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:
6 Actual earnings on existing funds may be used to calculate the need for future funds. However, pursuant to 10 CFR 50.75(f)(2)-(3), when a power reactor licensee is within 5 years or when a non-power production or utilization facility licensee is within 2 years of the projected end of operations and submits its preliminary site-specific decommissioning cost estimate, the licensee may take up to a 2-percent earnings credit (or a higher credit, if specifically presumed by a rate- setting authority) over a storage period, as long as the storage period and its cost implications for total decommissioning costs are specifically addressed in the preliminary site-specific decommissioning cost estimate. DG-1348 Revision 1, Page 21 2.2.8.7 Licensees who operate multiple modular reactors at a single site may take credit for earnings in such a manner that the assumptions for earnings credit track the cash flows for decommissioning expenses for each module. 2.3 Guarantee Methods Guarantee methods include surety bonds, letters of credit, and insurance. Acceptable guarantee methods should have the following characteristics: 2.3.1 An applicant or licensee that uses a surety bond, letter of credit, or parent guarantee may use the sample wording for these methods contained in Appendices A-4, A-5, and A-6, respectively. These sample forms have been provided for illustrative purposes. Specific provisions may not be applicable to particular licensees and may be modified as a licensee’s specific situation warrants. However, each licensee should be sure that the instrument being used conforms to applicable state law. 2.3.2 The following documents should be maintained in the licensee’s records and be available for inspection by the NRC: (1) for surety bonds, an originally signed duplicate or confirmed copy of the surety bond, signed by individuals authorized to act for the licensee and the surety company; (2) for letters of credit, an originally signed duplicate or confirmed copy of