NRC-11-0059, Price-Anderson Act Guarantee of Payment of Deferred Premiums
| ML113390048 | |
| Person / Time | |
|---|---|
| Site: | Fermi  |
| Issue date: | 12/02/2011 |
| From: | Rachel Johnson Detroit Edison, DTE Energy |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| NRC-11-0059 | |
| Download: ML113390048 (3) | |
Text
Fermi 2 6400 North Dixie Hwy., Newport, MI 48166 10 CFR 140.21 December 2, 2011 NRC-11-0059 U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington D C 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, 2010 (audited) and September 30, 2011 (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
. ohnson 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 2010 2009 2008 (In millions)
Operating Activities Net income 639 $
535 $
553 Adjustments to reconcile net income to net cash from operating activities:
Depreciation, depletion and amortization 1,027 1,020 899 Deferred income taxes 457 205 348 Gain on sale of non-utility business (128)
Other asset (gains), losses and reserves, net (5)
(10)
(4)
Gain on sale of interests in synfuel projects (31)
Contributions from synfuel partners 14 Changes in assets and liabilities, exclusive of changes shown separately (Note 23)
(293) 69 (92)
Net cash from operating activities 1,825 1,819 1,559 Investing Activities Plant and equipment expenditures -
utility (1,011)
(960)
(1,183)
Plant and equipment expenditures -non-utility (88)
(75)
(190)
Proceeds from sale of interests in synfuel projects 84 Refunds to synfuel partners (387)
Proceeds from sale of non-utility business 253 Proceeds from sale of other assets, net 56 83 25 Restricted cash for debt redemption (32) 2 54 Proceeds from sale of nuclear decommissioning trust fund assets 377 295 232 Investment in nuclear decommissioning trust funds (410)
(315)
(255)
Consolidation of VIEs 19 Investment in Millennium Pipeline Project (49)
(15)
(31)
Other investments (88)
(79)
(125)
Net cash used for investing activities (1,226 (1,064)
(1,523 Financing Activities Issuance of long-term debt 614 427 1,310 Redemption of long-term debt (663)
(486)
(446)
Repurchase of long-term debt (238)
Short-term borrowings, net (177)
(417)
(340)
Issuance of common stock 36 35 Repurchase of common stock (16)
Dividends on common stock (360)
(348)
(344)
Other (36)
(10)
Net cash used for financing activities (586)
(789)
(84 Net Increase (Decrease) in Cash and Cash Equivalents 13 (34)
(48)
Cash and Cash Equivalents Reclassified from Assets Held for Sale 11 Cash and Cash Equivalents at Beginning of Period 52 86 123 Cash and Cash Equivalents at End of Period 65 $
52 $
86 See Notes to Consolidated Financial Statements 66
Table of Contents DTE E NERGY COMPANY C ONSOLIDATED STATEMENTS 0 F CASH F LOWS (UNAUDITED)
Nine Months Ended September 30 (in Millions) 2011 2010 Operating Activities Net income 563 483 Adjustments to reconcile net income to net cash from operating activities:
Depreciation, depletion and amortization 752 775 Deferred income taxes 123 173 Asset losses, reserves and impairments, net 5
Changes in assets and liabilities, exclusive of changes shown separately (Note 13) 48 73 Net cash from operating activities 1,486 1,509 Investing Activities Plant and equipment expenditures -
utility (968)
(743)
Plant and equipment expenditures -
non-utility (61)
(75)
Proceeds from sale of assets 13 28 Restricted cash for debt redemption, principally Securitization 47 33 Proceeds from sale of nuclear decommissioning trust fund assets 69 179 Investment in nuclear decommissioning trust funds
- (97)
(204)
Consolidation of VIEs 19 Investment in Millennium Pipeline Project (49)
Other (55)
(22)
Net cash used for investing activities (1,052)
(834)
Financing Activities Issuance of long-term debt, net 908 595 Redemption of long-term debt (1,161)
(660)
Short-term borrowings 126 (307)
Issuance of common stock 26 Repurchase of common stock (18)
Dividends on common stock (289)
(265)
Other (19)
(32)
Net cash used for financing activities (453)
(643)
Net Increase (Decrease) in Cash and Cash Equivalents (19) 32 Cash and Cash Equivalents at Beginning of Period 65 52 Cash and Cash Equivalents at End of Period S
46 84 See Notes to Consolidated Financial Statements (Unaudited) 8