PCRSAPost Closure Radiological Safety Assessment (assessment for the period after which no control of a site is exercised)
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Fitch believes that so long as permanent cost increases are periodically incorporated into the base rate, the PCRSA will provide APUD with sound rate flexibility to respond quickly to any unexpected cost changes.
The PCRSA has a targeted account balance of about $50 million by 2006 (currently funded at about $25 million).
85x (including cash flows from PCRSA deposits) strong liquidity with unrestricted cash covering about 200 days of operating expenses, and manageable overall leverage (including off balance sheet obligations) with debt to funds available for debt service of 7.