ML20072Q906

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Forwards Documentation from Nuclear Mutual Ltd,Nelia & Maelu Evidencing Present Level of Onsite Property Damage Insurance
ML20072Q906
Person / Time
Site: Waterford Entergy icon.png
Issue date: 03/19/1991
From: Burski R
ENTERGY OPERATIONS, INC.
To:
NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
W3F1-91-0045, W3F1-91-45, NUDOCS 9103210246
Download: ML20072Q906 (11)


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W3F1-91-0045 A4. 05 -

QA March 19, 1991 U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555.

Subject:

- Docket No. 50-382

~

Waterford 3 SES-License No. NPF-38 10CFR Part 50.54(w)(3)

Conditions of Licenses, Property Insurance Gentlemen:

. With respect to onsite property damage insurance, the subject NRC requirement ~

states that:

"The licensee shall report to the NRC on April 1 of each year the current levels of this insurance or financial security it maintains and the sources of this insurance-of financial security."

. Attached is-documentation from Nuclear Mutual Limited.(NML), American Nuclear Insurers (ANI) and Nuclear Electric Insurance Limited (NEIL) evidencing present coverage in effect. LP&L's primary coverage is with NML,' and excess coverage has been obtained from both ANI and NEIL. The primary coverage renewal

'cortificate is not yet available-(NML policy expiring 04/01/91), but 'will be forwarded upon our receipt.

Should you desire further information, please contact Shellah S. DiJohn of our Commitments Management group at (504) 739-6726.

Very truly yours, E'

L RFB/SSD/ssf Attachments (3)

E cc:-

Messrs. R.D. Martin, NRC Region IV L

D.L. _ Wigginton,' NRC-NR R E

E.I. Blake

[

R.B. McGeheo NRC Resident Inspectors Office L

7 9103210246 910319 PDR ADOCK 05000382

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sununau,,, nm,, pim MUTUAL 1201 WLet $irwt Wilmington DE 19H01 LIMITED esi TEL 302 M8 3000 FAX 302 BM 3007(Finance)

FAX 302 M8 3009(In3urance)

CERTIFICATE OF INSURANCE ISSUED To:

U.S. Nuclear Regulatory Commission ADDRESS:

Document Control Desk Washington, D.C.

20555 THIS IS TO CERTIFY that insurance has been effected with NUCLEAR MUTUAL LIMITED,1201 Market Street, Suite 1200, Wilmington, Delaware 19801, under Policy No. P90-036 as follows:

MEMBER INSURED:

Louisiana Power & Light Company ADDRESS:

c/o Entergy Services, Inc.

P. O.

Box 61000 New Orleans, Louisiana 70161

. PROPERTY INSURED:

Waterford 3 Nuclear Station COVERAGE:

Operating Facility Policy N

AMOUNT OF INSURANCE:

$500,000,000 POLICY TERM:

12 : 01 a.m. on April 1, 1990 to 12 : 01 a.m.

on April 1,

1991, Standard time in Hamilton, Bermuda.

ADDITIONAL INSUREDS:

See attached SCHEDULE I LOSS PAYEE CLAUSE:

See attached SCHEDULE II l

,=.

Attachment:

1 pg. 2 of 5 SCHEDULE NO. I ATTACHING TO AND FORMING PART OF THE INSURANCE CERTIFICATE FOR NML POLICY No. P90-036.

f e

ITEM 10.

t Insureds:

Louisiana Power & Licht CREpany. Enterav CorDoration.

Ebasco Services. Inc., and all sukgidiarv and affiliated entities now in existence or hereaf ter to be constitgigd.

Additional Insureds:

All persons, firms or corporations with whom a Named Insured has entered into any agreement visich requires that the Named Insured 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._

First National Bank of Commerce, Attention: Corporate Trust Department, 210 Baronne

Street, New Orleans, Louisiana 70112, in its individual capacity and in its capacity as owner Trustee under the Trust Agreement No.

