ML080590178
| ML080590178 | |
| Person / Time | |
|---|---|
| Site: | Dresden, Peach Bottom, Oyster Creek, Byron, Braidwood, Limerick, Clinton, Quad Cities, Zion, LaSalle, Crane  |
| Issue date: | 03/17/2008 |
| From: | Gratton C NRC/NRR/ADRO/DORL/LPLIII-2 |
| To: | Pardee C AmerGen Energy Co, Exelon Generation Co |
| Gratton C, NRR/DORL 415-1055 | |
| References | |
| TAC MD5298, TAC MD5299, TAC MD5300, TAC MD5301, TAC MD5302, TAC MD5303, TAC MD5304, TAC MD5305, TAC MD5306, TAC MD5307, TAC MD5308, TAC MD5309, TAC MD5310, TAC MD5311, TAC MD5312, TAC MD5313, TAC MD5314 | |
| Download: ML080590178 (11) | |
Text
March 17, 2008 Mr. Charles G. Pardee Chief Nuclear Officer and Senior Vice President Exelon Generation Company, LLC Chief Nuclear Officer AmerGen Energy Company, LLC 4300 Winfield Road Warrenville, IL 60555
SUBJECT:
BRAIDWOOD STATION, UNITS 1 AND 2; BYRON STATION, UNIT NOS. 1 AND 2; CLINTON POWER STATION, UNIT NO. 1; DRESDEN NUCLEAR POWER STATION, UNITS 1, 2 AND 3; LASALLE COUNTY STATION, UNITS 1 AND 2; LIMERICK GENERATING STATION, UNITS 1 AND 2; OYSTER CREEK NUCLEAR GENERATING STATION; PEACH BOTTOM ATOMIC POWER STATION, UNITS 1, 2, AND 3; QUAD CITIES NUCLEAR POWER STATION, UNITS 1 AND 2; THREE MILE ISLAND NUCLEAR STATION, UNIT 1; AND ZION NUCLEAR POWER STATION, UNITS 1 AND 2 - ANNUAL FINANCIAL REPORT SUBMISSION (TAC NOS. MD5298 THRU MD5314)
Dear Mr. Pardee By letter to the Nuclear Regulatory Commission (NRC) dated April 12, 2007, Exelon Generation Company, LLC (EGC), and AmerGen Energy Company, LLC (AmerGen), notified the Nuclear Regulatory Commission (NRC) staff that Exelon Corporation and its subsidiaries, file combined quarterly financial reports, Form 10-Qs, and annual financial filing reports, Form 10-Ks, that meet the requirements of the revised Title 10 of the Code of Federal Regulations (10 CFR),
Part 50, Section 50.71(b), and 10 CFR 72.80(b). Therefore, EGC will no longer submit annual financial reports for either EGC or AmerGen.
As stated in your letter, Exelon Corporation is a utility holding company that operates through its principal subsidiaries, Commonwealth Edison Company, PECO Energy Company, and EGC.
EGC is the licensee for Braidwood Station, Units 1 and 2; Byron Station, Unit Nos. 1 and 2; Dresden Nuclear Power Station, Units 1, 2, and 3; LaSalle County Station, Units 1 and 2; Limerick Generating Station, Units 1 and 2; Peach Bottom Atomic Power Station, Units 1, 2, and 3; Quad Cities Nuclear Power Station, Units 1 and 2; and Zion Nuclear Power Station, Units 1 and 2. Amergen is a wholly owned subsidiary of EGC, and is the licensee for Clinton Power Station, Unit No. 1; Oyster Creek Nuclear Generating Station; and Three Mile Island Nuclear Station, Unit 1. AmerGen and EGC also stated that the financial information for EGCs ownership interest in the 11 nuclear stations listed above is consolidated in the quarterly EGC Form 10-Q and the annual Form 10-K filings.
The requirements for providing annual financial information can be found in 10 CFR 50.71, Maintenance of records, making of reports, paragraph (b), and in 10 CFR 72.80, Other records and reports, paragraph (b). The requirements state that licensees and holders of construction permits who submit a Form 10-Q with the Securities and Exchange Commission (SEC), or a Form 1 with the Federal Energy Regulatory Commission (FERC), need not submit an annual financial report or the certified financial statements.
