ML19093B438

Response to Request for Returning a Signed & Accepted Copy of Amendment Number 9 Which Is Made a Part of Indemnity Agreement Number B-45

ML19093B438
Person / Time
Site:	Surry
Issue date:	09/06/1978
From:	Proffitt W Virginia Electric & Power Co (VEPCO)
To:	Saltzman J Office of Nuclear Reactor Regulation
References
Download: ML19093B438 (3)

Text

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VIRGINIA ELECTRIC .AND POWER COMPANY RICHMOND, VIRGINIA 23261

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W. L. PROFFITT September 6, 1978 SENIOR VICE PBE6IDENT

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Mr. Jerome Saltzman, Chief Serial No. 478/0'81478 *.,,1 .0 Antitrust &Indenmity Group INS./SBF:bjo Office of Nuclear Reactor Regulation Docket No. 50-280 United States Nuclear Regulatory* 50-281 Conunission

• License No. DPR-32 Washington, D. C. 20555 DPR-37

Dear Mr. Saltzman:

We are returning a signed and accepted copy of .Amendment Number 9 which is made a part of Indemnity Agreement Number B-45. The request for the return 0£ this document was contained in your letter of August 14, 1978 to Mr. Stanley Ragone's attention.

The .Amendment has been attached to and made part of the Indenmity Agreement which is on file in our Insurance Department.

Very truly yours,

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W. L. Proffitt

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e UNITED STATES e

NUCLEAR REGULATORY COMMISSION WASHINGTON, D. C. 20555 September 6, 1978 Docket Nos. 50-280 50-281 AMENDMENT TO INDEMNITY AGREEMENT NO. B-45 AMENDMENT NO. 9 Effective August 1, 1977, Indemnity Agreement No. B-45, between Virginia Electric and Power Company, and the Atomic Energy Commission, dated August 11, 1970, as amended, is hereby further amended by adding a new Article VIII to read as follows:

11 ARTICLE VI II 11

1. If the licensee fails to pay assessed deferred premiums, the Commission reserves the right to pay those premiums on behalf of the licensee and to recover the amount of such premiums from the licensee.

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2. The Commission shall require the immediate submission of financial statements by those licensees who indicate, after an assessment of the retrospective premium by the insurance pools, tha-t they will not pay the assessment. Such financial statements shall include, as a minimum, exhibits indicating internally generated funds from operations and accumulated retained earnings. Subsequent submission of financial statements by such licensees may be requested by the Commission, as required.

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3. If premiums are paid by the Commission as provided in paragraph l, payment by the Commission shall create a lien in the amount paid in favor of the United States upon all property and rights to property, whether real or personal, belonging to such licensee. The lien shall arise at the time payment is made by the Commission and shall continue until the liability for the amount (or a judgment against the licensee arising out of such liability) is satisfied or becomes unenforceable. The Commission will issue a certificate of release of any such lien if it finds that the liability for the amount has been fully satisfied or has become legally unenforceable.

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4. If the Commission determines that the licensee is financially able to reimburse the Commission for a deferred premium payment made in its behalf, and the licensee, after notice of such determination by the Commission fails to make such reimbursement within 120 days, the Commission will take appropriate steps to suspend the license for 30 days. The Commission may take any further action as necessary if reimbursement is not made within the 30-day suspension period including, but not limited to, termination of the operating license. 11 FOR THE UNITED STATES NUCLEAR REGULATORY COMMISSION

~~--5 Jerome Saltzman, Chief.

Antitrust and Indemni y Group Office of Nuclear Re1fctor Regulation Accepted September 6, , 1978 By~~

VIRGINIA ELECTRIC AND POWER COMPANY