ML113180246
| ML113180246 | |
| Person / Time | |
|---|---|
| Site: | Dresden, Peach Bottom, Oyster Creek, Byron, Braidwood, Limerick, Clinton, Quad Cities, LaSalle, Crane |
| Issue date: | 11/09/2011 |
| From: | Hilzinger M Exelon Generation Co, Exelon Corp |
| To: | Office of Nuclear Reactor Regulation, Document Control Desk |
| Shared Package | |
| MlL113180255 | List: |
| References | |
| Download: ML113180246 (7) | |
Text
SM Exelon Corporation P.O. Box 805398 Chicago, IL 60680-5398 November 9, 2011 www.exeloncorp.com 10 CFR 140.21 Confidential Financial Information Submitted Under 10 CFR 2.390 U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001 Braidwood Station, Units 1 and 2 Facility Operating License Nos. NPF-72 and NPF-77 NRC Docket Nos. STN 50-456 and STN 50-457 Byron Station, Units 1 and 2 Facility Operating License Nos. NPF-37 and NPF-66 NRC Docket Nos. STN 50-454 and STN 50-455 Clinton Power Station Facility Operating License No. NPF-62 NRC Docket No. 50-461 Dresden Nuclear Power Station, Units 2 and 3 Renewed Facility Operating License Nos. DPR-19 and DPR-25 NRC Docket Nos. 50-237 and 50-249 LaSalle County Station, Units 1 and 2 Facility Operating License Nos. NPF-11 and NPF-18 NRC Docket Nos. 50-373 and 50-374 Limerick Generating Station, Units 1 and 2 Facility Operating License Nos. NPF-39 and NPF-85 NRC Docket Nos. 50-352 and 50-353 Oyster Creek Nuclear Generating Station Renewed Facility Operating License No. DPR-16 NRC Docket No. 50-219 Peach Bottom Atomic Power Station, Units 2 and 3 Renewed Facility Operating License Nos. DPR-44 and DPR-56 NRC Docket Nos. 50-277 and 50-278 Quad Cities Nuclear Power Station, Units 1 and 2 Renewed Facility Operating License Nos. DPR-29 and DPR-30 NRC Docket Nos. 50-254 and 50-265 transmitted herewith contains Confidential Financial Information.
When separated from Attachment 1, this transmittal document is decontrolled.
2011 Annual Report - Guarantees of Payment of Deferred Premiums November 9, 2011 Page 2 Three Mile Island Nuclear Station, Unit 1 Renewed Facility Operating License No. DPR-50 NRC Docket No. 50-289
Subject:
2011 Annual Report - Guarantees of Payment of Deferred Premiums Pursuant to 10 CFR 140.21, "Licensee guarantees of payment of deferred premiums," Exelon Generation Company, LLC, is providing evidence that we maintain a guarantee of payment of deferred premiums in the amount of $17.5 million for each of our reactors. This information is required to be submitted annually on the anniversary date on which the indemnity agreement is effective for each of our reactors. Because the indemnity agreement effective dates vary for each of our reactors, we submit information for all of our reactors by November 16 of each year to demonstrate our compliance with 10 CFR 140.21.
The Exelon Generation Company, LLC, projected internal cash flow is contained in. The average quarterly cash flow projection could be drawn on to raise $297.5 million needed to provide for our payment of retrospective premiums.
MidAmerican Energy Company is the owner of 25 percent of the Quad Cities Nuclear Power Station. Additionally, PSEG Nuclear, LLC is the owner of 50 percent of Peach Bottom Atomic Power Station, Units 2 and 3.
This submittal also serves to reflect the guarantee of payment of deferred premiums for these co-owned units.
Peach Bottom Atomic Power Station, Unit 1 is not included in this report because this unit is a permanently shutdown reactor in the SAFSTOR status and not subject to this regulation. contains information confidential to Exelon Generation Company, LLC. Exelon Generation Company, LLC requests that the contents of Attachment 1 be withheld from public disclosure in accordance with 10 CFR 2.390(a)(4). An affidavit supporting the 2.390(a)(4) request is contained in Attachment 2. A non-confidential version of the projected internal cash flow is contained in Attachment 3.
If you have any questions about this letter, please contact T. Loomis at (610) 765-5510.
