ML20030A331

Annual Rept 1969,w/updated Financial Statements

ML20030A331
Person / Time
Site:	Palisades, Big Rock Point, Midland  File:Consumers Energy icon.png
Issue date:	12/31/1969
From:	CONSUMERS ENERGY CO. (FORMERLY CONSUMERS POWER CO.)
To:
References
NUDOCS 8101090281
Download: ML20030A331 (20)

Text

W..j.f. M-nNn

~ m x",.:

.,t.

h

~

v

.,,, ~.

.A.W.yr,@+ Mw+& N, y-3;,c[*.%eyg A:p:o n

..'e

~..

^.~

v ?:-

M.1 w %.

L 7

s.. -

%.p; hu n ::,.a, n w,%;q, v.%.s;G wfm..e,, y < s,,u w.

u c

2 Gr}3;;R Q Y &m.e & W p-;f. m+ a&

,7~. %., a. ~

4 xy,rt.m:g.K o ~p w.,m Ln'

- ~

4j A

<.w

" w.g,

,Y'v T V m >r ',-

m

.Y~?%3T& ?f

• k 'W,. -.$ T 1

d.W*

6..-~, w s% A u Ag p m.e;r n...y n w t.s e..

W.~ M. ~fDTI..Nf. N f. N M.M'I[N...M W W M M W p g.Q W m.,.

a'"

7*NN.

?-

-. QcK :,. y p p.m.: m e:@,; q-p a.

hM.>..h,4 scW. DN.

Q

-4,,,; s.f.. QQ;gpg,:

,~

wp.

. s -3.,...... e. w _w m.,. ~.u,

.3

+

s..# p w

..n;

• • l '

l

• f lf '

h*

s w

, 4.gf n 4 i W Q O'@ O@,h a.:.m Cc'.2., M k::,,v 4:g.r;.p y;..;g W.g;p;w.my;;c1.k.: n.:p, wN.w:

p.

MM W.t.".2.JbM.n@jY. g,%. +34Wa.M.,. ii.n*2.q;c$;%

,w. W.,. n.' W, M 6;M :e O :,:.(W.i~.,&,.

M

@.t'id f

& 2C E.1 A-W,< vd,% My. O p i m %. w H2 W. ?.". *. l..C. p,. ;i:.. \\.

'..c, ~

c

^

m J n$YY: e :,...

h*-

E

k. s' N'W.?.h$'f S "Y ^

• Yb -? O&

?A5 h ? S W f &y % Q V a O u Lt Y s0.. ? 1 W 7*

N N'. b

, m;r

-55.5 1 WkW8Y.?

s

'? W NWNWWWW

. UM&Wv '

$}b hhih%h2

. G,y C. & ;%.

G,...fi a.

..g. g,.'.,..

f'.QWQhf

.J iN

.$ - l Q. Q. c*bl...;,w*l.a &,

Af.&w. &;.NWhlCiM ~fisi$,.w.-M..*&.k;Q's.s

.w m.:l,

w.32'MQ:.Jg.

?G&h, W

""" ~ = = w. d"- C ~ E' "* "'. 3".Wi & r& % d.m.

.2,4,;

e 4.,w& u. m % n Q

.h.d %. tu ~.YM, f.

p a %.:a

,,...~?--

. n

-s m

.:sL;

' W N' -

j

&%?$b!PM&?:

7~~'323*&$ ' &.-...%,%. ~

120

~

h M M Q @: W,.j N

^

• W "- ~-- e mit twM. -. m.

.U mm,. c VF,l6 -

,r A.. M W E. ~a,

M

h. S*.A. Y.M.N. ~m:

e n..

Y.Q:,wp[w.k :

y r:...m Qf 50-155 - Consumers Power Company

. m.,sm.

u

@ og_2.Se.c e.r 1

.N'

. - y, ~w.

.... Q ';-

" ~

J%u -dfiRN.Q, d,-.}

gr69 Annua 1 Report with updated financial Ed""d"ri$ N" m

$# % m,

~

me

%**t W"~% K'

t., 'W TWRfp Y.. m. ',.,"

e statements w,. - %~ p.

. W s!** h*f**"O' NlD Y

e* ? ~ ~ ;cG.','y l p.-

.?.

M8N+k Deport applicable to 50-255. -329 and a_.

f;.qx.... +J a :.

-330 also) w

- r es.y g &,,

.4 n

~,

s ;

<. s.

.r, n...

s&n.u.a.::n u f'( ?

• '**'%T,'.'** #'*.*

?

e^

M.'

~.e.***

;* 4~~ i w,Z3 '. ~C '&$&dpW&q;,QK.w,,""- '*'***3='a-' " ' ^ 4_

^

.x v - -

.g_

}, K {$u*1 'l - Th. Ul

_.,; g M. 6 W,b "m'. -.

i' t-Jo

'a~ --+ - -

MN n-W +,.. - ~'.,

. >. d &.; c.

.;_.. ~.

5d4

- s e.%.

g [,

g x -3,y; 3_ - ;. ;< 7.,,

i-

.;.. y

.' g. g ;, -

>x

f g

. y. g.,,,. ; g....~. %.(

s t,. - 4.-.

-~:

me.;,-

,.g.

'D *. * *

• Seb

,:.. =,,. : :'. y' 4; ;

.;; w

1. t h'.,'

,a sk. + +,. w.,.,.w,..,.n.

. v..

,.,~.,s.a..

s.

p:

3

-,..'.. st.

6

,m z.

s a

4 e..

~ ^

_I _

..e m,

N

• 1..

• • E*

f * } * ? W ? a W W W A ?.v,'s b ' W f05 T.g',i.C._[ f%*** k ?$ U^_f 5',,;,%T::.& E **e I

r Y

?_D 'a*'

.j"f,% W W[% w,.y 2 M M M n % W+ W.%* 5.y.y% Q ~ ::9,s. k % % :.;..

Q*5

+:%

Wi:

g v.y M ~_K.- >M:. m...-:> a..a um.p.:p-* ;y..a;p.gd.yg.4.'**.*(U y. p yb,.4.' #f.+.f;,:g w

.~.. -

qSWWh...

'A)a u.-

~

.- ~

~ y,-

e.

' du.

,t,.*-Q ["**-[F *"g$=<# q.,pgy,**" %;,

S..ty

,.( p. g A,.

w u.,.,

s. 4.: s at tre m*

4w. w d- % w

.J **"N,

?

e d

- 2c m.3 m 3 3.

