ML13016A180
| ML13016A180 | |
| Person / Time | |
|---|---|
| Site: | 07000013, Pennsylvania State University |
| Issue date: | 11/16/2012 |
| From: | Doncsecz J Pennsylvania State Univ |
| To: | Ryder C NRC/NMSS/FCSS/FCLD/FMB |
| References | |
| Download: ML13016A180 (1) | |
Text
(814) 865-1355 PENNSTATE (814) 863-0701 Joseph J. Doncsecz The Pennsylvania State University Associate Vice President for Finance and Corporate Controller 408 Old Main University Park, PA 16802-1505 November 16, 2012 Christopher Ryder Licensing Project Manager U.S. Nuclear Regulatory Commission Fuel Cycle Safety and Safeguards Fuel Manufacturing Branch Washington, DC 20555-0001 Mail Stop EBB 2 C40M Re: Audited Financial Statements - Year Ending June 30, 2012 License numbers: R-2 Breazeale Nuclear Reactor, Docket 050-0005 SNM-95 Docket 70-13
Dear Mr. Ryder,
Attached is The Pennsylvania State University's Audited Financial Statements for last fiscal year. An electronic version can be found at http://www.controller.psu.edu/Divisions/ControllersOffice/reports.html.
To show compliance with the financial tests of 10CFR30 Appendix A, The Pennsylvania State University certifies that PSU has:
(i) A current rating for its most recent bond issuance of AA as issued by Standard and Poor's and a bond rating of Aa2 as issued by Moody's, (ii) Tangible net worth each at least six times the current decommissioning cost estimates for all uses of radioactive material, (iii) Tangible net worth of at least $10 million, and (iv) Assets located in the United States amounting to at least 90 percent of the total assets or at least six times the current decommissioning cost estimates for the total of all facilities.
Also attached is PSU's Self-Guarantee Agreement for Financial Assurance for Cost of Decommissioning Activities.
Thank you.
Please contact Eric Boeldt at 814-865-6391 or ejb6@psu.edu if you have any questions.
Joseph J. Doncsecz Associate Vice President for Finance and Corporate Controller Attachment cc: Eric Boeldt, Radiation Safety Officer Mark Trump, Associate Director, Radiation Science and Engineering Center