LR-N14-0054, PSEG Nuclear LLC as the Licensee of the Salem Generating Station, Units 1 and 2 & Hope Creek Generating Station, Submits Supporting Documentation to Satisfy the Guarantee of Payment of Deferred Premium

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PSEG Nuclear LLC as the Licensee of the Salem Generating Station, Units 1 and 2 & Hope Creek Generating Station, Submits Supporting Documentation to Satisfy the Guarantee of Payment of Deferred Premium
ML14080A188
Person / Time
Site: Salem, Hope Creek  PSEG icon.png
Issue date: 03/21/2014
From: Duke P
Public Service Enterprise Group
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
LR-N14-0054
Download: ML14080A188 (4)
v • d • e


Text

PSEG Nuclear LLC P.O. Box 236, Hancocks Bridge, NJ 08038-0236 PSEG NuclearLLC MAR 21 2014 10 CFR 140.21(e)

LR-N14-0054 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001 Salem Generating Station, Units 1 and 2 Renewed Facility Operating License Nos. DPR-70 and DPR-75 NRC Docket Nos. 50-272 and 50-311 Hope Creek Generating Station Renewed Facility Operating License No. NPF-57 NRC Docket No. 50-354

Subject:

Guarantees of Payment of Deferred Premiums PSEG Nuclear LLC 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).

The 2013 PSEG Power LLC Consolidated Statements 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 2013 PSEG Power LLC Consolidated Statements of Cash Flows is a certified financial statement extracted from the PSEG 2013 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=IROL-reportsannual There are no regulatory commitments contained in this submittal.

MAR 21 2014 10 CFR 140.21(e)

Page 2 LR-N14-0054 If you have any questions or require additional information, please contact Mr. Brian Thomas at 856-339-2022.

Sincerely,

k:

Manager - Licensing Attachment 1 - PSEG Power LLC Consolidated Statements of Cash Flows cc: Mr. W. Dean, Administrator, Region I, NRC Salem and Hope Creek Project Manager, NRC NRC Senior Resident Inspector, Salem NRC Senior Resident Inspector, Hope Creek Mr. P. Mulligan, Manager IV, NJBNE Corporate Commitment Tracking Coordinator Hope Creek Commitment Tracking Coordinator Salem Commitment Tracking Coordinator

LR-N14-0054 Attachment 1 PSEG Power LLC Consolidated Statements of Cash Flows

PSEG POWER LLC CONSOLIDATED STATEMENTS OF CASH FLOWS Millions Years Ended December 31, 2013 2012 2011 CASH FLOWS FROM OPERATING ACTIVITIES NetlhCome $ 644 $ 666 $ 1,109 Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:

Gaht on Disposal ofDisMntitn.ieclC>pel'ations * ** *

(121)

Depreciation and Amortization 273 242 235 Aruortizatioh Of'NuclafE111 HJ2 :d13 J$3 Provision for Deferred Income Taxes and ITC 122 397 237 tiiterestAocreticm oJAKset'Ret!i;eruent Obligntion - 1 ls Net Realized and Unrealized (Gains) Losses on 63 (165)

'NIt-Ca%h BmployM Be,{;flp_:(;6ts 70 4t;

  • Net Realized (Gains) Losses and (Income) Expense from NDT Fund (118) (117)

L&et9h1irte inGetl:ilin Cutretl't!§sets and LIliiHHes: .

Fuel, Materials and Supplies (8) 47 (26)

-¥arglrt t)eposif ** {43) (116) 4 24 196 Accounts Receivable (4)

.

  • XIYcoltntszpiable 2'lf (!t56)

Accounts Receivable/Payable-Affiliated Companies, net 459 Jit}f:U.lntefst PfiNe.. . . . . . . .. .... .. . '* '* ....

Other Current Assets and Liabilities

. l?fflP"loe::aen:tlt'lqFif#ttm mcl)\e!axecl Payfri,ents.

  • Other Net Cash Provill?.J' ('Qsiln) Qpftiltia":Ac{Iv;ifies CASH FLOWS FROM INVESTING ACTIVITIES Additions to Property, Plant and Equipment (757)

Prbeegs fi:§m Sale ofDI$66#irrd2;¢perat1ns 687 Proceeds from Sales of Available-for-Sale Securities 1,084 1,478 1,355 tfivt!Yieitrlrr!Available-ifor:sals;trtifies '\lslQJ.

  • _(t_:.so 6'J_*
  • rt.$'8'

/:, ,?." ->-J:o' (216) 333 (509)

. (f) }1) {26**

(861) (472) (578) 500 544 (7d.tf'.

Redemption of Long-Term Debt (414)9 * * * *

  • 2* :5;0)

(1,

.::\?'f1trottecaRr': .. 6 Cash Payment on Debt Redemption/Exchange (15) (17) GHHr. :r,*(&)? . ,:J\7JJL' {JQ) Net Cash Provided By (Used In) Financing Activities (487) (986) (1,238) Nt'1hl'e**.(a:rf!J:q{11, nhjvriln t§J** **. (1). :*** . <.: *. ($). i/ L !' Cash and Cash Equivalents at Beginning of Period 

.: *'cifJ,,;;1;pash.1t(Juf1ila6:t§ at}iJ1 t.Pilld;                      * '

Supplemental Disclosure of Cash Flow Information: 

          . lncorpe Tix,e$ Pg!d{l%e91fY:edt.

Interest Paid, Net of Amounts

  • Capitalized 6pnel Prtfrt.ElE1,d[ap Eq\IiB¥fitExpepdltgres See disclosures regarding PSEG Power LLC included in the Notes to Consolidated Financial Statements.

79}}

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