ML092370292

Guarantee of Payment of Deferred Premiums

ML092370292
Person / Time
Site:	Nine Mile Point
Issue date:	08/16/2009
From:	Syrell T Constellation Energy Group
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML092370292 (3)

Text

w P.O. Box 63 Lycoming, NY 13093 Nine Mile Point Nuclear Constellation Station Energy August 16, 2009 U.S. Nuclear Regulatory Commission Washington, D.C. 20555-0001 ATTENTION: Document Control Desk

SUBJECT:

Nine Mile Point Nuclear Station Unit Nos. I and 2; Docket Nos. 50-220 and 50-410 Guarantee of Payment of Deferred Premiums Pursuant to the requirements of 10 CFR 140.21(e), enclosed is the Consolidated Statements of Cash Flows taken from the Constellation Energy Group, Inc., Form 1OK (Annual Report) to the Securities and Exchange Commission for the fiscal year ended December 31, 2008.

This enclosure shows that Constellation Energy Group has a cash flow that can be generated and would be available for payment of the Nine Mile Point Nuclear Station, LLC, retrospective premiums of

$15,000,000 per unit.

Should you have any questions regarding the information in this submittal, please contact me at (315) 349-5219.

Very truly yours, Terry F.icensing Director Licensing TFS/RJC

Enclosure:

Consolidated Statements of Cash Flows cc: NRC Regional Administrator, Region I NRC Resident Inspector NRR Project Manager oc)(

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ENCLOSURE CONSOLIDATED STATEMENTS OF CASH FLOWS Nine Mile Point Nuclear Station, LLC August 16, 2009

ENCLOSURE 1 CONSOLIDATED STATEMENTS OF CASH FLOWS CONSOLIDATED STATEMENTS OF CASH FLOWS Constellation Energy Group, Inc. and Subsidiaries Y-ea Ended D-ecebe, 31, 2008 2007 2006 (Is.nstlloens)_

Cash.(lows.From.Operating Activities i1__ _ __ _ _ _------------

Netloss) income S(I,314.4) $ 821.5 S 936.4

• - -smer ro~ohproylded by.opraling activities___ _ _

Gain on sales of gas-fired plants and disconlirued operations -- (1514 L--Depreciation, depletion,-rd amortnization_ _._ , .583.2 557.0. 523.9j Amortization of nuclar futel 123.9 114.3 99.5 LAmortimtioanoflenergy contracts (256,3) -. (22Z9)- (105.2)

All other amortiation 40.5 11.2 26.9 L-Acaction oftasset retirement obligations 68.4 - 68.3 b67.61 Defereed income taxes (1_22.8) 226.2 128.0 L_ investment uas credit adjustments (6.4) (6.7) (6.9)

Defered fuel costs 52:0 ý ý80.__._ (34.5 L._.e-inedbenefit ,bligationpenponse 99.6 _ ( 1.0 129.7.

Defined benefit obligation payrsents . (120.4) (165.4) 819.2)

[-Miger-enoination andstrategic altemratives costs _ 541.8 .- . - - -11 Workforce reduction costs 22.2 2.3 28.2 L-'npainuent losscsnd otlher~costs 7-41.8 2. -1 Impains ent losses on nuclear decommissioning trust assets 165.0 8.5 -

LIdains.on satecuf.Clit'LLCcequity- (31 20)

Gains on sales of assets and investments (38.1)

---G'ains-onntenin alton of contracts (73.1) - -

('quiqty,in ernings of afriliatcs lest than dividends received 6.3 45.3 27.6 Ej i~- v-l e wivoscr.gnatesc0nt--ets-*.lasified as financing aclivities.underSFAAS.Noj 49..4% .(107.2) - 2 F22___ 26 Changes in us (ingcapital KAccontsmcccivable..csluding.utaegin 006.7. (664.2) - (237"7)

Derivative assets and liabilitiees excluding collateral (757.9) 138L2). 286 I)

ENI:-coiia ea[nd margin -- -- "(960.3)- 49.6 (6.0.6)

Materials, supplies and fuel stocks (33.1) 66.4) (267.2)

L-tberýcs rena1assets (90.4) - (10.) - 343.51 Accounts payable and accrued tiabilities (225.8) 448.8 380.5 Othercurrnet liabilities (238.1) (14.4 10.9 L..._.Othe_ (55.7) - (5.4.) _ 15_.5 Net cash (used in) provided by operating activities (1,274.3) 927.8 525.3 Cash,Flows.lros.InveulinsgActivities Investments in property, plant and ecquipmcnt 4.934:. )_ Q295.71 (962 *

"A"sse-acqislioi as d,busincsscotnbiitions. nct o(cash acquired (dl7.3) (3475) 113..6) 9 Investments in nucear deconmnissioning trust fund securities (440.6 (659.5) ..4 5J E* ¢imeds-from.nucleardecommissioningtrust fund securities 421.9 650,? -- 483.2j Net proceeds from sale ofg asetlr plantsnand droni*nedp ans - 1,630.7 Issuanceso f loans receivable -9 (19,0) (65.4)

Proceeds frum sales of investments and other assets 446.3 13.9 43.9 LConvact andportfolio acquisitions - (47,42) - (23)

,.._}lncrease(decrease in restriuted funds (942.8) (109*.91 7.7 Lfit-be_ . --i21.7 (45.3.)- -- 5,4.-)

Net cash (used in) provided by investing activities (2,742.9) (2.206.5) 560.1 Cash.Flomslfiros fiinancing Activities__

Net issuance (lnaturity) ofshort-tenahborrowings 813.7 14.0 (0.7 Ef-*oceds f-rns issaamce.of.comnon stck 1,7.6 65.1 84.4J Proceedsfrom_issuance of long-tern debt 3,211.4 698.2 852.0 Pr-Pceeds fruomiiitial public.offering.ofCEP - - I01.31 Common sto*k dividends paid (30.0) 0.636.3) (264.0)

E--ocacquisitan aofcommnn stoak (10.2 (409,5) .. ___J

~kepayo66o*-fl*t-Proceeds from contract and portfolio acquisitions Derivative powver_

sates contracts classified as financing acrivitins under SFAS No. 149

($77.4)......,..(7.4--

107.2 8.17.8

• 5.3)-

322 221.3 (669,))

1,2.

• '*~i~i'n~coti " - ((04.8). "- -- -,

Other 8.3 33.4 8.1 LNet cash provided by financing activities 3,123.5 165.5 390.7.

Net (Deerease) Increase in Cash and Cash Equivalents (893.7) (193.2) .476.1 Cash and Cash Equivalents at End ofear S 202.2 $ 1,095.9 $2,289.1 Olher.Ca shlow~jiPorwfialirn:s I Cash paid during khe year for:

Elntomeest$(net1ofotn1$t2capitai$ed) S tncomelane S 119.2 S 282.4 $ 109.3 1 of 1