Exelon 2015 Annual Report Download - page 19

Table of Contents
Licenses. Generation has 40-year operating licenses from the NRC for each of its nuclear units and has received 20-year operating license
renewals for Peach Bottom Units 2 and 3, Dresden Units 2 and 3, Quad Cities Units 1 and 2, Oyster Creek Unit 1, Calvert Cliffs Units 1 and 2,
Nine Mile Point Units 1 and 2, R.E. Ginna Unit 1, Three Mile Island Unit 1, Limerick Units 1 and 2, Byron Units 1 and 2 and Braidwood Units 1 and
2. Additionally, PSEG has 40-year operating licenses from the NRC and has received 20-year operating license renewals for Salem Units 1 and 2.
On December 8, 2010, Exelon announced that Generation will permanently cease generation operations at Oyster Creek by December 31, 2019.
The following table summarizes the current operating license expiration dates for Generation’s nuclear facilities in service:
Station Unit
In-Service
Date
Current License
Expiration
Braidwood 1 1988 2046
2 1988 2047
Byron 1 1985 2044
2 1987 2046
Calvert Cliffs 1 1975 2034
2 1977 2036
Clinton 1 1987 2026
Dresden 2 1970 2029
3 1971 2031
LaSalle 1 1984 2022
2 1984 2023
Limerick 1 1986 2044
2 1990 2049
Nine Mile Point 1 1969 2029
2 1988 2046
Oyster Creek 1 1969 2029
Peach Bottom 2 1974 2033
3 1974 2034
Quad Cities 1 1973 2032
2 1973 2032
R.E. Ginna 1 1970 2029
Salem 1 1977 2036
2 1981 2040
Three Mile Island 1 1974 2034
(a) Denotes year in which nuclear unit began commercial operations.
(b) In December 2014, Generation submitted applications to the NRC to extend the operating licenses of LaSalle Units 1 and 2 by 20 years.
(c) Stations for which the NRC has issued renewed operating licenses.
(d) Although timing has been delayed, Generation currently plans to seek license renewal for Clinton and has advised the NRC that any license renewal application would not be filed
until the first quarter of 2021.
(e) In December 2010, Exelon announced that Generation will permanently cease generation operations at Oyster Creek by December 31, 2019.
Generation currently has a license renewal application pending for LaSalle Units 1 and 2. Generation has advised the NRC that any license
renewal application for Clinton would not be filed until the first quarter of 2021. The operating license renewal process takes approximately four to
five years from the commencement of the renewal process until completion of the NRC’s review. The NRC review process takes approximately
two years from the docketing of an application. Each requested license renewal is expected to be for 20 years beyond the original operating
license expiration. Depreciation provisions are based on the estimated useful lives of the stations, which reflect the actual and assumed renewal of
operating licenses for all of Generation’s operating nuclear generating stations except for Oyster Creek.
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(a)
(c)
(c)
(c)
(d)
(c)
(b)
(c)
(c)
(c)(e)
(c)
(c)
(c)
(c)
(c)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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