ML20235P387

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Forwards Endorsements 87,88 & 89 to Nelia Policy NF-214, Endorsements 73,74 & 75 to Maelu Policy MF-72,Endorsements 9 & 10 to Nelia & Maelu Certificates N-50 & M-50 & Endorsements 3 to Nelia & Maelu Certificates NW-119 & MW-45
ML20235P387
Person / Time
Site: Duane Arnold NextEra Energy icon.png
Issue date: 01/16/1989
From: Samuels J
MARSH & MCLENNAN, INC.
To: Dinitz I
Office of Nuclear Reactor Regulation
References
NUDOCS 8903020203
Download: ML20235P387 (15)


Text

- _ _ - - _ _ _ _ . _ _ - - . . - - - - - - _ . _ _ - _ _ _ . _ - _ - - _ . _ ._ _ _ - _ _ _ . - _ - _

Mash &

MG.ennan J .-.

Marsh & McLennan Nuclear 2121 San Jacinto Street 1300 San Jacinto Tower Dallas, Texas 75201 70 337 Telephone 214 979-9900 January 16, 1989 Mr. Ira Dinitz Senior Insurance Indemnity. Analyst Office of Nuclear Reactor Regulation Mail Stop 12E4 U. S. Nuclear Regulatory Commission ,

Washington, D.C. 20555 RE: Iowa Electric Light and Power Company Nuclear. Liability Insurance ANI Policy NF-214, End. 87,88, and 89 MAELU Policy MF-72, End. 73,74, and 75 ANI Certificate N-50, End. 9 and 10 MAELU Certificate M-50, End. 9 and 10 ANI Certificate NW-119, End. 3 MAELU Certificate MW-45, End. 3

Dear Mr. Dinitz:

Enclosed are two certified copies of the captioned endorsements.

Please do not hesitate to call with any questiox.

Regards, 7

/

Mohn L. Samuels Nuclear Consultant iLS/ss Enclosures cc: P. Seckman - IELP M. Nadel - M&M Dallas 1

l 8903020203 890116 ^ hh 1

PDR ADOCK 05000331 J PDC i

(

Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION INCREASE OF LIMIT OF LIABILITY ENDORSEMENT (After Prior increase)

It is agreed that:

.1. The limit of the companies' liability stated in Item 4 of the declarations as amended by the Increase of Limit of Liability Endorsement (s) listed below is further amended to read $ 155,000,000.00  ; but in the event that any payments have heretofore been made by the companies for loss or expense covered by the policy, each of those limits of liability including the limit of liability as amended by this endorsement is reduced in accordance with Condition 3 of the policy by the total amount of those

- payments, except to the extent that any such reduced limit of liability may have been previously restored in accordance with a Restoration of Limit e of Liability Endorsement.

2.

j# 2. The increase in the limit of liability provided by this endorsement applies e4 only with respect to obligations assumed or expenses incurred because of mgg bodily injury or property damage caused, during the period from the

~Q g e effective date of this endorsement to the date of termination of the gag 4 policy, by the nuclear energy hazard.

m is t 5

  1. 3. The original limit of liability stated in Item 4 of the declarations, the 5

Icy ? *$I limit (s) of liability stated in the Increase of Limit of Liability R@Bb 8y>s Endorsement (s) listed below and the amended limit of liability stated in 3 paragraph 1 above shall not be cumulative; and each payment made by the T $ % companies after the effective date of this endorsement for'any loss or Ek'x expense covered by the policy shall reduce by the amount of such payment l y

].Id sf 8 I[Eapplies with respect to the bodily injury or property damage out of which each of those limits of liability, regardless of which limit of liability esW8 a i u ' ,io e such loss or expense arises.

p r

l Previous Increase of Limit of Liability Endorsement (s)

.e E ,4 8 y , ' ? i EndorsementNo.(s): 14, 23, 34, and 41 I

,, ,P ; - i;

., .$u - -

n .

