ML20027E163
| ML20027E163 | |
| Person / Time | |
|---|---|
| Site: | BWX Technologies, 07001201, 07000364, 07000824, 07000135 |
| Issue date: | 10/06/1982 |
| From: | Jordan L BABCOCK & WILCOX CO. |
| To: | Page R NRC OFFICE OF NUCLEAR MATERIAL SAFETY & SAFEGUARDS (NMSS) |
| References | |
| 21364, NUDOCS 8211120177 | |
| Download: ML20027E163 (5) | |
Text
70 - 42 7/
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Babcock & Wilcox 70- jggj
- PDA, P.O. Box 61038 a McDermott company s
N New Orleans, Loulslana 70181 g
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oCT Mr.
R. G. Page, Acting Chief g
Uraniun Fuel Licensing Branch 4
Division of Fuel Cycle and Material Safety o
United States Nuclear Regulatory Commission Washington, D.
C.
20666 Re: License Number s SNM-42, SNM-145, SNM-414, SNM-778 and SNM-ll68 -
Financial Assurance for Payment for Decommissioning Costs
Dear Mr. Page:
In a le tter 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 cover the costs of decommissioning all its nuclear facilities would be provided to you.
The nature of these assurances would be fir st ; a copy of an Officer's Certi-ficate to the Company 's le nde r s, under certain Promissory Note Agreements, that the Company has met all re strictive covenants contained in the Note Agree me nt s and second; that periodically, the Company would measure the cost of decommissioning its nuclear facilities to insure that they did not exceed the Company's working capital.
Attached are copies of the se Cer tificate s signed by Messrs. John A.
- Lynott, i
l Executive Vice Pre side nt and Chie f Financial and Administrative Officer and Robert A. Jollif f, Treasurer, dated June 28, 1982 for the year ended March 31, 1982.
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.
Very truly yours, THE BABCOCK & WILCOX COMPANY O
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Leo V.
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Assistant Controller 2g LVJ/DEM/ssh C
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l CERTIFICATE 1
tie, the undersigned do hereby certify, pursuant to Section 7 (b), of page 7 of the Note Agreement dated December 1, 1976, relating to the Company's 9%
l Guaranteed Notes due December 1, 1996, entered into between you and the Company, that there exists no default or event of default as defined in section thereof, during the fiscal year ended March 31, 1982.
In witness whereof we have hereunto set our hand this 28th day of June, 1982.
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' John A.
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--Vige Pr sidgt Finance B
hA Ame Robert A/J611if f/
Assistan tC/freasuref
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CERTI FICATE We, the undersigned do hereby certify, pursuant to Sec' tion 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 the Guarantor, that there exists no default or event of default as defined in section thereof, during the fiscal year ended March 31, 1982.
In witness whereof we have hereunto set our hand this 28th. day of June, 1982.
J f Joh E.3cc M've V'p'A. J.ynott ce esident-Finance b
mM Robert E,J611if f/7 /
Treasurer o
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t CERTIFICATE We, the undersigned do hereby certify, pursuant to Sect-ion 7 (D), of page 10 of the Note Agreement dated October 12, 1971, relating to the Company's 9%
Promissory Note due October 1, 1991, entered into between you and the company, that there exists no default or event of default as defined in section thereof, during the fiscal year ended March 31, 1982.
In witness whereof we have hereunto set our hand this 28th day of June, 1982.
/
Exc(f ~ Jol/n A.
ynott utive Vli.ce resident-Finance
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Roberti 4f Jolldt TreFsurer l
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e CERTIFICATE We, the undersigned do hereby certify, pursuant to Sect. ion 7 (D), of page 7 of the Note Agreement dated January 1, 1977, relating to the Company's 8-1/2%
Pronissory Notes due January 1, 1997, entered into between you and the Company, that there exists no default or event of default as defined in section thereof, during the fiscal year ended March 31, 1982.
In witness whereof we have hereunto set our hand this 28th day of June, 1982.
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J.ohn A.
ynott Ex6cutive /Vice resident-Finance
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' Robert AT,
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ol)/it f ///
Treas i
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