RS-08-150, Annual Report - Guarantees of Payment of Deferred Premiums
| ML083240231 | |
| Person / Time | |
|---|---|
| Site: | Dresden, Peach Bottom, Byron, Braidwood, Limerick, Quad Cities, LaSalle  |
| Issue date: | 11/13/2008 |
| From: | Miller T Exelon Generation Co, Exelon Nuclear |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| RS-08-150 | |
| Download: ML083240231 (6) | |
Text
Exelkn 10 CFR 140.21 Confidential Financial Information Submitted Under 10 CFR 2.390 RS-08-150 November 13, 2008 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001 Braidwood Station, Units 1 and 2 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 Facility Operating License Nos. NPF-37 and NPF-66 NRC Docket Nos. STN 50-454 and STN 50-455 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 LaSalle County Station, Units 1 and 2 Facility Operating License Nos. NPF-1 1 and NPF-18 NRC Docket Nos. 50-373 and 50-374 Limerick Generating Station, Units 1 and 2 Facility Operating License Nos. NPF-39 and NPF-85 NRC Docket Nos. 50-352 and 50-353 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
Subject:
2008 Annual Report - Guarantees of Payment of Deferred Premiums Pursuant to 10 CFR 140.211, "Licensee guarantees of payment of deferred premiums," Exelon Generation Company, LLC, is providing evidence that we maintain a guarantee of payment of deferred premiums in the amount of $17.5 million for each of our reactors. This information is required to be submitted annually on the anniversary date on which the indemnity agreement is
'As amended, effective October 29, 2008. See 73 Fed. Reg. 56451 (September 29, 2008).
2008 Annual Report - Guarantees of Payment of Deferred Premiums November xx, 2008 Page 2 effective for each of our reactors. Since the indemnity agreement effective dates vary for each of our reactors, we submit information for all of our reactors by November 16 of each year to demonstrate our compliance with 10 CFR 140.21.
The Exelon Generation Company, LLC, projected internal cash flow is contained in Attachment 1. The average quarterly cash flow projection could be drawn on to raise $245 million needed to provide for our payment of retrospective premiums.
MidAmerican Energy Company is the owner of 25 percent of the Quad Cities Nuclear Power Station.
This submittal also provides evidence of a guarantee of payment of deferred premiums by both MidAmerican Energy Company and us. Additionally, PSEG Nuclear, LLC is the owner of 50 percent of Peach Bottom Atomic Power Station, Units 2 and 3. This submittal also provides evidence of a guarantee of payment of deferred premiums by both PSEG Nuclear, LLC and us.
Peach Bottom Atomic Power Station, Unit 1 is not included in this report because this unit is a permanently shutdown reactor 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,
,(
Thomas R. Miller Assistant Treasurer 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 III NRC Senior Resident Inspector-Braidwood Station NRC Senior Resident Inspector-Byron Station NRC Senior Resident Inspector-Dresden Nuclear Power Station NRC Senior Resident Inspector - LaSalle County Station NRC Senior Resident Inspector-Limerick Generating Station NRC Senior Resident Inspector-Peach Bottom Atomic Power Station NRC Senior Resident Inspector - Quad Cities Nuclear Power Station
ATTACHMENT 2 Exelon Generation Company, LLC 2008 Annual Report - Guarantees of Payment of Deferred Premiums AFFIDAVIT
ATTACHMENT 2 AFFIDAVIT I, Thomas R. Miller, Assistant Treasurer of Exelon Generation Company, LLC, do hereby affirm and state:
- 1. I am an officer of Exelon Generation Company, LLC 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 Generation Company, LLC 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:
This information (2008 Internal Cash Flow) and has been held in confidence by Exelon Generation Company, LLC.
ii.
This information is of a type that is held in confidence by Exelon Generation Company, LLC, and there is rational basis for doing so because the information contains sensitive financial information concerning Exelon Generation Company, LLC'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 Generation Company, LLC by disclosing Exelon Generation Company, LLC's internal financial projections to other parties whose commercial interests may be adverse to those of Exelon Generation Company, LLC.
- 3. Accordingly, Exelon Generation Company, LLC requests that the designated documents be withheld from public disclosure pursuant to the policy reflected in 10 CFR 2.390(a)(4).
Exelon Generation Co y, LLC OFFICIAL SEAL Maria Dolores Munguia Notary Public, State of Illinois Commission Expires 04/04/2012 Thomas R.-1Miller Assistant Treasurer Subscribed and sworn before me, A Notary Public in and for the State of Illinois this I day of A(J, 2008
ATTACHMENT 3 Exelon Generation Company, LLC 2008 Annual Report - Guarantees of Payment of Deferred Premiums Non-Confidential Financial Information Projected Internal Cash Flow
Non-Confidential Financial Informatior.,
Submitted Under 2.390 Contains Non-Confidential Financial Information ATTACHMENT 1 Exelon Generation Company, LLC 2008 Internal Cash Flow Projection (Dollars in Thousands) 2008 Projected UNAUDITED Net Income Less Dividends Paid Earnings (Loss)
Adjustments Depreciation, Amortization, and Accretion Deferred Income Taxes and Investment Tax Credits Net Unrealized Mark-to-Market and hedging transactions Net Unrealized Losses on Nuclear Decommissioning Trust Funds Other Non-cash Operating Activities Adjustments Internal Cash Flow Average Quarterly Cash Flow Percentage Ownership Guaranteed Braidwood Station, Units 1 and 2 100%
Byron Station, Units 1 and 2 100%
Dresden Nuclear Power Station, Units 2 and 3 100%
LaSalle County Station, Units 1 and 2 100%
Limerick Generating Station, Units 1 and 2 100%
Peach Bottom Atomic Power Station, Units 2 and 3
- 100%
Quad Cities Nuclear Power Station, Units 1 and 2 **
100%
Maximum Total Contingent Liability
$245M
- PSEG Nuclear LLC is the owner of 50% of Peach Bottom Atomic Povwer Station, Units 2 and 3
- Mid American Energy Company is the owner of 25% of the Quad Cites Nuclear Povwer Station Footnotes:
Certification Exelon Generation Company, LLC has su fi nt cash flow to ensure that its obligations to pay deferred remiums/d*#10 CFR Part 140 will be met.
Certified By.
-7 oras R. Miller Assistant Treasurer Exelon Generation Company, LLC