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1
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Alternative I
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The owner and operator must meet each of the following criteria:
- Net working capital equals six times current closure, post-closure, plugging, and abandonment cost estimates;
- Tangible net work is greater than $10 million;
- Ninety percent of total assets are located in the United States, or at least six times the current closure, post-closure, plugging, and abandonment cost estimates;
- Owners and operators must satisfy two of the following three ratios:
- Liabilities to net worth ratio less than 2;
- Current assets to current liabilities ratio greater than 1.5;
- Net income (plus depreciation, depletion, and amortization) to liabilities ratio greater than 0.1;
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2
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Alternative II |
The owner and operator must meet each of the following criteria:
- Tangible net worth at least six times current closure, post-closure, plugging, and abandonment cost estimates;
- Tangible net worth is greater than $10 million;
- Ninety percent of total assets are located in the United States, or at least six times the current closure, post-closure, plugging, and abandonment cost estimates;
- The current bond rating for the most recent bond issuance is AAA, AA, A, or BBB as issued by Standard & Poor's, or Aaa, Aa, A, or Baa as issued by Moody's.
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