S. 4,. 7 c,,f n-p

~[ E *)

)

.I Y

A

• 7 )b,,,'

.$['

'O h

m e.. _-... w.,. #.-+...a. r. y.

4 o ?, ya k,,e s.#~..r. e.g. y<...x 3

s,t.

r.sa.4 s ~.

m, w, m.,

t.

s

..g-s: :.

, _; 1 lJ r -3Q > y E '. ?.3

• f..

..f. l i,,,, ' r,;?/ *e

q '. 4,, y\\

e )n.

n

. -,..x<.

a Y

'N

• l p* ^'p*

'f r tc. S,.b' '_%3 ';. =

jA, ; _

gr Y

• n>

.r.

- -. M ?*{$, 4 *, e% W'M Q.'4%":&.,. +

u.-

".;*p*% g.b'4 s M

.. y.a.

9,

' n.r O. d,.

• u ? *U-

• r 4

b--

Qe

?-Wu, % W.M,.. :,?*p R,2},),*

m.

$.lh *;s

. f hf?

f.r? }

n: ' )

5 s.

.~=-

c-

'$'y,5 n y..- x hsi'W ls& %m. m; s. l".A &,., 0 152 8^.';a&,,

,;L.';.&,~L 4,,,.;:.

a.

.x

w. w -.,$ Q; ? b' M.M. $x % c

~.

A.

5%*W Q a%: W !$*,% 3 y

, t.g'

.4 W

.e

+e n c

Q d., h :=; h,f. h. ;.r.a,'e.,f~,.,::.e p s v:..u..

, r s y.*~b.

&sfY.. '%.$Q &?&..t 5r$..'rWJ G. * @f.,,twh7d, e,ffP f m W

W t.* g 4

s r n.u:L

,A **J 2 " * &,7,W ?; *,?

.y

• yL.;-.

.n u

, v ih.e.,d, M[',N.F~,, bhM t"%. <

m.

.. s -

,o c

N..h $r 0:NL p. 4" V

• Y [ Ncz di2 D N N '.. c. 9, Y,,.< 3 G

a Ge q

Y;it N

m gy -

.w b : 9,

^

. ?

. [

8 @ n w n n, m T.c,-

w.. w. p/..M N M S W s G M - @ _ S s i m p:.~.p.p....y.,,,g n. w;,. g:

m

.n_n e

m& gg ",-

f;& ;h qq sua w 4

...?, s-t

..p < < w - /n,

• m'

.e,x-

. p [t*.

.-h*,,

j

@h

..&*-$f'{Q.?&byQb"' *&. J'.

5 k' %ep Wti...

O I

6 4

,M Y

. d & f. W'.,.

g e w$ $ a $ c$ ? w$ m. & e m& e m $ $ k r.

Q &,~.

&g T*

W W

$YNN?

• t mamw+%em b h h.N hh h.bhEhh'hh W[

m em u g p y w q g g.g~.p n~ g g y gg 4-s v.w.,, ~..

~

,e.

.e.e

5 ATIACIBENT A -

l

(

Consumers Power Company Statement of Source of Funds For Gross Property Additions FOR Int ilA43 [hDID DECtW8tR 31,1919 A%31968 Yl AR (CrD C(;(U61# 31 SOURCE OF FUNOS FOR GROSS PROPERTY ADDITIONS:

1969 1968 Earnings retained in the business:

Net income after dividends on preferred stock

$ 63.426.000 s 59.009.000 Less-Dmdends declared on common stock (quarterly decla ation formerly in December made in January.

1970) 32.446.000 43.137.000

$ 30.980.000

$ 15.872.0F0 Principal noncash charges: Depreciation and amortization-Per Statement of Income

$ 51.881.000

$ 48.825.000 Charged to other accounts 5,200.000 4.460.000 Deferred mcome taxes-net 10.962.000 9.901.000 Investment tax credit-net

__ 3.416.000 3.396.000

$ 71.459.000

$ 66.582.M_0 Financing: Sale of first mortgage bonds

$105.000,000 s110.000.000 Increase in notes payable 6.900.000 12.000.000 Retirement of bonds and preferred stock.

in accordance with terms of issuance (7,788.000)

(6.688.000) 7

$104.112.000

$115.312.000 Other: Change in net current assets and current liabilities

$ (2.171.000)

$ 5.862.000 Other 723.000 4.643.000

$ (1.448.000) s 10.505.000 GROSS PROPERTY ADDITIONS

$205.103.000

$208.271.000

( ) Denotes deduction.

The accornpanying notes are an integral part of this statement.

(

97Wo9474

A-2 L

i Statement of Income Consumers Power Company

' ICR lHE YEAAS f 40!D DECEMBER 31.1968 Ah31988 YEAR thDID DECIW8[R 31 1969 1968 OPERATING REVENUE:

Electric.

4307,999.678

$286.245.624 Gas.....

240,535.782 217.681.852 Steam 1.239.386 1.191.514 Total operating revenue.

$549,774.846

$505.118.990

' OPERATING EXPENSES AND TAXES:

Operation-Purchased and interchanged power

$ 13,530.397

$ 6.793.357 Fuel consumed in electric generation 59.091.019 56.128.706 Cost of gas sold 106,888,113 93.929.018 Other.

100.874.343

_ 89.834.470

' Total operation

$280,383,872

$246.685.551 Maintenance Depreciation and amortization (Note 4).

26,121,267 24.685.560 51,880.650 48.824.702 General taxes 37,058,195 31.767.807 Federal income taxes (Note 5) 41,022,326 49,260.385 State income taxes 4.071.324 4.859.454 Provision for deferred income taxes-net 10,962.051 9.901.486 Charge equivalent to investment tax credit-net 3.416.145 3.395,805 Total operating expenses and taxes.

$454.915,830

$419,380.750 Net operating income.

$ 94,859.016

$ 85.738.240

- 0THER INCOME:

Dividends from Michigan Gas Storage Company 1.350.000 1.029,375 Other.

1.540.087 1.318.981 Gross income

$ 97,749.103 s 88.086.596 INCOME DEDUCTIONS:

Interest on long term debt.

$ 35.956.150

$ 29.043.620 Interest on notes rayable...

2.685.912 998.123 Interest charged to construction (credit).

(8.421.485)

(4.891.483)

Other..

568.183 379.677 Totalincome deductions Net income..................

$ 30.788.760

$ 25.529.937 8 66,960.343 s 62.556.659 DMDENDS ON PREFERRED STOCK.

