Document: NRC Regulatory Guide
Document ID: 8ebf2253-f3d2-4bcd-ac80-7cbf6ab8d420
Document Type: regulatory_guide
Title: Assuring the Availability of Funds for Decommissioning Nuclear Reactors + HISTORY –HISTORY 02/2022 – DG-1348 Revision 1, Proposed Revision 3 06/2018 – DG-1348 , Proposed Revision 3 11/2016 – Periodic Review of Revision 2 – Reviewed with no issues identified 01/2011 – DG-1229 , Proposed Revision 2 05/2001 – DG-1106 , Proposed Revision 1 05/1989 – DG-1003 , Proposed Revision 0 (Rev. 1)
Source: NRC Regulatory Guide Division 1
Source URL: https://www.nrc.gov/docs/ML2134/ML21347A081.pdf
Revision Date: 2023-05
Chapter: 
Section ID: RG-1.159
CFR Part: 
CFR Title: 

Content:
n’s (NRC’s) regulations. Although the specific language is not required by decommissioning regulations, except for certain provisions, applicants and licensees will find that its use will simplify the submittal process. Licensees may add, delete, or modify sample provisions as their circumstances warrant. However, licensees should ensure that the financial assurance instruments being used are valid under applicable state law and comply with the NRC’s decommissioning regulations in Title 10, Section 50.33 and Section 52.77, “Contents of Applications; General Information,” of the Code of Federal Regulations (10 CFR 50.33 and 10 CFR 52.77); 10 CFR 50.75, “Reporting and recordkeeping for decommissioning planning”; and 10 CFR 50.82 and 10 CFR 52.110, “Termination of license.” DG-1348 Revision 1, Appendix A, Page A-2 APPENDIX A-1 EXAMPLE OF ESCROW AGREEMENT ESCROW NUMBER ___________ Paragraph 1. Establishment of Escrow Account It is agreed between the parties that [insert name of licensee], licensee, has elected to establish an escrow account with [insert name, address, and position of escrow agent] to provide financial assurance for decommissioning of the facility(ies) in the amounts shown below: [For each facility for which financial assurance is provided by the escrow Agreement, list facility name, address, and license and/or docket number, corresponding estimated or certified decommissioning costs, and indicate amount of financial assurance provided by the escrow account.] Paragraph 2. Description of Property in Escrow Account It is hereby acknowledged by the parties that [list the assets that have been delivered to the escrow agent and indicate the value of each item] has (have) been delivered to escrow and will remain in the escrow account created by this Agreement until one of the two conditions stated in paragraph 3 of this Agreement has been satisfied. [Insert name of licensee] warrants to and agrees with [insert name of escrow agent] that,