DeRooParsons Spreadsheet

This spreadsheet accompanies the paper:
De Roo, Guillaume and John Parsons, 2011, "A Methodology for Calculating the Levelized Cost of Electricity in
An earlier version of the paper appeared as
the Levelized Cost of Electricity", Center for Energy and Environmental Policy Research WP-09-008.
This is also the methodology used in Chapter 7, Economics, of the MIT Future of the Nuclear Fuel Cycle study.
Color Guide
Front End
Reactor & Misc.
Back End
Variable Input
General Description
The following sheets aim at the calculation of the levelized cost of electricity (LCOE) and
its components for different fuel cycles of interest. The usual way to calculate the LCOE is
to use the reactor as a unit of analysis. Here, because cycles can be complex and do not
necessarily reach a steady-state, the unit of analysis is the fuel. Namely, we follow an initial
mass of UOX through the system. The practical consequence is that costs are regarded as
services to this fuel, e.g. the use of reactors is considered as "space rental". The different
costs are expressed in modules and compiled in the document following the procedure
described below:
The calculations begin with the 'Inputs Summary' worksheet. Then there are a set of
intermediate worksheets, including the 'Fuel Module', the 'LWR Module', the 'FR Module',
the 'Disposal Module' and the 'R&R Module'. Then there are a set of final worksheets
calculating the LCOE for each of the three cycles: 'Fuel Cycle 1', 2 and 3. Finally, the
results are collected into a Results Summary worksheet. The inputs and results are also
displayed in 'Table 1', 2 and 3 corresponding to the tables appearing in the published
paper.
- 'Inputs Summary' contains all inputs used in the document. These are highlighted in
gray. Related parameter values calculated from these inputs are shown here as well.
- 'Fuel Module' uses the fuel composition data in 'Inputs Summary' depending on the
selected scenario. It then proceeds to intermediate mass flow and economic calculations.
In addition, there are 2 intermediate fuel cycle products, Reprocessed Uranium and U/TRU
blend; their value is endogeneous and calculated here.
- 'LWR Module' uses the technical and cost data for thermal reactors in 'Inputs Summary'
to build the levelized cost related to the reactor usage.
- 'FR Module' does a similar calculation for fast reactors
Disposal Module' calculates the cost of disposal from the historical and expected Yucca
Mountain costs. It is used as an alternative input on the 'Input Summary' page.
Ancillary Calc.' calculates the ancillary ratios used in the calculations and in the
accompanying papers.
- 'Fuel Cycle 1' corresponds to the Once-Through Cycle
- 'Fuel Cycle 2' to the Twice-Through Cycle (Pu-MOX)
- 'Fuel Cycle 3' to Full Actinide Recycle (Recycle into Fast Reactor)
These 3 sheets detail the time profile of the expenses for each cycle and calculate the
corresponding LCOE.
'Results Summary' contains the different LCOEs, with key input parameters readily
accessible so that the user can test the impact of different hypotheses and see their
impact on all cycles.
SOLVING... AFTER MAKING ANY CHANGES TO THE INPUTS, IT IS NECESSARY TO

RUN A MACRO IN ORDER TO SOLVE FOR THE PRICE OF REPROCESSED URANIUM,
THE PRICE OF PLUTONIUM AND THE PRICE OF TRUs.
Macro name: Equilibrium
e Levelized Cost of Electricity in Nuclear Power Systems with Fuel Recycling", forthcoming in Energy Economics.
Research WP-09-008.
of the Nuclear Fuel Cycle study.
Fuel Cycle 1 Once Through / High Burnup

Fuel Cycle 2 Spent fuel recycling into MOX
Fuel Cycle 3 TRU recycle into self sustaining FR
TRU from Spent UOX
Burn-up (MWd/kgHM)
UOX
MOX
FR Conversion Ratio
50
50
1
General Economic Parameters

General Discount Rate
Tax Rate
Use of Fuel Depreciation
7.6%
37%
0
kgHM kilogram of Heavy Metal

kgiHM kilogram of initial Heavy Metal. "Initial" refers to the fuel before irradiation
MTHM Metric Ton of Heavy Metal
Fuel Cycle Economic Parameters

Uranium Purchase
Depleted Uranium
Yellow Cake Conversion
Enrichment
80
10
10
160
$/kgHM
$/kgHM
$/kgHM
$/SWU
Fabrication of UOX fuel for LWR

Fabrication of MOX fuel for LWR
Fabrication of Breeder FR fuel
Fabrication of Self Sust. FR fuel (14% TRU)
Fabrication of Burner FR fuel (33% TRU)
250
2,400
2,400
2,400
2,400
$/kgHM
$/kgHM
$/kgHM
$/kgHM
$/kgHM
for Reprocessed Uranium

Premium for conversion
Premium for enrichment
Premium for fabrication
200%
10%
7%
Reprocessing of Spent UOX

Reprocessing of Spent MOX
Reprocessing of Breeder Fuel
Reprocessing of Self Sust Fuel
Reprocessing of Burner Fuel
1,600
1,600
3,200
3,200
3,200
Interim Storage for UOX
$/kgiHM
$/kgiHM
$/kgiHM
$/kgiHM
$/kgiHM
200 $/kgiHM
Interim Storage for MOX
200 $/kgiHM
Geological Disposal of Spent UOX 50 MWd/k

80 MWd/k
Geological Disposal of Spent MOX50 MWd/k
80 MWd/k
Disposal of HLW from UOX
Disposal of HLW from MOX
677
1,196
4,510
7,975
$/kgIHM
$/kgIHM
$/kgIHM
$/kgIHM
271
479
286
286
294
410
741
$/kgIHM
$/kgIHM
$/kgIHM
$/kgIHM
$/kgIHM
$/kgIHM
$/kgIHM
50 MWd/k
80 MWd/k
50 MWd/k
80 MWd/k
Disposal of HLW from Breeder

Disposal of HLW from Self Sust
Disposal of HLW from Burner
UOX Fee: Present Fee
1.00 mill/kWh
Densification Factor (UOX->HLW)
Densification Factor (MOX->HLW)
Densification Factor (UOX->MOX)
2.5
2.5
0.15
LWRs Parameters
Lifetime
Core Mass
Thermal efficiency
Burnup of LWR fuel
Fuel cycle length for LWR
Capacity Factor
Availability
Batch Replacement Time
Number of batches
40 yrs
84.7 MTHM/Gwe
33%
50
80 MWd/kgHM
1.5
2.35
85.0%
86.8%
90%
0.08 yr
3
Time between discharge and dry storage/repr

Overnight Cost
Decommissioning ON
Incremental CAPEX
Fixed Yearly O&M
Variable O&M
5 yrs
4,000
700
40
56.44
0.42
M$/Gwe
M$/Gwe
M$/Gwe*yr
M$/Gwe*yr
mill/kWh
FRs Parameters
Lifetime
Cross section conversion ratio
TRU Mass Ratio
Total Core Mass
Average Burnup
40 yrs
0.5
0.8
25.4
131.9
1
1.01
43.4
73
91.7
55.05
Number of batches
Main Core
OC / Blanket
Cycle Length (yrs)

Thermal efficiency
Capacity Factor
6
7
0.7
41%
85%
Time between discharge and reprocessing

Fast Reactor ON Overcost
(compared to LWR)
Overnight Cost
Decommissioning ON
Incremental CAPEX
Yearly O&M
Variable O&M
3
4.5
1.2
3
4
1.9
5 yrs
20%
4800
840
48
67.73
0.50
M$/Gwe
M$/Gwe
M$/Gwe*yr
M$/Gwe
mill/kWh
Fuel Cycle Technical Parameters

