ML19060A059

Stephens Insurance, Submittal of 2019 Nuclear Energy Liability Evidence of Financial Protection

ML19060A059
Person / Time
Site:	Vermont Yankee File:NorthStar Vermont Yankee icon.png
Issue date:	02/25/2019
From:	Fortner J Stephens Insurance
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML19060A059 (6)

Text

Stephens Jackson T. Stephens, 19~2006 Chainnan ~ in Pei:petuity February 25, 2019 5'D- 2 7/

U.S. Nuclear. Regulatory Commission ATTN: Document Control Desk, Director, Office of Nuclear Reactor Regulation Washington DC 20555-0001 RE: Entergy - 2019 Nuclear Energy Liability Evidence of Financial Protection *

Dear NRG Document Control Desk:

Per 140.15 Proof of Financial Protection:

Enclosed for your files are the 2019 copies of the American Nuclear Insurers (ANI) Change endorsements licensees noted in the enclosed table, which indicates ANI policy Numbers, to who the policies are issued. The original Signed copies were mailed directly to ANI, as stated on the enclosed "Memorandum to Brokers".

If you have any questions, please do not hesitate to contact me.

Regards,

~n~

James Fortner Vice President Stephens Insurance Little Rock, AR 72201 (501) 377-8435 (Office)

(501) 919-8047 (Mobile) james. fortner@stephens.com stephens Inc. 1111 Center Street Little Rock. AR 72201 501-377-2000t 501-317-2666 f I www.stephens.com 801}643-9691

Jason Martinez, ,CPCU, ARM, ARe Direct.or, underwriting February 7, 2019 Ms. Tricia Brazil Commerical Account Manager Stephenslnsurance,LLC 111 Center Street Little Rock, AR 72201 Re: Entergy Operations, Inc.

Amendatory Endorsement No. 119 for Domestic S& T Policy No. NS -0507 Elf. January 11, 2019

Dear Tricia,

We received Megin Murphy's email on October 10, 2018, notifying us of all the changes regarding this Amendatory Endorsement. We made all the applicable changes per her request.

The reason why it took so long for us to issue the endorsement is because we wanted to wait for the Vermont Yankee (VY) facility to be transferred to Northstar, which took place January 11, 2019, so we could remove the VY facility from the endorsement. With the removal of the VY facility, this produced a return premium and enclosed is a check for that amount ($8,329}.

Also included in the package is the return premium endorsement, invoice, and premium computation sheet for the domestic S&T which shows the return premium.

I trust you will find everything is good order, but please feel free to contact me with any questions or comments.

Yours sincerely, Jason Martinez, CPCU, ARM, ARe Director, Underwriting American Nuclear Insurers

• 95 Glast.onbury Blvd., Suite 30J

• Glast.onbury, er 060334453 jmartinez@Juclearinsurance.com

• Voice: (860) 682-1341

• Fax: (860) 659UD2

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCEPREMIUMANDSTANDARDPREMIU MENDORSEMENT CALENDAR YEAR2019 It is agreed that Items 1 and 2 of Endorsement No. 117 are amended to read:

1. ADVANCE PREMIUM: It is agreed that the Advance Premium due the companies for the period designated above is: $140,034.00

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: $106,910.00 RETURN PREMIUM: $8,329.00 Effective Date of this Endorsement: January 1, 2019 To form a part of Policy No. NS -0507 (12:01 A.M. Standard Time)

Issued To: Entergy Operations, Inc.

Date of Issue: February 6, 2019 For the subscribing companies By---,p-..,,,.~~-Li~.~ffc___-=.;.:;___ _

President Endorsement No: 120 Countersigned by~,,/, ~ k ,

BROKER COPY NE-36

PREMIUM COMPUTATION FOR 2019 REVISION Name Insured: Entergy Operations, Inc.

Policy No: NS-0507 Limit of Liability $ 450,000,000 Underwriter: Jason Martinez Date Prepared: February 6, 2019 Endorsement No: 120 Invoice No: 31338 ReactorS&T BASE ANNUAL P/R PERIOD DAYS P/R PREMIUM PREMIUM PREMIUM 1/1/2019-1/10/2019 10 0.027 16,950 158,000 4,266 1/11/2019 - 12/31/2019 355 0.973 15,255 148,700 144,685 365 1.000 148,951

(*) Entergy 7% Fleet Discount - 10,427 (*)

(a) Reflects charge for specific additional named insureds ($728 x 9) discounted by Fleet Discount. 6,093 (a) 144,617 Standard Commission 10,QQQ X 10% = 1,000 15,000 X 5% = 750 75,000 X 3% = 2,250 44,617 X 1% = 446 Total 4,446 Net Premium Standard Premium 144,617 Less Standard Commission 4,446 Less Tax Load on Standard Commission 137 Net Premium Indication 140,034 Commission 0 (Commission resulted from negotiation between the insured and their broker)

