Financial Assurance Requirements for Decommissioning Nuclear Power Reactors

OGC-99-4: Published: Oct 9, 1998. Publicly Released: Oct 9, 1998.


Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a legislative requirement, GAO reviewed the Nuclear Regulatory Commission's (NRC) new rule on financial assurance requirements for decommissioning nuclear power reactors. GAO noted that: (1) the amendments to NRC's requirements for the financial decommissioning of nuclear power plants respond to the potential rate deregulation in the power generating industry and allow a broader range of assurance mechanisms for reactor licensees who lose their ability to recover decommissioning costs through regulated rates and fees or other mandatory charges; (2) the amendments also: (a) define federal licensee and add several associated definitions; (b) add new reporting requirements pertaining to the use of prepayment and external sinking funds; (c) impose new reporting requirements for power reactor licensees on the status of decommissioning funding; and (d) permit power reactor licensees to take credit for certain earnings on decommissioning trust funds; and (3) NRC complied with applicable requirements in promulgating the rule.

Sep 8, 2017

Sep 5, 2017

May 26, 2017

May 25, 2017

May 24, 2017

May 17, 2017

May 3, 2017

May 1, 2017

Apr 26, 2017

Apr 11, 2017

Looking for more? Browse all our products here