LR-N19-0031, Guarantees of Payment of Deferred Premiums

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Guarantees of Payment of Deferred Premiums
ML19085A354
Person / Time
Site: Salem, Hope Creek  PSEG icon.png
Issue date: 03/26/2019
From: Duke P
Public Service Enterprise Group
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
LR-N19-0031
Download: ML19085A354 (4)
v • d • e


Text

PSEG Nuclear LLC P.O. Box 236, Hancocks Bridge, New Jersey 08038-0236 0PSEG Nuclear LLC LR-N19-0031 10 CFR 140.21 (e)

MAR 2 6 2019 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001 Hope Creek Generating Station Renewed Facility Operating License No. NPF-57 NRC Docket No. 50-354 Salem Generating Station, Units 1 and 2 Renewed Facility Operating License Nos. DPR-70 and DPR-75 NRC Docket Nos. 50-272, 50-311

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 2018 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 2018 PSEG Power LLC Consolidated Statements of Cash Flows is a certified financial statement extracted from the PSEG 2018 Annual Report I Form 10-K. The Form 10-K is publicly available on the internet at the following Uniform Resource Locator (URL):

https ://www .sec.govIArch ives/edga rIdata/81033/000078878419000005/pseg201810k. htm There are no regulatory commitments contained in this submittal. If you have any questions or require additional information, please contact Mr. Michael Wiwel at 856-339-7907.

Respectfully, I

Manager - Licensing

Page 2 10 CFR 140.21 (e)

LR-N19-0031 - PSEG Power LLC Consolidated Statements of Cash Flows cc: Mr. D. Lew, Administrator, Region I, NRC Mr. J. Kim, Project Manager, NRC NRC Senior Resident Inspector, Hope Creek NRC Senior Resident Inspector, Salem Mr. P. Mulligan, Chief, NJBNE PSEG Corporate Commitment Tracking Coordinator Hope Creek Commitment Tracking Coordinator Salem Commitment Tracking Coordinator

LR-N19-0031 Attachment 1 PSEG Power LLC Consolidated Statements of Cash Flows

LR-N19-0031 PSEG POWER LLC CONSOLIDATED STATEMENTS OF CASH FLOWS Millions Yea1*s Ended December 31, 2018 2017 2016 CASH FLOWS FROM OPERATING ACTIVITIES "N"eflnc,Oi:lle $ 365. $ 479 $ 18 Adjnstme.nts to Reoncite Net Income to Net Cash Flows from Operating Activities:

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D4n , ,. **.. **

, .... .. ., . . 354 l.268 881 Amortization ofNuclear Fuel 1 87 199 203 fr:6'llis Ot1 !cii ¥edfu.C<>?i Taxes aha 11'C 206 (87) (208)

Interest Accretion Asset Retirement Obligation 41 30 26 on

, . *R# illd, ijc)LsElietg}rC:b:aets.Bi# (ltii¥petiva*1¥s 116 188 183 Elni.ssion AlloW:ins 8lld Renwable Energy Credit (REC) Colliplianee Accnla't 97 103 109

¥PC6st8. f9rt:rPiantt *. . . . .

102 Non-Cash Employee Benefit Plan Costs 23 28 39

<3 qrl'aii ofu&dti d er)1iitti. (54)

N'cGains) Losses (Income) Expe ft1JlNDT Fd 98 (156) (26).

!'f* eil,tAstfj d.J.:ial>!Jities ue!* te_ri:th ,and Supplies (39) 42 31 Mivgllt JJet>osit.* {247) . (90) (76)

Accounts Receivable 51 (45) (71)

C>llt,it 1'Bfa6te / (1'3) 39 (2l) c1.llltsR:eceivabyablted Companies. net (56) (2) 6 Othe£ (;wrent .t\ii sets 'alld . I;.iabilities <40r 10 10

  • Employee Benefit Plan F1mding and Related Payments (9) (7) (1 3) oa-* .. . . ................... *********** ........ . 4 47.>**. 63 Net Cash Provided By (Used In) Operating Activities 1,084 1,326 1,255 CASH FLOWS FROM INVESTING ACTIVITIES 1\.#0i#.t<lP,r.' .8¥*.E(iii)riit . (996) (1,231) (1,343)
  • Purchase ofEmissiOJlS Allowances and RECs (146) (117) (99)

' * *ro,'¢# 8315 ofT,rqSt ln.'L'fu'Jets J.423 .182 }39 Purcllases of Trust Investments (1,392) (2,199) (766)

.*. *$(>t#I.:Affi1jfu4 9'D1P21ni .* g7 ii.*

Other 60 46 46

.:f;rovicleti l:lr* Wsed. Ia) Iiistitigvi ,...,.*...-c"'"""

1,o__,s ...,..1) . {1;232) ; c1.'t47>

CASH FLOWS FROM FINANCING ACTIVITIES Jsft¢ig+Tefu{b**** .100 -

,700 Cash Divide.nd Paid (400) (5) (250)

    1. 'tL,tt* *. . C?.50)***  : (53)
    • a***Short-Tenn* *** Loan-A:fillia
      • .* * ********** te Company
    • d****** * ** * ** (88) 281
  • . * *. >(5) '(4) (65
Nt clip;v!<l:B)'(Ucl hi)Fhi!*A:tiitis (43) (73) (109)
    • *(10) '21*;

. l':iri Q:>#) #i-F*.fiiyaJ,s.#e#r¥4.P* . **

  • m Cash, Cash Equivalents and Restricted Cash at Beginning of Period . 32 11 12

¢¢cililYat 1{¥-it4.98*tM§fid. . . . . .. $ :22 .$ 32 *$* Jf Supplemental Disclosure of Cash Flow* Infonnation: * * *

  • 50
  • t#r*@#ir:*** * ** * * * * * * ********* * * $ *.i(92) $ ' 77 ***$

Interest Paid, Net ofAmounts Capitalized '$ ' '-j3 $ 48 $ 81

    • * .tji>f9.*rit.il' .Efiliipt}tlq,efillifm: $ / 1Ci? >] > 293 l *244
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