CNL-25-003, Guarantee of Payment of Deferred Premiums - 2024 Annual Report
| ML25083A101 | |
| Person / Time | |
|---|---|
| Site: | Browns Ferry, Watts Bar, Sequoyah  |
| Issue date: | 03/24/2025 |
| From: | Hulvey K Tennessee Valley Authority |
| To: | Office of Nuclear Reactor Regulation, Document Control Desk |
| References | |
| CNL-25-003 | |
| Download: ML25083A101 (1) | |
Text
10 CFR 140.21 1101 Market Street, Chattanooga, Tennessee 37402 CNL-25-003 March 24, 2025 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 - 2024 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 10th 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 publicly available throughout the calendar year at the above listed websites satisfies the requirements of 10 CFR 140.21.
U.S. Nuclear Regulatory Commission CNL-25-003 Page 2 March 24, 2025 The filed Form 10-K financial statement shows that, if necessary, a cash flow can be generated and would be available to provide $166 million per reactor per incident for payment of retrospective premiums. This satisfies the 10 CFR 140.11(a)(4) requirements in effect for the 2024 reporting period.
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 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 Digitally signed by Edmondson, Carla Date: 2025.03.24 09:30:13
-04'00'