ML20325A148

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Nudear Electric Insurance Limited, Holtec Decommissioning International Oyster Creek Nuclear Generating Station Renewed Facility Operating License No. DPR-16
ML20325A148
Person / Time
Site: Oyster Creek
Issue date: 09/22/2020
From: Curtis R
Nuclear Electric Insurance, Ltd
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML20325A148 (4)


Text

NEIL~ -

Nudear Electric Insurance Limited 1201 N Market St Suite 1100 Wllmlngton, DE 19801 USA office + 302 888 3000 fax + 302 888 3007 September 22, 2020 ATTN: Document Control Desk Director, Office of Nuclear Reactor Regulation U.S. Nuclear Regulatory Commission Washington, DC 20555-0001 Re: Holtec Decommlsslonlng International Oyster Creek Nuclear Generating Station Renewed Facility Operating License No. DPR-16

Dear Mr. Olvera:

On July 26, 2019, we notlfled the NRC of our commitment to provide a property Insurance policy to Hottec Decommissioning International for the Oyster Creek Nuclear Generating Station. The Policy was Issued to Holtec on August 26, 2019.

We are now writing to provide notice that effective September 15, 2020 Holtec Decommissioning International cancelled Its Primary Property Insurance Policy with NEIL for Oyster Creek. A copy of the emall notice we received from Holtec's Broker Is attached. As per Holtec's request, NEIL Is processing the cancellation and no longer Insures the Oyster Creek Nuclear Generating Station.

Please feel free to contact me with any questions.

Regards, Robert Curtis Vice President, Chief Underwriting Officer cc: Tim Farward (Marsh USA)

Scott Lauchlan (NEIL)

Jon Levis (NEIL)

Ken Manne (NEIL)

Peter Cavanaugh (NEIL)

Layla Smith From: Farward, Timothy Sent Tuesday, September 15, 2020 8:20 PM To: Jon Levis ,

Cc: Scott A Lauchlan; John Oehler; Compton, Jake Subject [External] Holtec - Oyster Creek Cancellation Request Attachments: Oyster Creek onsite financial protection signed 15 SEP 2020.pdf USE CAUTION - EXTERNAL SENDER Do not cllck on Hnks or open attachments that are not expected.

If you have questk>ns or concerns, please contact the NEIL Helpdesk.

Jon, On behalf of Holtec lntematlonal, and as per the attached letter to the Nuclear Regulatory Commission (NRC) we are requesting a cancellation of the Oyster Creek Environmental Protection, LLC, Nuclear Liability and Decontamination policy P1203 effective 9/15/2020.

We certainly appreciate NEil's continued support to Holtec International as they continue their business operations in decommissioning of nuclear power plant facilities. Based on Endorsement #1 on policy P1203, we understand the earned premium on the policy will be fully due to NEIL, but request an estimate of the "Excess of Paid Premium above the Earned Premium* due to Holtec based on the Short Rate Table.

if you have any questions or concerns or would like to discuss In detail please let me know.

Regards, Tim nm w. Farward, ARM Senior Vice President I U.S. Nuclear Energy Practice Leader, Marsh JLT Specialty Three Logan Square, 1717 Arch Street, Suite 1100, Phlladelphla, PA 19103, USA

+1 215 246 1159 I Moblle +1 215 439 5284 I Fax +1 215 246 1399 I1m,farward@marsh.com I www.marsh.com See the Marsh & McLennan Coronavlrus Hub for the latest on COVID19 This e-mail, inciudmg any attachments that accompany it, may contam information that is conf1dent1al or privileged. This e-mail is mtended solely for the use of the individual(s) to whom it was intended to be addressed. If you have received this e-mail and are not an intended recipient, any disclosure, d1stnbution, copymg or other use or retention of this email or information contained within it are prohibited.

If you have received this email in error, please immediately reply to the sender via e-mail and also permanently delete all copies of the original message together with any of its attachments from your computer or device.

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HOLTEC Krishna P. Singh Technology Campus, 1 Hottec Blvd., Camden, NJ 08104 Telephone(856)797-0900

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Fax (856) 797-0909 DECOMMISSIONING 1-NTE-R-NATIONAL 10 CFR 50.54(w)

September 15, 2020 U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555 Oyster Creek Nuclear Generating Station Renewed Facility Operating License No. DPR-16 NRC Oocket No. 50-219 subject Oyster Creek Nuclear Onslte Property Damage Insurance

References:

[1] Letter from Andrea L. Sterdis, (Holtec Decommtasioning International, LLC) to U.S. Nuclear Regulatory Commtssion, *Nuctear Onsfte Property Insurance (10 CFR 50.54(w)(3))," dated April 1, 2020 (ADAMS Accession No. ML20092N433)

[2] Letter from Andrea L Sterdis, (Holtec Decommissioning International, LLC) to U.S. Nuclear Regulatory Commission, *Report on Status of Decommissioning Funding for Reactors and Independent Spent Fuel Storage Installations,* dated March 31, 2020 (ADAMS Accession No. ML20091M858)

In Reference 1, Holtec Decommissioning International, LLC (HDI) submitted the required annual report in accordance with 10 CFR 50.54(w)(3) to document the current levels and sources of onslte property damage Insurance. HDI is providing this courtesy notification to the NRC to communicate that the required financial protection for the Oyster Creek site Is being transitioned to a combination of Insurance and Nuclear Decommisaionlng Trust (NOT) excess funds as shown in Reference 2. Initially, Mldlantic Equity Insurance Company (MEIC) will cover the first

$20M of the $50M currently required.

The Identified coverage provided by the insurance and the NOT excess funds provide the financial protection required In 10 CFR 50.54(w).

There are no regulatory commitments contained within this letter.

If you have any questions, please contact me at (856) 797-0900 x 3813.

Sincerely, Andre~~~~

Sterd1s ~~

Andrea L. Sterdis HDI VP, Regulatory and Environmental Affairs Holtec Deconvnlssioning lntematlonal, UC HDI-OC-20-076

HOLTEC Krishna P. Singh Technology Campus, 1 Hottec Blvd., Camden, NJ 08104 Telephone(856)797-0900 Fax (856) 797-0909 DECOMMISSIONING . '

INTERNATIONAL cc:

  • NRC Regional Administrator-Region I
  • NRC NMSS Project Manager (Oyster Creek Nuclear Generating Station)
  • New Jersey Bureau of Nuclear Engineering, Assistant Director Radiation Protection Element