CNL-18-025, Annual Insurance Status Report

Annual Insurance Status Report

ML18087A427
Person / Time
Site:	Browns Ferry, Watts Bar, Sequoyah
Issue date:	03/28/2018
From:	James Shea Tennessee Valley Authority
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
CNL-18-025
Download: ML18087A427 (3)

Text

Tennessee Valley Authority, 1101 Market Street, Chattanooga, Tennessee 37402 CNL-18-025 March 28, 2018 10 CFR 50.54(w) 10 CFR 50.4 ATTN : Document Control Desk U.S. Nuclear Regulatory Commission Washington, D.C. 20555-0001 Browns Ferry Nuclear Plant, Units 1, 2, and 3 Renewed Facility Operating License Nos. DPR-33, DPR-52, and DPR-68 NRC Docket Nos. 50-259, 50-260, and 50-296 Sequoyah Nuclear Plant, Units 1 and 2 Renewed Facility Operating License Nos. DPR-77 and DPR-79 NRC Docket Nos. 50-327 and 50-328 Watts Bar Nuclear Plant, Units 1 and 2 Facility Operating License Nos. NPF-90 and NPF-96 NRC Docket No. 50-390 and 50-391

Subject:

Annual Insurance Status Report Title 10, Code of Federal Regulations, Section 50.54(w) (10 CFR 50.54(w)) requires power reactor licensees for production facilities to take reasonable steps to obtain insurance, at a minimum coverage limit for each licensed reactor station site of either $1.06 billion or whatever amount of insurance is generally available from private sources, whichever is less. Also, 10 CFR 50.54(w)(3) requires that the licensee shall report to the NRC on April 1 of each year the current levels of this insurance or financial security it maintains and the sources of this insurance or financial security.

In accordance with 10 CFR 50.54(w), Tennessee Valley Authority (TVA) has purchased onsite property damage insurance for Browns Ferry Nuclear Plant (BFN), Sequoyah Nuclear Plant (SQN), and Watts Bar Nuclear Plant (WBN). Enclosed is the required information on source and level of coverage for TVA's facilities.

There are no new regulatory commitments contained in this letter. If you have any questions regarding this matter, please contact Edward D. Schrull at (423) 751-3850.

Respectfully, l:fu:dx:~ ~

J. W. Shea Vice President, Nuclear Regulatory Affairs and Support Services

Enclosure:

Nuclear Property and Decontamination Liability Insurance Annual Report cc: see Page 2

U.S. Nuclear Regulatory Commission CNL-18-025 Page 2 March 28, 2018 cc:(Enclosure)

NRC Regional Administrator - Region II NRC Senior Resident Inspector - Browns Ferry Nuclear Plant NRC Senior Resident Inspector - Sequoyah Nuclear Plant NRC Senior Resident Inspector - Watts Bar Nuclear Plant

ENCLOSURE Nuclear Property and Decontamination Liability Insurance Annual Report Insurance Carrier Coverage Limit Policy Number Browns Ferry Nuclear Plant (BFN)

Nuclear Electric Insurance Ltd. $1.5 billion P18-033 NEIL $560 million in excess of $1.5 billion BX18-009*

Sequoyah Nuclear Plant (SQN)

Nuclear Electric Insurance Ltd. $1.5 billion P18-043 NEIL $560 million in excess of $1.5 billion BX18-009*

Watts Bar Nuclear Plant (WBN)

Nuclear Electric Insurance Ltd. $1.5 billion P18-060 NEIL $560 million in excess of $1.5 billion BX18-009*

• NEIL Policy BX18-009 is a Blanket Excess, Decontamination Liability, Decommissioning Liability and Excess Property Insurance Policy which is applicable to all three sites (BFN, SQN, and WBN) that provides a maximum Limit of Liability resulting from any one Accident that will not exceed $560 million.