ML19318G170

2019 Annual Report - Guarantees of Payment of Deferred Premiums

ML19318G170
Person / Time
Site:	Calvert Cliffs, Dresden, Peach Bottom, Nine Mile Point, Byron, Braidwood, Limerick, Ginna, Clinton, Quad Cities, FitzPatrick, LaSalle, Crane
Issue date:	11/14/2019
From:	Wright B Exelon Generation Co
To:	Document Control Desk, Office of Nuclear Reactor Regulation
Shared Package
ML19318G168	List: ML19318G170
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Download: ML19318G170 (7)

Text

Exelon 10 CFR 140.21 Confidential Financial Information Submitted Under 10 CFR 2.390 November 14, 2019 U.S. Nuclear Regulatory Commission ATIN: Document Control Desk Washington, DC 20555-0001 Braidwood Station, Units 1 and 2 Renewed Facility Operating License Nos. NPF-72 and NPF-77 NRC Docket Nos. STN 50-456 and STN 50-457 Byron Station, Units 1 and 2 Renewed Facility Operating License Nos. NPF-37 and NPF-66 NRC Docket Nos. STN 50-454 and STN 50-455 Calvert Cliffs Nuclear Power Plant, Units 1 and 2 Renewed Facility Operating License Nos. DPR-53 and DPR-69 NRC Docket Nos. 50-317 and 50-318 Clinton Power Station, Unit 1 Facility Operating License No. NPF-62 NRC Docket No. 50-461 Dresden Nuclear Power Station, Units 2 and 3 Renewed Facility Operating License Nos. DPR-19 and DPR-25 NRC Docket Nos. 50-237 and 50-249 James A. FitzPatrick Nuclear Power Plant Renewed Facility Operating License No. DPR-59 NRC Docket No. 50-333 LaSalle County Station, Units 1 and 2 Renewed Facility Operating License Nos. NPF-11 and NPF-18 NRC Docket Nos. 50-373 and 50-37 4 Limerick Generating Station, Units 1 and 2 Renewed Facility Operating License Nos. NPF-39 and NPF-85 NRC Docket Nos. 50-352 and 50-353 transmitted herewith contains Confidential Financial Information.

When separated from Attachment 1, this transmittal document is decontrolled.

2019 Annual Report - Guarantees of Payment of Deferred Premiums November 142019 Page 2 Nine Mile Point Nuclear Station, Units 1 and 2 Renewed Facility Operating License Nos. DPR-63 and NPF-69 NRC Docket Nos. 50-220 and 50-410 Peach Bottom Atomic Power Station, Units 2 and 3 Renewed Facility Operating License Nos. DPR-44 and DPR-56 NRC Docket Nos. 50-277 and 50-278 Quad Cities Nuclear Power Station, Units 1 and 2 Renewed Facility Operating License Nos. DPR-29 and DPR-30 NRC Docket Nos. 50-254 and 50-265 E. Ginna Nuclear Power Plant Renewed Facility Operating License NRC Docket No. 50-244 Three Mile Island Nuclear Station, Unit 1 Renewed Facility Operating License NRC Docket No. 50-289 8

2019 Annual Report - Guarantees of Payment of Pursuant 10 140.21, "Licensee guarantees payment of deferred premiums,"

Generation Company, is providing that it maintains a guarantee payment deferred premiums in the amount of $20.496 million each reactor it owns {in whole or in and is licensed to This information is required be submitted annually on the date on which the indemnity agreement is effective for each covered reactor.

"-"'"""n.

.1;;1.., the indemnity agreement effective for each reactor, Generation submits information for all of its November 16 year its compliance with 10 CFR Exelon Generation Company, projected internal is. The average quarterly cash projection could be million needed to provide for its payment retrospective premiums.

1-ll"'it!!*l"f"ll\\I Company is the owner of 25 percent of the Quad Nuclear

Nuclear, is owner of 50 percent of Peach Bottom Atomic 2

Units 2

3. Constellation Energy Nuclear Group, LLC {"CENG") owns (through a subsidiary)

Calvert Cliffs Nuclear Power Plant, (which owns Calvert Cliffs Nuclear

Plant, 1

and 2),

E. Ginna Nuclear Power Plant, (which owns the R.

Ginna Nuclear Station), and Nine Mile Point Nuclear Station, LLC (which owns 100%

Nine Mile Nuclear Station, Unit 1 and 82% of Nine Point Nuclear Station, Unit 2). Exelon Generation Company, LLC, its direct subsidiaries, owns a 50.01 % interest in

, a subsidiary of Electricite de France, S.A., a French societe owns a 49.99% interest in In addition, Long Island Authority owns an 18% interest in Nine Mile Point Nuclear Plant, Unit 2. This submittal also serves to reflect the payment deferred premiums for these units.

2019 Annual Report - Guarantees of Payment of Deferred Premiums November 142019 Page 3 Dresden Nuclear Power Station, Unit 1, and Peach Bottom Atomic Power Station, Unit 1 are not included in this report because these units are permanently shutdown reactors in the SAFSTOR status and not subject to this regulation. contains information confidential to Exelon Generation Company, LLC. Exelon Generation Company, LLC requests that the contents of Attachment 1 be withheld from public disclosure in accordance with 10 CFR 2.390(a)(4). An affidavit supporting the 2.390(a)(4) request is contained in Attachment 2. A non-confidential version of the projected internal cash flow is contained in Attachment 3.

