New Hampshire § 162-F-14 - Section 162-F:14 Definitions.

§ 162-F-14. Section 162-F:14 Definitions.

As used in this chapter: I. "Committee" means a nuclear decommissioning financing committee established pursuant to RSA 162-F:15. II. "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. This includes reduction of residual radioactivity to a level that permits release by the Nuclear Regulatory Commission of the property including land and structures for unrestricted use, and termination of the license issued by the Nuclear Regulatory Commission. Included is the removal of nuclear fuel, removal of the reactor containment building, and the dismantling of non-contaminated components required to obtain access to contaminated components. (b) Restoration and rehabilitation of any site, including the physical and aesthetic appearance of the site, that is subject to the requirements of subparagraph II(a) to permit non-nuclear commercial, industrial, or other similar use, consistent with the orderly development of the region with due consideration having been given to the views of municipal and regional planning commissions and municipal governing bodies. (c) Perpetual, continual control or surveillance of land and structures that the Nuclear Regulatory Commission has not released for unrestricted use. III. "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. Investor-owned utilities, including generation or distribution subsidiaries, public utility districts, municipalities, rural electric cooperatives, and state and federal agencies, including associations of any of the foregoing, are included within the meaning of "electric utility." IV. "Facility" means any nuclear electric generating facility subject to decommissioning pursuant to this chapter. V. "Fund" means a nuclear decommissioning financing fund established pursuant to RSA 162-F:19. VI. "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. VII. "Funding date" means the date established by the committee at which time the fund shall have sufficient moneys to complete decommissioning. VIII. "Non-utility" means any entity owning or proposing to own an interest in a nuclear electric generating facility, other than an electric utility. IX. "Projected cost of decommissioning" means the amount, as determined by the committee, that is required to fully fund the cost of decommissioning a facility.