NRC-03-0092, Price-Anderson Act Guarantee of Payment of Deferred Premiums
| ML033360604 | |
| Person / Time | |
|---|---|
| Site: | Fermi  |
| Issue date: | 11/26/2003 |
| From: | Peterson N Detroit Edison |
| To: | Dinitz I Office of Nuclear Reactor Regulation |
| References | |
| NRC-03-0092 | |
| Download: ML033360604 (3) | |
Text
Fermi 2 6400 North Dixie Hwy., Newport, MI 48166 Detroit Edison 10 CFR 140.21 November 26, 2003 NRC-03-0092 U. S. Nuclear Regulatory Commission Attention: Mr. Ira Dinitz Room 12 C6 Mail Stop 12 D3 Washington D C 20555
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 is Detroit Edison's certified cash flow statement to meet the requirements of 10 CFR 140.21. 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.
Should you have any questions or require additional information, please contact me at (734) 5864258.
Sincerely,'
Norman K. Peterson Manager - Nuclear Licensing Enclosures cc: H. K. Chernoff M. A. Ring M. V. Yudasz, Jr.
NRC Resident Office Regional Administrator Region III Supervisor, Electric Operators, Michigan Public Service Corporation Document Control Desk
A ncf A DTE Energy Company
CERTIFICATE I, Salvador Barragan, Senior Business Financial Analyst for Nuclear Generation Finance of the Detroit Edison Company ("Company"), do hereby certify that the 2002 Actual financial data shown on The Company's 2003 Internal Cash Flow Projection are derived from the Company's Consolidated financial statements for the year ended December 31, 2002 and that the 2003 Projection is the latest projection of the Company for the year ended December 31, 2003.
Dated:
November 14, 2003
$alvador Barragan I
Sr. Business Financial n t,
Nuclear Generation' Finance
- t The Detroit Edison Company 2003 INTERNAL CASH FLOW PROJECTION FOR FERMI 2 NUCLEAR POWER STATION (in millions)
Net income after taxes Less: dividends paid Retained Earnings 2002 Actual 356 (295) 61 Adjustments:
Depreciation and amortization Deferred income taxes and investment tax credits Allowance for funds used during construction Total adjustments 2003 Proiection 233 (295)
S (62) 509 (1 1)
(4) 494 432 577 (58)
(13) 506 Internal cash flow 567 Average quarterly cash flow 142 108 Percentage ownership in Fermi 2 100%
Maximum total contingent liability per year 10