Document: 10 CFR Part 50
Document ID: cafafdd2-a621-4cd2-a984-3e04c1025eaf
Document Type: cfr
Title: Reporting and recordkeeping for decommissioning planning.
Source: 10 CFR Part 50
Source URL: https://www.ecfr.gov/current/title-10/part-50/section-50.75
Revision Date: 
Chapter: 
Section ID: 50.75
CFR Part: 50
CFR Title: 10

Content:
to be used where L and E are escalation factors for labor and energy, respectively, and are to be taken from regional data of U.S. Department of Labor Bureau of Labor Statistics and B is an escalation factor for waste burial and is to be taken from NRC report NUREG-1307, “Report on Waste Burial Charges.” ( d ) ( 1 ) Each applicant for or holder of an operating license for a non-power production or utilization facility shall submit a decommissioning report as required by § 50.33(k) of this part . ( 2 ) The report must: ( i ) Contain a cost estimate for decommissioning the facility; ( ii ) Indicate which method or methods described in paragraph (e) of this section as acceptable to the NRC will be used to provide funds for decommissioning; and ( iii ) Provide a description of the means of adjusting the cost estimate and associated funding level periodically over the life of the facility. ( e ) ( 1 ) Financial assurance is to be provided by the following methods. ( i ) Prepayment. Prepayment is the deposit made preceding the start of operation or the transfer of a license under § 50.80 into an account segregated from licensee assets and outside the administrative control of the licensee and its subsidiaries or affiliates of cash or liquid assets such that the amount of funds would be sufficient to pay decommissioning costs at the time permanent termination of operations is expected. Prepayment may be in the form of a trust, escrow account, or Government fund with payment by, certificate of deposit, deposit of government or other securities or other method acceptable to the NRC. This trust, escrow account, Government fund, or other type of agreement shall be established in writing and maintained at all times in the United States with an entity that is an appropriate State or Federal government agency, or an entity whose operations in which the prepayment deposit is managed are regulated and examined by a Federal or State agency. A licensee that has prepaid funds