ML20238F884

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Affirmation Vote Approving w/comments,SECY-98-164, Financial Assurance Requirements for Decommissioning Nuclear Power Reactors
ML20238F884
Person / Time
Issue date: 08/28/1998
From: Mcgaffigan E
NRC COMMISSION (OCM)
To: Hoyle J
NRC OFFICE OF THE SECRETARY (SECY)
Shared Package
ML20238F865 List:
References
SECY-98-164-C, NUDOCS 9809080044
Download: ML20238F884 (2)


Text

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A F F I R M A T I O N VOTE l

RESPONSE SHEET i

TO:

John C. Hoyle, Secretary FROM:

COMMISSIONER MCGAFFIGAN

SUBJECT:

SECY-98-164 - FINAL RULE ON FINANCIAL ASSURANCE REQUIREMENTS FOR DECOMMISSIONING NUCLEAR POWER REACTORS Approved.[

Disapproved Abstain Not Participating

- COMMENTS:

I approve for publication in the Federal Register the final rule on financial assurance requirements for decommissioning nuclear power reactors, with the attached edits and corrections to the Federal Register Notice.

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Commissioner McGaffiaan's Comments on SECY-98-164. " Final Rule on Financial Assurance Requirements for Decommissioning Nuclear Power Reactors 1.

FRN Page 46: Third line from the bottom of the page should be revised to read:

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" the projected end of operations,..."

2.

FRN Page 47: Last sentence of the last paragraph should be revised to read:

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  • NRC also is adopting commenter suggestions that the reporting frequency be J

increased for plants approaching the end of commercial operation and for plants where conditions have changed such that it will prematurely close within five years or has already preriaturely closed before the end of its licensed life, or for plants involved in merger /acquis:tions."

3.

FRN Page 76: The last sentence of 50.75(f)(1) should be revised to read:

" such that it will close within 5 years (before the end of its licensed life), or has already closed (before the end of its licensed life),..."

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.a UNITED STATES

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i NUCLEAR REGULATORY COMMISSION j

WASHINGTON, D.C. 20555-0001 a

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IN RESPONSE, PLEASE

  • o,,, j September 2, 1998 REFER TO: M980902B l

OFFICE OF THE SEC;1ETARY MEMORANDUM FOR:

L. Joseph Callan Executive Director for Operations John C. Hoyle, Secretary [

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SUBJECT:

STAFF REQUIREMENTS - AFFIRMATION SESSION,11:30 A.M., WEDNESDAY, SEPTEMBER 2,1998, COMMISSIONERS' CONFERENCE ROOM, ONE WHITE FLINT NORTH, i

ROCKVILLE, MARYLAND (OPEN TO PUBLIC ATTENDANCE) l

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SECY-98-164 - Final Rule on Financial Assurance Requirements for Decommissioning Nuclear Power Reactors The Commission approved a final rule amending 10 CFR Part 50 relating to financial assurance requirements for decommissioning of nuclear power plants. The rule is responsive to the anticipated rate deregulation of the power generating industry.

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Following incorporation of the attached changes, the Federal Reaister notice should be reviewed by the Rules Review and Directives Branch in the Office of Administration and forwarded to the Office of the Secretary for signature and publication.

(EDO)

(SECY Suspense:

9/11/98)

The staff should use the intervening period of time between the publication date of the rule and the effective date to determine whether licensees who are known to be lacking decommissioning funding assurance, under the new regulatory criteria, can demonstrate an

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equivalent level of financial qualifications through other mechanisms. Further, the staff should l

apprise itself of what actions such licensees intend either to take to bring themselves intog compliance or to obtain relief through established regulatory processes by the effective d the rule.

Attachment:

As stated l

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Chairman Jackson Commissioner Diaz Commissioner McGaffigan OGC CIO CFO OCA l

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Office Directors, Regions, ACRS, ACNW, ASLBP (via E-Mail)

PDR - Advance DCS - P1-17 I

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O-r Changes to the Federal Register Notice in SECY-98-164 1.

On page 46, third line from the bottom, replace ' project' with ' projected.'

2.

On page 47, the last sentence in the last paragraph should be revised to read:

"NRC also is adopting commenter suggestions that the reporting frequency be increased for plants approaching the end of commercial operation and for plants where conditions have changed such that it will prematurely close within five years or has already prematurely closed before the end of its licensed life, or for plants involved in merger / acquisitions."

On page 76, line 4, insert '(before the end of its licensed life)' after 'S years' and insert 3.

'(before the end of its licensed life)' after 'already closed.'

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