(A) Pursuant to section 4928.13 of the Revised Code, each electric utility that owns nuclear generation facilities located in the state of Ohio shall demonstrate compliance with decommissioning requirements of the nuclear regulatory commission and the commission and shall demonstrate adequate financing mechanisms to fund facility decommissioning.
(B) Each electric utility or affiliate that owns nuclear generation facilities located in Ohio shall submit to the commission, on or before January 31, 2001, a copy of the study used to estimate decommissioning costs for each nuclear generating facility, as used for internal modeling purposes, as of December 31, 1998. If a later estimate of decommissioning costs has been prepared, this study also shall be provided by the above date.
(C) On a biennial basis, commencing March 31, 2001, an electric utility or affiliate owning nuclear generation facilities shall cause the entity responsible for managing the external trust fund (fund) created to hold funds for the decommissioning of each nuclear facility located in Ohio, as described in case no. 87-1183-EL-COI, to report to the commission on the status of that fund. This reporting may be coordinated so as to coincide with the reporting requirements of the nuclear regulatory commission. The annual reports shall include:
(1) Information on the receipts of the fund.
(2) The investment income of the fund.
(3) The costs incurred by the fund.
(4) The balance of the fund.
(5) A description of the current fund investments, as to return and investment grade reported by applicable reporting services.
(D) In addition, an electric utility or affiliate owning nuclear generation facilities shall cause the entity responsible for managing the fund to file copies of all documents required to be filed with other state or federal agencies, including tax returns, with the commission within thirty calendar days following their submittal to the requiring agency. This requirement includes updated estimates of nuclear decommissioning cost estimates as and when required by the nuclear regulatory commission.
(E) The above referenced documents shall be filed with the commission's docketing division as notice filings.
Cite as Ohio Admin. Code 4901:1-9-09
Prior History: (Effective:
R.C. 119.032 review dates: 11/26/2008 and 09/30/2012
Promulgated Under: 111.15
Statutory Authority: 4928.13, 4928.06
Rule Amplifies: 4928.13
Prior Effective Dates: 9/18/00 )