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:
licensee decides to change the funding method during the life of the facility or during the storage period, the licensee should notify the Document Control Desk as specified in 10 CFR 50.4, “Written communications,” or 10 CFR 52.3, “Written communications,” as appropriate, of this change at least 30 working days in advance of its effective date. Significant modifications to a funding method should also be submitted to the Document Control Desk as specified in 10 CFR 50.4 or 10 CFR 52.3, as appropriate, at least 30 working days prior to the proposed effective date of the amendment, providing the text of the amendment and a statement of the reason for the amendment. 2.1.6.2 If ownership or operating responsibility for a facility is transferred, the existing financial assurance method is to be maintained until such transfer is approved by the NRC pursuant to 10 CFR 50.80 or 10 CFR 52.105, and the transfer has been effected. (Sale-leaseback agreements do not require new or amended financial assurance mechanisms unless so provided by such agreements.) 2.1.6.3 An acceptable assurance method is to be maintained until the 10 CFR Part 50 or 10 CFR Part 52 license is terminated. 2.1.7 A licensee may use a single account to commingle its NRC-required radiological decommissioning funds with its non-radiological decommissioning funds (e.g., site restoration), as long as the licensee is able to identify and provide an accounting for the NRC-required radiological decommissioning funds that are contained within its single account. 2.2 Prepayment and External Sinking Fund These funding methods should have the following characteristics: 2.2.1 An applicant or licensee using an escrow account, a certificate of deposit, or a trust agreement to satisfy 10 CFR 50.75(c) may use the examples of these methods in Appendices A-1, A-2, and A-3 of this guide. These sample forms have been provided for general guidance. Specific provisions may not be applicable to particular licensees and