ML22235A763

U.S. Nuclear Regulatory Commission Staff Review of Final Draft of the Standby Trust Agreement Between Cimarron Environmental Response Trust and U.S. Bank National Association for the Cimarron Facility in Crescent, Oklahoma

ML22235A763
Person / Time
Site:	07000925
Issue date:	03/25/2014
From:	Norato M Office of Nuclear Material Safety and Safeguards
To:	Halliburton B Cimarron Environmental Response Trust, Environmental Properties Management
References
Download: ML22235A763 (3)

Text

UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, D.C, 20555-0001 March 25, 2014 Mr. Bill Halliburton Administrator, Cimarron Environmental Response Trust c/o Environmental Properties Management, LLC 9400 Ward Parkway Kansas City, MO 64114

SUBJECT:

U.S. NUCLEAR REGULATORY COMMISSION STAFF REVIEW OF FINAL DRAFT OF THE STANDBY TRUST AGREEMENT BETWEEN CIMARRON ENVIRONMENTAL RESPONSE TRUST AND U.S. BANK NATIONAL ASSOCIATION FOR THE CIMARRON FACILITY IN CRESCENT, OKLAHOMA

Dear Mr. Halliburton:

By e-mail dated January 30, 2014, you submitted a Final Draft of the Standby Trust Agreement and supporting documents establishing U.S. Bank National Association as the financial trustee for the Cimarron site in Crescent, Oklahoma for U.S. Nuclear Regulatory Commission (NRC) review.

In accordance with NUREG-1757, Vol. 3, Rev, 1, A.12 and 10 CFR 70.25(f)(2)(ii), a standby trust must be established for decommissioning costs. The trustee and trust must be acceptable to the Commission. An acceptable trustee is regulated by a State or Federal Government agency, or an entity having the authority to act as a trustee, and whose trust operations are regulated and examined by a Federal or State agency.

Pursuant to your request, the NRC staff has reviewed the Final Draft of the Standby Trust Agreement against the guidance provided in NUREG-1757. The NRC staff determined that the trustee is federally regulated and has the authority to act as a trustee, and that the language used in the Final Draft of the Standby Trust meets the NRCs guidance and regulatory requirements, and therefore is acceptable.

Please execute the Final Standby Trust Agreement with U.S. Bank National Association and provide a signed original of the Agreement to Ken Kalman, Project Manager,

B. Halliburton If you have any questions concerning the above, please contact Mr. Kalman, at (301) 415-6664 or via email at kenneth.kalman@nrc.gov.

Sincerely, Michael Norato, Ph.D., Chief Materials Decommissioning Branch Decommissioning and Uranium Recovery Licensing Directorate Division of Waste Management and Environmental Protection Program Office of Federal and State Materials and Environmental Management Programs

Cimarron Site Service List - Ken Kalman, Project Manager cc:

Mike Broderick Radiation Management Section Waste Management Division Department of Environmental Quality 707 North Robinson Oklahoma City, OK 73102-6087 Jeff Lux Environmental Properties Management LLC 1908 Willow Way Circle Edmond, OK 73013