DSHW-1985-001261 - 0901a06880156206

MORTON THIOKOL, INC. H E C E IV E D
SFP/?'7 19B5
Utah State Div. Of
Environmental Health
CERTIFIED MAIL - RETURN RECEIPT REQUESTED
DSHW TN
1985.10082
September 26, 1985
State of Utah
Solid and Hazardous Waste Cominittee
Utah Department of Health
P.O. Box 2500
Salt Lake City, Utah 84110-2500
Dear Sir or Madam:
Updated financial test documentation including financial
information for the fiscal year ended June 30, 1985 is
enclosed.
Very truly yours,
/John p. Coffin
Manager of Safety & Environmental Protection
JPC/vt
cc: R. Taylor
Enclosure: Letter from Chief Financial Officer
Morton Thiokol, Inc. 1985 Annual Report
Form lOK
Report from Ernst & Whinney
110 North Wacker Drive. Ctiicago Illinois 60606 • 1560 'jfSfSiiSSStSSSiSii [phone]
MORTON THIOKOL, INC.
John R. Bowen
Vice President DSHW TN
Rnance .___ ^ ^««M<%
1985.10083
September 12, 1985
State of Utah
Solid and Hazardous Waste Committee
Utah Department of Health
P.O. Box 2500
Salt Lake City, Utah 84110-2500
Dear Sir or Madam:
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 demon-
strate financial assurance, as specified in Subpart H of 40 CFR
Parts 264 and 265.
1. This firm is the owner or operator of the following fa-
cility 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: None.
2. This firm guarantees, through the corporate guarantee spec-
ified in Subpart H of 40 CFR Parts 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.
3. In States where EPA is not administering the financial re-
quirements of Subpart H of 40 CFR Parts 264 and 265, this
firm as owner or operator or guarantor, is demonstrating
110 North Wacker Drive, Chicago, Illinois 60606-1560 [phone]
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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 $ 56,281 N/A
5005 Barnerd Mill Rd
Ringwood, IL 60072
ILD062410550
Morton Chemical Division $ 42,757 N/A
2401 East Pratt Blvd
Elk Grove Village, IL 60007
ILD025110834
Ventron Division $ 56,758 N/A
Chicago Plant
1645 S. Kilbourne Avenue
Chicago, IL 60623
ILD096787049
Morton Chemical Division $ 1,158 N/A
1177 East Slausen Ave
Santa Fe Springs, CA 90670
CAD059798819
Elkton Division $ 38,187 N/A
P.O. Box 241, Route 40
Elkton, MD 21921
MDD003067121
Morton Chemical Division $2,800,000 $543,600
Moss Point Plant
P. 0. Box 666
5724 Elder Ferry Road
Moss Point, MS 39563
MSD008186587
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Dynachem Division
P.O. Box 12047
2631 Michelle Drive
Tustin, CA 92680
CAD008334260
Closure
$ 58,000
Post-Closure Care
N/A
Wasatch Division
P.O. Box 524, Route U-83
Brigham City, UT 84302
UTD009081357
$1,480,979 $1,494,210
Ventron Division
Elma Plant
P. O. Box 1224, Route 12
Elma, WA 98541
WADO20231536
11,800 N/A
Morton Chemical Division
Weeks Island Plant
New Iberia, LA 70590
LAD059122077
$ 119,729 N/A
Bee Coated Film Company
500 State Street
Chicago Heights, IL 60411
ILD089828016
20,400 N/A
4. This firm is the owner or operator of the follwing hazard-
ous waste management facilities for which financial assur-
ance 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 of 40 CFR Parts 264 and 265 or equiva-
lent or substantially equivalent State mechanisms. The cur-
rent closure and/or post-closure cost estimates not covered by
such financial assurance 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.
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The fiscal year of this owner or operator ends on June 30. The
figures for the following items marked with an asterisk are de-
rived from this owner's or operators's independently audited,
year-end financial statements for the latest completed fiscal
year, ended June 30, 1985.
ALTERNATIVE II
1. Sum of current closure and post-closure cost estimates
(total of all cost estimates shown in the four para-
graphs above) $ 6,723,859
2. Current bond rating of most recent issuance of this firm
and name of rating service (Standard & Poor's) A
Date of issuance of bond October 1, 1975
Date of maturity of bond October 1, 2000
Tangible net worth (if any portion of the closure and
post-closure cost estimates is included in "total liabili-
ties" on your firms financial statements, you may add the
amount of that portion to this line).. $ 498,202,000
Total assets in U.S. (required only if less than 90% of
firms assets are located in the U.S.).. $ 1,189,500,000
YES NO
7. Is line 5 at least $10 Million?
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.... X
I hereby certify that the wording of this letter is identical
to the wording specified in 40 CFR 264.151(f) as such regula-
tions were constituted on the date shown immediately below.
ll Ti-.l-iri ID U John R. Bowen
Vice President Finance
Date: September 12, 1985