ML20033G605
| ML20033G605 | |
| Person / Time | |
|---|---|
| Site: | Grand Gulf  |
| Issue date: | 03/30/1990 |
| From: | Cottle W SYSTEM ENERGY RESOURCES, INC. |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| References | |
| ACEM-90-0061, ACEM-90-61, NUDOCS 9004100384 | |
| Download: ML20033G605 (13) | |
Text
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c System g gpv Energy se es=0 lest 601437 0809 II Nuum Wmum March 30, 1990 U.S. Nuclear Regulatory Commission Mail Station PI-137 Washington, D.C.
20555 Attention:
Document Control Desk Gentlemen:
SUBJECT:
Grand Gulf Nuclear Station Unit 1 Docket No. 50-416 License No. NPF-29 Nuclear Property Insurance AECM-90/0061 System Energy Resources. Inc. (SERI) is reporting the nuclear property insurance currently in effect at Grand Gulf Nuclear Station as required by 10CFR50.54(w).
The following is a summary of the coverage that will be in effect on i
April 1, 1990.
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POLICY POLICY POLICY INSURER NUMBER LIMIT EXPIRATION Nuclear Mutual Limited (1)
$500,000,000 04/01/91 (Primary Coverage)
American Nuclear Insurers X89194
$300,000,000 11/15/90 and Mutual Atomic Energy S89194 100,000,000 Liability Underwriters (2)
_160.000.000 (Excessof$500,000,000)
$560,000,000 i
Nuclear Electric Insurance X89-047
$975,000,000 11/15/90 Limited (Excess of $500,000,000) i Please find attached certificates of coverage by Nuclear Electric Insurance Limited and American Nuclear Insurers / Mutual Atomic Energy Liability Underwriters (ANI/MAELU).
Nuclear Mutual Limited (NML will not issue a i
certificate until the effective date of coverage commen)ces (i.e.,
April 1, 1990).
(1) New policy number not yet received i
(2) SERI will purchase an additional 160 million dollars of ANI/MAELU excess capacity, effective April 1, 1990.
A9003271/SNLICFLR - 1 g0 9004100384 900330 l'
PDR ADOCK 05000416 l
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AECM-90/0061 Page 2 SERI will receive the maximum primary property damage insurance coverage available, which SERI understands to remain at 500 million dollars, through NML.
A copy of the NML certificate expiring April 1, 1990 is attached for your information.
The certificates of coverage for NHL and American Nuclear Insurers / Mutual Atomic Energy Liability Underwriters effective April 1,1990 will be submitted to the NRC by June 30, 1990.
If you have any questions, please advise.
Yours truly, w y--* e WTC:mte Attachment cc: Mr. D. C. Hintz (w/a)
Mr. T. H. Cloninger (w/a)
Mr. R. B. McGehee (w/a)
Mr. N. S. Reynolds (w/a)
Mr. H. L. Thomas (w/o)
Mr. H. O. Christensen (w/a)
Mr. Stewart D. Ebneter (w/a)
Regional Administrator U.S. Nuclear Regulatory Commission Region II 101 Marietta St., N.W., Suite 2900 Atlanta, Georgia 30323 Mr. L. L. Kintner, Project Manager (w/a)
Office of Nuclear Reactor Regulation U.S. Nuclear Regulatory Commission Mail Stop 14B20 Washington, D.C.
20555 A9003271/SNLICFLR - 2
S NUdLEAR Suite 1200 mnureauren Hm=r M=a M' U T U A L 120i mrka anc Wiltnington, DE 19801 LIMITED us.A TEL 302 888 3000 FAX 302 888 3007(nnance)
FAX 302 888 3008(Insurance)
CERTIFICATE OF INSURANCE ISSUED TO:
Nuclear Regulatory Commission ADDRESS:
Washington, D.C.
20555 Attn:
Document Control Desk r
THIS IS TO CERTIFY that insurance has been effected with NUCLEAR MUTUAL LIMITED,1201 Market Street, Suite 1200, Wilmington, Delaware 19801, under Policy No. C89-026 as follows:
MEMBER INSURED:
System Energy Resources, Inc.
ADDRESS:
c/o MSU System Services, Inc.
