ML101930438
| ML101930438 | |
| Person / Time | |
|---|---|
| Site: | MIT Nuclear Research Reactor |
| Issue date: | 07/16/2010 |
| From: | Duane Hardesty, Jessie Quichocho Research and Test Reactors Licensing Branch |
| To: | Dugan R Massachusetts Institute of Technology (MIT) |
| Hardesty, D NRC/NRR/DPR/PRLB 415-3724 | |
| References | |
| TAC ME3002 | |
| Download: ML101930438 (2) | |
Text
July 16, 2010 Office of the General Counsel Massachusetts Institute of Technology Attention: Ms. Regina Dugan 77 Massachusetts Avenue Building 10-370 Cambridge, MA 02139
SUBJECT:
ACCEPTANCE OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGYS REQUEST TO CHANGE TO A SELF-GUARANTEE TO PROVIDE DECOMMISSIONING FUNDING ASSURANCE FOR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY RESEARCH REACTOR (TAC NO. ME3002)
Dear Ms. Dugan:
By letter dated, October 27, 2009, as supplemented on December 15, 2009 and May 11, 2010, the Massachusetts Institute of Technology (MIT) submitted a request to the Nuclear Regulatory Commission (NRC) to change its method of providing decommissioning funding assurance to the self-guarantee method as allowed by Title 10 of the Code of Federal Regulations (10 CFR)
Section 50.75(e)(1)(iii) for non-profit entities, such as universities. MIT is currently providing financial assurance for decommissioning for the Massachusetts Institute of Technology Research Reactor, License No. R-37, and its Special Nuclear Materials License, License No.
SNM-986, with an escrow account held in trust by the U.S. Bank. The regulation states that a guarantee of funds by the applicant or licensee may be used if the guarantee and test are as contained in Appendix E to 10 CFR Part 30.
The NRC staff reviewed the self-guarantee agreement and corroborating documentation to cover the cost of decommissioning the above-mentioned NRC Licenses and found that the self-guarantee agreement meets or exceeds the financial test criteria for a non-profit university that issues bonds, that it is acceptable for providing decommissioning funding assurance, and that it is in accordance with the provisions of Appendix E to 10 CFR Part 30.
Sincerely,
/RA/
Jessie F. Quichocho, Chief Research and Test Reactors Licensing Branch Division of Policy and Rulemaking Office of Nuclear Reactor Regulation Docket No.50-020 CONTACT: Alexander Adams, NRR/DPR 301-415-1127
ML101930438 *Concurrence via email NRR-106 OFFICE NRR/DPR/PRLB: PM NRR/DPR :
LA NRR/DPR/PRLB:
PM NRR/DPR/PFAB:
PM*
OGC NRR/DPR/PRLB: BC NAME DHardesty deh EHylton egh WKennedy wbk JSimpson js BMizuno bm JQuichocho jq DATE 7/12/10 7/15/10 7/15/10 06/15/2010 7/15/10 7/16/10