ML20154Q510

Forwards Environ Assessment & Finding of No Significant Impact Re Temporary Exemption from Schedular Requirements of Property Insurance Rule (10CFR50.54) Effective on 881004

ML20154Q510
Person / Time
Site:	Yankee Rowe
Issue date:	09/27/1988
From:	Fairtile M Office of Nuclear Reactor Regulation
To:	Papanic G YANKEE ATOMIC ELECTRIC CO.
Shared Package
ML20154Q513	List: ML20154Q510 ML20154Q567
References
NUDOCS 8810030422
Download: ML20154Q510 (3)

Text

l Docket No.50-029 DISTRIBUTION Docket JUp MRushbrook SEP 271998 NRCPOR TSn

4. Fdirhi/c )

Local POR Mr. George Papanic, Jr.

PDI-3 Rdg.

OGC(Rockville Senior President Engine 9r - Licensing SVarga EJordan l.

Yankee Atomic Electric Company BBoger BGrimes i

1671 Worcester Road ACRS(10)

GPA/PA l

Framingham, Massachusetts 01701 RWessman

SUBJECT:

YANKEE NUCLEAR PCWER STATION - ENVIRONMENTAL ASSESSMENT AND FINDING OF NO SIGNIFICANT IMPACT - TEMPOPARY EXEMPTION FRDM THE l

SCHEDULAR REQUIREMENTS OF THE PROPERTY INSURANCE RULE EFFECTIVE OCTOBER 4, 1988 (10 CFR 50.54(w)(5)(i))

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On August 5,1987, the NRC published in the Federal Register a final rule amending 10 CFR 50.54(w). The rule increased the amount of on-site property damage insurance required to be carried by NRC's power reactor licensees.

The rule also required these licensees to obtain by October 4, 1988 insurance policies that prioritized insurance proceeds for stabilization and decontamina-tien after an accident and provided for payment of proceeds to an independent trustee who would disburse funds for decontamination and cleanup before any other purpose.

Subsequent to publication of the rule, the NRC has been infortred by insurers who offer nuclear property insurance that, despite a good faith effort to obtain trustees required by the rule, the decontamination priority and trusteeship provisiens will not be able to be incorporated into policies by the time r

required in the rule.

In response to these coments and related petitions for rulemaking, the Comission has proposed a revision of 10 CFR 50.54(w)(5)(1) extending the implementation schedule for 18 months (53 FR 36338, September 19.

1988). However, because it is unlikely that this rulemaking action will be completed by October 4,1988, the Comission is issuing a temporary exemption from the requirements of 10 CFR 50.54(w)(5)(1) until completion of the pendin rulemaking extending the implementation date specified in 10 CFR 50.54(w)(5)(g),

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l but not later than April 1,1989. Upon crepletion of such rulemaking, the l

licensee shall covply with the provisions of such rule.

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Enclosed is an Envirormental Assessment and Finding of No Significant Impact relating to a temporary exemption from 10 CFR 50.54(w)(5)(1) for the Yankee i

Atomic Electric Company.

1 OFo /

8810030422 000927 ADOCK 050 g 9 R

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Pr G. Papanic, Jr. !

This assessment is being forwarded to the Office of Federal Register for publication.

l Sincerely.

I S

Morton B. Fairtile, Project Manager Project Directorate I-3 l

Division of Reactor Projects I/II Enclosure.

Environmental Assessment t

l ec w/ enclosure:

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Mr. George Papanic, Jr.

Yankee Atomic Electric Company Yankee Nuclear Power Station cc:

Mr. James E. Tribble, President Mr. George Papanic, Jr.

Yankee Atomic Electric Company Senior Project Engineer-Licensing 1671 Vercestar Rned Yankee Atomic Electric Comoany Framingham, Massachusetts 01701 1671 Worcester Soad Framingham, Massachusetts 01701 Thomas Dignan Esquire Roots and Gray 225 Franklin Street Boston, Massachusetts 02110 Mr. N. N. St. Laurent Plant Superintendent Yankee Atomic Elaetric Ccmpany Star Reute Dowe, Massachusetts 01367 Chai rman Board of Selectnen Town of Rowe i

Rowe, Massachusetts 01367 Resident Inspector Yankee Nuclear Power Station c/o U.S. NRC Post Offite Box 28 Monroe Bridqe, Massachusetts 01350 Reotonal Administrator, Region !

U.S. Nuclear Regulatory Commission 475 Allendale Road King of Prussia, Pennsylvania 19406 Robert M. Hallisey, Director Radiation Control Program Massachusetts Department of Public Health 150 Tremont Street 7th Floor Boston, Massachusetts 02111 I

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