1,! dated as of September 1, 1989, among First National

- Bank of Commerce as Owner Trustee and ESSL 2, Inc. as owner Participant,

(" Trust Agreement No.

1"),

and as owner of a 5.92440436335% undivided interest in Waterford Steam Electric Generating Station Unit 3

(" Interest 1") ;

2.

ESSL 2, Inc., c/o Richard Mack, Citicorp North America, Inc.,

399 -Park Avenue', Corporate Finance Dept.,

6th

Floor, Zone 1,

New York, New York 10043, as owner Participant under Trust Agreement No.

1, which Trust Agreement No.1 pertains, among other things, to Interest 1;

3.

First. National Bank of Commerce, Attention: Corporate n partment.,

210 Barchne

  • Street, New Orleans, Trust e

Louisiana 70112, in its individual capacity and in its-capacity as owner Trustee under the Trust Agreement No.

2, dated as of September 1, 1989, among First National Bank of Commerce as ownar Trustee and ESSL 2, Inc. as Owner ' Participant,

(" Trust Agreement No.

2"),

and as owner of a 2.96220218167% undivided interest in Waterford Steam Electric Generating Station Unit 3 (" Interest 2") ;

4.

ESSL 2, Inc., c/o Richard Mack, Citicorp North America, Inc.,

399 Park Avenue, Corporate Finance Dept.,

6th

Floor, Zone 1,

New York, New York 10043, as Owner Participant under Trust Agreement No.

2, which Trust Agreement No. 2 pertains, among other things, to Interest 2;

~....

i

" pg. 3 of 5 5.

' First. National -- Bank of Commerce, Attention: Corporate l

Trust Department, 210 Baronne Street,.New Orleans,~.

I Louisiana 70112, in its individual capacity-and in its capacity as owner Trustee under the Trust-Agreement No.

3, dated as of: September 1, 1989, among First National Bank of Commerce as owner Trustee and ESSL 2, Inc. as

Owner Participant,

(" Trust - Agreement.: No.

3"),

and as owner of a 1.58774036938% undivided interest in Waterford Steam Electric Generating Station Unit 3

(" Interest-3") ;

6..

ESSL 2, Inc., c/o Richard Mack, Citicorp North America, Inc.,

399 Park Avenue, Corporate: Finance Dept.,

6th

Floor, Zone 1,

New York,- New York 1004 3, as owner Participant under Trust Agreement No.

3, which Trust Agreement No. 3 pertains, anong other things, to Interest 3.

I 1

i

. pg. 4 of 5 j

SCHEDULE NO. II ATTACHING TO AND FORMING PART OF THE INSURANCE CERTIFICATE FOR NML POLICY NO. P90-036.

ITEM 6. Loss Payee Clause B.

Loss if any, under this policy shall be adjusted with and payable to Louisiana Power (n Light Company and ESSL 2, Inc.

as owner Participant under Trust Agreement No.

1, dated as of September 1, 1989, among First National Bank of Commerce as Owner Trustee and ESSL 2, Inc. as owner Participant,

(" Trust Agreement No.1"), which Trust Agreement No.1 pertains, among other things, to a 5.92440436335% undivided interest in Waterford Steam Electric Generating Station Unit 3 (" Interest 1");

First National Bank of Commerce in its individual capacity and in its capacity as 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 otner Transaction Documents as defined therein (all references contained herein to the Owner Trustee or Owner Participant, respectively, shall include such persons and their respective successors, assigns and transferees in such capacities); ESSL 2,

Inc. as Owner Participant under Trust Agreement No.

2, dated as af September 1, 1989, among First National Bank of Commerce as. Owner Trustee and ESSL 2,

Inc.

as Owner Participant (Trust Agreement No.

2"),

which Trust Agreement No.

