Does Licensee Pass:YESTotal of Steps 1 thru 3:See Annuity SheetNumber of Annual Payments:Accumulation:Step 2:Earnings Credit:$244,530,000Decom Period:See Total Step 2Total AnnuityReal Rate of Return per yearTotal Fund Balance:$244,530,000Total Step 1 + Step 2$450,228,518$33,471,264Total Earnings for Decom:Decom Period:Total Earnings:Real Rate of Return per yearLatest Month PxAmount of NRC Minimum/Site Specific:BWR/PWRMWthVirginia Electric and Power CompanyOld Dominion Electric Cooperative$48,168,266Total Annuity:Step 3:$34,830,000$209,700,000Amount in Trust Fund:$10,449,043Total Earnings:$439,779,474Real Rate of Return per year FxSite Specific:Total Step 2:Years Left in LicenseN/AReal Rate of Return per yearDoes Licensee Pass:
NOSee Total Step 2$450,228,518Years remaining after annuity Px50-3392131Termination of Operations:2040 1986$DayBase FxPlant name:Value of Annuity per year (amount/See Annuity Sheet)Licensee:$400,325,829NRC Minimum:$448,494,095Trust Fund Balance:Step 1: Bx Ex LxECIBase LxBase Px2010Year:North Anna Power Station, Unit 2Docket Number:Date of Operation:Latest Month Fx Datasheet 2Signature: JoAnn SimpsonDate: 07/12/2011 Secondary Check: Kosmas Lois Signature: 7/26/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton PittiglioMonth:12 850-3392131Termination of Operations:2040DayPlant name:2010Year:North Anna Power Station, Unit 2Docket Number:Date of Operation:OwnerVirginia Electric Power Company2.00%29.64Old Dominion3.36%See Annuity SheetSee Annuity Sheet2.00%7Does Licensee Pass:$209,700,000$469,923,366YES$34,830,000Value of Annuity per yearTotal Annuity:Number of Annual Payments:Step 5:If licensee is granted greater than 2% RRRYears Left in LicenseTrust Fund Balance:Total Earnings:YES$35,712,246Total Step 5Total of Steps 4 thru 6:$516,084,655Does Licensee Pass:Total Earnings:N/A 0$480,372,409See Annuity Sheet
$0Decom Period:Step 6:$480,372,409
$0Does Licensee Pass:Real Rate of Return per yearYESTotal Step 4 + Step 5Total Earnings for Decom:Decom Period:Total AnnuityReal Rate of Return Real Rate of Return per yearAccumulation:Shortfall:
NOReal Rate of Return per yearYears remaining after annuity$10,449,043Earnings Credit:Step 4:
Datasheet 2Signature: JoAnn SimpsonDate: 07/12/2011 Secondary Check: Kosmas Lois Signature: 7/26/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 8 21 2040YearAnnuity: 2011$254,320 2%$457,401 2012$254,320 2%$448,432 2013$254,320 2%$439,640 2014$254,320 2%$431,019 2015$254,320 2%$422,568 2016$254,320 2%$414,282 2017$254,320 2%$406,159 2018$254,320 2%$398,195 2019$254,320 2%$390,387 2020$254,320 2%$382,733 2021$254,320 2%$375,228 2022$254,320 2%$367,871 2023$254,320 2%$360,658 2024$254,320 2%$353,586 2025$254,320 2%$346,653 2026$254,320 2%$339,856 2027$254,320 2%$333,192 2028$254,320 2%$326,659 2029$254,320 2%$320,254 2030$254,320 2%$313,974 2031$254,320 2%$307,818 2032$254,320 2%$301,782 2033$254,320 2%$295,865 2034$254,320 2%$290,064 2035$254,320 2%$284,376 2036$254,320 2%$278,800 2037$254,320 2%$273,333 2038$254,320 2%$267,974 2039$254,320 2%$262,719 2040$254,320 2%$257,568Total:$10,449,043ANNUITYTotal AccumulationTermination of Operations:Real Rate of Return:
Datasheet 2Signature: JoAnn SimpsonDate: 07/12/2011 Secondary Check: Kosmas Lois Signature: 7/26/2011Spreadsheet created by: Aaron Szabo, Shawn HarwellFormulas verified by: Clayton Pittiglio 8 21 2040ANNUITYTermination of Operations:YearAnnuity: 2011$254,3202.00%$457,401 2012$254,3202.00%$448,432 2013$254,3202.00%$439,640 2014$254,3202.00%$431,019 2015$254,3202.00%$422,568 2016$254,3202.00%$414,282 2017$254,3202.00%$406,159 2018$254,3202.00%$398,195 2019$254,3202.00%$390,387 2020$254,3202.00%$382,733 2021$254,3202.00%$375,228 2022$254,3202.00%$367,871 2023$254,3202.00%$360,658 2024$254,3202.00%$353,586 2025$254,3202.00%$346,653 2026$254,3202.00%$339,856 2027$254,3202.00%$333,192 2028$254,3202.00%$326,659 2029$254,3202.00%$320,254 2030$254,3202.00%$313,974 2031$254,3202.00%$307,818 2032$254,3202.00%$301,782 2033$254,3202.00%$295,865 2034$254,3202.00%$290,064 2035$254,3202.00%$284,376 2036$254,3202.00%$278,800 2037$254,3202.00%$273,333 2038$254,3202.00%$267,974 2039$254,3202.00%$262,719 2040$254,3202.00%$257,568Total:$10,449,043If licensee is granted greater than 2% RRRReal Rate of Return:Total Accumulation