ML19347B771
| ML19347B771 | |
| Person / Time | |
|---|---|
| Site: | BWX Technologies, 07001201, 07000364, 07000270, 07000824, 07000135 |
| Issue date: | 09/02/1980 |
| From: | Jordan L BABCOCK & WILCOX CO. |
| To: | Page R NRC OFFICE OF NUCLEAR MATERIAL SAFETY & SAFEGUARDS (NMSS) |
| References | |
| NUDOCS 8010150635 | |
| Download: ML19347B771 (4) | |
Text
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DDV yo- /3 5' 7 0 4'- Y rio-1Z0i P.O. Box 61038, New Orleans, La. 70161 Babcock &Wilcox reiennone:(so43587 3700
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Septeirber 2,1980 3
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Mr. R. G. Page, Acting Chief
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Division of Fuel Cycle and Material Safety
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United States Nuclear Regulatory Comnission
/b Washington, D. C.
20666 Re: License Ntrrbers SIDE 42, SN>E145, SN>b414, SNM-778 and SPDbll68 -
Financial Assurance for Payment for Decomnissioning Costs Daar Mr. Page:
In a letter dated March 13, 1978, Mr. George G. Zipf, then President of the Babcock & Wilcox Cortpany, stated that cantinuing assurance of Babcock & Wilcox's ability to cc er the casts of decommissioning all its nuclear facilities would be provided to you.
The nature of these assurances would be first; a mpy of an Officer's Certificate to the Company's lenders, under certain Protaissory Note Igreements, that the Coapany has met all restrictive covenants contained in the Ibte Agreements and second; that periodically, the Conpany would measure the cost of l
decomnissioning its nuclear facilities to insure that they did not exceed the j
Conpany's working capital.
Attached are copics of these Certificates signed by Messrs. John A. Lynott, l
Excecutive Vice President-Finance and Robert A.
Jolliff, Treasurer, dated September 2, 1980 for the year ended March 31, 1980.
In addition, the Company's working capital, at that date, was significantly in excess of the estimated cost to decormtission its nuclear facilities.
If you have any questions related to this submittal, please advise us.
Very truly yours, THE BliBCOCK & WILO3X R)MPANY
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Assistant Controller i'
attachment The Babcock & Wilcox Company / Established 1867
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4 P.O. 5 x 61013. New Crieans, La. 70161 82'OCCCk &W,ilCCX Te:e.:nw3w 337 57:o u.
C E 2 T I F I C A T E l
We, the undersigned do hereby cer tify, pursuant to Section 7 (D), of page 7 of th e.'!ot e A gr ee ne n t dated January 1,1977 relating to the Company's 8 1/2%
l Pronissory ?!otes due January 1,1997, entered into between y cu and the Coapany,
I that there e:<ists no def ault or event of def ault as de f ine d in section thereof, l
during the fiscal years ende d !! arch 31, 1979 and :tarch 31, 1980.
In witness whereof we have her eu nt o set cur hand this 13th driy of June, 1980.
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l C E R T I F I C A T E Ue, the undersigned do hereby certify, pursuant to Section 3 (D), of page 6 of the Guaranty Agreement dated December 1,1976 relating to the Guarantor 's 9%
Ouaranteed ' otes due December 1,1996, entered into be tacen you and the Guarantor, that there exist s no de f ault er event of def ault as defined in section thereof, during the fiscal years ended March 31, 1979 and March 31, 1980.
In uitness whereof we have hereunto set our hand this '18th day of June, 1980.
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J ohn/A. Ly ncft Executive ' lice Pr sident-Finance i
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C E R T I F I C A T E We, the undersigned do hereby certify, pursuant to Section 7 (D), of page 10 cf the :;o:e Ag ccment dated October 12, 1971 relating to the Company's 9"4 Pronisscry !!ote duc October 1, 1991, entered into between you and the Corapany,
that there exists no default or even t of default as de fined in section ther e o f,
du r ing the fiscal years ended March 31, 1979 and March 31, 1980.
In witness whereof we have hereunto set o.ir hand this 18th day of June, 1980.
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The Bah cc. & '.'litc.cr C;mrany / E:tattiched ;E67
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