A: m 1 9 J Effective Date of this Endorsement January 1, 1989 To form a part of Policy No NF-214 12:01 A.M. Standard Time Iowa Electric Light & Power Company, Central Iowa Power Cooperative &

Issued to Corn Belt Power Cooperative Date of Issue December 15, 1988 For the subscribing companies By

  • A PRESIDENT Endorsement No 87 Countersigned by NE-12A (1/1/81)
  • ~

/ . Nuclear En:rgy Liability Insur nce NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMlUM AND STANDARD PREMlUM ENDORSEMENT CALENDAR YEAR 1989

1. ADVANCE PREMlUM: It is agreed that the Advance Premium due the companies for the period designated above is:

$ 493,520.00 ,

2. STANDARD PREMlUM AND RESERVE PREMlUM: 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 Stan-dard Premium is said Advance Premium and the Reserve Premium is:

i i

$ 172.7En_nn .

IU m cerS4 iM thb a inie copy of .the arisnal En/m enmat hawng the endarrement number and being made pan j!

w n Nuderr Enetas LiabiDty Poky (Focittyform) as des-enued haren: No insurana N atVorded haffnder.

8, e th E I W e President-Underwriting [  !

Mn 1. Quativ Amen.;an Uudear bisurers

' Effective Date of

-this Endorsement January 1,1989 To form a part of Policy No. NF-214 12:01 A.M. Standard Time Iowa Electric Light & Power Company, Central Iowa Power Cooperative &

Issued to Corn Belt Power Cooperative Date of Issue December 15,1988 For the Subs ribing Companies

/Ikd l By General Manager Countersigned by Authorized Representative Endorsement No. 88

Nuclear Energy Liability Insurance i NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION AMENDMENT OF CONDITION 4 It is agreed that with respect to bodily injury or property damage caused after the effective date of this endorsement by the nuclear energy hazard, the figure "$124,000,000" stated in Condition 4 of this policy is amended to read "$155,000,000."

Es is to cedify that this is a true copy of the original Enderwncm having the endorsement number and being mad of th- Nuck 't Enane Liability Policy (Facili Form) as des-imhned herc( 1 No Imurance s . ida.

.$ . * - p% 4

,laho L Quattrot , -

, Vr;e P:eskient Underwriting Ameru.an Nuclear Insurers I

i Effective Date of this Endorsement August 31, 1988 To form a part of Policy No NF-214 12:01 A.M. Standard Time Iowa Electric Light & Power Company, Central Iowa Power Cooperative &

Issued to Corn Belt Power Cooperative Date of ~ssue December 15, 1988 For t bscribin companies I

44 By _ e General Manager Endorsement No 89 Countersigned by

C j

NUCLEAR ENERGY LIABILITY INSURANCE l

l MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS INCREASE OF LIMIT OF LIABILITY ENDORSEMENT

[After Prior Increase]

It is agreed that:

1. The limit of the companies' liability stated in Item 4 of the declarations as amended by the Increase of Limit of Liability Endorsement [s] listed below is further amended to read $ 45.000,000.00 ; but in the event that any payments have heretofore been made by the companies for loss or expense covered by the policy, each of those limits of liability including g the limit of liability as amended by this endorsement is reduced in accordance d with Condition 3 of the policy by the total amount of those payments, except

..@ to the extent that any such reduced limit of liability may have been pre-

$ viously restored in accordance with a Restoration of Limit of Liability gpg Endorsement.

i:i ag.

5 a' 2. The increase in the limit of liability provided by this endorsement applies  ;

)y 5,'a. g s only with itspect to obligations assumed or expenses incurred because of

y ~+C 4 bodily injury or property damage caused, during the period from the effec-0~E '. tive dat'e of this endorsement to the date of termination of the policy, by

[il$}

"E?O Q the nuclear energy hazard.

.s 8

  1. $y! 1 $ % )? The original limit of liability stated in Item 4 of the declarations, the e limit [s] of liability stated in the Increase of Limit of Liability Endorse-

). f ment [s] listed below and the amended limit of liability stated in paragraph 1

}h[j$gj j above shall not be cumulative; and each payment made by the companies after 6yy3 y the effective date of this endorsement for any loss or expense covered by

'gI;

  • 4 T > sof liability, regardless of which limit of liability applies with respect @ S h

@ j f 7 'i ito the bodily injury or property damage out of which such loss or expense sa jarises.

