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:
ssign is a DG-1348 Revision 1, Page 19 company that has acquired possessory rights to the licensee, the facility, or any other owner or operator of the facility. The trust agreement also must prohibit investments in a mutual fund in which at least 50 percent of the fund is invested in the securities of a licensee or parent company whose subsidiary is an owner or operator of a foreign or domestic nuclear power plant. 2.2.3.3 For nonelectric-utility licensees, indirect ownership of securities or other obligations of any owners or operators of nuclear power plants through investments in securities tied to market indices or through mutual funds in which less than 50 percent of the fund is invested in the securities of a licensee or parent company whose subsidiary is an owner or operator of a foreign or domestic nuclear power plant is allowed, provided that no more than 10 percent of the total value of the grantor’s trust assets may be indirectly invested in the securities of any entity owning or operating one or more nuclear power plants. 2.2.3.4 Investments selected with the approval of, or guidance from, the state PUC with jurisdiction over the licensee, or from the FERC, would be acceptable to the NRC staff. 2.2.4 The escrow account, certificate of deposit, or trust agreement must comply with applicable state law for such instruments. 2.2.5 The financial assurance instrument, signed by individuals authorized to act for the appropriate parties, should be maintained in the licensee’s records and be available for inspection until termination of the 10 CFR Part 50 or 10 CFR Part 52 license. If feasible, licensees should maintain records or duplicates onsite. 2.2.6 The trustee of a fund should be an entity that has the authority to act as a trustee and whose trust operations are regulated or examined by a state or federal agency or, if a government fund is being used, the appropriate state or federal government agency. The word “national” in the title of a