ML20155C582

Forwards Temporary Exemption from Requirements of Property Insurance rule,10CFR50.54(w)(5)(i)

ML20155C582
Person / Time
Site:	Maine Yankee
Issue date:	10/04/1988
From:	Fairtile M Office of Nuclear Reactor Regulation
To:	Papanic C YANKEE ATOMIC ELECTRIC CO.
Shared Package
ML20155C586	List: ML20155C582 ML20155C595
References
NUDOCS 8810100106
Download: ML20155C582 (3)

Text

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• Docket No. 50 309 Distribution OCT 0 41998 Ecket rue TBarnhart (4)

NRC PDR ACRS (10)

! Local POR GPA/PA TPurley/JSniezek SECY (Orders Only) 0Crutchfield

' ARM /LFMB CRossi RVessman l SVa rga l Mr. Charles Papanic BBoger Senior Pro.iect Engineer - Licensing MRushbrook Yankee Atomic Electric Company MFairtile 1671 Worcester Road OGC Framingham, Massachusetts 01701 EJordan BGrimes

SUBJECT:

YANKEE NUCLEAR POWER STATION - TEMPORARY EXEMPTION FROM THE SCHEDULAR REOUIREMENTS OF THE PROPERTY INSURANCE RULE EFFFCTIVE OCTOBER 4, 1988 (10 CFR 50.54(w)(5)(i))

. The Comission has issued the enclosed temporary exemption from the schedular I

requirements of the property insurance rule effective October 4, 1988 (10 CFR ,

50.54(w)(5)(i)) for the Yankee Nuclear Power Station. This part of the '

rule requires licensees to obtain insurance policies that prioritize insurance proceeds for stabilization and decontamination after an accident and provide

! for payment of proceeds to an independent trustee who would disburse funds for ,

decontamination and cleanup before any other purpose.  !

The Comission has proposed a revision of 10 CFR 50.54(w)(5)(1) extending the implerentation schedule for 18 months (53 FR 36338, September 19,1988).

l Howver, because it is unlikely that th's rulemaking action will be completed by October 4, 1988, the Ccm ission is issuino a terporary exemption from the requirerents of 10 (FR 50.54(w)(5)(1) until ccepletion of the pendin extending the implerentation date specified in 10 CFR 50.54(w)(5)(i)g rulemaking

, but not 3

later than April 1, 1989 Upon completion of such rulemaking, the licensee shall comply with the provisions of such rule.

I The Comission, pursuant to 10 CFR 50.12(a), hereby grants a temporary

! eneption from the schedular requirements of 10 CFR 50.54(w)(5)(ii. This i

temporary exemption is valid until April 1, 1989 or until such time as action

! on this rulemaking is completed.  !

l 1 In granting the exemption, the staff has determined that this action is authorized 1

) by law and will not endanger life or property or the comon defense and security  ;

and is otherwise in the public interest. '

l i h 1 l hA l 8810100106 0010')4 EDR ADOCK 05000309 \

1. PNV l

1 A copy of this exerrption is being filed with the Office of the Federal Register for publication.

Sincerely, I

{0!

Morton B. Fairtile, Pro.iect Manager Project Directorate I-3 Division of Reactor Projects, I/II

Enclosure:

As stated cc w/ enclosure:

See next page

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1 Fr. George Papanic, Jr. '

Yankee Atomic Electric Company Yankee Nuclear Pcwer Statter CC:

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

Yankee Atcric Elet.tric Ccepany Senior Project Engineer-Licensing 1671 Worcester Read Yankee Atomic Electric Cerpany Framingham, Passachusetts 01701 1671 Worcester Road FramingFam, Passachusetts 01701 Thomas Dignan. Esquire Popes and Gray 225 Franklin Strert Besten, Massachusetts 0f110 -

Mr. N. N. St. Laurent Plant Superintendent

' Yankee Atomic Electric Company Star Poute Rowe, Massachusetts 01567  ;

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i Chairran Board of Selectmen Tcwn of Rcwe 1 Rowe, Massachusetts 01367 l Resident Irspector l 1 Yankee Nuclear Power Station i c/o U.S. NRC Post Office Box EP l Monree Bridge, Passachusetts 01350

) Regional Idrinistrator, Region !  ;

j U.S. Nuclear Ptsulatory Ccmtssion j

475 Allendale Ocad Ving of Prussia, Pernsylvania 19406  ;

Robert M. Fallisey, thrector i Radiation Control Pregram '

. Massachusetts Cepartrent of ruolic health

, 150 Tremont Street. 7th Floor  ;

Bosten. Passachusetts 02111  ;

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