New Hampshire Revised Statutes 162-F:21-c – Funding Assurance
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Terms Used In New Hampshire Revised Statutes 162-F:21-c
- 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 - 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
Funding assurances shall be sufficient to fully fund the projected cost of decommissioning the facility by the funding date, including in the event of a premature permanent cessation of operation. The committee shall determine the adequacy of the method or methods, and the level of each owner’s funding assurance. The amount available to the fund for each owner shall be sufficient to cover that owner’s share of the full cost of decommissioning by the funding date.