NRC-14-0015, Price-Anderson Act Guarantee of Payment of Deferred Premiums

Price-Anderson Act Guarantee of Payment of Deferred Premiums

ML14069A579
Person / Time
Site:	Fermi
Issue date:	03/10/2014
From:	Rad Z DTE Electric Company, DTE Energy
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
NRC-14-0015
Download: ML14069A579 (3)

Text

DTE Energy Company 6400 North Dixie Highway Newport, MI 48166 W DTE Energy 10 CFR 140.21 March 10, 2014 NRC-14-0015 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 audited Consolidated Statements of Cash Flows for three years ending December 31, 2013. 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, S, Zackary W. Rad Manager - Nuclear Licensing Enclosure cc: NRC Project Manager NRC Resident Office Reactor Projects Chief, Branch 5, Region III Regional Administrator, Region III Michigan Public Service Commission Regulated Energy Division (kindsch1 (michigan.gov)

Enclosure to NRC-14-0015 DTE Energy Company Consolidated Statements of Cash Flows

DTE Energy Company Consolidated Statements of Cash Flows Year Ended December 31 2013 2012 2011 (In millions)

Operating Activities Net icome 5 668 $ 618 $ 720 Adjustme~nts to reconcdlenet income to net cash fromi operting ac, tiites Depreciation, depletion and amortizaton 1,094 1,018 995 Nluclearfuel amortization 38 29 46 Allowance for equity funds used during construction (15) (13) (6)

Deferred income taxes 164 47 220 Loss on sale of non-utility business 83 -

Asset (gains) and losses, reserves and impairments, net (8) (21)

Changes m assets and liabilities Accounts eceivable, net (154) 52 71 Inventories 123 35 (129) ccounts payable 14 40 (23)

Derivative assets and liabilities 107 53 (94)

Accrued pension obligation (644> 280 432 Accrued postretirement obligation (526) (323) 209 Regulatory assets and liabilities 1,269 278 (662)'

Other assets (24> 55 44 Other liabilhties 48 (44) 206 Net cash from operating activities 2,154 2,209 2,008 Investing Acivities Plant and equipment expenditures - utility (1,534> (1,451) (1,382)

Plant and equipment expenditures -non-utility (342>, (369) (102)

Proceeds from sale of non-utility business 255 Proceeds fromsaleofassets 36 38 18 Restricted cash for debt redemption, principally Securitization (1) 2 (5)

Acquisition, net of cash acquired - (198)

Proceeds from sale of nuclear decommissioning trust fund assets 1,118 759 833 Investment in nuclear decomnmissioning trust finds (1,134) (764) (850)

Other (491 (41) (72)

Net cash used for investing activities (1,906> (1,769) (1,560)

Financing Activities Issuance of long-term debt, net of issuance costs 1,234 759 1,179 Redemption of long-term debt (961) (639) (1,455)

Short-term borrowings, net (109) (179) 269 Issuance of common stock 39 39 -

Repurchase of common stock .-.- (18)

Dividends on common stock (445) (407) (389)

Other (19) (16). (31)

Net cash used for financing activities (261> (443) (445)

Net Increase (Decrease).in Cash and Cash Equivalents (13) (3) 3 Cash and Cash Equivalents at Beginning of Period 65 68 65 Cash and Cash Equivalents at End of Period S 52 5 65 S 68 Supplemental disclosure of cash information Cash paid (received) for-Interest (net of interest capitalized) S 418 $ 438 S 485 Income taxes S 121 $ 173 S (205)

Supplemental disclosure of non-cash information Common stock issued for employee benefit and compensation plans S 293 $ 155. 15 Plant and equipment expenditures in accounts payable s 329 $ 235 $ 212