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:
s defined in 10 CFR 50.75(e)(ii)(A) or (B) (that is, where the total cost of decommissioning is provided through rates established by cost-of-service ratemaking or non-by- passable charges) may make a good-faith effort to obtain rate relief to cover its shortfall. A licensee meeting these criteria should inform its rate regulator by March 31 of each year when a shortfall in financial assurance has occurred as of December 31 of the preceding year. The information should include the NRC minimum financial assurance requirement, the actual amount of the licensee’s decommissioning financial assurance, and the amount of additional cost 1 The NRC uses the terms “qualified” and “nonqualified” as defined by the Internal Revenue Service in Section 468A of its Code. DG-1348 Revision 1, Page 16 recovery needed to meet the NRC amount. The licensee should request its rate regulator to consider scheduling a review of decommissioning cost recovery within a year. A copy of the information and request should be included in the licensee’s decommissioning fund status report in the years that the report is required. The licensee is expected to make adjustments to the amount of funds set aside as necessary to meet the minimum requirement of 10 CFR 50.75(c), but in every case, within 5 years. However, under the provisions of 10 CFR 50.75(e)(2), the NRC reserves the right to review, as needed, the rate of accumulation of decommissioning funds and, either independently or in cooperation with the FERC and the licensee’s state PUC, take additional actions as appropriate on a case-by-case basis, including modification of the licensee’s schedule for the accumulation of funds. 2.1.6 The licensee should maintain continuity in the funding method as follows: 2.1.6.1 If the licensee decides to change the funding method during the life of the facility or during the storage period, the licensee should notify the Document Control Desk as specified in 10 CFR 50.4, “Written