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:
see’s administrative control, or a surety method or funding statement of intent should be maintained based on Regulatory Position C.2. DG-1348 Revision 1, Page 25 D. IMPLEMENTATION The NRC staff may use this regulatory guide as a reference in its regulatory processes, such as licensing, inspection, or enforcement. However, the NRC staff does not intend to use the guidance in this regulatory guide to support NRC staff actions in a manner that would constitute backfitting as that term is defined in 10 CFR 50.109, “Backfitting,” and 10 CFR 72.62, “Backfitting,” and as described in NRC Management Directive 8.4, “Management of Backfitting, Forward Fitting, Issue Finality, and Information Requests,” (Ref. 15), nor does the NRC staff intend to use the guidance to affect the issue finality of an approval under 10 CFR Part 52, “Licenses, Certifications, and Approvals for Nuclear Power Plants.” DG-1348 Revision 1, Page 26 GLOSSARY OF FINANCIAL TERMS certificate of deposit (CD)—A bank’s, or other financial institution’s, written acknowledgment of the receipt and deposit of a sum of money by the licensee or applicant and its promise of repayment. When using a CD to demonstrate financial assurance for decommissioning, the licensee deposits, with a bank or other financial institution, funds sufficient to cover the certification amount or site- specific cost of decommissioning the licensed facility and receives a CD. contractual obligations— Defined in 10 CFR 50.75(e)(1). decommissioning financial assurance—The system of regulation used by the NRC to ensure that funds are available when needed for decommissioning. The term also refers to the total amount of assurance provided using one or more of the methods specified in 10 CFR 50.75(e). A licensee is required to provide financial assurance at all times during the life of the facility, through termination of the license, that adequate funds will be available to complete decommissioning. escrow