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Category:Financial Assurance Document
MONTHYEARML16286A2072016-09-30030 September 2016 Massachusetts Institute of Technology (Mit) - Compliance Submissions, Self- Guarantee Agreement Pursuant to 10 CFR Part 50, 10 CFR Part 70 and NUREG-1757, Vol.3 ML14112A5202014-04-10010 April 2014 Massachusetts Institute of Technology, Submittal of Standby Trust Agreement for the Decommissioning ML12312A4752012-10-31031 October 2012 Compliance Submissions, Self Guarantee Agreement Pursuant to 10 CFR Part 50, 10 CFR Part 70 and NUREG-1757, Vol. 3 ML11297A0432011-10-12012 October 2011 Compliance Submissions, Self Guarantee Agreement Pursuant to 10 CFR Part 50, 10 CFR Part 70 and NUREG-1757, Vol. 3 ML1013405872010-05-11011 May 2010 Mit Self-Guarantee Request - License No. SNM-986, License No. R-37 ML0932901552009-11-19019 November 2009 Submits Recent Amendment to the Escrow Agreement for the Decommissioning Funds for the Mit Research Reactor. It Is Dated 09/22/09 ML1000701082009-10-27027 October 2009 Request and Application, Self Guarantee, Decommissioning Expenses - License No. SNM-986, License No. R-37 ML0924504272009-08-27027 August 2009 Massachusetts Institute of Technology, Submittal of Updated Escrow Agreement Pertains to the Eventual Decommissioning of Mit Research Reactor ML0534902252005-11-30030 November 2005 Mit Amended Escrow Agreement 2016-09-30
[Table view] Category:Letter
MONTHYEARIR 05000020/20242012024-09-12012 September 2024 Massachusetts Institute of Technology - U.S. Nuclear Regulatory Commission Safety Inspection Report No. 05000020/2024201 ML24199A1082024-07-23023 July 2024 Examination Confirmation Letter No. 50-020/OL-24-02, Massachusetts Institute of Technology ML24052A2102024-06-0606 June 2024 Examination Result Letter No. 50-020/OL-24-01, Massachusetts Institute of Technology ML24127A1012024-04-26026 April 2024 Mit - Update of Professor Ian A. Waitz Named as Mit Vice President for Research ML24127A1002024-04-24024 April 2024 Mit - Proposal for Conversion to Low Enriched Uranium (Leu), Mit Research Reactor ML24094A0482024-03-29029 March 2024 Mit Nuclear Reactor Lab., Annual Report for 2023, Per Technical Specification 7.7.1 ML24081A1642024-03-11011 March 2024 Massachusetts Institute of Technology, NF-0343 & NW-0681 - Submittal of Rescinding Notice of Cancellation ML24022A0972024-01-22022 January 2024 Massachusetts Institute of Technology– Change of Facility Backup Project Manager ML23354A1442024-01-0505 January 2024 Examination Confirmation Letter No. 50-020/OL-24-01, Massachusetts Institute of Technology IR 05000020/20232032023-11-21021 November 2023 Massachusetts Institute of Technology - U.S. Nuclear Regulatory Commission Routine Inspection Report No. 05000020/2023203 ML23242A3382023-11-0606 November 2023 Examination Report Letter No. 50-020/OL-23-01, Massachusetts Institute of Technology ML23242A3392023-11-0606 November 2023 Examination Result Letter No. 50-020/OL-23-01, Massachusetts Institute of Technology IR 05000020/20232012023-10-12012 October 2023 Massachusetts Institute of Technology - U.S. Nuclear Regulatory Commission Routine Inspection Report No. 05000020/2023201 IR 05000020/20232022023-09-27027 September 2023 Massachusetts Institute of Technology - U.S. Nuclear Regulatory Commission Security Inspection Report No. 05000020/2023202 ML23194A0412023-07-11011 July 2023 Mit Research Reactor - Duties of Reactor Superintendent ML23103A2632023-05-10010 May 2023 Examination Confirmation Letter No. 50-020/OL-23-01 Massachusetts