NL-25-0078, Southern Nuclear Operating Co, Inc. - Nuclear Insurance Property Coverage as of April 1, 2025, and Licensees Guarantees of Payment of Deferred Premiums (10 CFR 140.21)
| ML25085A180 | |
| Person / Time | |
|---|---|
| Site: | Hatch, Vogtle, Farley  |
| Issue date: | 03/26/2025 |
| From: | Coleman J Southern Nuclear Operating Co |
| To: | Office of Nuclear Reactor Regulation, Document Control Desk |
| References | |
| NL-25-0078 | |
| Download: ML25085A180 (1) | |
Text
3535 Colonnade Parkway Birmingham, AL 35243 205 992 5000 tel Regulatory Affairs NL-25-0078 March 26, 2025 Docket No.:
50-321 50-348 50-424 52-025 50-366 50-364 50-425 52-026 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D. C. 20555-0001 Edwin I. Hatch Nuclear Plant - Units 1 and 2 Joseph M. Farley Nuclear Plant - Units 1 and 2 Vogtle Electric Generating Plant - Units 1, 2, 3, and 4 Nuclear Property Insurance Coverage as of April 1, 2025 and Licensee Guarantees of Payment of Deferred Premiums (10 CFR 140.21)
Ladies and Gentlemen:
In accordance with the nuclear property insurance reporting requirement specified in 10 CFR 50.54(w)(3), the current levels and sources of insurance on Edwin I. Hatch Nuclear Plant Units 1 and 2, Joseph M. Farley Nuclear Plant Units 1 and 2, and Vogtle Electric Generating Plant Units 1, 2, 3, and 4 are hereby submitted.
The policies held by Alabama Power Company and Georgia Power Company (including the co-owner licensees as the insured), respectively, are:
Nuclear Electric Insurance Ltd. - NEIL Primary and Excess Property Insurance Site Policy No.
Amount of Insurance Expires Farley Hatch Vogtle P25-001 P25-023 P25-024
$2,750,000,000
$2,750,000,000
$2,750,000,000 04/01/2026 04/01/2026 04/01/2026
- The amount of insurance above includes $1,250,000,000 in excess limits for property damage following a nuclear incident.
NEIL Specialty Insurance Company - Excess Non-Nuclear Property Insurance Site Policy No.
Amount of Insurance Expires Farley Hatch Vogtle NSIC25-001 NSIC25-023 NSIC25-024
$750,000,000 excess of $1,500,000,000**
$750,000,000 excess of $1,500,000,000**
$750,000,000 excess of $1,500,000,000**
04/01/2026 04/01/2026 04/01/2026
- The excess non-nuclear property insurance limits shown are for property damage following a non-nuclear incident.
The policies provide a total nuclear property coverage limit of $2,750,000,000 and a non-nuclear property limit of $2,250,000,000. In either case this exceeds $1,060,000,000, which is the minimum amount of property insurance required by 10 CFR 50.54.
The coverages referenced are for the eight operating units.
U. S. Nuclear Regulatory Commission NL-25-0078 Page 2 of 2 Additionally, the requirements of 10 CFR 140.21 include annual submittal of evidence that each licensee maintains a guarantee of payment of deferred premium for each reactor it is licensed to operate. Per the Price-Anderson Amendments Act, each licensee maintains a guarantee of payment of deferred premium in the amount of $24.714 million for each reactor it is licensed to operate. Southern Nuclear Operating Company (SNC) maintains nuclear liability endorsements through Marsh USA for the Edwin I. Hatch Nuclear Plant, the Joseph M. Farley Nuclear Plant, and the Vogtle Electric Generating Plant under the American Nuclear Insurers (ANI) Master Policy - Nuclear Energy Liability Insurance (Secondary Financial Protection). This coverage includes a Bond of Payment of Retrospective Premiums and provides the basis for SNC compliance with the provisions of 10 CFR 140.21(a). Certificates of insurance evidencing this coverage were sent by Marsh USA to the U.S. Nuclear Regulatory Commission (NRC)
Document Control Desk, by letter dated January 21, 2025.
Respectfully submitted, Jamie M. Coleman Regulatory Affairs Director JMC/agq/cbg Cc:
Regional Administrator, Region ll NRR Project Manager - Hatch, Farley, Vogtle 1 & 2, Vogtle 3 & 4 Senior Resident Inspector - Hatch, Farley, Vogtle 1 & 2, Vogtle 3 & 4 RTYPE: CGA02.001