Loss during conversion
Loss during enrichment
Loss during fabrication
Loss during reprocessing
UOX Fuel
0.2%
0.2%
0.2%
0.2%
Enrichment
Optimum Tails Assay
Feed (initial kgU/enriched kgU
Separative Work Units
Pu in Spent Fuel
TRU in Spent Fuel
50MWd
4.5%
0.29%
9.99
6.36
1.1%
1.2%
80MWd
7.1%
0.29%
16.15
11.58
1.4% % of ikgHM
1.6% % of ikgHM
Initial Pu fraction
Pu in Spent Fuel
TRU in Spent Fuel
50MWd
8.7%
6.00
6.41
80MWd
14.7%
9.69 % of ikgHM
7.11 % of ikgHM
SFR Fuel
Arevage TRU enrichment of Fresh Fuel
Arevage TRU enrichment of Spent Fuel
FP in Spent Fuel
0.8
33.3%
27.0%
14.1%
1.01
13.9% % of ikgHM
14.0% % of ikgHM
7.8% % of ikgHM
Reactors Construction Schedule

Year-4
Year-3
Year-2
Year-1
Year-0
9.5%
25.0%
31.0%
25.0%
9.5%
MOX Fuel
Recycling Plants Construction Schedule

Year-9
Year-8
Year-7
Year-6
Year-5
2.0%
4.0%
5.0%
6.0%
10.0%
Year-4
Year-3
Year-2
Year-1
Year-0
12.0%
14.0%
16.0%
16.0%
15.0%
Reactors Depreciation Schedule

Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Year 11
Year 12
Year 13
Year 14
Year 15
Year 16
5.00%
9.50%
8.55%
7.70%
6.93%
6.23%
5.90%
5.90%
5.91%
5.90%
5.91%
5.90%
5.91%
5.90%
5.91%
2.95%
Fuel Depreciation Schedule

Year 1
Year 2
Year 3
Year 4
Resulting Depreciation Factor
25.00%
25.00%
25.00%
25.00%
83.55%
Extensive Fuel Data for LWRs

U-235 content of Depleted Uraniu
0.25%
Composition expressed in weight percentage of the iHM

Burn-up
U-234
U-235
U-236
U-238
Pu-238
Pu-239
Pu-240
Pu-241
Pu-242
Am-241
Other TRU
Total
Fresh UOX
33
0.025
3.1
0
96.875
0
0
0
0
0
0
100
50
0.036
4.5
0
95.464
0
0
0
0
0
0
0
100
Spent UOX (after 5yrs cooling)

Burn-up
U-234
U-235
U-236
U-238
Pu-238
Pu-239
Pu-240
Pu-241
Pu-242
Am-241
Other TRU
Total
Weight Percentage of Separated Pu/Am in MOX
8.0%
33
0.015
0.797
0.374
94.458
0.012
0.527
0.213
0.1
0.048
0.03
50
96.574
0.018
0.956
0.583
92.009
0.031
0.634
0.261
0.141
0.079
0.044
0.098
94.854
12.5%
8.73%
Fresh MOX
DU enriched at 0.25%
Burn-up
U-234
U-235
U-236
U-238
Pu-238
Pu-239
Pu-240
Pu-241
Pu-242
Am-241
Other TRU
Total
50
0.002
0.23
0
91.768
0.109
4.681
1.896
0.891
0.423
0
80
0.002
0.219
0
87.28
0.171
7.314
2.962
1.392
0.662
0
100.0
100.0
Burn-up
U-234
U-235
U-236
U-238
Pu-238
Pu-239
Pu-240
Pu-241
Pu-242
Am-241
Other TRU
Total
50
0.008
0.116
0.026
88.761
0.115
2.294
1.7
0.81
0.575
0.305
80
0.014
0.097
0.029
82.957
0.215
3.181
2.508
1.141
0.856
4.448
Extensive Technical Data for FRs
94.7
50
0.002
0.228
0
91.04
0.232
4.843
1.991
0.934
0.587
0.143
0
100.0
Spent MOX (after 7yrs cooling)

50
0.018
0.119
0.026
87.999
0.225
2.514
1.791
0.774
0.695
0.143
0.266
95.4
94.6
CR=0.5
Technical Summary
85% Capacity Factor
41% Thermal efficiency
0.5 Conversion Ratio
0.71 Cycle Length (yrs)
25.4 Total Core Mass (MTHM/GWe)
CR=1.0
Technical Summary
85% Capacity Factor
CR=?
Technical Summary
85% Capacity Factor
Extensive Fuel Data for FRs
Sodium Fast Reactor
Conversion Ratio
Average Burnup
(MWD/kg)
Enrichment
IC
(kgTRU/kgHM)
MC
OC
Average
Repartition
IC
at loading
MC
OC
Residence Time IC
(nb of cycles)
MC
OC
Spent Fuel
TRU
(kg/kgIHM)
U
FP
TRU Mass Ratio
0.5
131.9
27.3%
34.1%
40.9%
33.3%
0.30
0.48
0.22
6
6
7
27.0%
58.9%
14.1%
0.81
1
73
10.7%
13.3%
16.0%
13.9%
0.15
0.51
0.34
3
3
4.5
14.0%
78.2%
7.8%
1.01
1.23
55.1
23.2%
0.0%
0.0%
8.9%
0.14
0.38
0.48
3
3
4
10.4%
84.0%
5.6%
1.17
After making any changes to the inputs, it is necessary to

run a Macro in order to solve for the price of reprocessed
uranium, the price of plutonium and the price of TRUs.
Click the button to launch the "Equilibrium" macro
MTHM/Gwe
yrs
Fresh UOX
80
0.057
7.1
0
92.843
0
0
0
0
0
0
100
X (after 5yrs cooling)

80
0.025
1.098
0.984
88.056
0.077
0.709
0.316
0.178
0.119
0.058
91.62
13.5%
Fresh MOX
80
9.5%
50
14.7%
80
0.002
0.216
0
86.282
0.366
7.391
3.172
1.637
0.935
0
0.002
0.226
0
90.272
0.524
4.813
2.147
1.207
0.809
0
0.002
0.213
0
85.085
0.811
7.447
3.323
1.868
1.252
0
100.0
100.0
100.0
pent MOX (after 7yrs cooling)

80
0.024
0.101
0.029
82.038
0.338
3.4
2.671
1.214
1.081
0.527
91.4
50
80
0.026
0.123
0.025
87.352
0.392
2.631
1.899
0.925
0.905
0.358
0.046
0.106
0.029
80.927
0.611
3.648
2.807
1.28
1.343
0.567
94.6
91.4
This sheet gives the composition and fabrication data of the different LWR and FR fuels. In
addition, there are 2 intermediate fuel cycle products, Reprocessed Uranium and U/TRU
blend; their value is endogeneous and calculated here.
LWR Fuel
Composition in Weight %
of Fresh Fuel HM
Fresh UOX
Spent UOX
Fresh MOX
50
50
50
Burn-up
U-234
U-235
U-236
U-238
Pu-238
Pu-239
Pu-240
Pu-241
Pu-242
Am-241
Other TRU
Total Act
Total U
Total Pu
Total TRU
FP
Total
0.036
4.5
0
95.464
0
0
0
0
0
0
0
100
100
0
0
0
100.0
Fuel Cycle 1 Mass Flow
SWUs
6.37
0.018
0.956
0.583
92.009
0.031
0.634
0.261
0.141
0.079
0.044
0.098
94.854
93.566
1.146
1.288
5.146
100.0
0.002
0.228
0
91.04
0.232
4.843
1.991
0.934
0.587
0.143
0
100
91.27
8.587
8.730
0
100.0
Fuel Cycle 2 Mass Flow
10.05
10.05
Conversion
Conversion
10.03
SWUs
6.37
Enrichment
1.00
10.03
Enrichment
kgU
1.00
Fuel Fabrication
1.00
Spent MOX
50
0.018
0.119
0.026
87.999
0.225
2.514
1.791
0.774
0.695
0.143
0.266
94.57
88.162
5.999
6.408
5.43
100.0
kgU
Fuel Fabrication
kgUOX
1.00
kgUOX
Reprocessing
0.93
kgRepU
0.011
0.12
Fuel Fabrication
kgPu
kgDepU
0.13
kgMOX
FR Fuel
SFR
Conversion Ratio
Average Burnup
(MWd/kgHM)
Enrichment IC
(kgTRU/kgHM) MC
OC
Average
Repartition
IC
at loading
MC
OC
Residence Ti IC
(nb of cycles) MC
OC
Spent Fuel
TRU
(kg/kgIHM)
U
FP
TRU Conversion Ratio
1
73
10.7%
13.3%
16.0%
13.9%
0.15
0.51
0.34
3
3
4.5
0.14
0.78
0.08
1.01
Fuel Cycle 1->3 Mass Flow

