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Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001 DNC Serial No. 01-192 B18370 10 CFR 50.80 10 CFR 50.90 U.S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, D.C. 20555 Re: Millstone Nuclear Power Station, Units 1, 2 and 3 Facility Operating License Nos. DPR-21, DPR-65 and NPF-49 Docket Nos. 50-245, 50-336 and 50-423 Millstone Nuclear Power Station License Transfer, Documentary Evidence of Nuclear Liability and Property Insurance Ref: March 9, 2001 letter from Daniel S. Collins, U.S. NRC to R. G. Lizotte, Millstone Nuclear Power Station, Unit Nos. 1, 2, and 3 - Order Approving the Transfer of Licenses from Northeast Nuclear Energy Company, Et. Al., to Dominion Nuclear Connecticut, Inc., and Approving Conforming Amendments (TAC Nos. MA9876, MA9877, and MA9899) Pursuant to section 111(6) of the above referenced NRC Order approving the transfer of Millstone Nuclear Power station from Northeast Nuclear Energy Company to Dominion Nuclear Connecticut, Inc. (DNC), this letter provides documentary evidence that DNC has obtained the appropriate amount of financial insurance required of licensees under 10 CFR Part 140, and the property insurance required of licensees under 10 CFR 50.54(w). Enclosure 1 contains a copy of such documentation. If you have any questions concerning this information, please contact David A. Smith, Process Owner-Regulatory Affairs, Millstone Station at 860-437-5840, or Joseph D. Hegner, Project Supervisor, Dominion Generation, at 804-273-2770.

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Page 1: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

Dominion Nuclear Connecticut, Inc. DominionMillstone Power Station Rope Ferry Road Waterford, CT 06385

March 26, 2001

DNC Serial No. 01-192 B18370

10 CFR 50.80 10 CFR 50.90

U.S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, D.C. 20555

Re: Millstone Nuclear Power Station, Units 1, 2 and 3 Facility Operating License Nos. DPR-21, DPR-65 and NPF-49 Docket Nos. 50-245, 50-336 and 50-423 Millstone Nuclear Power Station License Transfer, Documentary Evidence of Nuclear Liability and Property Insurance

Ref: March 9, 2001 letter from Daniel S. Collins, U.S. NRC to R. G. Lizotte, Millstone Nuclear Power Station, Unit Nos. 1, 2, and 3 - Order Approving the Transfer of Licenses from Northeast Nuclear Energy Company, Et. Al., to Dominion Nuclear Connecticut, Inc., and Approving Conforming Amendments (TAC Nos. MA9876, MA9877, and MA9899)

Pursuant to section 111(6) of the above referenced NRC Order approving the transfer of Millstone Nuclear Power station from Northeast Nuclear Energy Company to Dominion Nuclear Connecticut, Inc. (DNC), this letter provides documentary evidence that DNC has obtained the appropriate amount of financial insurance required of licensees under 10 CFR Part 140, and the property insurance required of licensees under 10 CFR 50.54(w). Enclosure 1 contains a copy of such documentation.

If you have any questions concerning this information, please contact David A. Smith, Process Owner-Regulatory Affairs, Millstone Station at 860-437-5840, or Joseph D. Hegner, Project Supervisor, Dominion Generation, at 804-273-2770.

Page 2: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

U.S. Nuclear Regulatory Commission B 18370/Page 2

There are no regulatory commitments contained in this letter.

Very truly yours,

Dominion Nuclear Connecticut, Inc.

Euge64 S. Grecheck Vice President - Nuclear Operations/Millstone

Sworn to and subscribed before me

thfS 2 day~cqf r.rc-,2001

Noti•y Public

My Commission expires tK,)O\. _'3 /, I

Enclosure (1)

cc: H. J. Miller, NRC Region I Administrator J. B. Hickman, NRC Project Manager, Millstone Unit 1 P. C. Cataldo, Resident Inspector, Millstone Unit 2 D. Collins, NRC Project Manager, Millstone Unit 2 S. R. Jones, Senior Resident Inspector, Millstone Unit 2 V. Nerses, NRC Senior Project Manager, Millstone Unit 3 A. C. Cerne, Senior Resident Inspector, Millstone Unit 3

Page 3: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

Docket No. 50-245 50-336 50-423

B 18370

Enclosure I

Millstone Nuclear Power Station, Unit Nos. 1, 2, and 3

Notification of Transfer of Interest for Millstone Nuclear Power Station Documentary Evidence of Nuclear Liability and Property Insurance

