DSHW-1983-000121 - 0901a06880140275

MORTONTHIOKOLINC
DSHWTN
1983.10001
r^-rri \ r
September 23, 1983
Mr. Dale Parker
Executive Secretary
State of Utah
Solid and Hazardous Waste Committee
Utah Department of Health
P. O. Box 2500
Salt Lake City, Utah 84110-2500
OCT^ 1983
Ut&li i>Ju^ ui\i. Of
iflvifonmental Health
-^^-^f
Dear Mr. Parker:
Updated closure and post-closure cost estimates for hazardous
waste treatment, stiorage, and disposal facilities and finan-
cial information for the fiscal year ended June 30, 1983 are
enclosed. This submission is specified in 40 CFR parts 264
and 265 or comparable state regulations.
Yours very truly.
lohn P. Coffin, Manager
Safety & Environmental Protection
JPC/lw
CC: Ron Taylor/Wasatch Division w/o enclosures
Enclosures: Letter from Chief Financial Officer
Morton Thiokol, Inc. 1983 Annual Report
Form lOK
Report from Ernst & Whinney
110 North Wacker Drive, Chicago, Illinois 60606 [phone]
A
MORJONTHIOKOLJNC
Jolin R. Bowen
Vice President
Finance
DSHW TN
1983.10002
September 23, 1983
State of Utah
Solid and Hazardous Waste Committee
Utah Department of. Health
P. 0. Box 2500
Salt Lake City, Utah 84110-2500
I am the chief financial officer of Morton Thiokol, Inc., 110 North
Wacker Drive, Chicago, Illinois 60606. This letter is in support of
this firm's use of the financial test to demonstrate financial as-
surance, as specified in Subpart H of 40 CFR Parts 264 and 265.
1. This firm is the owner or operator of the following facility for
which financial assurance for closure or post-closure care is
demonstrated through the financial test specified in Subpart H of
40 CFR Parts 264 and 265. The current closure and/or post-closure
cost estimates covered by the test are shown for each facility:
COST-ESTIMATES
Closure Post-Closure Care
Morton Chemical Division $ 6,420 N/A
335 McLean Boulevard
Paterson, NJ 07504
NJDO 51274348
2. This firm guarantees, through the corporate guarantee specified
in Subpart H of 40 CFR Farts 264 and 265, the closure or post-closure
care of the following facilities owned or operated by subsidiaries of
this firm. The current cost estimates for the closure or
post-closure care so guaranteed are shown for each facility: None.
110 North Wacker Drive, Chicago, Illinois 60606 (312) 621 -5445
nr - 2 -
3. In States where EPA is not administering the financial requirements
of Subpart H of 40 CFR Parts 264 and 265, this firm as owner or
operator or guarantor, is demonstrating financial assurance for the
closure or post-closure care of the following facilities through the
use of a test equivalent or substantially equivalent to the financial
test specified in Subpart H of 40 CFR Parts 264 and 265. The current
closure and/or post-closure cost estimates covered by such a test are
shown for each facility:
COST-ESTIMATES
Closure Post-Closure Care
Morton Chemical Division
5005 Barnerd Mill Rd
Ringwood, IL 60072
ILD062410550
$ 26,402 N/A
Morton Chemical Division
2401 East Pratt Blvd
Elk Grove Village, IL 60007
ILD025110834
$ 5,457 N/A
Thiokol Corporation
Ventron Division
Chicago Plant
1645 S. Kilbourne Avenue
Chicago, IL 60623
ILD096787049
$ 9,697 N/A
Morton Chemical Division
1177 East Slausen Ave
Santa Fe Springs, CA 90670
CAD059798819
$ 1,070 N/A
Thiokol Corporation
Elkton Division
P.O. Box 241, Route 40
Elkton, MD 21921
MDD003067121
$ 10,567 N/A
Thiokol Corporation
Specialty Chemicals Division
Moss Point Plant
P. 0. Box 666
5724 Elder Ferry Road
Moss Point, MS 39563
MSDO 08186587
$225,813 $58,743
Dynachem Corporation
P.O. Box 12047
2631 Michelle Drive
Tustin, CA 92680
CAD008334260
$ 12,144 N/A
- 3 -
Dynachem Corporation $ 12,144 N/A
P.O. Box 12047
2631 Michelle Drive