2 pertains, among other things, to a 2.96220218167%

undivided interest in Waterford Steam Electric Generating St.ation Unit 3

(" Interest 2");

First National Bank of Commerce, in its individual capacity and in its capacity as 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 owner Trustee or Owner Participant, respectively, shall include such persons and their respective successors, assigns and transferees in such capacities); and ESSL 2, Inc. as owner Participant under Trust Agreement No.

3, dated as of September 1, 1989, among First National Bank of Commerce as owner Trustee and ESSL 2, Inc. as Owner Participant

(" Trust Agreement ~ No.

3"),

which

' Trust Agreement No. 3 pertains, among other things, to a 1.58774036938% undivided interest in Waterford Steam Electric Generating Station Unit 3 (" Interest 3"), First National Bank of Commerce in its individual capacity and in its capacity as.

Owner Trustee under Trust Agreement No. 3 with respect to Interest 3,

all as their interest may appear under Trust Agreement No. 3 and the other Transaction Documents as defined therein (all references contained herein to the Owner Trustee or Owner Participant, respectively, shall include such persons and their respective successors, assigns and transferees in l

such capacities); and the receipt of the payee so designatti l

shall constitute a release in full of all liability with respect to such loss.

At t achtnent 1 pg. 5 of 5 This Cortificato 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 insuranco but attests that a policy as numbered herein, and as it stands at tne 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, 1990 CERTIFICATE EXPIRES:

April 1, 1991, unless cancelled sooner.

Signed by:

NUCLEAR MUTUAL LIMITED

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David H. Scott, Vice President-Underwriting e

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NUCLEAR MUTUAL ATOMIC ENERGY

~

INSURERS--

LIABILITY UNDERWRITERS 1

a L_

Telephone (203) 677 7305 / Telecopier (203) 678 9083 The Exchange, Suite 245,270 Farmington Avenue, Farmington, CT OS032 CERTIFICATE OF INSURANCE q

This certificate is issued to the Certificate Holder as a matter of information only.

It=does not amend, extend or alter the coverage afforded by the policies listed below.

Name of Insured ENTERGY OPERATIONS. INC.. LOUISIANA POVER & LIGHT COMPANYn ST AL Hsiling' Address

'c/o Enterry Services.=Inc.. Risk-Hanagement Poliev. P.O. Box 61000. New Orleans. Louisiana 70161 Location (s) Covered __

Vaterford 3 Nuclear Station. St. Charles Parish. Louisiana This is to certify that1the following policy (ies)-issued by members of American Nuclear ~ Insurers (ANI) and-Hutual Atomic Energy Liability Underwriters (MAELU) to the Insured named above are in force as of th& effective date of this certificate.

Policy Numbers Policy Expiration Dats*

Amount or Limit Deductible X91197R November 15, 1991-

$700,000,000.

Type of Insurance: All risk of direct physical damage'to the Property Insured by any Ccuse of Loss specified as covered in the policy, provided such physical damage takes (place during-the policy period.

Cancellation of~ Policies:

Should the policy (ies) described above be cancelled before the expiration'thereof, ANI or HAELU will endeavor to mail or deliver advance written-

notice-to the Certificate llolder, but failure to provide such' notice shall impose no obligation'of liability of any kind upon ANI or HAELU.

'Name and Address of Certificate Holder: U.S. Nuclear Regulatory Commission Document Control Desk Vashington, D.C.

20555-Effective date of.the Certificates-January 1. 1991

  • A CERTIFICATE WILL NOT BE ISSUED FOR ANY SUBSEQUENT POLICY PERIOD UNLESS REQUESTED.

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CERTIFICATE OF INSURANCE ISSUED TO:

U.S. Nuclear Regulatory Commission 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. X90-053 as follows:

MEMBER INSURED:

Louisiana Power & Light Company ADDRESS:

c/o Entergy Services, Inc.