Page 4: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

U.S. Nuclear Regulatory Commission B18370/Enclosure 1

Documentary Evidence of Nuclear Liability and Property Insurance

Policy or Certificate Type of Policy or Number Certificate Site/Unit

NF-173 Facility Form Millstone Nuclear Power Plant

N- 15 Secondary Financial Protection Millstone Nuclear Power Plant Unit 1

N-16 Secondary Financial Protection Millstone Nuclear Power Plant Unit 2

N-103 Secondary Financial Protection Millstone Nuclear Power Plant Unit 3

NW-563 Facility Worker Form Millstone Nuclear Power Plant

XOI-094 Decontamination Liability, Millstone Station Decommissioning Liability and Excess Property Insurance

P01-094 Primary Property and Millstone Station Decontamination Liability

Page 5: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

Marsh USA Inc. 100 N. Tryon Street, Suite 3200 Charlotte, NC 28202

MARSH An MNM Company

CERTIFICATE OF NUCLEAR ENERGY LIABILITY INSURANCE (FACILITY FORM)

This is to certify that there is in force as of the effective date of this Certificate a Nuclear Energy Liability Insurance (Facility Form) Policy issued by members of American Nuclear Insurers as indicated (Companies), to the Insured named herein, with respect to the Nuclear Facility at the Location shown. If such policy is cancelled or otherwise terminated prior to the end of December 31 st of the calendar year in which the Effective Date of this Certificate occurs, the Companies will endeavor to mail or deliver 20 days written notice thereof to the Certificate Holder and this Certificate shall thereupon terminate; but failure to mail or deliver such notice shall impose no obligation or liability of any kind upon the Companies or their agents or representatives. Otherwise this Certificate shall terminate as of the end of such December 31 st. A Certificate will NOT be issued for any subsequent calendar year unless requested in writing.

Name and Mailing Address of Insured: Dominion Nuclear Connecticut, Inc. One James River Plaza Richmond, VA 23261

Effective Date of this Certificate: Coverage is effective upon the consummation of the sale of the Millstone Nuclear Power Station to Dominion Nuclear Connecticut, Inc.

Policy Number: Policy Effective:

January 1, 2001NF- 173

Limit of Liability:

$200,000,000

Name and Address of Certificate Holder: U.S. Nuclear Regulatory Commission Attn: Director, Office of Nuclear Reactor Regulation Washington, DC 20555

Location of the Nuclear Facility (Site Description): Millstone Nuclear Power Plant

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.

The insurance afforded by the policy is subject to the exclusions, conditions and other provisions of the policy. Neither this Certificate nor any contract or other document with respect to which it is issued shall amend, extend or alter the coverage afforded by the policy. The Limit of Liability shown above may have been reduced by payment of claims or claims expenses.

" March 22, 2001 Signature of Authorized Perso'rn) Date Signed

Daniel S. McGarvey, Senior Vice President Name and Title of Authorized Person

Page 6: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

Marsh USA Inc. 100 N. Tryon Street, Suite 3200 Charlotte, NC 28202

MARSH An MAC Company

CERTIFICATE OF NUCLEAR ENERGY LIABILITY INSURANCE (SECONDARY FINANCIAL PROTECTION)

This is to certify that there is in force as of the effective date of this Certificate a Nuclear Energy Liability Insurance (Secondary Financial Protection) Policy issued by members of American Nuclear Insurers as indicated (Companies), to the Insured named herein, with respect to the Nuclear Facility at the Location shown. If such policy is cancelled or otherwise

terminated prior to the end of December 3 1st of the calendar year in which the Effective Date of this Certificate occurs, the Companies will endeavorto mail or deliver 20 days written notice thereof to the Certificate Holder and this Certificate shall thereupon terminate; but failure to mail or deliver such notice shall impose no obligation or liability of any kind upon the Companies or their agents or representatives. Otherwise this Certificate shall terminate as of the end of such December 31 st.

A Certificate will NOT be issued for any subsequent calendar year unless requested in writing.

Name and Mailing Address of Insured: Dominion Nuclear Connecticut, Inc. One James River Plaza Richmond, VA 23261

Effective Date of this Certificate: Coverage is effective upon the consummation of the sale of the Millstone Nuclear Power Station to Dominion Nuclear Connecticut, Inc.

Policy Number:

N-15

Policy Effective:

January 1, 2001

Limit of Liability:

As determined by Price-Anderson Provision of the Atomic Energy Act of 1954 as amended

Name and Address of Certificate Holder: U.S. Nuclear Regulatory Commission Attn: Director, Office of Nuclear Reactor Regulation Washington, DC 20555

Location of the Nuclear Facility (Site Description): Millstone Nuclear Power Plant - Unit 1

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.