C ~8 -Q - -e .

$ $ d' i jij Previous Increase of Limit of Liability Endorsement [s]

LC~? n T$6 i p p.3 y y Endorsement No. [s]: 10, 16, 27, and 34 Effective Date of To form a part this Endorsement Januev 1. 1989 of Policy No MF- 72 12:01 A.M. Standard Time Issue to Iowa Electric Light & Power Company, Central Iowa Power Cooperative &

Lorn belt Power Cooperative Date of Issua December 15, 1988 For the Subscribing Companies M UAL ATOMIC ENERGY LIAp!LITY U ERWRITERS By -

v-E ///\ x nt Endorsement No. 73 Countersigned by A utilosuzra Ilma:8r.NTAtlVM NE-12A (1/1/81) __ ____ _ ___ o

.' Nucl:ar Energy Liability Insurance j MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS 1 I

s 1

ADVANCE PREMlUM AND STANDARD PREMlUM ENDORSEMENT CALENDAR YEAR 1989 I

1. ADVANCE PREMlUM: It is agreed that the Advance Premium due the companies for the period designated above is-

$ 143,280.00 ,

2. STANDARD PREMlUM AND RESERVE PREMlUM: 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 Stan-dard Premium is said Advance Premium and the Reserve Premium is:

$ 108.218.00 .

m r, m ~u the nl. :. a tra cony of the udsird .

D rret h,. 191.: endommer.: cumber aJ beine rawte PM ,

if C . tr deet u i. nag Lict,@y Pobey (Facility Form) as des- 1

.sc.d he;cc No insurance is ahorded hen der.

J.hn L Quattiv 1. 2 dr.

American Nacitar mers Effective Date of this Endorsement January 1,1989 To form a part of Policy No. MF-72 12:01 A.M. Standard Time Iowa Electric Light & Power Company, Central Iowa Power Cooperative &

Issued to Corn Belt Power Cooperative Date of Issue December 15,1988  !

For the Subscribing Companies  ;

O MUTUAL AToHIC ENERGY LIABILITY UND ITERS  ;

1 By

  • y vr w Endorsement No. 74 Authorized Representative

__ {

____-____-_-__--__-_-7 Nuclear Energy Liability Insurance MUTUA' L ATOMIC ENERGY LIABILITY UNDERWRITERS AMENDMENT OF CONDITION 4-It is agreed that with respect to bodily injury or property damage caused after the effective date of this endorsement by the nuclear energy hazard, the figure "$36,000,000" stateo in Condition 4 of this policy is amended to read "$45,000,000."

Th: is to cc:rt'!g

' thal this is a true cor,y of the orig;nal fu.:Iorr.cmera ha/ing the endorsement number and laing rnade part or tir- Mua:ar Erxtcy Liebility Policy (Faci!ity Fonn) as des-n;nated hae 7. No losurance is afforded he undet.

.M ,

Jobr. l. C !uattn , We rTemde' iderwritirvj Arcrean Nudear snzurera Effective Date of To form a part this Endorsement August 31, 1988 of Policy No MF-72 12:01 A.M. Standard Time Issued to IowaBelt Corn Electric PowerLicht & Power Comoanv. Central lowa Power Cocoerative &

Cooperative Date of Issue December 15, 1988 For the Subscribing Companies )

MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS (

M By y

  • M .

Endorsement No 7G Countersigned by <

Authorized Representative

Nucieer Energy Liability insurance NUCLEAR ENER3Y LIABILITY INSURANCE ASSOCIATION ENDORSEMENT TO' CERTIFICATE NO. N-50 Forming Part of Master Policy No. 1 Nuclear Energy Liability Insurance (Secondary Financial Protection)

Effective January 1. 1989 , it is agreed that

1. Item 4. of this certificate is amended to read as follows:

Item 4. (a) Identification of crimarv financial orotection applicable to the nuclear reactor and limit (s) of liability thereof:

(1) Facility Form Policies (i) Nuclear Energy Liability Insurance Association's Policy NF- 214

$155,000,000 (ii) Mutual Atomic Energy Liability Under-writers ' Policy MF- 72

$ 45,000,000 (2) Master Worker Policies (Facility Worker

' Form)

(i) Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1 $124,000,000 (ii) Mutual Atomic Energy Liability Underwriters' Master Worker Policy MMWP-1 $ 36,000,000 (b) The following endorsements attached to the Facility Form policies identified in subsection (a) (1) above also apply to the insurance afforded by this Master Policy through this certificate as though they were attached hereto:

(1) Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2) Supplementary Endorsement -

Waiver of Defenses -

Reactor Construction at the Facility.

