ML052730047

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Submission of 2004 Financial Statements Financial Assurance for Decommissioning - General Atomics
ML052730047
Person / Time
Site: General Atomics
Issue date: 10/03/2005
From: Alexander Adams
NRC/NRR/DRIP/RNRP
To: Asmussen K
General Atomics
Adams A, NRC/N RR/DRIP/RNRP, 415-1127
References
TAC MC6840, TAC MC6841
Download: ML052730047 (3)


Text

October 3, 2005 Dr. Keith E. Asmussen Director, Licensing, Safety and Nuclear Compliance General Atomics P.O. Box 85608 San Diego, CA 92186-9784

SUBJECT:

SUBMISSION OF 2004 FINANCIAL STATEMENTS RE: FINANCIAL ASSURANCE FOR DECOMMISSIONING - GENERAL ATOMICS (TAC NOS. MC6840 AND MC6841)

Dear Dr. Asmussen:

By letter dated April 25, 2005, General Atomics (GA) submitted to the U.S. Nuclear Regulatory Commission (NRC) the consolidated financial statements of General Atomic Technology Corporation (GATC), the parent corporation of GA, and an attestation report containing decommissioning cost estimates and financial tests. This information was submitted in accordance with a commitment made by GATC as part of an alternate method of compliance, agreed to by NRC, with the financial assurance requirements for decommissioning.

Our review of the information confirmed that GATC does not meet the regulations to provide a parent company guarantee and that the alternate method of compliance remains necessary.

Our review also concludes that GA has provided adequate financial assurance pursuant to the conditions of the alternate compliance method agreed to by NRC.

If you have any questions, please call me at 301-415-1127.

Sincerely,

/RA/

Alexander Adams, Jr., Senior Project Manager Research and Test Reactors Section New, Research and Test Reactors Program Division of Regulatory Improvement Programs Office of Nuclear Reactor Regulation Docket Nos. 50-89 and 50-163 cc: Please see next page

October 3, 2005 Dr. Keith E. Asmussen Director, Licensing, Safety and Nuclear Compliance General Atomics P.O. Box 85608 San Diego, CA 92186-9784

SUBJECT:

SUBMISSION OF 2004 FINANCIAL STATEMENTS RE: FINANCIAL ASSURANCE FOR DECOMMISSIONING - GENERAL ATOMICS (TAC NOS. MC6840 AND MC6841)

Dear Dr. Asmussen:

By letter dated April 25, 2005, General Atomics (GA) submitted to the U.S. Nuclear Regulatory Commission (NRC) the consolidated financial statements of General Atomic Technology Corporation (GATC), the parent corporation of GA, and an attestation report containing decommissioning cost estimates and financial tests. This information was submitted in accordance with a commitment made by GATC as part of an alternate method of compliance, agreed to by NRC, with the financial assurance requirements for decommissioning.

Our review of the information confirmed that GATC does not meet the regulations to provide a parent company guarantee and that the alternate method of compliance remains necessary.

Our review also concludes that GA has provided adequate financial assurance pursuant to the conditions of the alternate compliance method agreed to by NRC.

If you have any questions, please call me at 301-415-1127.

Sincerely,

/RA/

Alexander Adams, Jr., Senior Project Manager Research and Test Reactors Section New, Research and Test Reactors Program Division of Regulatory Improvement Programs Office of Nuclear Reactor Regulation Docket Nos. 50-89 and 50-163 cc: Please see next page DISTRIBUTION:

PUBLIC RNRP/R&TR r/f TDragoun MMendonca AAdams WBeckner OGC EHylton FGillespie CBassett DMatthews DHarrison WEresian PIsaac PDoyle MDusaniwskyj DHughes NMSS BThomas CLyon PYoung KWitt WSchuster MVoth ADAMS ACCESSION NO.: ML052730047 TEMPLATE #: NRR-106 OFFICE RNRP:PM RNRP:LA RPRP:ASC RNRP:SC NAME AAdams EHylton MDusaniwskyj BThomas DATE 9/ 30 /05 9/30 /05 10/3 /05 10/ 3/05 C = COVER E = COVER & ENCLOSURE N = NO COPY OFFICIAL RECORD COPY

General Atomics Docket No. 50-89/163 cc:

Mr. Steve Hsu Radiologic Health Branch State Department of Health Service P.O. Box 942732 Sacramento, CA 94234-7320 Mr. Ruben Develasco, Manager Decommissioning Project General Atomics P.O. Box 85608 San Diego, CA 92186-9784 Mr. John Greenwood General Atomics 3550 General Atomics Courts P.O. Box 85608 San Diego, CA 92186-9784 TRTR Newsletter Department of Nuclear Engineering Sciences University of Florida 202 Nuclear Sciences Center Gainesville, FL 32611