1.00
Fuel Cycle 2->3 Mass Flow

kgUOX
0.13
Reprocessing
0.93
kgRepU
Reprocessing
0.013
0.080
kgDepU
kgTRU
0.12
kgRepU
Fuel Fabrication
0.092
0.052
kgDepU
kgFRFuel
0.061
0.031
Reprocessing
Reprocessing
0.056
0.029
kgFRFuel
0.040
Reprocessing
kgU/TRU
0.036
UOX Fabrication
Cos t of UOX fue l
from Fresh Uranium

0.2% Loss during conversion
0.2% Loss during enrichment
0.2% Loss during fabrication
1.77 Cost ratio
0.29% Optimum Tails Assay
9.99 Feed (initial kgU/enriched kgU)
6.36 Separative Work Units
3000.0
$/kgHM
2500.0
from Reprocessed Uranium

200% Premium for conversion
10% Premium for enrichment
7% Premium for fabrication
1.43 Cost ratio
0.39% Optimum Tails Assay
5.16% Equivalent rU enrichment for Fresh UOX
7.58 Feed (initial kgU/enriched kgU)
4.79 Separative Work Units
2000.0
1500.0
1000.0
500.0
Cost Comparison (Calculation at Time of Loading)

108.3 Price of UOX Reprocessed Uranium ($/kgHM)
Fresh U
Uranium
Conversion
Enrichment
Fabrication
Total
930.6
111.9
1096.3
259.3
2398.1
0.0
Reprocessed U
Uranium
956.4
Conversion
254.9
Enrichment
909.3
Fabrication
277.5
Total
2398.1
Fresh U
Cost of MOX fue l

3000.0
MOX Fabrication
0.2% Loss during reprocessing (U and Pu)
0.2% Loss during MOX fabrication
0.25% U-235 content of Depleted Uranium
91.3% Depleted Uranium in MOX
8.7% Seperated Pu which goes in MOX (and can become Am)
0.0
2500.0
2000.0
$/k gHM
Diff
1500.0
1000.0
500.0
Cost Calculation at time of loading

Depleted Uran
9.8
0.0
-500.0
-1000.0
-1500.0
-2000.0
500.0
0.0
-500.0
Plutonium
Fabrication
Total
-1480.9
2489.5
1018.4
-1000.0
-1500.0
-2000.0
FR Fuel Fabrication
0.2% Loss during reprocessing (TRU)
0.2% Loss during FR fuel fabrication
Cost of FR Fuel at Time of Loading
From LWR Fuel
TRU
Uranium
Fabrication
-12110.82
9.26
2489.53
-9612.02
From FR Fuel
U/TRU
TRU
Uranium
Fabrication
=
-12102.46
0
0.91
2489.53
-9612.02
-12286.9 Price of Reprocessed U/TRU ($/kgHM)
kgMOX
0.008
kgTRU
Fuel Fabrication
0.060
kgFRFuel
0.020
kgFRFuel
Reprocessing
0.019
kgU/TRU
3000.0
2500.0
2000.0
Fabric atio
n
Enric hmen
t
Conversion
1500.0
1000.0
500.0
0.0
Fresh U
Reprocessed U
Cost of MOX fue l for FC2 (Tim e of Loading)

3000.0
2500.0
2000.0
$/k gHM
$/kgHM
Cos t of UOX fue l (Tim e of Loading)
1500.0
1000.0
500.0
0.0
-500.0
-1000.0
-1500.0
-2000.0
Fabric ation
Plutonium
Fabric ation
500.0
0.0
-500.0
-1000.0
-1500.0
-2000.0
Plutonium
This sheet evaluates the capital and O&M costs for a Light Water Reactor.
It also summarizes a few technical features of LWRs.
Technical Summary
84.7 Core Mass (MTHM/GWe)
40 Lifetime (yrs)
90% Availability (shutdown period excluded)
0.08 Batch Replacement Time (yr)
Cost Input
4000
700
40
56
Overnight Cost (M$/Gwe)

Decommissioning ON (M$/Gwe)
Incremental CAPEX (M$/Gwe*yr)
Yearly O&M (M$/Gwe*yr)
Cost Output
Continous Compounding
318 Levelized Net Reactor Cost (M$/Gwe*yr)
504 Levelized Gross Reactor Cost (M$/Gwe*yr)
54 Levelized O&M Cost (M$/Gwe*yr)
Reported to discharge time
Irradiation Reactor Cost
Length (yr)
(M$/Gwe)
50 MWd/kgHM
4.5
1693
80 MWd/kgHM
7.1
2932
O&M Cost
(M$/Gwe)
307
532
Year
-4
-3
-2
-1
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
Total After Tax
Reactor Cost
(M$/GWe)
380
1000
1240
1000
380
-74
-141
-127
-114
-103
-92
-87
-87
-87
-87
-87
-87
-87
-87
-87
-44
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Incremental
Cost
(M$/GWe)
0
0
0
0
0
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
40
740
0
After Tax NPV

509
1246
1436
1076
380
-45
-100
-81
-66
-54
-43
-37
-35
-32
-30
-28
-26
-24
-22
-21
-6
7
7
6
6
5
5
5
4
4
4
3
3
3
3
3
2
2
2
2
2
2
2
1
25
0
O&M Cost
(M$/GWe)
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
56.44
0
O&M NPV
52
49
45
42
39
36
34
31
29
27
25
23
22
20
19
17
16
15
14
13
12
11
10
10
9
8
8
7
7
6
6
5
5
5
4
4
4
3
3
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Reactor Cost
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4105.7
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
O&M
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
703.0
This sheet evaluates the capital and O&M costs for a Fast Reactor.
It also summarizes a few technical features of FRs.
Technical Summary of Selected FR
85% Capacity Factor
40 Lifetime (yrs)
43.4 Total Core Mass (MTHM/Gwe)
Year
Cost Input
4800 Overnight Cost (M$/Gwe)
840 Decommissioning ON (M$/Gwe)
48 Incremental CAPEX (M$/Gwe*yr)
68 Yearly O&M (M$/Gwe*yr)
Cost Output
Continous Compounding
381 Levelized Reactor Cost (M$/Gwe*yr)
65 Levelized O&M Cost (M$/Gwe*yr)
Reported to discharge time
CR
MC
OC
1
MC
OC
1.23 MC
OC
0.5
Irradiation
Length (yr)
4.3
5.0
3.6
5.4
5.8
7.7
Reactor Cost
(M$/GWe)
1913
2295
1559
2506
2726
3922
O&M Cost
(M$/GWe)
346
415
282
454
494
710
-4
-3
-2
-1
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
Total
Reactor Cost
(M$/Gwe)
456
1200
1488
1200
456
-89
-169
-152
-137
-123
-111
-105
-105
-105
-105
-105
-105
-105
-105
-105
-52
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Incremental
Cost
(M$/GWe)
0
0
0
0
0
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
888
After Tax NPV