(c) Sharing of limit (s) of liability provided under the crimarv financial orotection.

(1) The limit of liability provided under each Facility Form policy identified in subsection (a) (1) above is shared among all nuclear reactors on the location described in Item 3 of the Declarations of such policy.

1 i

(2) Tha limit of liability provided under each Master Worker Policy (Facility Worker Form) identified in subsection (a) (2) above is shared among all insureds under all Certificates of Insurance part of the Master Worker Policies.

issued to be a

2. Only with respect to such insurance as is afforded under this certificate, the first paragraph of Condition 6, PRIMARY FINANCIAL PROTECTION of the Master Policy -

Nuclear Energy Liability Insurance (Secondary Financial Protection), is amendert to read as follows: l 1

Regardless of.the number of policies or contracts of Drimarv i financial orotection applicable to a nuclear incident, the limit of (a) all Facility Form Policies identified in Item 4 (a) (i) of (1) this certificate or any other certificate having an e

g endorsement similar to this endorsement attached to e ,

it shall be deemed to be exhausted when the sums paid under said policies are equal to the lesser of i0 (i) the sum of the limit of liability under all such U3 policies, or

_.k

?

mit z a (ii) two hundred million dollars;

'fjj$ (2) a certificate, other than this certificate or a 6m ., $ g certificate which has a provision identical to (a) (1)

's 2M% above, shall be deemed to be exhausted when the sums

p paid under said policies are equal to the lesser of

((

c, 5 M 1 hMC 1[- '

(i) the sum of the limit of liability under said s policies, or 5 h S [,1 y (ii) one hundred sixty million dollars; eg# s Y ^@ !5 " 5 (b) all Master Worker Policies (Facility Worker Form) j ij 3

,i f identified in Item 4 (a) (2) of a certificate shall be d4 deemed to be exhausted when the sums paid under said 2y(%

2W 0 policies are equal to the lesser of 12 " "

(1) the sum of the limit of liability available under all 0 [ fj .

I such Master Worker Policies, or 2 y .y 2 Al )

200T 3 li (2) one hundred sixty million dollars plus the amount of 4+

P El396 9 ci all automatic reinstatements of the Policy Aggregate sU Limit under such policies.

Effective Date of To form a part of this Endorsement January 1, 1989 of Certificate No. N-50 12:01 A.M. Standard Time l Issued to Iowa Electric Light & Power Company, Central Iowa Power Cooperative and l Corn Belt Power Cooperative Date of Issue December 15, 1988 For the Su cribing Companies i I

By

\# General Manager l

Endorsement No. 10 Countersigned by I

___________-___a

k;a. .

'i

.)

(

l Nuclear Energy Liability Insurance j

- MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS

" ENDORSEMENT TO CERTIFICATE No, M-50 l

Forming Part of Master Policy No. 1 Nuclear Energy Liability Insurance (Secondary Financial Protection)

Effective 11anuary 1.19R9 ,it is agreed that
1. Item 4. of this certificate is amended to read as follows:

Item 4. (a) Identification of crimarv financial orotection applicable to the nuclear reactor and limit (s) of liability thereof:

(1) Facility Form Policies (i) Nuclear Energy Liability Insurance Association's Policy NF-214

$155,000,000 (ii)~ Mutual Atomic Energy Liability Under-writers' Policy MF- 72

$ 45,000,000 (2) Master Worker Policies (Facility Worker Form)

(i) Nuclear Energy Liability Insurance Association's Master Worker Policy NMWP-1 .

