ML112351252
| ML112351252 | |
| Person / Time | |
|---|---|
| Site: | Calvert Cliffs  |
| Issue date: | 11/14/2011 |
| From: | Szabo A Division of Inspection and Regional Support |
| To: | |
| Szabo, A L, NRR/DPR, 415-1985 | |
| References | |
| Download: ML112351252 (5) | |
Text
Datasheet 1 Plant name: Calvert Cliffs Nuclear Power Plant, Unit 2 Docket Number: 50-318 1 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.75(b) & (c): $439,553,000 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:
Constellation Energy Nuclear Group 100.00% 2 $271,474,000 Total Trust Fund Balance $271,474,000 3 Schedule of the annual amounts remaining to be collected: (provided/none) None 4 Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)
Post-RAI Rate of Rate(s) of PUC RAI PUC Allowed Rates Real Rate Allowed through Decom Return on Escalation Rate Other Verified Needed Verified through Determined of Return (Y/N)
Earnings Factors (Y/N) (Y/N) (Y/N) Decom (Y/N) (Y/N) 6.00% 4.00% 2.00% N N Y N Y Y 5 Any contracts upon which the licensee is relying? (Y/N) N 6 Any modifications to a licensee's method of providing decommissioning funding assurance? (Y/N) Y1 7 Any material changes to trust agreements? (Y/N) N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below) 1 CENG has decided to start using a site-specific cost estimate Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/11/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Calvert Cliffs Nuclear Power Plant, Unit 2 Docket Number: 50-318 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 8 13 2036 Latest Latest BWR/PWR MWth 1986$ ECI Base Lx Lx Px Base Px Fx Base Fx Ex Bx Month Px Month Fx PWR 2737 $99,085,600 112.8 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: $440,551,456 Site Specific: $601,447,000 Amount of NRC Minimum/Site Licensee: % Owned: Category Specific: Amount in Trust Fund:
Constellation Energy Nuclear Group 100.00% 2 $601,447,000 $271,474,000 Total Fund Balance: $271,474,000 Step 1:
Earnings Credit:
Real Rate of Return Years Left Trust Fund Balance: per year in License Total Earnings: Does Licensee Pass:
$271,474,000 2% 25.62 $450,860,165 NO Step 2:
Accumulation:
Value of Annuity per year (amount/See Real Rate of Return Number of Annual 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% 25.62 $0 Total Step 1 + Step 2 Does Licensee Pass:
$450,860,165 NO Step 3:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$450,860,165 2% 7 $33,518,222 Total of Steps 1 thru 3: Does Licensee Pass: Shortfall:
$484,378,388 NO ($117,068,612)
Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/11/2011 Formulas verified by: Clayton Pittiglio
Datasheet 2 Plant name: Calvert Cliffs Nuclear Power Plant, Unit 2 Docket Number: 50-318 Month: Day Year:
Date of Operation: 12 31 2010 Termination of Operations: 8 13 2036 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:
$271,474,000 2.00% 25.62 $450,860,165 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% 25.62 $0 Total Step 4 + Step 5 Does Licensee Pass:
$450,860,165 NO Step 6:
Decom Period:
Real Rate of Return Decom Total Earnings for Total Earnings: per year Period: Decom:
$450,860,165 2.00% 7 $33,518,222 Total of Steps 4 thru 6: Does Licensee Pass: Shortfall:
$484,378,388 NO ($117,068,612)
Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo, Shawn Harwell Date: 7/11/2011 Formulas verified by: Clayton Pittiglio
