ML20197H295

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Notation Vote Approving with comment,SECY-98-153 Re Update of Issues Related to Nuclear Power Reactor Financial Qualifications in Response to Restructuring of Electric Utility Industry
ML20197H295
Person / Time
Issue date: 11/16/1998
From: Diaz N
NRC COMMISSION (OCM)
To: Hoyle J
NRC OFFICE OF THE SECRETARY (SECY)
Shared Package
ML20197H278 List:
References
SECY-98-153-C, NUDOCS 9812140042
Download: ML20197H295 (2)


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>U NOTATION VOTE j

RESPONSE SHEET

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TO:

John C. Hoyle, Secretary FROM:

COMMISSIONER DIAZ i

SUBJECT:

SECY-98-153 - UPDATE OF ISSUES RELATED TO NUCLEAR POWER REACTOR FINANCIAL QUALIFICATIONS IN RESPONSE TO RESTRUCTURING OF THE ELECTRIC UTILITY INDUSTRY j

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with omments Approved XX approved Abstain

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Not Participating COMMENTS:

j See attached comments SIGNATUREj

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DATE Entered on "AS" Yes No 9812140042 981209 DE h pop ORRE

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COMMISSIONER DIAZ'S COMMENTS ON SECY-98-153

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I approve issuance of the Standard Review Plan on Power Reactor Licensee Financial Qualifications and Decommissioning Funding Assurance. I note that the Nuclear Energy i

institute submitted comments on this paper on October 9,1998, and suggested definitions of i

Established Entity and Newly-Formed Entity for inclusion in the Standard Review Plan. These appear to be reasonable and staff should consider their use in the Standard Review Plan to the i

extent that they clarify the NRC position. To the extent that the definitions raise policy issues, staff should advise the Commission.

1 I do not believe that there is a compelling case for rulemaking at this time that would impose l

additional financial reporting requirements. As staff notes, the existing framework allows the i

NRC to request a licensee "to submit additional or more detailed information respecting its financial arrangements and status of funds if the Commission considers this information

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appropriate."

i I disagree with the Chairman's proposal that the staff also consider the possibility of developing ll indicators of responsible financial management as a means, in part, of ensuring operational safety. In my view, this could lead to unnecessary involvement of the Commission in aspects of ourlicensees' management of their facilities and operations.l

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