Tustin, CA 92680
CAD008334260
Thiokol Corporation $ 39,911 $48,150
Wasatch Division
P.O. Box 524, Route U-83
Brigham City, UT 84302
UTD009081357
Thiokol Corporation $ 12,315 N/A
Ventron Division
Elma Plant
P. 0. Box 1224, Route 12
Elma, WA 98541
WAD020231536
4. This firm is the owner or operator of the follwing hazardous
waste management facilities for which financial assurance for
closure or, if a disposal facility, post-closure care, is not demon-
strated either to EPA or a State through the financial test or any
other financial assurance mechanism specified in Subpart H of 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:
COST-ESTIMATES
Closure Post-Closure-Care
Morton Chemical Division $ 49,755 N/A
Weeks Island Plant
New Iberia, LA 70590
LAD059122077
Thiokol Corporation $ 2,999 N/A
Ventron Division
Beverly Plant
12-14 Congress Street
Beverly, MA 01915
MAD001022375
Thiokol Corporation $ 21,528 N/A
Ventron Division
154 Andover Street
Danvers, MA 01923
MAD099199051
This firm is required to file a Form lOK with the Securities and
Exchange Commission (SEC) for the latest fiscal year.
_ 4 -
The fiscal year of this owner or operator ends on.June 30. The
figures' for the following items marked with an asterisk are derived
from this owner's or operators's independently audited, year-end
financial statements for the latest completed fiscal year, ended
June 30, 1983.
ALTERNATIVE II
1. Sum of current closure and post-closure cost estimates
(total of all cost estimates shown in the four paragraphs
above) $ 530,971
2. Current bond rating or most recent issuiance of this firm
and name of rating service (Moody's and Standard & Poor's)
' A
3. Date of issuance of bond October 1, 1975
4. Date of maturity of bond October 1, 2000
*5. Tangible net worth (if any portion of the closure and
post-closure cost estimates is included in "total
liabilities" on your firms financial statements, you
may add the amount of that portion to this line)
$ 386,589,000
*6. Total assets in U.S. (required only if less than 90% of
firms assets are located in the U.S.) ... $ 924,000,000
YES NO
7. . Is line 5 at least $10 Million? X
8. Is line 5 at least 6 times line 1.... X
*9. Are at least 90% of firms assets
located in the U.S.? If not, complete
line 10
10. Is line 6 at least 6 times line 1....
I hereby certify that the wording of this letter is identical to the
wording specified in 40 CFR 264.151(f) as such regulations were con-
stituted on the date shown immediately below.
R. Bowen
Vice ISresident Finance
Date: September 23, 1983
Ernst & Whinney 150 south Wacker Drive
Chicago, Illinois 60606
312/368-1800
Mr. John R. Bowen
Vice President - Finance
Morton Thiokol, Inc.
We have examined the consolidated financial statements of Morton Thiokol,
Inc. and subsidiaries for the year ended June 30, 1983, and have expressed
our unqualified opinion thereon in our report dated August 2, 1983.
At your request, we have compared the tangible net worth ($386,589,000)
and total assets in the United States ($924,000,000), as set forth in
your letters dated September 23, 1983 to representatives of environmental
agencies, to the corresponding amounts derived from the aforementioned
consolidated financial statements. In connection with performing this
procedure, no matters came to our attention which caused us to believe
that the specified data should be adjusted.
This letter has been prepared solely to assist you in complying with the
applicable requirements of environmental agencies and is not to be used
for any other purpose.
[^.^^Ti. <^JX*.---^
Chicago, Illinois
September 23, 1983
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