10 CFR 50 Appendix C, Appendix C to Part 50-A Guide for the Financial Data and Related Information Required to Establish Financial Qualifications for Construction Permits and Combined Licenses

Appendix C to Part 50-A Guide for the Financial Data and Related Information Required To Establish Financial Qualifications for Construction Permits and Combined Licenses General Information
This appendix is intended to appraise applicants for construction permits and combined licenses for production or utilization facilities of the types described in § 50.21(b) or § 50.22, or testing facilities, of the general kinds of financial data and other related information that will demonstrate the financial qualification of the applicant to carry out the activities for which the permit or license is sought. The kind and depth of information described in this guide is not intended to be a rigid and absolute requirement. In some instances, additional pertinent material may be needed. In any case, the applicant should include information other than that specified, if the information is pertinent to establishing the applicant’s financial ability to carry out the activities for which the permit or license is sought.
It is important to observe also that both § 50.33(f) and this appendix distinguish between applicants which are established organizations and those which are newly-formed entities organized primarily for the purpose of engaging in the activity for which the permit is sought. Those in the former category will normally have a history of operating experience and be able to submit financial statements reflecting the financial results of past operations. With respect, however, to the applicant which is a newly formed company established primarily for the purpose of carrying out the licensed activity, with little or no prior operating history, somewhat more detailed data and supporting documentation will generally be necessary. For this reason, the appendix describes separately the scope of information to be included in applications by each of these two classes of applicants.
In determining an applicant's financial qualification, the Commission will require the minimum amount of information necessary for that purpose. No special forms are prescribed for submitting the information. In many cases, the financial information usually contained in current annual financial reports, including summary data of prior years, will be sufficient for the Commission's needs. The Commission reserves the right, however, to require additional financial information at the construction permit stage, particularly in cases in which the proposed power generating facility will be commonly owned by two or more existing companies or in which financing depends upon long-term arrangements for sharing of the power from the facility by two or more electrical generating companies.
Applicants are encouraged to consult with the Commission with respect to any questions they may have relating to the requirements of the Commission's regulations or the information set forth in this appendix.
I. Applicants Which Are Established Organizations
A. Applications for Construction Permits or Combined Licenses
1. Estimate of construction costs. For electric utilities, each applicant's estimate of the total cost of the proposed facility should be broken down as follows and be accompanied by a statement describing the bases from which the estimate is derived:
If the fuel is to be acquired by lease or other arrangement than purchase, the application should so state. The items to be included in these categories should be the same as those defined in the applicable electric plant and nuclear fuel inventory accounts prescribed by the Federal Energy Regulatory Commission or an explanation given as to any departure therefrom.
Since the composition of construction cost estimates for production and utilization facilities other than nuclear power reactors will vary according to the type of facility, no particular format is suggested for submitting such estimates. The estimate should, however, be itemized by categories of cost in sufficient detail to permit an evaluation of its reasonableness.
2. Source of construction funds. The application should include a brief statement of the applicant's general financial plan for financing the cost of the facility, identifying the source or sources upon which the applicant relies for the necessary construction funds, e.g., internal sources such as undistributed earnings and depreciation accruals, or external sources such as borrowings.
3. Applicant's financial statements. The application should also include the applicant's latest published annual financial report, together with any current interim financial statements that are pertinent. If an annual financial report is not published, the balance sheet and operating statement covering the latest complete accounting year together with all pertinent notes thereto and certification by a public accountant should be furnished.
II. Applicants Which Are Newly Formed Entities
A. Applications for Construction Permits or Combined Licenses
1. Estimate of construction costs. The information that will normally be required of applicants which are newly formed entities will not differ in scope from that required of established organizations. Accordingly, applicants should submit estimates as described above for established organizations.
2. Source of construction funds. The application should specifically identify the source or sources upon which the applicant relies for the funds necessary to pay the cost of constructing the facility, and the amount to be obtained from each. With respect to each source, the application should describe in detail the applicant's legal and financial relationships with its stockholders, corporate affiliates, or others (such as financial institutions) upon which the applicant is relying for financial assistance. If the sources of funds relied upon include parent companies or other corporate affiliates, information to support the financial capability of each such company or affiliate to meet its commitments to the applicant should be set forth in the application. This information should be of the same kind and scope as would be required if the parent companies or affiliates were in fact the applicant. Ordinarily, it will be necessary that copies of agreements or contracts among the companies be submitted.
As noted earlier in this appendix, an applicant which is a newly formed entity will normally not be in a position to submit the usual types of balance sheets and income statements reflecting the results of prior operations. The applicant should, however, include in its application a statement of its assets, liabilities, and capital structure as of the date of the application.
III. Annual Financial Statement
Each holder of a construction permit for a production or utilization facility of a type described in § 50.21(b) or § 50.22 or a testing facility, and each holder of a combined license issued under part 52 of this chapter, is required by § 50.71(b) to file its annual financial report with the Commission at the time of issuance. This requirement does not apply to licensees or holders of construction permits for medical and research reactors.
IV. Additional Information
The Commission may, from time to time, request the applicant, whether an established organization or newly formed entity, to submit additional or more detailed information respecting its financial arrangements and status of funds if such information is deemed necessary to enable the Commiasion to determine an applicant's financial qualifications for the license.

