ML20091M328
| ML20091M328 | |
| Person / Time | |
|---|---|
| Site: | Fort Saint Vrain  |
| Issue date: | 05/29/1984 |
| From: | Brey H PUBLIC SERVICE CO. OF COLORADO |
| To: | Johnson E NRC OFFICE OF INSPECTION & ENFORCEMENT (IE REGION IV) |
| References | |
| P-84156, NUDOCS 8406110241 | |
| Download: ML20091M328 (2) | |
Text
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public Service Company *f OdensfIe 2420 W. 26th Avenue, Suite 100D, Denver, CO 80211 b'
May 29, 1984 Fort St. Vrain Unit No. 1 P-84156 Mr. Eric H. Johnson Reactor Project Branch Chief N$ h' q
i j'l f
Region IV Nuclear Regulatory Commission h'
M-5 s84 611 Ryan Plaza Drive, Suite 1000 l
U Arlington, Texas 76011 E
SUBJECT:
Fort St. Vrain Excess Property Insurance Purchase and Exemption Request
REFERENCES:
- 1) PSC Letter P-83124 dated March 28, 1983
- 2) PSC Letter P-83231 dated June 30, 1983
- 3) NRC Letter G-83415 dated November 23, 1983
- 4) PSC Letter P-83408 dated December 27, 1983
- 5) NRC/PSC/GA Meeting Bethesda, Maryland, April 5, 1984
- 6) PSC Letter P-84118 dated April 25, 1984
- 7) NRC/PSC/GA Meeting Arlington, Texas, May 2, 1984
Dear Mr. Johnson:
Public Service Company of Colorado (PSC) has been pursuing a request insurance provisions of for exemption from 'the excess property (7).
(1)-
At the May 2, 1984 10CfR50.54(W)(1)(ii) per References meeting (Reference 7) and subsequently, Mr. Phil Wagner of your staff advised PSC to obtain the excess property insurance unless PSC's insurance exemption request could be finalized in 60 days.
.8406110241 840529
,PDR ADOCK 05000267 n',
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P-84156 Page 2 Those plants previously requesting exemptions from the requirements of 10CFR50.54(w)(1)(ii), (i.e, Big Rock, La Crosse, Yankee Rowe, and Humboldt Bay) were not required to purchase the subject insurance while their exemption requests were being pursued.
However, PSC has been repeatedly advised to purchase the excess insurance during pursuit of our exemption.
Effective May 15, 1984, PSC has purchased the $85,000,000 excess property damage insurance coverage issued jointly by the American Nuclear Insurers (ANI) and the Mutual Atomic Energy Reinsurance Pool (MAERP) at an annual premium of $255,000.
PSC has purchased this insurance because the NRC's verbally imposed 60 day time limit for finalizing our exemption request (May 2,1984 to July 1, 1984) does not allow PSC sufficient time to prepare an additional submittal responsive to the NRC staff's verbal comments (Reference 7).
At explained at the May 2, 1984 meeting (Reference 7), PSC considers this excess insurance premium to be burdensome and the insurance to be without potential benefit to PSC.
PSC continues to believe that the unique design and operating features of the Fort St. Vrain HTGR with its inherent safety features and radiological cleanliness, together with the existing primary property damage insurance of $500,000,000, provide adequate assurance of not only the protection of the health and safety of the public, but also of the financial security of PSC. PSC intends to pursue its request for exemption from the excess property insurance requirements of 10CFR50.54(w)(1)(ii).
Additional information supporting this request will be submitted in the near future.
If you have any questions or coments, please contact Mr. M. H.
Holmes at (303) 571-8409 Very truly yours, ww H. L. Brey, Manager Nuclear Engineering Division HLB /KS:pa
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