ML14013A265

Pennsylvania State University: Audited Financial Statements - Year Ending June 30, 2013, Self-Guarantee Agreement and Standby Trust Agreement

ML14013A265
Person / Time
Site:	Pennsylvania State University, 07000113
Issue date:	12/20/2013
From:	Doncsecz J J Pennsylvania State Univ, University Park, PA
To:	Xiaosong Yin Document Control Desk, Division of Policy and Rulemaking
Shared Package
ML14015A387	List: ML14013A265 ML14015A390 ML14015A391 ML14015A392
References
Download: ML14013A265 (2)

Text

66evPENNSTATE (814) 865-1355(814) 863-0701Joseph J. DoncseczAssociate Vice President for Finance and Corporate Controller The Pennsylvania State University 408 Old MainUniversity Park, PA 16802-1505 December 20, 2013U.S. Nuclear Regulatory Commission 11555 Rockville PikeRockville, Maryland 20852 -2738Attn: Xiasong Yin~cF~t ~/1/2cMcv~~

Subj: Audited Financial Statements

-Year Ending June 30, 2013, Self-Guarantee Agreement andStandby Trust Agreement License numbers:

R-2SNM-95Breazeale Nuclear Reactor, Docket 050-0005Penn State University, Docket 070-0113

Dear Sir or Madam,

Attachment A contains The Pennsylvania State University's Audited Financial Statements for the lastfiscal year (July 1, 2012 through June 30, 2013). In addition to the enclosed report, an electronic versionmay also be found at http://www.controller.psu.edu/Divisions/ControllersOffice/reports.html.

As required in 10 CFR 30.35.(f).(2),

the financial test and self-guarantee method of 10 CFR 30 AppendixE will be used. The Pennsylvania State University certifies that the University has:(i) 10 CFR 30 Appendix E Paragraph I1.A.(1 ) -The University currently holds a rating for itsmost recent bond issuance of AA as issued by Standard and Poor's, and a bond rating ofAa2 as issued by Moody's, and(ii) 10 CFR 30 Appendix E Paragraph II.C.(1)

-Audited financial statements are attached.

Attachment B contains Penn State University's Self-Guarantee Agreement for Financial Assurance forCost of Decommissioning Activities.

Attachment C contains the Standby Trust Agreement between The Pennsylvania State University andBank of New York Mellon.Please contact Jeffrey Leavey at 814-865-3939 or JAL62@psu.edu if you have any questions.

Sincerely, Joseph J. DoncseczAssociate Vice President for Finance and Corporate Controller Ji2~~C\ ý§YzV I !, 17-of Lý Attaclmuent A -Audited financial statements Attaclhnent B -Penn State University's self-guarantee agreement Attachment C -Standby Trust Agreement cc: Jeffrey Leavey, Radiation Safety OfficerMark Trump, Associate

Director, Radiation Science and Engineering Center, Breazeale Reactor