Institute of Technology ML23094A1102023-03-30030 March 2023 Massachusetts Institute of Technology (Mit), Submittal of Annual Report for 2022, Technical Specification 7.7.1 ML23072A0242023-03-0707 March 2023 Mit, Nuclear Reactor Lab., Proposal for Conversion to Low Enriched Uranium (Leu), Mit Research Reactor IR 05000020/20222012023-02-0707 February 2023 Massachusetts Institute of Technology - U.S. Nuclear Regulatory Commission Routine Inspection Report No. 05000020/2022201 ML22189A0492022-07-25025 July 2022 Examination Confirmation Letter No.50-020/OL-22-02, Massachusetts Institute of Technology ML22095A2412022-03-31031 March 2022 Annual Report for the Mit Research Reactor for the Period from January 1, 2021, to December 31, 2021 ML22062B0422022-02-10010 February 2022 Proposal for Conversion to Low Enriched Uranium (Leu), Mit Research Reactor, Docket No. 50-20, 10 CFR 50.64 (c)(2)(ii) of That Paragraph ML21328A2342021-11-29029 November 2021 Examination Confirmation Letter No. 50-020/OL-22-01, Massachusetts Institute of Technology IR 05000020/20212032021-11-0909 November 2021 Massachusetts Institutes of Technology - U.S. Nuclear Regulatory Commission Routine Inspection Report No. 05000020/2021203 IR 05000020/20212012021-09-30030 September 2021 Massachusetts Institute of Technology - U.S. Nuclear Regulatory Commission Routine Inspection Report 05000020/2021201 ML21186A0032021-07-16016 July 2021 Examination Confirmation Letter No. 50-020/OL-21-02, Massachusetts Institute of Technology ML21165A1542021-05-28028 May 2021 Mit - Emergency Plan and Procedures, 10 CFR 50.54(q)(5) ML21140A3622021-05-17017 May 2021 Massachusetts Institute of Technology (Mit) - Supplement to Response to the Request for Additional Information for Battery Upgrade License Amendment Request (EPID: L-2021 -NFA-0000) ML21132A2512021-05-0606 May 2021 Massachusetts Institute of Technology, License No. R-37, Docket No. 50-20, Reportable Occurrence 50-20/2021-: Operation with Less than the Required Staffing on Site; NRC OPS Center Log EN 55212 ML21112A1672021-04-12012 April 2021 Massachusetts Institute of Technology - Physical Security Plan Revision Regarding Biometric Readers ML21105A3602021-04-0707 April 2021 Duties of Reactor Superintendent ML21099A1132021-03-31031 March 2021 Massachusetts Institute of Technology - Annual Report, Docket No. 50-20, License R-37, Technical Specification 7.7.1 ML21091A2082021-03-24024 March 2021 Mit Nuclear Reactor Lab - Response to Request for Additional Information for Battery Upgrade License Amendment Request ML21076A0232021-03-18018 March 2021 Requests for Additional Information - Related to License Amendment Request to Replace Emergency Power System Batteries ML21070A1852021-03-0202 March 2021 Mit Nuclear Reactor Laboratory, License Amendment Request Regarding Emergency Battery Surveillances in Technical Specification 4.6, Docket No. 50-20, License R-37 ML21063A2552021-02-25025 February 2021 Proposal for Conversion to Low Enriched Uranium (Leu), :Mit Research Reactor, Docket No. 50-20, 10 CFR 50.64 (c)(2)(ii) of That Paragraph ML21053A4372021-02-23023 February 2021 Examination Confirmation Letter No. 50-020/OL-21-01, Massachusetts Institute of Technology ML21036A0852021-02-19019 February 2021 Massachusetts Institute of Technology - Acceptance of License Amendment Request to Revise Surveillance Frequency During Extended Reactor Shutdown ML21035A2582021-01-29029 January 2021 Massachusetts Institute of Technology (Mit), Supplement to Technical Specifications Surveillance Frequency Definition Update