ML24277A282

Cancellation Notice from Chief Financial Officer of General Electric Company Parent Guarantee of Funds for Decommissioning

ML24277A282
Person / Time
Site:	Vallecitos Nuclear Center, 07000754, 07001113, 07200001, Vallecitos
Issue date:	01/07/2019
From:	John Miller General Electric Co
To:	Office of Nuclear Reactor Regulation, Office of Nuclear Material Safety and Safeguards, State of CA, Dept of Public Health, State of NC, Dept of Health & Human Services
References
Download: ML24277A282 (1)

Text

Jamie s. MIiier Senior Vice President &

C hie( Financial Officer

41 Farnsworth Street Boston. MA 02210 January 7, 2019 USA T +1617 443 3439

U.S. Nuclear Regulatory Commission Director, Office of Nuclear Material Safety and Safeguards 11555 Rockville Pike Rockville, MO 20852

U.S. Nuclear Regulatory Commission Director, Office of Nuclear Reactor Regulation 11555 Rockville Pike Rockville, MD 20852

Kim Sakata California Department of Public Health Radiologic Health Branch 1500 Capital Avenue Sacramento, CA 95814

Chief, Radiation Protection Section NC Department of Health and Human Services 1645 Mail Service Center Raleigh, NC 27699-1600

Subject:

Cancellation Notice from Chief Financial Officer of General Electric Company Parent Guarantee of Funds for Decommissioning

I am the chief financial officer of the General Electric Company, 41 Farnsworth Street, Boston, MA 02210, a New York Corporation ("the compaf!y"). The company has historically provided a "parent company guarantee" to establish financial assurance for nuclear decommissioning of facilities owned and/or operated by Global Nuclear Fuel-America, LLC, GE Reuter Stokes, Inc., and GE-Hitachi Nuclear Energy Americas, LLC (the "licensees") as set forth in Attachment A to this letter. Those guarantees were established pursuant to the regulatory requirements set forth at 10 CFR Part 30. Effective last year the company no longer met the NRC's required annual financial test for using a parent guarantee to provide financial assurance, and the licensees have therefore instead obtained alternate mechanisms (submitted in March of 2018). Once an alternative mechanism is in place, the regulations allow a parent guarantor to cancel the existing guarantee by submitting a notification in writing to the regulatory agencies and the licensees. This letter provides notice of the company's cancellation of the parent company guarantees that were issued in 2017 (one to the NRC and one each to CA and NC, all dated May 1, 2017) for the licenses shown in Attachment 1. Each affected licensee has been notified, and each has established a replacement financial assurance mechanism that was submitted for review in March 2018.

January 7, 2019 Page 2 of3

This cancellation is provided pursuant to Recital 15 of the guarantees, and cancellation will become effective 121 days after your receipt of this notice.

If you have any questions regarding this notice, please call Michelle Catts, Regulatory Affairs at 910-200-9836.

I hereby certify that the content of this letter and attachment are true and correct to the best of my knowledge.

cr~s *JWJ14_) '

Jamie Miller Senior Vice President and Chief Financial Officer January 7, 2019

Attachment:

List of Affected Licensees

CC:

Matthew G Louis, Vice President-Escrow Unit The Bank of New York Mellon 101 Barclay Street, 7 East New York, NY 10286

Global Nuclear Fuel-America, LLC GE Reuter Stokes, Inc.

GE-Hitachi Nuclear Energy Americas, LLC January 7, 2019 Page 3 of 3

Attachment 1 LIST OF AFFECTED LICENSED FACILITIES

Name of Facility License Location of Facility Number Global Nuclear Fuel-Americas, LLC SNM-1097 3901 Castle Hayne Rd.

Wilmington Fuel Manufacturing Facility Docket 70-1113 Wilmington, NC 28401

GE Hitachi Nuclear Energy Americas, LLC NC 065-0317 - 3 3901 Castle Hayne Rd.

Wilmington Field Service Center Wilmington, NC 28401

Reuter Stokes, LLC SNM-1826 8499 Darrow Road Reuter Stokes Facility Docket 70-2872 Twinsburg, OH 44087 GE Hitachi Nuclear Energy Americas, LLC DPR-1 Vallecitos Nuclear Center Vallecitos Nuclear Center {VBWR reactor) Docket 50-18 6705 Vallecitos Rd.

Sunol CA 94566 GE Hitachi Nuclear Energy Americas, LLC R-33 Vallecitos Nuclear Center Vallecitos Nuclear Center (NTR reactor) Docket 50-73 6705 Vallecitos Rd.

Sunol CA 94566 GE Hitachi Nuclear Energy Americas, LLC TR - 1 Vallecitos Nuclear Center Vallecitos Nuclear Center (GETR reactor) Docket SO-70 6705 Vallecitos Rd.

Sunol CA 94566 GE Hitachi Nuclear Energy Americas, LLC DR-10 Vallecitos Nuclear Center Vallecitos Nuclear Center (EVESR reactor) Docket 50-183 6705 Vallecitos Rd.

Sunol CA 94566 GE Hitachi Nuclear Energy Americas, LLC SNM-960 Vallecitos Nuclear Center Vallecitos Nuclear Center Docket 70- 754 6705 Vallecitos Rd.

Sunol CA 94566 GE Hitachi Nuclear Energy Americas, LLC CA0017-01 Vallecitos Nuclear Center Vallecitos Nuclear Center 6705 Vallecitos Rd.

Suno1 CA 94566 GE Hitachi Nuclear Energy Americas, LLC SNM-2500 Morris Operation Morris Operation Docket 72-01 7555 East Collins Rd.

Morris, IL 60450