LR-N16-0071, Guarantees of Payment of Deferred Premiums
| ML16089A025 | |
| Person / Time | |
|---|---|
| Site: | Salem, Hope Creek  |
| Issue date: | 03/29/2016 |
| From: | Duke P Public Service Enterprise Group |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| LR-N16-0071 | |
| Download: ML16089A025 (5) | |
Text
PSEG Nuclear LLC P.O. Box 236, Hancocks Bridge, NJ 08038-0236 MAR 2 9 2016 LR-N16-0071 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001
Subject:
Salem Generating Station, Units 1 and 2 Renewed Facility Operating License Nos. DPR-70 and DPR-75 NRC Docket Nos. 50-272 and 50-311 Hope Creek Generating Station Renewed Facility Operating License No. NPF-57 NRC Docket No. 50-354 Guarantees of Payment of Deferred Premiums NuckarLLC 10 CFR 140.21(e)
PSEG Nuclear LLC as the licensee of the Salem Generating Station, Units 1 and 2 and the Hope Creek Generating Station, submits supporting documentation to satisfy the guarantee of payment of deferred premium requirements as provided under 10 CFR 140.21(e).
The 2015 PSEG Power LLC Consolidated Statements of Cash Flows is included as Attachment 1 to meet the requirement to provide evidence that a cash flow can be generated and would be available for payment of retrospective premiums. The 2015 PSEG Power LLC Consolidated Statements of Cash Flows is a certified financial statement extracted from the PSEG 2015 Annual Report I Form 1 0-K. The Form 1 0-K is publicly available on the internet at the following Uniform Resource Locator (URL):
http://www.sec.gov/ Archives/edgar/data/81 033/000078878416000014/pseg20151 Okq4. htm There are no regulatory commitments contained in this submittal.
Page 2 LR-N16-0071 If you have any questions or require additional information, please contact Ms. Tanya Timberman at 856-339-1426.
Sincerely, Paul R Duke, Jr.
Manager - Licensing - PSEG Power LLC Consolidated Statements of Cash Flows cc:
Mr. D. Dorman, Administrator, Region I, NRC Mr. T. Wengert, Project Manager, NRC NRC Senior Resident Inspector, Salem NRC Senior Resident Inspector, Hope Creek Mr. P. Mulligan, Chief, NJBNE Corporate Commitment Tracking Coordinator Hope Creek Commitment Tracking Coordinator Salem Commitment Tracking Coordinator 10 CFR 140.21(e)
LR-N 16-0071 PSEG Power LLC Consolidated Statements of Cash Flows
LR-N 16-0071 PSEG POWER LLC CONSOLIDATED STATEMENTS OF CASH FLOWS Millions CASH FLOWS FROM OPERATING ACTIVITIES Net Income Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:
Depreciation and Amortization Amortization of Nuclear Fuel Provision for Deferred Income Taxes and ITC Interest Accretion on Asset Retirement Obligation Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives Non-Cash Employee Benefit Plan Costs Net Realized (Gains) Losses and (Income) Expense from NDT Fund Net Change in Certain Current Assets and Liabilities:
Fuel, Materials and Supplies Margin Deposit Accounts Receivable Accounts Payable Accounts Receivable/Payable-Affiliated Companies, net Other Current Assets and Liabilities Employee Benefit Plan Fundirtg and Related Payments Other Net Cash Provided By (Used Irt) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Additions to Property, Plant artd Equiplhent Proceeds from Sales of Available-for-Sale Securities Investments in Available-f01;-Sale Securities Short-Term Loan-Affiliated Company, net Other Net Cash Provided By (Used In) Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Issuance of Long-Terlh Debt Cash Dividend Paid Redemption of Long-Term Debt Contributed Capital Other Net Cash Provided By (Used In) Financing Activities Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Period Years Ended December 31, 2015 2014 2013
$ 856
$ 760
$ 644 291 213 261 26 (143) 48 (38) 62 122 63 (46)
(84)
(36)
(11) 122 1,706 (1,117) 1,422 (1,455) 221 (72)
(1,001)
(400)
(300)
(2)
(702) 3 9
292 200 221 30 (93) 13 (166) 19 (22)
(15)
(59) 220 (6)
(7) 38 1,425 (626) 1,557 (1,573) 206 (88)
(524)
(895)
(3)
(898) 3 6
273 192 122 23 79 66 (104)
(8)
(43)
(4) 28 72 (46) 53 1,347 (609) 1,084 (1,102)
(216)
(18)
(861) 500 (705)
(300) 24 (6)
(487)
(1) 7
LR-N16-0071 CASH FLOWS FROM FINANCING ACTIVITIES Cash and Cash Equivalents at Beginning of Period riocl Years Ended December 31, 2015 2014 2013 6
