Talen Energy Corp
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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Jun 30, 2024 · Filed Aug 13, 2024
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9. Asset Retirement Obligations and Accrued Environmental Costs
- Asset Retirement Obligations and Accrued Environmental Costs
| Successor | ||
|---|---|---|
| June 30, 2024 | December 31, 2023 | |
| Asset retirement obligations | $484 | $464 |
| Accrued environmental costs | 23 | 23 |
| Total asset retirement obligations and accrued environmental costs | 507 | 487 |
| Less: asset retirement obligations and accrued environmental costs due within one year (a) | 34 | 18 |
| Asset retirement obligations and accrued environmental costs due after one year | $473 | $469 |
(a)Presented as “Other current liabilities” on the Consolidated Statements of Operations.
Asset Retirement Obligations
The changes of the ARO carrying value were:
| ARO Rollforward | |
|---|---|
| Carrying value, December 31, 2023 (Successor) | $464 |
| Obligations settled | (7) |
| Accretion expense | 27 |
| Carrying value, June 30, 2024 (Successor) | $484 |
Supplemental information for the ARO:
| Successor | ||
|---|---|---|
| June 30, 2024 | December 31,2023 | |
| Supplemental Information | ||
| Nuclear (a) | $227 | $214 |
| Non-Nuclear (b) | 257 | 250 |
| Carrying value | $484 | $464 |
(a)Obligations are expected to be settled with available funds in the NDT at the time of decommissioning.
(b)Certain obligations are: (i) partially supported by surety bonds, some of which have been collateralized with cash and (or) LCs; or (ii) partially prefunded under phased installment agreements.
See Note 12 for additional information on Susquehanna’s NDT.
See “Talen Montana Financial Assurance” in Note 10 for additional information on Talen Montana’s requirement to provide financial assurance related to certain environmental decommissioning and remediation liabilities related to the Colstrip Units.
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