Duke Energy DUK Excess nuclear liability program coverage
Excess nuclear liability program coverage at other companies
Other financials
Where this comes from
Reported directly by Duke Energy in its filing.
Tagged under the XBRL concept duk:ExcessNuclearLiabilityCoverage.
The source filing: Duke Energy’s 10-K, filed February 27, 2025.
- Filed
- Feb 27, 2025
- Fiscal year
- FY2024
- Accession
- 0001326160-25-000072
This program provides $15.8 billion of coverage per incident through the Price-Anderson Act’s mandatory industrywide excess secondary financial protection program of risk pooling. This amount is the product of potential cumulative retrospective premium assessments of $166 million times the current 95 licensed commercial nuclear reactors in the U.S. Under this program, operating unit licensees could be assessed retrospective premiums to compensate for public nuclear liability damages in the event of a nuclear incident at any licensed facility in the U.S. Retrospective premiums may be assessed at a rate not to exceed $24.7 million per year per licensed reactor for each incident. The assessment may be subject to state premium taxes.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FAQ
- What is Duke Energy's excess nuclear liability program coverage?
- Duke Energy (DUK) reported excess nuclear liability program coverage of $15.8B in Q4 2024.
- What does excess nuclear liability program coverage mean?
- The amount of secondary or excess insurance coverage available to the utility in the event of a nuclear incident exceeding primary insurance limits. This metric highlights the company's financial preparedness for catastrophic events.
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