NRC-94-0109, Forwards Price-Anderson Act Guarantee of Payment of Deferred Premiums
| ML20078N454 | |
| Person / Time | |
|---|---|
| Site: | Fermi  |
| Issue date: | 12/02/1994 |
| From: | Gipson D DETROIT EDISON CO. |
| To: | Dinitz I NRC |
| References | |
| CON-NRC-94-0109, CON-NRC-94-109 NUDOCS 9412060305 | |
| Download: ML20078N454 (3) | |
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Dougtts A. Gipson Senor Vece President -
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Nuclear Generation
' Detroit
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l 6400 North Dme H,ghway Newport. Michigan 48166 (313)5864249 10CFR140.21 December 2, 1994 NHC-94-0109 U. S.' Nuclear Regulatory Commission ATTN: Mr. Ira Dinitz Mail Stop 12-E-4 Washington D.C.
20555
Reference:
Fermi 2 NRC Docket No. 50-341 NRC Licensing No. NPF-43
Subject:
Price-Anderson Act Guarantee of Payment of Deferred l
Prealuns
Dear Mr. Dinitz,
Enclosed.is Detroit Edison's certified cash flow statement to meet the requirements of 10CFR140.21. 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, please contact Joseph M. Pendergast, Compliance Engineer, at (313) 586-1682.
Sincerely, Attachment cc: T. G. Colburn J. B. Martin M. P. Phillips i
A.
Vegel Region III USNRC Document Control Desk f
Washington, D.C. 20555 A o,.,..
9412060305 941202 L
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Enclosura to ARC-94-0109 Dec;mber 2, 1994 Page 1 of 1 THE DETROIT EDISON COMPANY 1994 Internal Cash Flow Proiection For Fermi 2 Nuclear Power Station (Thousands of Dollars) 1993 1994 Actual Projection Net income after taxes S 521,903
$ 424,250 Less:
Dividends (330,792)
(331,444)
Loss on preferred and preference stock purchased and retired (6,634)
Retained earnings 184,477 92,806 Adjustments:
Accretion income (44,130)
(13,644)
Depreciation and amortization 432,512 478,389 Deferred Fermi 2 depreciation, amortization and return - net 21,929 77,363 Deferred income taxes and investment tax credit - net 85,574 93,047 Fermi 2 refueling outage - net 17,856 (18,691)
Allowance for funds used during construction (3,491)
(3,646)
Total adjustments 510,250 619,618 Internal cash flow S 694,727 j 712,424 Average quarterly cash flow S 173,682 S 178,106 Percentage ownership in all operating nuclear units 100%
Maximum total contingent liability per year S
10,000 11-8-94 R:CFP93. DOC
Enclosure to kRC-94-0109 December 2,1994 page1of1 CERTIFICATE I
I, Ronald W.
Gresens, Vice President and Controller, and Chief Accounting Of ficer of The Detroit Edison Company (" Company"), do hereby certify that the 1993 Actual financial data shown on the Company's 1994 Internal Cash Flow Projection is derived from the Company's consolidated financial statements for the year ended December 31, 1993 and that the 1994 Projection is the latest projection of the Company for the year ended December 31, 1994.
Dated:
November 8, 1994 4
Ronald W.
Gresens, Vice President and Controller The Detroit Edison Company 4