ML18129A214

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American Nuclear Insurers - Notification of Change in the Number of Power Reactors in the Secondary Financial Protection (SFP) Program
ML18129A214
Person / Time
Site: San Onofre  Southern California Edison icon.png
Issue date: 04/23/2018
From: Uricchio G
American Nuclear Insurers
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML18129A214 (1)


Text

UNDERWRITING DEPARTMENT Gary S. Uricchio, CPCU, Senior Vice President April 23, 2018 MEMORANDUM TO OPERATING POWER REACTOR RISK MANAGERS AND THEIR BROKERS Notification of Change in the Number of Power Reactors in the Secondary Financial Protection (SFP) Program Further to my memorandum of April 11, 2018, we have been advised that the Nuclear Regulatory Commission has granted Southern California Edison Company an exemption on January 5, 2018, to remove the San Onofre Nuclear Generating Station, Units 2 and 3, from the Secondary Financial Protection (SFP) program. Per the request of Southern California Edison Company, American Nuclear Insurers has cancelled the San Onofre Nuclear Generating Station certificates for Units 2 and 3 under the SFP Master Policy effective the same date. As a result of this, the total number of participants in the SFP program has been reduced from 101 to 99.

The total amount of financial protection available for a nuclear incident is now $13,054,457,250*

which is determined as.follows:

Primar,y Limit: $450,000,000

~

T~tal Amount available under the SFP Program: $12,604,457,250**

  • Does not include any additional fut;1ds from foreign Convention on 1Supplementary. 1 Compensation for Nuclear Damage (tsc)'Con'tracting States. * * * *
    • Maximum retrospective premium is $127,317,750 per reactor which includes the 5%

additional assessment pursuant to 42 U.S.C.A. § 2210(o)(l)(E). $127,317,750 x 99 reactors=

$12,604,457,250.

If you have any questions, please do.n't h~*sitate fo contact m,e or your ace.aunt underwriter.

Regards,

~

,o: ....

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' .. .~ ; ' . . .

Gary S. Uricchio, CPCU Senior Vice President, Underwriting c: ,Nuclear Regulatory Commission - Document Control

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American Nuclear Insurers

  • 85 Glastonbury Blvd., Suite 3CO
  • Glastonbury, CT 030334453 guricchio@iuclearinsurance.com
  • Voice: [860) 682-1301 Ext.224
  • Fax: [860) 659UD2