ML23356A021

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American Nuclear Insurers, Secondary Financial Protection (SFP) Program
ML23356A021
Person / Time
Site: Indian Point  Entergy icon.png
Issue date: 12/01/2023
From: Martinez J
American Nuclear Insurers
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML23356A021 (2)


Text

Jasom Martinez, CPCU, ARM, ARe Director, Underwriting December 1, 2023 Attn: Document Control Desk U.S. Nuclear Regulatory Commission Washington, DC 20555-0001 Re: Secondary Financial Protection (SFP) Program To Whom It May Concern:

Enclosed is the Notification of Change in the Number of Power Reactors in the Secondary Financial Protection (SFP) Program. As a result of this change the total number of participants in the SFP program has decreased from 97 to 95.

Sincerely, Jason Martinez, CPCU, ARM, ARe Director, Underwriting American Nuclear Insurers 95 Glastonbury Blvd., Suite 300 Glastonbury, CT 06033-4453 jmartinez@amnucins.com Voice: (860) 682-1341 Ext. 245 Fax: (860) 659-0002

Jason Martinez, CPCU, ARM, ARe Director, Underwriting December 1, 2023 MEMORANDUM TO OPERATING POWER REACTOR RISK MANAGERS AND THEIR BROKERS Notification of Change in the Number of Power Reactors in the Secondary Financial Protection (SFP) Program Further to our memorandum dated July 28, 2023, we have been advised that the Nuclear Regulatory Commission has granted Holtec Indian Point 2, LLC, Holtec Indian Point 3, LLC and Holtec Decommissioning International, LLC an exemption on November 16, 2023, to remove the Indian Point Nuclear Generating Station from the Secondary Financial Protection (SFP) program. Per the request of Holtec Indian Point 2, LLC, Holtec Indian Point 3, LLC and Holtec Decommissioning International, LLC, American Nuclear Insurers (ANI) has cancelled the Indian Point's Unit 2 and 3 certificates under the SFP Master Policy effective the same date. As a result of this, the total number of participants in the SFP program has decreased from 97 to 95.

The total amount of financial protection available for a nuclear incident is now $16,213,093,500*

which is determined as follows:

Primary Limit: $450,000,000

~

Total Amount available under the SFP Program: $15,763,093,500**

  • Does not include any additional funds from foreign Convention on Supplementary Compensation for Nuclear Damage (CSC) Contracting States.
    • Maximum retrospective premium is $165,927,300 per reactor which includes the 5%

additional assessment pursuant to 42 U.S.C.A. § 2210(o)(l)(E). $165,927,300 x 95 reactors=

$15,763,093,500.

Please feel free to contact me with any questions or comments.

Regards, Jason Martinez, CPCU, ARM, ARe Director, Underwriting c: Nuclear Regulatory Commission - Document Control American Nuclear Insurers 95 Glastonbul)' Blvd., Suite 300 Glastonbul)', CT 06033-4453 jmart.inez@nuclearinsurance.com Voice: (860) 682-1341 Fax: (860) 659-0002