New Jersey Administrative Code › Title 14 - PUBLIC UTILITIES › Chapter 5A - NUCLEAR PLANT DECOMMISSIONING COST AND TRUST FUND REVIEW › Subchapter 1 - PURPOSE, SCOPE AND DEFINITIONS › Section 14:5A-1.2 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
The following words and terms, when used in this chapter,
				  shall have the following meanings unless the context clearly indicates
				  otherwise. Additional definitions that apply to this chapter can be found at
				  14:3-1.1.
"Board" means the New Jersey Board of Public Utilities or its
				  successor.
"Decommissioning" means to remove a facility safely from
				  service and reduce residual radioactivity to a level that permits release of
				  the property for unrestricted use and termination of NRC operating
				  license.
"DECON" means the method of decommissioning in which the
				  equipment, structures, and portions of a facility and site containing
				  radioactive contaminants are removed or decontaminated to a level that permits
				  the property to be released for unrestricted use after cessation of
				  operations.
"DEP" means the New Jersey Department of Environmental
				  Protection or its successor.
"DOH" means the New Jersey Department of Health or its
				  successor.
"DOTNJ" means the New Jersey Department of Transportation or
				  its successor.
"DOTUS" means the United States Department of Transportation
				  or its successor.
"Electric public utility" means all electric public utilities
				  as defined by
				  48:2-13, but does not mean
				  municipally owned electric public utilities.
"ENTOMB" means the method by which radioactive contaminants
				  are encased in a structurally long-lived material, such as concrete. The
				  entombed structure is appropriately maintained, and continued surveillance is
				  carried out until the radioactivity decays to a level permitting unrestricted
				  release of the property.
"Nonqualified fund" means a segregated fund established and
				  maintained in the United States pursuant to an arrangement that qualifies as a
				  trust under State Law and under
				  10 C.F.R.
				  50.75 for the purpose of providing funds for
				  nuclear decommissioning. A utility under Section 1.468A of the Internal Revenue
				  Code (IRC) of 1986, as amended, is allowed no deduction from its taxable income
				  for contributions to the nonqualified fund.
"NRC" means the United States Nuclear Regulatory Commission
				  or its successor.
"Qualified fund" means a segregated fund established and
				  maintained in the United States pursuant to an arrangement that qualifies as a
				  trust under State Law and under
				  10 C.F.R.
				  50.75 for the purpose of providing funds for
				  nuclear decommissioning in accordance with Section 1.468A of the Internal
				  Revenue Code (IRC) of 1986, as amended. A utility under Section 1.468A is
				  allowed to deduct from its taxable income, IRS-approved contributions to the
				  qualified fund subject to certain limitations.
"Rate Counsel" means the New Jersey Division of Rate Counsel
				  in the Department of the Public Advocate, or its successor agency.
"SAFSTOR" means the method by which the nuclear facility is
				  placed and maintained in a condition that allows the nuclear facility to be
				  safely stored and subsequently decontaminated (deferred decontamination) to
				  levels that permit release for unrestricted use.
"Significant changes" means:
1. Any increases or decreases in the total original cost
				  estimates greater than 2.5 percent or a change of $ 1,000,000 or more in any
				  single line item;
2. Addition of a cost category or deletion of a cost
				  category;
3. A new cost assumption, or elimination of an assumption
				  having a cost impact of $ 1,000,000 or more;
4. A change in the date for the cessation of commercial
				  operations at the nuclear generating station; or
5. A change in the choice of decommissioning options.