ML13092A104

Constellation Energy Nuclear Group, LLC - 2012 Annual Report-Guarantees of Payment of Deferred Premiums

ML13092A104
Person / Time
Site:	Calvert Cliffs, Nine Mile Point, Ginna
Issue date:	03/28/2013
From:	Perkins E Constellation Energy Nuclear Group, EDF Group
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML13092A104 (4)

Text

Constellation Energy Nuclear Group, LLC 100 Constellation Way, Suite 200C Baltimore, MD 21202 CENG.

a joint venture of 0 Conotalation ~~

OEnegy ~eOF March 28, 2013 U.S. Nuclear Regulatory Commission Washington, DC 20555-0001 ATTENTION: Document Control Desk

SUBJECT:

Calvert Cliffs Nuclear Power Plant, Units 1 and 2 Docket Nos. 50-317 and 50-318 Nine Mile Point Nuclear Station, Units 1 and 2 Docket Nos. 50-220 and 50-410 R. E. Ginna Nuclear Power Plant Docket No. 50-244 2012 Annual Report-Guarantees of Payment of Deferred Premiums Pursuant to 10 CFR 140.21(e), Constellation Energy Nuclear Group, LLC (CENG), on behalf of its licensed subsidiary companies, Calvert Cliffs Nuclear Power Plant, LLC, Nine Mile Point Nuclear Station, LLC, and R. E. Ginna Nuclear Power Plant, LLC, is submitting the Consolidated Statements of Cash Flows for Exelon Generation Company, LLC and Subsidiary Companies (Attachment 1). This Consolidated Statement is taken from Item 8 of Exelon Corporation's Form 10K (Annual Report) submitted to the Securities and Exchange Commission for the fiscal year that ended December 31, 2012.

One of Constellation Energy Nuclear Group's two parent companies, Constellation Energy Group, Inc.,

was acquired by Exelon Corporation in March 2012. As a result, CENG is now in part a direct subsidiary of Exelon Generation Company, LLC (Exelon Generation) and an indirect subsidiary of Exelon Corporation. Constellation Energy Nuclear Group is owned 50.01% by Exelon Generation and 49.99%

by EDF Inc., an indirect subsidiary of Electricit6 de France SA, a French limited company. Attachment (1) shows that Exelon Generation, one of CENG's direct parent companies, has a cash flow that can be generated and would be available for payment of the Companies' deferred premiums of $17.5 million per unit.

This certification is required to be submitted annually on the anniversary date on which the indemnity agreement is effective for each of our reactors. The indemnity agreement effective dates vary for each reactor. In the past, the Companies submitted individual annual reports under 10 CFR 140.21 - with the R. E. Ginna Nuclear Power Plant, LLC submittal last provided to the Nuclear Regulatory Commission (NRC) on March 29, 2012, the Calvert Cliffs Nuclear Power Plant, LLC submittal last provided to the NRC on July 18, 2012, and the Nine Mile Point Nuclear Station, LLC submittal last provided to the NRC on August 16, 2012.

Document Control Desk March 28, 2013 Page 2 In the interest of efficiency, CENG intends to now submit the annual reports required under 10 CFR 140.21 on the same date each year for the Companies. Because the R. E. Ginna Nuclear Power Plant LLC report is due on March 29, 2013, CENG is using this date as the new due date for the reports required under 10 CFR 140.21 for all the Companies.

Should you have any questions regarding the information in this submittal, please contact me at (410) 470-3928 or everett.perkinsgcenglic.com.

Very truly yours, Everett P. Perk 3r-Director - Fleet Licensing

Attachment:

(1) Exelon Generation Company, LLC and Subsidiary Companies--Consolidated Statements of Cash Flows EPP/EMT/bjd cc: B. K. Vaidya, NRC Resident Inspector, NRC (Ginna)

M. C. Thadani, NRC Resident Inspector, NRC (Nine Mile Point)

W. M. Dean, NRC S. Gray, Maryland DNR Resident Inspector, NRC (Calvert Cliffs)

ATTACHMENT 1 EXELON GENERATION COMPANY, LLC AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF CASH FLOWS Constellation Energy Nuclear Group, LLC March 28, 2013

ATTACHMENT (1)

EXELON GENERATION COMPANY, LLC AND SUBSIDIARY COMPANIES--

CONSOLIDATED STATEMENTS OF CASH FLOWS Exelon Generation Company, LLC and Subsidiary Companies Consolidated Statements of Cash Flows For Yearn Ended

=he Netne $ 558 $ 1,771 $ 1,972 Depreciation, amortization, depletion and accretion, incAding nuciear fuel and energy contrac amortization 2,96M 1,539 1,341 Deferred incm taxes and amortmzation of Investment tax credits 408 561 741 N" lal I I trht DdKV .... (011) 29 (8 Net realized and unrealized (gains) losses on nuclear decommissioning trust fund inveslments (157) 14 (105) 537 421 Changes in assets and liabilities:

Acouni reski11a248 (122 -

Receivables from and psyablee to affiliates, net 39 206 (5) krSom3 (47) (70) paabe, ccred urrril Iabiiftes(499)

Accuntxpnemandoter 34 (8 011111:13pr o(114) ~ 11111. (3) (124)

Counterpary collateral (posted) received, net 95 (410) (1) hicar. to"114 119 33 Pbenet c (178) (1,070) (445)

Net cash flows provided by operating acthrities 3,581 3,313 3,032 Capital expenditues (3,554) (2,491) (1,883)

Investment In nuclear decommissioning bug funds (7,483) (6,332) (3,907)

Cash~7 an anf,-1-R-m 0 Proceeds from sale of three Maryland generating stations 371 - -

sses£(1) o kig *0d Acqulel" (387) (89)

Change In e cash 4 - 4 Net cash flows used In Investing activities (2,629) (3,077) (2,696)

(52) --

haiins f ono~rr dli1,76- an debt (145) ) (215)

Contibution from member 48 30 62 Net cash flows used In financing activities (777) (196) (779)

Cash and cash equivalents at beginning of period 496 456 1,099 See the Combined Notes to Consolidated Financial Statements 197 Page 1 of 1