ML19330A184
| ML19330A184 | |
| Person / Time | |
|---|---|
| Site: | Midland |
| Issue date: | 01/19/1978 |
| From: | Boris W CONSUMERS ENERGY CO. (FORMERLY CONSUMERS POWER CO.) |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8007150955 | |
| Download: ML19330A184 (5) | |
Text
{{#Wiki_filter:--- O 1 3 consumers RE 2 / m iy np m g g p e,l,,~ e,n i- . power company w,a w. General Offices: 212 West Michigen Avenue, Jackson, Michigen 49201
- Area Code 517 783-1111 January 19, 1978
.g s ,.i,.:. Ij'\\\\ < 's u. M.iy[e[] :. ISl8L v.s 3 3 v Mr. Jerome Saltz =an, Chief \\O m Antitrust & Indemnity Group Nuclear Reactor Regulation Nuclear Regulatory Co= mission Washin6 on, DC 20555 t
Dear Mr. Saltz =an:
Pursuant to the requirements of the Nuclear Regulatory C-4 ssion under the 1975 amendments to the Price-Anderson Act that nuclear plant licensees guarantee retrospective pre =iu=s following a nuclear incident, Consu=ers Power Company has elected to meet the guarantee requirements by entering into a letter of credit acree=ent with The Chase Manhattan Bank. The Com-pany has applied to The Chase Manhattan Bank for such letter of credit, copy of application for said letter of credit is attached. The Bank will foryard the letter cf credit to you in accordance vith arrangements pre-viously acceptable to you. Yours very truly, q[- J' W v' THIS DOCUMENT CONTAINS P00R QUAUTY PAGES po3/5 l 'l> -8007150ff,f g
APPLICATION FOR COMMr"!AL CREDIT I' ,', am:a-y 11, 1073
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vous enervocasts cascer stag "casesT") aspoLLows. The Nuclear Enerev Liability Insur.nc e As s ecis*in ,o,a,o, o, Ien MilliCM DcIlars (U.S.T up to tut aconssatt amouwv e, er onose or ano Consurers power Co Danv. 212 Vest Vi c h i e t-* Avea.Ue.J2ckson.'fich. ros accouset o, ....n.vu.e.aese s ~ieh+6 C avastaeLa av paarts at amawn af vous o* Tion on vou on ame, or voua .u v. es.. comerseogeante res % or vue i=voics vaLus==tm accompanito av rws roLLowine occumswve trou mav nowrvan. av voun oevion. wasva enastatsvio= or snartsi. DOCUMENTS REQUIRED AS INDICATED BY CHECK (X) coasmancias i=vo cts l sesesas cusvous.asvoice in nuevcats ] ""*', :=suma=c s eoucv os ca ntiricava g " " * ', " 'i sueamca covcaso er us two documents as spec 4#ied e-2--- 5-8 .4 4 $ 4 - ^ or,,t. e u.,,,. ..,................ou.....-...,.... from The Nuclear Enerev Liabilitr T-' n -i ca tee-cde-d.- Pvth art or *-eas scanoa ocsa= a:Los or Laoisse estari=o to swipwrwt ?' F eoaa s.a sans esa.e.. es.,, t.a..,c...,.,...., e omawn to omosa or T>at CMASE MANHAT"AN E.ANK. MA. maamass esemrv asovt accoww? pan *v est.arine to es.ois <=.a.s., .rhas esiaus 6. :s ra.e. e e ry. P.sa es.a ses iepew eos nscea. t To.sesse evet sarisse evo.e ser es,.sriew.ee e una ace.see.ot ea., e. ems wee t<s.e se =e is wsit,.e se es. ar seew.eas..a se evewirus. eid met se essasse.a e einer e sat eacwneas see+ea e as =.a sessr.ai,ee se ree. nee er sess nemmeas f saarts seust at seawn aseo mesofiatto me? Latta TseaDa "** Y*$Y
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I occciak esestnucTieses A/ M Iht $tt3 riff AP:!Iff.t CA t.92 ftV!r38 h!ftSt is 1..et:V 000! !!d We warrant that ao s*peatet istvolved in :Ns Accriutica is is vicJ' t.cn of U.S. Treasury fore.gm Assets Ccaffet er Odan Assats Goatroi ne utons f.,,,,,,,_,,,, ,,,.,... c__._,,, s.u.,, 212 '#e s t Michi:2. k.*e.. Ja c k s o n. 5 fic h i p. "' "'r * **t $8 t ** ' r"' "' M *" *** $ 5" "'t sad v3.ed4 tatt'Jitt C7 Of n tePJti Of 13e'A:ttutt' 8.**T. 0 M'a%$ ;% I.0,cecti.-* "i:e 7 esi d er. ....u........ ,,m. itwa rowow.=c,, to es s nacurto in us.... ca,.T., e.ce.6se e.s acnw=v..atv e AUTHORtL\\T!CN AFC AGRCEME.'47 OF A OCOt.'N r.'AR*W t 0: THE CHASE MANHCAN ":ANK. %A. se e m t'e et~,*.s :s..u 's v.o* n ' v.e'er.n'.~ o.rms :vt n ~* L~~st *
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UcSc$ 10,000,000o00 7 I a Af f $ DRAWN lit!.[UfGL E MU;,1 V. M A.. 50. b 'IM.WN UNDC2 TPf CHA*.E MAMetA!!AN BANK, N.A., N!W YORK, j CklOlf NO.