611.2
1494.9
1722.8
1291.2
456.0
-54.4
-119.6
-97.6
-79.5
-64.4
-51.8
-44.6
-41.5
-38.6
-35.8
-33.4
-31.0
-28.8
-26.7
-24.9
-6.9
8.7
8.1
7.5
7.0
6.5
6.0
5.6
5.2
4.8
4.5
4.2
3.9
3.6
3.4
3.1
2.9
2.7
2.5
2.3
2.2
2.0
1.9
1.7
29.9
O&M Cost
(M$/Gwe)
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
68
O&M NPV
62.9
58.5
54.4
50.5
47.0
43.6
40.6
37.7
35.0
32.6
30.3
28.1
26.1
24.3
22.6
21.0
19.5
18.1
16.8
15.7
14.5
13.5
12.6
11.7
10.9
10.1
9.4
8.7
8.1
7.5
7.0
6.5
6.0
5.6
5.2
4.8
4.5
4.2
3.9
3.6
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Reactor Cost
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
4926.8
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
O&M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
843.6
This sheet calculates the cost of geological disposal depending of the type of fuel and generated heat, using
the Yucca Mountain project as a cost basis (and not from the existing fee) .
Calculation of Yucca Mountain Cost

Defense share
19.60%
NPV of Yucca Mountain in 1967 (M 2007$)
NPV of YM in 1967 for Commercial Fuel (M 2007$)
3,059
2.46E+03
Production of Electricity
Production discounted to 1967 (kWh)
Resulting Disposal fee at discharge time (mill/kWh)
2.75E+12
0.89
Discharged Nuclear Waste

Production discounted to 1967 (MTHM)
Resulting Disposal fee at discharge time ($/kgHM)
11,926
206.21
Accepted Nuclear Waste

Waste acceptance discounted to 1967 (MTHM)
Resulting Disposal fee at discharge time ($/kgHM)
808
3041.70
Cost, Waste Discharge and Electricity Production Profiles in the US

Defense share
Year
19.60%
Yucca Mountain Cost
Transportation
Total in M$
Commercial S
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
347
8
374
0
456
24
555
0
473
34
614
0
603
28
755
0
720
42
864
0
539
44
711
0
Repository
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
Acce
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
399
329
289
299
333
393
517
331
356
435
371
389
386
368
395
465
392
324
566
601
624
540
483
758
1002
1120
1081
956
807
811
847
795
875
787
809
770
756
765
770
800
806
771
769
781
764
877
790
780
783
777
794
789
789
782
55
55
53
66
60
49
48
42
12
8
2
3
3
4
9
32
57
41
42
15
202
418
641
782
683
374
260
329
348
285
374
438
449
424
429
414
422
408
388
386
384
387
396
407
402
403
378
377
378
387
382
376
357
370
590
541
493
520
568
605
729
476
463
535
457
479
480
464
504
621
627
517
786
759
1030
1162
1328
1746
1902
1710
1569
1518
1356
1253
1378
1390
1484
1367
1401
1308
1302
1297
1282
1310
1288
1256
1262
1286
1263
1371
1258
1247
1239
1243
1250
1239
1220
1226
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
400
600
1200
2000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
770
798
800
763
776
748
745
691
677
719
679
518
523
554
543
546
523
521
380
317
277
282
273
255
252
249
153
152
150
149
125
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
374
365
370
361
355
353
370
374
391
412
418
360
244
112
69
67
66
66
65
65
57
31
31
31
31
32
33
35
27
13
2
1218
1235
1242
1196
1197
1167
1181
1131
1134
1197
1164
945
834
732
674
676
651
649
509
445
397
376
368
349
347
344
250
250
240
226
190
65
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
3000
877
2097
2098
2099
2100
2101
2102
2103
2104
2105
2106
2107
2108
2109
2110
2111
2112
2113
2114
2115
2116
2117
2118
2119
2120
2121
2122
2123
2124
2125
2126
2127
2128
2129
2130
2131
2132
2133
Total
DoE Total
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
744
744
744
744
744
744
744
744
750
757
757
119
113
121
122
129
126
129
178
165
159
64719
64728
20254
20252
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
756
785
785
785
785
785
785
785
791
798
798
159
154
161
162
169
166
169
215
195
186
96175
96181
Assumption for Future Licensing in the US

Site
NRC Region Power (MWe)
Yearly Discha License
ANO1
4
836
20.09
2014
ANO2
4
858
20.62
2018
Beaver Valley
1
821
19.73
2016
Beaver Valley
1
831
19.97
2027
Big Rock Point
3
0
0.00
Braidwood 1
3
1161
27.90
2026
Braidwood 2
3
1154
27.73
2027
Browns Ferry 1
2
1155
27.75
2013
Browns Ferry 2
2
1118
26.86
2014
Browns Ferry 3
2
1118
26.86
2016
Brunswick 1
Brunswick 2
Byron 1
Byron 2
Callaway1
Calvert Cliffs 1
Calvert Cliffs 2
Catawba 1
Catawba 2
Clinton
Columbia
Comanche Pea
Comanche Pea
Cooper
Crystal River 3
DC Cook 1
DC Cook 2
Davis-Besse
Diablo Canyon
Diablo Canyon
Dresden 1
Dresden 2
Dresden 3
Duane Arnold
Farley 1
Farley 2
Fermi 2
Fitzpatrick
Fort Calhoun
Ginna
Grand Gulf 1
Haddam Neck
Harris 1
Hatch 1
Hatch 2
Hope Creek 1
Humboldt Bay
Indian Point 1
Indian Point 2
indian Point 3
Kewaunee
Lacrosse
La Salle 1
La Salle 2
Limerick 1
Limerick 2
Maine Yankee
McGuire 1
McGuire 2
Millstone 1
Millstone 2
Millstone 3
Monticello
Nine Mile Point
2
2
3
3
4
1
1
2
2
3
4
4
4
4
2
3
3
3
4
4
3
3
3
3
2
2
3
1
4
1
4
1
2
2
2
1
4
1
1
1
3
3
3
3
1
1
1
2
2
1
1
1
3
1
872
811
1163
1131
1125
825
835
1129
1129
1022
1107
1150
1150
764
834
1000
1060
882
1087
1087
0
850
850
565
830
839
1089
813
478
480
1207
0
900
856
870
1049
0
0
951
979
511
0
1111
1111
1134
1134
0
1100
1100
0
871
1130
578
565
20.95
19.49
27.94
27.18
27.03
19.82
20.06
27.13
27.13
24.56
26.60
27.63
27.63
18.36
20.04
24.03
25.47
21.19
26.12
26.12
0.00
20.42
20.42
13.58
19.94
20.16
26.17
19.53
11.49
11.53
29.00
0.00
21.62
20.57
20.90
25.20
0.00
0.00
22.85
23.52
12.28
0.00
26.69
26.69
27.25
27.25
0.00
26.43
26.43
0.00
20.93
27.15
13.89
13.58
2016
2014
2024
2026
2024
2014
2016
2024
2026
2026
2023
2030
2033
2014
2016
2014
2017
2017
2021
2025
2009
2011
2014
2017
2021
2025
2014
2013
2009
2024
2026
2014
2018
2026
2013
2015
2013
2022
2023
2024
2029
2021
2023
2015
2025
2010
2009
Nine Mile Point