P.O. Box 61000, New Orleans, Louisiana 70161 PROPERTY INSURED:
Grand Gulf Nuclear Station ADDITIONAL INSUREDS:
See Attached Schedule I COVERAGE:
Primary Property Insurance 6
AMOUNT OF INSURANCE:
$500,000,000 POLICY TERM:
12:01 a.m.
on April 1,
1989 to 12:01 a.m.
on April 1, 1990, Standard time in Hamilton, Bermuda.
LOSS PAYEE CLAUSE:
See Attached Schedule II
A h
This certificate is not transferable and may be cancelled by NUCLEAR MUTUAL LIMITED by giving 60 days written notice to the party to whom this Certificate is issued prior to cancellation of the insurance described herein, unless specifically provided for otherwise under the Terms, Conditions and Exceptions of the Policy.
THIS CERTIFICATE is for information only; it is not a contract of insurance but attests that a policy as numbered herein, and as it stands at the date of this Certificate, has been issued by the Company.
Said policy is subject to change by endorsement and cancellation in accordance with its terms.
EFFECTIVE DATE OF THIS CERTIFICATE:
April 1, 1989 CERTIFICATE EXPIRES:
April 1, 1990, unless cancelled sooner.
Signed by:
NUCLEAR MUTUAL LIMITED
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David Hf Scott, Vice President-Underwriting l
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i SCHEDULE I C89-026 Insureds:
System Energy Resources, Inc.; Middle South
- Energy, Inc., Middle South Utilities, Inc.; Mississippi Power
& Light Company; South Mississippi Electric Power Association; Bechtel Corporation; Bechtel Power Corporation; and all subsidiary and affiliated entities now in existence or hereafter to be constituted.
ADDITIONAL INSUREDS All persons, firms or corporations with whom a Named Insured has entered into any agreement which requires that Named Insured to maintain for the benefit of such person, firm or corporation, such insurance as is afforded by this policy and the following parties listed herein and their respective successors, assignees and transferees are also named as Additional Insureds:
1.
Meridian Trust
- Company, 35 North Sixth Street,
- Reading, Pennsylvania 19601, not in its individual capacity but as Corporate owner Trustee under the Trust Agreement No.
1, i
dated as of December 1, 1988, among Meridian Trust Company and Stephen M.
- Carta, each individually and as owner Trustee, and Public Service Resources Corporation as owner Participant,
(" Trust Agreement No.
1"),
and as owner of a
12.1168317%
undivided interest in Grand Gulf Nuclear Station Unit 1
j
(" Interest 1") ;
2.
Resources Capital Management Corporation, 80 Park I
- Plaza, Newark, New Jersey 07101, as transferee Owner Participant under Trust Agreement No.
1, which Trust Agreement No.
1 pertains, among other things to Interest 1; 3.
Meridian Trust
- Company, 35 North Sixth Street,
- Reading, Pennsylvania 19601, not in its individual capacity but 4
as Corporate owner Trustee under the Trust Agreement No.
2, j
dated as of December 1, 1988, among Meridian Trust Company and Stephen M.
- Carta, each individually and as owner Trustee, and Lease Management Realty Corporation IV as owner Participant,
(" Trust Agreement No.
2"),
and as owner of a
3.02920793%
3 undivided interest in Grand Gulf Nuclear Station Unit 1
4
(" Interest 2"); and
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l 4.
Textron Financial Corporation, 10 Dorrance Street, l
P.
O.
Box
- 6687, Providence, Rhode Island 02940, as transferee i
Owner Participant,under Trust Agreement No.
2, which Trust Agreement No. 2 pertains, among other things to Interest 2.
Item 11. The actual amount of insurance shall equal the l
replacement cost value of the property described herein but the Insurer shall not be liable for any loss in excess of (A)
$500,000,000 or (B) for a
greater proportion of any loss hereunder which 120 percent of the Estimated Value bears to the Replacement cost Value I
of the property on the date of such loss.
Item 12. "The Estimated Average Valus has been determined by adding the Reported Value to the product of (a) the Estimated Additional Value multiplied by (b) 0.45.
As soon after the end of the policy period as is practical, the Member Insured (s) shall report to the Insurer the replacement cost value of the property covered as of the last day of such policy period.
