CNL-19-021, Guarantee of Payment of Deferred Premiums - 2018 Annual Report

Guarantee of Payment of Deferred Premiums - 2018 Annual Report

ML19088A275
Person / Time
Site:	Browns Ferry, Watts Bar, Sequoyah
Issue date:	03/29/2019
From:	Henderson E Tennessee Valley Authority
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
CNL-19-021
Download: ML19088A275 (2)

Text

Tennessee Valley Authority, 1101 Market Street, Chattanooga, Tennessee 37402 CNL-19-021 March 29, 2019 10 CFR 140.21 10 CFR 50.4 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 - 2018 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 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 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.

U.S. Nuclear Regulatory Commission CNL-19-021 Page 2 March 29, 2019 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 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 million for payment of retrospective premiums.

There are no new regulatory commitments contained in this submittal. If you have any questions, please contact Michael A Brown at (423) 751-3275.

Respectfully,

~ck'~

E. K. Henderson Director, Nuclear Regulatory Affairs 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