ML20211H056

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Expresses Appreciation for Researching Matter Re Ability of Colleges to self-guarantee Decommissioning Costs.Documents in Support of Request That Reed College Be Approved as College Providing self-guarantee of Decommissioning Encl
ML20211H056
Person / Time
Site: Reed College
Issue date: 03/10/1999
From: Mcfarlane E
REED COLLEGE, PORTLAND, OR
To: Mendonca M
NRC (Affiliation Not Assigned)
Shared Package
ML20211H063 List:
References
NUDOCS 9909020005
Download: ML20211H056 (1)


Text

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r REED COLLEGEf h 'Pordand, Oregon 972o2 tow o. nFAnf'ANE i vict ruser,ratAsunr."

I March 10,1999 V () - g Fr E' v

Mr. Marvin M. Mendonca, Sr. Project Manager Non-Power Reactors and Decommissioning Project Directorate Division of Reactor Program Management Office of Nuclear Reactor Regulation j Mail Stop 011D19 j Washington, D.C. 20555-0001

Dear Mr. Mendonca:

Thank you for researching the matter regarding the ability of colleges to self-guarantee decommissioning costs. After reviewing the criteria in Appendix E to f

Part 30, Items I, IIA, IIC and IIID, it appears that Reed College does meet the requirements necessary to provide the self-guarantee.

Therefore, enclosed are the following documents in support of our request that Reed College be approved as a college providing self-guarantee of decommissioning costs:

A written guarantee signed by Reed's president that Reed College will fund and carry out the required decommissioning activities if and when the Reed College Reactor is decommissioned; The July 31,1998, letter from Standard and Poor's indicating that Reed /

College has been rated at A+; and, J

The latest audited financial statement for the year ending June 30,1998, f \

j which shows that Reed has unrestricted endowment funds of I approximately $213,000,000. Please see Statement of Financial Position as f presented on page 1 and on page 15. c I believe the above documentation should be sufficient to allow you to grant 1 (11) approval to Reed to provide self-guarantee of decommissioning cost.

Thank you for your consideration of this request and I look forward to your I reply.

Sincerely, I

neh 8 'M -

990902oo05 990310 Edwin O. 4 atlane PDR ADOCK o 1 Vice President / Treasurer cc: Stephen Frantz u m 15 l

3203 Southeast Woodstock Boulevard Portland, Oregon 97202-8l99 Telephone (503) 771-1112 710& b