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Sample records for decommissioning fund financial

  1. Utility financial stability and the availability of funds for decommissioning: An analysis of internal and external funding

    International Nuclear Information System (INIS)

    Siegel, J.J.

    1988-06-01

    The NRC is currently developing final rules in the area of decommissioning nuclear facilities. A part of that rulemaking effort is assuring that funds will be available at the time of decommissioning of power reactors. This report provides an update by considering public comments received on the NRC's proposed rule on decommissioning (published February, 1985) and by analyzing the relative level of assurance of internal and external reserves. In its analysis, the report makes use of specific case utility financial situations. The report concludes that from a financial standpoint, with the exception of PSNH, internal reserves currently provide sufficient assurance of funds for decommissioning. The report also concludes that the NRC should recommend changes in bankruptcy laws, including decommissioning obligations in utility prospectuses, and conduct periodic financial reviews of nuclear utilities due to changing economic conditions

  2. Money Related Decommissioning and Funding Decision Making

    International Nuclear Information System (INIS)

    Goodman, Lynne S.

    2008-01-01

    'Money makes the world go round', as the song says. It definitely influences decommissioning decision-making and financial assurance for future decommissioning. This paper will address two money-related decommissioning topics. The first is the evaluation of whether to continue or to halt decommissioning activities at Fermi 1. The second is maintaining adequacy of financial assurance for future decommissioning of operating plants. Decommissioning costs considerable money and costs are often higher than originally estimated. If costs increase significantly and decommissioning is not well funded, decommissioning activities may be deferred. Several decommissioning projects have been deferred when decision-makers determined future spending is preferable than current spending, or when costs have risen significantly. Decommissioning activity timing is being reevaluated for the Fermi 1 project. Assumptions for waste cost-escalation significantly impact the decision being made this year on the Fermi 1 decommissioning project. They also have a major impact on the estimated costs for decommissioning currently operating plants. Adequately funding full decommissioning during plant operation will ensure that the users who receive the benefit pay the full price of the nuclear-generated electricity. Funding throughout operation also will better ensure that money is available following shutdown to allow decommissioning to be conducted without need for additional funds

  3. Securing decommissioning funds. Why organization matters?

    International Nuclear Information System (INIS)

    Tchapga, F.

    2005-01-01

    Full text: Securing decommissioning funds requires that the financial resources set aside for the purpose of decommissioning be managed prudently. Decommissioning of nuclear power plant is prescribed by National Atomic Laws or by other nuclear legislation. It is a mandatory operation. The operators of nuclear power plants set money aside for that purpose. This is known as 'Decommissioning reserve fund'. Decommissioning implies costs very distant in time. Thus, it is obvious, from an economic point of view, that the funds set aside should be managed. As decommissioning is mandatory, the funds accumulated should be secured. In others words, they should be available when needed. Availability of funds is influenced by endogenous and exogenous factors. Endogenous factors are a matter of design of the reserve funds. They include the management of the funds, its monitoring and control... Availability of funds is influenced by these factors, depending on the rules to which the behaviour of the manager of the funds is subjected. In contrast, exogenous factors deal with the energy context. These factors are mainly the electricity sector organisation and/or the overall economic situation. They are decisive factors of the economic performance of the reserve fund for a given design. Therefore, the requirement of availability of funds, when needed, is a matter of compatibility between the design of the decommissioning funds and the electricity context. Put differently, reserve fund's design need to be consistent with the electricity context's features in respect of the availability of funds. Current reserve funds were designed in a context of monopoly regime. In this context, availability of decommissioning funds was not questionable. At least, as far as the design of the reserve funds is concerned. This is because nuclear generator didn't confront any competition pressure. Electricity prices were set trough rate base mechanism, and all the business risks were borne by the

  4. Financial aspects of decommissioning

    International Nuclear Information System (INIS)

    Chirica, T.; Havris, A.

    2003-01-01

    European Commission adopted recently two proposals of Directives designed to pave the way for a Community approach to the safety of nuclear power plants and the processing of radioactive waste. Nuclear safety cannot be guaranteed without making available adequate financial resources. With regard, in particular, to the decommissioning of nuclear facilities, the Directive defines the Community rules for the establishment, management and use of decommissioning funds allocated to a body with legal personality separate from that of the nuclear operator. In order to comply with the acquis communautaire, Romanian Government issued the Emergency Ordinance no. 11/2003 which set up the National Agency for Radioactive Waste (ANDRAD) and soon will be established the financial mechanism for raising the necessary funds. Societatea Nationala 'Nuclearelectrica' S.A. operates, through one of its branches, Cernavoda NPP Unit 1 and has to prepare its decommissioning strategy and to analyze the options to assure the financing for covering the future costs. The purpose of this paper is to clarify the financial systems' mechanisms to the satisfaction of the nuclear operator obligations, according to the disbursement schedule foreseen by decommissioning projects . The availability of cash to pay for all the decommissioning expenditure must be foreseen by setting up assets and establishing a suitable financing plan. The different practices of assets management shall be presented in this paper on the basis of the international experience. Some calculation samples shall be given as an illustration. (author)

  5. Decommissioning nuclear power plants: a case for external funding

    International Nuclear Information System (INIS)

    Hendren, C.B.

    1987-01-01

    In deciding how to finance the decommissioning of nuclear power plants, there are five basic criteria for choosing between internal and external funding methods: (1) the desire for financial assurance, (2) the cost of the assurance, (3) the degree of equity in the recovery program, (4) the program's ability to respond to changes, and (5) the program's adaptability to different utilities. To fulfill its obligations to protect long-term public interests, the Missouri Public Service Commission decided it had to assure, to the maximum extent possible, that sufficient decommissioning funds were available when needed. For this reason, it chose the external funding method. In an external fund, the money currently collected from ratepayers to cover decommissioning costs is placed in an independent trust fund comprised of low-risk investments. The funds and the interest they accrue are available to the utility only at the time of decommissioning (and only for that purpose), thus assuring a certain amount of money will be on-hand to cover decommissioning costs as they arise. Such a fund may prove critical to the financial well-being of the utility, particularly if one considers that the utility would need additional generating facilities to replace the capacity lost through the retirement of its nuclear plant. 3 references

  6. Funding nuclear-power-plant decommissioning. Final report

    International Nuclear Information System (INIS)

    Burns, R.E.; Henderson, J.S.; Pollard, W.; Pryor, T.; Chen, Y.M.

    1982-10-01

    The report is organized according to the steps that one might go through when analyzing funding of decommissioning costs. The first step in analyzing decommissioning costs might be to review the present regulatory framework within which decommissioning cost decisions must be made. A description is presented of the present NRC regulations that address the decommissioning of a nuclear power plant. A description is also presented of recent public utility commission activities concerning funding the costs of decommissioning. Possible future trends in NRC regulation are also discussed. The estimation of decommmissioning costs is analyzed. A description of each of the possible decommissoining options is presented. The options of decommissioning include immediate dismantlement, various types of safe storage, and entombment. A discussion is presented of cost estimations for each decommissioning option for nuclear units containing pressurized water reactors and boiling water reactors. A description is included of the various methods of collecting funds for decommissioning as well as a discussion of their possible regulatory treatment. Material is presented which will provide the reader with background information that might assist state utility commissioners or their staffs in choosing or evaluating one of the financial mechanisms for covering decommissioning costs

  7. DECOST: computer routine for decommissioning cost and funding analysis

    International Nuclear Information System (INIS)

    Mingst, B.C.