The Member Insured (s) are obligated to file such report without regard to whether or not the Insurer has any obligation to pay any loss or the costs thereof under this Policy is cancelled or suspended.
The Average Value is equal to (a) the replacetaent cost value of the property described herein on the effective date of this Policy plus (b) the product of (1) the replacement cost value of the additions to property described herein by the termination date of this policy multiplied by (ii) 0.45.
In determining (b) (i) above the replacement cost value of all additions shall be counted with no reduction for any losses covered hereunder and with appropriate adjustment for any other i
l reductions in the replacement cost value of the property covered by this policy."
i Item 13. "The difference between the Initial Premium and the j
Estimated Premium shall be paid to the Insurer by check other method acceptable to the Insurer in four equal or installments, payable one at the end of each quarter of i
the policy period (based on the number of days elapsed i
over the number of days in the policy per'iod).
The Estimated premium has been determined by using the Estimated Average Value.
The Actual Premium l
consideration for liability assumed hereunder shall be 8
determined by adjusting the Estimated Premium above after the expiration date of this Policy utilizing the Average Value.
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l The amount of additional or return premium shall be determined by the Insurer.
Within twenty (20) days after demand, the Member Insured (s) will pay to the Insurer by check or other method acceptable to the Insurer the amount of additional premium, if any.
No return premium will be paid if caused by a reduction in values due to a loss covered by this policy.
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l SCHEDULE 11 C89-026
- Loss, if
- any, under this policy shall be adjusted with MSU System services, Incorporated and payable (except as any loss as respects material and supplies and except any loss where the aggregate amount to be paid by Insurer in respect of such loss is less than
$100,000 which is payable to System Energy Resources, Inc.)
to United States Trust Company of New York in accordance with the mortgage and deed of trust between Middle South
- Energy, Inc., and United States Trust Company of New York and Malcolm J.
- Hood, Trustees; River Fuel Funding Company f3, Inc.
(as Lessor) and Morgan Guaranty Trust company of New York (as Assignee), as their interest may appear in the Nuclear Fuel; Resources Capital Management Corporation as transferee Owner Participant with respect to Public Service Resources Corporation, the original Owner Participant under Trust Agreement No.
1, dated as of December 1, 1988, among Meridian Trust Company and Stephen M.
Carta, each individually and as owner
- Trustee, and Public Service Resources Corporation and as owner Participant
(" Trust Agreement No.
1"),
which Trust Agreement No.
1 pertains, among other things, to a 12.1168317%
undivided interest in Grand Gulf Nuclear Station Unit 1
(" Interest 1"),
Meridian Trust Company as Corporate owner Trustee under Trust Agreement No. 1 with respect to Interest 1, all as their interests may appear under Trust Agreement No. 1 and the other Transaction Documents as defined therein (all references contained herein to the Corporate owner Trustee, or owner Participant, respectively, shall include such persons and their respective successors, assigns.and transferees in such capacities);
Textron Financial Corporation as transferee Owner Participant with respect to Lease Management Realty Corporation IV, the original owner Participant under Trust Agreement No. 2, dated as of December 1, 1988, among Meridian Trust Company and i
Stephen M.
- Carta, each individually and as Owner Trustee, and l
Lease Management Realty Corporation IV as owner Participant
(" Trust Agreement No. 2"), which Trust Agreement No. 2 pertains, among other things, to a 3.02920793% undivided interest in Grand Gulf Nuclear Station Unit 1
(" Interest 2"),
Meridian Trust l
Company as Corporate Owner Trustee under the Trust Agreement No.
2 with respect to Interest 2, all as their interests'may appear under Trust Agreement No. 2 and the other Transaction Documents as defined therein (all references contained herein to the corporate owner Trustee or Owner Participant, respectively, shall include such persons and their respective successors, assigns and transferees in such capacities); and the receipt of 1
the payee so designated shall constitute a release in full of all liability with respect to such loss.
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MuTuat Atomic Eminsy 2
LlaBltliv Unnenwnitens V
Suite 3720 7
One East Wacker Drive
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Chicago,liknois 60601 l
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I The Exchange, Suite 245 / 270 Farmington Avenue Farmington, Connecticut 06032 / (203) 677 7305 / TLX. No. 643 029 1
i CERTIFICATE OF INSURANCE This certificate is issued to the Certi6cate Holder as a matter of informntion only, it does not amend, extend or alter the coverage afforded by the policies listed below.
