Decommissioning
Compiled source label: current through Jun 30, 2022
Register checked through July 8, 2026/Vol. XLVIII, Issue 27 (2026-07-08) - no later Register activity found for this section
What LawEngine checked
- Status
- Source receipt
- Compiled source current through
- Jun 30, 2022
- Register checked through
- July 8, 2026/Vol. XLVIII, Issue 27 (2026-07-08)
- Register activity status
- no later Register activity found
- LawEngine source snapshot
- Jun 6, 2026
(a)The permittee shall implement the approved decommissioning and site restoration plan as required by section 900-2.24 of this Part. The permittee shall adhere to all State laws and regulations in effect at the time of decommissioning regarding the disposal and recycling of components.
(b)The financial security regarding decommissioning and site restoration activities shall be in the form of a letter of credit (LOC) or other financial assurance approved by the office, and shall be established by the permittee to be held by each city, town, or village hosting facility components. The total amount of the financial security created for the cities, towns, or villages shall be equal to the net decommissioning and site restoration estimate; the net decommissioning and site restoration estimate is equal to the gross decommissioning and site restoration estimate (which is the overall decommissioning and site restoration estimate plus a 15 percent contingency cost) less the total projected salvage value of facility components; reference to salvage value data shall also be included in the decommissioning and site restoration plan required in section 900-2.24 of this Part. If the permittee and the host municipalities cannot come to an agreement as to the appropriate amount of financial security to be provided, the office shall make the final determination. The financial security shall remain active until the facility is fully decommissioned. The LOC shall be irrevocable and state on its face that it is expressly held by and for the sole benefit of the specific town, city, or village.