C. Pardee Based on the NRC staffs review of the EGC Form 10-K with the SEC, the NRC staff acknowledges that EGC does not need to file a separate annual financial report and certified financial statements with the NRC because EGCs submittal of Forms 10-Q and 10-K with the SEC are sufficient to meet the requirements of 10 CFR 50.71(b), and 10 CFR 72.80(b).
It should be noted, however, that AmerGen must meet the requirements of 10 CFR 50.71(b) and 10 CFR 72.80(b), as the licensee for the three nuclear stations listed above. While AmerGen is a wholly-owned subsidiary of EGC, the financial information EGC files with the SEC does not provide the NRC staff with sufficient financial information specific to AmerGen to meet the requirements of 10 CFR 50.71(b) and 10 CFR 72.80(b). The NRC staff has enclosed the minimum information for an annual financial report that would satisfy the requirements of 10 CFR 50.71(b) and 10 CFR 72.80(b), in lieu of filing an SEC Form 10-Q or FERC Form 1.
If you have any questions regarding this letter, please contact me at 301-415-1055.
Sincerely,
/RA/
Christopher Gratton, Senior Project Manager Plant Licensing Branch III-2 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation Docket Nos. STN 50-456, STN 50-457, STN 50-454, STN 50-455, 50-461, 50-10, 50-237, 50-249, 50-373, 50-374, 50-352, 50-353, 50-219, 50-171, 50-277, 50-278, 50-254, 50-265, 50-289, 50-295 and 50-304
Enclosure:
Example Annual Financial Report Information cc w/encl: See next page
ML080590178 OFFICE LPL3-2/PM LPL3-2/LA DPR/PFPB/BC (A)
LPL3-2/BC NAME CGratton EWhitt Acosta LChang BMizuno RGibbs DATE 3/17/ 08 3/17/08 3 / 11 / 08 3 / 5 / 08 3 / 7 / 08 3/17/ 08 Byron/Braidwood Stations cc:
Corporate Distribution Exelon Generation Company, LLC Via e-mail Byron Distribution Exelon Generation Company, LLC Via e-mail Braidwood Distribution Exelon Generation Company, LLC Via e-mail Dwain W. Alexander, Project Manager Westinghouse Electric Corporation Via e-mail Howard A. Learner Environmental Law and Policy Center of the Midwest Via e-mail Byron Resident Inspector U.S. Nuclear Regulatory Commission Via e-mail Ms. Lorraine Creek RR 1, Box 182 Manteno, IL 60950 Chairman, Ogle County Board Post Office Box 357 Oregon, IL 61061 Mrs. Phillip B. Johnson 1907 Stratford Lane Rockford, IL 61107 Attorney General Springfield, IL 62701 Via e-mail Chairman Will County Board of Supervisors Will County Board Courthouse Joliet, IL 60434 Illinois Emergency Management Agency Division of Disaster Assistance &
Preparedness Via e-mail Mr. Barry Quigley 3512 Louisiana Rockford, IL 61108 Braidwood Resident Inspector U.S. Nuclear Regulatory Commission Via e-mail Will County Executive Via e-mail Ms. Bridget Little Rorem Appleseed Coordinator Via e-mail
Clinton Power Station, Unit 1 cc:
Clinton Distribution Exelon Generation Company, LLC Via e-mail Clinton Resident Inspector U.S. Nuclear Regulatory Commission Via e-mail Chairman of DeWitt County c/o County Clerk=s Office Via e-mail J. W. Blattner, Project Manager Sargent & Lundy Engineers Via e-mail Dresden and Quad Cities Nuclear Power Stations cc:
