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:
RC rulemaking action that established the requirements (“General Requirements for Decommissioning Nuclear Facilities” (53 FR 24018, dated June 27, 1988; 61 FR 39301, dated July 29, 1996; and 62 FR 39091, dated July 21, 1997)), the actions that amended the DG-1348 Revision 1, Page 9 requirements (“Financial Assurance Requirements for Decommissioning Nuclear Power Reactors” (63 FR 50465, dated September 22, 1998) and “Decommissioning Trust Provisions” (67 FR 78332, dated December 24, 2002)), and in NUREG-0586, Supplement 1, “Generic Environmental Impact Statement on Decommissioning of Nuclear Facilities,” issued November 2002. These documents present a rationale for the acceptability of methods for providing financial assurance. The supplementary information accompanying the final decommissioning rule indicates that, although some methods for providing funding assurance now may not be available, they would be allowed in the event that they become available. This guide addresses the more feasible alternatives in greater detail. Licensees are, of course, free to use any acceptable method as it becomes available. According to 10 CFR 50.75(e)(1), the following methods are acceptable for facilities to provide financial assurance (see the glossary of these terms in Appendix A of this RG): • Prepayment—The deposit preceding the start of operation, or the transfer of a license pursuant to 10 CFR 50.80, “Transfer of licenses,” or 10 CFR 52.105, “Transfer of combined license,” into an account segregated from licensee assets and outside the administrative control of the licensee and its subsidiaries or affiliates of cash or liquid assets, such that the amount of funds would be sufficient to pay decommissioning costs at the time permanent termination of operations is expected. Prepayment may be in the form of a trust, escrow account, government fund, certificate of deposit, deposit of government securities, or other payment acceptable to the NRC. •