$124,000,000 (ii) Mutual Atomic Energy Liability Underwriters' Master Worker Policy MMWP-1 $ 36,000,000 (b) The following endorsements . attached to the Facility Form policies identified in subsection (a) (1) above also apply to the insurance afforded. by this Master Policy through this certificate as though they were attached hereto:

(1) Waiver of Defenses Endorsement (Extraordinary Nuclear Occurrence) and (2) Supplementary Endorsement -

Waiver of Defenses -

Reactor Construction at the Facility.

(c) Sharing of limit (s) of liability provided under the crimarv financial orotection.

(1) The limit of liability provided under each Facility Form policy identified in subsection (a) (1) above is shared among all  !

nuclear reactors on the location described in Item 3 of the Declarations of such policy.

m' .

(2) Tho limit of licbility provided undsr ench Master Worker Policy (Facility Worker Form) identified in subsection (a) (2) above is shared among all insureds under all Certificates of Insurance issued to be a part of the Master Worker Policies.

2. Only with respect to such insurance as is afforded under this certificate, the first paragraph of Condition 6, PRIMARY FINANCIAL PROTECTION of the Master Policy - Nuclear Energy Liability Insurance (Secondary Financial Protection), is amended to read as follows:

Regardless of the number of policies or contracts of primary financial orotection applicable to a nuclear incident, the limit of (a) all Facility Form Policies identified in Item 4 (a) (i) of 5

(1) this certificate or any other certificate having an Tg endorsement similar to this endorsement attached to E 'c it shall be deemed to be exhausted when the sums paid

]RS under said policies are equal to the lesser of the sum of the limit of liability under all such p.8 j g (i) 6 T5 1 policies, or j[tE (ii) two hundred million dollars; (2) a certificate, other than this certificate or a EES , 7 certificate which has a provision identical to (a) (1)

"~ above, shall be deemed to be exhausted when the sums 5

s E;) ^

! paid under said policies are equal to the lesser of

b,

- (i) the sum of the limit of liability under said n- policies, or L_ (ii) one hundred sixty million dollars; 5 -

?[,- I F (b) all Master Worker Policies (Facility Worker Form) 1; identified in Item 4 (a) (2) of a certificate shall be

$2 *

  • deemed to be exhausted when the sums paid under said

[ .1 policies are equal to the lesser of o

4 m C -ll (1) the sum of the limit of liability available under all

( . ., ? -l such Mas.ter Worker Policies, or f ~.[. ~t '

(2) one hundred sixty million dollars plus the amount of all automatic reinstatements of the Policy Aggregate Effective Date of Limit under such policies. To form a part of this Endorsement January 1, 1989 of Certificate No. M-50 Iowa Electric Light & Power Company, Central Iowa Power Cooperative, and Issued to Enrn Rolt Pnwer Cooperative Date of Issue nocomber 15. 1988 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY ERWRITERS By y -

Endorsement No. In Countersigned by Authorized Representative

I

[ -

. Nuclear Energy Liability Insurance L NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION ADVANCE PREMlUM AND STANDARD PREMlUM ENDORSEMENT CALENDAR YEAR 1989

1. ADVANCE PREMlUM: It is agreed that the Advance Premium due the companies for the period designated above is:

$ 17.903.00 .

2. STANDARD PREMlUM AND RESERVE PREMlUM: In the absence of a 4 change in the Advance Premium indicated above, it is agreed that, 'I subject to the provisions of the industry Retrospective Rating Plan, the Standard Premium is said Advance Premium and the estimated Reserve Premium element of the Standard Premium is: j This in to certify that this is a true copy of the originst Endorsement

$ 14.322.00 om;ug the endorsement number and being rnade part of the Certificate of insurance bearing the number designated reon for insurance coverage under ie Nuclear Energy Uabliity slicy (Facility Workers form). No insur ce g j .

