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:
ny notification under paragraph 8 above, if the NRC determines for any reason that the Guarantor no longer meets the financial test criteria or that it is disallowed from continuing as a Guarantor for the facility under License No. [insert license number], the Guarantor agrees that, within 90 days after being notified by the NRC of such determination, an DG-1348 Revision 1, Appendix A, Page A-33 alternative financial assurance mechanism, as specified in 10 CFR Part 50 or 10 CFR Part 52, as applicable, shall be established by the Guarantor in the name of [licensee] unless [licensee] has done so. (11) The Guarantor, as well as its successors and assigns, shall remain bound jointly and severally under this guarantee, notwithstanding any or all of the following: amendment or modification of license or NRC-approved decommissioning funding plan for that facility, the extension or reduction of the time of performance of required activities, or any other modification or alteration of an obligation of the licensee pursuant to 10 CFR Part 50 or 10 CFR Part 52. (12) The Guarantor agrees that it will be liable for all litigation costs incurred by [the licensee] or the NRC in any successful effort to enforce the agreement against the Guarantor. (13) The Guarantor agrees to remain bound under this guarantee for as long as [licensee] must comply with the applicable financial assurance requirements of 10 CFR Part 50 or 10 CFR Part 52, for the previously listed facility(ies), except that the Guarantor may cancel this guarantee by sending notice by certified mail to the NRC and to [licensee], such cancellation to become effective no earlier than 120 days after receipt of such notice by both the NRC and [licensee], as evidenced by the return receipts. If the licensee fails to provide alternative financial assurance as specified in 10 CFR Part 50 or 10 CFR Part 52, as applicable, and to obtain written approval of such assurance within 120 days after the sending of the above notice by