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, as amended at 50 FR 18853, May 3, 1985; 72 FR 49506, Aug. 28, 2007]

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v t e Code of Federal Regulations
Title 10 Part 50 - DOMESTIC LICENSING OF PRODUCTION AND UTILIZATION FACILITIES
10 CFR: 1 2 4 5 7 9 10 11 12 13 14 15 16 19 20 21 25 26 30 31 32 33 34 35 36 37 39 40 50 51 52 54 55 60 61 62 63 70 71 72 73 74 75 76 81 95 100 140 150 160 170 171
1, General Provisions, Basis, purpose, and procedures applicable 2, Definitions 3, Interpretations 4, Written communications 5, Deliberate misconduct 7, Employee protection 8, Information collection requirements: OMB approval 9, Completeness and accuracy of information 10, Requirement of License, Exceptions, License required; limited work authorization 11, Exceptions and exemptions from licensing requirements 12, Specific exemptions 13, Attacks and destructive acts by enemies of the United States; and defense activities 20, Classification and Description of Licenses, Two classes of licenses 21, Class 104 licenses; for medical therapy and research and development facilities 22, Class 103 licenses; for commercial and industrial facilities 23, Construction permits 30, Applications for Licenses, Certifications, and Regulatory Approvals; Form; Contents; Ineligibility of Certain Applicants, Filing of application for licenses; oath or affirmation 31, Combining applications 32, Elimination of repetition 33, Contents of applications; general information 34, Contents of applications; technical information 36, Technical specifications 37, Agreement limiting access to Classified Information 38, Ineligibility of certain applicants 39, Public inspection of applications 40, Standards for Licenses, Certifications, and Regulatory Approvals, Common standards 41, Additional standards for class 104 licenses 42, Additional standard for class 103 licenses 43, Additional standards and provisions affecting class 103 licenses and certifications for commercial power 44, Combustible gas control for nuclear power reactors 45, Standards for construction permits, operating licenses, and combined licenses 46, Acceptance criteria for emergency core cooling systems for light-water nuclear power reactors 47, Emergency plans 48, Fire protection 49, Environmental qualification of electric equipment important to safety for nuclear power plants 50, Issuance, Limitations, and Conditions of Licenses and Construction Permits, Issuance of licenses and construction permits 51, Continuation of license 52, Combining licenses 53, Jurisdictional limitations 54, Conditions of licenses 55, Conditions of construction permits, early site permits, combined licenses, and manufacturing licenses 56, Conversion of construction permit to license; or amendment of license 57, Issuance of operating license 58, Hearings and report of the Advisory Committee on Reactor Safeguards 59, Changes, tests and experiments 60, Acceptance criteria for fracture prevention measures for lightwater nuclear power reactors for normal operation 61, Fracture toughness requirements for protection against pressurized thermal shock events 62, Requirements for reduction of risk from anticipated transients without scram (ATWS) events for light-water-cooled nuclear power plants 63, Loss of all alternating current power 64, Limitations on the use of highly enriched uranium (HEU) in domestic non-power reactors 65, Requirements for monitoring the effectiveness of maintenance at nuclear power plants 66, Requirements for thermal annealing of the reactor pressure vessel 67, Accident source term 68, Criticality accident requirements 69, Inspections, Records, Reports, Notifications, Risk-informed categorization and treatment of structures, systems and components for