Maine Yankee Atomic Power Company - Page 14




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          power contracts.  The only reference to the operating license in            
          the power contracts was to a general standard of operation and              
          maintenance that was “in accordance with good utility practice              
          and all applicable law, including the applicable provisions of              
          the Atomic Energy Act of 1954, as amended, and of any licenses”.            
          This general standard of operation and maintenance, without more,           
          does not incorporate the operating license, or amendments or                
          appendices thereto, into the power contracts.                               
               The operation of the plant was subject to many laws and                
          regulations.  For any changes that petitioner wanted to make in             
          its plant equipment or operations, it had to submit an                      
          application for an amendment to its operating license to the NRC.           
          Petitioner’s application was then subject to the review and                 
          approval of the NRC.  Thus, the operating license and amendments            
          and appendices thereto resulted from internally generated                   
          documents that were submitted to NRC by petitioner for approval.            
          The purpose of the NRC was to oversee nuclear power plants,                 
          protect the health and safety of the public, and assure                     
          compliance with the law.  NRC did not initiate or require                   
          petitioner to make modifications to its plant equipment or                  
          operations.                                                                 
               The operating license was not prepared contemporaneously               
          with the power contracts.  The power contracts were entered into            
          on May 20, 1968, and the operating license was issued on                    






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Last modified: May 25, 2011