NRC-12-0084, Price-Anderson Act Guarantee of Payment of Deferred Premiums
| ML12334A318 | |
| Person / Time | |
|---|---|
| Site: | Fermi  |
| Issue date: | 11/29/2012 |
| From: | Rad Z Detroit Edison |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| NRC-12-0084 | |
| Download: ML12334A318 (3) | |
Text
Fermi 2 6400 North Dixie Hwy., Newport, MI 48166 Detroit Edison 10 CFR 140.21 November 29, 2012 NRC-12-0084 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, 2011 (audited) and September 30, 2012 (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, Zackary W. Rad 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 Yenr nded December 31 2011 2010 2009 (In millions)
Operating Activities Net income 720 639 535 Adjustments to reconcile net income to net cash from operating activities:
Depreciation, depletion and amortization 995 1,027 1,020 Deferred income taxes 220 457 205 Asset (gains) and losses, reserves and impairments, net (21)
(5)
(10)
Changes in assets and liabilities, exclusive of changes shown separately (Note 22) 94 (293) 69 Net cash from operating activities 2,008 1,825 1,819 Investing Activities Plant and equipment expenditures -
utility (1,382)
(1,011)
(960)
Plant and equipment expenditures -
non-utility (102)
(88)
(75)
Proceeds from sale of assets 18 56 83 Restricted cash for debt redemption, principally Securitization (5)
(32) 2 Proceeds from sale of nuclear decommissioning trust fund assets 80 377 295 Investment in nuclear decommissioning trust funds (97)
(410)
(315)
Consolidation of VIEs 19 Investment in Millennium Pipeline Project (3
(49)
(15)
Other 69 (88)
(79)
Net cash used for investing activities (1,560)
(1,226)
(1,064)
Financing Activities Issuance of long-term debt 1,179 614 427 Redemption of long-tenn debt (1,455)
(663)
(486)
Short-term borrowings, net 269 (177)
(417)
Issuance of common stock 36 35 Repurchase of common stock (18)
Dividends on common stock (389)
(360)
(348)
Other (31)
(36)
Net cash used for financing activities (445)
(586)
(789)
Net Increase (Decrease) in Cash and Cash Equivalents 3
13 (34)
Cash and Cash Equivalents at Beginning of Period 65 52 86 Cash and Cash Equivalents at End of Period 68 S
65
$5 See Notes to Consolidated Financial Statements 55
Table of Contents DTE ENERGY COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
Nine Months Ended September 30 2012 2011 (In millions)
OpCntng Acltltles' Net income S
535 563 Adjustments to reconelle net Ineome to net cash from operating activltles; Deprecatlion, depletion and amortization 747 752 Deferred incolp taxoes 96 123 Asset (gams) and losses, reserves and impairments, net (7)
Changes Is assees and liabillles, exelosive of changes shown separaiely (Note 14) 358 48 Not cash from operating aotivities 1,729 1,486 Inettssg Ac0l1(les Plant and equipment expendltures -tilty (1,008)
(968)
Pilant mnd eqlipment expenditures ---non-tillty x(214)
(61)
Proceeds from sale of assets 20 13 Restriletcd cash foi debt redemption, prinilpally Securitization 55 47 Proceeds from sale of nuclear decommissioning irust fund assets 48 69 lsivestment in uclear decommissloning trust funds (61)
(97)
Other (24)
(55)
Net cash used for investing aptlvillies (1,184)
(1,052)
Financing ActivIties lesuince of long-tce debt 495 908 Redemption of long-teen debt (447)
(1,161)
Short ers borrowings, noet (321) 126 Issuance of common stock 29 Dividends on common stock (300)
(289)
Other (10)
(19)
Net cash used for financing activities (554)
(453)
Netpperench als air
-oh qlnc (9)
(19)
Cash and Cssh Equivnenls st Beginig of Perted 68 65 Cesh iid GiCasjtiiveltse, at Cad of P'eriod 5
S q
See Notes to Consolidated Financial Statements (Unaudited) 8