ML20005B806
| ML20005B806 | |
| Person / Time | |
|---|---|
| Site: | BWX Technologies, 07001201, 07000364, 07000824, 07000135 |
| Issue date: | 08/05/1981 |
| From: | Jordan L BABCOCK & WILCOX CO. |
| To: | Page R NRC OFFICE OF NUCLEAR MATERIAL SAFETY & SAFEGUARDS (NMSS) |
| References | |
| 19485, NUDOCS 8109020285 | |
| Download: ML20005B806 (5) | |
Text
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P.O. Box 61038, *!ew Orleans, La. 70161 Babcock &Wilcox reiennc,ensoy ss7.u11 py)p G DM 2 August 5, 1981
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Mr. R.
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Page, Acting Chief s
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Uranium Fuel Licensing Branch Division of Fuel Cycle and Material Safety United States Nuclear Regulatory Commission Cl
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I Washington, D. C.
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Re:
License Numbers SNM-42,'S$1-1 8
/J' SNM-414, SNM-778 and SNM-1.(68 f
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Financial Assurance for Paym6nt N,_... T /
for Decommissioning Costs co -
Dear Mr. Page:
In a letter dated March 13, 1978, Mr George G.
Zipf, then President of the Babcock & Wilcox Company, stated that continuing assurance of Babcock & Wilcox's ability to covr the costs of decommissioning all its nuclear facilities would be provided ta you.
The nature of these assurances would be first; a copy of an Officer's Certificate to the Company's lenders, t nder certain Promissory Note Agreements, that the Company has met all restrittive covenants contained in the Nota Agreements and second; that periodicall:r, the Company would reasure the cost of decommissioning its nuclear facilities to insure that they did not exceed the Company's working capital.
Attached are copies of these Certificates signed by Messrs. John A.
- Lynott, Executive Vice President-Finance and Robert A.
Jolliff, Treasurer, dated June 26, 1981 for the year ended March 31, 1981.
In addition, the Company's working capital, at that date, was significantly in excess of the estimated cost to decommission its nuclear facilities.
If you have any questions related to this submittal, please advise us.
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Very truly yours, O
THE BABCOCK & WILCOX COMPANY g
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9-Z AUG 2 01981>
Leo V. Jordan
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PDR The Babcock & Wncox Company / Established 1867
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i C E R T I F 1 C A T E 1
We, the undersigned do hereby certify, pursuant to Section 7 (D), of page 10 of the Note Agreement dated October 12, 1971 relating to the Coc:pany's 9%
Promissory Note due October 1,1991, entered into between you. and the Company, th at there exists no default or event of default as defined in section thereof, j
during the fiscal year ended Ilarch 31, 1981.
In witness whereof we have hereunto set our hand this 26th day of June, 1981.
TW x
/ John -
Lynoft
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I Fdecutive Vi e Pres ent-Finance,j 5
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C E' R T I F I
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j Ve, the undersigned do hereby certify, pursuant to Section 7 (D), of page 7 of the Note Agreement dated January 1,1977 relating to the Company's 8 1/2%
Promissory Notes due January 1,1997, entered into between you and the Company, that there exists no def ault or event of default as defined in section thereof, during the fiscal year ended IIarch 31, 1981.
In witness shereof we have hereunto set our hand this 26th day of June, 1981.
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Joh A.
Ly Executive Vice sident-Finance Robert A. Jogiff F/
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t, C E R T I F I C A T E We, the undersigned do hereby certify, pursuart to Section 7 (b), of page 7 of the Note Agreement dated December 1,1976 relating to the Company's 9%
Cuaranteed Notes due December 1,1996, entered into between you and the Company, tha t there exists no default or event of def ault as defined in section thereof, during the fiscal year ended March 31, 1981.
In witness whereof we have hereunto set our hand this 26th day of June, 1981.
S.
John /
Lynott'
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V(cePre'dentFinance
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Robert 'A. J 1111f/
Assistant
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C E R T I F I C A T E We, 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%
Guaranteed Notes due December 1,1996, entered into between you and dae Guarantor, that there exists no default or event of default as defined in section thereof, during the fiscal year ended March 31, 1981.
In wituuss whereof we have hereunto set our hand this 26th day of June, 1981.
_y r-
/ExecutveVic ohn A.
nott President-Finance
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Robert A.
iff [/
Treas er i
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I 19435
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