CNL-24-008, Guarantee of Payment of Deferred Premiums - 2023 Annual Report

Guarantee of Payment of Deferred Premiums - 2023 Annual Report

ML24087A092
Person / Time
Site:	Browns Ferry, Sequoyah, Watts Bar
Issue date:	03/27/2024
From:	Hulvey K Tennessee Valley Authority
To:	Office of Nuclear Reactor Regulation, Document Control Desk
References
CNL-24-008
Download: ML24087A092 (1)

Text

1101 Market Street, Chattanooga, Tennessee 37402

CNL-24-008

March 27, 2024

10 CFR 140.21

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:

Guarantee of Payment of Deferred Premiums - 2023 Annual Report

Pursuant to Title 10 Code of Federal Regulations (10 CFR), Section 140.21, Licensee guarantees of payment of deferred premiums, Tennessee Valley Authority (TVA) is providing evidence as discussed herein that it maintains a guarantee of payment of deferred premiums in the amount specified in 10 CFR 140.11(a) for each licensed reactor at TVAs Browns Ferry, Sequoyah, and Watts Bar Nuclear Plants. This information is required to be submitted annually on the anniversary date on which the indemnity agreement is effective for each of the TVA reactors. This submittal contains information for all the TVA reactors. Because the indemnity agreement effective dates vary for each of the TVA reactors, TVA has established the practice of providing this submittal no later than April 10 th of each year in order to demonstrate compliance with 10 CFR 140.21.

TVAs Form 10-K Annual Report is filed pursuant to the Securities Exchange Act of 1934 and is publicly available on the internet at either of the websites provided below.

www.tva.gov or at www.sec.gov

The information that is publicl y available throughout the calendar year at the above listed websites satisfies the requirements of 10 CFR 140.21.

U.S. Nuclear Regulatory Commission CNL-24-008 Page 2 March 27, 2024

The filed Form 10-K financial statement shows that, if necessary, a cash flow can be generated and would be available to provide $138 million per reac tor per incident for payment of retrospective premiums. This satisfies the 10 CFR 140.11(a)(4) requirements in effect for the 2023 reporting period.

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

Respectfully,

Kimberly D. Hulvey Director, Nuclear Regulatory Affairs

cc:

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