for Improved Compliance Under 10 CPR 50.36(c)(3) ML20295A4242020-11-16016 November 2020 Notification of Mailing Address Change Regarding Submittal of Fingerprint Cards ML20307A4202020-11-0505 November 2020 Granting of Extension Request to Supplement License Amendment to Revise Surveillance Requirement Frequency ML20304A1172020-10-19019 October 2020 Time Extension Request for LAR on Technical Specifications Surveillance Frequency Update for Improved Compliance Under 10 CFR 50.36(c)(3) for the Mit Research Reactor ML20248H5682020-09-22022 September 2020 Mit Research Reactor Routine Inspection Report with Enforcement Discretion (EA-20-109) - August 2020 ML20161A3342020-07-24024 July 2020 Massachusetts Institute of Technology - Issuance of Amendment NO.44 to Renewed Facility Operation License No. R-37 to Amend Technical Specifications Related to Level 1 Position Title Change ML20182A7092020-07-0909 July 2020 Acceptance Review Amendment Request to Revise Surveillance Frequency - Opportunity to Supplement ML20192A0762020-06-30030 June 2020 Mit - Supplemental Information for License Amendment Request for Position Title Change in Technical Specifications for Level 1 Staff ML20070H2672020-06-0404 June 2020 Examination Report No. 50-020/OL-20-01, Massachusetts Institute of Technology ML20119A8272020-05-29029 May 2020 Massachusetts Institute of Technology - Issuance of Amendment No. 43 Extending Time to Implement License Amendment No. 42 to Facility Operating License No. R-37 ML20149K4142020-05-27027 May 2020 NRC LAR Extension Supplemental Letter 2020-05-27 ML20135H1882020-05-15015 May 2020 Massachusetts Institute of Technology - Exemption from Select Requirements of 10 CFR Part 55, Operators' Licenses 2024-09-12
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MIT NUCLEAR REACTOR LABORATORY AN MIT INTERDEPARTMENTAL CENTER John A. Bernard Mail Stop: NW12-208a Phone: 617 253-4202 Director of Reactor Operations 138 Albany Street Fax: 617 253-7300 Principal Research Engineer Cambridge, MA 02139 Email: Bernardj@mit.edu November 19, 2009 U.S. Nuclear Regulatory Commission Attn: Document Control Room Washington, DC.20555 Re: Massachusetts Institute of Technology; License No. R-37; Docket No. 50-20; Update of Escrow Agreement
Dear Sir or Madam:
Attached is the most recent amendment to the escrow agreement for the decommissioning funds for the MIT Research Reactor. It is dated 09/22/09.
Also, please be aware that MIT has applied to the NRC (JoAnn Simpson, 0-12D3) to change from an escrow arrangement to self-guarantee. That request was submitted 10/22/09 by MIT's Office of the General Counsel.
Sincerely,(
o A. Bernard, Ph.D, P CHP Director of Reactor Operations I declare under the penalty of perjury that the foregoing is true and correct.
Executed on /7-
])Pate Sigai cc: William B. Kennedy Project Manager Research and Test Reactors Branch A U.S. Nuclear Regulatory Commission
SEP-23-2009 13:5e From: To:16172586676 P.2/4 AMENDED ESCROW AGREEMENT This Amended Escrow Agreement, dated as of &Ai2~mends the Escrow o
Agreement originally dated as of August 18, 1990, as amended and restated as of March 31, 1994, as further amended and restated as of March 21, 1997, November 29, 2005, and January 10, 2007 (together, the "Escrow Agreement"), between Massachusetts Institute of Technology (0 M.I.T.") and U.S. Bank National Association (the "Escrow Agent"), successor to State Street Bank and Trust Company which, in turn, was successor to The First National Bank of Boston, pursuant to Paragraph 12 of the Escrow Agreement.
