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:
used, as provided in 10 CFR 50.75(e)(1)(i) or (ii). If a licensee is using an assurance mechanism other than an external sinking fund, it should include adjustments to the assurance mechanisms (e.g., a surety bond or letter of credit) as part of the report to account for any escalation since the previous report. 2.7 License Termination Plan The regulation in 10 CFR 50.82(a)(9) requires that all power reactor licensees that commenced operation must submit an application for termination of license, which must be accompanied or preceded by a license termination plan. The license termination plan must include an updated site-specific estimate of remaining decommissioning costs and identification of sources of funds for license termination, spent fuel management, and ISFSI decommissioning, as applicable, as described in detail in RG 1.179, “Standard Format and Content of License Termination Plans for Nuclear Power Reactors” (Ref. 13), and NUREG-1700, “Standard Review Plan for Evaluating Nuclear Power Reactor License Termination Plans” (Ref. 14). The regulation in 10 CFR 50.82(b) requires that, for non-power production or utilization facilities and fuel reprocessing plants, a licensee that permanently ceases operations must make application for license termination within 2 years following permanent cessation of operations, and in no case later than 1 year prior to expiration of the operating license. Each application for termination of a license must be accompanied or preceded by a proposed decommissioning plan, which must include an updated cost estimate for the chosen alternative for decommissioning, comparison of that estimate with present funds set aside for decommissioning, and plan for assuring the availability of adequate funds for completion of decommissioning, as described in detail in NUREG-1537 and NUREG/CR-1756. 2 To the extent that power reactor licensees have received rate regulatory approval to use market-based rates for a significant portion of