7 See disclosures regarding PSEG Power LLC included in the Notes to Consolidated Financial Statements.
PSEG Nuclear LLC P.O. Box 236, Hancocks Bridge, NJ 08038-0236 MAR 2 9 2016 LR-N16-0071 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001
Subject:
Salem Generating Station, Units 1 and 2 Renewed Facility Operating License Nos. DPR-70 and DPR-75 NRC Docket Nos. 50-272 and 50-311 Hope Creek Generating Station Renewed Facility Operating License No. NPF-57 NRC Docket No. 50-354 Guarantees of Payment of Deferred Premiums NuckarLLC 10 CFR 140.21(e)
PSEG Nuclear LLC as the licensee of the Salem Generating Station, Units 1 and 2 and the Hope Creek Generating Station, submits supporting documentation to satisfy the guarantee of payment of deferred premium requirements as provided under 10 CFR 140.21(e).
The 2015 PSEG Power LLC Consolidated Statements of Cash Flows is included as Attachment 1 to meet the requirement to provide evidence that a cash flow can be generated and would be available for payment of retrospective premiums. The 2015 PSEG Power LLC Consolidated Statements of Cash Flows is a certified financial statement extracted from the PSEG 2015 Annual Report I Form 1 0-K. The Form 1 0-K is publicly available on the internet at the following Uniform Resource Locator (URL):
http://www.sec.gov/ Archives/edgar/data/81 033/000078878416000014/pseg20151 Okq4. htm There are no regulatory commitments contained in this submittal.
Page 2 LR-N16-0071 If you have any questions or require additional information, please contact Ms. Tanya Timberman at 856-339-1426.
Sincerely, Paul R Duke, Jr.
Manager - Licensing - PSEG Power LLC Consolidated Statements of Cash Flows cc:
Mr. D. Dorman, Administrator, Region I, NRC Mr. T. Wengert, Project Manager, NRC NRC Senior Resident Inspector, Salem NRC Senior Resident Inspector, Hope Creek Mr. P. Mulligan, Chief, NJBNE Corporate Commitment Tracking Coordinator Hope Creek Commitment Tracking Coordinator Salem Commitment Tracking Coordinator 10 CFR 140.21(e)
LR-N 16-0071 PSEG Power LLC Consolidated Statements of Cash Flows
LR-N 16-0071 PSEG POWER LLC CONSOLIDATED STATEMENTS OF CASH FLOWS Millions CASH FLOWS FROM OPERATING ACTIVITIES Net Income Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:
Depreciation and Amortization Amortization of Nuclear Fuel Provision for Deferred Income Taxes and ITC Interest Accretion on Asset Retirement Obligation Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives Non-Cash Employee Benefit Plan Costs Net Realized (Gains) Losses and (Income) Expense from NDT Fund Net Change in Certain Current Assets and Liabilities:
Fuel, Materials and Supplies Margin Deposit Accounts Receivable Accounts Payable Accounts Receivable/Payable-Affiliated Companies, net Other Current Assets and Liabilities Employee Benefit Plan Fundirtg and Related Payments Other Net Cash Provided By (Used Irt) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Additions to Property, Plant artd Equiplhent Proceeds from Sales of Available-for-Sale Securities Investments in Available-f01;-Sale Securities Short-Term Loan-Affiliated Company, net Other Net Cash Provided By (Used In) Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Issuance of Long-Terlh Debt Cash Dividend Paid Redemption of Long-Term Debt Contributed Capital Other Net Cash Provided By (Used In) Financing Activities Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Period Years Ended December 31, 2015 2014 2013
$ 856
$ 760
$ 644 291 213 261 26 (143) 48 (38) 62 122 63 (46)
(84)
(36)
(11) 122 1,706 (1,117) 1,422 (1,455) 221 (72)
(1,001)
(400)
(300)
(2)
(702) 3 9
292 200 221 30 (93) 13 (166) 19 (22)
(15)
(59) 220 (6)
(7) 38 1,425 (626) 1,557 (1,573) 206 (88)
(524)
(895)
(3)
(898) 3 6
273 192 122 23 79 66 (104)
(8)
(43)
(4) 28 72 (46) 53 1,347 (609) 1,084 (1,102)
(216)
(18)
(861) 500 (705)
(300) 24 (6)
(487)
(1) 7
LR-N16-0071 CASH FLOWS FROM FINANCING ACTIVITIES Cash and Cash Equivalents at Beginning of Period riocl Years Ended December 31, 2015 2014 2013 6
7 See disclosures regarding PSEG Power LLC included in the Notes to Consolidated Financial Statements.