BVY 22-030, Documentary Evidence of Performance Bond

Documentary Evidence of Performance Bond

ML22365A000
Person / Time
Site:	Vermont Yankee
Issue date:	12/30/2022
From:	Reid B NorthStar Vermont Yankee
To:	Office of Nuclear Material Safety and Safeguards, Office of Nuclear Reactor Regulation, Document Control Desk
References
BVY 22-030
Download: ML22365A000 (1)

Text

NorthStar Vermont Yankee, LLC Vermont Yankee Nuclear Power Station 320 Governor Hunt Rd.

Vernon, VT 05354 802-451-5354 Billy E. Reid, Jr.

Site Vice President 10 CFR 50.80 10 CFR 72.50 BVY 22-030 December 30, 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. and Entergy Nuclear Vermont Yankee, to NorthStar Nuclear Decommissioning Company, LLC (NDC). 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, 2023. Documentary evidence of the performance bond is contained in the Attachment to this letter.

BVY 21-030 / 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

Attachment:

Documentary Evidence of Performance Bond cc: Director, Office of Material Safety and Safeguards U.S. Nuclear Regulatory Commission Washington, DC 20555 Regional Administrator, Region 1 U.S. Nuclear Regulatory Commission 475 Allendale Rd, Suite 102 King of Prussia, PA 19406 Commissioner Vermont Department of Public Service 112 State Street - Drawer 20 Montpelier, Vermont 05602-2601

BVY 22-030 Docket Nos. 50-271 and 72-59 Attachment Vermont Yankee Nuclear Power Station Documentary Evidence of Performance Bond (1 page excluding this cover sheet)

BVY 22-030 / Attachment / Page 1 of 1 CONTINUATION CERTIFICATE Premium Amount: $64,500.00 The Everest Reinsurance Company (hereinafter called the Surety) hereby continues in force its Bond No. ES00010335 in the sum of Twenty Five Thousand Dollars and 00/100 ($4,300,000.00) Dollars, on behalf of Northstar Nuclear Decommissioning Company, LLC in favor of Northstar Vermont Yankee, LLC in connection with License & Permit Bond subject to all the conditions and terms thereof through December 19, 2023 at location of risk.

This Continuation is executed upon the express condition that the Surety's liability shall not be cumulative and shall be limited at all times by the amount of the penalty stated in the bond.

IN WITNESS WHEREOF, the Surety has caused this instrument to be signed by its duly authorized Attorney-in-Fact and its corporate seal to be hereto affixed this 19th day of December, 2022.

NorthStar Nuclear Decommissioning Company, LLC 320 Governor Hunt Road, Vernon, VT 05354 Principal By:_, ----------------

Everest Reinsurance Company 100 Everest Way, Warren, NJ 07059 Surety By /lJl!.L J Katherine Acosta, Attorney-in-Fact