ML12241A249

Guarantee of Payment of Deferred Premiums

ML12241A249
Person / Time
Site:	Nine Mile Point
Issue date:	08/16/2012
From:	Dosa J Constellation Energy Nuclear Group, EDF Group, Nine Mile Point
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML12241A249 (4)

Text

CENG a joint venture of P.O. Box 63 Lycoming, New York 13093 Consellation ~e, NINE MILE POINT NUCLEAR STATION U.S. Nuclear Regulatory Commission August 16, 2012 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 Exhibit No. 99(a) of the Constellation Energy Group, Inc., Form 10K (Annual Report) to the Securities and Exchange Commission for the fiscal year that 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 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 NaxL-.

Document Control Desk August 16, 2012 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, 2012

ENCLOSURE CONSOLIDATED STATEMENTS OF CASH FLOWS Constellation Energy Nuclear Group, LLC Consolidated Statements of Cash Flows For the period Forthe year For the year November 6 ended ended through December 31, December 31, December 31.

2011 2010 2009 (In Thousands qfU.S. Dollars)

Cash Flowvs From Operating Aetiities Net Income $299,807 S441.589 $ 68,519 Adjustments to reconcile to net cash provided by operating activities:

Amortization of'nuclear fuel 166,678 160,096 24,068 Depreciation 125,211 114,312 17,160 Impainrent ofeonstruction work in progress 2,641 3,242 Amorti:tion ofCECGand Ginna power purchase agreements (398,702) (369,830) (882)

Accretion of asset retirement obligations 71,061 73,613 11.257 Net pre-taxeamings on nuclear deconinissioning trust funds (39,132) (48.304) (5,216)

Income taxes on nuclear decomnaissioning trust fund earnings 6,485 7,638 1,333 Defined benefit obligation expense 6 1.059 42,772 6,676 Defined benefit obligation payments (62,691) (51,683) (1,202)

Long-term incentive plan compensation 2,405 5,082 778 Changes in:

Trade and other accounts receivable 12,791 21,956 (76,747)

Spare parts, nmterials, and supplies (8,776) (8,793) (3,585)

Prepaid expenses and other current assets (3,976) (2,020) 9,568 Other noncurrent assets (1,399) (2,875)

Accounts payable uid accrued liabilities (16,343) 46,088 10(.:26 2,545 (25,955) (3.726)

CECGpower serviccs agency agreement Other nonurrent liabilities 2.988 4,126 Net cash provided by operating activities 222,647 411,054 58,291 Cash Flo-As From Investing Aecivities Investments in property. plant, and equipment (PP&E) (209,631) (203,540) (34,493)

Purchases ofnuclear fuel (205,789) (203.903) (12,760)

Investments in nuclear decomrnissioning trust fund securities (155,039) (204,397) (30,697)

Proceeds fontthe sale of nuclear decommissioning trust fttnd securities 155,039 204,397 30,697 Net cash used in investing activities (415.420Q) (407,443) (47,253)

Cash Flows From Financing Activities Proceeds from short-term borrowings under lines ofcredit 150.000 Repayments ofshort-term borrowihgs under lines of credit (90.000)

Distributions to members -(13,515)

Net cash provided by (used in) financing activities 60,000 - (135 15 Net Increase (Decrease) In Cash and Cash Equirilents (132.773) 3.611 (2.477)

Cash and CashbEquivalents at Beginning of Period 226.054 222.443 2-24,920 Cash andCash Equivalents at Endof Period S 93,281 $226.054 S2212443 Other Cash Flowlinformatian Cash paid for income taxes on nuclear decommissioning trust funds 5 7187 S 4,932 S 1,426 Accrued investments in PP&E 34,493 25,180 37,193 Accrued purchases of nuclear fuel 16,591 26,227 16,720 The acconspanying notes are an integral part of these consolidutcd financial statements.

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