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:
y trust for use as required for DG-1348 Revision 1, Page 22 decommissioning. In addition to the instruments listed, applicants or licensees using parent company guarantees, certificates of deposit, or government securities should establish a standby trust. 2.4.2 An applicant or licensee establishing a standby trust is directed to the sample wording for the instrument contained in Appendix A-3.2. 2.4.3 Appropriate documentation regarding the standby trust should be maintained in the licensee’s records as indicated in Regulatory Position C.2.2.5. 2.5 Governmental Statement of Intent A government licensee or applicant, as designated in 10 CFR 50.75(e), can submit a statement of intent that contains a cost estimate for decommissioning and indicates that funds for decommissioning will be obtained when necessary. Federal licensees are the only government licensees allowed to use a statement of intent for power reactors. As defined in 10 CFR 50.2, “Federal licensee means any NRC licensee, the obligations of which are guaranteed by and supported by the full faith and credit of the United States Government.” Non-power production or utilization facility licensees using a statement of intent may be federal, state, or local government entities. The statement of intent should contain the following: (1) identification of the facility or facilities for which it provides the financial assurance and the corresponding decommissioning costs, (2) an indication that funds for decommissioning will be requested and obtained sufficiently in advance of decommissioning to prevent delay of required activities, and (3) evidence of the authority of the official of the government entity to sign the statement of intent and evidence that the licensee’s decommissioning obligation is supported by the full faith and credit of the U.S. Government, or as applicable, the state or local government. A signed copy of the statement of intent that funds will be obtained when necessary should be