NRC-02-0080, Price-Anderson Act Guarantee of Payment of Deferred Premiums

Price-Anderson Act Guarantee of Payment of Deferred Premiums

ML023380188
Person / Time
Site:	Fermi
Issue date:	11/27/2002
From:	Peterson N Detroit Edison
To:	Dinitz I Office of Nuclear Reactor Regulation
References
NRC-02-0080
Download: ML023380188 (3)

Text

Fermi 2 6400 North Dixie Hwy., Newport, M1 48166 Detroit Edison 10CFR140.21 November 27, 2002 NRC-02-0080 U. S. Nuclear Regulatory Commission Attention: Mr. Ira Dinitz Room 11 F10 Mail Stop 12 D I Washington D C 20555

Reference:

Fermi 2 NRC Docket No. 50-341 NRC Operating License No. NPF-43

Subject:

Price-Anderson Act Guarantee of Payment of Deferred Premiums Enclosed is Detroit Edison's certified cash flow statement to meet the requirements of 10CFR140.21. The statement was prepared in accordance with Regulatory Guide 9.4 and outlines the Company's financial obligation, as detailed under the Secondary Financial Protection section of the amended Price-Anderson Act.

Should you have any questions or require additional information, please contact me at (734) 586-4258.

Sincerely, Norman K. Peterson Manager - Nuclear Licensing Enclosures cc: J. E. Dyer M. A. Ring J. F. Stang M. V. Yudasz, Jr.

NRC Resident Office Region III NQK Supervisor, Electric Operators, 0 Michigan Public Service Corporation Document Control Desk A DTE Energy Company

CERTIFICATE I, Salvador Barragan, Senior Business Financial Analyst for Nuclear Generation Finance of the Detroit Edison Company C'Company"), do hereby certify that the 2001 Actual financial data shown on The Company's 2002 Internal Cash Flow Projection are derived from the Company's Consolidated financial statements for the year ended December 31, 2001 and that the 2002 Projection Is the latest projection of the Company for the year ended December 31, 2002.

Dated: November 19.2002 SNr.B Finenrailn i*nalnst, Gues Nuclear Generation Finance

The Detroit Edison Company 2002 INTERNAL CASH FLOW PROJECTION FOR FERMI 2 NUCLEAR POWER STATION (in millions) 2001 2002 Actua Proiection Net income after taxes $ 233 $ 375 Less: dividends paid (306) $ (296)

Retained Earnings $ (73) $ 79 Adjustments:

Depreciation and amortization 631 547 Merger and restructuring charges 147 Deferred income taxes and investment tax credits (115)

Allowance for funds used during construction (5) $ (14)

Total adjustments $ 658 $ 533 Internal cash flow $ 585 $ 612 Average quarterly cash flow $ 146 $ 153 Percentage ownership in Fermi 2 100%

Maximum total contingent liability per year $ 10