LR-N17-0042, Guarantees of Payment of Deferred Premiums
| ML17083A197 | |
| Person / Time | |
|---|---|
| Site: | Salem, Hope Creek  |
| Issue date: | 03/24/2017 |
| From: | David Mannai Public Service Enterprise Group |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| LR-N17-0042 | |
| Download: ML17083A197 (5) | |
Text
PSEG Nuclear LLC P.O. Box 236, Hancoclm Bridge, New Jersey 08038*0236 MA:R 2 42017 LR-N 17-0042 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001
Subject:
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 Guarantees of Payment of Deferred Premiums PSE<I Nit cleaT LLC 10 CFR 140.21(e)
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 2016 PSEG Power LLC Consolidated Statements of Cash Flows is included as Attachment 1 to meet the requirement to provide evidence that a cash flow can be generated and would be available for payment of retrospective premiums. The 2016 PSEG Power LLC Consolidated Statements of Cash Flows is a certified financial statement extracted from the PSEG 2016 Annual Report I Form 1 0-K. The Form 1 0-K is publicly available on the internet at the following Uniform Resource Locator (URL):
https://www.sec.gov/Archives/edgar/data/81 033/000078878417000003/pseg20161 Okq4.htm There are no regulatory commitments contained in this submittal. If you have any questions or require additional information, please contact Ms. Tanya Timberman at 856-339-1426.
- 4{
Davi
Senior Director, Regulatory Operations
Page 2 MAR 2 42017 LR-N 17-0042 - PSEG Power LLC Consolidated Statements of Cash Flows cc:
Mr. D. Dorman, Administrator, Region I, NRC Ms. C. Parker, Project Manager, NRC NRC Senior Resident Inspector, Salem NRC Senior Resident Inspector, Hope Creek Mr. P. Mulligan, Chief, NJBNE Corporate Commitment Tracking Coordinator Hope Creek Commitment Tracking Coordinator Salem Commitment Tracking Coordinator 10 CFR 140.21(e)
LR-N17-0042 PSEG Power LLC Consolidated Statements of Cash Flows
LR-N17-0042 PSEG POWER LLC CONSOLIDATED STATEMENTS OF CASH FLOWS Millions CASH FLOWS FROM OPERATING ACTIVITIES Net Income Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:
Depreciation and Amortization Amortization of Nuclear Fuel Provision for Deferred Income Taxes and ITC Interest Accretion on Asset Retirement Obligation Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives Renewable Energy Credit (REC) Compliance Accrual Impairment Costs for Early Plant Retirements Non-Cash Employee Benefit Plan Costs Net Realized (Gairis) Losses and (Income) Expense from NDT Fund Net Change in Certain Current Assets and Liabilities:
Fuel, Materials and Supplies Margin Deposit Accounts Receivable Accounts Payable Accounts Receivable/Payable-Affiliated Companies, net Other Current Assets and Liabilities Employee Benefit Plan Funding and Related Payments Other Net Cash Provided By (Used In) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Additions to Property, Plant and Equipment Purchase of Emissions Allowances and RECs Proceeds from Sales of A vailable*for-Sale Secutities Investments in Available-for-Sale Securities Short-Term LounAffiliated Company, net Other Net Cash Provided By (Used In) Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Issuance of Long-Term Debt Cash Dividend Paid Redemption of Long-Term Debt Other Net Cash Provided By (Used In) Financing Activities Years Ended December 31, 2016 2015 2014 18 856
$ 760 881 291 292 203 213 200 (208) 261 221 26 26 30 183 (143)
(93) 109 104 69 102 39 48 13 (26)
(38)
(166) 31 62 19 (76) 122 (22)
(71) 63 (15)
(22)
(46)
(59) 6 (84) 220 10 (36)
(6)
(13)
(11)
(7):
63 18 (31) 1,255 1,706 1,425.
(1,343)
(1,117)
(626)
(99)
(106)
(101) 739 1,422 1,557 (766)
(1,455)
(1,573) 276 221 206 46 34 13 (1,147)
(1,001)
(524) 700 (250)
(400)
(895)
(553)
(300)
(6)
(2)
(3)
(109)
(702)
(898)
LR*N17-0042 Net Increase (Decrease) in Cash and Cash Equivalents (1) 3 3
Cash and Cash Equivalents at Beginning ofperiod 12 9
6 Cash and Cash Equivalents at End of Period 11 12 9
Supplemental Disclosure of Cash Flow Information:
Income Taxes Paid (Received) so 393 68 Interest Paid, Net of Amounts Capitalized 81
$ 116
$ 119 Accrued Prbperty, Plant and Equipment Expenditures 244 114 91 See disclosures regarding PSEG Power LLC included in the Notes to Consolidated Financial Statements.