ML17304A784

Forwards Endorsement 10 to Nelia Certificates N-88 & N-107 & Endorsement 10 to Maelu Certificates M-88 & M-107

ML17304A784
Person / Time
Site:	Palo Verde
Issue date:	11/30/1988
From:	Karner D ARIZONA PUBLIC SERVICE CO. (FORMERLY ARIZONA NUCLEAR
To:	NRC OFFICE OF ADMINISTRATION & RESOURCES MANAGEMENT (ARM)
References
161-01511-DBK, 161-1511-DBK, NUDOCS 8812070015
Download: ML17304A784 (52)

Text

iXCELEBRATED I

Dl UTION DEMONSTRX 5

SYSTEM REGULATORY INFORMATION DISTRIBUTION SYSTEM (RIDS)

ACCESSION NBR:8812070015 DOC.DATE: 88/11/30 NOTARIZED:

NO DOCKET I FACIL:STN-50-528 Palo Verde Nuclear Station, Unit 1, Arizona Publi 05000528 STN-50-529 Palo Verde Nuclear Station, Unit 2, Arizona Publ'i 05000529 STN-50-530 Palo Verde Nuclear Station, Unit 3,-Arizona Publi 05000530 AUTH.NAME AUTHOR AFFILIATION KARNER,D.B.

Arizona Nuclear Power Project (formerly Arizona Public Serv RECIP.NAME RECIPIENT AFFILIATION R

Document Control Branch (Document Control Desk)

I

SUBJECT:

Forwards Endorsement 10 to NELIA Certificates,N-88

& N-107 Endorsement 10 to MAELU Certificates M-88

& M-107.

D DISTRIBUTION CODE:

M001D COPIES RECEIVED:LTR ENCL SIZE:

8 TITLE: Insurance:

Indemnity/Endorsement Agreements NOTES:Standardized plant.

Standardized plant.

Standardized plant.

05000528 i 05000529 o5ooo53o h RECIPIENT t

ID CODE/NAME INTERNAL: NRR/P PTSB12 E

01 EXTERNAL: LPDR NOTES:

COPIES LTTR ENCL 1

1 1

1 1

1 1

1 RECIPIENT ID CODE/NAME NUDOCS-ABSTRACT NRC PDR COPIES LTTR ENCL 1

1 1

1 h

NOTE I0 ALL "RIDS" RECIPIENTS:

PLEASE HELP US 'lO REDUCE WASTE.'XÃZACT 'IHE DOCUMEVZ CONTROL DESK, RXM Pl-37 (EXT. 20079)

TO ELIMINATEKN3R NME FMH DISTRIBUTION LISTS H)R DOCtIMEÃZS YOU DGNIT NEED)

TOTAL NUMBER OF COPIES REQUIRED:

LTTR 6

ENCL 6

, l' P

Arizona Nuclear Power Project P.O. 8OX 52034

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PHOENIX. ARIZONA85072-2034 161-01511-DBK/JRP November 30, 1988 Docket Nos.

STN 50-528/529/530 Document Control Desk U.

S. Nuclear Regulatory Commission Mail Station Pl-137 Washington, D.C.

20555

Subject:

Palo Verde Nuclear Generating Station (PVNGS)

Units 1, 2 and 3

Nuclear Liability Insurance Program-Secondary Financial Protection File:

88-A-056-026 Pursuant to 10CFR140.15 and Section 2(6)(iii) of the Operating License(s),

enclosed are two certified copies each of Endorsement No.

10 to Certificate Nos.

N-88 and M-88, Endorsement No.

10 to Certificate Nos.

N-107 and M-107, and Endorsement No.

6 to Certificate Nos.

N-114 and M-114.

These Endorsements supersede previous Endorsements No.

9, 9

and 5 submitted to you by letter dated October 26, 1988 (161-01426-DBK/JRP).

Should you have any questions, please call.

Very truly yours, D. B. Karner Executive Vice President DBK/JRP/dim Attachments:

Certificate Nos.

N-88 and M-88, Endorsement No.

10 Certificate Nos.

N-107 and M-107, Endorsement No.

10 Certificate Nos.

N-114 and M-114, Endorsement No.

6 cc:

G.

W. Knighton M. J.

Davis T. L. Chan T. J. Polich J.

B. Martin (all w/a) 83220700i5 S81130 PDR ADOCK 05000528 PDC

1

Nuclear Energy LlabllltyInsurance NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION ENDORSEMENT TO CERTIFICATE NO. 8-88 Forsing Part of Master Policy No. I Nuclear Energy Liability Insurance (Secondary Financial Protection) lt is agreed that Endorsement No.

9 attached to this Certificate is deleted and the following replaces that endorsement:

Effective

$e tember 1

1988, it is agreed that Item 4. of this certificate is amended to read as follows:

Item 4.

(a)

Identification of prima

.financial rotection applicable to the nuclear reactor and limit(s) of liability thereof:

Facility Form Policies (i)

Nuclear Energy Liability Insurance Association's Policy NF-266

$155,000,000 (ii)

Mutual Atomic Energy Liability Under-writers'olicy MF-116

$ 45,000,000 (2)

Master Worker Policies (Facility Worker Form)

(i)

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1

$ 124FOOOF000 (ii)

Mutual Atomic Energy Liability Underwriters'aster Worker Policy MMWP-1 36F000,000 (b)

The following endorsements attached to the Facility Form policies identified in subsection (a)(1) above also apply to the insurance afforded by this Master Policy through this certificate as though they were attached hereto:

(1)

Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence}

and (2)

Supplementary Endorsement Waiver of Defenses

Reactor Construction at the Facility.

(c)

Sharing of limit(s) of liability provided under the rimar financial rotection.

(1)

The limit of iability provided under each Facility Form policy identified in subsection (a)(1) above is shared among all nuclear reactors on the location described in Item 3

of the Declarations of such policy.