John L. Quattro I, Vice President-Underwriting American Nuclear Insurers Effective Date of this-Endorsement January 1,1989 To form a part of Certificate No. NW-119 12:01 A.M. standard Time Issued to Iowa Electric Light & Power Co., Central Iowa Power Cooperative & Corn Belt Power Cooperative i p,t,of 733y, December 15,1988 For the Subscribing Companies l

l By, PRESIDENT Endorsement No. 3 Counterr,igned by NE-W-2 i

_ _ _ _ _ ______ _ --_ J

Nuclear Energy Liability Insurance MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS 3

3 ADVANCE PREMlUM AND STANDARD PREMlUM ENDOR3EMENT CALENDAR YEAR 1989

1. ADVANCE PREMlUM: It is agreed that the Advance Premium due the l companies for the period designated above is:

l I

$ 5,197.00 .

2. STANDARD PREMlUM AND RESERVE PREMlUM: In the absence of a

~

change in the Advance Premium indicated above, it is agreed that, subject to the provisions of the Industry Retrospective Rating Plan, the Standard Premium is said Advance Premium and the estimated Reserve Premium element of the Standard Premium is:

$ 4.158.00 Thic is to certify that this is a true copy of the original Endorsement riaving tha endorsement number and being made part of the Certificate of Insurance bearing the number designrated horcen for insurance coverage under the Nuclear Energy Liability fp. f ilcy (Facility Workers Form). No incu ance is afforded hereur: der. //

John L. Quattr~ N..S idr Amencan Nucle Insurers h

Effective Date of this Endorsement Januay1,1989 To form a part of Certificate No. MW-45 12:01 A.M. Standard Time Issued to _IDWiLfleC.tr_iC_Ligitt _&_EQWer_ComCentraLlowa_Eower_ cooperative & Corn Belt Power Date of Issue December 15,1988 For the Subscribing Companies MUTUAL ATOMIC ENERGY LIABILITY UND WRITERS By *

  • Endorsement No. 3 Countersigned by YZ-W-2

Nuclear Energy Liability Insurance NUCLEAR ENERGY LIABILITY INSURANCE ASSOCIATION l

j ANNUAL. PREMIUM ENDORSEMENT Calendar Year 1989 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $ 5,813.00 .

CERTIFICATE, DEARING THE NUMBER DE LIABluTY INS 1RANCE INSURANCE E AFF0PND BY T^ 'S ~'

(SECONDARY OTECTION), NO F JOHN L QUA ~ 'OdCHF ~

VICE PRESIDEN -UNDERWRITING AMERICAN NUCLEAR INSURCRS Ef fective Date of this Endorsement January 1, 1989 To form a part of Certificate No. N-50 12:01 A.M. Standard Time Iowa Electric Light & Power Company, Central Iowa Power Cooperative and Issued te Corn Belt Power Cooperative Date of Issue December 15, 1988 For the Subscribing Companies

// ,

q ,

By ' ," . /b5 V ,, Ah s PRESIDENT Endorsement No. 9 Countersigned by l _ _ - _ - _ _ _ _ _ . . _ _ - _

r_. - - -- -- -. - - - - - - - - - - . . - --- - - ____. ____--._____ _ --------- _ _ _

,. c. . .

Nuclear Energy Liability Insurance MUTUAL ATOMIC ENERGY LIABILITY UNDERWRITERS.

ANNUAL PREMIUM ENDORSEMENT Calendar Year 1989 ANNUAL PREMIUM: It is agreed that the Annual Premium due the companies for the period designated above is: $. 1,688.00 .

THIS (S TO CERTIFY THAT THIS IS A TRUE COPY OF THE OR!GINAL CERTIFICATE, BEARING THE NUMBER DES!GNATED HEREON, FOR INSURANCE COVERAGE UNDER THE PROTECTION), MASTER DLICY-NUCLEAR NO ENERGY LJABILITY l ISURANCE (SECONDARY FJNANC!

INSURANCE 'S A ED JOHN L. O' TROCCHI VICE PRESIDENT UNDERWRITING AMERICAN NUCLEAR INSURERS

)

Effective Date of this Endorsement January 1, 1989 To form a part of Certificate No. M-50 12:01 A.M. Standard Time Iowa Electric Light & Power Company, Central Iowa Power Cooperative, and l Issued to Corn Belt Power Cooperative '

Date of Issue December 15, 1988 For the Subscribing Companies MUTUAL TOMIC ENERGY LIABILITY ERWRITERS

,, .s.d m g Endorsement No. 9 Countersigned by I

L