ML20101H971
| ML20101H971 | |
| Person / Time | |
|---|---|
| Site: | Cooper  |
| Issue date: | 03/27/1996 |
| From: | Mueller J NEBRASKA PUBLIC POWER DISTRICT |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| Shared Package | |
| ML20099K992 | List: |
| References | |
| NLS960055, NUDOCS 9604010223 | |
| Download: ML20101H971 (3) | |
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COOPER NUCLEAR ST'AfION I
P.O. BOX SS, BROWNVILLE. NEBRAONA 08321 Nebraska'Public Power District Y O ""
n.
NLS960055.
March 27,1996 U.S. Nuclear Regulatory Commission
~- ATTN: Document Control Desk
. Washington, DC 20555 y
Gentlemen:
Subject:
NRC Rule on Property Insurance - 10 C.F.R.@50.54(w)(3)
Cooper Nuclear Station NRC Docket No. 50-298, DPR-46 sThe purpose.of this letter is to comply with the property insurance reporting requirements of
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10 C.F.R. Q50.54(w)(3) on property insurance coverage. The following list provides the required i
information detailing the property insurance coverage maintained by Nebraska Public Power District (NPPD) and MidAmerican Energy Company (MEC) for Cooper Nuclear Station at
. Brownville, Nebraska.
Policy
. Policy Expiration 1 Amount of _
i Type of Coverage'
-holder Number.
fInsurer1
. Date '
Coverage '
Primary Nuclear Property NPPD 95135 ANI/MAELU 5/1/96
$500,000,000 p
Insurance Decontamination Liability, NPPD X95-086 NEII, II 11/15/96
$700,000,000 i
Decommissioning Liability, and part of Excess Nuclear Property Insurance
$1,400,000,000 MEC X95-071 NEIL II 11/15/96
$700,000,000 part of
$1,400,000,000
~ Decontamination Liability, NPPD UX95-086 NEIL III 11/15/96
$425,000,000 Decommissioning Liability, and part of l-Excess Nuclear Property Insurance
$850,000,000 MEC UX95-071 NEIL III 11/15/96
$425,000,000 010033 part or i
9604010223 960327
$850000,000 I
_ 7 ADom MOO
$2,750,000,000 l
L Total L
Under terms of a power sales contract with MidAmerican Energy Company, NPPD makes available
- one-half of the production of Cooper Nuclear Station to MidAmerican with the balance available to l
the NPPD Electric System. MidAmerican and the NPPD Electric System each pay a proportionate L
- share of the nuclear fuel costs (based on energy actually delivered) plus one-half of all other costs i
of the facility. As a result, MidAmerican is also liable for 50 percent of the decontamination liability posed by operation of the nuclear power plant, pkg
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.. NLS. 960055 Page 2 March 27,1996 With regard to the coverage outlined above, NPPD and MEC purchase NEIL 11 and NEIL 111 excess nuclear property insurance on a 50/50 quota share basis. This restructured approach was a result of NPPD and MEC reviewing options for the purchase of the excess nuclear property insurance, j
following AN1's decision to review their excess nuclear property insurance program and their decision, in late 1994, not to open their 1995 excess syndicate. In 1995, ANI restructur(d their property program to offer, efrective January 1,1996, $500 million of basic property insurance which could be used as either primary or excess property insurance and also offer $600 million of supplemental excess. NEIL agreed to offer NPPD their NEIL 11 and NEIL III coverage on a non-member /non-assessable basis, which addressed NPPD's prior legal obstacles involved with
- purchasing NEIL coverage on a member / assessable basis.
- These changes in the available excess nuclear property insurance led the District to pursue NRC approval of the NPPD/MEC purchase of NEIL 11 and NEIL 111 coverage on the quota share
- basis. I have attached a copy of the NPPD letter of October 6,1995, seeking approval of the purchase of excess nuclear property insurance on the quota share basis and a copy of the December 7,1995, NRC letter which provided the requested approval.
The outline of currently maintained nuclear property insurance coverage noted above is that which is depicted as Option 2 in the NPPD letter of October 6,1995. The NPPD/MEC NEIL 11 and NEIL 111 coverage was efTective December 31,1995, it should be noted that the policy expiration date for the Primary Nuclear Property Insurance policy is May 1,1996. We are presently involved in the renewal process and the coverage will be renewed for the May 1,1996 to May 1,1997 policy period.
If you should have any questions or should require any additional information, please advise.
Sincerely,
,///wA i
J. II. Mueller Site Manager L
Attachments
. cc:
Regional Administrator w/ attachments USNRC - Region IV Senior Project Manager w/ attachments USNRC -'NRR Project Directorate IV-1 Senior Resident Inspector w/ attachments Cooper Nuclear Station NPG Distribution w/o attachments t
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LIST OF NRC COMMITMENTS-l ATTACHMENT 3 Correspondence No NLS960055 The following table identifies those actions committed to by the District in this document. Any other actions discussed in the submittal represent intended or planned actions by the District. They are described to the NRC for the NRC's information and are not regulatory commitments. Please notify the Licensing Manager at Cooper Nuclear Station of any questions regarding this document or any associated regulatory commitments.
COMMITTED DATE COMMITMENT OR OUTAGE None l
PROCEDURE NUMBER 0.42 l
REVISION NUMBER 1 l
PAGE 8 OF 11 l
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