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 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. • External Sinking Fund—A fund established and maintained by setting funds aside periodically, in an account segregated from licensee assets and outside the administrative control of the licensee and its subsidiaries or affiliates, in which the total amount of funds would be sufficient to pay decommissioning costs at the time permanent termination of operations is expected. An external sinking fund 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. • Guarantee Method—Can be in the form of surety bonds, letters of credit, or insurance. Parent company guarantees may be used when a financial test specified in Appendix A, “Criteria Relating to Use of Financial Tests and Parent Company Guarantees for Providing Reasonable Assurance of Funds for Decommissioning,” to 10 CFR Part 30, “Rules of General Applicability to Domestic Licensing of Byproduct Material,” is used. • Statement of Intent—A Statement of Intent by a government agency, if applicable, indicating that funds for decommissioning will be obtained when necessary. • Contractual Obligations—Obligations on the part of a licensee’s customers, the total amount of which, over the duration of the contracts, will provide the licensee’s total share of uncollected funds to be needed for decommissioning pursuant to 10 CFR 50.75(c) and (f), or 10 CFR 50.82, or 10 CFR 52.110. • Other Mechanisms—Refers to any other mechanism, or combination of mechanisms, that provide assurance of decommissioning funding equivalent to that provided by the mechanisms listed above. Consideration of International Standards The International Atomic Energy Agency (IAEA) works with member states and other partners to