ML11235A727

Guarantee of Payment of Deferred Premiums

ML11235A727
Person / Time
Site:	Nine Mile Point
Issue date:	08/16/2011
From:	Dosa J Constellation Energy Group, EDF Group, Nine Mile Point
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML11235A727 (4)

Text

CENG a joint venture of P.O. Box 63 Lycoming, New York 13093 0Energy, Constellation

~ wa eD F NINE MILE POINT NUCLEAR STATION U.S. Nuclear Regulatory Commission August 16, 2011 Washington, DC 20555-0001 ATTENTION: Director, Office of Nuclear Reactor Regulation

SUBJECT:

Nine Mile Point Nuclear Station Unit Nos. 1 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 10K (Annual Report) to the Securities and Exchange Commission for the fiscal year that ended December 31, 2010.

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

$17,500,000 per unit.

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

Very truly yours, John J. Dosa Director Licensing

Enclosure:

Consolidated Statements of Cash Flows

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Document Control Desk August 16, 2011 Page 2 cc: NRC Regional Administrator, Region I NRC Resident Inspector NRR Project Manager Document Control Desk

ENCLOSURE CONSOLIDATED STATEMENTS OF CASH FLOWS Nine Mile Point Nuclear Station, LLC August 16,2011

ENCLOSURE 1 CONSOLIDATED STATEMENTS OF CASH FLOWS CONSOLIDATED STATEMENTS OF CASH FLOWS Constellation Energy Group, Inc. and Subsidiarles Yeas DecTm& 31, 2010 2009 2008 Cash Pleas Firom Opeoitin Activities Net(Io) income $ (931A6) $ 4,503.4 U(1,318.4)

Ad'mtent to reconcile to net cash prvided by (uoed in) operating activities

=6o deplction. and amortzation 517.6 589.1 583.2 Amortizaton of ickearfuel 117.9 123.9 Amositataon of ee concocts and derivatives designated as hedges 319.6 (138.4) (256.3)

All other a o "a "ation 33.3 135.7 40.5 Accre*ion of asse reuriiercnt obligations 1.9 62.3 68.4 Dteered income rascs (716.4) 1,846.9 (122.8) 1nvesument -n credit dsssts (4.5) 02.1) (6.4)

Defrred fad coats 67.4 68.9 52.0 Defiloil benet obligation espense 99.5 85.3 99.6 Defined benefit obligation payments (324.0) (372.5) (120.4)

Mcr.rtetninaion and strategic al*ernatives cosn 128.2 541.8 od'rce ductin n 12.6 22.2 Impairmoi Ioses aondother core 2,47&"8 124.7 741.8 Impasirent losses on nuclear dccommoisooninsp aun rsuen 62.6 165.0 Gain on sale of 49.99% memnbership inteset in CENG (7,445.6)

(Gain) loss on divesitures (245.8) 468.8 (38.1)

Gains on termination of con-aces (76.8) (73.1 Accenal of BGE residential cutoner credit 112.4 Equity in earning; of affiliates Ict than dividend. received 14.1 15.5 6.3 Dcrivative contracn classifled as fiacin activities 186.0 1,138.3 (107.2)

Chang.a in wristing capital Accounns recivab le. ding (a36.5) 543.3 606.7 Dneivaive .an

• d li*a

• oilng i collateral 449.9 425.3 (757.9) ble C0u2tpllcs and .a u~ 44.2 1.522.8 (960.3) 0.1 220.6 (33.5)

Othe cuirt asset (150.0) 217.2 (95.4)

Acoiinn payable and accrued liailities 80.0 (1,105.0) (225.8)

Liabiliy for unrecognized to benefits (66.6) 102.1 79.7 Acsud taxesand other current tibillities (1.028.4) 788.8 (238.1)

Other 1.7 171.7 (38.5)

Net cash provided by (sod in) operating activites 511.3 4,390.8 (1,261.1)

Clash Flom AreamhIescing Activites Investmentsin pr=pens plant and equipment (995-6) (1,529.7) (1,934.1)

Aa acquisitions and ,isness combinations, on of cash acquired (445.8) (41.1) (315.3)

Investmntes in nuclear decommissioning am find -ccu*itie. (385.2) (440.6)

Procceds here nulear decommisonoing atust fund securities 366.5 421.9 Invetnments in oint ventues (201.6)

Proceeds fro sale of 49.99% mcosbership interest in CENG 3,528.7 Proceeds from sole. of in .tisn and othea assets 244.0 88.3 446.3 Proceeds from inrvestrscat= credit. snd grants relatedto renewable coe investments 56.5 Contract and portfolio acqulisitions (208.3) (2,15.7)

(Incease) decrease in restricted fonds (60.3) 1,003.3 (942.8)

Other (35.7) 0.1 21.7 Net cash (used in) provided by investing activities (1,445.2) 675.6 . (2,742.9)

Cash No.. ProtmF iss Activities Net (maturity) issuanoceoshort-tersm borinaigs (134) (809.7) 813.7 Praceeds from issuance of common soock 14.0 33.9 17.6 Procee fros isoaae of losg-trs debt 550.0 136.1 3,211.4 Common stock dividend pPid (183.3) (228.0) (336.3)

Reacquosition of common stock (16.2)

BGE p*eirence sock divMds paid (13.2) (13.2) (132)

Proceeds fent contract andportfolio aouisitions 52.2 2,268.1 Repaytneat of long-term daeb (664.5) (1,986.8) (577.4)

Deivative contracs dassified as financing activities (186.0) (1.138.3) 107.2 Debt and cretiltrfcility costs (32.8) (98.4) (104.8)

Other (O.4) 12.7 8.3 Net cash (used in) provided by financing activu (477.6) (1,828.6) 3'I0.3 Net (Decrease)Incres. Is Cashs analCAsh (1,411.5) 3,237.8 (893.7)

Cashand Cashi Equisldecto at Degins=i "on 3.440.0 202.2 1,095.9 Cash nmid Caah Egaislants a End of Year S 2.02&85 $ 3A440.0 $ 202.2 Other Caits lws lik nmsuion Cash paid du the yvas for.

"(e amou caputlized) $ 289.5 $ 369.5 S 341.4 Income tote. $1,044.2 $ 57.1 $ 119.2 1

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