NRC-06-0078, Price-Anderson Act Guarantee of Payment of Deferred Premiums

Price-Anderson Act Guarantee of Payment of Deferred Premiums

ML063470627
Person / Time
Site:	Fermi
Issue date:	11/29/2006
From:	Gaston R Detroit Edison
To:	Document Control Desk, Office of Nuclear Material Safety and Safeguards
References
NRC-06-0078
Download: ML063470627 (3)

Text

Fermi 2 6400 North Dixie Hwy., Newport, M1 48166 Detroit Edison 10 CFR 140.21 November 29, 2006 NRC-06-0078 Director, Office of Nuclear Material Safety and Safeguards U. S. Nuclear Regulatory Commission Attn: 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 as of December 31, 2005 (10K; AUDITED) and September 30, 2006 (10Q; UNAUDITED).

These statements have been prepared in accordance with Generally Accepted Accounting Principals (GAAP) and meet standards as set forth in Regulatory Guide 9.4 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) 586-5197.Sincle Ronald W. Gaston Manager -Nuclear Licensing Enclosures cc: Ira P. Dinitz D. H. Jaffe C. A. Lipa NRC Resident Office Regional Administrator, Region Ill 99 A MTE Energy Company e 10vk Table of Contents Page 27 of 76.THE DETROIT EDISON COMPANY CONSOLIDATED STATEMENT OF CASH FLOWS (in Millions)Operating Activities Net Income Adjustments to reconcile net income to net cash from operating activities:

Depreciation and amortization Deferred income taxes Loss (gain) on sale of assets Cumulative effect of accounting change Changes in assets and liabilities, exclusive of changes shown separately (Note 1)Net cash from operating activities Investing Activities Plant and equipment expenditures Proceeds from sale of assets, net Restricted cash for debt redemptions Notes receivable from affiliate Proceeds from sale of nuclear decommissioning trust fund assets Investment in nuclear decommissioning trust funds Other investments Net cash used for investing activities Financing Activities Issuance of long-term debt Redemption of long-term debt Short-term borrowings, net Capital contribution by parent company Dividends on common stock Other Net cash used for financing activities Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of the Period Cash and Cash Equivalents at End of the Period 2005$ 274 640 40 (26 3 98 1,029 (722 30 (9 85 201 (235 (71 (721 857 (997)163 (305)(288)20 6$ 26 Year Ended December 31 2004$ 150 523 142 i) (1)376 1,190) (702)1) 6 (78)254 (287)266 (206)(100)(303)I (351)6$ 6 2003$ 246 473 32 21 6 (13)765 (580)2 49 50 199 (231)(94)(605)49 (504)100 470 (295)(10)(190)(30)36$ 6 See Notes to Consolidated Financial Statements 21 http://www.sec.gov/Archives/edgar/data/28385/000095012406001040/k02349e 1Ovk.htm 11/27/2006 el~vq Page 13 of 29 Table of Contents THE DETROIT EDISON COMPANY CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)

Nine Months Ended September 30 2006 2005 (in Millions)Operating Activities Net Income Adjustments to reconcile net income to net cash from operating activities:

Depreciation and amortization Deferred income taxes Gain on sale of assets, net Changes in assets and liabilities, exclusive of changes shown separately (Note 1)Net cash from operating activities Investing Activities Plant and equipment expenditures Proceeds from sale of other assets, net Restricted cash for debt redemptions Notes receivable from affiliate Proceeds from sale of nuclear decommissioning trust funds Investment in nuclear decommissioning trust funds Other investments Net cash used for investing activities Financing Activities Issuance of long-ternm debt Redemption of long-termi debt Capital contribution by parent company*Dividends on comimon stock Other Net cash from (used for) financing activities Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of the Period Cash and Cash Equivalents.

at End of the Period See Notes to Consolidated Financial Statements (Unaudited) 10$ 254 646 31 (1)678 (735)22 43 136 (163)247 (123)(16)150 (229)(6)23.(8)26 S 18$212 484 50 (26)(46)674 (479)30 46 85 159 (188)(46)(393)612 (795)141 (229)(4)(275)6 6$ 12 http://www.sec.gov/Archives/edgar/data/28385/000095012406006887/kI 0028el1Ovq.htn 1/720 11/27/2006