ML20136B685

Notifies That 851204 Submittal of Financial Info Satisfies Requirement That Each Licensee Maintain Approved Guarantee of Payment of Deferred Premiums for Each Operating Reactor Over 100 Mwe

ML20136B685
Person / Time
Site:	Fermi
Issue date:	12/30/1985
From:	Saltzman J NRC OFFICE OF STATE PROGRAMS (OSP)
To:	Jens W DETROIT EDISON CO.
References
NUDOCS 8601020776
Download: ML20136B685 (2)

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4 ll Of.C 3 01985 Mr. Wayne H. Jens, Vice President Nuclear Operations Detroit Edison 6400 North Dixie Highway Newport, Michigan 48166

Dear Mr. Jens:

We have reviewed the financial information submitted for 1985 in your l

letter of December 4,1985 and conclude that it satisfies the requirements of Section 140.21 of 10 CFR Part 140 that each licensee maintain an approved guarantee of payment of deferred premiums for each operating reactor over 100 Mw(e) that it owns in whole or in part..

Sincerely, I

OvLstual SLwac n; Jerome Saltzman, Assistant Director i

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State and Licensee Relations Office of State Programs Distribution:

Subj : Cash Flow DCD-016 /

PDR LPDR OSP Dir r/f SLR r/f JSaltzman DNash (w/ encl.)

IDinitz IDinitz r/f.

8601020776 851230 PDR ADOCK 0500 1

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THE DETROIT EDISON COMPANY 1985 Internal Cash Flow Projection For Fermi 2 Nuclear Fower Station (Thousands of Dollars) 1984 1985 Actual Projection Net Income Af ter Taxes S 401,937 S 430,333 Less: Dividends (332,344)

(344,485)

Retained Earnings S 69,593 S 85,848 Adjustments:

Depreciation S 190,420 S 218,007 (a)

Amortization of Property Losces 12,231 12,231 Deferred Income Taxes and Investment Tax credits 127,436 110,916 (a)

Allowance for Funds Uced During Construction (293,686) 1246,331) (a)

Total Adjustments S 36,401 S 94,823 Internal Cash Flow

$ 105,S94 S 180,671 Average Quarterly Cash Flow

$ 26,498

$ 45,168

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M 1 d Percentage Ownership in All Operating 5k

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0 (b)

Nuclear Units 4 l Maxinum Total 8 0 (b) contin;ent Liability (a) In the 1985 projection, depreciation increased, deferred income taxes decreased and the allowance for funds used during construction decreased due primarily to the commercial l

operation of Belle River Unit Nos.1 and 2 on August 1,1984 and July 9, 1985, respectively.

(b) Fermi 2 is Detroit Edison's only nuclear unit and as of l

November 14, 1985 is not in consnercial operation.

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