ML14085A331
| ML14085A331 | |
| Person / Time | |
|---|---|
| Site: | Calvert Cliffs, Nine Mile Point, Ginna  |
| Issue date: | 03/24/2014 |
| From: | Montgomery B Constellation Energy Nuclear Group, EDF Group |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML14085A331 (5) | |
Text
Constellation Energy Nuclear Group, LLC 100 Constellation Way, Suite 200C Baltimore, MD 21202 CENG..
a joint venture of March 24, 2014 U.S. Nuclear Regulatory Commission Washington, DC 20555-0001 ATTENTION:
Document Control Desk
SUBJECT:
Calvert Cliffs Nuclear Power Plant, Units I and 2 Docket Nos. 50-317 and 50-318 Nine Mile Point Nuclear Station, Units I and 2 Docket Nos. 50-220 and 50-410 R. E. Ginna Nuclear Power Plant Docket No. 50-244 2013 Annual Report-Guarantees of Payment of Deferred Premiums
REFERENCE:
(a) Letter from E. P. Perkins (CENG) to Document Control Desk (NRC), dated March 28, 2013, 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 (attached).
This Consolidated Statement is taken from Exelon Corporation's Form 10K (Annual Report) submitted to the Securities and Exchange Commission for the fiscal year that ended December 31, 2013.
One of CENG'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 Electricitd de France SA, a French limited company. The attached Consolidated Statements of Cash Flows 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 the reactors in the CENG fleet. The indemnity agreement effective V...
Document Control Desk March 24, 2014 Page 2 dates vary for each reactor. As stated in Reference (a), in the interest of efficiency, CENG now submits the annual reports required under 10 CFR 140.21 on the date of the first required submittal.
There are no regulatory commitments contained in this correspondence.
Should you have any questions regarding the information in this submittal, please contact me at 443-532-6533.
Sincerely, Bu S.Mont ery M
ager, Nuclear Safety dSecurity BSM/EMT
Attachment:
Exelon Generation Company, LLC and Subsidiary Companies--Consolidated Statements of Cash Flows cc:
NRC Project Manager, Calvert Cliffs NRC Project Manager, Ginna NRC Project Manager, Nine Mile Point Regional Administrator, NRC Region I Resident Inspector, NRC (Calvert Cliffs)
Resident Inspector, NRC (Ginna)
Resident Inspector, NRC (Nine Mile Point)
ATTACHMENT EXELON GENERATION COMPANY, LLC AND SUBSIDIARY COMPANIES--CONSOLIDATED STATEMENTS OF CASH FLOWS Constellation Energy Nuclear Group, LLC March 24, 2014
ATTACHMENT 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 the Years Ended December 31, 3
2012 21 (In millions)
Cash flows from operating activities Net income Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation, amortization, depletion and accretion, including nuclear fuel and energy contract amortization Loss on sale of three Maryland generating stations Deferred income taxes and amortization of investment tax credits Net fair value changes related to derivatives Net realized and unrealized (gains) losses on nuclear decommissioning trust fund investments Other non-cash operating activities Changes in assets and liabilities:
Accounts receivable Receivables from and payables to affiliates, net Inventories Accounts payable, accrued expenses and other current liabilities Option premiums paid, net Counterparty collateral (posted) received, net Income taxes Pension and non-pension postretirement benefit contributions Other assets and liabilities Net cash flows provided by operating activities Cash flows from investing activities Capital expenditures Proceeds from nuclear decommissioning trust fund sales Investment in nuclear decommissioning trust funds Cash and restricted cash acquired from Constellation Proceeds from sale of long-lived assets Acquisitions of long lived assets Change in restricted cash Changes in Exelon intercompany money pool Distribution from CENG Other investing activities 201 O11
$ 1,060 558
$ 1,771 2,559 2,966 272 315 (448)
(170) 414 109 2
(88)
(109)
(36) 162 402 (149)
(136) 3,887 (2,752) 4,217 (4,450) 32 (64)
(44) 115 30 408 (611)
(157) 537 248 39 31 (499)
(114) 95 114 (178)
(128) 1,539 551 291 14 421 (122) 208 (47) 34 (3)
(410) 193 (1,070)
(57) 3,581 3,313 (3,554) 7,265 (7,483) 708 371 (21) 4 81 (2,491) 6,139 (6,332)
(387)
Net cash flows used in investing activities (2,916)
(2,629)
(3,077)
Page 1 of 2
ATTACHMENT EXELON GENERATION COMPANY, LLC AND SUBSIDIARY COMPANIES--
CONSOLIDATED STATEMENTS OF CASH FLOWS Cash flows from financing activities Change in short-term debt Issuance of long-term debt Retirement of long-term debt Distribution to member Contribution from member Other financing activities Net cash flows used in financing activities Increase in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period 13 (52) 854 1,076 (570)
(145)
(625)
(1,626) 26 48 (82)
(78)
(2)
.(172) 30 (52)
(196) 40 456 (384) 587 671 (777) 175 496
$ 1,258 671 496 See the Combined Notes to Consolidated Financial Statements 197 Page 2 of 2