BVY 23-018, Update to Nuclear Onsite Property Damage Insurance

Update to Nuclear Onsite Property Damage Insurance

ML23193A964
Person / Time
Site:	Vermont Yankee
Issue date:	07/12/2023
From:	Daniels C NorthStar Nuclear Decommissioning Company
To:	Office of Nuclear Reactor Regulation, Document Control Desk
References
BVY 23-018
Download: ML23193A964 (1)

Text

Northstar Nuclear Decommissioning Co., LLC Vermont Yankee Nuclear Power Station 320 Governor Hunt Rd.

NorthStar Vernon, VT 05354 802-451-5354 Corey R. Daniels ISFSI Manager 10 CFR 50.54(w)(3)

BVY 23-018 July 12, 2023 ATTN: Document Control Desk U.S. Nuclear Regulatory Commission Washington, DC 20555-0001

SUBJECT:

Update to Nuclear Onsite Property Damage Insurance Vermont Yankee Nuclear Power Station Docket No. 50-271 License No. DPR-28

Dear Sir or Madam:

In accordance with 10 CFR 50.54(w)(3), Northstar Nuclear Decommissioning Co. LLC hereby provides an update to the provider for the property damage insurance coverage for the Vermont Yankee Nuclear Power Station:

Vermont Yankee Nuclear Power Station Nuclear Property Insurance Effective January 12, 2023 Primary:

Policy Period: 1/12/23 - 1/12/24 Insurer: Northcourt Limited Policy Number: NL2120 Policy Limit: $50 Million 1 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, tK_l),(_

CRD/tbs

Attachment:

Certificate of Insurance Reduced to $50 Million pursuant to exemption granted by NRC on April 15, 2016, ADAMS Accession No. ML16012A193.

BVY 23-018 / Page 2 of 2 cc: 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 23-018 Docket No. 50-271 Attachment Vermont Yankee Nuclear Power Station Certificate of Insurance (1 page)

BVY 23-018 /Attachment/ Page 1 of 1 Northcourt Northcourt Limited Nuclear Risk Specialists 10th Floor, 1 Minster Court Mincing Lane, London An 01>tio company EC3R7M Date: 22 June 2023 Document Control Desk U.S. Nuclear Regulatory Commission Washington, DC 20555-0001 This letter is to confirm that Northcourt limited provides the following insurance policy coverage to Northstar Vermont Yankee LLC under its Coverholder Authority Agreement Number B1409BA2200049 comprising Lloyds Underwriters and Insurance Companies:

Risk Insured Decontamination and Site Stabilisation Costs following a nuclear event at the site.

Limit of Liability USDS0,000,000 any one event and in the annual aggregate.

It is understood and agreed that if due to a Loss the limit is reduced after a claim has been indemnified under this policy, the limit will be reinstated to the above amount at terms to be agreed.

Claims Adjustment sub-limit: USD 100,000 Period 12 January 2023 to 12 January 2024 both days at 12.01am Local Standard Time at the address of the Insured.

Location/ Vermont Yankee NPP, Vernon, VT Description Coordinates 42°46'44"N 72°30'47"W Deductible USDS,000,000 any one event Coverage Terms, Conditions and Exclusions as per Policy Number NL2120 issued to Northstar Vermont Yankee LLC Signed for and on behalf of Northcourt limited N011hcoun limited Head Olllce: The Hedge Business Centre Level 3, Tri Ir-Rampa I 'San Gilj n, Ballula Bay, SI Jullin's, STJ 1062, Malta Northcourt Umiled Is lkensed by the Malta Flnanclal Services Authority as an Insurance Intermediary enroUed under the Insurance Intermediaries Act 2006.