ML083290102
| ML083290102 | |
| Person / Time | |
|---|---|
| Site: | Waltz Mill, 07000698 |
| Issue date: | 11/21/2008 |
| From: | Ray Lorson Decommissioning Branch I |
| To: | George Thomas JPMorgan Chase Bank |
| References | |
| Download: ML083290102 (5) | |
Text
Official Use Only - Proprietary Information UNITED STATES NUCLEAR REGULATORY COMMISSION REGION I 475 ALLENDALE ROAD KING OF PRUSSIA, PENNSYLVANIA 19406-1415 November 21, 2008 Docket Nos. 05000022 License Nos. TR-2 07000698 SNM-770 Gina Thomas JP Morgan Chase Bank c/o JP Morgan Treasury Services 10420 Highland Manor Drive Tampa, FL 33610
SUBJECT:
RETURN OF ORIGINAL FINANCIAL ASSURANCE DOCUMENTS REGARDING THE WESTINGHOUSE ELECTRIC COMPANY LLC WALTZ MILLS SITE AND THE CBS FORMER TR-2 TEST REACTOR FACILITY IN MADISON, PENNSYLVANIA
Dear Ms. Thomas:
In accordance with NRC regulations, CBS Corporation has been required to maintain decommissioning financial assurance for facilities at the Waltz Mills site in Madison, PA. CBS provided decommissioning financial assurance for the former TR-2 test reactor at this location and provided a portion of the decommissioning financial assurance that was used by Westinghouse Electric Company LLC (Westinghouse) to meet a portion of its financial assurance obligations for the SNM-770 license, also located at the Madison, PA site.
On March 26, 2008, the NRC amended the Westinghouse SNM-770 license to incorporate the residual radioactive material possessed under the CBS TR-2 license. In this amendment, the NRC accepted certain additional decommissioning financial assurance commitments from Westinghouse. On September 19, 2008, the NRC completed action on the CBS request to terminate the TR-2 license [ML081330398]. As a result of the transfer of the residual radioactive materials associated with the former TR-2 test reactor to Westinghouse, the additional decommissioning financial assurance commitment from Westinghouse, and the termination of the CBS TR-2 license, CBS is no longer obligated to maintain financial assurance for decommissioning, since it will no longer have any decommissioning obligations to assure.
Therefore, as a result of these administrative actions taken by the NRC regarding the Westinghouse SNM-770 and the CBS TR-2 licenses, we are returning the following original financial assurance documents, because decommissioning financial assurance is no longer required to be maintained by CBS.
When detached from enclosures, this document is decontrolled.
Official Use Only - Proprietary Information
Official Use Only - Proprietary Information G. Thomas 2
The Letters of Credit may be terminated/cancelled. The following documents are being returned:
Letter of Credit from Chase Manhattan bank dated April 19, 2002 and March 5, 2003 [ML083110825]
Continuing Certification of Financial Assurance dated 3/22/96 and Schedule A to Standby Trust Agreement dated 1/96 [ML083110818]
Letter of Credit from Bank of New York dated December, 14, 2000, Standby Trust Agreement dated April 7, 1996, and Amendments Nos, 3 & 4 to Standby Trust Agreement [ML060180216]
Standby Trust Agreement amendment No. 1 [ML083110809]
Standby Trust Agreement amendment No. 2 [ML083110794]
The CBS Senior Financial Analyst requested that the original documents be returned directly to the bank. If you have any questions, please contact Mark Roberts of my staff at (610) 337-5094.
Thank you for your cooperation.
Sincerely, Original Signed by Raymond Lorson Raymond Lorson, Chief Decommissioning Branch Division of Nuclear Materials Safety
Enclosures:
- 1. Letter of Credit from Chase Manhattan bank dated April 19, 2002 and March 5, 2003 [ML083110825]
- 2. Continuing Certification of Financial Assurance dated 3/22/96 and Schedule A to Standby Trust Agreement dated 1/96
[ML083110818]
- 3. Letter of Credit from Bank of New York dated December, 14, 2000, Standby Trust Agreement dated April 7, 1996, and Amendments Nos, 3 &
4 to Standby Trust Agreement [ML060180216]
- 4. Standby Trust Agreement amendment No. 1 [ML083110809]
- 5. Standby Trust Agreement amendment No. 2 [ML083110794]
cc: (letter only)
Richard K. Smith, Vice President, Environmental Remediation Frank Paladino, Senior Financial Analyst Sue Polakoff, Vice President Official Use Only - Proprietary Information
Official Use Only - Proprietary Information G. Thomas 3
cc: (letter only)
Michelle Gutman, Assistant General Counsel Wayne Vogel, Radiation Safety Officer Robert Maiers, Chief, Decommissioning & Surveillance Division Official Use Only - Proprietary Information
Official Use Only - Proprietary Information G. Thomas 3
cc: (letter only)
Michelle Gutman, Assistant General Counsel Wayne Vogel, Radiation Safety Officer Robert Maiers, Chief, Decommissioning & Surveillance Division Distribution:(letter only):
J. Dwyer, RI R. Lorson, RI E. Cobey, RI M. Roberts, RI S. Villar, RI J. Hayes, FSME K. Kline, FSME DOCUMENT NAME: T:\DNMS\WordDocs\Current\Misc Letter\LCBS Corporation.external.doc SUNSI Review Complete: MRoberts After declaring this document AAn Official Agency Record@ the letter will be released to the Public.
To receive a copy of this document, indicate in the box: AC@ = Copy w/o attach/encl AE@ = Copy w/ attach/encl AN@ = No copy OFFICE DNMS/RI N DNMS/RI N NAME *MRoberts/RKL f/ RLorson/RKL DATE 11/17/08 11/21/08
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