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The limit of liability provided under each Master Worker Policy (Facility Worker Form) identified in subsection (a)(2) above is shared among all insureds under all Certificates of Insurance issued to be a

part of the Master Worker Policies.

2.

Only w'th respect to such insurance as is afforded under this certif'cate, the first paragraph of Condition 6,

PRIMARY FXNANCXAL PROTECTION of the Master Policy Nuclear Energy Liability Insurance (Secondary Financial Protection),

is amended to read as follows:

Regardless of the number of policies or contracts of prima~~

ina cial rotectio applicable to a nuclear

incident, the limit of (a) all Facility Form Policies identified in Item 4 (a)(i) of (1) this cert'ficate or any other certif'cate having an endorsement similar to this endorsement attached to it shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under all such policies, or (ii) two hundred million dollars; (2) a certificate, other than this certificate or a

certificate which has a provision identical to (a)(3,)

above, shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of.

(i) the sum of the limit of liability under said policies or'ii) one hundred sixty million dollars; (b) all Master Worker Policies (Facility Worker Form) identified in Xtem 4(a)(2) of a certificate shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (1) the sum of the limit of liability available under all such Master Worker Policies, or (2) one hundred sixty million dollars plus the amount of all automatic reinstatements of the Policy Aggregate Limit under such policies.

Effective Date of this Endorsement Se tember 1, 1988 12:01 A.H. Standard Time Tssued to Pub1ic Service Com an et a1 To form a part of of Certificate No.

N-88 For the Su cribing Companies By Genera]

age Countersigned THI~ IS TO CPlglFY THAT HIS I A T E

g OF THE ORIGINAL CEO'.$ 8APc, AC, i

to +

o EREON, FOR INSURANCE COVERAGE UNDER THE MAS ER POLICY-NUCI.EAR ENERGY LIABI 'TY INSURANCE (SECONDARY FIN CIAL PROTECTION). NO INSUR NCE I FORD 8

JOHN

'3UATTROCC VICE PR SIDENT-UNDERWRITING AMF@Qgggg)R)NSURERS1 0

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Nuclear Energy LlabIlityInsurance NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION ENDORSEMENT TO CERTIFICATE NO. 8-88 Forming Part of Master Policy No. I Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that Endorsement No.

9 attached to this Certificate is deleted and the following replaces

that, endorsement:

Effective Se tember 1

1988, it is agreed that 1.

Item 4. of this certificate is amended to read as follows:

Xtem 4.

{a)

Identification of rima financial rotection applicable to the nuclear reactor and limit(s) of liability thereof:

(1)

Facility Form Policies (i)

Nuclear'nergy Liability 'nsurance Association's Policy NF-266

$1ss,ooo,ooo (ii)

Mutual Atomic Energy Liability Under-writers'olicy MF-116

.$ 4s,ooo,ooo (2)

Master Worker Policies (Facility Worker Form)

(i)

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1

$ 124 F Ooof 000 (ii)

Mutual Atomic Energy Liability Underwriters'aster Worker Policy MMWP-1 36FOOOF000 (b)

The following endorsements attached to the Facility Form policies identified in subsection (a)(1) above also apply to the insurance afforded by this Master Policy through

~ this certificate as though they were attached hereto:

(1)

Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2)

Supplementary Endorsement Waiver of Defenses

Reactor Construction at the Facility.

(c)

Sharing of limit(s) of liability provided under the rimar financial rotection.

(1)

The limit of liability provided under each Facility Form policy identified in subsection (a)(1) above is shared among all nuclear reactors on the location described in Xtem 3

of the Declarations of such policy.

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(2)

The limit of liability provided under each Master Worker Policy (Facility Worker Form) identified in subsection (a)(2) above is shared among all insureds under all Certificates of Insurance issued to be a

part, of the Master Worker Policies.

2.

Only with respect to such insurance as is afforded under this ce t'ficate, the first paragraph of Condition 6,

PRIMARY FXNANCIAL PROTECTXON of the Master Policy Nuclear Energy Liability Insurance (Secondary Financial Protection),

is amended to read as follows:

Regardless of the number of policies or contracts of ~rimar financial rotection applicable to a nuclear

incident, the limit of (a) all Facility Form Policies identified in Item 4 (a)(i) of (1) this certificate or any other certificate having an endorsement similar to this endorsement attached to

-it shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under all such policies, or (ii) two hundred million dollars; (2) a certificate, other than this certificate or a

certificate which has a provision identical to (a)(3,)

above, shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of.

(i) the sum of the limit of.liability under said policies, or (ii) one hundred sixty million dollars; (b) all Master Worker Policies (Facility Worker Form) identified in Item 4(a)(2) of a certificate shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (1) the sum of the limit of liability available under all such Master Worker Policies, or (2) one hundred sixty million dollars plus the amount of all automatic reinstatements of the Policy Aggregate Limit under such policies.

Effective Date of this Endorsement To form a part of of Certificate No.

N-88 For the Su cribing Companies By General Manag (spy~

f I

Countersigned y

Se tember 1,

1988 12:01 A.H. Standard Time a Public Service Com an et al THIS IS TO CERTIFY THAT THIS IS A TRUE COPY OF THE ORIGINAL C&i

%CABLE,~%~

Ob R18SSIRMISED HEREON, FOR INSURANCE COVERAGE UNDER THE MAS ER POLICY-NUCLEAR ENERGY LIABI TY INSURANCE (SECONDARY FIN CIAL PROTECTION). NO INSURE NCE I FORD 8

JOHN UATTROCC VICE PR SIDENT-UNDERV/RITING AIIIERJCAN NUCLEPP INSURERS

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Nuclear Energy LiabilityInsurance MUTUALATOMIC ENERGY LIABILITYUNDERWRITERS ENDORSEMENT TO CERTIFICATE NO. M-88 Forming part of Master Policy No. I Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that Endorsement No.