Corporate Distribution Exelon Generation Company, LLC Via e-mail Dresden Distribution Exelon Generation Company, LLC Via e-mail Quad Cities Distribution Exelon Generation Company, LLC Via e-mail Dresden Resident Inspector U.S. Nuclear Regulatory Commission Via e-mail Chairman Grundy County Board Via e-mail Quad Cities Resident Inspector U.S. Nuclear Regulatory Commission Via e-mail David C. Tubbs MidAmerican Energy Company Via e-mail Managing Senior Attorney MidAmerican Energy Company Via e-mail Chairman Rock Island County Board of Supervisors Via e-mail LaSalle County Station, Units 1 and 2 cc:
LaSalle Distribution Exelon Generation Company, LLC Via e-mail LaSalle Resident Inspector U.S. Nuclear Regulatory Commission Via e-mail Sidley and Austin Chicago, IL 60603 Via e-mail Assistant Attorney General Chicago, IL 60601 Via e-mail Chairman LaSalle County Board Via e-mail Chairman Illinois Commerce Commission Via e-mail Robert Cushing, Chief, Public Utilities Division Illinois Attorney General's Office 100 W. Randolph Street Chicago, IL 60601
Limerick Generating Station, Unit Nos. 1 and 2 cc:
Site Vice President Limerick Generating Station Exelon Generation Company, LLC P.O. Box 2300 Sanatoga, PA 19464 Plant Manager Limerick Generating Station Exelon Generation Company, LLC P.O. Box 2300 Sanatoga, PA 19464 Regulatory Assurance Manager - Limerick Exelon Generation Company, LLC P.O. Box 2300 Sanatoga, PA 19464 Vice President - Operations, Mid-Atlantic Exelon Generation Company, LLC 200 Exelon Way, KSA 3-N Kennett Square, PA 19348 Vice President Licensing and Regulatory Affairs Exelon Generation Company, LLC 4300 Winfield Road Warrenville, IL 60555 Director Licensing and Regulatory Affairs Exelon Generation Company, LLC 200 Exelon Way, KSA 3-E Kennett Square, PA 19348 Manager Licensing Exelon Generation Company, LLC 200 Exelon Way, KSA 3-E Kennett Square, PA 19348 Correspondence Control Desk Exelon Generation Company, LLC P.O. Box 160 Kennett Square, PA 19348 Regional Administrator, Region I U.S. Nuclear Regulatory Commission 475 Allendale Road King of Prussia, PA 19406 Senior Resident Inspector U.S. Nuclear Regulatory Commission Limerick Generating Station P.O. Box 596 Pottstown, PA 19464 Library U.S. Nuclear Regulatory Commission Region I 475 Allendale Road King of Prussia, PA 19406 Director, Bureau of Radiation Protection Pennsylvania Dept. of Environmental Protection Rachel Carson State Office Building P.O. Box 8469 Harrisburg, PA 17105-8469 Chairman Board of Supervisors of Limerick Township 646 West Ridge Pike Linfield, PA 19468 Dr. Judith Johnsrud National Energy Committee Sierra Club 433 Orlando Avenue State College, PA 16803 Associate General Counsel Exelon Generating Company, LLC 4300 Winfield Road Warrenville, IL 60555
Peach Bottom Atomic Power Station, Unit Nos. 2 and 3 cc:
Site Vice President Peach Bottom Atomic Power Station Exelon Generation Company, LLC 1848 Lay Road Delta, PA 17314 Plant Manager Peach Bottom Atomic Power Station Exelon Generation Company, LLC 1848 Lay Road Delta, PA 17314 Regulatory Assurance Manager Peach Bottom Atomic Power Station Exelon Generation Company, LLC 1848 Lay Road Delta, PA 17314 Resident Inspector U.S. Nuclear Regulatory Commission Peach Bottom Atomic Power Station P.O. Box 399 Delta, PA 17314 Mr. Roland Fletcher Department of Environment Radiological Health Program 2400 Broening Highway Baltimore, MD 21224 Board of Supervisors Peach Bottom Township 545 Broad Street Ext.