North Anna 1
North Anna 2
Oconee 1
Oconee 2
Oconee 3
Oyster Creek4
Palisades4
Palo Verde 1
Palo Verde 2
Palo Verde 3
Peach Bottom
Peach Bottom
Perry 1
Pilgrim 1
Point Beach 1
Point Beach 2
Prairie Island 1
Prairie Island 2
Quad Cities 1
Quad Cities 2
Rancho Seco
River Bend 1
Robinson 2
Saint Lucie 1
Saint Lucie 2
Salem 1
Salem 2
San Onofre 1
San Onofre 2
San Onofre 3
Seabrook 1
Sequoyah 1
Sequoyah 2
South Texas 1
South Texas 2
Summer
Surry 1
Surry 2
Susquehanna
Susquehanna
Three Mile Isla
Trojan
Turkey Point 3
Turkey Point 4
Vermont Yanke
Vogtle 1
Vogtle 2
Waterford 3
Watts Bar 1
Wolk Creef 1
Yankee Rowe
Zion 1
Zion 2
1
2
2
2
2
2
1
3
4
4
4
1
1
3
1
3
3
3
3
3
3
4
4
2
2
2
1
1
4
4
4
1
2
2
4
4
2
2
2
1
1
1
4
2
2
1
2
2
4
2
4
1
3
3
1120
925
917
846
846
846
619
730
1243
1243
1247
1116
1093
1235
653
512
518
522
522
855
855
0
966
710
839
839
1096
1092
0
1070
1080
1155
1125
1126
1251
1251
966
810
815
1105
1111
802
0
693
693
510
1152
1149
1075
1125
1165
0
0
0
26.91
22.23
22.03
20.33
20.33
20.33
14.87
17.54
29.87
29.87
29.96
26.81
26.26
29.67
15.69
12.30
12.45
12.54
12.54
20.54
20.54
0.00
23.21
17.06
20.16
20.16
26.33
26.24
0.00
25.71
25.95
27.75
27.03
27.05
30.06
30.06
23.21
19.46
19.58
26.55
26.69
19.27
0.00
16.65
16.65
12.25
27.68
27.61
25.83
27.03
27.99
0.00
0.00
0.00
2026
2018
2020
2013
2013
2014
2009
2011
2024
2025
2027
2013
2014
2026
2012
2010
2013
2013
2014
2012
2012
2025
2010
2016
2023
2016
2020
2022
2022
2026
2020
2021
2027
2028
2022
2012
2013
2022
2024
2014
2012
2013
2012
2027
2029
2024
2035
2025
and generated heat, using
Acceptance
DoE SF (canister Naval SNF (canDefense HLW wa
BWR
Discharge (MTHM)
HTGR
PWR
0.6
9.9
5.6
64.7
145.8
93.5
241.6
225.9
298.1
383.2
383.7
399.9
619.8
458.7
357.2
482.2
497.9
542.8
458.3
596.9
535.5
39
44.5
99.9
67.1
207.7
321.7
401
467
698.6
712
618.5
677.8
640.5
772.2
839.4
859.4
978.9
1097
1093.1
Total
3
2.9
2.7
0.6
9.9
44.6
109.2
245.7
160.6
449.3
547.6
699.1
850.2
1082.3
1114.9
1238.3
1139.4
997.7
1254.4
1340
1402.2
1437.2
1693.9
1628.6
692.6
632.8
576
713.5
677.6
676
787.2
832.6
673.8
674
798.1
758.6
673.4
739.6
45
81
126
63
54
90
81
90
108
126
135
162
153
108
90
171
171
137
90
86
50
66
88
87
61
48
10
15
18
21
24
24
24
24
24
24
24
24
24
24
24
24
24
24
195
380
380
380
380
385
380
380
425
650
650
650
695
710
740
800
830
825
825
792
745
745
745
740
745
746
1185
1481.2
1218.3
1547
1477
1176.6
1629.9
1514.6
1510.3
934.8
1593.4
1393.5
1327.1
1667.6
15.6
1893.2
2114
1794.3
2260.5
2154.6
1852.6
2417.1
2347.2
2184.1
1608.8
2391.5
2152.1
2000.5
2407.2
2364.3
2364.3
2364.3
2364.3
2364.3
2364.3
2364.3
2349.4
2349.4
2331.9
2304.0
2256.3
2173.0
2149.5
2083.4
2062.2
2062.2
2062.2
2008.9
1955.7
1850.8
1797.5
1603.9
1470.6
1286.7
1151.3
1121.2
1020.9
950.0
929.6
852.4
669.3
491.9
443.9
355.9
310.5
246.7
246.7
224.7
178.1
52
48
49
650
650
645
471
445
445
443
154.9
108.3
81.2
54.0
0.0
0.0
0.0
109322.8
LE as of 01/07
1
1
0
0
0
0
1
1
1
New License
2034
2038
2016
2027
0
2026
2027
2033
2034
2036
1
1
0
0
0
1
1
1
1
0
0
0
0
0
0
1
1
0
0
0
1
1
0
1
1
0
0
1
1
0
0
1
1
0
0
0
0
0
0
0
0
1
1
1
1
1
1
2036
2034
2024
2026
2024
2034
2036
2044
2046
2026
2023
2030
2033
2014
2016
2034
2037
2017
2021
2025
0
2029
2031
2014
2037
2041
2025
2014
2033
2029
2024
0
2026
2034
2038
2026
0
0
2013
2015
2013
0
2022
2023
2024
2029
0
2041
2043
0
2035
2045
2030
2029
1
1
1
1
1
1
0
0
0
0
0
1
1
0
0
1
1
0
0
1
1
0
1
1
1
0
0
0
0
0
0
0
0
0
1
1
1
0
0
0
1
1
0
0
0
0
0
0
2046
2038
2040
2033
2033
2034
2009
2011
2024
2025
2027
2033
2034
2026
2012
2030
2033
2013
2014
2032
2032
0
2025
2030
2036
2043
2016
2020
0
2022
2022
2026
2020
2021
2027
2028
2042
2032
2033
2022
2024
2014
0
2032
2033
2012
2027
2029
2024
2035
2025
0
0
0
BWR
Arevage Burnup
PWR
HTGR
1.7
16.6
0.3
18.4
8.3
23.8
7.1
22.1
13.2
24.2
13.1
18.4
17.1
18.2
13.6
22.4
17
25.2
19.8
26.4
22.5
27.2
22.5
29.8
24
30.3
24.9
29.9
27.1
30.2
25.9
29.5
23.6
32
21.4
30.7
22.6
31.6
24.6
33.7
Electricity
Produced (kWh)
7344000
1183248000
5178816000
11491992000
23349384000
20577744000
50303808000
69968376000
93863232000
1.3164E+011
1.8749E+011
8.8 2.0441E+011
2.3311E+011
18.3 2.2751E+011
2.0193E+011
2.6199E+011
33.2 2.7178E+011
2.9024E+011
2.8699E+011
3.4672E+011
3.6008E+011
Assumed overall capacity factor after 2002

90%
22.6
25.2
28.4
29.2
30.6
33.4
33.1
35.4
35.8
36.4
35.8
38.2
39.5
40
32.7
34.6
35.4
36.8
39.2
40.3
40.9
39.1
40.3
44
44.1
44.8
45
45.7
38.2 3.9599E+011
4.8381E+011
4.2830E+011
5.5990E+011
5.6616E+011
5.0397E+011
6.6758E+011
6.3860E+011
6.1191E+011
4.7279E+011
7.1165E+011
6.5813E+011
6.2150E+011
7.6171E+011
7.7579E+011
7.7579E+011
7.7579E+011
7.7579E+011
7.7579E+011
7.7579E+011
7.7579E+011
7.7091E+011
7.7091E+011
7.6515E+011
7.5598E+011
7.4034E+011
7.1301E+011
7.0529E+011
6.8361E+011
6.7665E+011
6.7665E+011
6.7665E+011
6.5917E+011
6.4173E+011
6.0730E+011
5.8982E+011
5.2629E+011
4.8253E+011
4.2220E+011
3.7777E+011
3.6791E+011
3.3497E+011
3.1171E+011
3.0501E+011
2.7968E+011
2.1962E+011
1.6140E+011
1.4566E+011
1.1678E+011
1.0188E+011
80960796000
80960796000
73731168000
58444092000
After these limits, values are prospective
50828148000
35541072000
26640036000
17731116000
0
0
0
capacity factor after 2002
values are prospective
This sheet calculates the cost of the once through option, given the chosen scenario variation.
The chosen time reference is the unloading of the UOX fuel.
Burn-up (MWd/kgHM)
50 UOX in LWRs
Cycle Capacity Factor
85.0%
Fuel Cycle Expenses