Gross Premium Net Premium Indication 140,034 Plus Commission 0 Plus Tax Load on Commission 0 Gross Premium 140,034 Reserve Premium Gross Premium 140,034 Less Commission 0 Less Tax Load on Gross Premium 4,201 Less 20% of Standard Premium 28,923 Reserve Premium 106,910 NELIA Gross Commission Net Previous 148,363 0 148,363 Current 140,034 0 140,034 Return 8,329 0 8,329

NUCLEAR ENERGY LIABILITY INSURANCE NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION AMENDATORYENDORSEMENT It is agreed that:

1. The limit of the Companies' liability under this policy as stated in Item 4 of the Declarations shall be reduced by the amount of each payment made by the members of Nuclear Energy Liability Insurance Association in discharge of their obligations under-1) Policy No. NS -03 81 issued to Entergy Operations, Inc. by the Nuclear Energy Liability Insurance Association, 2) Policy No. NS -0405 issued to System Energy Resources, Inc. by the Nuclear Energy Liability Insurance Association, 3) Policy No. NS -0428 issued to Louisiana Power &

Light Company by the Nuclear Energy Liability Insurance Association, 4) Policy No. NS -0476 issued to Gulf States Utilities Company by the Nuclear Energy Liability Insurance Association and 5) Policy No. MS

-0109 issued to Gulf States Utilities Company by the Mutual Atomic Energy Liability Underwriters.

2. Item 1 of the Declarations is amended to read:

Item 1 Named Insured: Entergy Operations, Inc.

Address: c/o Entergy Services, LLC Risk Management - Insurance P. 0. Box 61000 New Orleans, LA 70161 Additional Named Insureds Entergy Arkansas, LLC System Energy Resources, Inc.

Entergy Louisiana, LLC Cooperative Energy, a Mississippi electric cooperative System Fuels, Inc.

Entergy New Orleans, LLC Entergy Mississippi, LLC Entergy Corporation Entergy Services, LLC Entergy Nuclear Generation Company Entergy Nuclear Indian Point 2, LLC Entergy Nuclear Indian Point 3, LLC Entergy Nuclear Operations, Inc.

Entergy Nuclear Fuels Company Entergy Nuclear Holding Company, LLC Entergy Nuclear, Inc.

Entergy Nuclear Palisades, LLC Page 1 of2

River Fuel Trust #1 (as Lessor) and U.S. Bank National Association (as Assignee) with respect to Fuel Lease dated December 22, 1988, between River Fuel Trust #1 and Entergy Arkansas, LLC.

River Fuel Company #2, Inc. (as Lessor) and U.S. Bank National Association (as Assignee) with respect to Fuel Lease dated January 31, 1989, between River Fuel Company #2, Inc. and Entergy Louisiana, LLC.

River Fuel Funding Company #3, Inc. (as Lessor) and U.S. Bank National Association (as Assignee) with respect to Fuel Lease dated February 24, 1989, between River Fuel Funding Company #3, Inc. and System Energy Resources, Inc.

River Bend Fuel Services, Inc. (as Lessor) and The Bank of New Yark Mellon (as Assignee) with respect to Fuel Lease dated February 7, 1989, between River Bend Fuel Services, Inc. and Entergy Louisiana, LLC.

3. Except with respect to compliance with the obligations imposed on the insured by Conditions 5, 6, 7 and 8 of this policy, Entergy Operations, Inc. is authorized to act for every other insured in all matters pertaining to this insurance, except for the additional named insureds listed in Schedule A below.

Schedule A Entergy Nuclear Operations, Inc.

Entergy Nuclear Indian Point 2, LLC Entergy Nuclear Indian Point 3, LLC Entergy Nuclear Generation Company Entergy Nuclear Palisades, LLC

4. Except with respect to compliance with the obligations imposed on the insured by Conditions 5, 6, 7 and 8 of this policy, Entergy Nuclear Operations, Inc. is authorized to act for Entergy Nuclear Indian Point 2, LLC, Entergy Nuclear Indian Point 3, LLC, Entergy Nuclear Generation Company and Entergy Nuclear Palisades, LLC in all matters pertaining to this insurance.

5. Endorsement Nos. 1, 10, 20, 34, 41, 54, 56, 59, 64, 80, 83, 87, 94 and 107 are deleted.

Effective Date of this Endorsement: January 11, 2019 To form a part of Policy No. NS-0507 (12:01 A.M. Standard Time)

Issued to: Entergy Operations, Inc.

Date of Issue: February 6, 2019 Endorsement No.: 119 Countersigned by Page 2 of2