CP-202100086, (CPNPP) - Guarantees of Payment of Deferred Premiums
| ML21041A518 | |
| Person / Time | |
|---|---|
| Site: | Comanche Peak  |
| Issue date: | 02/10/2021 |
| From: | Hicks J Luminant, Vistra Operations Company |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| CP-202100086, TXX-21052 | |
| Download: ML21041A518 (5) | |
Text
Cor'rcrte Peak N&ciea' Power P
)Vistra Operatiors Company LLC)
P.O. Box 1002 6322 North FM 56 Glen Rose, TX 76043 Jack C. Hicks Manager, Regulatory Affairs Luminant T 254.897.6725 CP-2021 00086 TXX-21052 February 10, 2021 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001 Ref
Subject:
Comanche Peak Nuclear Power Plant (CPNPP)
Docket Nos. 50-445 and 50-446 Guarantees of Payment of Deferred Premiums
Dear Sir or Madam:
Pursuant to 10 CFR 140.21(e), Vistra Operations Company LLC (Vistra OpCo) hereby submits condensed consolidated financial statements for Vistra Corp. as of September 30, 2020, to demonstrate the Company's ability to pay deferred premiums under the Secondary Financial Program. The cash flow for the quarterly period ending September 30, 2020, is found on pages 2 and 3 of United States Securities and Exchange Commission (SEC) Form 10-Q report (see Enclosure for pages 2 and 3).
The Vistra Corp. SEC Form 10-Q Report for the period ended September 30, 2020, can be accessed at the following u.rl address:
https:/ / www.sec.gov/ Archives/edgar! data/ 1692819/ 0001 69281920000019/vistra-20200930.htm
TXX-21 052 Page 2 of 2 This communication contains no new commitments regarding CPNPP Units I and 2.
Should you have any questions, please contact Carl B. Corbin at (254) 897-0121 or carl.corbin©luminant.com.
Sincerely, Enclosure
Vistra Corp. SEC 1O-Q as of September 30, 2020 (Pages 2 and 3) c (email) -
Scott Morris, Region TV [ScottMorris©nrc.gov]
Dennis Galvin, NRR [Dennis.Galvin@nrc.gov]
John Ellegood, Senior Resident Inspector, CPNPP [John.Ellegood©nrc.govj Neil Day, Resident Inspector, CPNPP [Neil.Day©nrc.gov]
Enclosure to TXX-21-052 Vistra Corp. SEC I O-Q as of September 3 0, 2020 (Pages 2 and 3)
Cash flows - investing activities:
Capital expenditures, including nuclear fuel purchases and 1 TSA prepayments Crius acquisition (net of cash acquired) (Note 2)
Proceeds from sales of nuclear decommissioning trust thud securities (Note 18)
Investments in nuclear decommissioning trust thud securities (Note 18)
(838)
(474)
(374) 291 354 (307)
(370)
Proceeds from sales of environmental allowances Purchases of environmental allowances Proceeds from sale of assets Other.,net Cash used in investing activities 91 32 (210)
(169) 23 6
23
- 1.
(927)
(979) 4.600 (955)
(4.668) 175 261 1075 100 (1,425)
(100)
(632)
(1 98)
(1 8 1
( 17)
(17)))
(3 )
6 Table of Contents VISTRA CORP.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Millions of Dollars)
Nine Months Ended September 30, 2020
2019 Cash flows - operating activities:
Net income
651.
692 Adjustments to reconcile net income to cash provided by operatug activities:
Depreciation and amortization
1.512
1 394 Deferred income tax expense. net
264
254 Impairment of long-lived assets (Note 1 8)
356 Loss on disposal of investment in NFl P (Note 1 8)
29 J_j realized net gain from mark-to-market valuations of commodities
(444)
(625) tin-realized net loss from mark-to-market valuations of interest rate swaps
181
275 Asset retirement obligation accretion expense
33
40 Impacts of lax Receivable Agreement (Note 8)
(44)
26 Stock-based compensation
46
35 Other, net
115
12 Changes in operating assets and liabilities:
Margin deposits, net
hO
129 Accrued interest
(97)
15 Accrued taxes
(35)
(3 1)
Accrued employee incentive
(20)
(53)
Other operating assets and liabilities
(257)
(_34 0)
Cash provided by operating activities
2 350
1.823 Cash flows - financing activities:
Issuances of long-term debt (Note 11)
Repayments/repurchases of debt (Note II)
Net borrowings under accounts receivable securitization program (Note I W Borrowings under Revolving Credit Facility (Note 11)
Repayments under Revolving Credit Facility (Note 11)
Stock repurchase (Note 13)
Dividends paid to stockholders (Note 1 3)
Debt tender oiler and other financing fees (Note 11)
Other, net Cash used in financing activities
(1,348)
(784)
lahic of Contents VISTRA CORP.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Millions of Dollars)
Nine Months Ended September 30, 2020
2019 Net change in cash, cash equivalents and restricted cash
75
60 Cash, cash equivalents and restricted cash - beginning balance
475
693 Cash, cash equivalents and restricted cash - ending balance
550 S
753 See Notes to the Condensed Consolidated Financial Statements.