NRC-98-0183, Forwards Certified Cash Flow Statement to Meet Requirements of 10CFR140.21
| ML20196D372 | |
| Person / Time | |
|---|---|
| Site: | Fermi  |
| Issue date: | 11/25/1998 |
| From: | Peterson N DETROIT EDISON CO. |
| To: | Dinitz I NRC |
| References | |
| CON-NRC-98-0183, CON-NRC-98-183 NUDOCS 9812020218 | |
| Download: ML20196D372 (3) | |
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Ferm12 6400 Nonh Dixie Huy.Newpon, M1 CJ166 Detroit Edison F
f 10CFR140.21 November 25,1998 NRC-98-0183 L
U.S. Nuclear Regulatory Commission L
Attention: Mr. Ira Dinitz Mail Stop 11-D-23 j;
Washington D C 20555
Reference:
Fermi 2 -
L NRC Docket No. 50-341 L
NRC License No. NPF-43
Subject:
Price-Anderson Act Guarantee of Payment of Deferred Premiums j.
Enclosed is Detroit Edison's cenified cash flow statement to meet the requirements of 10CFR140.2L The statement was prepared in accordance with Regulatory Guide 9.4 and l
outlines the Company's financial obligation. as detailed under the Secondary Financial L
Protection section of the amended Price Anderson Act, j
L Should yea have any questions, please contact Kimberly N. Harsley, Compliance L
Engineer, at (734) 586-1255.'
U J
L Sincerely, 9
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j Norman K. Peterson
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Director, Nuclear Licensing j
Enclosure
_ cc: Regional Administrator, Region III G. A. Harris A. J. Kugler
' A. Vegel USNRC Document Control Desk 9812020219 991125 eg PDR, ADOCK 05000341 I
PDR u
AITIE Energy Company
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CERTIFICATE 1, Dennis A. Tochman, Director of External Reporting of The Detroit Edison Company (" Company"), do hereby certify that the 1997 Actual financial data shown on the Company's 1998 Internal Cash Flow Projection are derived from the Company's j
consolidated financial statements for the year ended December 31,1997 and that the 1998 Projection is the latest projection of the Company for the year ended December 31,1998.
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Dated: November 9.1998 f
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Dennis A. Tochman Director, External Reporting i.
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r THE DETROIT EDISON COMPANY 1998 INTERNAL CASH FLOW PROJECTION FOR F.ERMI 2 NUCLEAR POWER STATION i
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1997 1998 i
Actual Projection (Thousands)
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Net income
$ 417,007
$ 389,939 Less: Dividends (330.893)
(325.858)
Retained earnings 86.114 64.081 Adjustments Depreciation and amortization 549,026 561,585 Deferred Fermi 2 depreciation, amortization and return - net 108,909 82,595 Deferred income taxes and investment tax credit - net 13,313 17,751 Fermi 2 refueling outage - net 14,341 (11,975)
Steam heating special charge (credit)
(13,112)
(13,792)
Accretion (income) expense 4,349 7,394 Allowance for funds used during construction (1.755)
(1.250)
Total adjustments 675.071 642.308 1
i Internal cash flow
$ 761.185
$ 706.389 Average quarterly cash flow
$ 190.296
$ 176.597 Percentage ownership in all operating nuclear units 100 %
Maximum total contingent liability per year 10,000
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