ML20138A821
| ML20138A821 | |
| Person / Time | |
|---|---|
| Site: | BWX Technologies, 07001201, 07000364, 07000824, 07000135 |
| Issue date: | 09/16/1985 |
| From: | Jordan L BABCOCK & WILCOX CO. |
| To: | Crow W NRC OFFICE OF NUCLEAR MATERIAL SAFETY & SAFEGUARDS (NMSS) |
| References | |
| 25803, NUDOCS 8510110093 | |
| Download: ML20138A821 (5) | |
Text
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REGULATORY OPERAT103F
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Babcock & WilcoQETURN TO 396-SS a McDermott company [\\h
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Mr. W. T. Crow, Acting Chief /
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Division of Fuel Cycle and Material Safety United States Nucler.r Regulatory Commission
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Washington, D.C.
20555 Re: License Number SNM-42, SNM-145.
SNM-414, SNM-778 and SNM-1168 -
Financial Assurance for Payment for Decommissioning Costs
Dear Mr. Crow:
In a letter dated March 13, 1978, Mr. George G.
Zipf, then President of the Babcock & Wilcox Company, st:ated 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 first; a copy of an Officer's Certificate i
to the Company's lenders, under certain Promissory Note Agreements, that the Company has met all restrictive covenants contained in the Note Agreements 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 these Certificates signed by Messrs. John A.
- Lynott, Executive Vice President and Chief Financial and Administrative Officer and Robert A.
Jolliff, Treasurer, dated June 28, 1985 for the year ended March 31, 1985.
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, 8510110093 850916 THE BABC0CK & WILCOX COMPANY PDR ADOCK 07000027 f
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o CERTIFICATE 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 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, 1985.
In witness whereof we have hereunto set our hand this 28th day of June, 1985.
i
' John
.Lr att Exec mive Vic ident, Chief Finan ial and A i
rative Officer t
I s/ RobertA.golliff
Treasurer
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J CERTIPICATE We, 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 default or event of default as defined in section thereof, during the fiscal year ended March 31, 1985.
In witness where,of we have hereunto set our hand this 28th day of June, 1985.
John Ly ott Exe tive V' e Pr sident, Chief Fina cial d Ad trative Officer t
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VRobert A. f,oMif y T r e a s M.er l
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CERTIFICATE
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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 the Guarantor, that there exists no default or event of default as defined in section thereof, during the fisce.1 year ended March 31, 1985.
In witness whereof we have hereunto set our hand
._this 28th day of June, 1985.
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A mi strative Officer It
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Qobert A. pllif f' /
Treasurer
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CE'RTIFICATE
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We, 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%
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, 1985.
In witness whereof we have hereunto set our hand
'this 28th day of June, 1985.
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,M obert A@if f/
ssistant Treasurer e
Imcuwrony oceurme A y g g, ds e /
nx muy Babcock & Wilco.gTURN TO 396-SS 1
a McDermott company h
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P.O. Box 61038
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New Orleans, Louisiana 70161
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Septe nber 16, 1985 O**
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.2 Mr. W. T. Crow, Acting Chief Uranium Fuel Licensing Brandh D !
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1-Division of Fuel Cycle and Material Safety United States Nuclear Regulatory Commission 7[-h Washington, D.C.
20555 Re: License Number SNM-42, SNM-145, SNM-414, SNM-778 and SNM-1168 -
Financial Assurance for Payment for Deco =missioning Costs
Dear Mr. Crow:
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 cover the costs of decornissioning all its nuclear facilities would be provided to you.
The nature of these assurances would be first; a copy of an Officer's Certificate to the Company's lenders, under certain Promissory Note Agreements, that the Company has met all restrictive covenants contained in the Note Agreements 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 these Certificates signed by Messrs. John A.
- Lynott, Executive Vice President and Chief Financial and Administrative Officer and Robert A. Jolliff, Treasurer, dated June 28, 1985 for the year ended March 31, 1985.
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, G
Tile BABCOCK & WILCOX COMPANY c;'
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Jordan y'
SEP 2 41985 3 i
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CERTIFICATE t
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 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, 1985.
In witness whereof we have hereunto set our hand this 28th day of June, 1985.
i John Lr att Exec ive Vic ident, Chief Finan ial and A i
rative Officer I
I s/ Robert A.gollif f' '
Treasurer N
(
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CERTIFICATE We, 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 default or event of default as defined in section thereof, during the fiscal year ended March 31, 1985.
In witness whereof we have hereunto set our hand this 28th day of June, 1985.
John Ly artf Exe tive V' e Pr sident, Chief Fina cial d Ad trative Officer i
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'v' Robert A. fohif V TreasMer
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1 CERTIFICATP.
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 the Guarantor, that there exists no default or event of default as defined in section thereof, during the fiscal year ended March 31, 1985.
In witness whereof we have hereunto set our hand
. - this 28th day of June, 1985.
a John I.
Ly tt' Execu ve Vic Pre ident, Chief Finan 'al n
A mi trative Officer 1.
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i gobert A. pllitr /
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Treasurer m
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C5RTIFICATE
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We, 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%
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, 1985.