Delta, PA 17314-9203 Mr. Richard McLean Power Plant and Environmental Review Division Department of Natural Resources B-3, Tawes State Office Building Annapolis, MD 21401 Manager-Financial Control & Co-Owner Affairs Public Service Electric and Gas Company P.O. Box 236 Hancocks Bridge, NJ 08038-0236 Three Mile Island Nuclear Station, Unit 1 cc:
Site Vice President AmerGen Energy Company, LLC P. O. Box 480 Middletown, PA 17057 Chairman Board of County Commissioners of Dauphin County Dauphin County Courthouse Harrisburg, PA 17120 Chairman Board of Supervisors of Londonderry Township R.D. #1, Geyers Church Road Middletown, PA 17057 Senior Resident Inspector (TMI-1)
U.S. Nuclear Regulatory Commission P.O. Box 219 Middletown, PA 17057 Plant Manager AmerGen Energy Company, LLC P. O. Box 480 Middletown, PA 17057 Regulatory Assurance Manager AmerGen Energy Company, LLC P.O. Box 480 Middletown, PA 17057
Ronald Bellamy, Region I U.S. Nuclear Regulatory Commission 475 Allendale Road King of Prussia, PA 19406 Michael A. Schoppman Framatome ANP, Suite 705 1911 North Ft. Myer Drive Rosslyn, VA 22209 Eric Epstein TMI Alert 4100 Hillsdale Road Harrisburg, PA 17112 Oyster Creek Nuclear Generating Station cc:
Site Vice President - Oyster Creek Nuclear Generating Station AmerGen Energy Company, LLC P.O. Box 388 Forked River, NJ 08731 Kathryn M. Sutton, Esquire Morgan, Lewis, & Bockius LLP 1111 Pennsylvania Avenue, NW Washington, DC 20004 Kent Tosch, Chief New Jersey Department of Environmental Protection Bureau of Nuclear Engineering CN 415 Trenton, NJ 08625 Mayor of Lacey Township 818 West Lacey Road Forked River, NJ 08731 Senior Resident Inspector U.S. Nuclear Regulatory Commission P.O. Box 445 Forked River, NJ 08731 Mayor of Lacey Township 818 West Lacey Road Forked River, NJ 08731 Senior Resident Inspector U.S. Nuclear Regulatory Commission P.O. Box 445 Forked River, NJ 08731 Oyster Creek Nuclear Generating Station Plant Manager AmerGen Energy Company, LLC P.O. Box 388 Forked River, NJ 08731 Zion Nuclear Power Station cc:
Decommissioning Plant Manager - Zion Exelon Generation Company, LLC 101 Shiloh Boulevard Zion, IL 60099-2797 Regulatory Assurance Engineer - Zion Exelon Generation Company, LLC 101 Shiloh Boulevard Zion, IL 60099-2797
1 of 2 Enclosure EXAMPLE ANNUAL FINANCIAL REPORT INFORMATION BALANCE SHEET FY (one year ago)
FY (current year available)
ASSETS Cash Accounts Receivable Fuel Inventory Notes Receivable Net Plant Decommissioning Trust Funds Prepayments & Other TOTAL ASSETS:
LIABILITIES Accounts Payable Accumulated Defffered Income Taxes Accrued Pension Liability Notes payable Decommissioning Liability Other Liability TOTAL LIABILITY:
EQUITY Members Interest Shareholder Ownership Retained Earnings Other TOTAL EQUITY:
TOTAL LIABILITIES & EQUITY:
2 of 2 EXAMPLE ANNUAL FINANCIAL REPORT INFORMATION (Cont.)
INCOME STATEMENT FY (one year ago) FY (current year available)
REVENUE Power Sales Interest Income Other TOTAL REVENUE:
OPERATING EXPENSES O & M Outage Insurance Fuel DOE Charges Fuel Amortization Plant Depreciation Debt Service Decommissioning Administrative Other TOTAL OPERATING EXPENSES:
OPERATING PROFIT:
INCOME TAXES:
NET INCOME:
PREVIOUS BALANCE OF RETAINED EARNINGS:
ADD: NET INCOME LESS: DIVIDENDS LESS: OTHER CURRENT BALANCE OF RETAINED EARNINGS:
Note: All noted Other should identify included major components