NRC-25-0043, DTE Electric Company - Guarantee of Payment of Deferred Premiums

DTE Electric Company - Guarantee of Payment of Deferred Premiums

ML25322A537
Person / Time
Site:	Fermi
Issue date:	11/08/2025
From:	Frank E DTE Electric Company
To:	Office of Nuclear Reactor Regulation, Document Control Desk
References
NRC-25-0043
Download: ML25322A537 (1)

Text

DTE Electric Company 6400 N. Dixie Highway Newport, MI 48166 November 18, 2025 NRC-25-0043 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 DTE 10 CFR 140.21 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, 2024 (audited) and for the 9 months ending September 30, 2025 (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

Enclosures:

1)

DTE Energy Company Consolidated Statements of Cash Flows for Three Years Ending December 31, 2024 (audited)

2)

DTE Energy Company Consolidated Statements of Cash Flows for the Nine Months Ending September 30, 2025 (unaudited) cc: NRC Project Manager NRC Resident Office Regional Administrator, Region III to NRC-25-0043 Fermi 2 NRC Docket No. 50-341 Operating License No. NPF-43 DTE Energy Company Consolidated Statements of Cash Flows for Three Years Ending December 31, 2024 (audited) to NRC-25-0043 Page 1 of 2 Operating Activities Net Income Adjustments to reconcile Net Income to Net cash from operating activities:

Depreciation and amo11ization Nuclear fuel ammiization Allowance for equity funds used during construction Defen ed income taxes Equity (earnings) losses of equity method investees Dividends from equity method investees Asset (gains) losses and impainnents, 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 cunent and noncmTent assets and liabilities Net cash from operating activities Investing Activities Plant and equipment expenditures -

utility Plant and equipment expenditures -

non-utility Proceeds from sale of assets Proceeds from sale of nuclear decommissioning tmst fund assets Investment in nuclear decommissioning trust funds Distributions from equity method investees Contributions to equity method investees Notes receivable Investment in time deposits Redemption of time deposits Other Net cash used for investing activities DTE Energy Company Consolidated Statements of Cash Flows 2024 1,404 1,732 55 (86) 194 (15) 3 28 (40)

(191)

(72) 45 (136)

(68) 25 586 179 3,643 (4,399)

(68) 46 555 (559) 30 (27)

(449)

(1,050) 1,050 (80)

(4,951)

Year Ended December 31, 2023 2022 (In millions) 1,397 1,083 1,606 1,468 59 42 (42)

(29) 181 44 (3) 14 3

4 16 (5) 398 (352)

(110)

(98)

(62) 107 (306) 109 (28) 39 14 (7 1)

(32 1) 65 594 (766)

(176) 323 3,220 1,977 (3,872)

(3,311)

(62)

(67) 3 24 681 879 (678)

(878) 25 16 (27)

(13)

(86)

(30)

(79)

(5 1)

(4,095)

(3,43 1) to N RC-25-0043 Page 2 of 2 DTE Enugy Company Consolidated Statements of Cash Flows -

(Continued)

Financing Activities Issuance of long-tenn debt, net of discount and issuance costs Redemption of long-tenn debt Shm1-te1m bonowings, net Issuance of common stock Repurchase of common stock Dividends paid on common stock Other Net cash from financing activities Net Increase 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:

lnterest, net of interest capitalized Income taxes(*)

Supplemental disclosure of non-cash investing and financing activities Plant and equipment expendinues in accounts payable 4,533 (2,139)

(216)

(810)

(23) 1,345 37 51 88 869 (230) 454 (a) 2024 cash received primarily relates to the sale ofPTCs and ITCs. See Note 9 to the Consolidated Financial Statements, 11lncome Taxes," for additional infonnation.

3,167 (1,616) 121 (752)

(37) 883 8

43 51 751 (5) 490 2,171 (1,587) 404 1,300 (55)

(685)

(86)

U62 8

35 43 638 (3) 435 to NRC-25-0043 Fermi 2 NRC Docket No. 50-341 Operating License No. NPF-43 DTE Energy Company Consolidated Statements of Cash Flows for the Nine Months Ending September 30, 2025 (unaudited) to NRC-25-0043 Page 1 of 1 DTE Energy Company Consolidated Statements of Cash Flows (Unaudited)

Operating Activities Net Income Adjustments 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) of equity method investees Dividends from equity method investees Asset (gains) losses and impainnents, 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 Acquisition related to business combination, net of cash acquired Proceeds from sale of assets Proceeds from sale of nuclear decommissioning trust fund assets Investment in nuclear decommissioning trust funds Distributions from equity method investees Contributions to equity method investees Notes receivable Investment in time deposits Other Net cash used for investing activities Financing Activities Issuance of long-term debt, net of discount and issuance costs Redemption of long-term debt Short-term borrowings, net Dividends paid on common stock Other Net cash from fmancing 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 non-cash investing and financing activities Plant and equipment expenditures in accounts payable Nine Months Ended September 30, 2025 2024 (In millions) 1,093 1,112 1,367 1,288 50 38 (72)

(62) 70 16 (16)

(36) 2 2

48 (I) 252 174 (304)

(337)

(59)

(51)

(97)

(89)

(27)

(64)

(1) 17 43 144 505 (106) 21 2,361 2,559 (2,999)

(3,170)

(67)

(50)

(211) 5 46 592 438 (596)

(440) 8 20 (4)

(351)

(443)

(1,050)

(64)

(60)

(3,683)

(4,713) 4,024 4,215 (1,200)

(143)

(851)

(3 17)

(653)

(607)

(7)

(22) 1,313 3,126 (9) 972 88 51 79 1,023 441 503