    1979-12-01

    One of the major controversies surrounding the decommissioning of nuclear facilities is the lack of financial information on just what the eventual costs will be. The Nuclear Regulatory Commission has studies underway to analyze the costs of decommissioning of nuclear fuel cycle facilities and some other similar studies have also been done by other groups. These studies all deal only with the final cost outlays needed to finance decommissioning in an unchangeable set of circumstances. Funding methods and planning to reduce the costs and financial risks are usually not attempted. The DECOST program package is intended to fill this void and allow wide-ranging study of the various options available when planning for the decommissioning of nuclear facilities

  8. Decommissioning funding: ethics, implementation, uncertainties

    International Nuclear Information System (INIS)

    2006-01-01

    This status report on Decommissioning Funding: Ethics, Implementation, Uncertainties also draws on the experience of the NEA Working Party on Decommissioning and Dismantling (WPDD). The report offers, in a concise form, an overview of relevant considerations on decommissioning funding mechanisms with regard to ethics, implementation and uncertainties. Underlying ethical principles found in international agreements are identified, and factors influencing the accumulation and management of funds for decommissioning nuclear facilities are discussed together with the main sources of uncertainties of funding systems. (authors)

  9. Decommissioning Funding: Ethics, Implementation, Uncertainties

    International Nuclear Information System (INIS)

    2007-01-01

    This status report on decommissioning funding: ethics, implementation, uncertainties is based on a review of recent literature and materials presented at NEA meetings in 2003 and 2004, and particularly at a topical session organised in November 2004 on funding issues associated with the decommissioning of nuclear power facilities. The report also draws on the experience of the NEA Working Party on Decommissioning and Dismantling (WPDD). This report offers, in a concise form, an overview of relevant considerations on decommissioning funding mechanisms with regard to ethics, implementation and uncertainties. Underlying ethical principles found in international agreements are identified, and factors influencing the accumulation and management of funds for decommissioning nuclear facilities are discussed together with the main sources of uncertainties of funding systems

  10. Funding Decommissioning - UK Experience

    International Nuclear Information System (INIS)

    MacKerron, Gordon

    2006-01-01

    'Funding' started with CEGB and SSEB (state-owned electric utilities) in 1976 using the internal un-segregated fund route (i.e unfunded). This continued until privatisation of electricity industry (excluding nuclear) in 1990. Assets bought with the internal un-segregated fund were mostly transferred into non-nuclear private utilities. New state-owned Nuclear Electric (England and Wales) was given a 'Fossil Fuel Levy', a consumer charge of 10% on retail bills, amounting to c. BP 1 bn. annually. This allowed Nuclear Electric to trade legally (A reserve of BP 2.5 bn. was available from Government if company ran out of money). By 1996 the newer nuclear stations (AGRS plus PWR) were privatised as British Energy. British Energy started an external segregated fund, the Nuclear Decommissioning Fund, with a starting endowment of c. BP 225 m. - and BE made annual contributions of British Pound 16 m. into the Fund. Assumptions were that BE had 70 to accumulate cash and could get a 3.5% average annual real return. Older stations (Magnox) were left in private sector and went to BNFL in 1997. Magnox inherited the surplus cash in BE - mostly unspent Fossil Fuel Levy receipts - of c. BP 2.6 bn. Government gave an 'Undertaking' to pay BP 3.8 bn. (escalating at 4.5% real annually) for Magnox liabilities, should Magnox Electric run out of cash. BNFL inherited the BP 2.6 bn. and by 2000 had a 'Nuclear Liabilities Investment Portfolio' of c. BP 4 bn. This was a quasi-segregated internal fund for liabilities in general. [Note: overall UK nuclear liabilities in civilian sector were running at c. BP 48 bn. by now]. BE started profitable and paid BP 100 m. annually in dividends to private investors for several years. BE ran into severe financial problems after 2001 and Government organised restructuring aid, now approved by European Commission. Terms include: - BE now to contribute BP 20 m. a year into an expanded Nuclear Liabilities Fund; - A bond issue of BP 275 m. to go to Fund; - 65

  11. Financial provisions for decommissioning and disposal: the operators' view

    International Nuclear Information System (INIS)

    Mueller-Dehn, C.

    2008-01-01

    The German system of making provisions for nuclear power has been the subject of frequent examinations, and has been approved in each case - by the German federal government, the European Commission, the Court of First Instance of the European Communities and, recently, also by the European Court of Justice. The article describes the basic legal principles entailing the obligation to make financial provisions for decommissioning and disposal by setting aside the required funds in line with current practice. The management of the assets balancing the provisions, the system of controls, the economic strength of the firms involved and, especially, the demand for the product they sell, i.e. electricity, ensure permanent availability of these funds. Numerous subsidiary legal provisions ensure transparency of these financial provisions. The external fund model analyzed as an alternative is the rejected both on account of drawbacks in its contents and for legal reasons. Attention is paid to the recommendation by the European Commission of October 2006 about financial provisions for decommissioning and disposal, to which the German system conforms and which does not require the establishment of external funds either. As the system of financial provisions has been operated successfully and reliably in Germany since the beginnings of the use of nuclear power, a plea is made in favor of upholding its structures and functions. (orig.)

  12. Assuring the availability of funds for decommissioning nuclear reactors

    International Nuclear Information System (INIS)

    1990-08-01

    The general requirements for applications for license termination and decommissioning nuclear power, research, and test reactors are contained in 10 CFR Part 50, ''Domestic Licensing of Production and Utilization Facilities.'' On June 27, 1988, the Commission published amendments to 10 CFR Part 50 (53 FR 24018) concerning specific criteria for decommissioning nuclear facilities. Amended 10 CFR 50.33(k), 50.75, and 50.82(b) require operating license applicants and existing licensees to submit information on how reasonable assurance will be provided that funds are available to decommission the facility. Amended section 50.75 establishes requirements for indicating how this assurance will be provided, namely the amount of funds that must provided, including updates, and the methods to be used for assuring funds. This regulatory guide has been developed in conjunction with the rule amendments and was published for public comment in May 1989. This version incorporates, where appropriate, the public comments received. Its purpose is to provide guidance to applicants and licensees of nuclear power, research, and test reactors concerning methods acceptable to the NRC staff for complying with requirements in the amended rule regarding the amount of funds for decommissioning. It also provides guidance on the content and form of the financial assurance mechanisms indicated in the rule amendments. 9 refs

  13. Department of Energy`s Uranium Enrichment Decontamination and Decommissioning Fund fiscal year 1997 financial statement audit

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-08-21

    This report presents the results of the independent certified public accountants` audit of the Department of Energy`s Uranium Enrichment Decontamination and Decommissioning Fund (D&D Fund) financial statements as of September 30, 1997. The auditors have expressed an unqualified opinion on the 1997 statement of financial position and the related statements of operations and changes in net position and cash flows. The 1997 financial statement audit was made under provisions of the Inspector General Act (5 U.S.C. App.) as amended, the Government Management Reform Act (31 U.S.C. 3515), and Office of Management and Budget implementing guidance. The auditor`s work was conducted in accordance with generally accepted government auditing standards. To fulfill our audit responsibilities, we contracted with the independent public accounting firm of KPMG Peat Marwick LLP (KPMG) to conduct the audit for us, subject to our review. The auditors` report on the D&D Fund`s internal control structure disclosed no reportable conditions. The auditors` report on compliance with laws and regulations disclosed one instance of noncompliance. This instance of noncompliance relates to the shortfall in Government appropriations. Since this instance was addressed in a previous audit, no further recommendation is made at this time. During the course of the audit, KPMG also identified other matters that, although not material to the financial statements, nevertheless, warrant management`s attention. These items are fully discussed in a separate letter to management.

  14. Influence of accounting concepts and regulatory rules on the funding of power reactor decommissioning costs

    International Nuclear Information System (INIS)

    Ferguson, J.S.

    1985-01-01

    Under normal circumstances, an evaluation of nuclear plant decommissioning costs by an engineering analyst will not produce the same results as an evaluation by a financial analyst. These analysts should understand evaluations based on each other's bases to ensure that their evaluation techniques are appropriate for the circumstances. The intent of this discussion is to enhance that understanding by describing the accounting and regulatory framework that is applicable to the decommissioning costs of U.S. nuclear power plants, and by explaining why evaluations of decommissioning costs prepared by engineering analysts often look different from evaluations prepared by financial analysts. Of major importance are the financial implications of several methods of funding the decommissioning costs. Since many owners of nuclear plants are subject to revenue rate regulation, financial implications often translate directly to regulatory implications

  15. Financial assurance for decontamination and decommissioning: a Texas perspective

    International Nuclear Information System (INIS)

    Rao, C.D.; Etter, S.D.; Dziuk, T.W.

