NRC-93-0125, Forwards Util Certified Cash Flow Statement,Per 10CFR140.21. Statement Prepared in Accordance W/Reg Guide 9.4 & Outlines Util Financial Obligations,As Detailed Under Secondary Financial Protection Section of Amended Price-Anderson Act
| ML20058F955 | |
| Person / Time | |
|---|---|
| Site: | Fermi  |
| Issue date: | 12/02/1993 |
| From: | Gipson D DETROIT EDISON CO. |
| To: | Murley T Office of Nuclear Reactor Regulation |
| References | |
| CON-NRC-93-0125, CON-NRC-93-125, RTR-REGGD-09.004, RTR-REGGD-9.004 NUDOCS 9312090052 | |
| Download: ML20058F955 (3) | |
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Douglas R. Gipson l
Sen.or vice Presecent Nucmar Generahon Detroit r.-u i
f,400 North D.ne Heg7*ay
-December 2, 1993 eigy Ne. con.u.cssan esics NRC-93-0125 (3131 M&f449 Dr. Thomas Murley Director, Nuclear Reactor Regulation NRR/DONRR Mail Stop 12G18 U.S. Nuclear Regulatory Commission Washington, D.C. 20555
Reference:
Fermi 2 NRC Docket No. 50-341 NRC Licensing No. NPF-43 i
Subject:
Price-Anderson Act Guarantee of Payment of Deferred Premiums i
DeprDr.Murley:
Enclosed is Detroit Edison's certified cash flow statement to meet the requirements of 10CF',1140.21. The statement was prepared in accordance with Regulatory Guide 9.4 and outlines the Company's financial obligation, as detailed under the Secondary Financial Protection section of the amended Price-Anderson Act.
i Should you have any questions, please contact Joseph M.
Pendergast, Compliance Engineer, at (313) 586-1682.
i J
l Sincerely,
]
I Attachment J
cc:
T. G. Colburn J. B. Martin W. J. Kropp M. P. Phillips R. M. Bernero USNRC Document Control Desk Washington, D.C. 20555
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CERTIFICATE I,
Ronald W. Cresens, Vice President and Cgntroller, and Chief Accounting Officer of The Detroit Edison Company
(" Company"), do hereby certify that the 1992 Actual financial data shown on the Company's 1993 Internal Cash Flow Projection is derived from the Cornpany's consolidated financial statements for the year ended December 31, 1992 and that the 1993 Projection is the latest projection of the Company for the year ended December 31, 1993.
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Dated:
November 19, 1993 I
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Ronald W. Cresens, Vice President and Controller The Detroit Edison Company 1
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Ti1E DETROIT EDISON COMPANY 1993 Internal Cash Flow Proiection For Fermi 2 Nuclear Poyer Station (Thousands of Dollars) 1992 1993 Actual Proiection Net income after taxes
$ 588,047
$ 516,852 Less:
Dividends (318,349)
(332,129)
Loss on preferred and preference stock purchased and retired (847)
(6.634)
Retained earnings 268.851 178.089 Adj us tments :
Accretion income (45,695)
(44,130)
Depreciation and amortization 423,407 433,118 Deferred Fermi 2 depreciation, amortization and return - net (28,769) 21,962 Deferred income taxes and investment tax i
credit - net 132,179 94,568 Fermi 2 refueling outage - net (6,084) 17,856 Allowance for funds used during construction (2.759)
(3.292)
Total adjustments 472.279 520.082 Internal cash flow
$ 741.130
$ 698.171 Average quarterly cash flow
$ 185.782
$ 174,543 Percentage ownership in all operating nuclear units 100%
Maximum total contingent liability per year 10,000 t
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11-19-93 h:cfp93.wp
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