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AIR /dAll TO: T j [ The Euclear Energy Liability...,, - ' A /,'. l:- Incuranco Assccaatcon 6- / \\.
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.,,x -l niist reswho rm r.cous c% m cucir 70 r i sd.ts cur, f.c GENTLE /AEN: WE HEREBY AUTHOR!ZE YCU TO DRAW ON The Chase Manhat' tan Dank, N.A. New York, N.Y. BY ORDER CF XYZ Company .f '. ';f
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.g - ' ' AND FCR ACCOUNT CF XYZ Company' .~ UP TO AN AGGREGATE A/ACUNT OF TEN MILLION UNITED STATES DCLLARS ---------- ------ AVAILABLE 6Y YCUR DRAFiS AT Sight ACCC/APANIED EY (a) Your statement signed by an officer of your cocpany (indicating name and title) certifying that a nuclear reactor accident has occurred on (date) and that in accordance with provisions of The Pi-ice Andersen Act as a aanded by PL 94-197, :~1Z ccmpany has failed to pay to you within '60 days from data of your invoice their share of ptrospecuive pre.u.uma ,to enable you to satisfy certain assecsnents agreed upon by yourselres and the Nuclear Regulatory Commission in order for you to make apprcpri disbursement to respective clainants. (b) ' Copy of your unpaid invoice addressed to A?Z Company dated at least 60 days prior to tne cate of.your drawing. I* It is a further condition of this credit that tour invoice is not to exceed an amount of up to a maximum of 05,000,000.00 per accident SEE PAGE T.~.'O FOR FURTHER DETAILS '. DRAFTS MUST EE DRAWN AND NEGGT!ATED NOT UTER THAN one year frC2 date of issuance THE A/ACUNTS THEREOF /AUST EE ENDORSED ON THIS LETTER CF CREDIT. WE HERESY AGREE WITH TME CRAWERS, ENDCRSERS, AND BONA FIDE HCLOERS OF ALL DRAFTS DRAWN - - :.- UNCER AND IN CCMPLIANCE WITH THE TER/AS OF THIS CREDIT, THAT SUCH DRAFTS WILL EE DULY HONCRED UPCN PREEENTATICN TO THE D'tAWEE. , THIS CREDIT 'S SUOJECT TO THE UNIFORM CUSTOMS AND PRACTICE FCR DOCUMENTARY CREDITS (L^Cn19 7 ,.. ' REVISION), ;NTERNA!iCNAL CHAMSER OF COMMERCE ERCChURE NO. 2.22 290. i ~. 1..r. \\. ~, .YOURS.VERY TRULY,, ~ -- \\ +. ~~ i ./e s
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.gg y v (a) Your statement signed by an officer of your company (indicating nane and title) certifying that a nuclear reactor accident has occurred on (date) and that in in'accordance with provisions of The Price Anderson Act as amended by, "L 94-197, Consumers Power Company P has failed to pay to you within 60 days from date of your invoice their share of retrospective premiums to enable you to satisfy certain assessments agreed upon by yourselves and the Nuclear Regulatory Commission in order for you to make appropriate disbursement to re-spective claimants. (b) Copy of your unpaid invo' ice addressed to Consumers Power Company' dated at least 60 days prior to the date of your drawing. It is a further condition of this credit that your in-voice is not to exceed an amount of up to a maximum of $5,000,000.00 per ace'ident. o 6 e y i
4 REGULATORY INFORMATION DISTRIBUTION SYSTEM (RIDS) DISTRIBUTION FOR INCOMING MATERIAL 50-155/25 330 REC: SALTZMAN J ORG: BORIS W R DOCDATE: 01/19/78 NRC CONSUMERS PWR DATE RCVD: 01/23/78 DOCTYPE: LETTER NOTARIZED: NO COPIES RECEIVED
SUBJECT:
LTR 1 ENCL 1 FORWARDING LTR OF CREDIT AGREEMENT DTD 01/13/78 WITH THE CHASE MANHATTAN BANK, PURSUANT TO REQUIREMENTS OF NRC UNDER THE 1975 AMENDTS TO THE PRICE-ANDERSON ACT THAT NUC PLANT LICENSEE GUARANTEE RETROSPECTIVE PREMIUMS FOLLOWING A NUC ACCIDENT. PLANT NAME: BIG ROCK PT REVIEWER INITIAL: XJM PALISADES DISTRIBUTER INITIAL: MIDLAND - UNIT 1 MIDLAND - UNIT 2
- o++************* DISTRIBUTION OF THIS MATERIAL IS AS FOLLOWS ******************
INSURANCE: INDEMNITY / ENDORSEMENT AGREEMENTS (DISTRIBUTION CODE INTERNAL: REG FILE **W/ENGL NRC PDR**W/ ENCL INITZ~F65 ACTION **W/ ENCL H JORDAN **W/ ENCL EXTERNAL: LPDR'S CHARLEVOX, MI**W/O ENCL TIC **W/ ENCL NSIC**W/ ENCL ACRS CAT B**W/O ENCL l l l DISTRIBUTION: LTR 6 ENCL 6 CONTROL NBR: 780240038 SIZE: 1P+3P ++o*oo*******+<******************** THE END [N ' '- b, l I}}