ML19095A103
| ML19095A103 | |
| Person / Time | |
|---|---|
| Site: | Surry  |
| Issue date: | 09/06/1978 |
| From: | Proffitt W Virginia Electric & Power Co (VEPCO) |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| References | |
| Serial No. 478/081478 | |
| Download: ML19095A103 (3) | |
Text
e VIRGINIA. ELECTRIC.AND POWER COMP.A.NY RicBMoND, VrBGINU.. 23261 W. L. PROFFITT Sl!:NJOB VICE ~SXDE!n' September 6, 1978 Mr. Jerome Saltzman, Chief Anti trust & Indemnity Group Serial No. 478/081478 INS./SBF:bjo Office of Nuclear Reactor Regulation United States Nuclear Regulatory Docket No. 50-280 50-281 License No. DPR-32 DPR-37 Connnission Washington, D. C.
20555
Dear Mr. Saltzman:
We are retunring a signed and accepted copy of.Amendment Number 9 which is made a part of Indenmity Agreement Number B-45.
The request for the return of this document was contained in your letter of August 14, 1978 to Mr. Stanley Ragone's attention.
The.Amendment has been attached to and made part of the Indemnity Agreement which is on file in our Insurance Department.
Very truly yours,
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- w. L. Proffitt
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Docket Nos. 50-280 50-281 UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, D. C. 20555 September 6, 1978 AMENDMENT TO INDEMNITY AGREEMENT NO. 8-45 AMENDMENT NO. 9 Effective August 1, 1977, Indemnity Agreement No. 8-45, between Virginia E
1l ectri c and Power Company, and the Atomic Energy Cammi ss iori, dated August 11, 1970, as amended, is hereby further amended by adding a new Article VIII to read as follows:.
11ARTICLE VIII 11 l. If the licensee fails to pay assessed deferred premiums, the Commission reserves the right to pay those premiums on behalf of the licensee and* to recover the amount of such premiums from the licensee.
112.
The Commission shall require the immediate submission of financial statements. by those licensees who indicate, after an assessment*of the retrospective premium by the insurance pools, that they will not pay the assessment.
Such financial statements shall include, as a minimum, exhibits indicating internally generated funds from operations and accumulated retained earnings.
Subsequent submission of financial statements by,such licensees may be requested by the Commission, as required.
11 3.
If premiums are paid by the Commission as provided in paragraph l, payment by the Commission shall create a lien in the amount paid in favor of the United States upon all property and rights to property, whether real or personal, belonging to such licensee.
The lien shall arise at the time payment is.
made by the Commission and shall continue until the liability for the amount (or a judgment against the licensee arising out of such liability) is satisfied or becomes unenforceable.
The Commission will issue a certificate of release of any such lien if it finds that the liability for the amount has been fully satisfied or has become legally unenforceable.
e 114. If the Commission determines that the licensee is financially able to reimburse the Commission for a deferred premium payment made in its behalf, and the licensee, after notice of such determination by the Conunission fails to make such reimbursement within 120 days, the Commission will take appropriate steps to suspend the license for 30 days.
The* Commission may take any further action as necessary if reimbursement is not made within the 30-day suspension period including, but not limited to, termination of the operating license."
FOR THE UNITED STATES NUCLEAR REGULATORY COMMISSION
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Jerome Saltzman,. Chief Antitrust and Indemnity Group Office of Nuclear Reactor Regulation Accepted __
Se_.p_t~e_m_be"'""r_..;;,6......, ---'"""*, 1978 By~~~
VIRGINIA ELECTRIC AND POWER COMPANY