9 attached to this Certificate is deleted and the following replaces that endorsement:

Effective it is agreed that 1.

Item 4. of this certificate is amended to read as follows:

Item 4.

(a)

Identification of rima financial rotection applicable to the nuclear reactor and limit(s) of liability thereof:

(1)

Facility Form Policies (i)

Nuclear Energy Liability Insurance Association's Policy NF- (66

$155,000,000 (ii)

Mutual Atomic Energy Liability Under-writers'olicy MF-II6

$ 45,000,000 (2)

Master Worker Policies (Facility Worker Form)

(i)

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1

$ 124 f 000 F 000 (ii)

Mutual Atomic Energy Liability Underwriters'aster Worker Policy MMWP-1 36,000,000 (b)

The following endorsements attached to the Facility Form policies identified in subsection (a)(1) above also apply to the insurance afforded by this Master Policy through this certificate as though they were attached hereto:

(1)

Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2)

Supplementary Endorsement Waiver of Defenses

Reactor Construction at the Facility.

(c)

Sharing of limit(s) of liability provided under the rimar financial rotection.

(1)

The limit of liability provided under each Facility Form policy identified in subsection (a)(1) above is shared among all nuclear reactors on the location described in Item 3

of the Declarations of such policy.

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The limit of liability p ovided under each Master Worker Policy (Facility Worker Form) identified in subsection (a)(2) above is shared among all insureds under all Certificates of Insurance issued to be a

part of the Master Worker Policies.

2.

Only with respect to such insurance as is afforded under this certificate, the first. paragraph of Condition 6,

PRIMARY FINANCIAL PROTECTION of the Master Policy Nuclear Energy Liability Insurance (Secondary Financial Protection),

is amended to read as follows:

Regardless of the number of policies or contracts of primary financial rotection applicable o

a nuclear

incident, the limit of (a) all Facility Form'olicies identified in Item 4 (a)(i) of (1) this certificate or any other certificate having an endorsement similar to this endorsement attached to it shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under all such policies, or (ii) two hundred million dollars; (2) a certificate, other than this certificate or a

certificate which has a provision identical to (a)(1)

above, shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit, of liability under said policies, or (ii) one hundred sixty million dollars; (b) all Master Worker Policies (Facility Worker Form) identified in Item 4(a)(2) of a certificate shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (1) the sum of the limit of liability available under all such Master Worker Policies, or Effective Date of this Endorsement Issued to Date of Issue ber ]9

]988 THIS IS TO CERTIFY THAT THIS I EPWS. Subscribing Companies CERTIFICATE, BEARING THE NUMBER DESIGNATED HEREON, FOR INEU NCE CO GE UNÃ NE POUC -W+Pggg+Y EC E~E~ CE~

LIABILTY INSURANCE (SECONDARY FIN CIAL PROTECTIUNj.

INSUR ACE ~IS FFORDE B

UAT%CCH VICE PR IDENT-UNDERWRITING AME@OARmm~ PtSURERS 10 Countersigned by ERWRITERS By y'

Author'ized R

resenta (2) one hundred sixty million dollars plus the amount of all automatic reinstatements of the Policy Aggregate Limit under such policies.

To form a part of Se tember 1,

1988 of Certificate No.

M-88 12:01 A:M. Standard Time a Public Service Com an

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Nuclear Energy LiabilityInsurance MUTUALATOMIC ENERGY LIABILITYUNDERWRITERS ENDORSEMENT TO CERTIFICATE NO. N-88 Forming Part of Master Policy No. I Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that Endorsement No; 9

attached to this Certificate is deleted and the following replaces that endorsement:

Effective it is agreed that 1.

Item 4. of this certificate is amended to read as follows:

Item 4.

(a)

Identification of rimar financial rotection applicable to the nuclear reactor and limit(s) of liability thereof:

Facility Form Policies (i)

Nuclear Energy Liability Insurance Association's Policy NF-2668155,000,000 (ii)

Mutual Atomic Energy Liability Under-writers'olicy MF-I,]6 45,000,000 (2)

Master Worker Policies (Facility Worker Form)

(i)

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1

$ 124FOOOF000 (ii)

Mutual Atomic Energy Liability Underwriters'aster Worker Policy MMWP-1 36F 000F 000 (b)

The following endorsements attached to the Facility Form policies identified in subsection (a)(1) above also apply to the insurance afforded by this Master Policy through this certificate as though they were attached hereto:

(1)

Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2)

Supplementary Endorsement Waiver of Defenses

Reactor Construction at the Facility.

(c)

Sharing of limit(s) of liability provided under the rimar financial rotection.

(1)

The limit of liability provided under each Facility Form policy identified in subsection (a)(1) above is shared among all nuclear reactors on the location described in Item 3

of the Declarations of such policy.

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(2 The limit of liability provided under each Master Worker Policy (Facility Worker Form) identified in subsection (a)(2) above is shared among all insureds under all Certificates of Insurance

.issued to be a

part of the Master Worker Policies.

Only with respect to such insurance as is afforded under this certificate, the first paragraph of Condition 6,

PRIMARY FINANCIAL PROTECTION of the Master Policy

'uclear Energy Liability Insurance (Secondary Financial Protection),

is amended to read as follows:

(a) all Facility Form Policies identified in Item 4 (a)(i) of (1) this certificate or any other certificate having an endorsement similar to this endorsement attached to it shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of

~ (i) the sum of the limit of liability under all such policies 07 (ii) two hundred million dollars; (2) a certificate, other than this certificate or a

certificate which has a provision identical to (a)(1)

above, shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under said policies, or (ii) one hundred sixty million dollars; (b) all Master Worker Policies (Facility Worker Form) identified in Item 4(a)(2) of a certificate shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (1) the sum of the limit of liability available under all such Master Worker Policies, or (2) one hundred sixty million dollars plus the amount of all automatic reinstatements of the Policy Aggregate Limit under such policies.