    1986-01-01

    The Texas Department of Health (TDH) has the regulatory responsibility to ensure that funds are available for decontamination, decommissioning, and reclamation of uranium recovery facilities in Texas. Uranium recovery licensees are required to post financial security with the Agency for that purpose. Texas uranium facilities include (1) conventional surface mining and milling plants, including tailings ponds, and (2) in situ solution mining plants, each with somewhat different cost elements for decontamination, decommissioning, reclamation, and closure. Cost estimates for decontamination, decommissioning, and reclamation, along with a facility closure plan, are initially submitted to the Agency by the licensees. These are verified and compared with detailed independent cost estimates prepared by Agency staff. Significant differences between the two estimates are examined and resolved by negotiation and/or recalculation to the satisfaction of the state. The Texas philosophy for maintaining financial security permits flexibility in the closure plan without jeopardizing or compromising the ultimate long-term objectives of closure. Review of closure plans incorporates new technological developments In contrast, financial security is established expeditiously by applying the best available cost data to necessarily conservative estimates of the work involved. Financial security cost estimates are subject to annual review and adjustment

  16. NRC proposes changes to nuke decommissioning funding rules

    International Nuclear Information System (INIS)

    Anon.

    1993-01-01

    The Nuclear Regulatory Commission (NRC) has proposed to amend its regulations to allow self-guarantee as a means of assuring adequate funding for nuclear plant decommissioning. It acted in response to a rulemaking petition filed by General Electric Co. and Westinghouse Electric Corp. The proposal would allow self-guarantees if certain conditions are met: Tangible net worth of at least $1 billion; Tangible net worth at least 10 times the present decommissioning cost estimate for all activities the utility is responsible for as a self-guaranteeing licensee and as parent guarantor; Domestic assets amounting to at least 90 percent of total assets or at least 10 times the present decommissioning cost estimate; A credit rating for the utility's most recent bond issuance of AAA, AA, or A (Standard ampersand Poor's), or Aaa, Aa, or A (Moody's). Additional requirements include that the utility licensee must have at least one class of equity securities registered under the Securities Exchange Act of 1934, and that an independent auditor must verify that the utility met the financial test. A utility also would be responsible for reporting any change in circumstances affecting the criteria used to meet the financial test, and would be responsible for meeting that test within 90 days of each financial year. The NRC will accept written comments until March 29, 1993

  17. Regulation evolution in Sweden with emphasis on financial aspects of decommissioning

    International Nuclear Information System (INIS)

    Lindskog, St.; Sjoblomb, R.

    2008-01-01

    It is generally agreed that it should be the polluters that pay. A corollary to this principle is that it is those who benefit from e g nuclear electricity generation that should pay all the future costs for decommissioning and waste management. In order for such a corollary to be implemented in practice it is necessary that costs can be estimated, that appropriate funds can be accumulated, and that money can be made available at the time when it is needed. This is the principle underlying the recent (2006) recommendation of the European Union Commission on financial resources for decommissioning. The Commission states that a segregated fund with appropriate controls on use is the preferred option for all nuclear installations, and a clear recommendation to this effect is made for new installations. Furthermore, as regards the estimation of decommissioning costs, the Commission recommends a prudent calculation of costs based on appropriate risk management criteria and external supervision. The commission finds that experience shows that exchange of information between national experts concerning the various approaches to and financial arrangements for decommissioning and waste management is an excellent way of facilitating a common response to safety challenges. However, stringent requirements on assessing and securing assets for liabilities have been in force since many years through the various national implementations of the International Financial Reporting Standards (IFRS) and the International Accounting Standards (IAS). Thus, precise calculations are to be presented each year (except for ongoing court cases), and in case estimation is difficult, various scenarios should be considered and a weighed average presented. In Sweden, the Law of Finance (SFS 2006:647) regulates how the costs for decommissioning and waste management are to be calculated and paid. A fee is levied on the use of nuclear electricity and accumulated in the waste fund. In addition, the

  18. Regulation evolution in Sweden with emphasis on financial aspects of decommissioning

    Energy Technology Data Exchange (ETDEWEB)

    Lindskog, St. [the Swedish Nuclear Power Inspectorate, Stockholm (Sweden); Sjoblomb, R. [Tekedo AB, Nykoping (Sweden)

    2008-07-01

    It is generally agreed that it should be the polluters that pay. A corollary to this principle is that it is those who benefit from e g nuclear electricity generation that should pay all the future costs for decommissioning and waste management. In order for such a corollary to be implemented in practice it is necessary that costs can be estimated, that appropriate funds can be accumulated, and that money can be made available at the time when it is needed. This is the principle underlying the recent (2006) recommendation of the European Union Commission on financial resources for decommissioning. The Commission states that a segregated fund with appropriate controls on use is the preferred option for all nuclear installations, and a clear recommendation to this effect is made for new installations. Furthermore, as regards the estimation of decommissioning costs, the Commission recommends a prudent calculation of costs based on appropriate risk management criteria and external supervision. The commission finds that experience shows that exchange of information between national experts concerning the various approaches to and financial arrangements for decommissioning and waste management is an excellent way of facilitating a common response to safety challenges. However, stringent requirements on assessing and securing assets for liabilities have been in force since many years through the various national implementations of the International Financial Reporting Standards (IFRS) and the International Accounting Standards (IAS). Thus, precise calculations are to be presented each year (except for ongoing court cases), and in case estimation is difficult, various scenarios should be considered and a weighed average presented. In Sweden, the Law of Finance (SFS 2006:647) regulates how the costs for decommissioning and waste management are to be calculated and paid. A fee is levied on the use of nuclear electricity and accumulated in the waste fund. In addition, the

  19. SOGIN Decommissioning strategy and funding (Italy)

    International Nuclear Information System (INIS)

    2006-01-01

    Statement: In Italy, as it is well known, there are no more operational NPPs. The four existing nuclear plants are definitely shutdown and ready for decommissioning. Considerations on decommissioning funding system have to take into account this particular situation. Strategy for decommissioning: New inputs given to SOGIN by the Italian Government are: conditioning all radioactive waste existing on the NPPs within the year 2010, release all nuclear sites - free of radiological constraints - by 2020. The last task is conditioned by availability of the national waste repository by the year 2009. Strategy for decommissioning: Key issue is prompt dismantling considering No more nuclear activities in Italy and Progressive loss of competencies. Previously Existing funds: Before plant shutdown, ENEL has cumulated provisions for decommissioning, even in absence of a clear regulatory framework. These provisions were not sufficient for decommissioning, considering the early closure of the plants. An additional fund was granted to ENEL by the government, in the form of a 'credit' to be paid by the 'electric system' (CCSE). This fund (provisions + credit) was considered sufficient by ENEL for a decommissioning with Safe Store strategy (fund = discounted foreseen costs). The total fund (provisions + credit) was assigned to Sogin at the incorporation date. The amount, money 1999, was about 800 M euros. Considering the new context: new strategy (Prompt Dismantling with site release by 2020), Sogin constitution (societal costs), new economic conditions. The fund was not considered sufficient for all Sogin tasks. This conclusion was agreed upon also by the independent 'Authority for electric energy and gas'. A new regulatory framework was therefore defined. Regulatory aspects: The Legislative Decree 79/99 has stated that costs for the decommissioning of NPP, fuel cycle back end and related activities should be considered as stranded costs for the general electric system. The same

  20. Discussion on management of decommissioning funds for nuclear power plants

    International Nuclear Information System (INIS)

    Wang Hailiang

    2013-01-01

    Decommissioning funding is one of the major issues with regard to the policy and management of nuclear power. This paper describes current status of decommissioning of nuclear power plants in some foreign countries and narrates the practices in these countries on the estimation of decommissioning cost, the retrieval and management of decommissioning funds, and the guarantee of fund sufficiency. Based on a brief analysis of the status of decommissioning funding management for nuclear power plants in China, suggestions on tasks or activities needed to be carried out at present in the field of decommissioning funding are proposed. (authors)

