ML19274E640
| ML19274E640 | |
| Person / Time | |
|---|---|
| Site: | 07000036, 07001100 |
| Issue date: | 03/08/1979 |
| From: | Winterson H ABB COMBUSTION ENGINEERING NUCLEAR FUEL (FORMERLY |
| To: | Crow W NRC OFFICE OF NUCLEAR MATERIAL SAFETY & SAFEGUARDS (NMSS) |
| References | |
| NUDOCS 7904090386 | |
| Download: ML19274E640 (3) | |
Text
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F.DE C-E Power Systems Tel 203/6831911 e
Combustion Engineenng. Inc.
Telex 9 9297 1000 Prospect Hill Road Windsor, Connecticut 06095 ;,.
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SUM-1067, SNM-33 70-1100,{0-36 Docket March 8, 1979
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U. S. Nuclear Regulatory Commission T[
1E Washington, D. C.
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s, Attention:
Mr. W. T. Crow, Section Leader
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Uranium Fuel Fabrication Section Fuel Processing & Fabrication Eranch
.,, gW y Division of Fuel Cycle & Material Safety
Dear Mr. Crow:
Ycur letter of December 8,1978 to Mr. F. J. Pianki of Combustion Engineering advises as to alternate means for satisfying the requirement of License Condi-tion 214 imposed on our Nuclear Material Licenses No. SUM-1067 and No. SI2.:-33.
The required plans for decommissioning of the facilities (submitted January 12, 1979) include an estimate of the total decc~dssioning cost for the two plants of $520,000. We do not have any projected time at which these operations will be phaced out or either of these facilities decorniscioned.
It in the intent of Combustion Engineering that these expenses be covered through current revenues at the time they are incurred. Enclosed is a copy of our 1977 annual report filed with the SEC (Forn 10-K) which adequately demonstrates the sufficiency of company resources to cover the estimated costs for decommissioning.
Working capital is shown in the table on pages lh and 15 of the report. We vill forward copies of the annual reports for 1978 and succeeding years as they are issued.
Sincerely,
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Ecvard M. Winterson
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President, Power Systems Group
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HVL:avk Enclosure - Form 10-K Annual Report
/ $((S p, /-.-,'- W J y ym, 730409 0 3 5
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1974 1973 1972 1971 l
1970-1969 1968
$1,428,028
$1,168,578
$1,054,532
$ 960,910
$ 879,204
$ 781,412
$ 633,847 I
~
)
$1,253,616
$ 998,987
$ 902,596
$ 819,794
$ ~ 747,439
$ 660,068
$ 530,722 94,336 87,484 77,181 69,857 65,984 57,444 50,975
$1,347,952
$1,086,471
$ 979,777
$ 889,651
$ 813,423
$ 717,512
$ 541,697 80,076
$ 82,107
$ 74,755
$ 71,259
$ 65,781
$ 63,900
$ 52,150
(
11,704)
(
9,561)
(
8,643)
(
6,273)
(
5,964)
(
7,821)
(
6,868) 5,472 6,885 6,387 3,845 3,135 2,512 3,83
$ 73,844 79,431
$ 72,499
$ 68,831 62,952
$ 58,591 49,152 33,660 36,340 32,980 32,100,
30,630 30,080 25,347
$ 40,184
$ 43,091
$ 39,519
$ 36,731 32,322
$ 28,511
$ 23,805 2,480
(
2,700)
(
16,000)
$ 37,484(1) 43,091 23,519
$ 36,731 32,322
$ 30,991
$ 23,805 i
2.50 2.70 2.48 2.34 2.09 1.86 1.57
(
.17)
(
1.00)
.17 2.33(1) 2.70 1.48 2.34 2.09 2.03 1.57
~ 7288,169 15,156,478~
16,080,i8I~
15,952,2T9 15,930,967 15,756cT7-~T5[457 fE9
~ ~ ~ ~
~
15 I ~
f 18,617 16,320 15,160 14,195 13,237 12,823 11,663 1.152
.997
.958
.917
.85
.80
.80 1.70 1.70 1.70 1.70 1.70 1.70 1.275
$ 662,049
$ 523,588
$ 484,276
$ 458,427
$ 388,275
$ 348,719
$ 304,765 501,248 373,170 329,435 315,977 281,544 236,721 186,718 160,801 150,418 154,843 142,450 106,731 111,998 118,047 297,339 266,536 219,096 203,145 182,731 164,112 152,816 34,509 14,946 9,557 20,931 19,104 17,459 10,886 i
121,242 121,490 107,116 103,193 75.348 87,295 98,319 f
340,500 321,140 297,242 286,291 260,225 236,325 222,092 20.49 19.15 17.64 17.15 15.47 14.07 13.26 y _
61,796 57,330
$ 33,747
$ 42,336 35,370 25,910 36,724
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27,744 23,868 19,765 17,972 15,723 13,883 11,805 2
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$2,515,965
$1,999,142
$1,220,497
$ 979,133
$1,120,262
$ 908,370
$ 728,158 1
3,347,114 2,288,011 1,477,500 1,350,050 1,337,121 1,116,157 1,041,117 40,765 35,316 34,950 33,374 32,645 29,916 26,627 1
24,758 21,305 21,549 21,390 19,252 19,001 19,043 l
- 3. Represents,in 1969, a gain on the sale of a subsidiary and, in 1972 and 1974, a provision for loss on the disposition of the I
holding in United Nuclear Corporation, less in each case the effect of applicable incomo taxes ($1.215,000 in 1969, I
$15.000.000 in 1972 and $2,500,000 in 1974).
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- 4. Based on net assets and common shares outstanding at year-end.
- 5. The amounts shown for the years 1973 through 1976 have been restated where necessary to give effect retroactively to the capitalization of certain leases in accordance with FASB Statement No.13 " Accounting for Leases."
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- 6. locludes Gray Tool Company for periods subsequent to October.1976, and Vetco inc. for the period subsequent to Novem-ber,1977.
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