ML20217J308
| ML20217J308 | |
| Person / Time | |
|---|---|
| Site: | General Atomics, 07000734 |
| Issue date: | 03/31/1998 |
| From: | Asmussen K GENERAL ATOMICS (FORMERLY GA TECHNOLOGIES, INC./GENER |
| To: | Alexander Adams, Gaskin C NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| Shared Package | |
| ML20013G858 | List: |
| References | |
| 696-38-67-2892, NUDOCS 9804060262 | |
| Download: ML20217J308 (4) | |
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CENEkAL ATORNCE March 31,1998 696/38/67-2892 Document Control Desk U.S. Nuclear Regulatory Commission Washington, D.C. 20555 ATfN: Mr. Alexander Adams,Jr.
Mr. Charles E. Gaskin
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Subject:
Docket Nos. 50-89,50-163 and 70-734: License Nos. R-38, R-67 and SNM-696 i
Respectively; Submittal of Revised Financial Documents (1997) Re: Firancial i
Assurance for Decommissioning
References:
- 1) Asmussen, Keith E., Letter No. 38/67-1884 to U.S. Nuclear Regulator,'
Commission ATTN: Mr. Marvin Mendonca, " Docket Nos. 50-89 and 5s-163:
License Nos. R-38 and R-67; Decommissioning Report and Financial Assurance" dated July 26,1990.
- 2) Asmussen, Keith E., Letter No. 696-1963 to Mr. John W. N. Hickey, U.S.
Nuclear Regulatory Commission, " Docket No.70-734; License No. SNM-696 Submittal of Decommissioning Funding Plan," dated September 10,1992.
- 3) Asmussen, Keith E., Letter No. 696-2581 to U.S.. Nuclear Regulatory Commission ATTN: Mr Alexander Adams, Jr. and Mr Charles E. Gaskin, i
" Docket Nos. 70-0734,50-89 and 50-163; Decc.annsning Financial Assurance," dated May 20,1996.
- 4) Weiss, Seymour H. and Robert C. Pierson, Letter to Dr. Keith E. Asmussen,
" FINANCIAL ASSURANCE FOR NRC LICENSES SNM-696, R-38, R-67 DOCKET NOS. 70-0734,50-89,50-163," Dated July 9,1996.
Gentlemen:
Genwal Atomics (GA) possesses two TRIGA research reactors under Nuclear Regulatory Commission (NRC) License Nos. R-38 and R-67 (both of which have been amended to withdraw authorization to operate), and conducts operations involving the possession (but not use) of special nuclear material under NRC License No. SNM-696. In compliance with 10 CFR Parts 50.33 and 70.25, GA previously submitted financial assurance for the estimated cost of decommissioning its reactors and its SNM-696 licensed facilitie'. (Refs.1 & 2). The financial assurance was provided by a parent company guarantee based on the financial test contained in Appendix A of 10 CFR 30.
Subsequently, for reasons detailed in Reference 3. GA was and is in non-compliance.vith the applicable NRC financial assurance regulations (10 CFR 50.75 and 70.25). As a consequence, GA proposed that an alternate method of compliance be approved by the NRC (Ref. 3). After reviewing GA's proposal, consolidated financial statements, and other relevant
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information, the NRC agreed to exercise its discretion and forebear enforcement; provided, l
however, that should circumstances materially change such that GA's parent wopld be able to
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qualify under the regulations to provide a guarantee for the full amount of the qstimated costs of decommissioning, this forebearance shall cease (Ref. 4).
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Document Control Desk March 31,1998 696/38/67-2892 Page 2 The guarantee included a commitment by General Atomic Technologies Corporation (GATC), the parent guarantor, to submit revised financial statements, financial test data, and a special auditor's report and reconciling schedule annually within 90 days of the close of the parent guarantor's fiscal year. Accordingly, submitted herewith is said info 1mation for 1997.
This same iaformation democtrates that the circumstances described in Ref. 3 have not changed materially and GA's parent company does not qualify under the regul 'us to p1 ovide the guarantee. Therefore, GA will continue to provide financial assurance 0.rsuant to the alternate method of compliance.
As set forth in the enclosed affidavit of Mr. Jones, GATC requests that this information be treated as proprietary information under the provisions of 10 CFR 2.790. GATC is a privately held corporation and the enclosed financial statements contain sensitive financial information.
If you should have any questions regarding this submittal, please do not hesitate to contact me at (619) 455-2823.
Very tmly yours,
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We Keith E. Asmussen, Director Licensing, Safety and Nuclear Compliance Enclosures as stated cc:
Mr. Ellis W. Merscitoff, NRC Region IV (w/o enclosures)
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U.S. NRC Document Control Desk March 31,1998 Enclosure to GA Letter No. 696/38/67-2892 Page 1 STATE OF CALIFORNIA
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I AFFIDAVIT OF JOHN E. JONES I, John E. Jones, Secretary and Treasurer of General Atomic Technologies Corporation, do hereby l
affirm and state:
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I am an officer of General Atomic Technologies Corporation and I am authorized to execute this affidavit on behalf of General Atomic Technologies Corporation.
2.
The affidavit is submitted under the provisions of 10 CFR 2.790 in order to withhold the enclosed financial statements and other enclosed financial information of General Atomic Technologies Corporatioq from public disclosure or publication.
l 3.
The subject documents constitute confidential financial information of a privately-held l
corporation which has been held in confidence by the owner and are customarily held in such confidence, and are not available in public sources. Public disclosure would create substantial harm to the owner by providing detailed financial information to its competitors and other parties whose interest may be adverse to the owner.
GENERAL ATOMIC TECHNOLOGIES CORPORATION O
P J hn E.Jo ecretary Treasurer Subscribed and sworn to before me this 31st day of March 1998.
l WITNESS my hand and official seal.
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