  1. Standard format and content of financial assurance mechanisms required for decommissioning under 10 CFR parts 30, 40, 70, and 72

    International Nuclear Information System (INIS)

    1990-01-01

    The Nuclear Regulatory Commission (NRC) has established technical and financial regulations for decommissioning licensed nuclear facilities (53 FR 24018, June 27, 1988). The regulations address decommissioning planning needs, timing, funding methods, and environmental review requirements for public and private facilities holding licenses under 10 CFR Parts 30, 40, 50, 70, and 72, with the exception of uranium mills. The intent of the regulations is to ensure that the decommissioning of all licensed facilities will be accomplished in a safe and timely manner and that licensees will provide adequate funds to cover all costs associated with decommissioning. The purpose of this regulatory guide, ''Standard Format and Content of Financial Assurance Mechanisms Required for Decommissioning Under 10 CFR Parts 30, 40, 70, and 72,'' is to provide guidance acceptable to the NRC staff on the information to be provided for establishing financial assurance for decommissioning and to establish a standard format for presenting the information. Use of the standard format will (1) help ensure that the financial instruments contain the information required by 10 CFR Parts 30, 40, 70, and 72, (2) aid the applicant and NRC staff in ensuring that the information is complete, and (3) help persons reading the financial instruments to locate information. 5 refs., 13 figs

  2. Importance of funding in decommissioning cost estimates

    International Nuclear Information System (INIS)

    Mingst, B.C.

    1987-01-01

    Decommissioning cost estimates have been made by several study groups for the decommissioning of pressurized-water and boiling-water nuclear power stations. The results of these studies are comparable when corrected for inflation and the differences in contingency factors applied by the study groups. The estimated dismantling costs differ far less than a factor of 2 in all cases, despite the design differences found in the plants that were studied. An analysis of the different methods available for funding the dismantling of these facilities shows the much stronger effect that the choice of funding methods has on the net cost of decommissioning. The total cost of dismantling may vary more than a factor of 4 from one funding method to another, assuming current or recent historical inflation rates. The funding methods evaluated include sinking funds, deposits, negative-salvage value depreciation, and insurance. These funding methods are taken from the NRC's Notice of Proposed Rulemaking description of acceptable funding methods. The funding analysis for this study was performed using the DECOST-86 computer code. The evaluation of funding options for a nuclear facility, and the appropriate choice of the funding method best for that facility, are found to be more important than detailed engineering studies in determining the net cost of decommissioning during the early portions of the plant's operating lifetime

  3. Funding for reactor decommissioning: the NRC perspective

    International Nuclear Information System (INIS)

    Wood, R.S.

    1981-01-01

    The cost of decommissioning a nuclear power plant is discussed. Four funding approaches that have received the most attention from the NRC are: prepayment into a trust fund of estimated decommissioning funds at the start of facility operation; annual contributions into a trust fund outside the control of the utility over the estimated life of a facility; internal reserve or sinking fund amortizations over the estimated life of a facility; and insurance or other surety mechanisms used separately or in conjunction with any of the first three mechanisms

  4. Office of Environmental Management Uranium Enrichment Decontamination and Decommissioning Fund financial statements, September 30, 1995 and 1994

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-02-21

    The Energy Policy Act of 1992 (Act) requires the Department of Energy to retain ownership and responsibility for the costs of environmental cleanup resulting from the Government`s operation of the three gaseous diffusion facilities located at the K-25 site in Oak Ridge, Tennessee; Paducah, Kentucky; and Portsmouth, Ohio. The Act transferred the uranium enrichment enterprise to the United States Enrichment Corporation (USEC) as of July 1, 1993, and established the Uranium Enrichment Decontamination and Decommissioning Fund (D&D Fund) to: Pay for the costs of decontamination and decommissioning at the diffusion facilities; pay the annual costs for remedial action at the diffusion facilities to the extent that the amount in the Fund is sufficient; and reimburse uranium/thorium licensees for the costs of decontamination, decommissioning, reclamation, and other remedial actions which are incident to sales to the Government.

  5. Financial guarantee for decommissioning and nuclear waste management activities at OPG

    International Nuclear Information System (INIS)

    Van den Hengel, J.

    2006-01-01

    This paper provides an overview on the establishment and maintenance of a financial guarantee for decommissioning and nuclear waste management activities at Ontario Power Generation (OPG) in accordance with CNSC requirements. The process and timelines are documented leading to the establishment of the guarantee effective July 31, 2003. Reference plans, cost estimates, funding mechanisms and reporting mechanisms are summarized. The renewal process projected at the end of the 5-year initial financial guarantee period is also included. (author)

  6. Uranium enrichment decontamination and decommissioning fund

    International Nuclear Information System (INIS)

    1994-01-01

    One of the most challenging issues facing the Department of Energy's Office of Environmental Management is the cleanup of the three gaseous diffusion plants. In October 1992, Congress passed the Energy Policy Act of 1992 and established the Uranium Enrichment Decontamination and Decommissioning Fund to accomplish this task. This mission is being undertaken in an environmentally and financially responsible way by: devising cost-effective technical solutions; producing realistic life-cycle cost estimates, based on practical assumptions and thorough analysis; generating coherent long-term plans which are based on risk assessments, land use, and input from stakeholders; and, showing near-term progress in the cleanup of the gaseous diffusion facilities at Oak Ridge

  7. Business operations and decommissioning strategy for imperial college London research reactor 'Consort' - A financial risk management approach

    International Nuclear Information System (INIS)

    Franklin, S.J.; Gardner, D.; Mumford, J.; Lea, R.; Knight, J.

    2005-01-01

    Imperial College London (IC) operates commercially a 100 kW research reactor, and as site licensee is responsible for funding both operations and eventual decommissioning. With long lead times ahead urgent decisions on the future business options have had to be made in 2004/5 including choices on whether to move to early decommissioning, recognising the high costs entailed, or to pursue continuing operations involving life extension measures such as refuelling. To develop a coherent overall approach strategy a financial risk driven programme was initiated to help define a robust transparent business and termination case for the reactor. This study was carried out in collaboration with a UK firm of financial risk experts, PURE Risk Management Ltd (PURE), working within a dedicated IC London reactor project team. This work evaluated immediate closure options due to financial constraints or life limiting failures, and options for continuing operation extending to 2028. Decommissioning and clean up were reviewed. Bespoke financial models created single value cost outputs and ranges of probabilistic net present values (NPV) for decommissioning costs and financial provisions to meet those costs at various levels of risk acceptance and regulatory compliance. (author)

  8. Financing the Decommissioning of Nuclear Facilities

    International Nuclear Information System (INIS)

    2016-01-01

    Decommissioning of both commercial and R and D nuclear facilities is expected to increase significantly in the coming years, and the largest of such industrial decommissioning projects could command considerable budgets. It is important to understand the costs of decommissioning projects in order to develop realistic cost estimates as early as possible based on preliminary decommissioning plans, but also to develop funding mechanisms to ensure that future decommissioning expenses can be adequately covered. Sound financial provisions need to be accumulated early on to reduce the potential risk for residual, unfunded liabilities and the burden on future generations, while ensuring environmental protection. Decommissioning planning can be subject to considerable uncertainties, particularly in relation to potential changes in financial markets, in energy policies or in the conditions and requirements for decommissioning individual nuclear installations, and such uncertainties need to be reflected in regularly updated cost estimates. This booklet offers a useful overview of the relevant aspects of financing the decommissioning of nuclear facilities. It provides information on cost estimation for decommissioning, as well as details about funding mechanisms and the management of funds based on current practice in NEA member countries. (authors)

  9. Why an open common-knowledge process about decommissioning funds? How transparency supports democracy

    International Nuclear Information System (INIS)

    BOVY, Michel

    2006-01-01

    Future generations will receive funds and have to manage the financial burdens linked to the technical heritage of the past nuclear activities. This shows the challenges of ethical requirements in this particular field, its cultural background as well as what it stands for. Another question is how the operators or the governmental bodies will interpret their decisions and justify these based on a hierarchy of principles where utilitarianism and egalitarianism have a central meaning. We aim at showing how a comparison of common criteria for decommissioning funds could help democracy and how a common knowledge could be developed by an open expertise process. The function of the control of the systems [1], that favours a democratic regulatory process in each country, calls for sufficient answers with regard to decommissioning funds, compared to other essential social needs. He has to adequately respond to the population with a higher degree of transparency in the priority of choices between different ways of using and controlling these funds. This asks for more social accountability and makes experts more responsible to Society for which they should work. (author)

  10. 10 CFR 70.25 - Financial assurance and recordkeeping for decommissioning.

