nrc commissioners visit

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NRC Commissioners Visit

February 9, 2007The way energy works:.

UniStar Nuclear

ConstellationMichael Wallace- -Constellation GeneiGroup

Energy AREVA'resident, Thomas Christopher -

ration Pioneering President, AREVA NP Inc.

BechtelE. James Riensch -

President, Bechtel Nuclear

UniStar President -- GeorgeVanderheyden 2

UniStar Advisory Board

General John Gordon (US Air Force, Retired) - Chairman - former HomelandSecurity Advisor and Assistant to President George W. Bush; Administrator ofNational Nuclear Security Administration; Under Secretary of Energy and DeputyDirector Central Intelligence Agency

James Asselstine - Member - Managing Director, Lehman Brothers; formerCommissioner, Nuclear Regulatory Commission

Richard Meserve, PhD - Member - President, Carnegie Institution; formerChairman, Nuclear Regulatory Commission

Neil Todreas, PhD - Member - Professor of Nuclear Science and Engineering, andProfessor of Mechanical Engineering, Massachusetts Institute of Technology

Kyle McSlarrow - Member - President E CEO of the National Cable FtTelecommunications Association; former Deputy Secretary and Chief operatingOfficer of the US Department of Energy

3

UniStar and New NucLear Summary

UniStar creates a unique and valuable option for new nuclear plantsthrough a flexible business model that:

Provides an option to invest in the first four US EPRs,Provides early value realization, and

Lays-off risk

0 2006 efforts focused on COL business and preliminary developmentactivities for Calvert Cliffs Unit 3

* UniStar Business Model is expanding

Focuses on a new market segment, and

Expands the UniStar COL business into a development business

UniStar Business Expansion Opportunities

Market dynamics support expansion of COL business intoa development business

COL Business (Initial Focus)>, Design Early . i

Destigiatn Site " ,Construction/• •

/ C rtiicatitivities/Uni'Star: AREV/y >/Atvte/""/ !'

Development Business (Expansion Opportunity)

5

Market Movement is to U.S. EPR

CONFIDENTIAL INFORMATION

6

Expanded Opportunity is Attractive to Niche Market


7•

Funding Summary


8

Construction TimelineI-

ESPICOL IProduct is an asset -

License to build a U.S. EPR at aspecific site (good for 40 years)T=5

$70M

Commit toLong Lead Material

LogngLeadj $Material t'$l6M to

*T=2 lOOM

Commit toConstruct

T=5 T=16$3B

9,

Long Lead Materials

• 17 of the 44 forgings forU.S. EPR 1 have beenpoured

lot* Negotiations in progress for.- a second set of 44 forgings.

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2006 1 2007 0820-20120-1-I.---- 212'2 113

ý ý,JQ IQ0 12 1 3 14 10 1 2Q34QQ934iQ Q4_ 11Q2Q03 14Qt _1Q3Q4 Qt23 QI Q$

Prepare DC Application 9/30/2007

- A'

NRC Review DC Application L1f3o/29._Q9

_.9/30/2010

IDC Rule-MakingJ ,Prepare COL Application 10/31/2007

NRC Review Of COLA 1/31/2010

I iPrepare CPCNVMWM-"&

* MD Review/Hearings of CPCN

6/30/2009

* *10/31/2010J

Hearing/COLA I

..... I

A

Coiditionial Project Approval

9//208 i4/1/2008 - -- 1

CCNPP Unit 3 Ground Breaking

9/30/2008

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colm ircis

v LWA Construction .Plant ConstructionA

UniStarNUCLEAR Summary Project Schedule

CCNPP Unit 3USEPROl Jmumry24,207Confidential/Proprietary UniStar: Information - Distribution Prohibited

Calvert Cliffs Unit 3 GroundBreaking, Activities

wwmý wmwwpwý

e Receive Environmental Restrictions and Pei

* Construct Plant Access Roade Implement Limited Deforestation Plan

- Clear Portion of Switch Yard

- Clear Portion of Unit 3 Site* Install Temporary Lighting a Power

e Install Site Safety Barriers* Install Storm Water Management Devices* Temporary Water and Fuel Services

* Construct Ground Breaking Ceremony Area

I I I II II II•ll .. .......... ... ... .. . .0

Current Site Condition

Expected Site Condition

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CCNP-3 Cash Requirements------- ----

(U

700-

600 -----

500

400

300

200----

100

02007 2008 2009 2010 2011 2012 2013 2014 2015

3500

3000

2500

E0

2000

1500

1000

500

0m

2006

Year

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NRC Review ScheduleSuggested process for accelerating review schedule

* Early Review and Issue Resolution

- NRC needs to quickly put in place a simple process fordocumenting its review of stand-alone early submittalsfrom applicants

- This process needs to be separate and apart from"Topical Report" review process - no Safety EvaluationReport

- Such a process would give the staff a method forreviewing stand-alone documents that UniStar Nuclearhas submitted (generic Emergency and Security Plans)

* Plan on raising this suggestion to senior NRCmanagement at upcoming quarterly review meeting 14

SUMMARY

• UniStar deployment expanding

" Constellation Commitment Significant

" Ground Breaking for1 st New Nuclear Plant in the U.S.

Possible in 4 th Quarter, 2008

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nrc commissioners visit

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