ML20043E014
| ML20043E014 | |
| Person / Time | |
|---|---|
| Site: | BWX Technologies, 07000364, 07000824, 07000135, 07000028 |
| Issue date: | 06/01/1990 |
| From: | Cunningham R NRC OFFICE OF NUCLEAR MATERIAL SAFETY & SAFEGUARDS (NMSS) |
| To: | Eckert J BABCOCK & WILCOX CO. |
| References | |
| NUDOCS 9006110373 | |
| Download: ML20043E014 (2) | |
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UNITED STATES i
NUCLEAR REGULATORY COMMISSION w
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JUN 1 1990 i
Docket No/ License No:
70-28/SNM-30 70-27/SNM-42 70-135/SNM-145 70-364/SNM-414 70-824/SNM-778 i
1 Ba'ocock & Wilcox Company ATTN: Mr. John P. Eckert Senior Vice President & Group Executive Defense & Nuclear Power Group 3315 Old Forest Road P.O. Box 10935 Lynchburg, VA 24506-0935 Gentlemen:
In accordance with your letter dated May 18, 1990, we have reviewed your request 1
for NRC consent to the pending ownership transfer of control of Babcock & Wilcox Company (B&W) from McDermott, Inc. (McDermott), to Babcock & Wilcox Investments Company (BWIC0). We understand that upon completion of pertinent actions, i
McDermott will transfer all B&W stock to BWICO in exchange for all BWICO stock.
As a result, BWICO will be a wholly-owned subsidiary of McDermott, and in turn, i
B&W will be a wholly-owned subsidiary of BWICO.
In your letter, you have stated that the foregoing change in stock ownership will have no effect upon the activities of B&W under the NRC licenses.
The transaction will not result in any change in organization, location, facilities.
equipment procedures, or personnel nor in the corporate structure responsible for manage, ment, oversight, control, or radiological safety of the licensed t
materials.
Based upon the information submitted, we have determined that the transfer of control is in accordance with the provisions of Title 10, Code of Federal Regulations, Section 70.36. We find that there will be no adverse impact on the public health and safety or the comon defense and security as a result of the transfer of the stock ownership of the Babcock & Wilcox Company. Accordingly,
pursuant to 10 CFR 70.36, the Comission hereby consents to the Babcock & Wilcox-Investments Company acquiring control of the Babcock & Wilcox Company.
Ib Upon completion.of the transaction, you should submit a license amendment l
request for those licenses affected by the corporate name change.
9006110373 900601 FDR ADOCK 0700 7
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JUN 1 1990
- Babcock & Wilcox Company 2
This letter does not respond to your proposal to have BWICO provide a parent company guarantee of funds for decommissioning. That aspect of your corporate reorganization will be reviewed separately upon submittal of the information necessary to establish the acceptability of a parent company guarantee (see 10 CFR part 30, Appendix A).
If you have any questions regarding this matter, please contact Sean Soong on 301 492-0604 or George Bidinger on 301 492-0683 Sincerely, M k $ b 14
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Richard E. Cunningham, Director Division of Industrial and Medical Nuclear Safety Distribution Docket Nos: 70 28 pDR NRC File Center IMUF R/F 70-27 SSoong GBidinger IMNS Central File 70-135 GSjoblom RFonner, 0GC IMSB R/F 70 364 Region 11 NHSS R/F MHorn 70-824 Region I GTroup, R!l JRoth, i VLTharpe(2) FBrown(2) ploysen EFlack Region 111 DGibbons, Rl!!
RBangart, LLWM SS/LTR 10 ECKERT l
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