Uranium Purchase
Enrichment
Fabrication of UOX fuel
Depreciation of UOX Fuel
Reactor Core Occupation
Operations and Maintenance
Interim Storage
Geologic Disposal
Time Frame (years)

4.5 Irradiation time of UOX in LWRs
5 Time between discharge and interim storage
0.84 Carrying Charge Factor
Unit Cost
80
10
160
250
0
20,001
3,622
200
677
Number of
Units
$/kgHM
10.05
$/kgHM
10.03
$/kgSWU
6.37
$/kgHM
1
$/kgHM
1
$/kgHM (after tax
1
$/kgHM
1
$/kgiHM
1
$/kgiHM
1
Time before
milestone
6.5
6
5.5
5
0
0
0
-5
-5
LCOE Calculation
Electricity Produced by UOX (MWh)
Front End Cost ($/kgUOX)
Reactor Net Cost ($/kgUOX)
Operations & Maintenance Net ($/kgUOX)
Back-End Cost ($/kgUOX)
Total Net Cost ($/kgUOX)
Front End Cost (mill/kWh)
Reactor Cost (mill/kWh)
Operations & Maintenance (mill/kWh)
Back-End Cost (mill/kWh)
Total COE (mill/kWh)
After Tax
Cost
506
63
642
158
0
20,001
2,282
126
426
NPV
815
98
960
227
0
20,001
2,282
87
296
Produced by UOX (MWh)
396
ront End Cost ($/kgUOX)

actor Net Cost ($/kgUOX)
intenance Net ($/kgUOX)
ack-End Cost ($/kgUOX)
2,101
20,001
2,282
383
24,766

& Maintenance (mill/kWh)
7.11
67.68
7.72
1.30
83.81
0.33
3.25
0.77
2.76
4.35
Uranium consumption
25.4 kgHM/GWh
---->
Interim Storage (mill/kWh)

Disposal (mill/kWh)
0.30
1.00
8%
81%
9%
2%
8.5%
80.8%
9.2%
1.5%
10.0%
10.0%
This sheet calculates the cost of recycling for LWRs, given the chosen scenario variation.
The chosen time reference is the unloading of the initial UOX fuel.
Burn-up (MWd/kgHM)
50 Spent UOX
50 MOX in LWRs
UOX Capacity Factor
85.0%
MOX Capacity Factor
85.0%
Fuel Cycle Expenses
Uranium Purchase
Enrichment
Reprocessing of SF
Geologic Disposal of Sep. HLW
Sale of Reprocessed Uranium
Sale of Reprocessed Plutonium
Plutonium Purchase
Depleted Uranium Purchase
Fabrication of MOX fuel
Depreciation of MOX Fuel
Interim Storage
Geological Disposal of Spent MO
Implicit Value of Separated Pu

-15,734 $/kgHM
This value is defined as the
transaction price between the 2
steps, so that each step has a
NPV of zero.
If you look in 'Fuel Data', you will
see that the cost of MOX and
UOX are different.
Indeed, the back-end costs of
UOX and MOX are different.
Therefore, saying that UOX and
MOX have the same value does
not mean that they have the
same cost of fabrication.
Time Frame (years)

4.5 Irradiation time of UOX in LWRs
4.5 Irradiation time of MOX in LWRs
5 Time between discharge and interim storage
0.84 UOX Carrying Charge Factor
0.84 MOX Carrying Charge Factor
Unit Cost
80
10
160
250
0
20,001
3,622
1,600
271
-108
15,734
-15,734
10
2,400
0
20,001
3,622
200
4,510
Number of
Units
$/kgHM
10.05
$/kgHM
10.03
$/kgSWU
6.37
$/kgHM
1
$/kgHM
1
$/kgHM (after tax
1
$/kgHM
1
$/kgiHM
1
$/kgiHM
1
$/kgHM
0.93
$/kgHM
0.011
$/kgHM
0.011
$/kgHM
0.12
$/kgHM
0.13
$/kgHM
0.13
$/kgHM (after tax
0.13
$/kgHM
0.13
$/kgiHM
0.13
$/kgiHM
0.13
Time before
milestone
6.5
6
5.5
5
0
0
0
-5
-5
-6
-6
-6
-6
-6.5
0
-11.5
-11.5
-16.5
-16.5
LCOE Calculation
Electricity Produced by MOX (MWh)
Reactor Net Cost ($/kgUOX)
Operations & Maintenance Net ($/kgUOX)
Fuel Cycle Net Cost ($/kgUOX)
Fuel Cost (mill/kWh)
LCOE for UOX

Front-End Cost ($/kgUOX)
Reactor Cost ($/kgUOX)
Operations & Maintenance ($/kgUOX)
LCOE for MOX

After Tax
Cost
506
63
642
158
0
20,001
2,282
1,008
170
-64
113
-113
1
198
0
2,615
298
16
372
NPV
815
98
960
227
0
20,001
2,282
699
118
-41
73
-73
0
123
0
1,126
128
5
111

Produced by MOX (MWh)
396
52
actor Net Cost ($/kgUOX)

intenance Net ($/kgUOX)
Cycle Net Cost ($/kgUOX)
21,127
2,410
3,116
26,653

67.68
7.72
9.98
85.38
Uranium consumption
62.5 Elec. of RepU (MWh)
19.7 kgHM/GWh
-22% Consumption w.r.t OTC
ront-End Cost ($/kgUOX)

Maintenance ($/kgUOX)
2,101
20,001
2,282
849

7.11
67.68
7.72
2.87
Total
85.38
0.00

50
1,126
128
116

3.02
67.68
7.72
6.96
Total
85.38
0.00
Check
Check
---->
Reprocessing (mill/kWh)
Disposal (mill/kWh)
Uranium (mill/kWh)
Pu/TRU (mill/kWh)
2.36
0.40
-0.14
0.25
---->
Pu/TRU (mill/kWh)
Depleted Uranium (mill/kWh)
Fabrication (mill/kWh)
Interim Storage (mill/kWh)
Disposal (mill/kWh)
-4.39
0.03
7.38
0.30
6.67
---->
This sheet calculates the cost of the Fast Reactor cycle, given the chosen scenario variation.
The chosen time reference is the unloading of the UOX fuel.
Burn-up (MWd/kgHM)
50 UOX
50 MOX
73 FR Fuel
FR Capacity Factor
85.0%
Time Frame (years)

4.5 Irradiation of UOX in LWRs
4.5 Irradiation of MOX in LWRs
3.6 Irradiation time in FR for IC and MC
5.4 Irradiation time in FR for OC
5 Time between discharge and reprocessing LWR
5 Time between discharge and reprocessing FR
Source of TRU is MOX