To form a part of Se tember 1,

1988 of Certificate No-M-88 12:Ol A.H. Standard Time a Public Service Com an

, et al Effective Date of this Endorsement Issued to Date of Issue.

pber 19 1988 THIS IS TO CERTIFY T

" TYePRM Subscribing Companies CERTIFICATE, BEARING THE NUMBER DESIGNATED HEREON, FOR INSURANCE COVERAGE UNDER THE MA FR POLICY-E LIABI 'TY INSURANCE (SECONDARY Flh',

CIAL PROTE INSUR NCE~O E

B e

JOHN UATTROCCHI By VICE PRESIDENT-UNDERWRITING AtQXOAS@hMEAHdNSURERS1O ERMRITERS Countersigned by Authurifed Repteeeutet vP'egardless of the number of policies or contracts of primary financial rotection applicab e to a nuclear

incident, the limit of

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<<I t Nuclear Energy LiabilityInsurance NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION ENDORSEMENT TO CERTIEICATE NO.~107 Forming Part of Master Policy No. l Nuclear Energy Liability Insurance (Secondary Financial Protection)'t is agreed that Endorsement No.

9 attached to this Certificate is deleted and the following replaces that endorsement:

Effective 1

1988

, it is agreed that 1.

Item 4. of this certificate is amended to read as follows:

Item 4.

(a) applicable to the nuclear reactor and limit(s) of liability thereof:

Facility'orm Policies (i)

Nuclear Energy Liability Insurance Association's Policy NF-266

$155,000,000 (ii)

Mutual Atomic Energy Liability Under-writers'olicy MF-116

,$ 45,000,000 (2)

Master Worker Policies (Facility Worker Form)

(i)

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1

$124/000g000 (ii)

Mutual Atomic Energy Liability Underwriters'aster Worker Policy MMWP-1

$ 36/ 000'00 (b)

(c)

The following endorsements attached to the Facility Form policies identified in subsection (a)(1) above also apply to the insurance afforded by this Master Policy through this certificate as though they were attached hereto:

(1)

Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2)

Supplementary Endorsement Waiver of Defenses

Reactor Construction at the Facility.

Sharing of limit(s) of liability provided under the rimar financial rotection.

(1)

The limit of liability provided under each Facility Form policy identified in subsection (a)(1) above is shared among all nuclear reactors on the location described in Item 3

of the Declarations of such policy.

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(2)

The limit of liability provided under each Master Worker Policy (Facility Worker Form) identified in subsection (a)(2) above is shared among all insureds under all Certificates of Insurance issued to be a

part of the Master Worker Policies.

2.

Only with respect to such insurance as is afforded under this certificate, the first 'paragraph of Condition 6,

PRIMARY FINANCIAL PROTECTION of the Master Policy Nuclear Energy Liability Insurance (Secondary Financial Protection),

is amended to read as follows:

Regardless of the number of policies or contracts of ~r'm~>ar financial rotection applicable to a nuclear i cident, the limit of (a) all Facility Form Policies identified in Item 4 (a)(i) of (1) this certificate or any other certificate having an endorsement similar to this endorsement attached to it shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under all such policies, or (ii) two hundred million dollars; (2) a certificate, other than this certificate or a

certificate which has a provision identical to (a)(1)

above, shall be deemed to be exhausted when the sums paid under said policies are equal to-the lesser of (i) the sum of the limit of liability under said policies, or (ii) one hundred sixty million dollars; (b) all Master Worker Policies (Facility Worker Form) identified in Item 4(a)(2) of a certificate shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (1) the sum of the limit of liability available under all such Master Worker Policies, or (2) one hundred sixty million dollars plus the amount of all automatic reinstatements of the Policy Aggregate Limit under such policies.

Effective Date of this Endorsement To form a part of of Certificate No.

N-107 For the Su cribing Companies By General Manager Countersigned b

4 Se tember 1

1988 12:01 A.H. Standard Time n

Public Service Com an et al THIS IS TO CERTIFY THAT THIS IS A TRUE, COPY OF THE ORIGINAL CNbCIsICA'fE,QKAMG

'O'NiBIII8 E$988%TED HEREON, FOR INSURANCE COVERAGE UNDE 1

i Y-NUCLEAR ENERGY.

'IA ILITY INSURANCE (SECONDARY F ANCIALPROTECTION). NO INS RAN AFFO ED JO

.. QUATTROC HI VICE PRESIDENT-UNDERWRITING AMERICAN NUCLEAR INSURERS Endorsement No.

10

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t Nuclear Energy LiabilityInsurance NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION ENDORSEMENT TO CERTIFICATE NO.~~7 Forming Part of Master Policy No.

1 Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that Endorsement No.

9 attached to this Certificate is deleted and the following replaces that endorsement:

Effective 1.

Item 4. of this certificate is amended to read as follows:

Item 4.

(a)

Xdentification of rima financ~ial rotection applicable to the nuclear reactor and limit(s) of liability thereof:

(1)

Facility Form Policies (i)

Nuclear Energy Liability Insurance Association's Policy NF-266

$155,000,000 (ii)

Mutual Atomic Energy Liability Under-writers'olicy MF-116

.$ 45,000,000 (2)

Master Worker Policies (Facility Worker Form)

(i)

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1

$124/000g000 (ii)

Mutual Atomic Energy Liability Underwriters'aster Worker Policy MMWP-1 36'00'00 (b)

The following endorsements attached to the Facility Form policies identified in subsection (a)(1) above also apply to the insurance afforded by this Master Policy through this certificate as though they were attached hereto:

(1)

Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2)

Supplementary Endorsement Waiver of Defenses

Reactor Construction at the Facility.

(c)

Sharing of limit(s) of liability provided under the rimar financial rotection.

