Press Release-96-111, NRC Staff, General Atomics Sign Agreement on Cleanup Funding for Oklahoma Facility: Difference between revisions
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{{Adams | |||
| number = ML003705918 | |||
| issue date = 08/02/1996 | |||
| title = Press Release-96-111, NRC Staff, General Atomics Sign Agreement on Cleanup Funding for Oklahoma Facility | |||
| author name = | |||
| author affiliation = NRC/OPA | |||
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| addressee affiliation = | |||
| docket = | |||
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| document report number = Press Release-96-111 | |||
| document type = Press Release | |||
| page count = 2 | |||
| newsletter region = | |||
| newsletter year = 2096 | |||
| newsletter integer = 111 | |||
}} | |||
=Text= | |||
{{#Wiki_filter:UnitedStatesNuclearRegulatoryCommissionOfficeofPublicAffairsWashington,DC20555Phone301-415-8200Fax301-415-2234 Internet:opa@nrc.govNo.96-111FORIMMEDIATERELEASE(Friday,August2,1996)NRCSTAFF,GENERALATOMICSSIGNAGREEMENTONCLEANUPFUNDINGFOROKLAHOMAFACILITYTheNuclearRegulatoryCommissionstaffandGeneralAtomicsCorporationhaveaskedanNRCAtomicSafetyandLicensingBoard toapproveasettlementagreementrelatedtocleanupofthe closedSequoyahFuelsCorporationnuclearfuelfacilitynear Gore,Oklahoma.SequoyahFuelsCorporationisasubsidiaryofGeneral Atomics.InOctober1993,theNRCissuedanorderrequiringSequoyahFuelsCorporationandGeneralAtomics(GA)toprovidefundingfor thecleanupoftheGorefacility.SequoyahFuelsCorporationand GArequestedahearingbeforeanAtomicSafetyandLicensing Boardontheorder.TheCherokeeNationandNativeAmericansfor aCleanEnvironmentwereadmittedaspartiestothis administrativeproceeding.Thelattertwoorganizationshave untilAugust9tocommentonthesettlementagreementbeforethe boardapprovesordisapprovesit.Theboard'sdecisionis subjecttotheCommission'sreview.Undertheagreement,GAwillestablisha$9milliontrustfund,forthebenefitoftheNRC,providedthattheInternal RevenueServiceissuesanopinionthatthecontributionstothe trustaretax-deductiblebyGAwhenmadeandtaxableonlywhen distributedfromthetrust.IftheIRSdoesnotagree,GA's contributionstothetrustarecappedat$5.4million.GAhasuntilOctober8toestablishthetrustfund.Thefirstdepositof$600,000or$1,000,000(dependingonIRS actions)istobemadeonOctober18.Furtherfinancialand regulatorydetailsaresetoutintheagreement.AlthoughbothpartiesrecognizetheneedforapprovalbytheAtomicSafetyandLicensingBoard,andpossiblybytheCommission itself,theagreementbecameeffectiveuponexecutiononJuly10. | |||
Theagreementisrevocableiftheboard,theCommission,or anotherFederalagencyoracourtdisapprovesitoranysubstantivepartofit.InconsiderationofthetrustestablishedbyGA,theNRCstaffhasagreedtorescinditsOctober15,1993,orderagainst GA.The1993orderallegedthatGAandSequoyahFuels Corporation,whichGAacquiredin1988,werejointlyand severallyresponsibleforprovidingfundingtocontinue remediationofexistingnuclearcontaminationattheSequoyah Fuelssite.Itfurtherstatedthattheywereresponsiblefor providingfinancialassurancefordecommissioningasrequiredby NRCregulations,andforprovidingbothanupdatedanddetailed decommissioningcostestimateandaplanforensuringthe availabilityofadequatefundsfordecommissioning.TheSequoyahFuelsplantwasoperatedbySequoyahFuelsCorporationfrom1970to1993underanNRClicense.Itconverted uraniumoxide(yellowcake)touraniumhexafluoride,astepinthe productionofnuclearreactorfuel.Asecondprocess,begunin 1987,converteddepleteduraniumhexafluoridetouranium tetrafluoride.SequoyahFuelsformallynotifiedtheNRCin February1993thatitwishedtoterminateitslicense.The licensewillremainineffectuntilradiologicalcontaminationon thesitehasbeencleaneduptomeetNRCrequirements.Duetoextensivecontaminationofgroundwater,soilandstructuresatthesite,NRChasincludedtheGoresiteinthe agency'sSiteDecommissioningManagementPlan.Thesitereceives specialNRCattentionundertheplantoensuresafeandtimely decommissioning.NRCinitiateddevelopmentofanenvironmental impactstatementlastNovembertoconsideralternative decommissioningoptionsandthepotentialimpactsofthose options.FurtherinformationisavailablefromJimShepherd, NRC'sprojectmanagerfortheGoresite,at301/415-6712. | |||
