ML17104A101

Maine Yankee Independent Spent Fuel Storage Installation - Nuclear Liability Insurance Coverage

ML17104A101
Person / Time
Site:	Maine Yankee
Issue date:	02/28/2017
From:	Pizzella C M Maine Yankee Atomic Power Co
To:	Document Control Desk, Office of Nuclear Material Safety and Safeguards
References
OMY-17-003
Download: ML17104A101 (8)

Text

MAINE YANKEE 321 Old Ferry Road, Wiscasset, Maine 04578 ATTN: Document Control Desk U.S. Nuclear Regulatory Commission Washington, DC 20555 -0001 Maine Yankee Atomic Power Company February 28,2017 OMY-17-003 10 CFR 140.15(e)

Maine Yankee Independent Spent Fuel Storage Installation NRC License No. DPR-36 (NRC Docket No. 50-309)

Subject:

Nuclear Liability Insurance Coverage The purpose of this letter is to provide the NRC with proof of financial protection in the form of nuclear liability insurance for the Maine Yankee Plant in accordance with 10 CFR 140.15( e). Type of Coverage and Markets Limits Purchased Primary Nuclear Liability Insurance American Nuclear Insurers $100 Million Total $100 Million Attachment 1 provides the pertinent endorsements effective January 1, 2017. It is forwarded to you in accordance with the requirements of 10 CFR 140.15 (e). If you should have any questions regarding this submittal, please contact me at (860) 267-6426.

Respectfully, Carla M. Pizzella Vice President, Chief Financial Officer & Treasurer

Attachment:

1. Nuclear Energy Liability Insurance, Nuclear Energy Liability Insurance Association, Advance Premium and Standard Premium Endorsements, Calendar Year 2017 cc: D. H. Dorman, NRC Region I Administrator R. Powell, Chief, Decommissioning Branch, NRC, Region I J. Goshen, NRC Project Manager, Maine Yankee ISFSI ATTACHMENT 1 TO OMY-17-003 NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENTS CALENDAR YEAR 2017 NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT CALENDAR YEAR 2017 1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: $283,374.00

2. STANDARD PREMIUM AND RESERVE PREMIUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premuim and the Reserve Premium is: $216,983.00 Effective Date of this Endorsement:

January 1, 2017 To form a part of Policy No. NF -0194 (12:01 A.M. Standard Time) Issued To: Maine Yankee Atomic Power Company Date of Issue: November 8, 2016 For the subscribing companies By QJ o President Endorsement No: 204 Countersigned by NE-36 NUCLEAR INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION AMENDMENT OF CONDITION 4 It is agreed that with respect to bodily injury, property damage, environmental damage or evacuation of the public caused after the effective date of this endorsement by the nuclear energy hazard, the figure "$375,000,000" stated in Condition 4 of this policy is amended to read "$450,000,000".

Effective Date of this Endorsement:

January 1, 2017 To form a part of Policy No. NF -0194 (12:01 A.M. Standard Time) Issued to: Maine Yankee Atomic Power Company Date of Issue: December 5, 2016 For the subscribing comp(ls By ';) I<vJ ( President Endorsement No.: 203 Countersigned by NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMIUM AND STANDARD PREMIUM ENDORSEMENT CALENDAR YEAR 2017 1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: $42,654.00

2. STANDARD PREMIUl\I AND RESERVE PREMIUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premuim and the Reserve Premium is: $32,664.00 Effective Date of this Endorsement:

January 1, 2017 To form a part of Certificate No. mv -0578 (12:01 A.M. Standard Time) Issued To: Maine Yankee Atomic Power Company Date of Issue: October 22, 2016 For the subscribing companies

i2 QJ President Endorsement No: 23 Countersigned by L NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION CALENDAR YEAR 2017 1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: $39,825.00

2. STANDARD PREMIUM AND RESERVE PREMIUM: In the absence of a change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Credit Rating Plan, the Standard Premium is said Advance Premuim and the Reserve Premium is: $30,198.00 Effective Date of this Endorsement:

January 1,2017 To form a part of Policy No. NS -0482 (12:01 A.M. Standard Time) Issued To: Maine Yankee Atomic Power Company Date of Issue: November 18,2016 For the subscribing companies By i2 QJ o President Endorsement No: 92 Countersigned by L NE-36 NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION AMENDMENT OF CONDITION 4 It is agreed that with respect to bodily injury, property damage or environmental damage caused after the effective date of this endorsement by the nuclear energy hazard, the figure" $3 75,000,000" stated in Condition 4 of this policy is amended to read "$450,000,000".

Effective Date of this Endorsement:

January 1, 2017 (12:01 AM. Standard Time) To form a part of Policy No. NS -0482 Issued to: Maine Yankee Atomic Power Company For the subscribing companies By Jea-L-';) QJ o President Date of Issue: December 5, 2016 Idorsement No.: 91 Countersigned by NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION AMENDATORY ENDORSEMENT INCREASE OF POLICY AGGREGATE LIMIT (Facility Worker Form) 1. The Policy Aggregate Limit stated in paragraph A.l. of Section VIII, AMOUNT OF INSURANCE AVAILABLE, as amended by Endorsement Nos. 7 & 18, is further amended to read $450 million. The increase in the Policy Limit provided by this endorsement applies only with respect to obligations assumed and expenses incurred because of bodily injury under all workers' claims that qualify for coverage under this policy caused from the effective date of this endorsement to the date of termination or expiration of this policy. 2. The original Policy Aggregate Liiuit stated in paragraph A.l. of Section VIII, AMOUNT OF INSURANCE A V AILABLE, the amended Policy Aggregate Limit stated in Endorsement Nos. 7 & 18, and the amended Policy Aggregate Limit stated in paragraph 1 above shall not be cumulative, and each payment made by the companies after the effective date of this endorsement for any loss or expense covered by the policy shall reduce by the amount of such payment each of those Policy Aggregate Limits, regardless of which Policy Aggregate Limit applies with respect to the bodily injury out of which such loss or expense arises. 3. In paragraph C.2. of Section VIII, AMOUNT OF INSURANCE AVAILABLE, the term H$400 million", as amended by Endorsement Nos. 7 & 18, is further amended to read "$900 million" . Effective Date of this Endorsement:

January 1. 2017 (12:01 A.M. Standard Time) Date of Issue: December 5.2016 To form a part of Nuclear Energy Liability Policy (Facility Worker Form) which is a Master Worker Policy in the custody of Nuclear Energy Liability Insurance Association For the subscribing companies By QJ o President Countersigned by Endorsement No.: 29 MWP-2-6 (1/1/17) INSURED COpy