(1)

The limit of liability provided under each Facility Form

., policy identified in subsection (a)(1) above is shared among all nuclear reactors on the location described in Item 3

of the Declarations of such policy.

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(2)

The limit of liability provided under each Master Worker Policy (Facility Worker Form) identified in subsection (a)(2) above is shared among all insureds under all Certificates of Insurance issued to be a

part of the Master Worker Policies.

Only with respect to such insurance as is afforded under this certificate, the first paragraph of Condition 6,

PRIMARY FINANCIAL PROTECTION of the Master Policy Nuclear Energy Liability Insurance (Secondary Financial Protection),

is amended to read as follows:

Regardless of the nosher of policies or contracts of ~rimar financial rotection applicable to a nuclear

incident, the limit of (a) all Facility Form Policies identified in Item 4 (a)(i) of (1) this certificate or any other certificate having an endorsement similar, to this endorsement attached to it shall be deemed to be exhausted when the sums paid under, said policies are equal to the lesser of (i) the sum of the limit of liability under all such policies, or (ii) two hundred million dollars; (2) a certificate, other than this certificate or a

certificate which has a provision identical to (a)(1)

above, shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under said policies, or (ii) one hundred sixty million dollars; (b) all Master Worker Policies (Facility Worker Form) identified in Item 4(a)(2) of a certificate shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (1) the sum of the limit of liability available under all such Master Worker Policies, or (2) one hundred sixty million dollars plus the amount of all automatic reinstatements of the Policy Aggregate Limit under such policies.

To form a part of of Certificate No.

N-107 Effective Date of this Endorsement For the Su cribing Companies By General Manager 10 Countersigned by Se tember 1

1988 12:01 A.M. Standard Time Issued to et a1 THIS IS TO CERT CERTIITggFIIJT U(BER Blg TEO HEREON, FOR LIABIL Y INSURANCE (SECONDARY FINA IAL PROTECTION). NO INSURA CE S

FORDE BY COP JOHN UATTROCC VICE PRESIDENT-UNDERWRITING AMERICAN NUCLEAR INSURERS Endorsement No.

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Nuclear Energy LiabilityInsurance MUTUALATOMIC ENERGY LIABILITYUNDERWRITERS ENDORSEMENT TO CERTIFICATE NO. M-107 Forming Part of Master Policy No. l Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that Endorsement No.

9 attached to this Certificate is deleted and the following replaces that endorsement:

Effective Se tember 1, 1988, it is agreed that 1.

Item 4. of this certificate is amended to read as follows:

Item 4.

(a)

Identification of rimar financial rotection applicable to the nuclear reactor and limit(s) of liability thereof:

Facility Form Policies (i)

Nuclear Energy Liability Insurance Association's Policy NF-266

$155,000,000 (ii)

Mutual Atomic Energy Liability Under-writers'olicy MF-116 8 45,000,000 (2)

Master Worker Policies (Facility Worker Form)

(i)

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1

$ 124g000~000 (ii)

Mutual Atomic Energy Liability Underwriters'aster Worker Policy MMWP-1 36,000,000 C

(b)

The following endorsements attached to the Facility Form policies identified in subsection (a)(1) above also apply to the insurance afforded by this'aster Policy through this certificate as though they were attached hereto:

(1)

Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2)

Supplementary Endorsement Waiver of Defenses

Reactor Construction at the Facility.

(c)

Sharing of limit(s) of liability provided under the rimar financial rotection.

(1)

The limit of liability provided under each Facility Form policy identified in subsection (a)(1) above is shared among all nuclear reactors on the location described in Item 3

of the Declarations of such policy.

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(2)

The limit of liability provided under each Master Worker Policy (Facility Worker Form) identified in subsection (a)(2) above is shared 'mong all insureds under all Certificates of Insurance issued to be a

part, of the Master Worker Policies.

Regardless of the number of policies or contracts of gximax~

financial rotection applicable to a nuclear

incident, the limit of (a) all Facility Form Policies identified in Item 4 (a)(i) of (1) this certificate or any other certificate having an endorsement similar to this endorsement attached to it shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under all such policies, or (ii) two hundred million dollars; (2) a certificate, other than this certificate or a

certificate which has a provision identical to (a)(1)

above, shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under said policies, or (ii) one hundred sixty million dollars; (b) all Master Worker Policies (Facility Worker Form) identified in Item 4(a)(2) of a certificate shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (1) the sum of the limit of liability available under all such Master Worker Policies, or (2) one hundred sixty million dollars plus the amount of all automatic reinstatements of the Policy Aggregate Limit under such policies.

To form a part of Se tember 1,

1988 of Certificate No.

M-107 12:01 A.M. Standard Time Arizona Public Service Com an

, et al Effective Date of this Endorsement Issued to 2.

Only with respect to such insurance as is afforded under this FINANCIAL PROTECTION of the Master Policy Nuclear Energy Liability Insurance (Secondary Financial Protection),

is amended to read as follows:

ERWRITERS By

. s/W r7 Countersigned by Authorize'd Repr'esentative THIEF% @RIP HFORII/ALS b b

C CERTIFICATE, BEARING TI.IE NUMBER DESIGNATED HERRY, FtVP INSURANCE COVERAGE UNDER THE MA TER POLICY-NUCLEAR ENERGY LIABI.ITYINSURANCE (SECONDARY Fl NCIALPROTECKKP%) ATOMIC ENERGY LIABILITY INSU NCE~I.

FFORD JOH UARROCC VICE P SIDENT-UNDERWRITING AMEPig+t gggIIR QPURERS 10

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Nuclear Energy LiabilityInsurance MUTUALATOMIC ENERGY LIABILITYUNDERWRITERS ENDORSEMENT TO CERTIFICATE NO-H-107 Forming Part of Master Policy No. l Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that Endorsement No.

9 attached to this Certificate is deleted and the following replaces that endorsement:

Effective Se tember 1, 1988, it is agreed that 1.

