§ 35-A §4353 — Decommissioning financing plans; physical decommissioning plan

1.
Submission of plans.
Decommissioning financing plans shall be submitted as follows.
2.
Content of plan.
A decommissioning financing plan submitted under subsection 1 shall include:
3.
Approval of plan.
The plan shall be approved as follows.
4.
Cost of decommissioning.
Based upon the plan, the commission shall establish the cost of decommissioning of any nuclear power plant located in the State and shall establish a schedule of monthly payments into the decommissioning trust fund established for that plant as necessary and convenient to meet that cost of decommissioning at the time of closing. The cost of decommissioning shall not include the cost of final disposal of spent nuclear fuel. The schedule shall be established so that contributions received by the licensee are paid to the fund as soon after receipt as practicable. For purposes of cost estimates, the method of decommissioning shall be the method of prompt removal and dismantlement, unless the United States Nuclear Regulatory Commission or its successor requires another method. The commission shall periodically review the estimated cost of decommissioning in accordance with subsection 6 and based upon that review shall revise the schedule of monthly payments as necessary.
5.
Plans required for operation.
Decommissioning financing plans are required as follows.
6.
Periodic review of plan.
Decommissioning financing plans for nuclear power plants shall be reviewed as follows.
7.
Physical decommissioning plan.
At least 3 years prior to closing a nuclear power plant, the licensee shall submit a physical decommissioning plan to the Governor and the commission, with updates annually thereafter. In the event of premature closing, the plan shall be submitted as soon as possible.

Legislative History

PL 1987, c. 141, §A6 (NEW). PL 1999, c. 398, §§A98,99 (AMD). PL 1999, c. 398, §§A104,105 (AFF).