ML12201B399
| ML12201B399 | |
| Person / Time | |
|---|---|
| Site: | Calvert Cliffs  |
| Issue date: | 07/18/2012 |
| From: | Lauver D Constellation Energy Nuclear Group, Calvert Cliffs, EDF Group |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML12201B399 (3) | |
Text
Calvert Cliffs Nuclear Power Plant 1650 Calvert Cliffs Parkway Lusby, Maryland 20657 CENG a joint venture of 0
Constellation e'U>eDF CALVERT CLIFFS NUCLEAR POWER PLANT July 18, 2012 U. S. Nuclear Regulatory Commission Washington, DC 20555 ATTENTION:
Document Control Desk
SUBJECT:
Calvert Cliffs Nuclear Power Plant Unit Nos. 1 & 2; Docket Nos. 50-317 & 50-318 Guarantee of Payment of Deferred Premiums Pursuant to the requirements of 10 CFR 140.21(e), enclosed is the Consolidated Statements of Cash Flows, [i.e., page 5 of Exhibit No. 99(a)] from the Constellation Energy Group, Inc., Form 10K (Annual Report) to the Securities and Exchange Commission for the fiscal year ended December 31, 2011.
This enclosure shows that 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, 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/PSF/bjd
Enclosure:
(1)
Consolidated Statements of Cash Flows cc:
N. S. Morgan, NRC Resident Inspector, NRC W. M. Dean, NRC S. Gray, DNR poD/
ENCLOSURE (1)
CONSOLIDATED STATEMENTS OF CASH FLOWS Calvert Cliffs Nuclear Power Plant, LLC July 18, 2012
Constellation Energy Nuclear Group, LLC Consolidated Statements of Cash Flows For the period For the year For the year November 6 ended ended through Deceoiber 31, December31, December31, 2011 2010 2009 (In Thousands 6f US. Dollars)
Cash Flows From Operating Activities Net Income Adjustments to reconcile to net cash provided by operating activities:
Amortization of nuclear fuel Depreciation Impairment of construction work in progress Amortization of CECGand Ginna power purchase agreements Accretion of asset retirement obligations Net pre-taxeamings on nuclear decommissioning trust funds Income taxes on nuclear decommissioning trust fund earnings Defined benefit obligation expense Defined benefit obligation payments Long-term incentive plan compensation Changes in:
Trade and other accounts receivable Spare parts, materials,.and supplies Prepaid expenses and other current Assets Other noncurrent assets Accounts payable and accrued liabilities CECG power serv ices agency agreement Other noncurrent liabilities Net cash provided by operating activities
$299,807
$441,589 166,678 125,211 2,641 (398,702) 71,061 (39,132) 6,485 61,059 (62,691) 2,405 160,096 114,312 3,242 (369,830) 73,613 (48,304) 7,638 42,772 (51,683) 5,082
$ 68,519 24,068 17,160 (882) 11,257 (5,216) 1,333 6,676 (1,202) 778 12,791 (8,776)
(3,976)
(1,399)
(16,348) 2,545 2,988 222.647 21,956 (8,793)
(2,020)
(2,875) 46,088 (25,955) 4,126 411.054 (76,747)
(3,585) 9,568 10,290 (3,726) 58.291 Cash Flows From nvs ting. Aetivities InVestments in property, plant, and equipment (PP&E)
(209,631)
(203,540)
(34,493)
Purchases of nuclear fuel (205,789)
(203,903)
(12,760)
Investments in.nuclear decommiss ion ing trust fund securities (155,039)
(204,397)
(30,697)
Proceeds from the sale of nuclear decommissioning trust fu5 nd securities 155,039 204,397 30,697 Net cash used in *investing activities (415,420)
(407,443)
(47,253)
Cash Flows From Financing Activities Proceeds ftom shon-tenn borrowings under lines of credit 150,000 Repayments ofshort-ierm borrowings under lines of credit (90,000)
Distribution's to members (1*3,515)
Net cash provided.by (used in) financing activities 60,000 (13,515)
Net Increase (Decrease) in Cash and Cash Equivalents (132,773) 3,611 (2,477)
Cash and Cash Fxquivalents at Beginning of Period 226,054 222,443 224,920 Cash andCash Fquivalents at End of Period
$ 93,281
$226,054
$222,443 Other Cash Flow Infornmtion Cash paid forincome taxes on nucleardecommissioning trust funds 7,187 4,932 Accrued investments in PP&E 34,493 25,180 Accrued purchases of nuclear fuel 16,591 26,227 The accompanying notes are an integral part of these consolidated financial statements.
1,426 37,193 16,720