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Mid-Process Review of New Plant Development Risks

A comprehensive review of risks faced in building new plants, focusing on regulatory processes, construction, financing, and market dynamics. Evaluates success factors for initial and potential secondary waves of development.

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Mid-Process Review of New Plant Development Risks

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  1. A Mid-Process ReviewMarilyn C. KrayVice President, Exelon GenerationPresident, NuStart Energy DevelopmentRegulatory Information ConferenceMarch 10, 2009

  2. Overall Risks to New Plant Development • NRC Licensing Process • Review schedule impacts • ASLB hearing process • ITAAC closeout process • Construction • Final design completion schedule • Labor cost and availability • Commodities pricing • Project management • Financing • Cost of plant • Co-owners and partners • Government incentives • Market price forecasting • Overall • Public opinion • Public policy • Economy

  3. First Wave Realities • New process for all parties • Content and level of detail still a challenge • Timing of Applications • Parallel review of multiple COL applications • DCD + ESP = COLA formula not followed • Ongoing design changes • Concurrent DCD and COLA reviews • “Freeze point” strategy • Commercial influences • Technology selections • Economics and timing

  4. Success Factors for First Wave • Ongoing Communication • NEI level • DCWG level • Industry/Staff interactions • Flexibility • Commitment to standardization DCD R-COLA S-COLA

  5. First Wave Indicators to Come • Overall Schedule development and adherence • Draft SER with Open Items • ASLB Hearing Process • ITAAC implementation

  6. Second Wave Potential • Contingent on success of first wave • Regulatory certainty • Construction schedule adherence • Ultimate cost compared to alternatives • Safe operation of new and existing fleet • Need for additional plants based on • Climate change policy impacting alternatives • Need for power • Regulatory considerations • Revisions to the DCDs • Use of Early Site Permits

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