    Science.gov (United States)

    2010-01-01

    ... segregated from licensee assets and outside the licensee's administrative control of cash or liquid assets such that the amount of funds would be sufficient to pay decommissioning costs. Prepayment may be in... estimate for decommissioning and a description of the method of assuring funds for decommissioning from...

  11. Assessment of financial expenditure for Rivne NPP power units decommissioning

    International Nuclear Information System (INIS)

    Nosovskij, A.V.; Salij, L.M.

    2007-01-01

    The article covers some financial aspects of developing a decommissioning concept for Rivne NPP power units with reactor VVER-440 and VVER-1000. Possible methodological approaches to costs estimate have been analyzed. Preliminary results of cost estimation are presented for two decommissioning options: deferred and immediate dismantling. Principally possible options for accumulating assets have been analyzed to finance measures related to Rivne NPP decommissioning. A mathematical model has been proposed for creating decommissioning financial reserve

  12. Financial aspects of decommissioning. Report by an expert group

    International Nuclear Information System (INIS)

    2005-11-01

    Estimating decommissioning costs and collecting funds for eventual decommissioning of facilities that have used radioactive material is a prerequisite for safe, timely and cost effective decommissioning. A comprehensive overview of decommissioning costs and funding mechanisms was missing in the IAEA literature although the subject had been marginally dealt with in a few IAEA publications. Costing and funding issues were partially addressed by other international organizations, but there is a need to address the subject from the standpoint of the diverse social, economic and cultural environments that constitute IAEA membership. In its role of an international expert committee assisting the IAEA, the Technical Group on Decommissioning (TEGDE) debates and draws conclusions on topics omitted from general guidance. TEGDE members met in Vienna in 2003, 2004 and 2005 to develop the basis for this publication. The views expressed here reflect those of TEGDE and not necessarily those of the IAEA

  13. Recent Trends in the Adequacy of Nuclear Plant Decommissioning Funding

    International Nuclear Information System (INIS)

    Williams, D. G.

    2002-01-01

    Concerned about the potential cost and sufficiency of funds to decommission the nation's nuclear power plants, the Congress asked the U.S. General Accounting Office (GAO) to assess the adequacy, as of December 31, 1997, of electric utilities'; funds to eventually decommission their plants. GAO's report (GAO/RCED-99-75) on this issue addressed three alternative assumption scenarios--baseline (most likely), optimistic, and pessimistic; and was issued in May 1999. This paper updates GAO's baseline assessment of fund adequacy in 1997, and extends the analysis through 2000. In 2000, we estimate that the present value cost to decommission the nation's nuclear plants is about $35 billion; utility fund balances are about $29 billion. Both our two measures of funding adequacy for utilities are on average not only much above ideal levels, but also overall have greatly improved since 1997. However, certain utilities still show less than ideal fund balances and annual contributions. We suggest that the range of these results among the individual utilities is a more important policy measure to assess the adequacy of decommissioning funding than is the funding adequacy for the industry as a whole

  14. Financial precautions for the decommissioning and dismantling of nuclear facilities

    International Nuclear Information System (INIS)

    Lukes, R.; Salje, P.; Feldmann, F.J.

    1978-01-01

    Starting from the fact that the disposal of nuclear-technical plants requires considerable means, the article asks if the financial guarantee for decommissioning and disposal should be requested before giving the licence. He shows the possibilities to ensure financial provisions and to describe their advantages and disadvantages. Planned decommissioning is dealt with separately from unplanned, decommissioning. (UN) [de

  15. Regulations concerning liability, financial security, and the financing of decommissioning

    International Nuclear Information System (INIS)

    Mutschler, U.

    1991-01-01

    It is self-evident that any sensible reform in the area of liability has to work from the concern for the protection of the injured parties. After the introduction of unlimited liability in 1985 the only remaining starting point for improving the position of an assumed injured partly is that of provision of funds. In view of the responsibility of the respective consative parties for the spheres concerned it is the task of the state and the industry to raise sufficient provision funds to meet the requirements for the protection of the injured parties. Prompted by the existence of corresponding models in foreign legal systems, decommissioning provisions have been discovered as a new field of atomic energy law requiring regularization. Model considerations on how to improve decommissioning provisions show that legislative action is not required to achieve the desired aim. Financial provisions are regularizable solely on the basis of the law in force. Changes are required neither in atomic energy law nor in commercial law nor in tax law. (orig./HSCH) [de

  16. 10 CFR 72.30 - Financial assurance and recordkeeping for decommissioning.

    Science.gov (United States)

    2010-01-01

    ... cash or liquid assets such that the amount of funds would be sufficient to pay decommissioning costs... plan containing information on how reasonable assurance will be provided that funds will be available... and a description of the method of assuring funds for decommissioning from paragraph (c) of this...

  17. State fund of decommissioning of nuclear installations and handling of spent nuclear fuels and nuclear wastes (Slovak Republic)

    International Nuclear Information System (INIS)

    Kozma, Milos

    2006-01-01

    State Fund for Decommissioning of Nuclear Installations and Handling of Spent Nuclear Fuels and Nuclear Wastes was established by the Act 254/1994 of the National Council of the Slovak Republic as a special-purpose fund which concentrates financial resources intended for decommissioning of nuclear installations and for handling of spent nuclear fuels and radioactive wastes. The Act was amended in 2000, 2001 and 2002. The Fund is legal entity and independent from operator of nuclear installations Slovak Power Facilities Inc. The Fund is headed by Director, who is appointed and recalled by Minister of Economy of the Slovak Republic. Sources of the Fund are generated from: a) contributions by nuclear installation operators; b) penalties imposed by Nuclear Regulatory Authority of the Slovak Republic upon natural persons and legal entities pursuant to separate regulation; c) bank credits; d) interest on Fund deposits in banks; e) grants from State Budget; f) other sources as provided by special regulation. Fund resources may be used for the following purposes: a) decommissioning of nuclear installations; b) handling of spent nuclear fuels and radioactive wastes after the termination of nuclear installation operation; c) handling of radioactive wastes whose originator is not known, including occasionally seized radioactive wastes and radioactive materials stemming from criminal activities whose originator is not known, as confirmed by Police Corps investigator or Ministry of Health of the Slovak Republic; d) purchase of land for the establishment of nuclear fuel and nuclear waste repositories; e) research and development in the areas of decommissioning of nuclear installations and handling of nuclear fuels and radioactive wastes after the termination of the operation of nuclear installations; f) selection of localities, geological survey, preparation, design, construction, commissioning, operation and closure of repositories of spent nuclear fuels and radioactive wastes

  18. The regulatory system governing liability, financial security, and the funding of decommissioning

    International Nuclear Information System (INIS)

    Pelzer, N.

    1991-01-01

    Principally speaking, the nuclear liability law and the law on financial security constitute a modern system determining indemnification for nuclear damage with due regard to the risks concerned. This holds especially since the introduction of the unlimited financial liability of the owner. The question as to the security through available financial means is of foremost importance: at present the German insurance market can cover up to 500 million DM, another 500 million DM could be provided by a civil-law nuclear liability insurance company; thus the proposal to raise private provision finds to 1 billion DM. Indemnification through the state could consist in a loan for the liable party. As yet there is no obligation under atomic energy law to make provisions for the decommissioning of nuclear installations. Even if negotiations with the industry lead to satisfactory results, a legislative bridge, i.e. regularization through law, is not wholly dispensable and can be realized in various ways: as a precondition for the issue of a licence or as a specific obligation of the operator under atomic energy law. (orig./HSCH) [de

  19. United States Department of Energy, Office of Environmental Management, Uranium Enrichment Decontamination and Decomissioning Fund financial statements, September 30, 1996 and 1995

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-05-01

    The Energy Policy Act of 1992 (Act) established the Uranium Enrichment Decontamination and Decommissioning Fund (D and D Fund, or Fund) to pay the costs for decontamination and decommissioning three gaseous diffusion facilities located in Oak Ridge, Tennessee; Paducah, Kentucky; and Portsmouth, Ohio (diffusion facilities). The Act also authorized the Fund to pay remedial action costs associated with the Government`s operation of the facilities and to reimburse uranium and thorium licensees for the costs of decontamination, decommissioning, reclamation, and other remedial actions which are incident to sales to the Government. The report presents the results of the independent certified public accountants` audit of the D and D Fund financial statements as of September 30, 1996. The auditors have expressed an unqualified opinion on the 1996 statement of financial position and the related statements of operations and changes in net position and cash flows.

