ML20137D337
| ML20137D337 | |
| Person / Time | |
|---|---|
| Site: | Cooper  |
| Issue date: | 03/19/1997 |
| From: | Graham P NEBRASKA PUBLIC POWER DISTRICT |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| References | |
| NLS970050, NUDOCS 9703260138 | |
| Download: ML20137D337 (3) | |
Text
5 e
P.O. BOX NEB 68321 Nebraska Public Power District
% "if e ""
NLS970050 March 19,1997 U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555
)
i Gentlemen:
i
Subject:
NRC Rule on Property Insurance - 10 C.F.R. 50.54(w)(3)
Cooper Nuclear Station i
. NRC Docket No. 50-298, DPR-46
References:
NPPD Letter from G. R. Horn to Mr. Ira Dinitz Dated October 6,1995, "10CFR 50.54(w), NRC Nuclear Property Insurance Rule" USNRC Letter from Ira P. Dinitz to G. R. Horn dated December 7,1995.
The purpose of this letter is to comply with the property insurance reporting requirements of 10 C.F.R. {50.54(w)(3) on property insurance coverage. The following list provides the required information detailing the property insurance coverage maintained by Nebraska Public Power District (NlvD) and MidAmerican Energy Company (MEC) for Cooper Nuclear Station at Brownville, Nebraska.
Policy Policy Expiration
- Amount of Type of Coverage :
-holder Number Insurer'
. Date Coverage _
I Primary Nuclear Property NPPD 96135 ANI/MAELU 5/1/97
$500,000,000
._ Insurance Decontamination Liability, NPPD X96-086 NEIL II i1/15/97 '$1,125,000,000 Decommissioning Liability, and.
part of Excess Nuclear Property Insurance
$2,250,000,000 MEC X96-071 NEIL II 11/15/97 '$1,125,000,000 part of
,$2,250,000,000 I
Total l
l$2,750,00'),000 3
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 the NPPD Electric System. MidAmerican and the NPPD Electric System each pay a proportionate 9703260138 970319 PDR ADOCK 05000298
@EEEEQ' ElE%%
b
\\
i i
^
i
'PohbyfulPride%blebraikW:
~^
===-,
- - - _ = = =
= = = = = = = = - _.
NLS970050 March 19,1997 Page,2 share of the nuclear fuel costs (based on energy actually delivered) plus one-half of all other costs of the facility. As a result, MidAmerican is also liable for 50 percent of the decontamination liability pe ed by operation of the nuclear power plant.
With regard to the coverage outlined above, NPPD and MEC purchase NEIL II 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, following ANI'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 restructured their property program to offer, effective 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 II 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 Il coverage on the quota share basis. It should be noted that the policy expiration date for the Primary Nuclear Property Insurance policy is May 1, 1997. We are presently involved in the renewal process and the coverage will be renewed for the May 1,1997 to May 1,1998 policy period.
If you should have any questions or should require any additional information, please advise.
Sincerely, P9 &
P. D. Graham Vice President Nuclear of Nuclear Energy
/nr cc:
Regional Administrator USNRC Region IV Senior Project Manager USNRC-NRR Project Directorate IV-1 Senior Resident Inspector Cooper Nuclear Station l
NPG Distribution i
l l
l l
o i
]
ATTACHMENT 3 LIST OF NRC COMMITMENTS l
)
Correspondence No:
NLS470050 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 anct are not regulatory commitments.
Please notify the Licensing Manager at Cooper Nuclear Station of any questions regarding this document or any associated j
regulatory comrtitments.
COMMITTED DATE COMMITMENT OR OUTAGE None i
i l
PROCEDURE !! UMBER 0.42 l
REVISION NUMBER 3 C1 l
PAGE 8 OF 9 l