Entergy 2009 Annual Report Download - page 112

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Entergy Corporation and Subsidiaries
Notes to Financial Statements
108
Property Insurance
Entergy's nuclear owner/licensee subsidiaries are members of Nuclear Electric Insurance Limited (NEIL), a
mutual insurance company that provides property damage coverage, including decontamination and premature
decommissioning expense, to the members' nuclear generating plants. Effective April 1, 2009, Entergy was insured
against such losses per the following structures:
Utility Plants (ANO 1 and 2, Grand Gulf, River Bend, and Waterford 3)
Primary Layer (per plant) - $500 million per occurrence
Excess Layer (per plant) - $750 million per occurrence
Blanket Layer (shared among the Utility plants) - $350 million per occurrence
Total limit - $1.6 billion per occurrence
Deductibles:
$2.5 million per occurrence - Turbine/generator damage
$2.5 million per occurrence - Other than turbine/generator damage
$10 million per occurrence plus 10% of amount above $10 million - Damage from a windstorm
Note: ANO 1 and 2 share in the primary and excess layers with common policies because the policies are
issued on a per site basis.
Non-Utility Nuclear Plants (Indian Point 2 and 3, FitzPatrick, Pilgrim, Vermont Yankee, Palisades, and Big
Rock Point)
Primary Layer (per plant) - $500 million per occurrence
Excess Layer - $615 million per occurrence
Total limit - $1.115 billion per occurrence
Deductibles:
$2.5 million per occurrence - Turbine/generator damage
$2.5 million per occurrence - Other than turbine/generator damage
$10 million per occurrence plus 10% of amount above $10 million - Damage from a windstorm
Note: Indian Point 2 and 3 share in the primary and excess layers with common policies because the policies
are issued on a per site basis. Big Rock Point has its own primary policy with no excess coverage.
In addition, Waterford 3, Grand Gulf, and the Non-Utility Nuclear plants are also covered under NEIL's
Accidental Outage Coverage program. This coverage provides certain fixed indemnities in the event of an unplanned
outage that results from a covered NEIL property damage loss, subject to a deductible and a waiting period. The
following summarizes this coverage effective April 1, 2009:
Waterford 3
$2.95 million weekly indemnity
$413 million maximum indemnity
Deductible: 26 week waiting period
Grand Gulf
$400,000 weekly indemnity (total for four policies)
$56 million maximum indemnity (total for four policies)
Deductible: 26 week waiting period
110