ML20197A568

Amend 4 to Indemnity Agreement B-80 Re Payment of Deferred Premiums & Creation of Liens

ML20197A568
Person / Time
Site:	North Anna
Issue date:	10/10/1978
From:	Saltzman J Office of Nuclear Reactor Regulation
To:
Shared Package
ML20197A566	List: ML20197A561 ML20197A568
References
B-80-A-04, B-80-A-4, NUDOCS 7810180140
Download: ML20197A568 (2)

Text

_ _ _ _ _ - _

4, UNITED STATES l' k NUCLEAR REGULATORY COMMISSION M WASHINGTON, D. C. 20555

\...../ ,

Docket Nos. 50-338 50-339 AMENDMENT TO INDEMNITY AGREEMENT NO. B-80 AMENDMENT NO. 4 4 Effective August 1,1977, Indemnity Agreement No. B-80, between Virginia Electric and power Company, and the Nuclear Regulatory Commission, dated

'pril 16, 1976, as amended, is hereby furtner amended by adding a new Article VIII to read as follows:

" ARTICLE VIII "1. If the licensee fails to pay assessed deferred premiums, the Commission reserves the right to pay those premiums on behalf of the licensee and to recover the amount of such premiums from the licensee.

"2. The Commission shall require the immediate submi sion of financial statements by those licensees who indicate, after an assessment of the retrospective premium by the insurance pools, that they will not pay the assessment. Such financial statements shall include, as a minimum, exhibits indicating internally generated funds from operations and accumulated retained earnings. Subsequent submission of financial statements i by such licensees may be requested by the Commission, as required.

"3. If premiums are paid by the Commission as provided in paragraph 1, payment by the Commission shall create a lien in the amount paid in favor of the United States upon all property and rights to property, whether real or personal, belonging to such licensee. The lien shall arise at the time payment is made by the Commission and shall continue until the liability for the amount (or a judgment against the licensee arising out of such liability) is satisfied or becomes unenforceable. The Commission will issue a certificate of release of any such lien if it finds that the liability for the amount has been fully satisfied or has become legally unenforceable.

7P/ o /fre tye

"4. If the Commission determines that the licensee is financially able to reimburse the Commission for a deferred premium payment made in its behalf, and the licensee, af ter notice of such determination by the Commission fails to make such reimbursement within 120 days, the Commission will take appropriate steps to suspend the license for 30 days. The Commission may take any further action as necessary if reimbursement is not made within the 30-day suspension period including, but not limited to, termination of the operating license."

FOR THE UNITED STATES NUCLEAR REGULATORY COMf11SSION c:rcrZO 9/

L- YWs -' ,

Jerome Saltzman, Chief /

Antitrust and Indemnjt9 Group Office of Nuclear Riactor Regulation Accepted 6h d ber /d ,1978 VIRGINIA ELECTRIC AND POWER COMPANY l

1 l

l J' - ' '

• ) ,[ ') - -

- ikh - .