Document: NRC Regulatory Guide
Document ID: 5810150e-ee20-4cd1-b72f-6e918a603f73
Document Type: regulatory_guide
Title: Applications for Nuclear Power Plants (Rev. 1)
Source: NRC Regulatory Guide Division 1
Source URL: https://www.nrc.gov/docs/ML1523/ML15233A056.pdf
Revision Date: 2023-06
Chapter: 
Section ID: RG-1.206
CFR Part: 
CFR Title: 

Content:
load, and within ninety (90) days after the NRC published the notice of intended operation in the Federal Register, [insert applicant(s) name(s)] shall provide satisfactory documentary evidence to the Director of the Office of Nuclear Reactor Regulation, or the Director’s designee, that it has obtained the appropriate amount of financial protection required of licensees pursuant to 10 CFR Part 140 and 10 CFR 50.54(w). A commonly used license condition to satisfy the requirements for 10 CFR 140.21 (for both reactor additions and greenfield reactors) is provided: Before the scheduled date of initial fuel load, and within ninety (90) days after the NRC publishes the notice of intended operation in the Federal Register, [insert applicant(s) name(s)] shall provide evidence to the Director of the Office of Nuclear Reactor Regulation, or the Director’s designee that it would have the ability to pay into the nuclear industry retrospective rating plan in the event of a nuclear incident and in the amount specified in 10 CFR Part 140.11(a)(4) for one calendar year using one of the following methods: DG-1325, Page-120 (a) Surety bond, (b) Letter of credit, (c) Revolving credit/term loan arrangement, (d) Maintenance of escrow deposits of government securities, or (e) Annual certified financial statement showing either that a cash flow (i.e., cash available to a company after all operating expenses, taxes, interest charges, and dividends have been paid) can be generated and would be available for payment of retrospective premiums within three (3) months after submission of the statement, or a cash reserve or a combination of cash flow and cash reserve. Thereafter, [insert applicant(s) name(s)] shall provide evidence of the guarantees of payment of deferred premiums in accordance with the timing provisions specified in 10 CFR 140.21. Commission Activities for a Part 52 Operating License (With Reactor Units Already On Site) As required by 10 CFR Part 140.20 and 10 CFR 140.22,