- 1. Paragraph 1 of the Escrow Agreement is hereby amended in its entirety to read as follows:
"1. Establishment of Escrow Account M.I.T. hereby establishes an escrow account (the "Escrow Account") with the Escrow Agent pursuant to the terms of this agreement, to provide financial assurance for decommissioning of two M.I.T. facilities, in the amounts shown below.
FirstFacility:
Facility name: Massachusetts Institute of Technology Address: 77 Massachusetts Avenue Cambridge, Massachusetts 02139 SNM-986 Applicable NRC Regulations 10 C.F.R. 70 Estimated Decommissionin. Costs: $1,125,000.00 Amount of Financial Assurance Provided: $1,125,000.00
SEP-23-2009 13:58 From: To: 16172586676 P.3`4 Second Facility:
Facility name: Massachusetts Institute of Technology Research Reactor Address: 138 Albany Street Cambridge, Massachusetts 02139 License Number: ,R-37 Applicable NRC Reeulations 10 C.F.R. 50 Estimated Decommissioning Costs: $30,0o0,000.00 Amount of Financial Assurance Provided: $30,000,000.00"
- 1. The first sentence of Paragraph 2 of the Escrow Agreement is hereby amended to read as follows:
"it is hereby acknowledged by the parties that cash or other liquid assets with a value of
$31,125,000.00 has been delivered to the Escrow Agent, and they, or assets of equivalent value, less any amounts disbursed pursuant to Paragraph 4 of this agreement, will remain in the Escrow Account until one of the conditions stated in Paragraph 3 of this agreement has been satisfied."
- 2. The third sentence under the heading "Escrow Account Management" in Paragraph 6 of the Escrow Agreement, beginning with the words "Interest earnings shall be," Is hereby amended to read as follows:
"Interest earnings shall be paid immediately upon receipt to Massachusetts institute of Technology Pool C custody account #00141671 at State Street Bank,, with advice to Manager of Reconciliation and Accounting, MIT Investment Management Company, 238 Main Street, Suite 200, Cambridge, Massachusetts, 02142, or as M.I.T. otherwise directs the Escrow Agent, provided that immediately after such interest payment the market value of the Escrow Account is equal to or greater than the Required Balance.
fl A~A
¶ SEP-23-2009 13:58 From: Io:.1 1-8:16 7r.
- 3. Paragraph 17 of the Escrow Agreement is hereby amended in its entirety to read as follows:
"17. Notices If any notice or communication is required to be given hereunder it shall be deemed given if in writing and mailed by certified or registered mail, postage prepaid, return receipt requested:
If to Escrow Agent: U.S. Bank National Association Corporate Trust Services Mailcode: EX-MA-FED One Federal Street, 3"d Floor Boston, MA 02110 Attention: 1990 M.I.T. Escrow If to M.I.T.: Massachusetts Institute of Technology 77 Massachusetts Avenue Cambridge, Massachusetts 02139 Attention: Teresa Stone, Executive Vice President and Treasurer With further notice to: Massachusetts Institute of Technology Investment Management Company 238 Main Street, Suite 200 Cambridge MA 02142 Attention: Seth Alexander, President If to NRC: U.S. Nuclear Regulatory Commission Washington, D.C. 20555"
- 4. It is the intention of the parties hereto that all provisions, terms and conditions contained Inthe Escrow Agreement which have not been amended or modified as set forth above, shall remain in full force and effect.
WITNESS the execution hereof under seal as of the date above first written.
U.S. BANK NATIONAL MASSACHUSETTS INSTITUTE ASSOCIATION OF TECHNOLOGY Name an . Name Sýý e( nd pr Title Nas a en4A) I*? v~el+'
Date r/z.S W '7 Date cAAr-V1 eL4 n' i\