In witness whereof we have her'eunto set our hand
'this 28th day of June, 1985.
gohn
. Ly ott rVice e
Finance s
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a tobert A@f f/
ssistant Treasurer
REGULATORY OPMitAnun f[
WD.cgN FR,P COPY Babcock & WilcoLLrxrrrRETURN TO 396-SS ref NO k'f\\'n\\
P.O. Box 61038 a McDermott company
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(504) 587-5700 24 74-m /
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September 16, 1985
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.a Mr. W. T. Crow, Acting Chief Division of Fuel Cycle and Material _' Safety
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Uranium Fuel Licensing Bran 2h United States Nuclear Regulatory Commission
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Washington, D.C.
20555 Re: License Number SNM-42, SNM-145, SNM-414. SNM-778 and SNM-1168 -
Financial Assurance for Payment for Decommissioning Costs
Dear Mr. Crow:
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 cover the costs of decommissioning all its nuclear facilities would be provided to you.
The nature of these assurances would be first; a copy of an Officer's Certificate to the Company's lenders, under certain Promissory Note Agreements, that the Company has met all restrictive covenants contained in the Note Agreements 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 these Certificates signed by Messrs. John A.
- Lynott, Executive Vice President and Chief Financial and Administrative Officer and Robert A.
Jolliff, Treasurer, dated June 28, 1985 for the year ended March 31, 1985.
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, I %,
THE BABC0CK & WILCOX COMPANY
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Jordan 9
Assistant Controller i
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. is CERTIFICATE s
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 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, 1985.
In witness whereof we have hereunto set our hand this 28th day of June, 1985.
John L
ott Exec mive Vic ident, Chief Finan ial and A i
rative Officer W
%/ Robert A.gollif f' '
Treasurer
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CERTIFICATE We, 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 i
j 8-1/2% Promissory Notes due January 1, 1997, entered i
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, 1985.
In witness whereof we have hereunto set our hand this 28th day of June, 1985.
John
. Ly ott Exe tive V' e Pr oident, Chief Fina cial d Ad
' trative Officer f
t l'
. DAGW VRobert A. goMif f/
T r e a s M.er
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l CERTIFICATE 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 the Guarantor, that there exists no default or event of default as defined in section thereof, during the fiscal year ended March 31, 1985.
In witness whereof we have hereunto set our hand
._this 28th day of June, 1985.
John T. Lyptt' Execu ve Vic Pre #ident, Chief Finan 'al n
A mi trative Officer
_ _J L y
M4 Qobert A. pllif f /
Treasurer
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CERTIFICATE
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We, 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'- 9%
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, 1985.
In witness whereof we have her'unto set our hand e
'this 28th day of June, 1985.
gohn t.Ik/ott rVice e
Finance s
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!M obert A@f f/
ssistant Treasurer
$nhellRY opt:unn p/?BktL)bwg Babco'ck & WilcoWETURN TO 396-SS g;g M
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P.O. Box 61038 a McDermott company
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(504) 587-5700 7
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2 September 16, 1985
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Mr. W. T. Crow, Acting Chief
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UraniumFuelLicensingBranchl#
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Division of Fuel Cycle and Material Safety United States Nuclear Regulatory Commission
(( -[
Washington, D.C.
20555 7
Re: License Number SNM-42, SNM-145, SNM-414, SNM-778 and SNM-1168 -
Financial Assurance for Payment for Decommissioning Costs
Dear Mr. Crow:
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 cover the costs of decommissioning all its nuclear facilities would be provided to you.
The nature of these assurances would be first; a copy of an Officer's Certificate to the Company's lenders, under certain Promissory Note Agreements, that the Company has met all restrictive covenants contained in the Note Agreements and second, that periodically, the Compcny 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 these Certificates signed by Messrs. John A.
- Lynott, Executive Vice President and Chief Financial and Administrative Officer and Robert A.
Jolliff, Treasurer, dated June 28, 1985 for the year ended March 31, 1985.
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.
N
/4 THE BABCOCK & WILCOX COMPANY
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Assistant Controller SEP 2 41985 > k m
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,. o CERTIFICATE 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 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, 1985.
In witness whereof we have hereunto set our hand this 28th day of June, 1985.
' John
.L ott Exec vive Vic ident, Chief Finan ial and A i
rative Of ficer l
MI J Robert A.g olliff '
Treasurer
\\
(
s CERTIFICATE We, 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 Janu'ary 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, 1985.
In witness whereof we have hereunto set our hand this 28th day of dune, 1985.
John Ly,ott Exe tive V' e Pr sident, Chief Fina cial d Ad trative Officer t
i brib-in
\\/ Robert A. f'o'llif E/
Treas6./er
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CERTIFICATE 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 the Guarantor, that there exists no default or event of default as defined in section i
thereof, during the fiscal year ended March 31, 1985.
In witness whereof we have hereunto set our hand
.this 28th day of June, 1985.
/
John I.
Ly t t' Execu ve Vic Pre ident, Chief Finan 'al n
A mi trative Officer J
.J U.-
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Qobert A. pllif t' /
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Treasurer 1
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CERTIFICATE We, 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%
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, 1985.
In witness whereof we have her'eunto set our hand this 28th day of June, 1985.
t Ly ott g ohn Vice eo Finance s
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lobert A@f f /
ssistant Treasurer
.