ML20248L092
| ML20248L092 | |
| Person / Time | |
|---|---|
| Site: | Fort Calhoun  |
| Issue date: | 06/03/1998 |
| From: | Moriarty C OMAHA PUBLIC POWER DISTRICT |
| To: | Wood R NRC |
| References | |
| NUDOCS 9806100418 | |
| Download: ML20248L092 (2) | |
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e 8998 omaha Psbie Power Ostnct 444 South Iah Street Man omaha Nebraska 68172247 June 3,1998 Mr. Robert S. Wood
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U. S. Nuclear Regulatory Commission OWSN 12E4 Washington, DC 20555
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Dear Mr. Wood:
The attached list of investments was approved by the Onaha Fablic Power District Board of Directors for the District's Fort Calhoun Station Unit No.1 Decommissioning Funds in accordance with Nebraska State Statutes identifying permissible investments for " governmental subdivisions". This list expands the permitted investments relayed to you in October 1989 by including investment grade corporate bonds and commingled funds of permitted investments. The District's investment philosophy continues to be " buy and hold-to-maturity" as was relayed to you in 1989.
Our External Trust facility accepted by the Nf;C in 1989 is and continues to be with the First National Bank of Omaha. That Trust Agreement provides for investments allowable under State Statute. In addition to U.S. Treasury and Federal Agency securities held in the past, the Trust will now hold permitted corporate bonds and a commingled fund. The commingled fund will be the Western Asset Management Trust Core Portfolio.
If you have any questions, please contact me at (402) 636-3055.
Sincerely, i
{f C. P. Moriarty Division Manager - Finance c:
E. C. Pape S. G. Olson - Fraser Stryker, et al.
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K. R. Dungan J. W. Thurber
- - 0 L. L. Kapustka
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9806100418 980603 PDR ADOCK 05000285 P
PDR 45 51?4 Employment with Equal opportunrry
OMAHA PUBLIC POWER DISTRICT Fort Calhoun Station Unit No.1 Decommissioning Funds Permissible Investments a.
Debt obligations the principal of and interest on which are unconditionally guaranteed by the United States of America (currently U. S. Treasury Bills, Notes, and Bonds, and Resolution Funding Corporation - Interest Receipts).
b.
Debt obligations of the following Federal Agencies: Federal Home Loan Bank, Federal National Mortgage Association, and Federal Farm Credit Bank.
c.
Any other Federal Agency securities with an implicit U.S. government guarantee or a rating of AAA at the time of purchase as defined by a nationally recognized rating agency.
d.
Domestic issued corporate debt obligations with a rating in any of the investment grade categories of BBB or better as defined by a nationally recognized rating agency at the time of purchase.
o.
Commingled funds of the above categories.
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