ML101870022
| ML101870022 | |
| Person / Time | |
|---|---|
| Site: | Calvert Cliffs  |
| Issue date: | 07/01/2010 |
| From: | Lauver D Calvert Cliffs, Constellation Energy Nuclear Group |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML101870022 (4) | |
Text
Calvert Cliffs Nuclear Power Plant 1650 Calvert Cliffs Parkway Lusby, Maryland 20657 CENG a joint venture of Constellation
'eDF Energy 6
CALVERT CLIFFS NUCLEAR POWER PLANT July 1, 2010 U. S. Nuclear Regulatory Commission Washington, DC 20555 ATTENTION:
SUBJECT:
Document Control Desk Calvert Cliffs Nuclear Power Plant Unit Nos. I & 2; Docket Nos. 50-317 & 50-318 Guarantee of Payment of Deferred Premiums Pursuant to the requirements of 10 CFR 140.21(e), enclosed are the Consolidated Statements of Cash Flows, i.e., page 60 of the Constellation Energy Group, Inc., Form 10K (Annual Report) and page 5 of Constellation Energy Nuclear Group Consolidated Financial Statements for the period November 6, 2009 through December 31, 2009, to the Securities and Exchange Commission for the fiscal year ended December 31, 2009.
This enclosure shows that Constellation Energy Group/Constellation Energy Nuclear Group has a cash flow that can be generated and would be available for payment of the Calvert Cliffs Nuclear Power Plant, Inc./Calvert Cliffs Nuclear Power Plant, LLC, retrospective premiums of $15 million per unit.
Should you have questions regarding this matter, please contact me at (410) 495-5219.
Very truly yours, Douglas E. Lauver Director - Licensing DEL/RDW/bjd
Enclosure:
(1)
Consolidated Statements of Cash Flows cc:
D. V. Pickett, NRC S. J. Collins, NRC Resident Inspector, NRC S. Gray, DNR MW4
ENCLOSURE (1)
CONSOLIDATED STATEMENTS OF CASH FLOWS Calvert Cliffs Nuclear Power Plant, LLC July 1, 2010
Cash Flows The following table summarizes our 2009 cash flows by business segment. as well as our consolidated~cash flows for 2009, 2008, and 2007.
2009 Segment. Cash Flows CoJ
- Holding, Company
,Merchant Repulated and Other 2009 (In millions) nsolidaeld Cash Flows 2008 2007 Operating Aetivities Net -income (loss)
Noni-eash merger termination and strategic alternatives costs Derivative, contracts classified as financing,acrivities (1)
Gain on.sal-of 49.99% membership interest in CENG Loss (gain) on divestitures Accrual of BGE residcntial customri credit Impairment losses and other costs Other non-cash adjustments to net (loss) income Changes in working capital Derivative assers nd. liabilities, excluding, collateral Net collateral and margin Other changes Defined benefit oblig*tioifs (2)ý Othcr
$ 4A35.0 128.2 1A138.3 (7,445.6) 464.2 98.1 2,071.2 419.4 1,519.,2 803.2 (44.4)
$ 104.6 112.4 525.0 (0.1) 3.6 20.9
- 48. I s (362) 4.6 26.6 164.8 C5 4,503.4 128.2 1,138.3 (7,445.6) 468.8 112.4 124.7 2,761.0
$(1,318.4) 541,8 (107.2)
(38.1) 741.8 602.9
.833.5 322 20.2 493.0 6.0 425.3 (7.57.9)
(138.2) 1,522.8 (960.3) 19.6 (57.1) 767.0 93.6 (242.4)
(287.2)
(20.8)
(53.6) 168.0 171.7 (38.5)
(53.3) 276.7-4,390.8 (1,261..)
941.0 Net-cash provided by (used in).operating ictiviiies, 3,586.8 814.5 Investing Activities Investments in property, plant and equipment Asset acquitiitns and busiiness'combinations, nct of casbhls uired Cotitriburions to nudctarcdlconitissioning.,(rust finds Investments in joint ventures Issistncaes of loans receivable Proceeds from sale of.49.99% membership interest in CENG Proceeds from salerof investments and other asets Contract and portfolio acquisitions (increase). decrease in restricted finds (3)
Other investments Net cash provided by (used in),investing aitivitics Cash flows from operating acividtes plusecash flows from investing activities (1,118.7)
(11 0.0)
- 3,528.7 50.0 (2;I 53.7)
(0.2) 0.3 (372.4)
(38O6)
(41A1)
(91*.6)
(0.6) 1',004.1 (02)
(1,529.7)
(4i1.1:)
i(38.-)
(201*.6) 3,528.7 8.,3 (2,153,7) 1,003.3 0.1 (1,934.1)
(315.3)
(18.7) 446.3 (9,42.8) 21.7 (1,295.7):
(347;5)
(8.8)
(19.01 13.9 (474.2)
(109.9)
(453) 177.7
.(373.0) 870.9 675.6 (2,7429)
(2,286.5).
