BVY 21-027, Documentary Evidence of Performance Bond

Documentary Evidence of Performance Bond

ML22025A168
Person / Time
Site:	Vermont Yankee  File:NorthStar Vermont Yankee icon.png
Issue date:	12/29/2021
From:	Reid B NorthStar Vermont Yankee
To:	Office of Nuclear Material Safety and Safeguards, Office of Nuclear Reactor Regulation
References
BVY 21-027
Download: ML22025A168 (4)

Text

~*. Northstar Vermont Yankee, LLC Vermont Yankee Nuclear Power Station 320 Governor Hunt Rd.

Vernon, VT 05354 802-451-5354 North Star

Billy E. Reid, Jr.

Site Vice President

10 CFR 50.80 10 CFR 72.50

BVY 21-027

December 29, 2021

ATTN: Document Control Desk U.S. Nuclear Regulatory Commission Washington, DC 20555-0001

SUBJECT:

Documentary Evidence of Performance Bond Vermont Yankee Nuclear Power Station Docket Nos. 50-271 and 72-59 License No. DPR-28

REFERENCE:

Letter, USNRC to Entergy Nuclear Operations, Inc., "Order Approving Transfer of the License for the Vermont Yankee Nuclear Power Station and Conforming License Amendment (EPID# L-2017-LLM-0002)," dated October 11, 2018 (ML18242A638)

Dear Sir or Madam:

By letter dated October 11, 2018 (Reference), the USNRC transmitted an Order that provided consent to the direct and indirect transfer of the Vermont Yankee (VY) license from Entergy Nuclear Operations, Inc. (ENOI) and Entergy Nuclear Vermont Yankee, to Northstar Nuclear Decommissioning Company, LLC (NOC). The third of the three conditions of the Order state the following:

Performance Bond

Northstar Vermont Yankee, LLC shall obtain a performance bond if a Settlement Agreement with the U.S. Department of Energy (DOE), on DOE reimbursements for spent fuel management expenses, is not entered into by January 1, 2022.. The performance bond will be effective January 1, 2022, initially in the amount of $4.3 million, and it will be renewed annually. This amount covers the annual amount of Independent Spent Fuel Storage Installation (ISFSI) operation and maintenance (O&M) costs projected for 2022-2024. If a settlement is not reached by January 1, 2024, this amount will be increased to $9.3 million, which covers the annual amount of ISFSI O&M costs projected for years after 2024.

In accordance with the subject condition of the Order, Northstar Vermont Yankee hereby

• submits documentary evidence that a performance bond in the amount of $4.3 million has been obtained, effective January 1, 2022.

• Documentary evidence of the performance bond is contained in Attachment 1 to this letter. ;J/ oD/p

J;vj-.SS2{o jV;(£.

JJH55 BVY 21-027 / Page 2 of 2

This letter contains no new regulatory commitments.

Should you have any questions concerning this letter or require additional information, please contact Mr. Thomas B. Silko at 802-451-5354, Ext 2506.

Sincerely,

BER/tbs

Documentary Evidence of Performance Bond

cc: Director, Office of Material Safety and Safeguards U.S. Nuclear Regulatory Commission Washington, DC 20555

Mr. David C. Lew Regional Administrator, Region 1 U.S. Nuclear Regulatory Commission 2100 Renaissance Blvd, Suite 100 King of Prussia, PA 19406-2713

Commissioner Vermont Department of Public Service 112 State Street - Drawer 20 Montpelier, Vermont 05602-2601 )

BVY 21-027 Docket Nos. 50-271 and 72-59

Attachment 1

Vermont Yankee Nuclear Power Station

Documentary Evidence of Performance Bond (1 page excluding this cover sheet)

BVY 21-027, Attachment 1, Page 1 of 1

Bond No. ES00010335 Document A312' -2010 Conforms with The American Institute of Archltecfs ArA Document 312 Perlormance Bond CONTRACTOR: SURETY:

(Name, legal stall,s and address) (Name, legal 6ial1ts and principal place o/61tsfness)

Nortl?Star Nuclear Decommlsslonlng Company, LLC Everest Reinsurance Company 320 GQvemor Hunt Road 100 Everest Way, Warren Corporate Center Tola documenl has Important legal Warren, NJ 07059 conaequences. ConaullaUon \\villl Vernon, VT 05354 MaJJJng Address for Notices. an attorney Is encouraged with respect to I$ complelion or 100 Everest Way, Warren Corporate Center mol&lleallon.

OWNER: Warren, NJ 07059 Any tllngular reference to (Name. legal stalus and '1ddress) contractor, Surely, Owner or NorthStar Vermont Yankee, LLC other party shaU be consklered plmal where appllcable.

320 Governor Hunt Road Vernon, VT 05354 CONSTRUCTION CONTRACT Date: May 15, 2018 Amount: S 4,300,000.00 Four Million Three Hundred Thousand Dollars and 00/100

Descriplicm:

(Name '111d location)

Annual Amount of (ndependent Spent Fuel Storage Installation (ISFSI) security, operation and maintenance (O&M)

• License No. DPR~28

Data: December 20, 2021 BOND

(Not ea,,fier thmt Connri,clion Contract Dale)

Amount: S4,300,000.00 Four Million Three Hundred Thousand Dollars and 001100

Madititati011$todvsBond: ~ None O Sec Section 16 CONTRACTOR A.S PRINCIPAL SURETY Compnny: (Corporate Seal) Campany. (COJ'P(>roJe$ia/)__..... _...........

Everest Reinsurance Company ~ : ~. *- _,_ ~- ~-

=~~LLC - ~ ~~t "'

N~er~/w Name Katherine Acosta..

• _* *_ *

• and f"ltle: L),*c..e Pres.,J e,,d and Title! Attomey-in~Fact

(J!ny craditlQna{ ngn,zlliruttppearon Ille klR pnge of tl,b Pe,;/"1'll1D1'Jt:e JJrmd)

(FOR INFORMA.'170N ONLY -Na,na, addre# and telephone)

AGENT or BROKER: OWNER'S REPRESENTATIVE:

Alliant Insurance Services, Inc. (11.rchirect, Engmeerorotherporty:J 333 Earle Ovington Bourevard, Suite 700 Uniondale. NY 11553

S-18S2/AS 8/10