ML112351256
| ML112351256 | |
| Person / Time | |
|---|---|
| Site: | Catawba  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112351256 (5) | |
Text
Datasheet 1 Plant name: Catawba Nuclear Station, Unit 1 Docket Number: 50-413 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:
North Carolina Municipal Power Agency 1 37.50% 1 $129,035,874 North Carolina Electric Membership Corporation 30.754% 1 $67,484,121 Duke Energy Carolinas, LLC 19.246% 1 $57,872,625 Piedmont Municipal Power Agency 12.50% 1 $27,763,958 Total Trust Fund Balance $282,156,578 3 Schedule of the annual amounts remaining to be collected: (provided/none) Provided 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Allowed through Decom Return on Escalation Rate Other Verified Needed Verified through Determined of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) variable1 variable1 variable1 N N Y N Y Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) N 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 Rates provided are variable because the rates are not consistent throughout the licensee(s) and/or years of operation/decommission.
Signature: Michael Purdie/JoAnn Simpson Date: 07/20/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 8/18/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Catawba Nuclear Station, Unit 1 Docket Number: 50-413 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 12 5 2043 Latest Latest BWR/PWR MWth 1986$ 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:
North Carolina Municipal Power Agency 1 37.50% 1 $175,067,957 $129,035,874 North Carolina Electric Membership Corporation 30.75% 1 $143,574,399 $67,484,121 Duke Energy Carolinas, LLC 19.25% 1 $89,849,544 $57,872,625 Piedmont Municipal Power Agency 12.50% 1 $58,355,986 $27,763,958 Total Fund Balance: $282,156,578 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$282,156,578 2% 32.93 $541,605,708 YES 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 $198,082,768 Total Step 1 + Step 2 Does Licensee Pass:
$739,688,476 YES Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$739,688,476 2% 7 $54,990,537 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$794,679,014 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: Catawba Nuclear Station, Unit 1 Docket Number: 50-413 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 12 5 2043 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:
$282,156,578 2.00% 32.93 $541,605,708 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 $198,082,768 Total Step 4 + Step 5 Does Licensee Pass:
$739,688,476 YES Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$739,688,476 2.00% 7 $54,990,537 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$794,679,013 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: 12 5 2043 Real Rate of Year Annuity: Return: Total Accumulation 2011 $3,984,023 2% $7,647,661 2012 $3,984,023 2% $7,497,707 2013 $3,984,023 2% $7,350,693 2014 $3,984,023 2% $7,206,562 2015 $3,984,023 2% $7,065,257 2016 $3,984,023 2% $6,926,722 2017 $3,984,023 2% $6,790,904 2018 $3,984,023 2% $6,657,749 2019 $3,984,023 2% $6,527,205 2020 $3,984,023 2% $6,399,221 2021 $3,984,023 2% $6,273,746 2022 $3,984,023 2% $6,150,731 2023 $3,984,023 2% $6,030,129 2024 $3,984,023 2% $5,911,891 2025 $3,984,023 2% $5,795,971 2026 $3,984,023 2% $5,682,325 2027 $3,984,023 2% $5,570,907 2028 $3,984,023 2% $5,461,673 2029 $3,984,023 2% $5,354,582 2030 $3,984,023 2% $5,249,590 2031 $3,984,023 2% $5,146,657 2032 $3,984,023 2% $5,045,742 2033 $3,546,523 2% $4,403,579 2034 $21,347,947 2% $25,987,169 2035 $3,546,523 2% $4,232,583 2036 $3,546,523 2% $4,149,591 2037 $3,546,523 2% $4,068,226 2038 $3,546,523 2% $3,988,457 2039 $2,548,582 2% $2,809,963 2040 $2,548,582 2% $2,754,866 2041 $2,548,582 2% $2,700,849 2042 $2,548,582 2% $2,647,891 2043 $2,548,582 2% $2,595,971 Total: $198,082,768 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: 12 5 2043 If licensee is granted greater than 2% RRR Real Rate of Year Annuity: Return: Total Accumulation 2011 $3,984,023 2.00% $7,647,661 2012 $3,984,023 2.00% $7,497,707 2013 $3,984,023 2.00% $7,350,693 2014 $3,984,023 2.00% $7,206,562 2015 $3,984,023 2.00% $7,065,257 2016 $3,984,023 2.00% $6,926,722 2017 $3,984,023 2.00% $6,790,904 2018 $3,984,023 2.00% $6,657,749 2019 $3,984,023 2.00% $6,527,205 2020 $3,984,023 2.00% $6,399,221 2021 $3,984,023 2.00% $6,273,746 2022 $3,984,023 2.00% $6,150,731 2023 $3,984,023 2.00% $6,030,129 2024 $3,984,023 2.00% $5,911,891 2025 $3,984,023 2.00% $5,795,971 2026 $3,984,023 2.00% $5,682,325 2027 $3,984,023 2.00% $5,570,907 2028 $3,984,023 2.00% $5,461,673 2029 $3,984,023 2.00% $5,354,582 2030 $3,984,023 2.00% $5,249,590 2031 $3,984,023 2.00% $5,146,657 2032 $3,984,023 2.00% $5,045,742 2033 $3,546,523 2.00% $4,403,579 2034 $21,347,947 2.00% $25,987,169 2035 $3,546,523 2.00% $4,232,583 2036 $3,546,523 2.00% $4,149,591 2037 $3,546,523 2.00% $4,068,226 2038 $3,546,523 2.00% $3,988,457 2039 $2,548,582 2.00% $2,809,963 2040 $2,548,582 2.00% $2,754,866 2041 $2,548,582 2.00% $2,700,849 2042 $2,548,582 2.00% $2,647,891 2043 $2,548,582 2.00% $2,595,971 Total: $198,082,768 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