The NRC’s Reactor Decommissioning Financial Assurance Working Group recently held a public meeting to receive comments on potential guidance updates before publishing its final report. Prior to the public meeting, the working group shared a presentation summarizing its findings and proposals.
As background, the working group was established in September 2019 to review the NRC’s current decommissioning financial assurance processes in response to the growing use of third-party decommissioning business models. In general, this business model has the licensee sell its assets, including the decommissioning trust fund, and transfer its license—either temporarily or permanently—to a third party who then performs the decommissioning work before the license is terminated and the site released for unrestricted use. The working group was tasked with identifying potential regulatory gaps or policy issues related to adequate financial assurances and making recommendations to address them.