Post Office Box 61000 New Orleans, Louisiana 70161 PROPERTY INSURED:

Waterford 3 dteam Electric Station COVERAGE:

Decontamination Liability, Decommissioning Liability and-Excess Property Insurance AMOUNT OF INSURANCE:

$1,125,000,000 ADDITIONAL INSUREDS:

See Attached Schedule A POLICY TERM:

12:01 a.m. on November 15, 1990 to 12:01 a.m. on November 15, 1991, Standard time in Hamilton, Bermuda.

LOSS PAYEE CLAUSE:

See Attached Schedule B

' pg. 2 of 4 SCHEDULE A Insurodst Entergy Operations, Inc., Louisiana Power & Light Company, Entergy Corporation, Ebasco Services, Inc.,

and all subsidiary and affiliated entities now in existence or horcafter to be constituted.

Additional Insureds:

All persons, firms or corporations with whom a Named Insured has entered into any agreement which requires that the Named Insured maintain for the benefit of such person, firm or corporation, such insurance as is afforded by this Policy and the following parties listed heroin and their respectivo successors, assignees and transferees are also named as Additional Insurodst 1.

First National Bank of

Commerco, Attention:

Corporato Trust Department, 210 Baronne Street, New Orleans, Louisiana 70112, in its individual capacity and in its capacity as owner Trusteo under the Trust Agreement No.

1, dated as of September 1, 1989, amenct First National Bank of Commerco as owner Trustco and ESSL 2, Inc. as owner Participant,

(" Trust Agreement No.

1"), and as owner of a 5.9244043633S% undivided interest in Waterford Steam Electric Generating Station Unit 3

(" Interest 1");

2.

ESSL 2, Inc., c/o Richard Mack, Citicorp North America, Inc., 399 Park Avenue, Corporate Financo Dept., 6th Floor, Zone 1, New York, New York 10043, as owner Participant under Trust Agrooment No.

1, which Trust Agreement No. 1 portains, among other things, to Interest il 3.

First National Bank of

Commerco, Attention:

Corporate Trust Department, 210 Baronno Stroct, Now Orleans, Louisiana 70112, in its individual capacity and in its capacity as Owner Trustee under the Trust Agrooment No.

2, dated as of September 1,

1989, among First National Bank of Commerce as owner Trusteo and ESSL 2, Inc. as owner Participant,

(" Trust Agreement No.

2"),

and as owner of a 2.96220218167% undivided interest in Waterford Steam Electric Generating Station Unit 3

(" Interest 2")

4.

ESSL 2, Inc., c/o Richard Mack, Citicorp North America, Inc., 399 Park Avenue, Corporato Financo Dept., 6th Floor, Zono 1, New York, New York 10043, as owner Participant under Trust Agrooment No.

2, which Trust Agreement Ns. 2 pertains, among otbar things, to Intorost 2; 5.

First National Bank of Commerce, Attontion:

Corporate Trust Department, 210 Baronne Street, New Orleans, Louisiana 70112, in its individual capacity and in its capacity as Owner Trustee under the Trust Agreement No.

3, dated as of September 1, 1989, among First National Bank of Commerce as Owner Trustee and ESSL 2, Inc. as Owner Participant,

("Yrust Agreement No.

3"),

and as owner of a 1.58774036938% undivided interest in Waterford Steam Electric Generating Station Unit 3

(" Interest 3");

G.

ESSL 2, Inc., c/o Richard Mack, Citicorp North America, Inc., 399 Park Avenue, Corporate Financo Dept., 6th Floor, Zone 1, New York, New York 10043, as owner Participant under Trust Agreement No.

3, which Trust agreement No. 3 pertains, among other things, to Interest 3.

1

~

Attachwnt 3 pg. 3 of 4

+

SCHEDULE D

  • tem 8A.

Louisiana Power & Light Company Item BB.

