ML20046A090

Revised Schedule Reconciling Amounts Contained in Chief Financial Officer Ltr W/Amounts in Financial Statements, Including Attachments Referred to on Attachment I to Chief Financial Officer Ltr Re Financial Tests,

ML20046A090
Person / Time
Site:	BWX Technologies, 07001201, 07000364, 07000824, 07000135
Issue date:	06/28/1993
From:	BABCOCK & WILCOX CO.
To:	NRC OFFICE OF NUCLEAR MATERIAL SAFETY & SAFEGUARDS (NMSS)
Shared Package
ML20046A088	List: ML20046A087 ML20046A090
References
NUDOCS 9307260173
Download: ML20046A090 (1)

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SCliEDULE RECONCILING AMOUNTS CONTAINED IN Tile ClilEF FINANCIAL OFFICER'S LETTER WITil AMOUNTS IN T11E FINANCIAL STATEMENTS (DOLLARS IN TilOUSANDS) l BABCOCK & WILCOX INVESTMENT COMPANY j

YEAR ENDED MARCil 31,1993 j

Line Number Per in Financial Reconciling Per CFO's -

EQ'sletty Statements items Letter 2

Total liabilities less acenal decommissioning costs:

Total Current Liabilities

$414,833 leng-Term Debt 11,075 Deferred Income Taxes 15,727 i

Notes Payable McDermott Inc.

17,340 Other Liabilities 350,499 i

Subtotat

$809,474 Less accrued decommissioning costs in:

Current Liabilities

$2,910 Long-Term Liabilities 5,473 Subtotal

$8,383 Total Line 2

' $50LQ2L 4

Net Worth:

Stockholder's Equity

$922,276 Minority laterest 4,478 Subtotal

$926,754 '

Add accrued decommissioning costs

$8,383 Total Line 4

__$23L131 3

Tangible Net Worth:

Total Line 4

$935,137_.

Less intangibles:

Excess of Cost over Fair Value of Purchased Businesses

$125,972 Other Intangibles

$1,432 Total Line 3 5801 11 1 5

Current Assets

$662,094 Total Line 5

__%62RL 6

Current Liabilities

$414,833 Less accrued de ommissioning costs in i

Current Liabi!ities

$2,910 Total Line 6

$34 L921 j

7 Net Working Capital (Total Line 5 less Total Line 6)

_ $25E12L i

8 Net income

($148,603)

Depreciatirm arx! Amortization 49,813

($98,790)

Total Line 8 9307260173 930713 P

'59b790J

({h DR. ADOCK 07000027 PDR Xi e

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B&W Nuclear Environmental Services, Inc.

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a Mcoermott company P.o. Box 11165 April 30,1993 tyncers. vA 245061165 (804)522-6000 fax (804) 522-6860 Chief, Licensing Branch Division of Fuel Cycle Safety and Safeguards Office of Nuclear Material Safety and Safeguards U. S. Nuclear Regulatory Commission Washington, DC 20555 ATr: Elinor Adensam Acting Chief Docket No.70-364

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License No. SNM-414 i

Dear Ms. Adensam:

This is in response to John W. N. Hickey's February 4,1993 response to my July 23,1992 letter to Dr. Jerry Swift, regarding a schedular exemption for submittal of a Decommissioning Funding Plan (DFP) for License SNM-414.

B&W is amenable to an increase in the certificate of financial assurance for the Parks Township facilities beyond the current $750,000. B&W proposes that the new amount, to be applicable to the facilities adjacent to the fenced area comprising the 10 CFR 20.304 burial ground (SLDF), should be $2,000,000, if our proposal is acceptable to you, B&W will reflect the $2,000,000 amount in the certificate to be submitted by June 30,1993. We understand that, concurrently, NRC would grant B&W's request for a schedular exemption until July 26,1995 to submit a DFP covering the estimated cost of decommissioning those facilities.

