CNL-24-007, Annual Insurance Status Report

Annual Insurance Status Report

ML24087A088
Person / Time
Site:	Browns Ferry, Watts Bar, Sequoyah
Issue date:	03/27/2024
From:	Hulvey K Tennessee Valley Authority
To:	Office of Nuclear Reactor Regulation, Document Control Desk
References
CNL-24-007
Download: ML24087A088 (1)

Text

10 CFR 50.54(w) 1101 Market Street, Chattanooga, Tennessee 37402 CNL-24-007 March 27, 2024 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 Nos. 50-390 and 50-391

Subject:

Annual Insurance Status Report Title 10 of the Code of Federal Regulations (10 CFR), Section 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 each licensee report on April 1 of each year the current levels and sources of this insurance.

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

There are no new regulatory commitments in this letter. Please address any questions regarding this submittal to Stuart L. Rymer, Senior Manager, Fleet Licensing, at slrymer@tva.gov.

Respectfully, Kimberly D. Hulvey Director, Nuclear Regulatory Affairs Enclosure cc: See Page 2 Digitally signed by Edmondson, Carla Date: 2024.03.27 09:20:10

-04'00'

U.S. Nuclear Regulatory Commission CNL-24-007 Page 2 March 27, 2024

Enclosure:

TVA Nuclear Property and Decontamination Liability Insurance - 2024 Annual Report 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 NRC Project Manager - Browns Ferry Nuclear Plant NRC Project Manager - Sequoyah Nuclear Plant NRC Project Manager - Watts Bar Nuclear Plant

CNL-24-007 E-1 of 1 ENCLOSURE TVA Nuclear Property and Decontamination Liability Insurance - 2024 Annual Report Insurance Carrier Coverage Limit Policy Number Browns Ferry Nuclear Plant (BFN)

Nuclear Electric Insurance Ltd. (NEIL)

$1.5 billion*

P24-033 NEIL

$560 million in excess of $1.5 billion BX24-009**

Sequoyah Nuclear Plant (SQN)

NEIL

$1.5 billion*

P24-043 NEIL

$560 million in excess of $1.5 billion BX24-009**

Watts Bar Nuclear Plant (WBN)

NEIL

$2.75 billion*

P24-060

• TVA insures $40 million of the first $400 million of limits for BFN, SQN, and WBN on a quota share basis through another nuclear industry mutual (European Mutual Association for Nuclear Insurance (EMANI)).

• • NEIL Policy BX24-009 is a Blanket Excess, Decontamination Liability, Decommissioning Liability and Excess Property Insurance Policy, which is applicable to BFN and SQN that provides a maximum Limit of Liability resulting from any one Accident that will not exceed $560 million.