ML20211H056
| 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
r COLLEGEf h 'Pordand, Oregon 972o2 REED tow o. nFAnf'ANE i
vict ruser,ratAsunr."
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
f
\\
The latest audited financial statement for the year ending June 30,1998, j
which shows that Reed has unrestricted endowment funds of approximately $213,000,000. Please see Statement of Financial Position as f
presented on page 1 and on page 15.
c 1 (11)
I believe the above documentation should be sufficient to allow you to grant approval to Reed to provide self-guarantee of decommissioning cost.
Thank you for your consideration of this request and I look forward to your reply.
Sincerely, neh 8
'M 990902oo05 990310 Edwin O. 4 atlane PDR ADOCK o Vice President / Treasurer u m 15 cc: Stephen Frantz 3203 Southeast Woodstock Boulevard Portland, Oregon 97202-8l99 Telephone (503) 771-1112 710&
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