ML20246D083
| ML20246D083 | |
| Person / Time | |
|---|---|
| Issue date: | 02/24/1989 |
| From: | Chilk S NRC OFFICE OF THE SECRETARY (SECY) |
| To: | Stello V NRC OFFICE OF THE EXECUTIVE DIRECTOR FOR OPERATIONS (EDO) |
| Shared Package | |
| ML20245H200 | List: |
| References | |
| FRN-53FR36338, REF-10CFR9.7, RULE-PR-50 AC26-2-04, AC26-2-4, NUDOCS 8905100111 | |
| Download: ML20246D083 (3) | |
Text
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C 2. b '- 2. M Action: Murley, NRR
- p ,g .
/ g UNITED STATES Cys: Stello
- f. f, NUCLEAR REGULATORY COMMISSION Taylor g 'i waswiwoTow.o.c.wsss Thompson q, g Blaha Wood. NRR
%,*****# February 24, 1989
' Shelton.-IRM CFFICE oF THE Meyer, ADM secneTAny Scroggins, OC MEMORANDUM FOR: Victor Stello,-Jr.
Executive Director for op stions j
FROM: Samuel J. Chilk,' Secreta (7 SUILTECT: STAFF REQUIREMENTS - SEC -l 9-049 - FINAL RULE, 10 CFR PART 50, " C PROPERTY '
l ISSUANCE" -- EXTENSION OF TIME TO IMPLEMENT DECONTAMINATION PRIORITY AND TRUSTEESHIP PROVISIONS OF 50.54 (w) (5) (i)
This is to advise you that the commission has not objected to your proposal to publish a final rule that extends the :
implementation schedule for the stabilization and decontamination priority and trusteeship provisions of its property insurance i regulations contained in 10 CFR 50.54 (w) (5) (i) . J Accordingly, you may extend the implementation schedule. (NRR)
. (Suspense:
Copies: 3/10/89)
Chairman Each Commissioner Roberts commissioner carr l Commissioner Rogers !
Commissioner Curtiss OGC OIA ,
GPA ASLBP l
ASIAP l
I l
I Aerd Off. ED0 8905100111 890503 PDR PR PDR Date 2 3./ . f f 50 53FR36338 ,
Time 11.'/ s . *!
?
DRAFT AC 26 - 1 PDR NRC EXTENDS TIME TO COMPLY WITH ITS REACTOR PROPERTY INSURANCE REQUIREMENTS The Nuclear Regulatory Commission is amending its regulations to extend from October 4, 1908, to April 4, 1990, the time by which power reactor licensees are required to purchase on-site property insurance policies con-taining certain accider,t coverage provisions.
These provisions require that proceeds from the insurance policies shall be used first to stabilize and decontaminate a reactor after an accident and that proceeds be paid to an independent trustee to protect the proceeds against claims for non-accident-recovery purpo.ses, l
l The implementation date has been extended because the insurers offering reactor property insurance were unable to incorporate the required provisions in their policies by the original 1988 date and because insurers have been unable to find anyone willing to act as trustee. In addition, insurers and representatives of the nuclear utility industry have submitted three petitions for rulemaking that would, if adopted, rescind the trusteeship provisions contained in the Commission's regulations.
The eighteen-month extension gives the insurers more time to incorporate appropriate implementation language in their policies while also allowing the Commission time to consider the substantive issues raised in the petitions for rulemaking.
DRAFT
/
2 A proposed rule seeking comment on the extension of the implementation schedule was issued on September 19, 1988. Five comments were received, none of which opposed the extension. The amerdment, which is to Part 50 of the Commission's regulations, became effective on [ insert date of publication in the Federal Register.]
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