ML20055J316

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Supports B&W Use of Financial Test to Demonstrate Financial Assurance as Specified in 10CFR30,40 & 70
ML20055J316
Person / Time
Site: 07000364, 07000824, 07000135
Issue date: 07/24/1990
From: Lynott J
BABCOCK & WILCOX CO.
To: Haughney C
NRC OFFICE OF NUCLEAR MATERIAL SAFETY & SAFEGUARDS (NMSS)
Shared Package
ML20055J314 List:
References
NUDOCS 9008020089
Download: ML20055J316 (1)


Text

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BABCOCK & WILCsX INVESTMENT CEMPANY U$.*2.1*E.7eise i

(504) 687 4411 July 24,1990 Mr. C. J. IIaughney, Chief Fuel Cycle Safety Branch Division of Industrial and Medical Nuclear Safety, NMSS United States Nuclear Regulatory Commission Washington, D.C. 20555

Dear Mr. Ilaughney:

I am the President and Chief Executive Officer of The Babcock & Wilcox Investment Company, a Delaware corporation. This letter is in support of this firm's use of the financial test to demonstrate financial assurance, as specified in 10 CFR Part 30,40 and 70.

I hereby certify that The Babcock & Wilcox Investment Company is currently a going concern and that it possesses positive tangible net worth in the amount of $963.9 million at March 31,1990.

This firm is not required to file a Form 10K with the U.S. Securities and Exchange Commission for the latest fiscal year. This fiscal year of this firm ends on March 31, 1991.

I hereby cert!fy that the content of this letter is true and correct to the best of my knowledge.

Very truly yours.

BABCOCK & WILCOX INVESTMENT COMPANY (d-%.

R. E. Ilowson President and Chief Executive Officer REll/atl

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