SAFSTOR ANALYSIS Name of Unit: Calvert Cliffs Nuclear Power Plant, Unit 2 Name of Licensee: Constellation Energy Nuclear Group Date of Termination of Operations 8 13 2036 End of Operations Balance: $450,860,165 Operating Life Real Rate of Return: 2.00%
Decommissioning Real Rate of Return: 2.00%
Beginning Trust Expense Per Year End of Year Trust Year Contributions Real Rate of Return Fund Balance Plant Spent Fuel Fund Balance 2034 $405,245,845 $5,413,000 N/A 2.00% $407,883,632 2035 $407,883,632 $7,680,000 N/A 2.00% $408,284,504 2036 $408,284,504 $23,068,000 N/A 2.00% $393,151,514 2037 $393,151,514 $45,083,000 N/A 2.00% $355,480,715 2038 $355,480,715 $3,616,000 N/A 2.00% $358,938,169 2039 $358,938,169 $3,616,000 N/A 2.00% $362,464,772 2040 $362,464,772 $3,616,000 N/A 2.00% $366,061,908 2041 $366,061,908 $9,248,000 N/A 2.00% $364,042,666 2042 $364,042,666 $11,053,000 N/A 2.00% $360,159,989 2043 $360,159,989 $2,570,000 N/A 2.00% $364,767,489 2044 $364,767,489 $2,570,000 N/A 2.00% $369,467,139 2045 $369,467,139 $2,570,000 N/A 2.00% $374,260,781 2046 $374,260,781 $2,570,000 N/A 2.00% $379,150,297 2047 $379,150,297 $2,570,000 N/A 2.00% $384,137,603 2048 $384,137,603 $2,570,000 N/A 2.00% $389,224,655 2049 $389,224,655 $2,570,000 N/A 2.00% $394,413,448 2050 $394,413,448 $2,570,000 N/A 2.00% $399,706,017 2051 $399,706,017 $2,570,000 N/A 2.00% $405,104,437 2052 $405,104,437 $2,570,000 N/A 2.00% $410,610,826 2053 $410,610,826 $2,570,000 N/A 2.00% $416,227,343 2054 $416,227,343 $2,570,000 N/A 2.00% $421,956,190 2055 $421,956,190 $2,570,000 N/A 2.00% $427,799,613 2056 $427,799,613 $3,061,000 N/A 2.00% $433,263,996 2057 $433,263,996 $2,570,000 N/A 2.00% $439,333,576 2058 $439,333,576 $2,570,000 N/A 2.00% $445,524,547 Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Signature: Aaron L. Szabo Date: 7/11/2011
2059 $445,524,547 $2,570,000 N/A 2.00% $451,839,338 2060 $451,839,338 $2,570,000 N/A 2.00% $458,280,425 2061 $458,280,425 $2,570,000 N/A 2.00% $464,850,333 2062 $464,850,333 $2,570,000 N/A 2.00% $471,551,640 2063 $471,551,640 $2,570,000 N/A 2.00% $478,386,973 2064 $478,386,973 $2,570,000 N/A 2.00% $485,359,012 2065 $485,359,012 $2,904,000 N/A 2.00% $492,133,152 2066 $492,133,152 $2,990,000 N/A 2.00% $498,955,915 2067 $498,955,915 $2,990,000 N/A 2.00% $505,915,134 2068 $505,915,134 $2,990,000 N/A 2.00% $513,013,536 2069 $513,013,536 $2,990,000 N/A 2.00% $520,253,907 2070 $520,253,907 $2,990,000 N/A 2.00% $527,639,085 2071 $527,639,085 $2,990,000 N/A 2.00% $535,171,967 2072 $535,171,967 $2,990,000 N/A 2.00% $542,855,506 2073 $542,855,506 $2,990,000 N/A 2.00% $550,692,717 2074 $550,692,717 $2,990,000 N/A 2.00% $558,686,671 2075 $558,686,671 $2,990,000 N/A 2.00% $566,840,504 2076 $566,840,504 $3,481,000 N/A 2.00% $574,661,504 2077 $574,661,504 $6,429,000 N/A 2.00% $579,661,444 2078 $579,661,444 $19,038,000 N/A 2.00% $572,026,293 2079 $572,026,293 $59,790,000 N/A 2.00% $523,078,919 2080 $523,078,919 $106,316,000 N/A 2.00% $426,161,338 2081 $426,161,338 $93,651,000 N/A 2.00% $340,097,054 2082 $340,097,054 $71,588,000 N/A 2.00% $274,595,115 2083 $274,595,115 $38,836,000 N/A 2.00% $240,862,658 2084 $240,862,658 $87,000 N/A 2.00% $243,756,757 Signature: Michael Purdie and JoAnn Simpson Date: 06/29/2011 Signature: Aaron L. Szabo Date: 7/11/2011