  20. Decontamination and Decommissioning at Small Nuclear Facilities: Facilitating the Submission of Decommissioning Funding Plans

    International Nuclear Information System (INIS)

    Minor, D.A.; Grumbles, A.

    2009-01-01

    This paper describes the efforts of the Washington State Department of Health to ensure that small nuclear facilities have the tools each needs to submit Decommissioning Funding Plans. These Plans are required by both the U.S. Nuclear Regulatory Commission (NRC) and in some states - in the case of Washington state, the Washington State Department of Health is the regulator of radioactive materials. Unfortunately, the guidance documents provided by the U.S. NRC pertain to large nuclear facilities, such as nuclear fuel fabrication plants, not the small nuclear laboratory nor small nuclear laundry that may also be required to submit such Plans. These small facilities are required to submit Decommissioning Funding Plans by dint of their nuclear materials inventory, but have only a small staff, such as a Radiation Safety Officer and few authorized users. The Washington State Department of Health and Attenuation Environmental Company have been working on certain tools, such as templates and spreadsheets, that are intended to assist these small nuclear facilities prepare compliant Decommissioning Funding Plans with a minimum of experience and effort. (authors)

  1. Funding schemes in OECD countries for future decommissioning of nuclear power

    International Nuclear Information System (INIS)

    Stevens, G.H.; Yasui, M.

    1993-01-01

    This paper provides a brief overview of the funding schemes for decommissioning implemented in selected OECD countries. The scope of this paper includes only the schemes for future decommissioning costs of private company's nuclear power plants. Countries such as Finland, Spain and Sweden have an official funding scheme, in which the government fixes the amount of money to be put aside, specifies a funding scheme and control the fund. In Belgium and Usa, the government do the same but leaves the management of the fund to the facility owners or external organization. In Canada, France, Germany, Italy, Japan, Netherlands and UK, there is no official funding scheme

  2. Administrative requirements of financial securities to cover decommissioning operations

    International Nuclear Information System (INIS)

    Sanchez, J.L.

    1983-01-01

    This paper points out that the lack of experience in decommissioning of nuclear power plants is reflected by the absence of specific legislation regarding the economic, fiscal and accounting aspects of the process. The author suggests that a fund be created for decommissioning costs through contributions deriving from plant operation. The paper analyses the procedures to be followed and draws attention to the need for clear legislation on decommissioning. (NEA) [fr

  3. An outsider's view of decommissioning

    International Nuclear Information System (INIS)

    Wilkie, T.

    1996-01-01

    The decommissioning of nuclear facilities is not just a technical or even a financial issue. Presenting decommissioning as a technically difficult task overcome by superhuman effort on the part of the industry will not gain much credit amongst sophisticated consumers who now require that any complex technology will work and work safely. Any engineering problems are surmountable given the money to find the solution. Some of the financial aspects of decommissioning are worrying, however, given their open-ended nature. The cost of waste disposal is one of these. Despite a lapse of fifty years since the start-up of its first reactor, the United Kingdom is unlikely to have available a repository for the disposal of intermediate level waste until about 2020. Waste disposal is a large consideration in decommissioning and the industry's forecasts of cost in this area lack credibility in the light of a poor track record in financial prediction. Financial engineering in the form of the segregated fund set up in March 1996 to cover the decommissioning of nuclear power stations in the United Kingdom is likely to provide only short term reassurance in the light of doubts about a credible future for nuclear power. This lack of confidence over the wider problems of nuclear power creates particular problems for decommissioning which go beyond technical difficulties and complicate financial considerations. (UK)

  4. Costing for decommissioning: Continuing NEA engagement

    International Nuclear Information System (INIS)

    Gillogly, Mari; Weber, Inge; ); Siemann, Michael; )

    2017-01-01

    On 20-21 September 2016, the International Conference on Financing of Decommissioning of nuclear power plants was held in Stockholm, Sweden. The conference focused on the exchange and sharing of information on current and emerging issues in the financing of nuclear power plant decommissioning and the underlying costs of decommissioning. It aimed at providing a good picture of the variety of financing systems in place to cover the costs of decommissioning of nuclear facilities. As an increasing number of nuclear reactors are expected to be permanently shut-down and enter into the decommissioning phase, the conference highlighted challenges for financing and delivering these decommissioning activities and explored the ways in which they were being addressed. This also included consideration of the implications of potentially under-funded or uncertain decommissioning liabilities. The insights gained in the course of the conference informed future development of work on these issues. The conference addressed a variety of issues from a range of perspectives under three main themes: financing systems - the variety of financing systems in place to provide the financial resources needed for decommissioning, including the arrangements for collecting and developing financial resources during operation and drawing down the assets during decommissioning activities, as well as oversight and reporting issues; decommissioning costing - understanding the cost estimates, quality and interpretation issues in decommissioning costing, the challenges of assurance, comparisons of estimates and actual costs, exploring ways to remedy the current lack of comparable actual cost data, possible benchmarking, etc.; [financial] risk management - effective management of financial assets, risk management strategies, the changing of markets and investment strategies for financial assets, balancing the rates of return and the reduction of risk, implications of the major changes in the energy and

  5. Economic aspects of decommissioning

    International Nuclear Information System (INIS)

    Jenne, C.

    1988-01-01

    Two viewpoints on decommissioning are quoted; the first suggests that decommissioning can be viewed as a technical detail that is of limited relevance whereas the second suggests that decommissioning is a key financial issue. Both are specifically relevant to United Kingdom nuclear power stations. This paper attempts to reconcile the two views. It suggests that decommissioning does raise some important issues for regulation and financing of a privatised industry but, despite this, the economics of nuclear do remain insensitive. The paper begins by examining the significance of decommissioning costs in a number of contexts, including nuclear unit generating costs and financing requirements. It then addresses the degree of uncertainty in the decommissioning cost estimates. With privatisation on the horizon, the paper considers the significance of decommissioning and the associated uncertainty for the investor; this last section considers regulatory issues raised in relation to funding, accounting policy and electricity pricing. (author)

  6. Reducing market distortions by setting harmonized standards for decommissioning and waste management funds in Europe

    International Nuclear Information System (INIS)

    Irrek, W.

    2002-01-01

    There are significant differences in the operation and accessibility of decommissioning and waste management funds in Europe. The diverging standards for these funds cause substantial market distortions and discrimination between competing electricity producers. Although there are different views regarding the question, if provisions for decommissioning and final waste disposal constitute prohibited state aid within the meaning of Article 87 (1) EC Treaty, and although the decommissioning and waste management funds is not a new issue, the liberalisation process across the EU means that this issue is one which must be addressed quickly by EU and national policy. (author)

  7. Ordinance of 5 December 1983 concerning funds for the decommissioning of nuclear installations

    International Nuclear Information System (INIS)

    1983-01-01

    This Ordinance (RS 732.013) which entered into force on 1 January 1984 establishes a fund for the financing of decommissioning activities which was provided for by the Federal Order of 1978 concerning the Atomic Energy Act. This fund is destined to finance these operations. Nuclear operators are obliged to make annual contributions which are calculated to cover the costs which each one of them expects to encounter at the time of decommissioning. (NEA) [fr

  8. Nuclear power plant decommissioning: an unresolved problem

    International Nuclear Information System (INIS)

    Pollock, C.

