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:
ty and capacity to enter into this guarantee [if Guarantor is a corporation, add the following phrase “under its bylaws, articles of incorporation, and the laws of the State of [insert Guarantor’s State of incorporation], its State of incorporation”]. [If the Guarantor has a Board of Directors, insert the following: “Guarantor has approval from its Board of Directors to enter into this guarantee.”] (2) This guarantee is being issued so that [the licensee] will be in compliance with regulations issued by the U.S. Nuclear Regulatory Commission (NRC), an agency of the U.S. Government, pursuant to the Atomic Energy Act of 1954, as amended, and the Energy Reorganization Act of 1974. The NRC has promulgated regulations in Title 10 of the Code of Federal Regulations (10 CFR), Part 50, and 10 CFR Part 52, which require that a holder of, or an applicant for, a license issued pursuant to 10 CFR Part 50 provide assurance that funds will be available when needed for required decommissioning activities. (3) This guarantee is issued to provide financial assurance for decommissioning activities for [identify licensed facility(ies)] as required by 10 CFR Part 50 or 10 CFR Part 52, the decommissioning costs and guarantee amount for which are as follows: [insert amount of decommissioning cost guaranteed for each identified facility]. (4) The Guarantor meets or exceeds the following financial test criteria [insert statement indicating which financial test is being used] and agrees to notify [the licensee] and the NRC of any changes in its ability to meet the criteria, in compliance with the notification requirements as specified in 10 CFR Part 50 or 10 CFR Part 52. The Guarantor meets one of the following two financial tests: (a)(i) a current rating of its most recent bond issuance of AAA, AA, A, or BBB as issued by Standard and Poor’s, or Aaa, Aa, A, or Baa as rated by Moody’s; and (ii) tangible net worth is at least $10 million and at least 6 times the current