Name ofInsured S11TE1LEllERGLRESOURCES, INC.
Mailing Address P.0 loL6100Qu.liew Orleans Lo_iti110.no 70161 Location (s) Covered _ GnncL. Gulf Nuclear Station., Port Gibson. MississipA1 l
This is to certify that the following policies one issued by members of American Nuclear Insurers (ANI) and the other issued by members of Mutual Atomic Energy Liability Underwriters (MAELU), respectively, to the insured named above are in l
force as of the effective date of this certificate.
l Policy Numbers Policy Expiration Date*
Amount or Limit Deductible X89194 November 15, 1990
$300,000,000.
S89194 November 15, 1990
$100,000,000.
'lype of Insurance: All risk of direct physical damage to the Property insured by any Cause of Loss specified as covered in the policy, provided such physical damage takes place during the policy period.
Cancellation of Policies: Should either or both of the policies described above be cancelled before the expiration thereof, the issuing entity ( ANI or M AELU) will endeavor to mail or deliver advance written notice to the Certi6cate Holder, but failure to provide such notice shall impose no obligation or liability of any kind upon ANI or MAELU.
I Name and Address of Certificate Holder:
U.S. Nuclear Regulatory Commission Washington, D.C.
Attn: Document Control Desk Effective date of the Certificate:
March 1, 1990
'A CERTIFICATE WILL NOT BE ISSUED FOR ANY SUBSEQUENT POLICY PERIOD UNLESS REQUESTED.
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- 1. I M i T I! D n:L 302 sss.3(m IAx 302 888 3(Kc(I1oance)
I AX 3(12 HMS
- 3(MM(In%L)rance) l CERTIFICATE OF INSURANCE I
ISSUED TO:
U.S. Nuclear Regulatory Commission i
ADDRESS:
Washington, DC 20555 Attn Document Control Desk THIS IS TO CERTIFY that insurance has been effected with NUCLEAR ELECTRIC INSURANCE LIMITED,1201 Market Street, Suite 1200, Wilmington, Delaware 19801, under Policy No. X89-047 as follows:
l MEMBER INSURED:
System Energy Resources, Inc.
ADDRESS:
c/o Entergy Services, Inc.
Post Office Box 61000 i
New Orleans, Louisiana 70161 t
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PROPERTY INSURED:
Grand Gulf Nuclear Station COVERAGE:
Decontamination Liability and Excess Property l
Insurance AMOUNT OF INSURANCE:
$975,000,000 ADDITIONAL INSUREDS:
See Attached Schedule No. 1 POLICY TERM:
12:01 a.m. on November 15, 1989 to 12:01 a.m. on November 15, 1990, Standard time in Hamilton, Bermuda.
LOSS PAYEE CLAUSE:
See Attached Schedule No. 2
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1 SCHEDULE NO. 1 Insureds:
l System Energy Resources, Inc., Middle South Energy, Inc.,
Entergy Corporation, Mississippi Power & Light Company, South Mississippi Electric Power Association; Bechtel Corporation and i
Bechtel Power Corporation are noted as their interest may appear and all subsidiary and af filiated entities now in existence or hereafter to be constituted.
t Additional Insureds All persons, firms or corporations with whom a Named Insured f
has entered into any agreement which requires that Named Insured to maintain for the benefit of such person, firm or corporation, such insurance as is afforded by this policy and the following parties listed herein and their respective successors, assignees and transferees are also named as Additional Insureds:
1.
Meridian Trust company, 35 North sixth Street, Reading, Pennsylvania 19601, not in its individual capacity but as Corporate Owner Trustee under the Trust Agreement No.1, dated as of December 1,
1988, among Meridian Trust Company and dated as of December 1, 1988, among Meridian Trust Company and Stephen M.
- Carta, each individually and as Owner Trustee, and Public Service Resources Corporation as owner Participant,
(" Trust Agreement No.
1"),
and as owner of a 12.1168317% undivided interest in Grand Gulf Nuclear Station Unit 1
(" Interest 1");
2.
