DSHW-2009-015425 - 0901a06880155e51

THIOKOL CORPORATION ^HMV^SlJtfiD!^
2475 WASHINGTON BOUtEVARD SPACE'DEFENSE-FASTENING SYSTEMS OGDEN, UTAH 84401-2398
801-629-2051 FAX: [phone]
RICHARD L. CORBIN
SENIOR VICE PRESIDENT AND
CHIEF FINANCIAt OFFICER
OCT W\ mi
11 September 1996 „... %• OHO^ ^
Otvisio.1 of Soiid S h'aza/wts ^'aste
Utah Department of Efivirannisntai Catiliij
Mr. Dennis R. Downs
Executive Secretary
Solid and Hazardous Waste Committee
Utah Department ofHealth
P.O. Box 16690
Salt Lake City, Utah 84114-4880
Dear Mr. Downs:
I am the chief financial officer of Thiokol Corporation, 2475 Washington Boulevard, Ogden,
Utah 84401. This letter is in support of the use of the financial test to demonstrate financial
responsibility for liability coverage and closure and post-closure care as specified in 26-14 Utah
Code Annotated.
The firm identified above is the owner or operator of the following facilities for which liability
coverage for both sudden and nonsudden accidental occurrences is being demonstrated
through the financial test specified in 26-14 Utah Code Annotated:
Thiokol Corporation
Utah-Based Operations
P.O. Box 689
Brigham City, UT 84302-0689
UTD009081357
The firm identified above guarantees through the guarantee specified in 26-14 Utah Code
Annotated liability coverage for both sudden and nonsudden accidental occurrences at the
following facilities owned or operated by the following subsidiaries ofthe firm: None.
1. The firm identified above owns or operates the following facilities for which financial
assurance for closure or post-closure care or Uability coverage is demonstrated through
the financial test specified in 26-14 Utah Code Annotated. The current closure and/or
post-closure cost estimate covered by the test and shown for each facility:
COST-ESTIMATES
Closure Post-Closure Care
Rockaway Borough $8,000,000 Combined
Superftind Site
Morris County, NJ
Mr. Dennis R. Downs
27 September 1996
Page 2
COST-ESTIMATES
Closure Post-Closure Care
Rockaway Township $3,000,000 Combined
Superfiind Site
Morris County, NJ
2. The firm identified above guarantees, through the guarantee specified in 26-14 Utah
Code Annotated, the closure and post-closure care of liability coverage of the
following facilities owned or operated by its subsidiaries. The current cost estimates
for the closure or pwst-closure care so guaranteed are shown for each facility:
COST-ESTIMATES
Closure Post-Closure Care
Huck International, Inc. $26,265 N/A
9{X) Watsoncenter Rd.
Carson, CA 90745
EPA #CAD044429884
Huck Intemational, Inc. $45,900 N/A
3969 Paramount
Lakewood, CA 90712
CAL000122538
3. In States where EPA is not administering the financial requirements of Subpart H of 40
CFR Parts 264 and 265, this firm is demonstrating financial assurance for the closure or
post-closure care of the following facilities through the use of a test specified in
Subpart H of 40 GFR Parts 264 and 265. The current closure or post-closure cost
estimates covered by such a test are shown for each facility:
COST-ESTIMATES
Closure Post-Closure Care
Thiokol Corporation $4,849,483 $2,844,257
Utah-Based Operations
P.O. Box 689
Brigham City, UT 84302-0689
UTD009081357
4. The firm identified above owns or operates the following hazardous waste
management facilities for which financial assurance for closure or, if a disposal facility,
post-closure care, is not demonstrated either to EPA or a State through the financial
test or any other financial assurance mechanism specified in Subpart H or 40 CFR Parts
264 and 265 or equivalent or substantially equivalent State mechanisms. The current
closure and/or post-closure cost estimates not covered by such financial assurance are
shown for each facility: None.
Mr. Dennis R. Downs
27 September 1996
Page 3
5. This firm is the owner or operator of the following UIC facilities for which financial
:. assurance for plugging and abandonment is required imder 40 CFR Part 144. The
current closure cost estimates as required by 40 CFR 144.62 are shown for each
facility: None.
This firm is required to file a Form lOK with the Securities and Exchange Commission (SEC)
for the latest fiscal year.
The fiscal year of this firm ends on June 30. The figures for the following items marked with
an asterisk are derived fi'om this firm's independently audited year-end financial statements for
the latest completed fiscal year, ended June 30,1996.
Part B. Closure or Post-Closure Care and Liability Coverage
Altemative n
1. Sum of current closure and post-closure cost estimates (total of all cost estimates
listed above) $ 18.765.905
2. Amount of annual aggregate liability coverage to be
demonstrated $ 8.000.000
3. Sum of lines 1 and 2 $ 26.765.905
4. Current Bond Rating of most recent issuance and name of rating service:
Rating Service: Standard and Poor's Rating: BBB-
5. Date of issuance of bond: None issued to-date.
6. Date of maturity of bond: Not Applicable.
*7. Tangible net worth $413.900.000
*8. Total assets in the U.S. (required only if less than 90% od assets are located in the U.S)
Not Applicable
YES NO
9. Is line 7 at least $10 Million? X_
10. Is line 7 at least 6 times line 3? JC
* 11. Are at least 90% of assets located in the
U.S.? Ifnot, complete line 12 X
12. Is line 7 at least 6 times line 3? N/A
Mr. Dennis R. Downs
27 September 1996
Page 4
I hereby certify that the wording ofthis letter is identical to the wording specified in 26-14 Utah
Code Annotated as such regulations were constituted on the date shown immediately below.
l
Richard L. Corbin
Senior Vice President &
Chief Financial Officer
Date: September 27,1996