The insurance afforded by the policy is subject to the exclusions, conditions and other provisions of the policy. Neither this Certificate nor any contract or other document with respect to which it is issued shall amend, extend or alter the

coverage afforded by the policy. The Limit of Liability shown above may have been reduced by payment of claims or claims expenses.

March 22, 2001 Date SignedSignature of Authorized PersMn?

Daniel S. McGarvey, Senior Vice President

Name and Title of Authorized Person

Page 7: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

Marsh USA Inc. 100 N. Tryon Street, Suite 3200 Charlotte, NC 28202

MARSH An MMC Company

CERTIFICATE OF NUCLEAR ENERGY LIABILITY INSURANCE (SECONDARY FINANCIAL PROTECTION)

This is to certify that there is in force as of the effective date of this Certificate a Nuclear Energy Liability Insurance

(Secondary Financial Protection) Policy issued by members of American Nuclear Insurers as indicated (Companies), to the

Insured named herein, with respect to the Nuclear Facility at the Location shown. If such policy is cancelled or otherwise

terminated prior to the end of December 31 st of the calendar year in which the Effective Date of this Certificate occurs, the

Companies will endeavorto mail or deliver 20 days written notice thereof to the Certificate Holder and this Certificate shall thereupon terminate; but failure to mail or deliver such notice shall impose no obligation or liability of any kind upon the

Companies or their agents or representatives. Otherwise this Certificate shall terminate as of the end of such December 31 st.

A Certificate will NOT be issued for any subsequent calendar year unless requested in writing.

Name and Mailing Address of Insured: Dominion Nuclear Connecticut, Inc. One James River Plaza Richmond, VA 23261

Effective Date of this Certificate: Coverage is effective upon the consummation of the sale of the Millstone Nuclear Power Station to Dominion Nuclear Connecticut, Inc.

Policy Number: Policy Effective: Limit of Liability:

January 1, 2001

Name and Address of Certificate Holder: U.S. Nuclear Regulatory Commission Attn: Director, Office of Nuclear Reactor Regulation Washington, DC 20555

As determined by Price-Anderson Provision of the Atomic Energy Act of 1954 as amended

Location of the Nuclear Facility (Site Description): Millstone Nuclear Power Plant - Unit 2

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON

THE CERTIFICATE HOLDER.

The insurance afforded by the policy is subject to the exclusions, conditions and other provisions of the policy. Neither

this Certificate nor any contract or other document with respect to which it is issued shall amend, extend or alter the coverage afforded by the policy. The Limit of Liability shown above may have been reduced by payment of claims or claims expenses.

March 22, 2001 Date SignedSignature of Authorized Person"J

Daniel S. McGarvey, Senior Vice President Name and Title of Authorized Person

N-16

Page 8: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

Marsh USA Inc. 100 N. Tryon Street, Suite 3200 Charlotte, NC 28202

MARSH An MMC Company

CERTIFICATE OF NUCLEAR ENERGY LIABILITY INSURANCE (SECONDARY FINANCIAL PROTECTION)

This is to certify that there is in force as of the effective date of this Certificate a Nuclear Energy Liability Insurance (Secondary Financial Protection) Policy issued by members of American Nuclear Insurers as indicated (Companies), to the Insured named herein, with respect to the Nuclear Facility at the Location shown. If such policy is cancelled or otherwise terminated prior to the end of December 31 st of the calendar year in which the Effective Date of this Certificate occurs, the Companies will endeavor to mail or deliver 20 days written notice thereofto the Certificate Holder and this Certificate shall thereupon terminate; but failure to mail or deliver such notice shall impose no obligation or liability of any kind upon the Companies or their agents or representatives. Otherwise this Certificate shall terminate as of the end of such December 31 st. A Certificate will NOT be issued for any subsequent calendar year unless requested in writing.

Name and Mailing Address of Insured: Dominion Nuclear Connecticut, Inc. One James River Plaza Richmond, VA 23261

Effective Date of this Certificate: Coverage is effective upon consummation of the sale of the Millstone Nuclear Power Station to Dominion Nuclear Connecticut, Inc.

Policy Number: Policy Effective: Limit of Liability:

January 1, 2001

Name and Address of Certificate Holder: U.S. Nuclear Regulatory Commission Attn: Director, Office of Nuclear Reactor Regulation Washington, DC 20555

As determined by Price-Anderson Provision of the Atomic Energy Act of 1954 as amended

Location of the Nuclear Facility (Site Description): Millstone Nuclear Power Plant - Unit 3

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.

