ML112371905
| ML112371905 | |
| Person / Time | |
|---|---|
| Site: | Sequoyah  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112371905 (5) | |
Text
Datasheet 1 Plant name: Sequoyah Nuclear Plant, Unit 1 Docket Number: 50-327 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $467,000,000 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:
TVA 100.00% 1 $227,450,000 Total Trust Fund Balance $227,450,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Escalation Real Rate Allowed through Decom Return on Other Verified Needed Verified through Determined Rate of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 9.00% 4.00% 5.00% N Y Y Y Y Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below)
Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/7/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Sequoyah Nuclear Plant, Unit 1 Docket Number: 50-327 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 9 17 2020 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 3455 $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:
TVA 100.00% 1 $466,847,886 $227,450,000 Total Fund Balance: $227,450,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$227,450,000 2% 9.71 $275,681,578 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:
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 $98,838,709 Total Step 1 + Step 2 Does Licensee Pass:
$374,520,287 NO Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$374,520,287 2% 7 $27,842,899 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$402,363,187 NO ($64,484,699)
Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/7/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Sequoyah Nuclear Plant, Unit 1 Docket Number: 50-327 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 9 17 2020 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:
$227,450,000 5.00% 9.71 $365,316,146 NO 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 $115,907,352 Total Step 4 + Step 5 Does Licensee Pass:
$481,223,498 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$481,223,498 5.00% 7 $97,953,145 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$579,176,642 YES NO Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/7/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 9 17 2020 Real Rate Total Year Annuity: of Return: Accumulation 2011 $8,900,000 2% $10,787,618 2012 $8,900,000 2% $10,576,096 2013 $8,900,000 2% $10,368,722 2014 $8,900,000 2% $10,165,413 2015 $8,900,000 2% $9,966,091 2016 $8,900,000 2% $9,770,678 2017 $8,900,000 2% $9,579,096 2018 $8,900,000 2% $9,391,271 2019 $8,900,000 2% $9,207,128 2020 $8,900,000 2% $9,026,596 Total: $98,838,709 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/7/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 ANNUITY Termination of Operations: 9 17 2020 If licensee is granted greater than 2% RRR Real Rate Total Year Annuity: of Return: Accumulation 2011 $8,900,000 5.00% $14,295,745 2012 $8,900,000 5.00% $13,614,995 2013 $8,900,000 5.00% $12,966,662 2014 $8,900,000 5.00% $12,349,202 2015 $8,900,000 5.00% $11,761,145 2016 $8,900,000 5.00% $11,201,090 2017 $8,900,000 5.00% $10,667,705 2018 $8,900,000 5.00% $10,159,719 2019 $8,900,000 5.00% $9,675,923 2020 $8,900,000 5.00% $9,215,165 Total: $115,907,352 Signature: Shawn W. Harwell Date: 6/29/11 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/7/2011 Formulas verified by: Clayton Pittiglio