CNL-25-002, Annual Insurance Status Report
| ML25086A114 | |
| Person / Time | |
|---|---|
| Site: | Browns Ferry, Watts Bar, Sequoyah  |
| Issue date: | 03/27/2025 |
| From: | Hulvey K Tennessee Valley Authority |
| To: | Office of Nuclear Reactor Regulation, Document Control Desk |
| References | |
| CNL-25-002 | |
| Download: ML25086A114 (1) | |
Text
1101 Market Street, Chattanooga, Tennessee 37402 CNL-25-002 March 27, 2025 10 CFR 50.54(w)
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, Sequoyah Nuclear, and Watts Bar Nuclear plants. 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 Amber V. Aboulfaida, Senior Manager, Fleet Licensing, at avaboulfaida@tva.gov.
Respectfully, Kimberly D. Hulvey General Manager, Nuclear Regulatory Affairs & Emergency Preparedness Enclosure cc: See Page 2 Digitally signed by Edmondson, Carla Date: 2025.03.27 09:30:58
-04'00'
U.S. Nuclear Regulatory Commission CNL-25-002 Page 2 March 27, 2025
Enclosure:
TVA Nuclear Property and Decontamination Liability Insurance - 2025 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-25-002 E-1 of 1 ENCLOSURE TVA Nuclear Property and Decontamination Liability Insurance - 2025 Annual Report Insurance Carrier Coverage Limit Policy Number Browns Ferry Nuclear Plant (BFN)
Nuclear Electric Insurance Ltd. (NEIL)
$1.5 billion*
P25-033 NEIL
$560 million in excess of $1.5 billion BX25-009**
Sequoyah Nuclear Plant (SQN)
$1.5 billion*
P25-043 NEIL
$560 million in excess of $1.5 billion BX25-009**
Watts Bar Nuclear Plant (WBN)
$2.75 billion*
P25-060***
- 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 P25-060 provides a maximum Limit of Liability resulting from any one Accident that will not exceed $2.71 billion.