Item 4. of this certificate is amended to read as follows:

Item 4.

(a)

Identification of rimar financial rotection applicable to the nuclear reactor and limit(s) of liability thereof:

Facility Form Policies (i)

Nuclear Energy Liability Insurance Association's Policy NF-266

$155,000,000 (ii)

Mutual Atomic Energy Liability Under-writers'olicy MF-116

$ 45,000,000 (2)

Master Worker Policies (Facility Worker Form)

(i)

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1

$ 124 I 000 I 000 (ii)

Mutual Atomic Energy Liability Underwriters'aster Worker Policy MMWP-1

$ 36 I 000 I 000 (b)

The following endorsements attached to the Facility Form policies identified in subsection (a)(1) above also apply to the insurance afforded by this Master Policy through this certificate as though they were attached hereto:

(1)

Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2)

Supplementary Endorsement Waiver of Defenses

Reactor Construction at. the Facility.

(c)

Sharing of limit(s) of liability provided under the rimar financial rotection.

(1)

The limit of liability provided under each Facil ity Form policy identified in subsection (a)(1) above is shared among all nuclear reactors on the location described in Item 3

of the Declarations of such policy.

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The limit of liahility provided under each Master Worker Policy (Facility Worker Form) identified in subsection (a)(2) above is shared among all insureds under all Certificates of Insurance issued to be a

part of the Master Worker Policies.

2.

Only with respect to such insurance as is afforded under this ce tificate, the first paragraph of Condition 6,

PRIMARY FINANCIAL PROTECTION of the Master Policy Nuclear Energy Liability Insurance (Secondary Financial Protection),

is amended to read as follows:

Regardless of the number of policies or contracts of primary financial rotection applicable to a'uclear

incident, the limit of (a) all Facility Form Policies identified in Item 4 (a)(i) of (1) this certificate or any other certificate having an endorsement similar to this endorsement attached to it shall be deemed to be exhausted when the sums paid under said policies are ecpxal to the lesser of (i) the sum of the limit of liability under all such policies, or (ii) two hundred million dollars; (2) a certificate, other than this cextificate or a

certificate which has a provision identical to (a)(1)

above, shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under said policies, or (ii) one hundred sixty million dollars; (b) all Master Worker Policies (Facility Worker Form) identified in Item 4(a)(2) of a certificate shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser-of (1) the sum of the limit of liability available under all such Master Worker Policies, or Effective Date of this Endorsement Issued to (2) one hundred sixty million dollars plus the amount of all automatic reinstatements of the Policy Aggregate Limit under such policies.

To form a part of Se tember 1,

1988 of Gertificate No.

N-10?

12:01 A.I1. Standard T)me Arizona Pub1ic Service Com an, et al ERNtITERS By Authoriz 6 Repr sentati THIS IS TO CERT ER DESIGNATED HEREBpppgie Subscribing Companies MAS ER POLiCY-NUCLEAR ENERGY INSURANCE COVERAGE UNDER THE

~Q ATONIC ENERGY LIABILITY LIABILTY INSURANCE (SECONDARY FIN CIAL PROTECTI INSUR/-HCE Qg4gOR B

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JOHN UATTROCCHI VICE PRESIDENT-UNDERV/RITING AMECSCQOWCLSN INSURERS

] 0 ountersigned by

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Nuclear Energy LlabllltyInsurance NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION ENDORSEMENT TO CERTIFICATE NO.~llt1 Forming Part of Master Policy No.

1 Nuclear Energy Liability Insurance (Secondary Financial Protection) is agreed that Endorsement No.

5 attached to this Certificate is deleted and the following replaces that endorsement:

Effective Se member 1

1988, it is agreed that 1.

Item 4. of this certificate is amended to read as follows:

Item 4.

(a)

Identification of prima financial rotection applicable to the nuclear reactor and limit(s) of liability thereof:

(1)

Facility Form Policies (i)

Nuclear Energy Liability Insurance Association's Policy NF-266

$155,000,000 (ii)

Mutual Atomic Energy Liability Under-writers'olicy MF-116

$ 45,000,000 (2)

Master Worker Policies (Facility Worker Form)

(i)

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1

$124,000,000 (ii)

Mutual Atomic Energy Liability Underwriters'aster Worker Policy MMWP-1

$ 36 I 000 g 000 (b)

(c)

The following endorsements attached to the Facility Form policies identified in subsection (a)(1) above also apply to the insurance afforded by this Master Policy through this certificate as though they were attached hereto:

(1)

Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2)

Supplementary Endorsement Waiver of Defenses Reactor Construction at the Facility.

Sharing of limit(s) of liability provided under the rimar financial rotection.

(1)

The limit of liability provided under each Facility Form policy identified in subsection (a)(1) above is shared among all nuclear reactors on the location described in Item 3

of the Declarations of such policy.

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The limit of liability provided under each Master Worker Policy (Facility Worker Form) identified in subsection (a)(2) above is shared among all insureds under all Certificates of Insurance issued to be a

part of the Master Worker Policies.

2.

Only with respect to such insurance as is afforded under this certificate, the first 'paragraph of Condition 6,

PRIMARY FINANCIAL PROTECTION of the Master Policy - Nuclear Energy Liability Insurance (Secondary Financial Protection),

is amended to read as follows:

Regardless of the number of policies or contracts of ~riser fi. ancial rotectio applicable to a nuclear

incident, the limit of (a) all Facility Form Policies identified in Item 4 (a)(i) of (1) this certificate or any other certificate having an endorsement similar to this endorsement attached to it shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under all such policies, or (ii) two hundred million dollars; (2) a certificate, other than this certificate or a

certificate which has, a provision identical to (a)(3,)

above, shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of.

