CNL-14-049, CNL-14-049, TVA Guarantee of Payment of Deferred Premiums - 2013 Annual Report

CNL-14-049, TVA Guarantee of Payment of Deferred Premiums - 2013 Annual Report

ML14100A441
Person / Time
Site:	Browns Ferry, Watts Bar, Sequoyah
Issue date:	04/03/2014
From:	James Shea Tennessee Valley Authority
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
CNL-14-049, L44 140403 004
Download: ML14100A441 (2)

Text

L44 140403 004 Tennessee Valley Authority, 1101 Market Street, Chattanooga, Tennessee 37402 CNL-14-049 April 3, 2014 10 CFR 140.21 ATTN: Document Control Desk Director, Office of Nuclear Reactor Regulation 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 Facility Operating License Nos. DPR-77 and DPR-79 NRC Docket Nos. 50-327 and 50-328 Watts Bar Nuclear Plant, Unit 1 Facility Operating License No. NPF-90 NRC Docket No. 50-390

Subject:

Guarantee of Payment of Deferred Premiums - 2013 Annual Report Pursuant to Title 10, Code of Federal Regulations, Section 140.21, Licensee guarantees of payment of deferred premiums, the Tennessee Valley Authority (TVA) is providing evidence that it maintains a guarantee of payment of deferred premiums in the amount of

$17.5 million 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. Because the indemnity agreement effective dates vary for each of the TVA reactors, this annual report contains information for all of the TVA reactors. TVA will be submitting this annual report by April 10 of each year to demonstrate compliance with the Code of Federal Regulations 10 CFR 140.21.

In accordance with The Consolidated Appropriations Act, 2005, signed into law in December 2004, TVA began filing annual reports (10-Ks), quarterly reports (10Qs), and current reports (8-Ks) with the Securities and Exchange Commission (SEC). TVA filings began with the filing of the 2006 Annual Report.

U.S. Nuclear Regulatory Commission Page 2 April 3, 2014 TVA 's 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 at the above listed websites satisfies the requirements of 10 CFR 140.2 1 as the information required by the regulation is publicly available throughout the calendar year.

The filed Form 10-K financial statement shows that, if necessary, a cash flow can be generated and would be available within three months after submission of the statement to provide $105 million for payment of retrospective premiums.

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

J. W. Shea Vice President, Nuclear Licensing