(1) Tangible net worth of at least $21 million, and total net worth of at least 10 times the amount of decommissioning funds being assured by a self-guarantee for all decommissioning activities for which the company is responsible as self-guaranteeing licensee and as parent-guarantor for the total of all nuclear facilities or parts thereof (or the prescribed amount if certification is used pursuant to sections 30197(b)(2), 30197.1(b)(2), or 30197.2(b)(2), as applicable);

(2) Assets located in the United States amounting to at least 90 percent of total assets or at least 10 times the total current decommissioning cost estimate (or the prescribed amount if certification is used pursuant to sections 30197(b)(2), 30197.1(b)(2), or 30197.2(b)(2), as applicable) for all decommissioning activities for which the company is responsible as self-guaranteeing licensee and as parent-guarantor; and

(3) A ratio of cash flow divided by total liabilities greater than 0.15 and a ratio of total liabilities divided by total net worth less than 1.5.

(1) The guarantee shall remain in force unless the licensee sends notice of cancellation by certified mail, return receipt requested, to the Department. Cancellation may not occur until an alternative financial surety is in place;

(2) The licensee shall provide an alternative financial surety pursuant to section 30195.1 within 90 days following receipt by the Department of a notice of cancellation of the guarantee;

(3) The guarantee and financial test provisions shall remain in effect until the Department has terminated the license or until another financial surety acceptable to the Department has been put in effect by the licensee;

(4) The applicant or licensee shall provide to the Department a written guarantee (a written commitment by a corporate officer) which states that the licensee will fund and carry out the required decommissioning activities or, upon issuance of an order by the Department, the licensee will fund the standby trust or the Financial Surety Account within the Radiation Control Fund administered by the Department pursuant to Health and Safety Code Section 115092 in the amount of the current cost estimates for decommissioning;

(5) A standby trust or the Financial Surety Account within the Radiation Control Fund administered by the Department pursuant to Health and Safety Code Section 115092 must be established for decommissioning costs before the self-guarantee agreement is submitted. The trustee and trust must be acceptable to the Department. An acceptable trustee includes an appropriate State or Federal Government agency or an entity which has the authority to act as a trustee and whose trust operations are regulated and examined by a Federal or State agency. The Department will have the right to change the trustee. An acceptable trust shall meet the regulatory criteria established in this section that governs the issuance of the license for which the guarantor has accepted the obligation to pay for decommissioning costs;

(6) The guarantor must agree that if the guarantor admits in writing its inability to pay its debts generally, or makes a general assignment for the benefit of creditors, or any proceeding is instituted by or against the guarantor seeking to adjudicate it as bankrupt or insolvent, or seeking dissolution, liquidation, winding-up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts under any law relating to bankruptcy, insolvency, or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian, or other similar official for the guarantor or for any substantial part of its property, or the guarantor takes any action to authorize or effect any of the actions stated in this paragraph, then the Department may:

(7) The guarantor must notify the Department, in writing, immediately following the occurrence of any event listed in paragraph (6), and must include a description of the event, including major creditors, the amounts involved, and the actions taken to assure that the amount of funds guaranteed by the self-guarantee agreement for decommissioning will be transferred as soon as possible to the standby trust or to the Financial Surety Account within the Radiation Control Fund administered by the Department pursuant to Health and Safety Code Section 115092.