Document: NRC Regulatory Guide
Document ID: 5810150e-ee20-4cd1-b72f-6e918a603f73
Document Type: regulatory_guide
Title: Applications for Nuclear Power Plants (Rev. 1)
Source: NRC Regulatory Guide Division 1
Source URL: https://www.nrc.gov/docs/ML1523/ML15233A056.pdf
Revision Date: 2023-06
Chapter: 
Section ID: RG-1.206
CFR Part: 
CFR Title: 

Content:
satisfy the requirements for secondary financial protection, onsite financial protection, and payment of deferred premiums before the issuance of the COL license. A commonly used license condition to satisfy the requirements for secondary financial protection and 50.54(w) is: Before the scheduled date for initial fuel load, [insert applicant(s) name(s)] shall provide satisfactory documentary evidence to the Director of the Office of Nuclear Reactor Regulation, or designee, that it has obtained the appropriate amount of secondary financial protection required of licensees pursuant to 10 CFR Part 140.11(a)(4) and the appropriate amount of financial protection required of 10 CFR 50.54(w). b) As required by 10 CFR Part 140.11(a)(4), each licensee must have and maintain financial protection in an amount equal to the sum of primary financial protection ($450,000,000) and the amount available as secondary financial protection. Additionally, the requirement to obtain onsite financial protection is provided in 10 CFR 50.54(w). Finally, as required by 10 CFR 140.21, applicants must use one of the forms of guarantees of payment of deferred premiums provided in the regulation to demonstrate that they maintain the financial capacity to pay into the industry retrospective rating plan required for secondary financial protection. These requirements are only required for reactors once the 10 CFR 52.103(g) finding is made. An applicant may propose license conditions to satisfy the requirements for primary and secondary financial protection, onsite financial protection, and payment of deferred premiums before the issuance of the COL license. A commonly used license condition to satisfy the requirements for 10 CFR 140.11(a)(4) and 50.54(w) is: Before the scheduled date for initial fuel load, and within ninety (90) days after the NRC published the notice of intended operation in the Federal Register, [insert applicant(s) name(s)] shall provide satisfactory documentary evidence to the