Search Results for keywords:"budget recovery"

Found 1 results
Skip to main content

Search Results: keywords:"budget recovery"

  • Type:Proposed Rule
    Citation:90 FR 9848
    Reading Time:about 60 minutes

    The U.S. Nuclear Regulatory Commission (NRC) is proposing changes to its fee schedules for fiscal year 2025 to comply with the Nuclear Energy Innovation and Modernization Act, which mandates recovering nearly all of its annual budget through fees. The updates include amendments to licensing, inspection, and annual fees, and introducing a reduced hourly rate for advanced nuclear reactor applicants and pre-applicants. This reduced rate is set to encourage the development and application of versatile, advanced nuclear technologies, aligning with recent legislative acts. Public comments on these proposals are invited until March 21, 2025.

    Simple Explanation

    The Nuclear Regulatory Commission wants to change how much they charge for doing things like checking if nuclear power plants are safe. They want to get all their money for the year from these charges and make it cheaper for people who are building new kinds of nuclear power plants.