The insurance afforded by the policy is subject to the exclusions, conditions and other provisions of the policy. Neither this Certificate nor any contract or other document with respect to which it is issued shall amend, extend or alter the coverage afforded by the policy. The Limit of Liability shown above may have been reduced by payment of claims or claims expenses.

March 22, 2001 Date SignedSignature of Authorized Personi'

Daniel S. McGarvey, Senior Vice President Name and Title of Authorized Person

N-103

Page 9: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

Marsh USA Inc. 100 N. Tryon Street, Suite 3200 Charlotte, NC 28202

MARSH An A4C Company

CERTIFICATE OF NUCLEAR ENERGY LIABILITY INSURANCE (FACILITY WORKER FORM)

This is to certify that there is in force as of the effective date of this Certificate of Insurance a Certificate to the Master Worker Policy (Nuclear Energy Liability Policy (Facility Worker Form)) issued by members of American Nuclear Insurers as indicated (Companies), to the Insured named herein, with respect to the Nuclear Facility at the Location shown. If such policy is cancelled or otherwise terminated prior to the end of December 31st of the calendar year in which the Effective Date of this Certificate occurs, the Companies will endeavor to mail or deliver 20 days written notice thereof to the Certificate Holder and this Certificate shall thereupon terminate; but failure to mail or deliver such notice shall impose no obligation or liability of any kind upon the Companies or their agents or representatives. Otherwise this Certificate shall terminate as of the end of such December 31 st. A Certificate wilIVOT be issued for any subsequent calendar year unless requested in writing.

Name and Mailing Address of Insured: Dominion Nuclear Connecticut, Inc. One James River Plaza Richmond, VA 23261

Policy Number:

NW-563

Effective Date of this Certificate: Coverage is effective upon consummation of the sale of the Millstone Nuclear Power Station to Dominion Nuclear Connecticut, Inc.

Policy Effective:

January 1, 2001

Name and Address of Certificate Holder: U.S. Nuclear Regulatory Commission Attn: Director, Office of Nuclear Reactor Regulation Washington, DC 20555

Limit of Liability:

$200,000,000

Location of the Nuclear Facility (Site Description): Millstone Nuclear Power Plant

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.

The insurance afforded by the policy is subject to the exclusions, conditions and other provisions of the policy. Neither this Certificate nor any contract or other document with respect to which it is issued shall amend, extend or alter the coverage afforded by the policy. The Limit of Liability shown above may have been reduced by payment of claims or claims expenses.

March 22, 2001 Date SignedSignature of Authorized Pb-on

Daniel S. MeGarvey, Senior Vice President Name and Title of Authorized Person

Page 10: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

Nuclear Electric Insurance limited

NEIL

CERTIFICATE OF INSURANCE

Suite 1200 1201 Market Street

Wilmington, DE 19801 U.S.A.

Tel

302 888-3000 Fax 302 888-3007 Corporate 302 573-2213 Finance 302 888-3008 Insurance 302 888-3095 Loss Control

U. S. Nuclear Regulatory Commission

Washington, DC 20555 Attn: Director, Office of Nuclear Reactor Regulation

THIS IS TO CERTIFY that insurance has been effected with NUCLEAR ELECTRIC INSURANCE LIMITED, 1201 Market Street, Suite 1200, Wilmington, Delaware 19801, under Policy No. P01-094 as follows:

MEMBER INSURED:

ADDRESS:

DOMINION NUCLEAR CONNECTICUT, INC.

P.O. Box 26666 Richmond, VA 23261

PROPERTY INSURED:

COVERAGE:

Millstone Station

Primary Property and Decontamination Liability Insurance

AMOUNT OF INSURANCE:

INSUREDS:

$500,000,000

Dominion Nuclear Connecticut, Inc., Dominion Resources, Inc.

12:01 a.m. on March 30, 2001 to 12:01 a.m. on April 1, 2002, Standard time in Hamilton, Bermuda.

POLICY TERM:

ISSUED TO:

ADDRESS:

Page 11: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

LOSS PAYEE CLAUSE: A. Expenses covered under Section I.A.2 shall be adjusted with the Member Insured and payable to:

Dominion Nuclear Connecticut, Inc.

The Member Insureds may, by written notice to the Insurer, designate other payees.

B. All other covered Losses shall be adjusted with the Member Insured and payable to:

Dominion Nuclear Connecticut, Inc.

The Member Insureds may, by written notice to the Insurer, designate other payees.