3,534.500 3.548.060 Net income after dividends on preferred stock

$ 63.425.843

$ 59.008.599 EARNINGS PER SHARE OF COMMON STOCK

(,

BASED ON AVERAGE SHARES OUTSTANDING (22,768.900 shares in 1969 and 22.670.777 shares in 1968)..

$2.79

$2.60 The accompanying notes are en integral part of this statement.

l A-3

'\\,

8 Balance Sheet j

n oscimein u.im noiws b

occtuun n Assets 1969 1968 UTillTY PLANT: At original cost-

$1.382.978.143

$1.253.093.250 Electric.

671.063.973 620.067.956 Gas...

4.793.492 4.287.566 Steam.....

52.164,195 46.633.978 Common to all departments..

$2.110.997.803. $1.924.082.750 Less-Provision for accrued depreciation....

468.021.841 427.774.321

$1.642.977.962

$1.496.308.429 OTHER PHYSICAL At cost or less-less provision for accrued depreciation PROPERTY:

of $100.586 in 1969 and $30.266 in 1968 2.774.295 2.920.831 INVESTMENTS: Common stock of wholly owned subsidianes. at cost-Michigan Gas Storage Company 8 16.205.186

$ 16.205.186 Northern Michigan Exploration Company 2,000.000 1.500.000 Other. at cost or less.

754.711

'76.795 4 18.959.897

$ 18.581.981 e

s CURRENT Cash...

$ 10.260,297 6 10.338.144 ASSETS:

Accounts receivable, less reserves of

$363.453 in 1969 and $365.600 in 1968 47.327.592 42,524.383 Materials and supplies, at average cost 43.185,091 34.580.535 Gas ir underground storage at average cost.

20,219.372 15.853.414 Other 19.190.426 15.412.063

$ 140.182.778

$ 118.708.539 DEFERRED Portion of cost of Big Rock Point Nuclear Plant.

DEBITS:

in process of amo tization....

2.464.044 3.776.044 Other 1.165.803 415.663 3.629.847 6

4.191.707

$1,808,524.779

$1.640.711.487 Thu accomparrying notes are an integral part of this statement.

._~ -

(

A-4 t

Consumers Power Company Dft!MBER 31 Liabilities 1969 1968 CAPITAllZATION: Common stockholders' equity-Common stock. $10 par value, authorized 25.000.000 shares, outstanding 22.768.900 shares Capitalin excess of par value (Note 6)

$ 227.689.000

$ 227.689.000 187,756.338 187.654.365 Retained earnings, of which $5.935.035 (equal to $7.50 per share of preferred stock) is not available for payment of cash dividends on common stock 156.482.642 125.503.192 8 571.927,980

$ 540.846.551 Less-Capital stock egense 3.201.380 3.203.150 Total common stockholders' equity

$ 568.726.600 s 537.643.401 i

Preferred stock, cumulative $100 par value, authorized 1.500.000 shares (Note 6).

79.133.800 79.533.800

$ 647.860.400

$ 617.177.207 Long. term debt (Note 7) 810.585.400 714.627.900 Total capitalization

$1.458.445.800

$1.331.805.107 NOTES PAYABLE: Notes payable due within one year

$ 42.900.000

$ 36.000.000 CURRENT LIABILITIES Current sinking fund requirement on long term debt 8

9.038.000 7.388.000 (excluding notes payable Accounts payable 64.462.226 52.651.947 due within one year): Accrued taxes 58.897.524 V 400.701 Accrued interest 12.574.704 11.290.952 Other.

11.814,942 20.692.433

$ 156.787.396 __$ 137.484.033 DEFERRED frr lent tax credit, being amortizei over life of the CREDITS:

related property 21.721.067

$ 18.304.922 Other.

2.494.756 4.297.183

$ 24,215.823 s 22.602.105 RESERVES: Deferred inccme taxes

$ 105,049.692

$ 94.087.641 l

Other 1.800.620 1.937.352

$ 106.850 312 3 96.024.993 l,

OTHER: Contributions in Aid of Construction..

$ 19.325.448

$ 16.795.249

$1.808.523.779

$1.640.711.487_

The accompanying notes are an integral part of this statement.

A-5 Statement of Retained Earnings Consumers Power Company FOR THE TEAR 5 E40E0 DECEMMR 31. INI A401968 YEAR E4DEO DECEMBER 31 1969 1968 RETAINED EARNINGS--Beginning of year

$125.503.192

$109.631.936 ADD-Net income after dividends on preferred stock..

63.425.843 59.008.599 4188.929.035

$168.640.533 DEDUCT-Cash dividends on common stock declared in the amount of $1.425 per share in 1969 and $1.90 per share in 1968 (quarterly declaration formerly in December made in January.1970); paid $1.90 per share in 1965 and 1968 32.446.393 43.137.343 RETAINED EARNINGS-End of year (see balance sheet).

$156.482.642

$125.503.192 The accompanying notes are an integral part of this statement.

To the Board of Directors.

Consumers Power Company:

We have examined the balance sheet of CONSUMERS POWER COMPANY (a Michigan corporation) as of December 31,1969, and the related statements of income, retained earnings and funds for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. We have previously examined and reported on the financial statements for the preceding year.

In our opinion, the financial statements referred to above present fairly the financial position of Consumers Power Company as of December 31.1969, and the results of its operations and source of funds for gross property additions for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year.

Detroit Michigan,

(

February 6.1970.

1&

-~

(

A-6 N tm ta tha Fir.a.161 Etittm:nta Corcuan2 PJw:r Camp.ny 1 sccaase of increased costs of doing busmess, rate increases were granted by the Michigan Public Service Commission (MPSC) by order of September 29.1969 (4 tach order has been appeated to the Ingham County Circuit Court by the Company and also by the Attamey General of the State of Michigan) to increase annual gas and electric revenues by $21.308.000 and

$16.514.000, respectively, based on 1968 sales volumes. Following hearings thereon. revised gas rates designed to produce i

the authorized additional gas revenues were approved bi an order of the MPSC on October 21,1969 (which order 'nas been appealed to the Ingham County Circut Court by the Attomey General) and became effecuve on October 22,1969 Revised electric rates designed to produce the authorized additional electne revenues became effecnve on October 22,1969. by coart -

order, pending heanngs thereon and determination thereof by the MPSC. Such heanngs were held on February 3 and 4,1970.

but no order has been issued to date. The revised electne rates are subject to refund to the extent the MPSC may modify l

or alter the rates et to the extent they exceed tne pnor rates ($2.600.000 through December 31.1969) if the court order is reversed by an appellate court. -

The Ingham County Circuit Court has also issued a temporary injunction staying a portion of the MPSC's order of September 29.