    1987-01-01

    In 1984, the Critical Mass Energy Project asserted that at least 11 US reactors had gone through one-third of their operating lives without collecting any decommissioning funds and that nationwide only $600 million had been collected. This lack of financial planning prompted 10 states to require mandatory periodic deposits into external accounts: California, Colorado, Connecticut, Maine, Massachusetts, Mississippi, New Hampshire, Pennsylvania, Vermont, and Wisconsin. Setting aside decommissioning funds is essential in every country that uses nuclear power. Regardless of a nation's future energy plans, existing plants must eventually be scrapped. Just as today's cities would not be habitable without large fleets of garbage trucks and extensive landfills, the international nuclear industry is not viable without a sound decommissioning strategy. Thirty years after the first nuclear plant started producing electricity, such a strategy has yet to be formulated. More than 500 reactors, including those currently under construction, will have to be decommissioned. Preparing to safely retire these plants requires aggressive, well-funded research and development programs, policy makers willing to tackle unpleasant, long-term problems, and robust retirement accounts funded by today's utility customers

  9. Estimating of funding levels for decommissioning

    International Nuclear Information System (INIS)

    Sieving, K.W.

    1985-01-01

    In order to meet its public service obligations, an electric utility must attain the following objectives: Recognize future power requirements early, and take appropriate actions to satisfy them; Construct new generating, transmission and distribution facilities in a timely and economical manner; Operate its facilities safely, and maintain them without decreasing the quality and reliability of service. In the case of a nuclear electric generating station, the third objective includes the obligation to decommission the station following shutdown at the end of its useful life and to dispose of residual radioactivity in accordance with Nuclear Regulatory Commission guidelines, as a part of the process of terminating the NRC license. In the case of an investor-owned electric utility, the third objective includes the additional duty to estimate the cost of decommissioning for ratemaking purposes, since the funds required for this future event must be collected over the life of the generating station from the consumers who enjoy the benefits of its output. This article deals with these issues

  10. U.S. nuclear decommission trust planning: Romancing a millstone?

    International Nuclear Information System (INIS)

    Rohrbach, J.

    1995-01-01

    Nuclear utilities face unknown financial liabilities for plant decommissioning that exceed the value of present trust fund collections. The situation is a strong bet to get worse than better. Will cost escalation experienced in construction recur in decomissioning? If so, then many Nuclear Decommissioning Trusts (NDTs) are underfunded in real terms. The full consequence of an unfunded liability recognized in the later years of operation will be a ratcheting of collection rates to catch up to the revised decommission estimate. NDT planning should incorporate a conservative set of assumptions based on US experience. An NDT should be treated as a trust fund and not a pay-more-as-you-go fund. Levelization of payments will provide some added earnings and more cash in the NDT fund should a reactor not reach its expected life of 40 years. Facing up to the problem and potential remedial action now is imperative

  11. Financial aspects of decommissioning (key aspects of decommissioning costing)

    International Nuclear Information System (INIS)

    Danska, V.

    2009-01-01

    In this presentation the following aspects of NPPs decommissioning are discussed: Requirements and purpose of decommissioning costing; Decommissioning costing methodologies; Standardised decommissioning cost structure; Input data for cost estimate process; Waste management in cost estimate process; Grading aspects in cost estimating; Cost control in decommissioning projects; Summary of the cost estimation process; Conclusions and recommendations.

  12. Regulations by the DFTCE concerning the Fund for the decommissioning of nuclear installations

    International Nuclear Information System (INIS)

    1985-02-01

    These Regulations were made by the Federal Ministry of Transport, Communications and Energy in implementation of the Ordinance of 5 December 1983 establishing a fund for the decommissioning of nuclear installations. They specify the way in which nuclear operators must contribute to the fund and the method for calculating the contributions. The costs of decommissioning also include dismantling and disposal of the resulting waste. The Regulations entered into force retroactively, on 1 January 1984, on the same date as the 1983 Ordinance. (NEA) [fr

  13. Funding in Spain

    International Nuclear Information System (INIS)

    Santiago, Juan Luis

    2006-01-01

    billing throughout the entire electricity sector. For other producers, tariffs for services rendered. General Radioactive Plan (June 2004 Rev.), Economic and Financial Aspects: The total amount obtained electricity tariff, plus the corresponding financial yield, shall cover the following costs: The management of radioactive wastes generated during electricity production by nuclear means from the origin. The management of radioactive wastes arising from research activities that, in the opinion of the Ministry of Economy, have been directly related to electricity production by nuclear means. The D and D of nuclear electricity generating facilities, as well as management of the resulting radioactive wastes. The D and D operations carried out as a result of uranium mining and milling activities performed prior to the constitution of ENRESA Other costs to be incurred by ENRESA for the performance of its missions in relation to the activities set out above. Financial Parameters: The Fund has to be provided during the operating lifetime of the nuclear power plants. The Fund includes provisions for waste/spent fuel management and decommissioning. The Fund required is based on Discounted Costs (Base Year: 1999, Inflation Rate: 2%, Discount Rate: 2.5%)

  14. Planning the Decommissioning of Research Reactors

    Energy Technology Data Exchange (ETDEWEB)

    Podlaha, J., E-mail: pod@ujv.cz [Nuclear Research Institute Rez, 25068 Rez (Czech Republic)

    2013-08-15

    In the Czech Republic, three research nuclear reactors are in operation. According to the valid legislation, preliminary decommissioning plans have been prepared for all research reactors in the Czech Republic. The decommissioning plans shall be updated at least every 5 years. Decommissioning funds have been established and financial resources are regularly deposited. Current situation in planning of decommissioning of research reactors in the Czech Republic, especially planning of decommissioning of the LVR-15 research reactor is described in this paper. There appeared new circumstances having wide impact on the decommissioning planning of the LVR-15 research reactor: (1) Shipment of spent fuel to the Russian Federation for reprocessing and (2) preparation of processing of radioactive waste from reconstruction of the VVR-S research reactor (now LVR-15 research reactor). The experience from spent fuel shipment to the Russian Federation and from the process of radiological characterization and processing of radioactive waste from reconstruction of the VVR-S research reactor (now the LVR-15 research reactor) and the impact on the decommissioning planning is described in this paper. (author)

  15. R and D and Innovation Needs for Decommissioning Nuclear Facilities

    International Nuclear Information System (INIS)

    Farr, Harvey; LaGuardia, Thomas S.

    2014-01-01

    Nuclear decommissioning activities can greatly benefit from research and development (R and D) projects. This report examines applicable emergent technologies, current research efforts and innovation needs to build a base of knowledge regarding the status of decommissioning technology and R and D. This base knowledge can be used to obtain consensus on future R and D that is worth funding. It can also assist in deciding how to collaborate and optimise the limited pool of financial resources available among NEA member countries for nuclear decommissioning R and D. (authors)

  16. Nuclear reactor decommissioning: an analysis of the regulatory environments

    International Nuclear Information System (INIS)

    Cantor, R.

    1986-08-01

    In the next several decades, the electric utility industry will be faced withthe retirement of 50,000 megawatts (mW) of nuclear capacity. Responsibility for the financial and technical burdens this activity entails has been delegated to the utilities operating the reactors. However, the operators will have to perform the tasks of reactor decommissioning within the regulatory environment dictated by federal, state and local regulations. The purpose of this study was to highlight some of the current and likely trends in regulations and regulatory practices that will significantly affect the costs, technical alternatives and financing schemes encountered by the electric utilities and their customers. To identify significant trends and practices among regulatory bodies and utilities, a reviw of these factors was undertaken at various levels in the regulatory hierarchy. The technical policies were examined in reference to their treatment of allowed technical modes, restoration of the plant site including any specific recognition of the residual radioactivity levels, and planning requirements. The financial policies were examined for specification of acceptable financing arrangements, mechanisms which adjust for changes in the important parameters used to establish the fund, tax and rate-base treatments of the payments to and earnings on the fund, and whether or not escalation and/or discounting were considered in the estimates of decommissioning costs. The attitudes of regulators toward financial risk, the tax treatment of the decommissioning fund, and the time distribution of the technical mode were found to have the greatest effect on the discounted revenue requirements. Under plausible assumptions, the cost of a highly restricted environment is about seven times that of the minimum revenue requirement environment for the plants that must be decommissioned in the next three decades

  17. New iteration of decommissioning program for NPP Krsko

    International Nuclear Information System (INIS)

    Lokner, V.; Levanat, I.; Rapic, A.; Zeleznik, N.; Mele, I.; Jenko, T.