If you have any questions about this letter, please contact T. Loomis at (610) 765-5510.

Respectfully,

. v* r.w~

BryanP.fight... ~

Chief Financial Officer Exelon Generation Company, LLC Attachments:

1) Confidential Financial Information - Projected Internal Cash Flow

2) Affidavit

3) Non-Confidential Financial Information - Projected Internal Cash Flow cc:

Regional Administrator - NRC Region I Regional Administrator - NRC Region Ill NRC Senior Resident Inspector - Braidwood Station NRC Senior Resident Inspector - Byron Station NRC Senior Resident Inspector - Calvert Cliffs Nuclear Power Plant NRC Senior Resident Inspector - Clinton Power Station NRC Senior Resident Inspector-Dresden Nuclear Power Station NRC Senior Resident Inspector - James A. FitzPatrick Nuclear Power Plant NRC Senior Resident Inspector - LaSalle County Station NRC Senior Resident Inspector-Limerick Generating Station NRC Senior Resident Inspector - Nine Mile Point Nuclear Station NRC Senior Resident Inspector - Peach Bottom Atomic Power Station NRC Senior Resident Inspector - Quad Cities Nuclear Power Station NRC Senior Resident Inspector - R. E. Ginna Nuclear Power Plant NRC Senior Resident Inspector - Three Mile Island Nuclear Station, Unit 1

ATTACHMENT 2 Exelon Generation Company, LLC 2019 Annual Report - Guarantees of Payment of Deferred Premiums AFFIDAVIT

ATTACHMENT 2 AFFIDAVIT I, Bryan P. Wright, Chief Financial Officer of Exelon Generation Company, LLC (Exelon), do hereby affirm and state:

1. I am an officer of Exelon authorized to execute this affidavit on its behalf. I am further authorized to review information submitted to the Nuclear Regulatory Commission (NRC) and apply for the withholding of information from disclosure.

2. Exelon is providing information pursuant to 10 CFR 140.21 (e), which constitutes proprietary financial information that should be held in confidence by the NRC pursuant to the policy reflected in 10 CFR 2.390(a)(4), because:

i.

This information (2019 Internal Cash Flow Projection, ATTACHMENT 1) is and has been held in confidence by Exelon.

ii.

This information is of a type that is held in confidence by Exelon, and there is a rational basis for doing so because the information contains sensitive financial information concerning Exelon's projected revenues, and operating expenses.

iii.

This information is being transmitted to the NRC in confidence.

iv.

This information is not available in public sources and could not be gathered readily from other publicly available information.

v.

Public disclosure of this information would create substantial harm to the competitive position of Exelon by disclosing Exelon's internal financial projections to other parties whose commercial interests may be adverse to those of Exelon.

3. Accordingly, Exelon requests that the designated documents be withheld from public disclosure pursuant to the policy reflected in 10 CFR 2.390(a)(4).

Subscribed and sworn before me, A Notary Public in and for the State of Maryland this 14 day of tJ ove... her 2019

~~

Exelon Generation Company, LLC Chief Financial Officer

ATTACHMENT 3 Exelon Generation Company, LLC 2019 Annual Report - Guarantees of Payment of Deferred Premiums Non-Confidential Financial Information Projected Internal Cash Flow

Net Income Non-Confidential Financial Information Submitted Under 1 O CFR 2.390 Contains Non-Confidential Financial Information ATTACHMENT 1 Exelon Generation Company, LLC 2019 Internal Cash Flow Projection (Dollars In Thousands)

Less: Dividends Paid Earnings (Loss)

Adjustments Adjustments Depreciation, amortization, and accretion Deferred income taxes and investment tax credits Impairment of certain generating assets Net realized and unrealized mark-to-market transactions Other non-cash operating activities Internal Cash Flow Average Quarterly Cash Flow Licensed Sites Braidwood Station, Units 1 and 2 Byron Station, Units 1 and 2 Dresden Nuclear Power Station, Units 2 and 3 LaSalle County Station, Units 1 and 2 Limerick Generating Station, Units 1 and 2 Peach Bottom Atomic Power Station, Units 2 and 3 Quad Cities Nuclear Power Station, Units 1 and 2 Clinton Power Station Three Mile Island, Unit 1 Calvert Cliffs Nuclear Power Plan, Units 1 and 2 Nine Mile Point Nuclear Station, Units 1 and 2 R. E. Ginna Nuclear Power Plant James A FitzPatrick, Unit 1 Maximum Total Contingent Liability Certification Exelon Generation Company, LLC has sufficient cash flow to ensure that its obligations to pay deferred premiums under 10 CFR Part 140 will be met.

Certified By: b~

r l ~f, lJBry~n~

Chief Financial Officer Exelon Generation Company, LLC s

2019 Projected UNAUDITED 2

2 2

2 2

2 2

1 1

2 2

1 22 450,912