(i) the sum of the limit of liability under said policies, or (ii) one hundred sixty million dollars; (b) all Master Worker Policies (Facility Worker Form) identified in Item 4(a)(2) of a certificate shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (1) the sum of the limit of liability available under all such Master Worker Policies, or (2) one hundred sixty million dollars plus the amount of all automatic reinstatements of the Policy Aggregate Limit under such policies.

Effective Date of this Endorsement To form a part of of Certificate No.

N-114 For the Su cribing Companies By General ager Y

Countersigned b

Se tember 1,

1988 12:Ol A.N. Standard Time Issued to Arizona Public Service Co n

t al THIS IS TO CERTIFY THAT THIS GEE!EClbTC, SEAQ5G TgeQSQER ESI ED HEREON, FOR INSURANCE COVERA i

-NUCLEAR ENERGY LIABI TY INSURANCE ( ECONDARY FI 'CIALPROTECTION). NO INSUR NCE~cO E

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JOHN UATTROCCHI VICE PRESIDENT-UNDERWRITING AMERICAN NUCLEAR INSURERS Endorsement No.

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Nuclear Energy LiabilityInsurance NUCLEAR ENERGY LIABILITYINSURANCE ASSOCIATION ENDORSEMENT TO CERTXEZCATE NO.~114 Forming Part of Master Policy No. l Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that Endorsement No.

5 attached to this Certificate is deleted and the following replaces that endorsement:

Effective Se tember 1

1988, it is agreed that 1.

Item 4. of this certificate is amended to read as follows:

Item 4.

(a)

Identification of rima financial rotection applicable to the nuclear reactor and limit(s) of liability thereof:

Facility Form Policies (i)

Nuclear Energy Liability Insurance Association's Policy NF-266

$155,000,000 (ii)

Mutual Atomic Energy Liability Under-

'riters'olicy MF-116

$ 45,000,000 (2)

Master Worker Policies (Facility Worker Form)

(i)

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1

$ 124 I 000'00 (ii)

Mutual Atomic Energy Liability Underwriters'aster Worker Policy MMWP-1 36,000,000 (b)

The following endorsements attached to the Facility Form policies identified in subsection (a)(1) above also apply to the insurance afforded by this Master'olicy through this certificate as though they were attached hereto:

(1)

Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2)

Supplementary Endorsement Waiver of Defenses

Reactor Construction at the Facility.

(c)

Sharing of limit(s) of liability provided under the rimar financial rotection.

(1)

The limit of liability provided under each Facility Form policy identified in subsection (a)(1) above is shared among all nuclear reactors on the location described in Item 3

of the Declarations of such policy.

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(2)

The limit of liability provided under each Master Worker Policy (Facility Worker Form) identified in subsection (a)(2) above is shared among all insureds under all Certificates of Insurance issued to be a

part of the Master Worker Policies.

2.

Only with respect to such insurance as 's afforded under this FINANCIAL PROTECTION of the Master Policy Nuclear Energy Liability Insurance (Secondary Financial Protection),

is amended to read as follows:

Regardless of the number of policies or contracts of primary financia rotectio applicable to a nuclear

incident, the limit of (a) all Facility Form Policies identified in Item 4 (a)(i) of (1) this certificate or any other certificate having an endorsement similar to this endorsement attached to it shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under all such policies, or (ii) two hundred million dollars; (2) a certificate, other than this certificate or a

certificate which has a provision identical to (a)(3,)

above, shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of.

(i) the sum of the limit of liability under said policies, or (ii) one hundred sixty million dollars; (b) all Master Worker Policies (Facility 'orker Form) identified in Item 4(a)(2) of a certificate shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (1) the sum of the limit of liability available under all such Master Worker Policies, or (2) one hundred sixty million dollars plus the amount of all aut:omatic reinstatements of the Policy Aggregate Limit. under such 'policies.

~o form a part of of Certificate No.

N-114 For the Su cribing Companies By Genera~l ager./~

Countersigned Effective Date of this Endorsement Se tember 1,

1988 12:01 A.M. Standard Time Issued to Arizona Public Service Com an

, et al v~~ THAT T 6 A UF

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OF THE ORIGINAL INSURANCE COVERAGE UNDER THE MA. TER POLICY-NUCLEAR ENERGY LIABI ITY INSURANCE (SECONDARY Fl '( NCIAL PROTECTION). NO INSU. NCE IS AFFORD

JOHh, I.

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OCC VICE P SIDENT-UNDERWRITING Nfg<fj)+g,gQAgJNSURERQ

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Nuclear Energy LiabilityInsurance MUTUALATOMIC ENERGY LIABILITYUNDERWRITERS ENDORSEMENT TO CERTIFICATE NO-M-114 Forming Part of Master Policy No. l Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that Endorsement No.

5 attached to this Cert'ficate is deleted and the following replaces that:

endorsement:

Effective 1

1988, it is agreed that 1.

Item 4. of this certificate is amended to read as follows:

Item 4.

(a)

Identification of rima 'inancial rot:ection applicable to the nuclear react:or and limit(s) of liability thereof:

Facility Form Policies (i)

Nuclear Energy Liability Insurance Association's Policy NF-266

$155,000,000 (ii)

Mutual Atomic Energy Liability Under-writers'olicy MF-116

$ 45,000,000 (2)

Master Worker Policies (Facility Worker Form)

(i)

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1

$ 124 I 000 I 000 (ii)

Mutual Atomic Energy Liability Underwriters'aster Worker Policy MMWP-1 36,000,000 (b)

The following endorsements attached to the Facility Form policies identified in subsection (a)(1) above also apply to the insurance afforded by this Master Policy through this certificate as though they were attached hereto:

(1)

Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2)

Supplementary Endorsement Waiver of Defenses

Reactor Construction at the Facility.

(c)

Sharing of limit(s) of liability provided under the rimar financial rotection.

(1)

The limit of li,'ability provided under each Facility Form policy identified in subsection (a)(l) above is shared among all nuclear reactors on the location described in Item 3

of the Declarations of such policy.