1969 which required the Company to reduce its revised gas and electne rates within 30 days of a reduction m or erpiration of the 10% Federalincome tax surcharge by the amount of the tax reducnon. As a result of the reducuan in the surcharge on and after January 30.1970 the reused gas and efectric rates are subject to refund. pendmg hearing on the Company's appeal of the.

MPSC's order, for the amount that the Compare (s rates would have been reduced under the pornon of the order which was stated.

2 The Company has a trusteed noncontnbutory pension plan under which full time regular employees within specified ags limits and periods of service are quahfied to pa ticipate. The contnbutions to the plan of $7.386.000 in 1969 and $6.749.000 m 1968 were charged to vancus operating.' construction and other accounts. The contnbutions include cvrent service costs.

interest on unfunded prior service costs and amoruzanon of pnar service costs. The unfunded pnor sennce cost at Jaly 1 1969 amounted to $3.772,000.

r 3 Capital expenditures for property addinons during 1970 are presently estdated to total $232.000.000 and substanna! com-

. mitments for the purchase of construcuan matenals have been made m connection therewith.

4 The Comcany fo!!ows the practice of providmg deprecianon on the basis of straight kne rates approved by the Michigan Pu'.iit Service Commission. Composite depreciation rates were approximately 2.85% for etertnc property and 3.20% for gas property.

for 1969 and 1968.-

i 4

5 Federalincome tax erpense for 1969 has been redaced by $2.500.000 (s.11 per share) represennng an adustment of mcome taxes provided in prior periods.

J aEDiprite gagsp 3:

m"i?ui 1969 1968 6 Preferred stock is represented by:

34.50 - 547.788 shares outstanding......

$110.00

$54.778.800 s54.778.800 54.52-147.550 shares outstanding. less 4.000 shares purchased in 1969 for retirement

$104.725 14.355.000 14.755.000

$4.16-100.000 shares outstanding

$103 25 10.000.000 10.000 000 l

Total preferred stock.

$79.133.800 579.533 800 The Company is reasiied to endeavor to purchase and retire annually 4.000 shares of the $4.52 preferred stock at a price per share not to exceed $102.725 plus accrued dmdends. Such purchases of preferred stock m 1969 resulted m a net gam of $101.973

{

which was credited to capi al m excess of par value, t

o 7 Long-term debt is represented by:

1969 1968 FirstMortgage Bonds-2%% Series due 1975 1

2%% Series due 1977

• 92.437.000

$ 98.450.000 24.775.000 24.775.000 3%% Series due 1981 39.000.000 39.700.000 3% Senes due IS84 4% Series due 19FS.

24.075.000 24.750.000 40.000.000 40.000 000 3X% Series due 1987.

25.000.000 25.000.000 W% Senes due 1997 246.000 246.000 4

4M% Series due 1988 40.000.000 40.000.000 4%% Series due 1989 35.000.000 35.000.000 3M% Series due 1990 30.000.000 30 000.000 4%% Series due 1990 35.000.000 35.000.000 4%% Series dae 1991.

40.000.000 40.000.000 5%% Series due 199S 59.560.000 59.560.000 6% Series due 1997.

79.400.000 79.400.000 6%% Series due 1998 55.000.000 55.000.000 6%% Series due 1998 55.000.000 55.000 000 7%% Series due 1999 50.000.000 l

P% St.-ies due 1999 55.000.000 i

Tota' First Mortgage Bonds....

$779.493.000 5681.881.000

' Sinking Fand Debentures. 4%% due 1994 40.000.000 40.000.000 5% 5.'attage Bonds due 1988, assumed upon acquisinon of Rogers City Power Company 130.400 134.900

. I,

$819.623.400

$722.015.900 1

Deduct-Current sinkmg fund requirement included in current liabilices:

First Mortgage Bends.

$ 8.438.000

$ 7.388.000 Sinking Fund Debentures.

600.000 l

$ 9.038.000 3 7.388.000 Total long-term debt

$810.585.400

$714.627.900 l

I l.

_._ ~,,_ _ _ -.

(

ATTACE S I B NUCLEAR ENERGY LIAS!UTY INSURANCE ASSOCIATION 85 John Street, New York, New York 10038 Nudear Energy Liability Policy No. Ni:--

179 (Facuity Form)

DCCtJaAY!ONS Item s. Named Insured Consumers Power Company 212 West Michigan Avenue, Jackson, Michigan 49201 Address (No.

Street Town or Cary State) 15th August 69 Item 2. Policy Period: Beginning at 12:01 A.M. on the day of

, 39

. and contina; hgh the efecdve date of the cancelation or termination of this policy. s:andard tic.e at the address of the named inse-d as stated herein.

Item 3. Descriptica of the FacH;ty:

The Auxiliary Building of the named insured's Palisades Plant which is g,,g,,

located it Covert Township on the southwestern side of Van Buren County, Michigan. Said Auxiliary Building is designated Building 3 on the attached copy of Bechtel Co=pany drawing, " Plot Plan-Figure II-2".

Type <

Power Reactor The Operator of the facuiry is Consumers Power Cc:'pany Item 4. The lirr.it of the companies' liabHiry is $

1,000,000 seject to sit the terms of this p: icy having reference cercto.

100.00 2 tem 3. Advance Premium $

2 tem 6. These dedarations and the schedules forming a part hereof give a complete description of the facility, insofar as it relates to the oudear energy hazard, except as noted no en eptions

~

P00R ORIGINAL 9

Date of Issue 19 Countersigned by

/

b%

Authorized Representative G

C A-

\\

This is to cortify t'.st this h a.r=-

o, is a true copy of the oriCinal "- N b # M.4 C 5 -.s Mrt Iof H clea: Enorgy Liability Policy (Facility Form) No. NF / 2 f.-- -

insu{a[ /M/l is afford he eunder.

[eip/

sudea, E,rgy I.:aairy Policy (es<uier orm> 2/2/37 (second aevision)

Ju r

tauuu, ;;u u.z u ca s, i.iu h.I u..A. o u s,

f B-2 is j

l-i>

a ]

i*

l l

(

l

=

A,a l

l a

i.

=

=

a'

=

m; s

j ns 1

f

(

l e/

l (/ s F'd g

+

i

• • • , )

i i

h t.

x Y

t_

a

(

)g)/

g.. -

N I

II 3

. mmm.

