LR-N12-0092, Guarantees of Payment of Deferred Premiums
| ML12089A446 | |
| Person / Time | |
|---|---|
| Site: | Salem, Hope Creek  |
| Issue date: | 03/29/2012 |
| From: | Duke P Public Service Enterprise Group |
| To: | Office of Nuclear Reactor Regulation, Document Control Desk |
| References | |
| LR-N12-0092 | |
| Download: ML12089A446 (4) | |
Text
LR-N12-0092 March 29, 2012 PSEG Nuclear LLC P.O. Box 236, Hancocks Bridge, NJ 08038-0236 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001 Salem Generating Station, Units 1 and 2 OPSEG Nuclear LLC 10 CFR 140.21(e)
Renewed Facility Operating License Nos. DPR-70 and DPR-75 NRC Docket Nos. 50-272 and 50-311
Subject:
Hope Creek Generating Station Renewed Facility Operating License No. NPF-57 NRC Docket No. 50-354 Guarantees of Payment of Deferred Premiums PSEG Nuclear LLC (PSEG) as the licensee of the Salem Generating Station Units 1 and 2 and the Hope Creek Generating Station, submits supporting documentation to satisfy the guarantee of payment of deferred premium requirements as provided under 10 CFR 140.21 (e) of the Regulations of the Nuclear Regulatory Commission.
The 2011 PSEG Power LLC Consolidated Statement of Cash Flows is included as to meet the requirement to provide evidence that a cash flow can be generated and would be available for payment of retrospective premiums. The 2011 PSEG Power LLC Consolidated Statement of Cash Flows is an annual certified financial statement extracted from the PSEG 2011 Annual Report I Form 10-K. The Form 10-K is publicly available on the internet at the following Uniform Resource Locator (URL):
http://investor.pseg.com/phoenix.zhtml?c=99807 &p= I RO L -reportsannual There are no regulatory commitments contained in this submittal.
LR-N12-0092 Page 2 Sincerely, Paul R. Duke, Jr.
Manager - Licensing
~:::~y
Mr. W. Dean, Administrator, Region I, NRC Mr. R. Ennis, Project Manager, NRC NRC Senior Resident Inspector, Salem NRC Senior Resident Inspector, Hope Creek Mr. P. Mulligan, Manager IV, NJBNE 10 CFR 140.21(e)
Mr. L. Marabella, Corporate Commitment Tracking Coordinator Mr. K. Yearwood, Hope Creek Commitment Tracking Coordinator Mr. Thomas Cachaza, Salem Commitment Tracking Coordinator PSEG Power LLC Consolidated Statements of Cash Flows
PSEG POWER LLC CONSOLIDATED STATEMENTS OF CASH FLOWS Millions CASH FLOWS FROM OPERATING ACTIVITIES Net Inc()me :;
Adjustments to Reconcile Net Income to Net Cash Flows from Operating i\\ctivities:
Gain on Disposalqi'J)lscontinued Operations Depreciation and J\\tnortization Amortization of Nuclear Fuel Provision for Deferred Income Taxes and ITC
- .IIlterest Accretion on Asset Retirement Obligation
... Net Realized and Unrealized (Gains) Losses on
- ,
- i["oss()n E~ly ~xtingl\\ishment9K J)~)Jt Non-Cash Employee Benefit Plan Costs
,, Net Re~l\\ie,4(Q~iris)f()~~esatl4'(Irl60iIie);'E~p~p~~;,from@Ifunds Net Change in Certain Current Assets and Liabilities:
'fluel,MateiialsaM'Supplies Margin Deposit 1\\.Gcounts Receivable Accounts Payable A6dbin'ltSR~~~iy~bI~jp~Yfibfe~Aftiliatea'cC;iIipa$¥~,net"'i}!
Other Current Assets and Liabilities
- )~PiploY~~J:3enefit Plan Funding fiIld R,elfiteg :paYtnents Other
'NetCashPrbYld~d'By(tJsed Ill)' operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Additi6ti~;'.t9i::pmp¢rty,Plari( ~ridE:qliipin(#"',
Settlement of Spent Nuclear Fuel Claim
- J>I;9cee<
- i~ Jmtn~ale of DiscoIltinuedOperations Proceeds fmm Sales of Available-for-Sale Securities InvestrtieritSfuA~~J~blecfQr -~a:fe'sedirities(.
,,Short-Term Loan-Affiliated Company, net
'" ';~es,tric,t¢<:i,}=\\tnds Other
>,,;tN~tGfish:pr()videdBy (U~ed In)Investing Acti\\rities CASH FLOWS FROM FINANCING ACTIVITIES Issllatlce 'of R.ec()ur~e l,q'l1g-Term Debt Contributed Capital
- :;G~~~];Hvi<:ieMJ>ai(\\
Redemption of Long-Term Debt
. Redemp!ion bf'N61l-Ret$MseLong-Term Deb{
S~ort~Term Loan-:-:-Affiliated Company, net Casq'!:tayJ)"l~nt911.P~btR,t'fdelI1ptiop!E<::hallgt'f Other
,Net,<:ashProvid~d By (Used In) Financing Acti vitit'fS '
Net Increase (Decrease) in Cash and Cash Equivalents Cash arid Clish'iEqtiiv'~l~I1't~"'arB~g;hl1iriffQ(:peri()d;:':""
Cash and Cash Equivalents at End of Period
.SuPp1ementaL Dis81()~t;.e*.of C~~hFloV/lriformati8n':':'
Income Taxes Paid (Received)
, iritet~s'rPaid;:N~t'ofAmoiil1tsCapitalized For the Years Ended December 31, 2011 2010 2009
$ 1,098'$> 1,143
$1,189 153 231 41 a:m 30 (129) 1 1,812 (509) 0 26 (578) o (500) o (17)
(10) 194
- 136' 650 18 50 0
(66)
(l32) 38
"'<':ri566'"
,~(§f,?)...
16 (398) 2 24 203 121 133 27 25 0
76
,"'(pO)
(27)
(11~l)
(60) 1';658 55 115 29
(1;205)..
(652) o 230 (549)
(940)
(194)
(13).
(4)
(291)
- '(280) 194 (101) o
';'(1,2~$)',: ':':: (414)'[';":'(Q82) 24 12 11 64 171 539 584 176,.$
151
$ )60 See disclosures regarding PSEG Power LLC included in the Notes to Consolidated Financial Statements.
96