ML20155J017

Forwards Environ Assessment & Finding of No Significant Impact Re Temporary Exemption from 10CFR50.54(w)(5)(i) Re Schedular Requirements of Property Insurance Rule,Effective 881004

ML20155J017
Person / Time
Site:	Three Mile Island
Issue date:	10/19/1988
From:	Masnik M Office of Nuclear Reactor Regulation
To:	Roche M GENERAL PUBLIC UTILITIES CORP.
Shared Package
ML20155J018	List: ML20155J017 ML20155J019
References
NUDOCS 8810250086
Download: ML20155J017 (3)

Text

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4 o ciou o UNITED STATES

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! n NUCLEAR REGULATORY COMMISSION f 3 oa WASHINGTON, D. C. 20665

% October 19, 1988 Docket No. 50-320 Mr. Michael B. Roche Vice President / Director Three Mile Island Unit 2 GPU Nuclear Corporation Post Office Box 480 Middletown, Pennsylvania 17057

SUBJECT:

THREE MILE ISLAND NUCLEAR STATION UNIT 2 - ENVIRONMENTAL ASSESSMENT AND FINDING OF NO SIGNIFICANT IMPACT - TEMPORARY EXEMPTION FROM THE SCHEDULAR REQUIREMENTS OF THE PROPERTY INSURANCE RULE EFFECTIVE OCTOBER 4,1988(10CFR50.54(w)(5)(i))

On August 5, 1987, the NRC published in the Federal Register a finai rule amending 10 CFR 50.54(w). The rule increased the amount of on-site property damage insurance required to be carried by NRC's power reactor licensees. The rule also required these licensees to obtain by October 4, 1988 insurance policies that prioritized insurance proceeds for stabilization and decontamina-tion af ter an accident and provided for payment of proceeds to an independent trustee who would disburse funds for decontamination and cleanup before any other purpose.

Subsequent to publication of the rule, the NRC has been informed by insurers who offer nuclear property insurance that, despite a good faith effort to obtain trustees required by the rule, the decontamination priority and trusteeship provisions will not be able to be incorporated into policies by the time required in the rule. In response to these coments and related petitions for rulemaking, the Comission has )roposed a revision of 10 CFR 50.54(w)(5)(1) extending the implementation scledule for 18 months (53 FR 36338 September 19 -

1988). However, since this rulemaking action was not completed by October 4, 1988, the Comission is issuing a temporary exemption from the requirements of 10 CFR 50.54(w)(5)(1) implementation date specifieo untilincompletion of the pending)rulemaking 10 CFR 50.54(w)(5)(1 , but not later thanexterding the April 1, 1989. Upon completion of such rulemaking, the licensee shall comply with the provisions of such rule.

of Enclosed relating to aistemporary an Environmental exemption from Assessment 10 CFR 50.54 and Finding (w)(No 5)(i) for Significant the Three Mile Impact l Island Nuclear Station, Unit 2.

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, Michael B' Roche

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Michael T. Masnik, Senior Project Manager l

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