ML13211A314
| ML13211A314 | |
| Person / Time | |
|---|---|
| Site: | Calvert Cliffs  |
| Issue date: | 07/29/2013 |
| From: | Lauver D Calvert Cliffs, EDF Group, Constellation Energy Nuclear Group |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML13211A314 (3) | |
Text
Calvert Cliffs Nuclear Power Plant 1650 Calvert Cliffs Parkway Lusby, Maryland 20657 CENG a joint venture of 0
Constellation wEnergy-eD CALVERT CLIFFS NUCLEAR POWER PLANT July 29, 2013 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, from the Constellation Energy Group, Inc., Form 10K (Annual Report) to the Securities and Exchange Commission for the fiscal year ended December 31, 2012.
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.
There are no regulatory commitments contained in this correspondence.
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:
NRC Project Manager, Calvert Cliffs Resident Inspector, NRC NRC Regional Administrator, Calvert Cliffs S. Gray, MD-DNR
ENCLOSURE (1)
CONSOLIDATED STATEMENTS OF CASH FLOWS Calvert Cliffs Nuclear Power Plant, LLC July 29, 2013
For the year ended December 3 1, 2012 2011 2010 (In Thousands of US. Dollars) 172,643 299,807 441,589 Cash Flows From Operating Activities Net Income Adjustments to reconcile to net cash provided by operating activities:
Amortization of nuclear fuel Depreciation Write-off of construction work in progress Amortization of CECG and Ginna power purchase agreements Accretion of asset retirement obligations Net pre-tax earnings on nuclear decommissioning trust funds Income taxes on nuclear decommissioning trust funds Defined benefit obligation expense Defined benefit obligation payments Long-term incentive plan (LTIP) 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 services agency agreement Other noncurrent liabilities Net cash provided by operating activities 166,136 133,625 2,796 3,205 76,476 (46,307) 7,575 49,108 (50,790) 334 (72,734)
(15,396) 1,487 (289) 25,385 8,454 (3,883) 457,825 166,678 125,211 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 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 Cash Flows From Investing Activities Investments in property, plant, and equipment (PP&E)
(193,060)
(209,631)
(203,540)
Purchases of nuclear fuel (211,427)
(205,789)
(203,903)
Investments in nuclear decommissioning trust fund securities (203,528)
(155,039)
(204,397)
Proceeds from the sale of nuclear decommissioning trust fund securities 203,528 155,039 204,397 Net cash used in investing activities (404,487)
(415,420)
(407,443)
Cash Flows From Financing Activities Net proceeds from (repayments of) short-term borrowings:
Member credit facilities (60,000) 60,000 Bank credit facility 19,544 Member capital contribution for LTIP compensation 4,799 Net cash provided by (used in) financing activities (35,657) 60,000 Net Increase (Decrease) in Cash and Cash Equivalents 17,681 (132,773) 3,611 Cash and Cash Equivalents at Beginning of Period 93,281 226,054 222,443 Cash and Cash Equivalents at End of Period 110,962 93,281 226,054 Other Cash Flow Information Cash paid for income taxes on nuclear decomnissioning trust funds Accrued investments in PP&E Accrued purchases of nuclear fuel 5,960 35,719 25,716 7,187 34,493 16,591 4,932 25,180 26,227