0
Fuel Cycle Expenses
0.84 UOX Carrying Charge Factor

0.84 MOX Carrying Charge Factor
0.90 FR Carrying Charge Factor (Overall)
Unit Cost
Uranium Purchase
Enrichment
Reprocessing of SF
Geologic Disposal of Sep. HLW
Sale of Reprocessed Uranium
0
0
0
0
0
0
0
0
0
0
Sale of Reprocessed TRU
TRU Purchase
Depleted Uranium Purchase
Fabrication of FR fuel
Depreciation of FR Fuel
Reactor Core Occupation (IC, MC)
Operations and Maintenance (IC,
Reprocessing of Spent Fuel
Disposal of Separated HLW
Sale of Recycled U/TRU
Reactor Core Occupation (OC)
Operations and Maintenance (OC)
Reprocessing of Spent Fuel
80
10
160
250
0
$/kgHM
$/kgHM
$/kgSWU
$/kgHM
$/kgHM
20,001 $/kgHM (after tax
3,622 $/kgHM
1,600 $/kgiHM
271 $/kgiHM
-108 $/kgHM
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
80,974
-80,974
10
2,400
0
35,898
6,500
3,200
410
12,287
57,699
10,448
3,200
$/kgHM
$/kgHM
$/kgHM
$/kgHM
$/kgHM
$/kgHM (after tax
$/kgHM
$/kgiHM
$/kgiHM
$/kgHM
$/kgHM (after tax
$/kgHM
$/kgiHM
Number of
Units
10.05
10.03
6.37
1
1
Time before
milestone
6.5
6
5.5
5
0
1
1
1
1
0.93
0.000
0.000
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
0
-5
-5
-6
0
0
0
0.0
0
0.0
0.0
0.0
0.0
0.013
0.013
0.080
0.092
0.092
0.061
0.061
0.061
0.061
0.056
0.031
0.031
0.031
0.0
-6.0
-6.0
-6.0
-6.5
0.0
-10.6
-10.6
-15.6
-15.6
-16.6
-12.4
-12.4
-17.4
Disposal of Separated HLW

Sale of Recycled U/TRU
Implicit Value of Separated TRU

-80,974 $/kgHM
Implicit Value of Separated Pu
0 $/kgHM
410 $/kgiHM
12,287 $/kgHM
0.031
0.029
-17.4
-18.4
LCOE Overall Calculation

Electricity Produced by MOX (MWh)
Electricity Produced by one pass in FR (MWh)
These values are defined as the

transaction prices between the
different steps, so that each step
has a NPV of zero.

Fuel Cost ($/kgUOX)
Overall COE (mill/kWh)
LCOE for UOX

LCOE for MOX

LCOE for FR

rocessing LWR
rocessing FR
After Tax
Cost
506
63
642
158
0
20,001
2,282
1,008
170
-64
0
0
0
0
0
0
0
0
0
656
-656
1
140
0
2,183
249
123
16
434
1,816
207
63
NPV
815
98
960
227
0
20,001
2,282
699
118
-41
0
0
0
0
0
0
0
0
0
423
-423
0
87
0
1,006
115
39
5
129
734
84
18
PV Factor
1.80
8
225
2
59

Produced by MOX (MWh)
by one pass in FR (MWh)
396
0
66

Fuel Cost ($/kgUOX)
23,134
2,639
3,148

69.24
7.90
9.42
Overall COE (mill/kWh)
86.57

2,101
20,001
2,282
1,199

7.11
67.68
7.72
4.06
Total
86.57
0.00

0
0
0
0

0.00
0.00
0.00
0.00
Total
0.00
0.00

-336
1,740
198
252
Check
Check
---->
Disposal (mill/kWh)
Uranium (mill/kWh)
Pu/TRU (mill/kWh)
2.36
0.40
-0.14
1.43

-15.66
81.22
9.26
11.74
Total
86.57
0.00
Check
---->
---->
Pu/TRU (mill/kWh)
Depleted Uranium (mill/kWh)
Fabrication (mill/kWh)
Disposal (mill/kWh)
U/TRU (mill/kWh)
-19.72
0.02
4.05
2.66
0.34
8.75
---->
DU (mill/kWh)
TRU (mill/kWh)
-0.01
8.75
Results
Summary
Reactor Cost
O&M Cost
Fuel Cost
Total (mill/kWh)
Fuel Cycle 1 Fuel Cycle 2 Fuel Cycle 3

67.68
67.68
69.24
7.72
7.72
7.90
8.40
9.98
9.42
83.81
85.38
86.57
with Sc.1
1.58
2.76
LCOEs Sum m ary

100.00
90.00
m ill/k Wh
80.00
70.00
60.00
Fuel Cost
50.00
O&M Cost
Reac tor Cost
40.00
30.00
20.00
10.00
0.00
Fuel Cycle 1
Fuel Cycle 2
Fuel Cycle 3
1.18
Table 1
Input Parameter Assumptions
[1]
[2]
[3]
[4]
[5]
[6]
[7]
[8]
[9]
[10]
Front-end Fuel Costs

Natural Uranium
Depleted Uranium
Conversion of Natural U
Enrichment of Natural U
Fabrication of UOX from Natural U
Conversion of Repr. U
Enrichment of Repr. U
Fabrication of UOX from Repr U
Fabrication of MOX
Fabrication of FR fuel
[11]
[12]
[13]
[14]
[15]
Reactor Costs
LWR Capital (overnight)
LWR Capacity Factor
FR Capital premium
FR O&M premium
FR Capacity Factor
[16]
[17]
[18]
Reprocessing Cost
UOX, PUREX
UOX, UREX+ or TRUEX
FR fuel, pyroprocessing
[19]
[20]
[21]
[22]
[23]
Waste Costs
Interim Storage of UOX
Interim Storage of MOX
Disposal of Spent UOX
Disposal of Spent MOX
Disposal of HLW from UOX (PUREX)
[24]
[25]
$/kgHM
$/kgHM
$/kgHM
$/SWU
$/kgHM
$/kgHM
$/kgHM
80
10
10
160
250
200%
10%
7%
2,400
2,400
$/kWe
4,000
85%
20%
20%
85%
$/kgHM
$/kgHM
$/kgHM
1,600
1,600
3,200
$/kgiHM
$/kgiHM
$/kgiHM
$/kgiHM
$/kgiHM
d. factor
$/kgFP
Disposal of HLW from UOX (TRUEX) $/kgiHM
Disposal of HLW from FR
$/kgiHM
200
200
469
3,127
188
[26] Discount Rate (real)
188
284
7.6%
Table 1 (continued)
Input Parameter Assumptions
Notes:
Figures are in 2007 dollars.
[16]-[18] Reprocessing costs are inclusive of storage, transportation and
vitrification.
[21]-[25] Disposal costs are inclusive of transportation and packaging.
[21] Equal to the 1 mill/kWh statutory fee given our burn-up assumptions.
Approx. equal to the historical plus forecasted cost of Yucca Mountain charged
on a kWh basis independent of burn-up, using our discount rate.
[22] =[21]/0.15. The 0.15 densification factor applied is based on BCG (2006)
figures; approx. equal to [C-21]/[C/22]. Discrepency arises due to addition of
transportation costs after accounting for the densification factor.
[23] = [24].
[24] = [21]/2.5. The 2.5 densification factor applied is based on Shropshire et al.
(2008) and (2009).
[25] = ([24]/5.146%)*7.8%. I.e., cost is based on the cost of disposal of the HLW
from TRUEX measured per kg fission products, multiplied times the quantity of
fission products in the fast reactor spent fuel.
Table 2
Outputs: LCOE by Components + Price of Plutonium and Price of Transuranics
Once-Through
Cycle
(mill/kWh)
[A]
[1]
[2]
Front-end Fuel Cycle

Capital Charge
f1
[3]
O&M Costs (non-fuel)
[4]
Disposal Cost
m1
d1
[5]
k1
7.11
67.68
7.72
1.30
Reprocessing
[6]
[7]
[8]
[9]
HLW Disposal
Reprocessed Uranium
Plutonium/TRUs
LCOE Total
[10]
[11]
[12]
[13]
[14]
[15]
[16]
[17]
[18]
[19]
[20]
[21]

Depleted Uranium
Plutonium/TRUs
Fabrication
Capital Charge
Disposal Cost
Reprocessing
HLW Disposal
Depleted Uranium
TRUs
LCOE Total
[22] Price of Plutonium, $/kgHM

