ML19259D236
| ML19259D236 | |
| Person / Time | |
|---|---|
| Site: | Point Beach  |
| Issue date: | 10/12/1979 |
| From: | Dundas W WISCONSIN ELECTRIC POWER CO. |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 7910170417 | |
| Download: ML19259D236 (3) | |
Text
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O WISCORSin Electnc m cwmr 231 W. MICHIGAN, P.O. BOX 2046. MitWAUKEE, WI 53201 Phone (414)277-3463 October 12, 1979 Str. Jerome Saltzman, Chief Antitrust 6 Indemnity Group Office of Nuclear Reactor Regulation United States Nuclear Regulatory Commission Washington, D.C.
20555
Dear Str. Saltzman:
Re:
1,mendment No. 10 to Indemnity Agreement B-41 Point Beach Nuclear Plant Enclosed is the duplicate original of Amendment No. 10 to Indemnity Agreement B-41 which has been signed by C. S. >fcNeer, President of Wisconsin Electric Power Company.
Very truly vours,
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&W Willi J. Dundas, Superintendent, Insurance and Claims WJD/km Encl.
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UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, D. C. 20555
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Docket Nos. 50-266 50-301 DUPLICATE ORIGINAL AMENDMENT TO INDEMNITY AGREEMENT N0. B-41 AMENDMENT NO. 10 Effective August 1,1977, Indemnity Agreement No. B-41, between Wisconsin Electric Power Company, and the Atomic Energy Commission, dated October 9, 1969, as amended, is hereby further amended by adding a new Article VIII to read as follows:
" ARTICLE VIII "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.
"2.
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 ',icensees may be requested by the Comission, as required.
"3.
If wemiums are paid by the Commission as provided in paragraph
', payment by the Commission shall create a lier, 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 pyment 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 catisfied 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.
I162 004
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,, "4.
If the Comission detennines that the licensee is financially able to reimburse the Comission for a deferred premium payment made in its behalf, and the licensee, after notice of such determination by the Comission fails to make such reimbursement within 120 days, the Comission will take appropriate steps to suspend the license for 30 days. The Comission 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 f
Jerome Saltzman, Chieff Antitrust and Indemnfty Group Office of Nuclear Reactor Regulation Accepted October 9,
, 1979 I
C By
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- ' I Cl L' L President WISCONSIN ELECTRIC POWER COMPANY 1162 005