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Chapter 5 - State Regulation of Decommissioning Costs

Abstract:
Even though the NRC has jurisdiction over setting regulations governing financial assurance for decommissioning, the states have the specific responsibility of setting rates for fund accumulation. Each state must include many factors in determining the appropriateness of the rate requests from the utility companies under this jurisdiction, including plant size, date of decommissioning, and configuration of the nuclear component (single or multiple units). It also must decide on proper contingency factors, estimation methodology, the likelihood of early retirement, and whether fund accumulations will include amounts for the removal of nonradioactive components and site restoration. In this chapter the authors discuss the results of their survey of how 37 state utility commissions treat these factors.

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Energy Specializations: Nuclear Power – Markets and Prices; Nuclear Power – Policy and Regulation

JEL Codes: L95: Gas Utilities; Pipelines; Water Utilities, L94: Electric Utilities, Q24: Renewable Resources and Conservation: Land, Q21: Renewable Resources and Conservation: Demand and Supply; Prices, C51: Model Construction and Estimation, Q53: Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling, D24: Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

Keywords: Nuclear decommissioning costs, State regulation, US NRC,

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-NoSI-5


Published in Volume 12, Special Issue of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.