ML19322A692

Summary of 10-30-2019 Public Meeting

ML19322A692
Person / Time
Issue date:	10/30/2019
From:	Office of Nuclear Material Safety and Safeguards
To:
Trussell G
Shared Package
ML19276F011	List: ML19276F107 ML19298B445 ML19319B676 ML19319B677 ML19322A692
References
Download: ML19322A692 (3)

Text

U.S. Nuclear Regulatory Commission Public Meeting Summary October 30, 2019

Title:

Public Meeting to Discuss the Alternatives to the Use of Credit Ratings Rulemaking Meeting Identifier: 20191104 Date: October 30, 2019 Location: U.S. Nuclear Regulatory Commission Two White Flint North, TWFN-6-D-02 11555 Rockville Pike Rockville, MD 20852 Category: Category 3 Purpose of the Meeting: To provide an opportunity for the NRC and external stakeholders to exchange information on the impact of the Alternatives to Credit Ratings proposed rule.

General Details: The meeting was attended by 14 NRC staff and 12 members of the public.

Summary of NRC Presentation: The NRC staff presented an analysis of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) and its impact on the NRC regulations. The staff also discussed the alternatives for implementing the requirements of the Dodd-Frank Act, the staffs recommendation for a proposed rulemaking, and the rulemaking timeline for the proposed rule.

Summary of Public Feedback: Participants, including representatives from the Nuclear Energy Institute, the law firm Morgan, Lewis & Bockius, Florida Power and Light Company, and Exelon, provided remarks on the industrys views on the proposed rule. The consensus of the views shared by meeting participants is that a proposed rule which relies on existing financial tests would have a substantial financial impact on the industry. In addition, participants recommended the NRC examine what approaches other agencies have taken to implement the Dodd-Frank Act requirements and use this information to help identify new financial tests for providing financial assurance of decommissioning funds that do not expose the industry to excessive financial burden.

Action Items/Next Steps:

The staff will consider, to the extent possible, public feedback received to inform the development of the proposed rule and associated guidance.

Additional Information:

• Meeting notice and agenda: Agencywide Documents Access and Management System (ADAMS) Accession No. ML19276F107

• NRC staff presentation: ADAMS Accession No. ML19298B445

• Public meeting transcripts: ADAMS Accession Nos. ML19319B676 and ML19319B677

Package ML19276F011; Notice ML19276F107; Summary ML19322A692; NRC Presentation ML19298B445; Meeting Transcripts ML19319B676 and ML19319B677 *concurrence via e-mail OFFICE NMSS/REFS/MRPB/PM NMSS/REFS/MRPB/RS NMSS/REFS/FAB/BC NMSS/REFS/MRPB/BC NAME GTrussell ALoveBlair FMiller JCai DATE 11/18/2019 11/19/2019 11/21/2019 11/19/2019

MEETING ATTENDANCE PUBLIC MEETING TO DISCUSS THE ALTERNATIVES TO THE USE OF CREDIT RATINGS RULEMAKING U.S. NUCLEAR REGULATORY COMMISSION TWO WHITE FLINT NORTH, TWFN-6-D-02 11555 ROCKVILLE PIKE ROCKVILLE, MD 20852 OCTOBER 30, 2019, 10:00 AM TO 12:00 PM Name Affiliation Jana Bergman Curtis Wright Angella Love Blair NMSS Richard Turtil NMSS Caroline Carusone NMSS Daniel Mussatti NMSS Craig Sly Dominion Energy Fred Gerloff Dominion Energy Jerry Bonanno NEI Mark Richter NEI Greg Trussell NMSS Mark Lintz NMSS Aaron Sanders NMSS Brian Harris OGC Kosmas Lois NMSS Tabalou Emil NMSS Fred Miller NMSS Nicole Fields NMSS June Cai NMSS John Matthews Morgan, Lewis & Bockius Steve Hamrick Florida Power Phil Lashley First Energy Jan Bourdart Nuclear Information Services Jeff Dunlap Exelon Susan Raimo Entergy Services Paul Bessette Morgan, Lewis & Bockius Rod McCullum NEI Enclosure