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:
For value received from [licensees] (if the Guarantor is a corporation, add “and pursuant to the authority conferred upon the Guarantor by (“the unanimous resolution of its directors” or “the majority vote of its shareholders”), a certified copy of which is attached”), the Guarantor guarantees that if the licensee fails to perform the required decommissioning activities, as required by License No. [insert license number], caused by lack of funds, the Guarantor shall (a) provide all funds necessary, up to the amount of this guarantee [in 20__ dollars and as adjusted for inflation], to carry out the required activities, or (b) set up a trust fund in favor of [the licensee] in the amount of these current cost estimates or guarantee amount for these activities. (8) The Guarantor agrees to submit revised financial statements, financial test data, and a special auditor’s report and reconciling schedule to the NRC annually within 90 days of the close of the parent Guarantor’s fiscal year. (9) The Guarantor and the licensee agree that if the Guarantor fails to meet the financial test criteria at any time after this guarantee is established, the Guarantor and the licensee shall send, within 90 days of the end of the fiscal year in which the Guarantor fails to meet the financial test criteria, by certified mail, notice to the NRC. If [the licensee] fails to provide alternative financial assurance, as specified in 10 CFR Part 50 or 10 CFR Part 52, as applicable, and obtain written approval of such assurance from the NRC within 180 days of the end of such fiscal year, the Guarantor shall provide such alternative financial assurance in the name of [licensee] or make full payment under the guarantee to a standby trust established by [licensee]. (10) Independent of any 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