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:
operations are regulated or examined by a state or federal agency or, if a government fund is being used, the appropriate state or federal government agency. The word “national” in the title of a financial institution signals that the institution is federally regulated, as do the initials “N.A.,” or the words “National Association,” or “a national banking association.” The “examinations” department of the appropriate district office of the U.S. Office of the Comptroller of the Currency can provide information about whether the institution has trust powers. The word “State” in the title of a financial institution signals that the institution is State-regulated. The examinations department of the applicable state banking authority can provide information about whether the institution has trust powers. Domestic branches of foreign banks may be either federally regulated or state-regulated. 2.2.7 A trust agreement should include a clause in which the trustee accepts the responsibility of trusteeship. 2.2.8 Annual deposits in an external sinking fund, including projected earnings, should attempt to approximate the total amount remaining to be accumulated, divided by the remaining years of the license, as determined by the initial and updated certification amount specified in 10 CFR 50.75(c)(1) and (2) or in a site-specific decommissioning cost estimate. 2.2.8.1 During plant operation, arithmetic precision is not required for fund accumulation rates. If, during the course of collecting funds, a licensee has accumulated significantly greater decommissioning funds than anticipated, it may reduce its remaining contributions commensurately. Likewise, if a licensee is significantly behind in collections, increased contributions should be used to make up the deficit. However, licensees should avoid undue reliance on contributions weighted in constant dollars toward the end of projected facility operating life. Additionally, the NRC staff considers