/

l l l l

if, r..=. Dl 'M-)

/

2n u.A:=.o

~

~

g; ss I b

.......... _.1

~

x l

. x.'.,

_. 2. y ' - w > +

~

Ax.

00R ORIGlHf

&, @. ' ;M,

~

l),_f1,f. m. l'f./_

..e.

.n

..p 3

. l.- :l_ ID

,.,x 4

iNkgh$j? /

f3 y

f

~

8 - ! Mph,)qA' j "'M~"

.c

, i.g y.'%/

/

j

/

QS -

j j

g

/;l. '/

/j/

..us..,,.~1 con $UM[t, FQWER COMPANY

{

k lf

/

PLOT PLAN 7'" '

~

l!

.i

gfh7, 593s lricunt II-2 i_,. - i i

i i

i i

i i

5 B-3

G

a ;.:....;j. ~....j.....u. a

(

NUCLEAR ENERGY LIAGluT'i IN.SURANC3 ASSOCIATION Address of Nucient Enerev Liability Insurance Association Endorsement It is agreed that the adress of the Nuclear Energy Liability Insurance Association appearing in the "Cor.pany Representation" condition of the policy is ar.cnded to read:

"8L John Street, New York, New York 10036" Chic ic to cortii/ O af, cis Eddorso: cat go, / -

is a truo copy of

^

ito cricinal E. dor::om*. !Jo.

/

vade a pcrt of Neclear Enorcy Liability lo,.:c (Faojlit; Pc:c.) ;b. NF- / I

. No insuranco is afforded hereur.dr.

/

'"M

\\

i Joseph Marrone, Nuc. Energy Liab. Ins. Assoc P00R ORIGINAL '

Efective Date of this Endorsemen, August 15, 1969 To form a pan of Policy No NF-170 12:0a A.M. Standara Tarne issued se Consumers Power Company For se saurEng com,w.'a Dass of Issue August 20, 1969

(

sy A.

.wW

/

General Manger Endotiereen: No 1

Countersigned by

,... b= 'P C N 8'Ido%

i B-b Nuclocr Snorgy Licb; ity Insurance NUCLEAR 2N22G'l LIAClll'.Y INSURANCE ASSOCIATION Amendment of Condition 4 Endorsement It is agreed that with respect to bodily injury or property damage caused after the effective date of this endorsement by the nuclear energy hazard the figure.$46,500,000 stated in Condition 4 of the policy is amended to read $63,550,000.

1 i

• s a trGO Copy Cf t,+ **M g Indcrt020nt No.--

This is to cc

..e.,

,,2 rado a pe.rt of hacicar Energy L,,,.,,,,,l 6.

o incuranco in afforded hercc C, T.

tho oric,inal CadJrson nt ik,-

Policy (Facilf ty Form) th. oc / '/#/

n MMW

}'o eph Marrong,Nuc. Energy Liab. Ins. Assoc.

L P00R ORIGINAL Efective Date of August 15, 1969 NF-179 in Indonmen, To fa a pm of PoQ No 12:01 A.M. Standard Tur.c Consumers Power Company Iuued,,

August 20, 1969 py,,f3,,,

i For the subscribing companies Y 's

1. 1 WO By Gederal Manager 2

Endouemes.t No

..,.,,.s

(

B-5 Nt:cic:: G.wrcy Li:'o!!!.'y ist:r:r.co

(

NUCLEAR ENERGY L!A3;Li*iY INSURANCE ASSOCIATION INDUSTRY C2E327 2A7.7XG PLAN PREM!UM EXOORSEMENT It is agreed that Condition I of the policy is replaced by the following:

CONDITION 1. PREMIUM (1) Definitions: With reference to the prc=ium for this policy:

" advance premium", for any calendu year, is the estimated standard premium for that calendar year;

" standard premium", for any calendu year, is the premium for that calendar year ccmputed in accordance with the compr.nics' rules, rates, rating plans (other than the Industrv ^redit Rating Plan), premiums ar.d minimum premiums applicable to this insurance;

" reserve premiam" means that portion of the standard premium paid to the companics and sp::iScally allocated under tha Industry Cr:dit Ra:ing Pha for incurred losscs. The amount of the " reserve premium" for this policy for any calendar year during which this policy is in force is the amount designated ns such in the Standard Premium' Endorsement for that calendar yen;

" industry reserve premium", for any calendat year,is the sum of the reserve premiums for that calendar year for all Nuclear Energy Liability Po!!cies issued by Nuclear Energy Lisbuity Insur:nce Association and Mutual Atomic Energy Liability Underwriters and subject to the Industry Credit Rating Phn;

" policy refund ratio", for any calendar year, is the ratio of the named insured's reserve pre-mium for that calendar yeu to the industry reserve premium for that calendar yest;

" incurred losses" means the sum of.

(1) alllosses and expenses paid by Nuclear Energy Liability Insurance Association and Mu-tual Atomic Energy Liability Underwriters, and (2) all reserves for unpaid losses and expenses as estimated *,..uclear Energy Liability In-surance Association and Mutual Atomic Energy Liabaty Underwriters because of obligations assumed and the expenses incurred in connection with such obligations by members of Nucl:ar Energy Liability Insurance Association and Mutual Atomic Energy Liability Unde: writers under all Nuc!cu Energy Liability Policies issued by Nuclear Energy Liability Insurance Asso:iation and Mutual Atomic Energy Liability Underwriters and sub-ject to the Industry Credit Rating Plan;

" reserve for refunds", at the end of any calendar year, is the amount by which (1) tie sum of allindustry reserve premiums for the period from January 1,1957 through the end of such calendar year exceeds (2) the total for the same period of (a) allir. curred losses, valued as of the next following July 1, and (b) all reserve premium refunds made under the Industry Credit Rating Plan by members of Nuclear Energy Liability Insurance Association and Mutual Atomic Energy Liability Underwriters;

" industry reserve premium refund", for any calendar year, is determined by multiplying the reserve for refunds at the end of the ninth calendar year thereafter by*the ratio of the indus-try rcscrve premium for the calendar year for which the premium refund is being determined to the sum of such amount and the totalindustry reserve premiums for the next nine calendar years thereafter, provided that the industry reserve premium refund for any calendar year shall in no event be greater than the industry reserve premium for such ca?endar year.

(2) Payment of Advance andStandard Premiums The nam:d insured shall pay the companies the advance premium stated in the declarations, for the period from the :ffective date of this policy through December 31 following. Ther:after, at the beginning of each calendar year while this policy is in force, the nam:d insured shall pay the advance premium for such year to the companies. The advance premium for each calendar year shall be stated in the Advance Pre.

mium En. dor ement for such calendu year issued to the named insured as soon as practicab:e prior to or after the beginning of such year.

