NL-17-030, Browns Ferry, Sequoyah, and Watts Bar - Guarantee of Payment of Deferred Premiums - 2016 Annual Report

Browns Ferry, Sequoyah, and Watts Bar - Guarantee of Payment of Deferred Premiums - 2016 Annual Report

ML17090A386
Person / Time
Site:
Issue date:	03/31/2017
From:	Shea J W Tennessee Valley Authority
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
CNL-17-030
Download: ML17090A386 (2)

Text

Tennessee Valley Authority, 1101 Market Street, Chattanooga, Tennessee 37402

CNL-17-030

March 31, 2017

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 - 2016 Annual Report Pursuant to Title 10, Code of Federal Regulations, Section 140.21 (10 CFR 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 TVA's 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 10 CFR 140.21.

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

the 2006 Annual Report.

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 U.S. Nuclear Regulatory Commission CNL-17-030 Page 2 March 31 , 2017 The i nformation that is publicly available throughout the calendar year at the above listed websites satisfies the requirements of 10 CFR 140.21. 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 $133 m i llion for payment of retrospective premiums. There are no new regulatory commitments contained i n this submittal.

If you have any questions , please contact Edward D. Schrull at (423)-751-3850.

J.w\;: Vice President , Nuclear Licensing NRC Regional Admin i strator -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