The expenses covered undnr paragraph VI.1 (b) and i

the lossos covered under paragraph VI.1 (c) of this Policy shall be

~

adjusted with Louisiana Power Light Company or Entorgy operations, Inc. as Agent, if Louisiana Power & Light Company so authorizes, and payablo to Louisiana Power & Light Company and ESSL 2, Inc. as Owner Participant under Trust Agroomont No.1, dated as of September 1, 1989, among First National Bank of Commerce as owner Trusteo and ESSL 2,

Inc. as Ovnor Participant,

(" Trust Agroomont No.

1"),

which Trust Agrooment No. 1 portains, among other things, to a 5.92440436335% undivided interest in Waterford Steam Electric Generating Station Unit _ 3 (" Interest 1")i First National Bank of Commerco in its individual capacity and in its capacity 'as owner Trustoo under Trust Agroomont No.1, with respect to Interest 1,

all as their interest may appear under Trust Agrooment No. 1 and the other Transaction Documents as defined thoroin (all references contained heroin to the owner Trustoo or Owner Participant, respectively, shall includo such persons and their respectivo successors, assigns and transforces in such capaciticaft ESSL 2,

Inc.

as owner Participant under Trust Agreement No.

2, dated as of September 1,

1989, among First National Bank of Commerco as Owner Trusteo and ESSL 2, Inc. as owner Participant (Trust Agrooment No.

2"), which Trust Agreement No._2 pertains, among other things, to a 2.96220218167% undivided interest in Waterford Steam Electric Generating Station Unit 3

("Intorost 2d) ;

First Naticul Bank of Commerce, in its individual capacity and in its capacity as owner Trustoo under the Trust Agreement No. 2, with respect to Interest 2, all as their interests may appear under Trust Agrooment No. 2 and the other Transaction Documents as defined thoroin (all references contained heroin to the Owner Trustoa or Owner Participant, respectively, shall incl.de such persons and their respectivo successors, assigns and transferees in such capacities);

and ESSL 2,

Inc.

as owner Participant under Trust Agreement No.

3, dated as of September 1, 1989, among First National Bank of Cor.nerce as Owner Trustee and ESSL 2, Inc. as Owner Participant I trust Agrer, ment No. 3"), which Trust Agreement No.

3 pe rtair. 7, among other

things, to a

1.58774036938% undivided interatc in Watenford Steam Electric Generating Station Unit 3. (" Int

  • rest 3"),

First National Bank of Commerce in its individual capacity and in its capacity as owner Trusten under Trust Agreement No. 3 with respect to Interest 3, all as their interest may appear under Trust Agrooment No. 3 and the other Transaction Documents as defined thoroin (all references contained heroin to the Owner Trustoo or Owner Participant, respectively, shn'1 include such persons and their respectivo successors, asc.gns and transforeos in such capacities); and River Fuel Company #2, Inc. (as Lessor) and Morgan Guaranty Trust Company of New York (as Assigneo) as tnoir interests may appear in the Nuclear Fuel.

Tho_rocoipt of such payments under this clause by the payoo so designated shall constitute a roloaso in full of all liability with respect to such loss.

Attachnent 3 pg. 4 of 4 This certificate is not transferable and may be cancelled by NUCLEAR ELECTRIC INSURANCE COMPANY by giving 60 days written notice to the party to unom this certificate is issued prior to cancellation of the insurance described herein, unle'as specifically provided for otherwiso under the Terms, Conditions and Exceptions of the Policy.

THIS CERTIFICATE is for information only; it is not a contra % of insurance but attests that a policy as numbered herein, and as it j

stands at the data of this certificate, has bocn issued by the company.

Said policy is subject to change by endorsement and cancellation in accordance with its terms.

j EFFECTIVE DATE OFTHIS CERTIFICATE:

November 15, 1990 1

CERTIFICATE EXPIRES:

November 15, 1991, unless cancelled sooner.

Signed by:

NUCLEAR ELECTRIC INSURANCE LIMITED

_.e= % 1bf David H. Scott, Vice President-Underwriting l

.