With respect to decommissioning financial assurance and a DFP for the SLDF, and the License SNM-414 renewal, we expect to submit Revision 5 for the renewal application to you on behalf of B&W on or about May 28,1993. This submittal will include revisions updating Revision 4 to current site conditions and operations. Additionally, in recognition of the fact that characterization of the SLDF area has commenced in contemplation of potentially necessary remediation, this submittal is expected to include a request that NRC issue, pursuant to 10 CFR 70.38 and 40.42, a separate license, for administrative convenience, covering possession of the material at the SLDF and permitting characterization activities there. We also intend in the May 28,1993 letter to propose an interim amount for a certificate of financial assurance pertaining to the SLDF, a mechanism for providing such financial assurance involving a third party participant in the project, and a schedular exemption until July 26,1995 for submittal of a DFP.

j DNN

4 Ms. Adensam 4/30/93 The May 28,1993 submittal date for Revision 5 contemplates no major new issues arising while preparing the renewal application, as well as our ability to complete negotiations with -

the third party participant. We will promptly advise you if it appears there will be any significant change in the submittal schedule. Meanwhile, we understand you are willing to accept the financial assurance increase and DFP schedular exemption for the facilities adjacent to the SLDF proposed herein, which, of course, we recognize to be contingent on our completion of the other action items referred to herein. If you have any questions regarding these matters, please contact Mr. P. R. Rosenthal of my staff at 804/522-6931.

Sincerely, b%

i R. V. Carlson, President B&W Nuclear Environmental Services, Inc.

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. Babcock &Wilcox nmi n-w, rw om P. O. Box 785 a YcDermott compary Lynchburg, Virginia 24505 0785 (804) 522 6000 October 30, 1992 92-155 U.

S. Nuclear Regulatory Commission ATTN:

Mr. J. W. N. Hickey, Chief Fuel Cycle Safety Branch Division of Industrial & Medical Nuclear Safety, NMSS

'4ashington, DC 20555 f

Subject:

Summary Decommissioning Cost Estimate Getitlemen:

The summary cost estimate for decommissioning the Research and Test Reactor Fuel Element (RTRFE) portion of our facility is enclosed.

To the extent possible, the cost estimate follows the guidance provided in Regulatory Guide 3.66, Appendix F.

Our subcontracts with EG&G Idaho, Inc. and Martin Marietta Energy Systems, Inc. provide coverage for 50 percent of the cost of decommissioning the RTRFE areas between 1990 and 1995. Thereafter, the subcontracts will provide for 100 percent funding of the decommissioning costs without limitations.

Therefore, the total liability for NNFD through 1995 will be 50 percent of the total estimated cost provided in the enclosure.

The Parent Company Guarantee, which was provided to NRC by letter dated June 26, 1992, from E. O. Hooker, will be revised using the summary cost estimate. The revised Parent Company Guarantee will be sent to you when it is complete.

If you have any questions regarding our approach to developing the summary cost estimate, please contact me.

Sincerely, i

rne F. Olsen Licensing Officer Enclosure 7wo M Nr

f BABCOCK & WIL40X NAVAL NUCLEAR FUEL DIVISION RESEARCH & TEST REACTOR FUEL ELEMENT (RTRFE) PORTION

SUMMARY

DECOMMISSIONING COST ESTIMATE RTRFS Equipment RTRFE Faciliity RTRFE Equipment Burial Decontamination Decontamination (10.628 cu. ft.)

(17.350 so. ft.)

Total Cost Hourly Personnel Labor

$974,400

$19,400

$679,500

$1,673,300 Benerits 240,100 4,800 167,400 412,300 Salary Personnel-Labor 876,800 17,500 611,400 1,505,700 Benefits 147,700 2,900 103,000 253,600 Legal /NRC Inspection Fees 44,400 900 31,000 76,300 Secretary Services 23,600 500 16,500 40,600 Security Services 85,800 1,700 59,800 147,300 Janitorial Services 39,400 800 27,500 67,700 Utilities 28,900 600 20,200 49,700 Decontamination Supplies-73,300 1,500 51,100 125,900 Vermiculite 1,000 1,000-Burial Box Plywood Liner 4,000 4,000 Burial Box 69,000 69,000 i

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BABCOCK & WILCOX NAVAL NUCLEAR FUEL DIVISION RESEARCH & TEST REACTOR FUEL ELEMENT (RTRFE) PORTION

SUMMARY

DECOMMISSIONING COST ESTIMATE (contd)

RTRFE Equipment RTRFE Faciliity RTRFE Equipment Burial Decontamination Decontamination (10.628 cu. ft.)

(17.350 so. ft.)

Total Cost 100 100 ID Tag

<100 0

SS Wire Tamper Safe Seal /

Ozal sleeve 200 200 Exclusive Use Truck 22,200 22,200 Burial Fee 1,534,100 1,534,100 RTRFE Decommission Total cost

$2,534,400

$1,681,200

$1,767,400

$5,983,000

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