Resources Capital Management Corporation, 80 Park Plaza, Newark, New Jersey 07101, as transferee owner Participant under Trust Agreement No. 1, which Trust Agreement No. 1 pertains, among other things to Interest 1; 3.
Meridian Trust Company, 35 North Sixth Street, Reading, Pennsylvania 19601, not in its individual capacity but as Corporate Owner Trustee under the Trust Agreement No. 2, dated as of December 1,
1988, among Meridian Trust Company and Stephen M.
Carta, each individually and as Owner Trv.stee, and Lease Management Realty Corporation IV as Owner Participant,
(" Trust Agreement No. 2"), and as owner of a 3.0292079% undivided interest in Grand Gulf Nuclear Station Unit 1
(" Interest 2");
4.
Textron Financial Corporation, 10 Dorrance Street, P.O.
Box 6687, Providence, Rhode Island 02940, as transferee Owner Participant under Trust Agreement No.
2, which Trust Agreement No.
2 pertains, among other things to Interest 2.
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SCHEDULE No. 2 Loss, if any, under this policy shall be adjusted with Entergy Services, Inc. and payable (except as any loss as respects material and supplies and except any loss where the aggregate amount to be paid by insurers in respect of such loss is less that $100,000 which is payable to System Energy Resources, Inc.) to United States Trust Company of New York, in accordance with the mortgage and deed of trust between Middle South Energy, Inc., and United States Trust company of New York and Malcolm J.
Hood, Trustees; River Fuel Funding Company #3, Inc.,
(as Lessor) and Morgan Guaranty Trust Company of New York (as Assignee) as their interests may appear in the Nucleer Fuel; Resources Capital Management Corporation as transferee owner Participant with respect to Public Service Resources Corporation, the original owner Participant under Trust Agreement No.1, dated as of December 1,1988, among Meridian Trust Company and Stephen M.
- Carta, each individually and as owner
- Trustee, and Public Service Resources Corporation as owner Participant
(" Trust Agreement No.
1"),
which Trust Agreement No.
1 pertains, among other things, to a 12.1168317% undivided interest in Grand Gulf Nuclear Station Unit 1 (" Interest 1"), Meridian Trust Company as Corporate owner Trustee under Trust Agreement No.1 with respect to Interest 1,
all as their interests may appear under Trust Agreement No.
1 and the other Transaction Documents as defined therein (all references contained herein to the Corporate owner Trustee or owner Participant, respectively, shall include such persons and their respective successors, assigns and transferees in 1such cape. cities); Textron Financial Corporation as transferee owner Participant with respect to Lease Management Realty Corporation IV, the original owner Participant under Trust Agreement No. 2, dated as of December 1,1988, among Meridian Trust company and Stephen M.
- Carta, each individually and as owner
- Trustee, and Lease Management Realty Corporation IV as owner Participant
(" Trust Agreement No.
2"),
which Trust Agreement No.
2 pertains, among other things, to a 3.02920793% undivided interest i
in Grand Gulf Nuclear Station Unit 1 (" Interest 2"), Meridian Trust Company as Corporate owner Trustee under Trust Agreement No. 2 with l
respect to Interest 2,
all as their interests may appear under Trust Agreement No.
2 and the other Transaction Documents as defined therein (all references contained herein to the Corporation owner Trustee or owner Participant, respectively, shall include such persons and their respective successors, assigns and transferees in such capacities); and the receipt of the payee so designated shall constitute a release in full of all liability with respect to such loss, i
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This certificate is not transferable and may be cancelled by NUCLEAR ELECTRIC INSURANCE COMPANY by giving 60 days written notice to the party to whom this Certificate is issued prior to cancellation of the insurance described herein, unless specifically provided for otherwise under the Terms, Conditions and Exceptions of the Policy.
THIS CERTIFICATE is for information only; it is not a contract of insurance but attests that a policy as numbered herein, and as it stands at the date of this Certificate, has been issued by the company.
Said policy is subject to change by endorsement and cancellation in accordance with its terms.
EFFECTIVE DATE OF THIS CERTIFICATE:
November 15, 1989 CERTIFICATE EXPIRES:
November 15, 1990, unless cancelled sooner.
Signed by:
NUCLEAR ELECTRIC INSURANCE LIMITED i
t David H.' Scott, -
l Vice President-Underwriting i
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