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:
within the methods being used. Decommissioning funding plans may be submitted either jointly or separately by co- licensees. However, each licensee should ensure the accuracy of its share of the total NRC- required amount being certified plus periodic adjustments. DG-1348 Revision 1, Page 15 2.1.2 The applicant or licensee should indicate that the method used provides, or will provide, at the projected cessation of operations, an amount at least equal to the estimated or certified decommissioning cost for the facility, when earnings are taken into account, as permitted by 10 CFR 50.75(e)(1)(i) and (ii). If a licensee uses a combination of different methods for assuring decommissioning funds, the combined total of the methods being used should equal the certification amount, plus adjustments projected to be needed. At its discretion, a licensee may use an assurance method to provide funds for the adjusted certification amount plus non-NRC- required decommissioning costs, as long as each portion can be identified. 2.1.3 The applicant or licensee should provide evidence that the parties signing the financial instrument (for the applicant or licensee) are authorized to represent the organization in the transaction. 2.1.4 The applicant or licensee should provide evidence that the financial instrument is either a confirmed copy or a photocopy of the original instrument. 2.1.5 A licensee is required by 10 CFR 50.75(b)(1) to provide assurance that at any time during the life of the facility, through termination of the license, adequate funds will be available to complete decommissioning (see 61 FR 39278). Pursuant to 10 CFR 50.75(b)(2), the minimum amount of financial assurance required for decommissioning must be adjusted annually, using a rate at least equal to that stated in 10 CFR 50.75(c)(2). The licensee should calculate the amount of the adjustment as of December 31 of each year. If the amount of financial assurance provided by the licensee does not equal or exceed