NRC-23-0073, Guarantee of Payment of Deferred Premiums
| ML23333A449 | |
| Person / Time | |
|---|---|
| Site: | Fermi  |
| Issue date: | 11/29/2023 |
| From: | Frank E DTE Electric Company |
| To: | Office of Nuclear Reactor Regulation, Document Control Desk |
| References | |
| NRC-23-0073 | |
| Download: ML23333A449 (1) | |
Text
DTE Electric Company 6400 N. Dixie Highway Newport, MI 48166 10 CFR 140.21 November 29, 2023 NRC-23-0073 U.S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, DC 20555-0001 Fermi 2 Power Plant NRC Docket No. 50-341 NRC License No. NPF-43
Subject:
Guarantee of Payment of Deferred Premiums Pursuant to the requirements of 10 CFR 140.21, DTE Electric Company hereby submits the enclosed DTE Energy Company Consolidated Statements of Cash Flows for three years ending December 31, 2022 (audited) and for the 9 months ending September 30, 2023 (unaudited).
These statements have been prepared in accordance with Generally Accepted Accounting Principles (GAAP) and satisfy the guarantee of payment of deferred premium requirement in accordance with 10 CFR 140.21(e).
No new commitments are being made in this submittal.
Should you have any questions or require additional information, please contact me at (734) 586-4772.
Sincerely, Eric Frank Manager - Nuclear Licensing
Enclosure:
- 1) DTE Energy Company Consolidated Statements of Cash Flows for hree ears nding December 31, 2022 (audited) 2)
DTE Energy Company Consolidated Statements of Cash Flows for the onths nding September 30, 2023 (unaudited) cc: NRC Project Manager NRC Resident Office Regional Administrator, Region III
Enclosure to NRC-23-0073 Fermi 2 NRC Docket No. 50-341 Operating License No. NPF-43 DTE Energy Company Consolidated Statements of Cash Flows for hree ears nding December 31, 2022 (audited) to NRC-23-0073 Page 1 of 2 Operating Activities Net Income Adjusbnents to reconcile Net Income to Net cash from operating activities:
Depreciation and amortization Nuclear fuel amortization Allowance for equity funds used during construction Deferred income taxes Equity (earnings) losses of equity method investees Dividends from equity method investees Loss on extinguishment of debt Asset (gains) losses and impairments, net Changes in assets and liabilities:
Accounts receivable. net Inventories Prepaid postretirement benefit costs Accounts payable Accrued pension liability Accrued postretirement liability Derivative assets and liabilities Regulatory assets and liabilities Other current and noncurrent assets and liabilities Net cash from operating activities Investing Activities Plant and equipment expenditures -
utility Plant and equipment expenditures -
non-utility Acquisitions related to business combinations, net of cash acquired Proceeds from sale of assets Proceeds from sale of nuclear decommissioning trust fund assets Invesbnent in nuclear decommissioning trust funds Distributions from equity method investees Contributions to equity method investees Notes receivable Other Net cash used for investing activities DTE Energy Company Consolidated Statements of Cash Flows 2022 1,083 1,468 42 (29) 44 14 4
(5)
(352)
(98) 107 109 39 (71) 65 (766) 323 1,977 (3,311)
(67) 24 879 (878) 16 (13)
(30)
(51)
(3,431)
Year Ended December 31, 2021 2020 (In millions) 903 1,371 1,459 1,443 58 37 (27)
(25)
(32) 407 (97)
(132) 79 142 393 6
50 47 (146)
Ill (153) 45 (117)
(107) 308 (458)
(I 1)
(49) 22 187 (23) 862 104 (153) 260 3,067 3,697
{3,633)
(3,241)
(139)
(616)
(126) 13 1,047 2,350 (1,046)
(2,350) 18 24 (8)
(37)
(74)
(85)
(31)
(2)
(3,863)
(4,070) to NRC-23-0073 Page 2 of 2 DTE Energy Company Consolidated Statements of Cash Flows -
(Continued)
