ComEd 2013 Annual Report Download - page 16

are continuingto evaluate additional requirements. For additional information on theNRCactionsrelatedto theJapan Earthquake
andTsunami andtheindustry’s response,see ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS—ExecutiveOverview.
Licenses.Generation has40-year operatinglicensesfromtheNRCfor each ofitsnuclear unitsandhasreceived20-year operating
license renewalsfor Peach BottomUnits2and3,Dresden Units2and3,QuadCitiesUnits1and2, Oyster CreekandThree Mile
IslandUnit1.Additionally, PSEG has40-year operatinglicensesfromtheNRCandhasreceived20-year operatinglicense renewals
for SalemUnits1and2.OnDecember 8, 2010,Exelon announcedthat Generation will permanentlyceasegeneration operationsat
Oyster CreekbyDecember 31,2019. Thefollowingtable summarizesthecurrent operatinglicenseexpiration datesfor Generation’s
nuclear facilitiesinservice:
Station Unit
In-Service
Date (a)
Current License
Expiration
Braidwood(b) ..................................................................... 11988 2026
21988 2027
Byron (b) ......................................................................... 11985 2024
21987 2026
Clinton .......................................................................... 11987 2026
Dresden (c) ....................................................................... 21970 2029
31971 2031
LaSalle .......................................................................... 11984 2022
21984 2023
Limerick (d) ....................................................................... 11986 2024
21990 2029
Oyster Creek(c)(e).................................................................. 11969 2029
Peach Bottom(c) ................................................................... 21974 2033
31974 2034
QuadCities(c) ..................................................................... 11973 2032
21973 2032
Salem(c) ......................................................................... 11977 2036
219812040
Three Mile Island(c) ................................................................ 11974 2034
(a)Denotesyear inwhich nuclear unitbegan commercial operations.
(b) OnMay29, 2013,Generation submittedapplicationsto theNRCto extendthe operatinglicensesofBraidwoodUnits1and2andByron Units1and2by 20 years.
(c) Stationsfor which theNRChas issueda renewedoperatinglicenses.
(d) InJune 2011,Generation submittedapplicationsto theNRCto extendthe operatinglicensesof Limerick Units1and2by 20 years.
(e)InDecember 2010,Exelon announcedthat Generation will permanentlyceasegeneration operationsat Oyster CreekbyDecember 31,2019.
Generation expectsto applyfor andobtain approval oflicense renewalsfor theremainingnuclear units. The operatinglicense
renewal process takesapproximatelyfour to fiveyearsfromthecommencement ofthe renewal process untilcompletion ofthe
NRC’s review. TheNRCreviewprocess takesapproximatelytwoyearsfromthedocketingofan application.Each requestedlicense
renewal is expectedto befor 20 yearsbeyondtheoriginal licenseexpiration.Depreciation provisionsare basedon theestimated
useful livesofthestations, which reflecttheactual andassumedrenewal ofoperatinglicensesfor all ofGeneration’s operating
nuclear generatingstationsexcept for Oyster Creek.
InAugust 2012,Generation enteredinto an operatingservicesagreement withtheOmahaPublic Power District(OPPD) to provide
operational andmanagerial support servicesfor theFort Calhoun Station andalicensingagreement for useoftheExelon Nuclear
Management Model.The terms for bothagreementsare 20 years. OPPD will continue to ownthe plant andremaintheNRC
licensee.
Nuclear Uprate Program. Generation is engagedinindividual projectsaspart ofa plannedpower uprate programacross its
nuclear fleet.When economicallyviable,the projectstakeadvantageofnewproduction andmeasurement technologies, new
materialsandapplication ofexpertisegainedfromahalf-centuryofnuclear power operations. Basedon ongoingreviews, the
nuclear uprate implementation plan wasadjustedduring2013 to cancel certain projects. TheMeasurement UncertaintyRecapture
uprate projectsat theDresden andQuadCitiesnuclear stationswere cancelledasaresult ofthecostofadditional plant
modificationsidentifiedduringfinal designwork which, when combinedwiththen current market conditions, madethe projectsnot
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