nuclear power reactors 70, Inspections 71, Maintenance of records, making of reports 72, Immediate notification requirements for operating nuclear power reactors 73, Licensee event report system 74, Notification of change in operator or senior operator status 75, Reporting and recordkeeping for decommissioning planning 76, . Licensee's change of status; financial qualifications 78, US/IAEA Safeguards Agreement, Facility information and verification 80, Transfers of Licenses--Creditors' Rights--Surrender of Licenses, Transfer of licenses 81, Creditor regulations 82, Termination of license 83, Release of part of a power reactor facility or site for unrestricted use 90, Amendment of License or Construction Permit at Request of Holder, Application for amendment of license, construction permit, or early site permit 91, Notice for public comment; State consultation 92, Issuance of amendment 100, Revocation, Suspension, Modification, Amendment of Licenses and Construction Permits, Emergency Operations by the Commission, Revocation, suspension, modification of licenses, permits, and approvals for cause 101, Retaking possession of special nuclear material 102, Commission order for operation after revocation 103, Suspension and operation in war or national emergency 109, Backfitting 110, Enforcement, Violations 111, Criminal penalties 120, Additional Standards for Licenses, Certifications, and Regulatory Approvals, Training and qualification of nuclear power plant personnel 150, Aircraft impact assessment Appendices: 10 CFR 50 Appendix A, Appendix a to Part 50-General Design Criteria for Nuclear Power Plants 10 CFR 50 Appendix B, Quality Assurance Criteria for Nuclear Power Plants and Fuel Reprocessing Plants 10 CFR 50 Appendix C, Appendix C to Part 50-A Guide for the Financial Data and Related Information Required to Establish Financial Qualifications for Construction Permits and Combined Licenses 10 CFR 50 Appendix D, Appendix D to Part 50--Reserved 10 CFR 50 Appendix E, Appendix E to Part 50-Emergency Planning and Preparedness for Production and Utilization Facilities 10 CFR 50 Appendix F, Appendix F to Part 50--Policy Relating to the Siting of Fuel Reprocessing Plants and Related Waste Management Facilities 10 CFR 50 Appendix G, Appendix G to Part 50-Fracture Toughness Requirements 10 CFR 50 Appendix H, Appendix H to Part 50-Reactor Vessel Material Surveillance Program Requirements 10 CFR 50 Appendix I, Appendix I to Part 50-Numerical Guides for Design Objectives and Limiting Conditions for Operation to Meet the Criterion "As Low As Is Reasonably Achievable" for Radioactive Material In Light-Water-Cooled Nuclear Power Reactor E 10 CFR 50 Appendix J, Appendix J to Part 50-Primary Reactor Containment Leakage Testing for Water-Cooled Power Reactors 10 CFR 50 Appendix K, Appendix K to Part 50-Eccs Evaluation Models 10 CFR 50 Appendix L, Appendix L to Part 50--Reserved 10 CFR 50 Appendix M, Appendix M to Part 50--Reserved 10 CFR 50 Appendix N, Appendix N to Part 50-Standardization of Nuclear Power Plant Designs: Permits to Construct and Licenses to Operate Nuclear Power Reactors of Identical Design At Multiple Sites 10 CFR 50 Appendix O, Appendix O to Part 50-Reserved 10 CFR 50 Appendix P, Appendix P to Part 50--Reserved 10 CFR 50 Appendix Q, Appendix Q to Part 50--Pre-Application Early Review of Site Suitability Issues 10 CFR 50 Appendix R, Appendix R to Part 50-Fire Protection Program for Nuclear Power Facilities Operating Prior to January 1, 1979 10 CFR 50 Appendix S, General Information

10 CFR 50 Appendix C, Appendix C to Part 50-A Guide for the Financial Data and Related Information Required to Establish Financial Qualifications for Construction Permits and Combined Licenses

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