Financing Activities Issuance of long-term debt, net of discount and issuance costs Redemption oflong-term debt Short-term borrowings, net Issuance of common stock Repurchase of common stock Dividends paid on common stock Contributions from noncontrolling interests Distributions to noncontrolling interests Acquisition related deferred payment, excluding accretion Prepayment costs for extinguishment oflong-term debt Transfer of cash to OT Midstream at separation Other Net cash from financing activities Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash Cash, Cash Equivalents, and Restricted Cash at Beginning of Period Cash, Cash Equivalents, and Restricted Cash at End of Period Supplemental disclosure of cash information Cash paid (received) for:
Interest, net of interest capitalized Income taxes<a)
Supplemental disclosure of non-cash investing and financing activities Plant and equipment expenditures in accounts payable Separation of OT Midstream net assets, excluding cash transferred (a) 2020 cash received primarily relates to AMT credit and other refunds, of which a portion was accelerated due to the CARES Act 2,171 (1,587) 404 1,300 (55)
(685) 3 (7)
(82) 1,462 8
35 43 638 (3) 435 4,457 (3,522) 720 (66)
(791) 44 (45)
(361)
(37)
(84) 315 (481) 516 35 671 (3) 353 3,973 3,692 (882)
(790) 2 (760) 36 (39)
(380)
(83) 796 423 93 516 679 (360) 266 to NRC-23-0073 Fermi 2 NRC Docket No. 50-341 Operating License No. NPF-43 DTE Energy Company Consolidated Statements of Cash Flows for the onths nding September 30, 2023 (unaudited)
NineM E
of NRC-23-0073 Page 1 of 1 DTE Energy Company Consolidated Statements of Cash Flows (Unaudited)
Nine Months Ended September 30, 2023 2022 (In millions)
Operating Activities Nethtcome 978 818 Adjustments to reconcile Net htcome to Net cash from operating activities:
Depreciation aod amortization 1,185 1,093 Nuclear fuel amortization 43 26 Allowaoce for equity funds used during construction (26)
(20)
Deferred income taxes 119 15 Equity (earnings) losses of equity method investees (7) 15 Dividends from equity method investees 3
4 Asset (gains) losses aod impairments, net (11)
(4)
Chaoges in assets aod liabilities:
Accounts receivable, net 614 (150)
Inventories (170)
(204)
Prepaid postretirement benefit costs (45)
(60)
Accounts payable (438) 228 Accrued pension liability (59)
(71)
Accrued postretirement liability l
(8)
Derivative assets aod liabilities (234) 77 Regulatory assets aod liabilities 509 (552)
Other current aod noncurrent assets aod liabilities (87) 205 Net cash from operating activities 2,375 1,412 Investing Activities Plaot aod equipment expenditures -
utility (2,772)
(2,342)
Plaot aod equipment expenditures -
non-utility (41)
(55)
Proceeds from sale of nuclear decommissioning trust fund assets 527 707 htvestment in nuclear decommissioning trust funds (524)
(710)
Distributions from equity method investees 16 II Contributions to equity method investees (27)
(12)
Notes receivable (56)
(13)
Other (64)
(39)
Net cash used for investing activities (2,941)
(2,453)
Financing Activities Issuaoce of long-term debt, net of discount aod issuaoce costs 2,278 1,771 Redemption oflong-term debt (1,146)
(316)
Short-term borrowings, net 55 236 Repurchase of common stock (55)
Dividends paid on common stock (564)
(514)
Other (34)
(65)
Net cash from finaocing activities 589 1,057 Net Increase in Cash, Cash Equivalents, and Restricted Cash 23 16 Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 43 35 Cash, Cash Equivalents, and Restricted Cash at End of Period 66 51 Supplemental disclosure of non-cash investing and financing activities Plaot aod equipment expenditures in accounts payable 401 331