NRC-10-0081, Submittal of Price-Anderson Act Guarantee of Payment of Deferred Premiums

Submittal of Price-Anderson Act Guarantee of Payment of Deferred Premiums

ML103280348
Person / Time
Site:	Fermi
Issue date:	11/23/2010
From:	Rachel Johnson Detroit Edison
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
NRC-10-0081
Download: ML103280348 (3)

Text

Fermi 2 6400 North Dixie Hwy., Newport, MI 48166 10 CFR 140.21 November 23, 2010 NRC-10-0081 U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington DC 20555-0001

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 please find Consolidated Statements of Cash Flows as of December 31, 2009 (audited) and September 30, 2010 (unaudited). These statements have been prepared in accordance with Generally Accepted Accounting Principals (GAAP) and 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) 586-5076.

Sincerely, Rodney W. Johnson Manager - Nuclear Licensing Enclosures cc: NRC Project Manager NRC Resident Office Reactor Projects Chief, Branch 4, Region III Regional Administrator, Region III Supervisor, Electric Operators, Michigan Public Service Commission Ira P. Dinitz A DTE Energy Company

Table of Contents DTE Energy Company Consolidated Statements of Cash Flows Year Ended December 31 2009 2008 2007 (nMllions)

Operating Activities-Netinom $ 535 S 553 S 787 IAdjustments to rL'1:111i1C TI:itinIcome tO iet Cash from operating activities:

Depreciation, dýpletIion andamrtzaio 1,020. _ 899 -926 De1~ferdincomutaxes - 2205 f348 144

~Gain on sale (d on-isti(itit,, lmmness - - (128) (900)

Otir asetp(gin) losses ndresesrves, net -(10) (4  :(9)

Gain on sale of inter,ests in synfucl projects - -- (31) (248)

Impairment ofsyrifue0l projects - 4 Contributions from synfuel partners -14 229 Changes in assets and liabihities, exclusive of chaniges shown separately (Note 23) -69 (92) 192 Net cash from operating activities 1,819 1,559 1,125 luvesting Activities Plant and equipment expenditures -utility (960) - (1,183) - (1,035)

-Plant and equiipmhent expenditures -non-utility (75) (190) (264)

~Proceeds fronm sale of interests in synfuel projects -, 84 _ 447 Refundsto synfiuel partners -(387) (115)

P,roceeds from sale of nion-utility business - 253 1,262 2

Procdeeds-from sale of other a.ssets, net 83 25 85 Restricted cash for debt redemption 2 54 6 P!1roceeds from sale of nuclear decommissioning trust fund assets 295 232 - 286 Investment in nuclear decommissioning trust funds -(315) (255) (323)

Other investmients;- - - (9,4) (156) >-(19)

Net cash from (used) for investing activities (1,064) (1,523) 330 Financing A7ctivities _

Issuance of long-termi debt -427 1,310 -50

-- Redemfption of long-term debt (486) (446) (393)

Repurchasc of long-term debt -.- (238)

Short-terni borrowings, net -(417) (340) (47)

Issuance ofcommon stock -35 -- -

Repurchase of commondi stock -- (16) (708)2 Dividends on common stock (348) (344) (364)

Other --- - (10) (6 Net cash used for financing activities (789) (84) (1,468)

Net Decrease ini Cash aid Cash Equivalents - (34) z (48) -1 (13)

Cash and Cash Equivalents Reclassified (to) from Assets Held for Sale ---- --- (1L)

Cash and Cash Equivalents at Beginning of IPeriod -86 -- 123- 1475 Cash and Cash Equivalents at End of Period $ 52 $ 86 $ 123 See Notes to Consolidated Financial Statements 70

Table of Contents DTE Energy Company Consolidated Statements of Cash Flows (Unaudited)

Nine Months Ended September 30 (in Millions) 2010 2009 Operating Activities Net income $.. 483 $ 414 Adjustments to reconcile net income to net cash from operating activities:

Depreciation, depletion and amortization -- -.- .775 .738 Deferred income taxes 173 141 Other asset (gains), losses and reserves, net 5 45 hangesian assetsand liabilities, exclusive of changes shown sepaxately (Note 15) 73 377 Net cash from operating activities 1,509 1,674 investing Activities SPlant and equipment expenditures - utility .(743) (772)

Plant and eqtuipment expendituies -non-utility - (75) - - (47)

Proceeds from sale of other assets, net ( 28 35 Restricted cashor debt redemptio 33 58 Proceeds from sae of nuclear decommissining trust fund assets - 179 . 237 nvestenii uleardcom ssining t nd (20) (251)

SConsolidationof VIEs ... 19 -

Investment in Millennlum Pipeline Project (49) (15)-

Other (22) (40)

Redemptionoflong-terdebt ......... (660) (420)

S.Short-termn borowings,net -- ' (307)- (539)

Issuancesof common stock 26 27

- Dividends 6oncormon s - :tiicL (265). 2 '(260)

Other (32) (53)

Net cash used for financig activities (643) (882)

Net Increaee (Decrease) in Cash and Cash Equivalents. 32 (3)

Cas and Cash Equvalents at Beginning of eriod 52: 986 Cash and Cash Equivalents at End of Period $ 84 $ 83 See Notes to Consolidated Financial Statements (Unaudited) 8