Entergy 2009 Annual Report Download - page 113

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Entergy Corporation and Subsidiaries
Notes to Financial Statements
109
Indian Point 2, Indian Point 3, and Palisades
$4.5 million weekly indemnity
$490 million maximum indemnity
Deductible: 12 week waiting period
FitzPatrick and Pilgrim
$4.0 million weekly indemnity
$490 million maximum indemnity
Deductible: 12 week waiting period
Vermont Yankee
$3.5 million weekly indemnity
$435 million maximum indemnity
Deductible: 12 week waiting period
Under the property damage and accidental outage insurance programs, all NEIL insured plants could be
subject to assessments should losses exceed the accumulated funds available from NEIL. Effective April 1, 2009,
the maximum amounts of such possible assessments per occurrence were as follows:
Assessments
(In Millions)
Utility:
Entergy Arkansas $21.3
Entergy Gulf States Louisiana $17.1
Entergy Louisiana $19.0
Entergy Mississippi $0.07
Entergy New Orleans $0.07
Entergy Texas N/A
System Energy $15.1
Non-Utility Nuclear $-
Effective April 1, 2009, potential assessments for the Non-Utility Nuclear plants are covered by insurance obtained
through NEIL's reinsurers.
Entergy maintains property insurance for its nuclear units in excess of the NRC's minimum requirement of
$1.06 billion per site for nuclear power plant licensees. NRC regulations provide that the proceeds of this insurance
must be used, first, to render the reactor safe and stable, and second, to complete decontamination operations. Only
after proceeds are dedicated for such use and regulatory approval is secured would any remaining proceeds be made
available for the benefit of plant owners or their creditors.
In the event that one or more acts of terrorism causes property damage under one or more or all nuclear
insurance policies issued by NEIL (including, but not limited to, those described above) within 12 months from the
date the first property damage occurs, the maximum recovery under all such nuclear insurance policies shall be an
aggregate of $3.24 billion plus the additional amounts recovered for such losses from reinsurance, indemnity, and any
other sources applicable to such losses. The Terrorism Risk Insurance Reauthorization Act of 2007 created a
government program that provides for up to $100 billion in coverage in excess of existing coverage for a terrorist
event.
111