ML20148E124
| ML20148E124 | |
| Person / Time | |
|---|---|
| Site: | BWX Technologies, 07001201, 07000364, 07000824, 07000135 |
| Issue date: | 09/02/1980 |
| From: | Jordan L BABCOCK & WILCOX CO. |
| To: | Page R NRC OFFICE OF NUCLEAR MATERIAL SAFETY & SAFEGUARDS (NMSS) |
| References | |
| 17335, NUDOCS 8010210283 | |
| Download: ML20148E124 (4) | |
Text
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70~ /Z#l P.O. Box 61038, New Orleans, La. 70161 babcock &WilCOX Mephmed500 587 57N
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1 Mr. R. G. Page, Acting Chief C
C g"37 Ty M41f 3i Uranium Fuel Licensing Branch 9.
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DCKLr Division of Fuel Cycle and Material Safety s
sS United States Nuclear Regulatcry Corrmission Q7%g, 3 Washington, D. C.
20666 Re: License Numbers SNH-42, SNM-145, SNM-414, SNM-778 and SNS-ll68 -
Financial Assurance for Payment f' r Decortnissioning Costs
Dear Mr. Page:
In e letter dated March 13, 1978, Mr. George G. Zipf, then President of the Babcock & Wilcox Coupany, stated that continuing asrurence of Babcock & Wilcox's abili*y to mver the wsts of de.corrmissioning all its nuclear facilities would be prcvided to you.
The nature of these assurances would be first; a copy of an Officer's Certificate to the Company's lenders, under certain Prom ssory Note Igreements, i
that the Coapany has met ell restrictive covenants contained in the Note Agreements and second; that periodically, the Conpany muld neasure the wst of decomist:ioning its nuclear facilities to insure that they did not exceed the Coapany's working capital.
Attached are wpies of these Ct dificates signed by Messrs. John A. Lynott, Excecutive Vice President-Finance and Robert A.
Jolliff, Treasurer, dated September 2, 1980 for the year ended March 31, 1980.
In addition, the Company's working capital, at that cite, was simnificantly in excess of the estimated cost to cbccxtmiacion its nuclear facilities.
If you have any questions related to this submittal, please advis us.
Very truly yours, THE BABCOCK & NIw3X 03MPNW THIS DOCUMENT CO1TAliis POOR QUAUTY PAGES MbVp k 9 7 ["Y S,N Leo V[ Jordan N
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Assistant Controller
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attachmenh 010n o $U The Babcock & Wilcox Company / Established 1867
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P.O. 50x 61023, New Crieans, La. 70161 Babcock &Wiicox re:e=,:=e: <ssi 537 57:0
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i C E R T I F
1 C A T E We, the undet si gned do hereby cer tify, pursuant to Sedion 7 (L), of page 7 of the Note Agreceent da ted Jancary 1,1977 rela ting to the Company 's 8 1/2%
Pro issory Motes due January 4,1997, entered into between ycu and the Company, that there exists no dei:3 ult or event of def ault as de fined in section thereof, curing the fiscal years ended March 31, 1979 and liarch 31, 1980.
,; f In witness whereof we have hereunto set cur hand this 18th day of
.une, 1930.
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f Executive Vice P/esident-Finance j
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R T I F 7 C A _T E
We, the undereigned do hereby certify, pursuant to Section 3 (D), of page 6 of the Gucranty Agreement dated December 1,1976 rel a ting to the Guar antor 's 9%
Cuaranteed Noten due Deccaber 1,1996, entered into between you and the Guarantor, that there exists no def ault or event of debalt as defined f n cection thereof, during the fiscal years encad hrch 31, 1959 and March 31, 1980.
In witness t. hereof wa have hereunto set our hand this '18th day of June, 1980.
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John /A. Ly n (t Executive ice Pr sident-Finance Ih s if Rober t 'A./' o'lli f f#'
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C P.O. !.:x 61033 ther Cr!eers. ta. 70161 BIGCOCk &WilCOX Teie:n: eusco ss7 57co C E R T I F I C-A T E Ue, the undersigned do hereby certify, pu r su ant to Section 7 (D), of page 10 of the !;ote Agreement da ted October 12, 1971 rela ting to t.he Company 's 9%
Promisscry 'ote due October 1, 1991, entered ir.co between y oa and the Company, that there exists no def ault or uent of def ault as de fined in section thereof, during the f f rcal years ended tarch 31, 1979 and !! arch 31, 1980, in witness whereof we have hereunto e t our hand this 18th day of Ju;.e,
1980.
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Jo% A. D//ot t Executiv Vice " resident-Finance
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