EDF / 2018 Reference document

RISK FACTORS AND CONTROL FRAMEWORK Insurance

insurance pool, AXA and Allianz (reinsured by Assuratome, the French nuclear pool) and EMANI (nuclear mutual insurance company) (see section 2.5.2 “Use of captive insurance companies and mutual insurance companies” and section 2.5.7. “Premiums”) for a total capacity of €1,760 million, over and above an amount of €240 million. As of 1 October 2018: in France, the protection provided by OIL is supplemented, for the consequences ■ of a nuclear accident, including the cost of decontaminating the site, by an insurance coverage of €90 million in excess of a deductible of €10 million using the EMANI nuclear mutual insurance company, Axa and Allianz (reinsured by Assuratome), and Wagram Insurance Company DAC (reinsured by Océane Re). in the United Kingdom, protection is supplemented for the consequences of a ■ nuclear accident, including site decontamination costs, by an insurance programme with a total capacity of €1,510 million, exceeding an amount of €240 million provided by the EMANI nuclear mutual insurance company, the British nuclear pool NRI and Northcourt, which includes specialised British insurers. Furthermore, EDF Inc. is a member of NEIL (Nuclear Electric Insurance Limited) – a mutual nuclear insurance company in the United States, so as to cover the activities of CENG (Constellation Energy Nuclear Group) in the United States.

EDF Energy is currently insured by ELINI and Wagram Insurance Company DAC. The captive insurer Océane Re also carries the risk via a reinsurance contract for Wagram Insurance Company DAC. For further information on the legislation concerning nuclear operators’ civil liability, see section 1.5.6.2.2 “Specific regulations applicable to basic nuclear facilities”; Civil liability for transport of nuclear 2.5.6.2 substances Under the Paris Convention, the operator that is the “shipper” is civilly liable for transport of nuclear substances (unless stipulated otherwise). On 18 February 2016, this liability limit was increased to €80 million with an unchanged scope of damages (for more information see section 2.5.6.1 “Civil liability of nuclear facility operators” and section 1.5.6.2.2 “Specific regulations applicable to basic nuclear facilities”); the scope of damages admissible for compensation will then by widened when the amended Paris Convention comes into force. This liability is as of now covered by the aforementioned nuclear operator civil liability policy. Damage to nuclear facilities 2.5.6.3 The cover obtained through EDF’s membership in the OIL mutual insurance company provides protection against material damage in cold areas, excluding the consequences of a nuclear accident, of 60% of $400 million in excess of a deductible of $15 million, both in France and the United Kingdom. Until 30 September 2018, in addition to this coverage, property damage (including following a nuclear accident) to EDF’s nuclear facilities in France and to EDF Energy’s nuclear facilities in the United Kingdom, as well as nuclear decontamination costs, are covered by a joint insurance programme underwritten primarily by the NRI British

2.

2.5.7

PREMIUMS

The total amount of Group insurance premiums for all types of cover was €248 million in 2018.

147

EDF I Reference Document 2018