ML102370767

Guarantee of Payment of Deferred Premiums

ML102370767
Person / Time
Site:	Nine Mile Point
Issue date:	08/16/2010
From:	Dosa J Constellation Energy Nuclear Group, EDF Group
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML102370767 (3)

Text

P.O. Box 63 Lycoming, New York 13093 CENG Ba joint venture of Collatton JteDFa Nine Mile Point Nuclear Station Director, Office of Nuclear Regulation August 16, 2010 U.S. Nuclear Regulatory Commission Washington, DC 20555-0001 ATTENTION:

Document Control Desk

SUBJECT:

Nine Mile Point Nuclear Station Unit Nos. 1 and 2; Docket Nos. 50-220 and 50-4 10 Guarantee of Payment of Deferred Premiums Pursuant to the requirements of 10 CFR 140.21(e), enclosed is the Consolidated Statements of Cash Flows taken from the Constellation Energy Group, Inc., Form 10K (Annual Report) to the Securities and Exchange Commission for the fiscal year that ended December 31, 2009.

This enclosure shows that Constellation Energy Group has a cash flow that can be generated and would be available for payment of the Nine Mile Point Nuclear Station, LLC retrospective premiums of

$17,500,000 per unit.

Should you have any questions regarding the information in this submittal, please contact me at (315) 349-5219.

Very truly yours, JohnD sa Director Licensing (Acting)

JJD/BC

Enclosure:

Consolidated Statements of Cash Flows cc:

NRC Regional Administrator, Region I NRC Resident Inspector NRR Project Manager Mou

4 ENCLOSURE CONSOLIDATED STATEMENTS OF CASH FLOWS Nine Mile Point Nuclear Station, LLC August 16,2010

I ENCLOSURE 1 CONSOLIDATED STATEMENTS OF CASH FLOWS qp S alýwrs

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_. 'ý40 1,

Constellation Energy Group, Inc. end Subsidiaries Year Ended December 31.

2009 2008

.2007 (in,"iAU-)

Cash Hows From Operating Activities Net income Ooss)

$ 4,503.4

$(1,318.4) 833.5 Adustmernts to reconcile to net cash provided by operating activities Depeciation, depletion, and amortization 589.1 583.2 557.8 Amortization of nuclear fuel 117.9 123.9 114.3 Amortization of energy contracts and derivatives designated as hedges (138.4)

(256.3)

(222.9)

All other amortization 135.7 40.5 11.2 Accreton of asset retirement obligations 62.3 68.4 68.3 Deferred income taxes 1,846.9 (122.8) 226.2 Investment tax credit adjustments (12.1)

(6.4)

S.7)

Deferred fuel mosrs 68.9 52.0 (240)

Defined benefit obligation expense 85.3 99.6 111.8 Defined benefit obligation payments (372.5)

(120.4)

(165.4)

Merger termination arid strategic alternatives costs 128.2

'541.8 Woirforce reduction costs 12.6 22.2 2.3 Impairment losses and other costs 124.7 741.8 20.2 Impairment lmses on nuclear decommissioning trust assets 62.6 165.0 8.5 Gain on sale of 49.99% membership interest in CENG (7,445.6)

Gains on sale of CEP LLC equity (63.3)

Loss (gan) on divesrtieres 468.8 (38.1)-

Gains on termination of contracts (73.1)

Accrual of BGE residential customer credit 112.4 Equity in earnings of affiliates less than dividends received 15.5 6.3 45.3 Derivative contracts cdaified as financing activities 1,138.3 (107.2) 32.2 Changes in working capital Accounts receivable, excluding margin 543.3 606.7 (664.2)

Derivative assess and liabilities, excluding collateral 425.3 (757.9)

(138.2)

Net collateral and margin 1,522.8 (960.3) 49.6 Materials, supplies, and fuel stocks 220.6 (33.5)

(66.4)

Other current assets 217.2 (95.4)

(18.5)

Accounts payable and accrued liabilities (1,105.0)

(225.8) 448.8 Liability for un ized tax benefits 102.1 79.7 71.9 Other cmrent liabilities 788.8 (238.1)

(14.0)

Other 171.7 (38.5)

(53.3)

Net cash provided by (used in) operating activities 4,390.8 (1,261.1) 941.0 Cash Flows From Investing Activities Investments in property, plant and ecuipsent (1,529.7)

(1,934.1)

(1.295.7)

Asser acquisitions and business combinations. net of cash acquired (41.1)

(315.3)

(347.5)

Investments in nuclear decommissioning trust fund securities (385.2)

(440.6)

(659.5)

Proceeds from nuclear decommissioning trust fund securities 366.5 421.9 650.7 Investments in joint ventures (201.6)

Isuancos of loans receivable (19.0)

Proceeds from sale of 49.99% membership interest in CENG 3,528.7 proceeds from sales of investments and other assets 88.3 446.3 13.9 Contract and portfolio acquisitions (2,153.7)

(474.2)

Dec.eae (increase) in restricted funds 1,003.3 (942.8)

(109.9)

Other 0.1 21.7 (45.3)

Net cash provided by (used in) investing activities 675.6 (2,742.9)

(2,286.5)

Cash Flows From Finain

.Activities Net (maturity) issuance ofshort-term borrowings (809.7) 813.7 14.0 Proceeds fiom issuance of common stock 33.9 17.6 65.1 Proceeds f'rom issuance of long-term debt 136.1 3,211.4 698.2 Common stock dividends paid (228.0)

(336.3)

(316;0)

Reacquisition of common stock (16.2)

(4095)

BGE preference stock dividends paid (13.2)

(13.2)

(13.2)

Proceeds from contract and port folio acquisitions 2,263.1 847.8 Repayment of long-term debt (1,986.8)

(577.4)

(745.3)

Derivative contracts classified as financing activities (1,138.3) 107.2 (32.2)

Debt and credit fucility costs (98.4)

(104.8)

Other 12.7 8.3 33.4 Net cash (used in) provided by financing activities (1,828.6) 3,110.3 152.3 Net Increase (Decrtase) in Csh and Cash Equivalentss 3,237.8 (893.7)

(1,193.2)

Cash and Cash Equivalents at Beginning of Year 202.2 1,095.9 2,289.1 Cash and Cash Equivaletns at End of Year

$ 3,440.0 202.2

$ 1,095.9 Other Cash Flow Iaformations Cash paid during the year for-.

Interest (net of amounts capitalized) 369.5 341.4

$ 291.8 Income taxes 57.1 119.2

$ 282.4

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