[23] Price of TRU, $/kgHM
Notes:
[C]
Conversion ratio = 1
83.81
Twice-Through Cycle
(mill/kWh)
[B]
f2,1
7.11
67.68
k2,1
m2,1
d2,1
s2,1
w2,1
u2,1
z2,1
2,1
f2,2
u2,2
z2,2
b2,2
k2,2
m2,2
d2,2
7.72
2.87
f3,L
7.11
67.68
k3,L
m3,L
d3,L
7.72
4.06
2.36
s3,L
2.36
0.40
-0.14
0.25
w3,L
0.40
-0.14
1.43
85.38
3.02
0.03
-4.39
7.38
67.68
7.72
6.96
2,2
p
Fast Reactor Recycle

(mill/kWh)
[C]
85.38
u3,L
z3,L
3,L
f3,F
u3,FA
z3,F
b3,F
k3,F
m3,F
d3,F
s3,F
w3,F
u3,FB
z3,F
3,F
86.57
-15.66
0.02
-19.72
4.05
81.22
9.26
11.74
2.66
0.34
-0.01
8.75
86.57
-15,734
p
-80,974
Fast Reactor Recycle LCOEs for Given Conversion Ratio

CR
[1]
f3,L
[2]
Capital Charge
[3]
k3,L
m3,L
Disposal Cost
d3,L
[4]
[5]
[6]
Reprocessing
HLW Disposal
s3,L
[7]
Reprocessed Uranium
w3,L
[8]
[9]
LCOE Total
u3,L
z3,L
3,L
[10]
[11]
[12]
[13]
[14]
[15]
[16]
[17]
[18]
[19]
[20]
[21]

Depleted Uranium
Plutonium/TRUs
Fabrication
Capital Charge
Disposal Cost
Reprocessing
HLW Disposal
Depleted Uranium
TRUs
LCOE Total
f3,F
u3,FA
z3,F
b3,F
k3,F
m3,F
d3,F
s3,F
w3,F
u3,FB
z3,F
3,F
[22]
Price of TRU, $/kgHM
Plutonium/TRUs
1
(mill/kWh)
[A]
7.11
67.68
7.72
4.06
2.36
0.40
-0.14
1.43
86.57
-15.66
0.02
-19.72
4.05
81.22
9.26
11.74
2.66
0.34
0.02
8.75
86.57
-80,974
Notes:
Except as otherwise noted, all input parameters are as shown in Table 1. The notes below discuss the adjustments
that must be accounted for as the conversion ratio is changed.
As the CR increases, the burnup per kgHM decreases. We have 132, 73 and 55 MWd/kgHM for CR=0.5, 1 and
1.2, respectively. We keep the cost of fabrication and reprocessing, measured in $/kgHM, constant. Consequently,
the cost measured in $/kWh will increase as the CR increases. Arguably, the higher CR means a lower TRU
concentration in the fuel and therefore a possibly lower fabrication cost measured in $/kgHM.
As the CR increases, the cycle length also increases. The average residence time in the reactor is 4.4, 4.2 and 6.7
for CR=0.5, 1 and 1.2, respectively. One consequence of these residence times is that although the ratio of burnup
to fission products is fairly constant, the timing of the realization of the disposal cost varies. This explains line [18]
above.
We keep the cost of disposal of the separated waste from the fast reactor fuel constant in $/kgFP. This means a
varying cost when measured in $/kgHM of initial heavy metal.
l
Eff. Capacity (
l =
f1
10.04
33605
337351
7.11
64.87
7.42
1.30
k1
l
3.83
1141657
l = 3.35787E-006
m1
d1
f
Eff. Capacity (
f =
19.57
31447
615314
f
3.59
585732
f = 6.12462E-006
0.445
Ql =
337351
Qf =
44041
0.885
Validation Lists
Once Through /Once Through / High Burnup
Spent fuel recy Spent fuel recycling into CUNFU
TRU recycle in TRU recycle intTRU recycle into burner FR
Spent MOX
Spent UOX
Fuel Cycle 1 vsFuel Cycle 1 vsFuel Cycle 2 vs. Fuel Cycle 3
Uranium Cost UOX ReprocessUOX Disposal Fee

33
50
80
Yucca MountainPresent Fee
1
0
f2,1
f3,1
=
7.11
64.87
7.42
k2,1
7.11
64.87
7.42
k3,1
m2,1
m3,1
d2,1
d3,1
= s2,1
= s3,1
=
2.36
0.40
+w2,1
2.36
0.40
=
-z3,1
z2l/pTRU=
-0.14
+w3,1
-u2,1
-u3,1
=
-z2,1
z2,1/pPu=
-0.14
1.57E-05
f2,2
1.77E-05
f3,2
= b2,2
= b3,2
=
7.38
+u2,2
4.05
=
+z3,2
z3,2/pTRU=
0.02
+u3,2
=
+z2,2
z2,2/pPu=
k2,2
0.03
2.79E-04
2.43E-04
k3,2
=
64.87
7.42
6.96
m2,2
77.84
8.90
m3,2
d2,2
d3,2
= s2f
=
2.66
0.34
0.01
1.08E-04
+w3,2
-u3,2
z3,2
OX Disposal Fee

DeRooParsons Spreadsheet

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DeRooParsons Spreadsheet

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This spreadsheet accompanies the paper:

SOLVING... AFTER MAKING ANY CHANGES TO THE INPUTS, IT IS NECESSARY TO

of the Nuclear Fuel Cycle study.

Fuel Cycle 1 Once Through / High Burnup

General Economic Parameters

kgHM kilogram of Heavy Metal

Fuel Cycle Economic Parameters

Fabrication of UOX fuel for LWR

for Reprocessed Uranium

Reprocessing of Spent UOX

Interim Storage for UOX

Interim Storage for MOX

Geological Disposal of Spent UOX 50 MWd/k

Disposal of HLW from Breeder

Time between discharge and dry storage/repr

Cycle Length (yrs)

Time between discharge and reprocessing

Fuel Cycle Technical Parameters

Reactors Construction Schedule

Recycling Plants Construction Schedule

Reactors Depreciation Schedule

Fuel Depreciation Schedule

Extensive Fuel Data for LWRs

Composition expressed in weight percentage of the iHM

Spent UOX (after 5yrs cooling)

Extensive Technical Data for FRs

Spent MOX (after 7yrs cooling)

After making any changes to the inputs, it is necessary to

X (after 5yrs cooling)

pent MOX (after 7yrs cooling)

Fuel Cycle 1 Mass Flow

Fuel Cycle 2 Mass Flow

Fuel Cycle 1->3 Mass Flow

Fuel Cycle 2->3 Mass Flow

Cos t of UOX fue l

from Fresh Uranium

from Reprocessed Uranium

Cost Comparison (Calculation at Time of Loading)

Cost of MOX fue l

Cost Calculation at time of loading

-12286.9 Price of Reprocessed U/TRU ($/kgHM)

Cost of MOX fue l for FC2 (Tim e of Loading)

Cos t of UOX fue l (Tim e of Loading)

Overnight Cost (M$/Gwe)

After Tax NPV

After Tax NPV

Calculation of Yucca Mountain Cost

Discharged Nuclear Waste

Accepted Nuclear Waste

Cost, Waste Discharge and Electricity Production Profiles in the US

Assumption for Future Licensing in the US

Nine Mile Point

and generated heat, using

Assumed overall capacity factor after 2002

After these limits, values are prospective

capacity factor after 2002

values are prospective

Fuel Cycle Expenses

Time Frame (years)

Produced by UOX (MWh)

ront End Cost ($/kgUOX)

Front End Cost (mill/kWh)

Interim Storage (mill/kWh)

Implicit Value of Separated Pu