NRC-15-0099, Price-Anderson Act Guarantee of Payment of Deferred Premiums

Price-Anderson Act Guarantee of Payment of Deferred Premiums

ML15320A409
Person / Time
Site:	Fermi
Issue date:	11/13/2015
From:	Robinson C DTE Electric Company, DTE Energy
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
NRC-15-0099
Download: ML15320A409 (4)

Text

DTE Energy Company 6400 North Dixie Highway Newport, MI 48166 DTE Energy 10 CFR 140.21 November 13, 2015 NRC-15-0099 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 for three years as of December 31, 2014 (audited) and September 30, 2015 (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, Christopher R. Robinson 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-15-0099 DTE Energy Company Consolidated Statements of Cash Flows

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DTE Energy Company Consolidated Statements of Cash Flows (Unaudited)

Nine Months Ended September 30, 2015 2014 (In millions)

Operating Activities Net Income S 643 S 610 Adjustments to reconcile Net Income to net cash from operating activities:

Depreciation and amortization 625 855 Nuclear fuel amortization 40 33 Allowance for equity funds used during construction (16) (16)

Deferred income taxes 251 244 Asset (gains) losses and impairments, net 9 (10)

Changes in assets and liabilities:

Accounts receivable, net 277 273 Inventories (36) (165)

Accounts payable (125) 48 Accrssed pension obligation (160) (154)

Accrued postretirement obligation (213) (64)

Derivative assets and liabilities 32 (56)

Regulatory assets and liabilities 35 (211)

Other current and noncurrent assets and liabilities 106 (89)

Net cash from operating activities 1,468 1,298 Investing Activities Plant and equipment expenditures - utility (1,239) (1,295)

Plant and equipment expenditures - non-utility (162) (207)

Acquisition (241)

Proceeds from sale of assets 16 36 Restricted cash for debt redemption, principally Securitization 99 62 Proceeds from sale of nuclear decommissioning trust fond assets 627 652 Investment in nuclear decommissioning truss funds (638) (665)

Other (34) (40)

Net cash used for investing activities (1,572) (1,457)

Financing Activities Issuance of long-term debt, net of issuance costs 956 1,289 Redemption of long-term debt (260) (1,222)

Short-term borrowings, net (213) 522 Issuance of common stock 9 --

Repurchase of common stock (52)

Dividends on common stock (370) (348)

Other 1 (22)

Net cash from financing activities 123 167 Net Increase in Cash and Cash Equivalents 19 8 Cash and Cash Equivalents at Beginning of Period 48 52 Cash and Cash Equivalents at End of Period S 67 S 60 Supplemental disclosure of non-cash investing and financing activities Plant and equipment expenditures iniaccounts payable S 185 S 192 See Combined Notes to Consolidated Financial Statements (Unaudited) 10

DTE Energy Company 6400 North Dixie Highway Newport, MI 48166 DTE Energy 10 CFR 140.21 November 13, 2015 NRC-15-0099 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 for three years as of December 31, 2014 (audited) and September 30, 2015 (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, Christopher R. Robinson 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-15-0099 DTE Energy Company Consolidated Statements of Cash Flows

ri a x n n -r < T rn I rr - c r

.G - r .y rl C [ K - rt Y N N

O N

/ n rs 69 d M

' N "

W L

N b J? rf N3 17' O + f, O r r Y  !, N

- P Y T f '?

Y T l-- L T YJ t r P r m J' . - l N O [ N = T T N O

N 3

0 w v" r, n vi U

C ° 0

U m on c

W a A

0 o

U = -

y, c

G C

N M _ ri 0.

- c 0. c c C 0

c

_ _ o - s S z v C c .. C o - - _ _ 'aaQ

DTE Energy Company Consolidated Statements of Cash Flows (Unaudited)

Nine Months Ended September 30, 2015 2014 (In millions)

Operating Activities Net Income S 643 S 610 Adjustments to reconcile Net Income to net cash from operating activities:

Depreciation and amortization 625 855 Nuclear fuel amortization 40 33 Allowance for equity funds used during construction (16) (16)

Deferred income taxes 251 244 Asset (gains) losses and impairments, net 9 (10)

Changes in assets and liabilities:

Accounts receivable, net 277 273 Inventories (36) (165)

Accounts payable (125) 48 Accrssed pension obligation (160) (154)

Accrued postretirement obligation (213) (64)

Derivative assets and liabilities 32 (56)

Regulatory assets and liabilities 35 (211)

Other current and noncurrent assets and liabilities 106 (89)

Net cash from operating activities 1,468 1,298 Investing Activities Plant and equipment expenditures - utility (1,239) (1,295)

Plant and equipment expenditures - non-utility (162) (207)

Acquisition (241)

Proceeds from sale of assets 16 36 Restricted cash for debt redemption, principally Securitization 99 62 Proceeds from sale of nuclear decommissioning trust fond assets 627 652 Investment in nuclear decommissioning truss funds (638) (665)

Other (34) (40)

Net cash used for investing activities (1,572) (1,457)

Financing Activities Issuance of long-term debt, net of issuance costs 956 1,289 Redemption of long-term debt (260) (1,222)

Short-term borrowings, net (213) 522 Issuance of common stock 9 --

Repurchase of common stock (52)

Dividends on common stock (370) (348)

Other 1 (22)

Net cash from financing activities 123 167 Net Increase in Cash and Cash Equivalents 19 8 Cash and Cash Equivalents at Beginning of Period 48 52 Cash and Cash Equivalents at End of Period S 67 S 60 Supplemental disclosure of non-cash investing and financing activities Plant and equipment expenditures iniaccounts payable S 185 S 192 See Combined Notes to Consolidated Financial Statements (Unaudited) 10