$ 3,7645
$I441,5 Finmacing Activities (2)
NiO (repayment) issuance of debt L.ebta and credit facility costs Procceds from issuance of common stock Common stock dividends paid BGE' preference stock dividendis paid Reacquisition of cosmmon stock' Proceeds from contract and, portfolio acquisitions Dirivadte contracts clhssiHfid as financing activities (1)
Other S 1.147..6 5,066.4 (4,004.0)
(1,345.5)
(2,660.4) 3,447.7 (33.1)
(98.4)
(104.8) 33.9 17.6 65.1 (228.0)
(336.3)
(306.0)
(13.2)
(.13.2)
(13.2)
(1.6.2)
(409.5)
.2,263,1 847.8 (1,138-3) 107,2 (32.2) 12.7 8.3 33.4 (1,828.6) 3,110.3 152.3
$3,237.8
$i (893.7)
$(1,193.2)
'Net cash (used in) provided by financing. qtiaviienis Net increase (decrease) in cads and cash equivalents (1)
All ouisoirig cAshflows from deivriw.
rn' ontraejs slesoý.d to consaun a fnaniing elernenr.as inception muir bie rs'cessifiedy rom.. operarng activities. to financing activities.
(2)
Items are not..aliocarid w die buiics,segrninss becasse thtey are #anaged fjre.the d6mpany as a whoh,..
(3)
The (inorate) decreoase in rersireter funds ia our itflding Companyýand Other is primarilj retated to. Si..bitlion of eimrirrid cash reatedto the, issuance
,of Serhi B Prefetrid Stocvk to.EDJ:t These funt/ wire h.,ldt.ot/se holding.company and were. rririedfpr paymenr of ihe 14% Senior Notes held by MidAmerican. The 14%,% Senor ]Notes weiv repaid it full in January 200,9.
Certain prior-year a rmountc hai'e been riclassified to conform wdhb tike. currenrt years;presen ratibn.
60
Constellation Energy Nuclear Group, LLC For the period November 6 thro6gh December 31, Z009 (17 Thouwamd of U.S Dollars)
Cash Flows From Operating Activities Net Inc'ome 68,519 Adjustmenc'slro, recocile to net cash provided by,6peraring activi:ies:
Amortization of -nuclear Fuiel 24,0668 Depreciation 17.160.
Amortizaadon of Ginna power.purchase agreemeuit (882)
Accretion of asset retirement obligations 11,257 Net earnings on nuclear decommissioning trust funds (5,216)
Provision for income taxes on nuclear decommissioning trust fund earnings 1,333 Defined benefit obligation expense 6,676 Defined b~eneit obligation payments (1,202),
Long-term incentive plan compensation 778 Changes in:
Accounts receivable (76,747)
Spare parts, materials, and supplies (3,585)
Prepaid expenses and other current assets 91568 Deferred costs, ofCECG power:scrvices agency agreement (3,726)
Accounts payable and, accrued liabilities 10,290 l(et cash provided,;by operating activities 58,$291 Cash Flows From Investing Activities Investments in property, plant, andr.equipment (34,493)
Purchases of nuclear.fuel.
(12,760)
Investments in nuclear decornmissioning trust,Rind securities (300697)
Proceeds from the sale 6f~iuclear decommissioning tnust fund, securities 30;697 Net cash used in ýiivestingactivities (47,253)
Cash Flows From Financing Activities-Distributions to members.
(13,515)
Net cash used in financing activities (13,515)
NetDecrease in Cash and Cash Equivalents (2,477)
Cash and Cash Equivalents at Beginning of Period 224,920
,Cash and Cash. Equivalents at End of Period
$ 222,44.3 The iacc0miiipatying notestare an infrgrýd part ofthese consolidated finanial statements.
5,