Respectfully,
. Hilzin r
\\~=...J-~*es1dent, Chief Financial Officer and Treasurer ration Company, LLC
2011 Annual Report - Guarantees of Payment of Deferred Premiums November 9, 2011 Page 3 Attachments:
1 - Confidential Financial Information - Projected Internal Cash Flow 2 - Affidavit 3 - Non-Confidential Financial Information - Projected Internal Cash Flow cc:
Regional Administrator - NRC Region I Regional Administrator - NRC Region III NRC Senior Resident Inspector - Braidwood Station NRC Senior Resident Inspector - Byron Station NRC Senior Resident Inspector - Clinton Power Station NRC Senior Resident Inspector - Dresden Nuclear Power Station NRC Senior Resident Inspector - LaSalle County Station NRC Senior Resident Inspector - Limerick Generating Station NRC Senior Resident Inspector - Oyster Creek Nuclear Generating Station NRC Senior Resident Inspector - Peach Bottom Atomic Power Station NRC Senior Resident Inspector - Quad Cities Nuclear Power Station NRC Senior Resident Inspector - Three Mile Island Nuclear Station, Unit 1
ATTACHMENT 2 Exelon Generation Company, LLC 2011 Annual Report - Guarantees of Payment of Deferred Premiums AFFIDAVIT
ATTACHMENT 2 AFFIDAVIT I, Mathew F. Hilzinger, Senior Vice President, Chief Financial Officer and Treasurer of Exelon Generation Company, LLC (Exelon), do hereby affirm and state:
1.
I am an officer of Exelon authorized to execute this affidavit on its behalf. I am further authorized to review information submitted to the Nuclear Regulatory Commission (NRC) and apply for the withholding of information from disclosure.
2.
Exelon is providing information pursuant to 10 CFR 140.21 (e), which constitutes proprietary financial information that should be held in confidence by the NRC pursuant to the policy reflected in 10 CFR 2.390(a)(4), because:
i.
This information (2011 Internal Cash Flow Projection, ATTACHMENT 1) is and has been held in confidence by Exelon.
ii.
This information is of a type that is held in confidence by Exelon, and there is a rational basis for doing so because the information contains sensitive financial information concerning Exelon's projected revenues, and operating expenses.
iii.
This information is being transmitted to the NRC in confidence.
iv.
This information is not available in public sources and could not be gathered readily from other publicly available information.
v.
Public disclosure of this information would create substantial harm to the competitive position of Exelon by disclosing Exelon's internal financial projections to other parties whose commercial interests may be adverse to those of Exelon.
3.
Accordingly, Exelon requests that the designated documents be withheld from public disclosure pursuant to the policy reflected in 10 CFR 2.390(a)(4).
Exelon Generation Company, LLC Subscribed and sworn before me, A Notary Public in and for the State of Illinois
"'"' A~
this 1:tt.. day of ~011 OFFICIAL SEAl MARY LKWlLOS NOTARY PUBLIC* STATE OF illINOIS l
~ _ MY COMMISSION EXPfRES:10126113
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ATTACHMENT 3 Exelon Generation Company, LLC 2011 Annual Report - Guarantees of Payment of Deferred Premiums Non-Confidential Financial Information Projected Internal Cash Flow
Non-Confidential Financial Information Submitted Under 10 CFR 2.390 Contains Non-Confidential Financial Information ATTACHMENT 1 Exelon Generation Company, LLC 2011 Internal Cash Flow Projection (Dollars in Thousands) 2011 Projected UNAUDITED Net Income Less Dividends Paid Earnings (Loss)
Adjustments Depreciation, amortization, and accretion Deferred income taxes and investment tax credits Net realized and unrealized mark-to-market transactions Other non-cash operating activities Adjustments Internal Cash Flow Average Quarterly Cash Flow Percentage Ownership Braidwood Station, Units 1 and 2 Byron Station, Units 1 and 2 Dresden Nuclear Power Station, Units 2 and 3 LaSalle County Station, Units 1 and 2 Limerick Generating Station, Units 1 and 2 Peach Bottom Atomic Power Station, Units 2 and 3
- Quad Cities Nuclear Power Station, Units 1 and 2 **
Clinton Power Station Oyster Creek Nuclear Generating Station Three Mile Island, Unit 1 100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Maximum Total Contingent Liability
$297.5M
- PSEG Nuclear LLC is the owner of 50% of Peach Bottom Atomic Power Station, Units 2 and 3
- Mid American Energy Company is the owner of 25% of the Quad Cites Nuclear Power Station Participation and reimbursement to Exelon by the co-owners for their obligations are governed by agreements between the respective co-owners and Exelon.
Certification Exelon Generation Company, LLC has sufficient cash flow to ensure that its obligations to err premiums under 10 CFR Part 140 will be met.
Certified By:---'0/'-7fr----#"-~--~----".__-------------