This Certificate is not transferable and may be canceled by NUCLEAR ELECTRIC INSURANCE LIMITED by giving 60 days written notice to the party to whom this Certificate is issued prior to cancellation of the insurance described herein, unless specifically provided for otherwise under the Terms, Conditions and Exceptions of the Policy.

THIS CERTIFICATE is for information only; it is not a contract of insurance but attests that a policy as numbered herein, and as it stands at the date of this Certificate, has been issued by the Company. Said policy is subject to change by endorsement and cancellation in accordance with its terms.

EFFECTIVE DATE OF THIS CERTIFICATE: Coverage is effective upon the consummation of the sale of the Millstone Nuclear Power Station to Dominion Nuclear Connecticut, Inc.

CERTIFICATE EXPIRES: April 1, 2002, unless canceled sooner.

Signed by: NUCLEAR ELECTRIC INSURANCE LIMITED

Michael J. Durning Vice President - Underwriting

Page 12: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

Nuclear Electric Insurance Limited

NEIL

CERTIFICATE OF INSURANCE

Suite 1200 1201 Market Street Wilmington, DE 19801

U.S.A.

Tel

302 888-3000 Fix 302 888-3007 Corporate

302 573-2213 Finance 302 888-3008 Insurance 302 888-3095 Loss Control

U. S. Nuclear Regulatory Commission

Washington, DC 20555 Attn: Director, Office of Nuclear Reactor Regulation

THIS IS TO CERTIFY that insurance has been effected with NUCLEAR ELECTRIC INSURANCE LIMITED, 1201 Market Street, Suite 1200, Wilmington, Delaware 19801, under Policy No. XO1-094 as follows:

MEMBER INSURED:

ADDRESS:

DOMINION NUCLEAR CONNECTICUT, INC.

P.O. Box 26666 Richmond, VA 23261

PROPERTY INSURED:

COVERAGE:

Millstone Station

Decontamination Liability, Decommissioning Liability and Excess Property Insurance Policy

AMOUNT OF INSURANCE:

INSUREDS:

POLICY TERM:

LOSS PAYEE CLAUSE:

$2,250,000,000

Dominion Nuclear Connecticut, Inc., Dominion Resources, Inc.

12:01 a.m. on March 30, 2001 to 12:01 a.m. on April 1, 2002, Standard time in Hamilton, Bermuda.

A. Expenses covered under the Nuclear Liability Coverage (paragraph

V. 1 (a)) shall be adjusted with the Member Insured and payable to:

Dominion Nuclear Connecticut, Inc.

The Member Insured may, by written notice to the Insurer, designate other payees.

ISSUED TO:

ADDRESS:

Page 13: Nuclear Connecticut, Inc. Dominion Millstone Power Station · Dominion Nuclear Connecticut, Inc. Dominion Millstone Power Station Rope Ferry Road Waterford, CT 06385 March 26, 2001

B. The expenses covered under the Debris Removal and Decontamination Coverage (paragraph V. 1 (b)), the losses covered under the Property Damage Coverage (paragraph V. 1(c)), and the losses covered under the Functional Total Loss Coverage (paragraph V.2 (a)) shall be adjusted with the Member Insured and payable to:

Dominion Nuclear Connecticut, Inc.

The Member Insured may, by written notice to the Insurer, designate other payees.

C. Expenses covered under the Decommissioning Liability Coverage (subsection VI. 1) shall be adjusted with the Member Insured and payable to:

The Millstone Nuclear Generating Station Nonqualified Decommissioning Trust Fund

The Member Insured may, by written notice to the Insurer, designate other payees.

This Certificate is not transferable and may be canceled by NUCLEAR ELECTRIC INSURANCE LIMITED by giving 60 days written notice to the party to whom this Certificate is issued prior to cancellation of the insurance described herein, unless specifically provided for otherwise under the Terms, Conditions and Exceptions of the Policy.

THIS CERTIFICATE is for information only; it is not a contract of insurance but attests that a policy as numbered herein, and as it stands at the date of this Certificate, has been issued by the Company. Said policy is subject to change by endorsement and cancellation in accordance with its terms.

EFFECTIVE DATE OF THIS CERTIFICATE: Coverage is effective upon the consummation of the sale of the

Millstone Nuclear Power Station to Dominion Nuclear Connecticut, Inc.

CERTIFICATE EXPIRES: April 1, 2002, unless canceled sooner.

Signed by: NUCLEAR ELECTRIC INSURANCE LIMITED

Michael J. Durning Vice President - Underwriting