Search Results for keywords:"financial assurance"

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Search Results: keywords:"financial assurance"

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  • 2021-01613 — Financial Assurance Measures for Hydroelectric Projects
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    Type:Notice
    Citation:86 FR 7081
    Reading Time:about 16 minutes

    The Federal Energy Regulatory Commission is seeking public comments on potential changes to how financial assurance measures are required for hydroelectric project licenses. This inquiry aims to determine if additional financial safeguards are needed to ensure that hydroelectric projects can maintain safety and environmental standards throughout their operation. Different options being considered include requiring bonds, creating trust or remediation funds, or mandating insurance policies for potential hazards. Comments on these proposals, including any alternative suggestions, are due by March 29, 2021.

    Simple Explanation

    The government is asking people to share their thoughts on whether hydroelectric power projects, like big water wheels, should have more money saved up just in case something bad happens, like a dam breaking. They want to know if these projects should have things like special safety money or insurance to make sure they can fix things if needed.

  • 2024-31369 — PSEG Nuclear, LLC; Hope Creek Generating Station, Salem Generating Station, Units 1 and 2, and Peach Bottom Atomic Power Station, Units 2 and 3; Exemption
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    Type:Notice
    Citation:89 FR 107171
    Reading Time:about 33 minutes

    The U.S. Nuclear Regulatory Commission (NRC) approved exemptions for PSEG Nuclear, LLC, allowing it to transfer earnings from nuclear decommissioning trust funds into specific subaccounts without prior notification. These exemptions pertain to funds at Hope Creek Generating Station, Salem Generating Station, and Peach Bottom Atomic Power Station, and are intended for activities that don't strictly fall under "decommissioning" as defined by existing regulations. The NRC confirmed these changes will not jeopardize the safe decommissioning of the reactors and concluded there are no significant environmental impacts from this decision. The exemptions are immediately effective and will expire once each reactor permanently ceases operations and removes nuclear fuel.

    Simple Explanation

    PSEG Nuclear got permission to move some money around in special bank accounts for cleaning up their power plants without telling the boss each time, as long as it doesn't mess up important cleanup work. The boss checked and said this change is safe, like moving allowance money to a piggy bank for different toys without asking mom each time.