Exelon 2015 Annual Report Download - page 308

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
operating costs, lower fuel expense, and lower capital expenditures in the periods beyond shutdown. While there are a number of Generation’s
nuclear plants that are at risk of early retirement, the following table provides the balance sheet amounts as of December 31, 2015 for significant
assets and liabilities associated with the three nuclear plants currently considered by management to be at the greatest risk of early retirement due
to their current economic valuations and other factors:
(in millions) Quad Cities Clinton Ginna Total
Asset Balances
Materials and supplies inventory $ 50 $ 57 $ 29 $ 136
Nuclear fuel inventory, net 218 107 60 385
Completed plant, net 1,030 579 127 1,736
Construction work in progress 11 9 11 31
Liability Balances
Asset retirement obligation (698) (401) (644) (1,743)
NRC License Renewal Term 2032 2046 2029
(a) Assumes Clinton seeks and receives a 20-year operating license renewal extension.
In the event a decision is made to retire early one or more nuclear plants, the precise timing of the retirement date, and resulting financial
statement impact, is uncertain and would be influenced by a number of factors such as the results of any transmission system reliability study
assessments, the nature of any co-owner requirements and stipulations, and decommissioning trust fund requirements, among other factors.
However, the earliest retirement date for any plant would usually be the first year in which the unit does not have capacity obligations and just prior
to its next scheduled nuclear refueling outage date in that year.
10. Jointly Owned Electric Utility Plant (Exelon, Generation, PECO and BGE)
Exelon, Generation, PECO and BGE’s undivided ownership interests in jointly owned electric plants and transmission facilities at
December 31, 2015 and 2014 were as follows:
Nuclear Generation
Fossil Fuel
Generation Transmission Other
Quad Cities
Peach
Bottom Salem
Nine Mile
Point Unit 2 Wyman PA DE/NJ Other
Operator
Generation
Generation
PSEG
Nuclear
Generation
FP&L
First
Energy
PSEG
Ownership interest 75.00% 50.00% 42.59% 82.00% 5.89% Various 42.55% 44.24%
Exelon’s share at December 31, 2015:
Plant $ 1,035 $ 1,345 $ 566 $ 756 $ 3 $ 15 $ 65 $ 1
Accumulated depreciation 309 368 167 42 3 7 35 1
Construction work in progress 11 18 40 56 — — — —
Exelon’s share at December 31, 2014:
Plant $ 995 $ 1,095 $ 531 $ 676 $ 3 $ 14 $ 64 $ 2
Accumulated depreciation 266 343 150 14 3 7 34 1
Construction work in progress 15 133 29 48 — — — —
(a) Generation also owns a proportionate share in the fossil fuel combustion turbine at Salem, which is fully depreciated. The gross book value was $3 million at December 31, 2015
and 2014.
301
(a)
(a) (f) (b) (c) (d)
(e)
(e)
(e)
(e)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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