New Hampshire Revised Statutes 162-F:21-a – Changes in Ownership
Current as of: 2023 | Check for updates
|
Other versions
I. At the time a non-utility acquires an ownership interest in a facility, sufficient moneys shall have been paid into the fund, so that the balance of the fund for that ownership interest shall equal or exceed the minimum decommissioning funding requirements of the Nuclear Regulatory Commission for that ownership interest by the funding date.
II. Prior to acquiring an ownership interest in a facility, an electric utility or non-utility shall demonstrate its ability to provide the funding assurance required by the committee, as provided in N.H. Rev. Stat. § 162-F:21-c.
III. The funding assurance:
(a) Method or methods, level, and adequacy must be approved by a final order of the committee prior to such electric utility or non-utility acquiring an ownership interest in a facility.
(b) Shall be in effect from the date the electric utility or non-utility acquires an ownership interest in the facility, until the date of license termination by the Nuclear Regulatory Commission and completion of decommissioning required by the committee and, upon the request of the committee, shall be payable directly into the fund.
II. Prior to acquiring an ownership interest in a facility, an electric utility or non-utility shall demonstrate its ability to provide the funding assurance required by the committee, as provided in N.H. Rev. Stat. § 162-F:21-c.
Terms Used In New Hampshire Revised Statutes 162-F:21-a
- Committee: means a nuclear decommissioning financing committee established pursuant to N. See New Hampshire Revised Statutes 162-F:14
- Decommissioning: means , but is not limited to, any or all of the following, as may be required by any federal or state agency with jurisdiction, when any radioactive portion of the facility is permanently removed from service:
(a) Safe removal of the land, facility, or site from service, including, but not limited to, decontamination, stabilization, removal, relocation, shipment, containment, demolition, dismantling, or storage, or a combination thereof, of any buildings, structures, systems, components, materials, or debris containing activation products or radioactive contamination. See New Hampshire Revised Statutes 162-F:14 - Electric utility: means any entity that generates or distributes electricity and which recovers the cost of this electricity, either directly or indirectly, through rates established by the entity itself or by a separate regulatory authority. See New Hampshire Revised Statutes 162-F:14
- Facility: means any nuclear electric generating facility subject to decommissioning pursuant to this chapter. See New Hampshire Revised Statutes 162-F:14
- Fund: means a nuclear decommissioning financing fund established pursuant to N. See New Hampshire Revised Statutes 162-F:14
- Funding assurance: means any prepayment, external sinking funds, parental or self-guarantee, insurance, bonds, letters of credit, form of surety, long-term power sales contract, or other method, or combination of methods approved by the committee, that, in the aggregate, meets or exceeds the decommissioning funding requirements established by the committee. See New Hampshire Revised Statutes 162-F:14
- Funding date: means the date established by the committee at which time the fund shall have sufficient moneys to complete decommissioning. See New Hampshire Revised Statutes 162-F:14
- Non-utility: means any entity owning or proposing to own an interest in a nuclear electric generating facility, other than an electric utility. See New Hampshire Revised Statutes 162-F:14
III. The funding assurance:
(a) Method or methods, level, and adequacy must be approved by a final order of the committee prior to such electric utility or non-utility acquiring an ownership interest in a facility.
(b) Shall be in effect from the date the electric utility or non-utility acquires an ownership interest in the facility, until the date of license termination by the Nuclear Regulatory Commission and completion of decommissioning required by the committee and, upon the request of the committee, shall be payable directly into the fund.