..a n..

(

B-6 Nucicer Er.cigy Lid"My !r,::urer.co NUCLEAR ENERGY L!AE LITY INSUM,NCE ASSOC!ATION As soon as practicab!c after each Deceraber 31 and after the termination of this policy, ce standard premium for the preceding calendar year shall be finally determined and stated in the Standard Premium Endorscracnt for that calendar year. If the standard pecmium so determined exceeds the advance premium previously paid for such calcadar year, the named insured shall pay the excess to the companies; if less, the companics shall return to the named insured the excess pordon paid by such insured.

/

The named insured shdl maintain records of the information necessary for premium computa-tion and shall send copics of such records to.he companies as directed, at the end of each cal-endar year, at the end of the policy period and at such other times during W?po' icy period as the company may direct.

(3) Use of Reserve Premiums All reserve premiums paid or p.yab!c for this po!!cy may be used by the members of Nuclear Energy Liabi:ity Insurance Association to discharge their obligations with respect to incurred losses whether such losses are incurred under this po!!cy or under any other policy issued by Nuc! car Energy Liability Insurance Association or Mutual Atomic Energy Liability Underwriters.

(4) Reserve Premium Refunds A pattion of the reserve prcmium for this policy for the first cd-endar year of any group of ten consecutive ca!ende. years sha!! be returnabic to the named in-sured provided there i:. a rescrvc for refunds at the end of the tenth cdendar year.

(5) Computa:!on of Reserve Premium Refunds The tcs.r c prcmium rclund due the name insured for any calendar year shall be dctermincd by multiplying nay indus:ry reserve premium refur.d for such calendar year by the policy refund ratio for such ca cndar year. The ecserve pre-mium refund for any cdendar year sh:,11 be final:y determined as soon as pracdcab e after Ju:y 1 of the tenth calendar year thereafter.

(6) Final Premium The find premium for this policy shall be the sum of the standard pren.'ums for each calendar year, or portion thereof, during which this policy remains in force a s the sum of all refunds of reserve premiums due the named insured under the provisions o.

this Condition 1.

(7) Reserve Premium Refund A,creement Each member of Nuclear Energy I.iabiity Insurance Association subscribing this policy for any cdendar year, or portion thereof, thereby agrees for itscif, severally and act jointly, and m the respcetive proportion of its liability assumed under this policy for that cdendar year, to return to the named insured that portion of any reserve premium refund due the named insured for that calendar year, determined in accord-ance with the provisions of this Conditioa 1.

This is to cortify that this Endorsenent No tho ori,im.1 CCornonant No - 3 t

-d Policy (Facility Form) No. NF /'7 i

'= r E" #0Y bi"D111t7 o innurarG 4 ifforded hereunder.

ETective Date of f

this Endorsement August 15, 1969 To form a part of P IIcy No.

h'-179 12:01 A.M. Standard Time j

hsued to Consumers Power Company

{

Date of Issue Apeust:. 20.. M01-For the subscribing companics Y

n,27 m~:cu s

Joseph Marrone, Nuc. Energy Liab. Ins. Assoc.

[ / General Mana;ct

(

Endorsement No..

_3._ _.-_.

Countersi;ncd by Cs.st pass a P00R ORIGINAL

i B-7 Nacicc: E cq;y Lichiby in,uranco NUCLEAR ENERGY L A3:1:TY !NSU2ANCE ASSOCIATION A3IENDATORY ENDORSEMENT (Facility Form)

P00R ORIGINAL It is agreed that:

L The first sentence of the dennition of nuc! car facility is amended to read:

" nuclear facility" means "the facility" as denned in any Nuclear Energy Liabi'.ity Policy (Facility Form) issued by Nuc! car Energy Liability In.surance Association or by SIutual Atomic Energy Liability Underwriters.

IL The dennition of "indemnined nuclear facility" is replaced by the following:

"indemnined nucler.r facility" means (1) "the facility" as defined in any Nuc! car Energy Liability Policy (Facility Form) issued by Nuclear Energy Liability Insurance Association or by 31utual Atomic Energy Liability Un ferwriters, or (2) any other nuc! car facility, if financial protection is requir'ed pursuant to the Atomic Ene.gy Act of 1954, or any law amendatory thereof, with respect to any activities or operations conducted thereat; IIL Condition 4 is replaced by the following:

LIhI1TATION OF LIABILITY; CO313 ION OCOURRENCE Any occur-rence or series of occurrences resulting in bodily injury or property damage arising out of the radioactive, toxic, explosive or other hazardous properties of (a) nuclear material diseharged or dispersed from the facility over a period of days, weeks, months or longer and also arising out of, such properties of other nuclear material so discharged or dts.

persed from one or more other nuclear facilities insured under any Nuclear Energy Liability Policy (Facility Form) issued by Nuclear Energy Liability Insurance Association, or (b) source material, special nuclear material, spent fuel or waste in the course of transportation for which insurance is afiorded under this policy and also arising out of such properties of other source material, special nuclear material, spent fuel or waste in the courso of transportation for which insurance is afTorded under one or more other Nuclear Energy Liability Policies (Facility Form) issued by Nucicar Energy Liability Insurance Association, shall be deemed to be a common occurrence resulting in bodily injury or property damage caused by the nuclear energy hazard.

With respect to such bodily injury and property damage (1) the i

total aggregr.te liability of the members of Nuclear Energy Liability Insurance Association under all Nuc1 car Enorgy Liability Policies (Pacility Wrm). Inclu line this nnlicy. t.nr.1Icable to auch ct,mmor.

u B-8 occurrence shall bs.he sum of the limits of liability of all such policies, the limit of liability of each such policy being as determined by Condi-tion 3 thereof, but in no event sh:.ll such total aggregate liability of such members exceed $46,500,000; (2) the total liability of the com-pan.cs under this policy shall not exceed that proportion of the total aggregate liability of the members of Nuclear Energy Liability Insurance Association, as stated in clause (1) above, which (a) the limit of liability of this policy, as determined by Condition 3, bears to

. (b) the sum of the limits of liability of all such policies issucd by such members, the limit of liability of each such policy being as determined by Condition 3 thereof.

The provisions of this condition shall not operate to increase the limi: of the companies' liability under this policy.

