ML14013A265
| ML14013A265 | |
| Person / Time | |
|---|---|
| Site: | 07000113, Pennsylvania State University |
| Issue date: | 12/20/2013 |
| From: | Doncsecz J Pennsylvania State Univ, University Park, PA |
| To: | Xiaosong Yin Document Control Desk, Division of Policy and Rulemaking |
| Shared Package | |
| ML14015A387 | List: |
| References | |
| Download: ML14013A265 (2) | |
Text
66ev PENNSTATE (814) 865-1355 (814) 863-0701 Joseph J. Doncsecz Associate Vice President for Finance and Corporate Controller The Pennsylvania State University 408 Old Main University Park, PA 16802-1505 December 20, 2013 U.S. Nuclear Regulatory Commission 11555 Rockville Pike Rockville, Maryland 20852 - 2738 Attn: Xiasong Yin
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Subj:
Audited Financial Statements - Year Ending June 30, 2013, Self-Guarantee Agreement and Standby Trust Agreement License numbers: R-2 SNM-95 Breazeale Nuclear Reactor, Docket 050-0005 Penn State University, Docket 070-0113
Dear Sir or Madam,
Attachment A contains The Pennsylvania State University's Audited Financial Statements for the last fiscal year (July 1, 2012 through June 30, 2013). In addition to the enclosed report, an electronic version may also be found at http://www.controller.psu.edu/Divisions/ControllersOffice/reports.html.
As required in 10 CFR 30.35.(f).(2), the financial test and self-guarantee method of 10 CFR 30 Appendix E will be used. The Pennsylvania State University certifies that the University has:
(i) 10 CFR 30 Appendix E Paragraph I1.A.(1 ) - The University currently holds a 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, and (ii) 10 CFR 30 Appendix E Paragraph II.C.(1) - Audited financial statements are attached.
Attachment B contains Penn State University's Self-Guarantee Agreement for Financial Assurance for Cost of Decommissioning Activities.
Attachment C contains the Standby Trust Agreement between The Pennsylvania State University and Bank of New York Mellon.
Please contact Jeffrey Leavey at 814-865-3939 or JAL62@psu.edu if you have any questions.
Sincerely, Joseph J. Doncsecz Associate Vice President for Finance and Corporate Controller Ji2~~
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Attaclmuent A - Audited financial statements Attaclhnent B - Penn State University's self-guarantee agreement Attachment C - Standby Trust Agreement cc:
Jeffrey Leavey, Radiation Safety Officer Mark Trump, Associate Director, Radiation Science and Engineering Center, Breazeale Reactor