ML19283B496

Letter Transmitting Agreement Between NRC, Centrus and Us Bank Regarding the Cancelling of the Lead Cascade Facility Decommissioning Fund

ML19283B496
Person / Time
Site:	07007003
Issue date:	11/21/2019
From:	Andrea Kock Division of Fuel Cycle Safety, Safeguards, and Environmental Review
To:	Cutlip L Centrus Energy Corp
Faraz Y
Shared Package
ML19283B491	List: ML19283B496
References
Download: ML19283B496 (3)

Text

UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, D.C. 20555-0001 November 21, 2019 Mr. Larry Cutlip Senior Vice President, Field Operations Centrus Energy Corp.

Two Democracy Center 6901 Rockledge Drive, Suite 800 Bethesda, Maryland 20817

SUBJECT:

AGREEMENT TO TERMINATE STANDBY TRUST AGREEMENT FOR THE AMERICAN CENTRIFUGE LEAD CASCADE FACILITY: LICENSE NUMBER SNM-7003

Dear Mr. Cutlip:

The purpose of this letter is to provide you with an agreement, signed by the U.S. Nuclear Regulatory Commission (NRC), to terminate Centrus Energy Corp.s (Centrus) Standby Trust Agreement (STA) dated January 31, 2013. The STA was used by American Centrifuge Operating, a subsidiary of Centrus, as a decommissioning funding instrument for the recently decommissioned American Centrifuge Lead Cascade Facility (LCF) in Piketon Ohio.

By letter dated September 23, 2019, the NRC informed Centrus that it had approved the Final Status Survey report confirming that the LCF site met the unrestricted release requirements of Title 10 of The Code of Federal Regulations, (10 CFR) Part 20.1402, (Agencywide Documents Access and Management System [ADAMS] Accession No. ML19228A096). Accordingly, the NRC found it acceptable to terminate the STA, as outlined in a separate letter to Centrus also dated September 23, 2019 (ADAMS Accession No. ML19238A138). Because Section 16 of the STA requires that it be terminated by a written agreement between the NRC, the Grantor (Centrus), and the Trustee (U.S. Bank National Association), the NRC is providing you the enclosed agreement signed by Andrea Kock of the NRC for your review and signature. If you agree with its terms, please sign the agreement and provide it to U.S. Bank National Association for review and signature and provide an electronic copy of the signed agreement to Yawar Faraz at Yawar.Faraz@nrc.gov.

In accordance with10 CFR 2.390 Public inspections, exemptions, requests for withholding, a copy of this letter will be available electronically for public inspection in the NRC Public Document Room or from the Publicly Available Records component of NRCs ADAMS. The ADAMS is accessible from the NRC Web site at http://www.nrc.gov/reading-rm/adams.html.

L. Cutlip 2 If you have any questions regarding this action, please contact Mr. Yawar Faraz by telephone at 301-415-7220, or via e-mail at Yawar.Faraz@nrc.gov.

Sincerely,

/RA/

Andrea L. Kock, Director Division of Fuel Management Office of Nuclear Material Safety and Safeguards Docket No. 07007003 License No. SNM-7003

Enclosure:

Agreement to Terminate Standby Trust Agreement between American Centrifuge Operating, LLC and U.S. Bank National Association cc:

M. Scott, Assistant Vice President, U.S. Bank National Association K. Wiehle, Regulatory Manager, American Centrifuge Operating R. DeVault, Department of Energy NE-ORSO

L. Cutlip 3

SUBJECT:

AGREEMENT TO TERMINATE STANDBY TRUST AGREEMENT FOR THE AMERICAN CENTRIFUGE LEAD CASCADE FACILITY: LICENSE NUMBER SNM-7003 DATED: November 21, 2019 DISTRIBUTION: FCSE r/f KEverly, NSIR LPitts, RII DParsons, NSIR MLearn, RIII MKunowski, RIII JSmith, NMSS DTiktinsky, NMSS TKeene, NSIR JZimmerman, NMSS KKline, NMSS CRegan, NMSS RWomack, RII ASchwartzman, NMSS BPham, DUWP BVonTill, DUWP ADAMS Accession Numbers: ML19283B491(P), ML19283B496 (L) *via email ML19283B497 (Enclosure)

OFFICE FCSE/LOB FCSE/FCSR DUWP OGC NAME Y. Faraz S.Figueroa C. McKenney L. Clark*

DATE 10/08/2019 10/15/2019 10/15/2019 11/20/2019 OFFICE FCSE/LOB FCSE NAME J. Zimmerman A. Kock DATE 11/20/2019 11/21/2019 OFFICIAL RECORD COPY