IV. The second paragraph of Condition 12 "Other Insurance" is amended.

to read:

"If the insured has other valid and collectible insurance (other than such concurrent insurance or any other nuc! car energy liability insurance issued by Nuclear Energy Liability Insurance Associa-tion or Mutual Atomic Energy Liability Underwriters to any person or organization) applicabic to loss or expense covered by this po!!cy, the insuranco aCorded by this policy shall be excess insur-ance over such other insurance; provided, with respect to any person *no is not employed at and in connection with the facility, such insurance as is acorded by this policy for bodily injury to an employee of the insured arising out of and in the course of his employment shall be primary insurance under such other insurance."

00RORI

'"*" ^" *o certif*' that this doreenent No, is a truo copy of

..m

..-,o

• pcrt of Nuclor.r Energy Liability (59 original Endorasa nt No j

der.

Iclicy (Facility Forn) No.

r I

/f Josef Marrone, Nuclear Energy Liab. Ins. Asso, IJecthe D4:e of e It.knemen, Aunust 15. 1969 To ic.m a pan of Policy No N1'-179 12:01 A.M. Standard T.me Consumers Power Company 3,,g August 20, 1969 yo, the. b c,; bins companies Da iluut By N

General Manager 4

I.Vo.m er.: N^

C3uccessigned by

..w..

B-9

\\

... w

.%CC/a IN.ixGY L;.M: iTY AJ.mNCd ASSOC.A7]CN

(-

Wcivir of C fon:as Endorsement (Extr:.cidiacry Nuc: ace Occurrenca)

(FAC!LlTY.cCIM)

The ncmcd it.surad, ccting for him:cif cr.d avary other insurod under the p!!cy, cnd the members of

.Muc!ccr Ic. orgy Licoility Insurcnce As:sciction cdeo cs follows:

1. With raspct to cny extrc.xdincry r.uclect o 2ueranca to which the policy app!!es cs prco! cf fincncici protection enc: which (c) Arises out of or results frs: or occurs in the cou se of the construction, posse.sion, cr oparction of the facility, or (s) Arises out of or results from or occurs in the course of the trcnspod:.ria.i af nec!ce. meterici to or from the fccility, a

the insurca and the companies cg raa to wcive (1) cny issue or defensa cs to the conduct of the cicimore or the fc.a c.

.-.... 6 including, but not limitad to:

hhh hhlhlHll (i) negligance, (ii) contributory negligancc, U w El U ele U E L

u f...

.3

( 4) ossumpt. son or rasa, cc.d I v)' unforescacblo intervanin; ccuse:, whether involving the conduct of a third person, or an act of Gcd,

($ cr.y issea or defensa es to charitoble cr govern:r. ental immunity, cnd

(@ any issx or cefer.se bc:ad on any stcturc of limitations i;' suit is insti6r:.d witnir.

. ree yacts troC. r..O C.cte on %r..cn t.g~.e clo..T.c.*: r.rst K, new, of r6csoncony Cow.i

'CVe /.r.:. c of.-;s bod!!y ing y cr preparty dcmage cr.d the ccusc thoroof, but ir, no ev+.nr..ccc s.cr.

.s.

yacts c?;er the U.ta of the..uciccr incident.

.n. wc.ive. or cny r.ucn.ssuc or dar.ensa sacll be er..rective regorcless or. wnerner sucn sas a cr ce:wr.g

.T.cy ctharwisa be dacmed D.risdictict.c' 0: teIcting to cn clemoit in the ccusc of ccticr..

2.

The waivers at fonh *n j;cr:grcph l. chovc do not cpply to (c) Sodily injury or property d:mc c whica is intentionclly sosicined by t..c ciciencnt or which results from c nuc ccr incidar.f ir.tentioncily and wrongfully caused by the c!cimcar; (b) Bodily injury sustained bycny c!ciment who is employec' c; the site of cnd in connection with the activity where tha extrcordincry nuclear occurrence tckes place if bar.afits therefor are either pcychla c. recuind to be provided under any workmen's com-pensction or occupctional disease icw; (over)

(

B-10 (c) Any claim for punitive or excmp; cry domcges, provided, wish respect to any claim l

{

for wrongful death under any State Icw which providas for demoges only punitive in nature, this exclusion does not opply to the extent that the claimant has sustained octual demoges, measured by the pecuniary injuries resulting from such death but not to exceed ti mcximum cmount otherwise recoverable under such law.

3. The wcivers set forth in parogroph 1. above shall bo effective only with respect to bodily injury or property demoge to which the policy applies under its terms other than this endorsement.

Such waivers shall not opply to, or prejudice the prosecution or defense of any c!cim or porrion of claim which is not within the protection afforded under (1) Tne provisions of the policy applicable to the financial protection required of the ncmed insured, (2) The agreement of indemnification between the named i:.. red and the Atemic Energy Commissi n mcda pursuant to section 170 of the Atomic Energy Act of 1954, os cmended, cnd (5) The limit of lichility provisions of subsection 170 e. of the Atomic Energy Act oi1954, as cmendad.

Such waivers shall not preclude o defense based upon the failure of the clainkont to tcke reosonchie steps to mitigate dcmoges.

4.

Subject to all of the limitctions s cted in this endorsement and in the Atomic Energy Act of 1954, os cmendad, the waivers set forthdn paragraph 1. obove shall be judicially enforcecble in accordonce with their terms oscinst cny insured in on action to recover demoges because of bodily injury or property damage to which the policy applies os proof of financial protection.

5. As used herein:

"Extraorjinary nuclear occurrence" means on event which the Atomic Energy Commission has de-tennined to be on extnordinary nuclear occurrence os defined in the Atomic Energy Act of 1954, os cmended.

"Fincncial protection" and " nuclear incident" have the meanings given them in the Atomic Energy Act of 1954, as cmended.

"C!ciment" means the person or organization ccivolly sustaining the bodify injury or property demcse and clso includes his assignees, legal representatives and other persons u organizations entitled to bring on action for demoges on account of such injury or domoge.

NIeLl, August 15, 1969

.ro form a part of PoHg &

NE~I79 s2:01 A.M. Standard Time Consumers Power Company gp For thc 5dset:bLy;Compades August 20, 1969 I

/

.% is to certify t' tat this Enderettant No.-

is ho original Endorsonsat No.