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I

gaf 2 The limit of liability provided under each Master Worker Policy (Facility Worker Form) identified in subsection (a)(2) above is shared among all insureds under all Certificates of Insurance issued to be a

part of the Master Worker Policies.

2.

Only with respect to such insurance as is afforded under this certificate, the first paragraph of Condition 6,

PRIMARY FINANCIAL PROTECTION of the Master Policy - Nuclear Energy Liability Insurance (Secondary Financial Protection),

is amended to read as follows:

Regardless of the number nf policies or contracts of g>~r.'mar financial rotection applicable to a nuclear

incident, the limit of (a) all Facility Form Policies identified in Item 4 (a)(i) of (1) this cextificate or any other certificate having an endorsement similar to this endorsement attached to it shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under all such policies, or (ii) two hundred million dollars; (2) a certificate, other than this

" certificate or a

cextificate which has a provision identical to (a)(1)

above, shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under said policies, or (ii) one hundred sixty million dollars; (b) all Master Worker Policies (Facility Worker Form) identified in Item 4(a)(2) of a certificate shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (1) the sum of the limit of liability available under all such Master Worker Policies, or Effective Date of this Endorsement Issued to (2) one hundred sixty million dollars plus the amount of all automatic reinstatements of the Policy Aggregate Limit under such policies.

To form a part of Se tember 1,

1988 of Certificate No.

M-114 12:01 A.M. Standard Time P

'ervice Cpm an et a1 Date of Issue 1988 THIS IS TO CERTIFY T i

I H@89QHSLSubscribing Companies CERTIFICATE, BEARING THE NUMBER DESIGNATED HEREON, FOR INSURANCE COVERAGE UNDER THE MAS ER POLICY-NUQ@gPgNglPjgyg ENERgy LZABZLZ~

LIABILTY INSURANCE {SECONDARY FIN CIAL PROTEClYQA). R INSUR CE,@ggfOR B

4

~ ~ i JOHN

. )UATTROCCHI By VICE PRESIDENT-UNDERV/RITING Countersigned by ERWRlTERS uthoriz d

Rep esentat'

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Nuclear Energy LiabilityInsurance MUTUALATOMIC ENERGY LIABILITYUNDERWRITERS ENDORSEMENT TO CERTIFICATE NO. N-ll4 Forming Part of Master policy No. I Nuclear Energy Liability Insurance (Secondary Financial Protection)

It is agreed that Endorsement.

No.

5 attached to this Ce tificate is deleted and the following replaces that endorsement:

Effective 1

1988, it is agreed that 1.

Item 4. of this certificate is amended to read as follows:

Item 4.

(a)

Identification of rima financial rotection applicable to the nuclear reactor and limit(s) of liability thereof:

Facility Form Policies (i)

Nuclear Energy Liability Insurance Association's Policy NF-266

$155,000,000 (ii)

Mutual Atomic Energy Liability Under-writers'olicy MF-116

$ 45/000/000 (2)

Master Worker Policies (Facility Worker Form)

(i)

Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1

$ 124 F 000 F 000 (ii)

Mutual Atomic Energy Liability Underwriters 'aster Worker Policy MMWP-1 3 6 F 000 F 000 (b)

(c)

The following endorsements attached to the Facility Form policies identified in subsection (a)(1) above also apply to the insurance afforded by this Master Policy through this certificate as though they were attached hereto:

(1)

Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2)

Supplementary Endorsement Waiver of Defenses

Reactor Construction at. the Facility.

Sharing of limit(s) of liability provided under the rimar financial rotection.

(1)

The limit of liability provided under each Facility Form policy identified in subsection (a)(1) above is shared among all nuclear reactors on the location described in Item 3

of the Declarations of such policy.

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(2 The limit of liability provided under each Master Worker Policy (Facility Worker Form) identified in subsection (a)(2) above is shared among all insureds unde all Certificates of Insurance issued to be a

part of the Master Worker Policies.

2.

Only with respect to such insurance as is afforded under this certificate, the first paragraph of Condition 6,

PRIMARY FINANCIAL PROTECTION of the Master Policy - Nuclear Energy Liability Insurance (Secondary Financial Protection),

is amended to read as follows:

Regardless of the number of policies or contracts of primaxXr financial rotection applicable to a nuclear

incident, the limit of (a) all Facility Form Policies identified in Item 4 (a)(i) of (1) this certificate or any other certificate having an endorsement similar to this endorsement attached to it shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under all such policies, or (ii) two hundred million dollars; (2) a certificate, other than this certificate or a

certificate which has a provision identical to (a)(1)

above, shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (i) the sum of the limit of liability under said policies, or (ii) one hundred sixty million dollars; (b) all Master Worker Policies (Facility Worker Form) identified in Item 4(a)(2) of a certificate shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of (1) the sum of the limit of liability available under all such Master Worker Policies, or I

Effective Date of this Endorsement Issued to (2) one hundred sixty million dollars plus the amount. of all automatic reinstatements of the Policy Aggregate Limit under such policies.

To form a part of Se tember 1,

1988 of Certificate No.

M-114 12:01 A.M. Standard Time P

'ervice Com an et al By Authori d Rep esentat Date, of Issue 1

1988 THIS IS TO CERTIFY THAT THIS IS A TRUE COPY OF THIFHQM'"Subscribing Companies CERTIFICATE, BEARING THE NUMBER DESIGNATED HEREON, FOR.

INSURANCE COVERAGE UNDER THE MASTFR POLICY-N

%PNXC ENERGY LIMILIA LIABI ITY INSURANCE (SECONDARY FIN NCIALPROTEC, 0

INSU] ANCE IS AFFORD 0 BY THIS CO JOH OA%0C l'k.'IRe)A~

VIC "

T-N RWRITING Countersigned by

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