#}} | |||
Revision as of 14:13, 14 July 2019
| ML003705918 | |
| Person / Time | |
|---|---|
| Issue date: | 08/02/1996 |
| From: | Office of Public Affairs |
| To: | |
| References | |
| Press Release-96-111 | |
| Download: ML003705918 (2) | |
Text
UnitedStatesNuclearRegulatoryCommissionOfficeofPublicAffairsWashington,DC20555Phone301-415-8200Fax301-415-2234 Internet:opa@nrc.govNo.96-111FORIMMEDIATERELEASE(Friday,August2,1996)NRCSTAFF,GENERALATOMICSSIGNAGREEMENTONCLEANUPFUNDINGFOROKLAHOMAFACILITYTheNuclearRegulatoryCommissionstaffandGeneralAtomicsCorporationhaveaskedanNRCAtomicSafetyandLicensingBoard toapproveasettlementagreementrelatedtocleanupofthe closedSequoyahFuelsCorporationnuclearfuelfacilitynear Gore,Oklahoma.SequoyahFuelsCorporationisasubsidiaryofGeneral Atomics.InOctober1993,theNRCissuedanorderrequiringSequoyahFuelsCorporationandGeneralAtomics(GA)toprovidefundingfor thecleanupoftheGorefacility.SequoyahFuelsCorporationand GArequestedahearingbeforeanAtomicSafetyandLicensing Boardontheorder.TheCherokeeNationandNativeAmericansfor aCleanEnvironmentwereadmittedaspartiestothis administrativeproceeding.Thelattertwoorganizationshave untilAugust9tocommentonthesettlementagreementbeforethe boardapprovesordisapprovesit.Theboard'sdecisionis subjecttotheCommission'sreview.Undertheagreement,GAwillestablisha$9milliontrustfund,forthebenefitoftheNRC,providedthattheInternal RevenueServiceissuesanopinionthatthecontributionstothe trustaretax-deductiblebyGAwhenmadeandtaxableonlywhen distributedfromthetrust.IftheIRSdoesnotagree,GA's contributionstothetrustarecappedat$5.4million.GAhasuntilOctober8toestablishthetrustfund.Thefirstdepositof$600,000or$1,000,000(dependingonIRS actions)istobemadeonOctober18.Furtherfinancialand regulatorydetailsaresetoutintheagreement.AlthoughbothpartiesrecognizetheneedforapprovalbytheAtomicSafetyandLicensingBoard,andpossiblybytheCommission itself,theagreementbecameeffectiveuponexecutiononJuly10.
Theagreementisrevocableiftheboard,theCommission,or anotherFederalagencyoracourtdisapprovesitoranysubstantivepartofit.InconsiderationofthetrustestablishedbyGA,theNRCstaffhasagreedtorescinditsOctober15,1993,orderagainst GA.The1993orderallegedthatGAandSequoyahFuels Corporation,whichGAacquiredin1988,werejointlyand severallyresponsibleforprovidingfundingtocontinue remediationofexistingnuclearcontaminationattheSequoyah Fuelssite.Itfurtherstatedthattheywereresponsiblefor providingfinancialassurancefordecommissioningasrequiredby NRCregulations,andforprovidingbothanupdatedanddetailed decommissioningcostestimateandaplanforensuringthe availabilityofadequatefundsfordecommissioning.TheSequoyahFuelsplantwasoperatedbySequoyahFuelsCorporationfrom1970to1993underanNRClicense.Itconverted uraniumoxide(yellowcake)touraniumhexafluoride,astepinthe productionofnuclearreactorfuel.Asecondprocess,begunin 1987,converteddepleteduraniumhexafluoridetouranium tetrafluoride.SequoyahFuelsformallynotifiedtheNRCin February1993thatitwishedtoterminateitslicense.The licensewillremainineffectuntilradiologicalcontaminationon thesitehasbeencleaneduptomeetNRCrequirements.Duetoextensivecontaminationofgroundwater,soilandstructuresatthesite,NRChasincludedtheGoresiteinthe agency'sSiteDecommissioningManagementPlan.Thesitereceives specialNRCattentionundertheplantoensuresafeandtimely decommissioning.NRCinitiateddevelopmentofanenvironmental impactstatementlastNovembertoconsideralternative decommissioningoptionsandthepotentialimpactsofthose options.FurtherinformationisavailablefromJimShepherd, NRC'sprojectmanagerfortheGoresite,at301/415-6712.