I mad,g pe.rt h W

.olicy (Facility Fora) No. NF /7 6

. go Q g f.3 g.jg gg %,

s

~_n

-n n

~. n

i B-11 NL'C;2A2 2X2.M'.' CA. ;Tl NL;C'l (?AC::.;TI. CRM)

(

AMENDMENT O.: TRANSPORTATION COVERAGE (Indemnified Nuc! oar Facility)

It is agreed that the de6nition of " insured shipment" in Insuring Agreement IIIis amended to read:

"isfarcJ Jhipment" means a shipment of source material, special nuc! car materh!, spent fuel or waste, herein called "materal," (1) to the faci;.ty from any location except an indemni5ed nuc; ear facility, but only if the transportation of the material is not by predetermination to be interrupted by removal of the materh! from a transporting conveyance for any purpose other than the continuation of its transportat;on, or (2) from the fac;Iity to any other location, but only until the rnaterh1 h removed from a transponing conveyance for any purpose ornet than the continaatica of its trar.sponation."

P00R ORIGINAL This is to certify that this Inforsement No.

tho ori:;inal Eadorso: sat No.

4 is a true copy of

_ ade a part of Nuclear Enorgy Liabili'7 Policy (Facility Fora) No. NF / '#

No insure.nce is afforded hereund0 2 I

L

/

Joseph.Drrong,Nucl. Energy Liab. Ins. Assoc 4

I'iectin Date of Augus: 15, 1969 NF-179 this Endorsemen' To form a part of Policy No Consumers Power Company 1

Isssed to j

August 20, 1969 Date of Issue For the Subscribing Companies i

r By N

6 General Manager Endorsement No Counternigned by

f

(

B-12 Nuclear Energy Liability insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION

(

1) ADVANCE PREMlUM AND STANDARD PREMlUM ENDORSEMENT

2) CHANGES IN SUBSCRIBING L 3MPANIES AND IN THEIR PROPORTIONATE LIABILITY ENDORSEMENT Calendor Year 1970 lo.

ADVANCE PREMlUM: it is agreed th::t the Advance Premium due the companies for the period designated above is:

$ 100.00 b.

STANDARD FREMlUM AND RESERVE PREA*lM: In the obsence of a change in the Advance Premium indicated above, it is og e7that, subject to the provisions of the industry Credit Rating Plon, the Standard Premium is said Advance Premium and the Reserve Piemium is:

67.00 2.

It is agreed th;. with respect to bodily injury or property domoge caused, during the effective period of this endorsement, by the nuclear energy hozord:

The word " companies" wherever used in the policy means the subscribing a.

componias listed on the reverse side of this endorsement,

b. The policy shall be binding on such companies only.

Each such company shall be liable only for its proportion of any obligation c.

assumed or expense incurred under the policy because of such bodily injury or property domoge os designated on the reverse side of this endorsement.

3.

It 12 ogreed that the effective period of this endorsement is to the close of December 31 of the Calendor Year designated in the caption eBove, or to the time of f i termination or concelation of the policy, if sooner.

(over)

Efective Date of NF-179 January 1,1970

.ro form a pan of Polh No o.: Endor,,,,

12:01 A.M. Standard Tarue Issued so Consumers Power Strya.nj For & WrW om%

Date of Issue Nmemhar 15. 1960 al Aw 5

[

,coeral Manager Endorsernme No Countersig

(,./

NE-35 (1/1/70)

k B-13

.\\

t IMf9En0F et tm Sce*ctief er (Yt'oewtrs 9.S t 994 seine ces-e ter a e.rety Capeay. The 2.667900 Aetoe Insurance Campany 4.079947 Allatete leeurance Campany 1.007991 Amertese Employers' troerence Campeep Anetteen Icevrance Campsey, The 1.7))994

.332797 Besten Old Colemy teevrance Company 433197 Cente**tel Insurence Company Covenerttet tieten Inevrance Compeep of Amortes 1.119999 4.7999e6 Continental Ceeusity Company 4.922164 Contin **t el leeurence Ceapeny. The Emptevers' Liability Aesorence Cerperettee. Limited. The 1.359989

.561996 yederal Inevrance Campeep

\\.

Firemen's rund inevrance Campany 3.6 A 1999 Ceneral Acutdent ytre 6 Life Assurance Cetterettee, Ltd.

3.159999 1.087991 Close yelle laevrance Campear Clebe ladescity Cweny 1.903901 Crest Amerleen leevreare Company 1.221990 genever Inserence Cmear, The

. F4 7994 sert ford Ateldeat 6 Indeontty Ceepeny 8.119913 Nortford Stesa let ter laspectlen 6 leoersees Campany, the

. 59819$

2.209982 some ladeontty Company. The 4.131911 taeurence Ce==peay of North Amerlee membetten Fire 4 mortee leavesace tempeey, the

.714998 2.019986 Marylaw Ceewetty Campany Monarch Inevrance Company of Chie, The

. 2 T 1998

.309996 Weweth Insistence C,mpany

.271999 New Heepehire Insurance Company 781994 Pactfle Indemnity Compear p

.469999 Feerlese lasweence Campany Phoents heaurence Company of Bee fork

.915996 prov' feare Weehtegton Inevrence Campeep

.0e6999 4seen leeurence t'epony of Amerlee

.509996 1.119999 soltance Innerence Campany Royet Indemnity Cmpany 1.901993

.479991 8eferverd Innerence Campsey St. point p tre b Mortae laeveense Compeer 3.127973

.343996 Seebeerd Sseety Cenopy Jesurity Eneseense Campany of Rettferd 1.49ee86

.95 t 99 2 Transemettee leserence Campany 11.$59907 Travelere Indesetty Ceopeny. The Vetted States ytdelity 6 Oversety Cepeny

6. F 99966 Ontted Statee Fire Reserseco Campeep 1.647960

.6 F9995 torteh laserence Campsey M 10 P0OR ORIGINAL I

e k

1 l-I

('

B-14 i

0E JJ z

u ",l.)

m

.l U$,

E

[*;'h _,_..

L.

l

(~ pag '.. ).. 3 VUO39 PDF NAdTFORD CONN FEB 17 1970 535P EST

~

F C VOSS, CONSUMERS POWER C0 VELIA VILLIAIIX WILLING TO INCREASE LIMIT OF LIABILITY UNDER YOUR FACILITY FROM POLICY FOR PALISADES NUCLEAR STATION FROM CURRENT $1,000,000. TO $63,550,000 EFFECTIVE UPON YOUR ar-REQUESTS. LETTER WILL FOLLOW CHARLES R BARDES NUCLERIIX NUCLEAR ENERGY LIABILITY ASSOC INC RECEIVED (709P)

FEB 181970 g

$1,000,000 $63,550,000 COM[iS FCYlis CD.

i IR$ MCI GEPARININT l

E l

9 E

_-