ML20056A262

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Provides Info Required by 10CFR50.75 Re Assurances That Funds Will Be Available to Decommission Research Reactor. Licensee Will Make Available Senior Reactor Operator to Supervise Decommissioning Over Period of 1 to 2 Yrs
ML20056A262
Person / Time
Site: Reed College
Issue date: 07/31/1990
From: Powell J
REED COLLEGE, PORTLAND, OR
To: Michaels T
Office of Nuclear Reactor Regulation
References
NUDOCS 9008060249
Download: ML20056A262 (1)


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REED COLLEGE l H 'I'm/and, Orgou n20:

Of FIC1 Di THt iti$1DLA1 l

July ? t,1990 >

I l Mr. Theodore hiichaels Office of Nuclear Reactor Regulation i

U.S. Nuclear Regulatory Commission Washington, DC 20555 Re: License R-112, Docket 50-288

Dear Mr. Michaels:

The purpose of this letter is to supp regarding assurances that funds willtobe ilable ava,1y information decommission the Reed TRIGA required Mark I by 10CFR50.

Research Reactor. Currently, we have ,no plans to decommission the reactor. Therefore, for purposes of lanning, we are assuming that the reactor operates to the expiration ofits current operatin license on 3 October 2007.

We have det'rmined the cost of decommissioning as of 1990 by consultation with Dr. J. Razvi, of General Atomics, Professor J. G. Williams of the University of Illinois and individuals at Chem Nuclear Systems. Based on these consultations we estimate a cost

in 1990 dollars of $500,000.00, which assumes returning the building to a condition suitable for unrest.icted use. In addition, Reed will make available a Senior Reactor Operator, to supervise the decommissioning, over a period of 1 2 years.

We have adjusted the present cost for inflation simply by assuming that the present inflation rate of 4.5% continues indefinitely, and have obtained a corrected cost of

$1,056,700.00,i.e. 2.1134 X $500,000.00, for the year 2007, if the extrapolation turns out to be unrealistic, we will adjust the inflation rate accordingly,in future estimates.

The funding method chosen by Reed College is the prepayment method, where the College will establish an appropriate account with the First interstate Bank tmst department here in Portland.

l l Si cerely, l .

James L. Powell President ec: D. Bennett '

NRC Region V I State of Oregon M. Pollock


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