    2004-01-01

    As required by the paragraph 10 of the Agreement between the governments of Slovenia and Croatia on status and other legal issues related to investment, exploitation, and decommissioning of Nuclear power plant Krsko, Decommissioning program for Krsko NPP including LILW and spent fuel management was drafted. The Intergovernmental body required that the Program should be extensive revision of existing program as one of several iterations to be prepared before the final version. The purpose of the Program is to estimate the expenses of the future decommissioning, radioactive waste and spent fuel management for Krsko NPP. Costing estimation would be the basis for establishment of a special fund in Croatia and for adjustment of the annual rates for the existing decommissioning fund in Slovenia. The Program development was entrusted to specialized organizations both in Croatia and Slovenia, which formed the Project team as the operative body. Consulting firms from Croatia and Slovenia were involved as well as experts from the International Atomic Energy Agency (through short visits to Zagreb and Ljubljana) for specialized fields (e.g. economic aspects of decommissioning, pre-feasibility study for spent fuel repository in crystalline rock, etc.). The analysis was performed in several steps. The first step was to develop rational and feasible integral scenarios (strategies) of decommissioning and LILW and spent fuel management on the basis of detailed technical analysis and within defined boundary conditions. Based on technological data, every scenario was attributed with time distribution of expenses for all main activities. In the second step, financial analysis of the scenarios was undertaken aiming at estimation of total discounted expense and the related annuity (19 installments to the single fund, empty in 2003) for each of the scenarios. The third step involves additional analysis of the chosen scenarios aiming at their (technical or financial) improvements even at

  18. Decommissioning and disposal costs in Switzerland

    International Nuclear Information System (INIS)

    Zurkinden, Auguste

    2003-01-01

    Introduction Goal: Secure sufficient financial resources. Question: How much money is needed? Mean: Concrete plans for decommissioning and waste disposal. - It is the task of the operators to elaborate these plans and to evaluate the corresponding costs - Plans and costs are to be reviewed by the authorities Decommissioning Plans and Costs - Comprise decommissioning, dismantling and management (including disposal) of the waste. - New studies 2001 for each Swiss nuclear power plant (KKB 2 x 380 MWe, KKM 370 MWe, KKG 1020 MWe, KKL 1180 MWe). - Studies performed by NIS (D). - Last developments taken into account (Niederaichbach, Gundremmingen, Kahl). Decommissioning: Results and Review Results: Total cost estimates decreasing (billion CHF) 1994 1998 2001 13.7 13.1 11.8 Lower costs for spent fuel conditioning and BE/HAA/LMA repository (Opalinus Clay) Split in 2025: 5.6 bil. CHF paid by NPP 6.2 billion CHF in Fund Review: Concentrates on disposal, ongoing

  19. Collection and sharing of data and experience from EC-funded decommissioning projects

    International Nuclear Information System (INIS)

    Pflugrad, K.; Colquhoun, A.P.; Schreck, G.; Huske, M.; Petrasch, P.; Tuenckens, L.R.J.

    1999-01-01

    The European Commission's Fourth Framework Programme (1994-1998) on Nuclear Fission Safety includes the funding of projects relevant to the decommissioning of nuclear installations. The objectives of the programme for decommissioning are to continue the development of technology (a) to collect and analyse relevant data (b) to test and evaluate strategies and techniques and to stimulate the exchange of information and experience. Objective (b) involves related projects aimed at collecting and analysing data from past, current and future EC programmes and making them understandable and readily available in databases as well as studying how these and other databases might be integrated in a decommissioning strategic planning tool (SPT). This aims to assist EU organizations in making strategic choices for optimizing decommissioning programmes. This paper gives an update on database work, a progress report on the development of an EU access network and work on the standardization of cost item definitions. Progress on the SPT study is reviewed. (author)

  20. New version of NPP Krsko Decommissioning program and LILW and spent fuel management

    International Nuclear Information System (INIS)

    Zeleznik, N.; Mele, I.; Jenko, T.; Lokner, V.; Levanat, I.; Rapic, A.

    2004-01-01

    According to the requirements of the bilateral agreement between Republic of Slovenia and Republic of Croatia on the legal and other obligations for Nuclear power plant (NPP) Krsko the Decommissioning program was prepared. The main purpose of the program was to estimate the overall expenses of the future decommissioning, radioactive waste and spent fuel management of the NPP Krsko in order to establish separate fund in Croatia and to correct the rate per kWh collected in the existing decommissioning fund in Slovenia. The program looked at all possible scenarios of dismantling, radioactive waste and spent fuel management and proposed the most plausible two scenarios which are technically possible and financially feasible. (author)

  1. Study on the Development of Methodology for Cost Calculations and Financial Planning of Decommissioning Operations

    International Nuclear Information System (INIS)

    2001-12-01

    The following study deals with the development of methodology for cost calculations and financial planning of decommissioning operations. It has been carried out by EDF / FRAMATOME / VUJE / SCK-CEN in the frame of the contract B7-032/2000/291058/MAR/C2 awarded by the European Commission. This study consists of 4 parts. The first task objective is to develop a reliable and transparent methodology for cost assessment and financial planning sufficient precise but without long and in depth investigations and studies. This methodology mainly contains: Calculation methods and algorithms for the elaboration of costs items making up the whole decommissioning cost. Estimated or standard values for the parameters and for the cost factors to be used in the above-mentioned algorithms Financial mechanism to be applied as to establish a financial planning. The second part task is the provision of standard values for the different parameters and costs factors described in the above-mentioned algorithms. This provision of data is based on the own various experience acquired by the members of the working team and on existing international references (databases, publications and reports). As decommissioning operations are spreading over several dozens of years, the scope of this task the description of the financial mechanisms to be applied to the different cost items as to establish a complete financial cost. It takes into account the financial schedule issued in task 1. The scope of this task consists in bringing together in a guideline all the information collected before: algorithms, data and financial mechanisms. (A.L.B.)

  2. 76 FR 67021 - Community Development Financial Institutions Fund

    Science.gov (United States)

    2011-10-28

    ... DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Proposed Collection...)). Currently, the Community Development Financial Institutions Fund (the ``CDFI Fund'') within the Department... Development Financial Institutions Fund, U.S. Department of the Treasury, 601 13th Street NW., Suite 200 South...

  3. Financial Literacy and Mutual Fund Investments : Who Buys Actively Managed Funds?

    OpenAIRE

    Müller, Sebastian; Weber, Martin

    2008-01-01

    Previous research indicates that lacking financial sophistication among private investors might be important in explaining the strong growth in active management over the past. Based on questionnaire data with more than 3,000 mutual fund customers, we therefore construct an objective financial literacy score and analyze the relationship between financial literacy and mutual fund investment behavior. While sophisticated investors are indeed more aware of passive, low cost fund alternatives lik...

  4. Decommissioning reserve funds problem for the energy conversion policy in Germany

    International Nuclear Information System (INIS)

    Kusuno, Sadao

    2016-01-01

    Germany is planning to close all nuclear power plants by 2022. 'Nuclear power phase-out' policy has been decided before the Fukushima accident in 2011. Author considered the background of the 'nuclear power phase-out', and analyzed for the decommissioning reserve fund, which is one of the facing issues. Immediately after the Fukushima accident, Merkel government has decided the temporary stop of the eight nuclear plants, and subsequent closure. Moreover, in the report from the Ethics Commission for a Safe Energy Supply 'Germany's energy transition-A collective project for the future' (May 2011), step-by-step abolition from nuclear energy use is 'a very big challenge for all concerned parties'. The German government confirmed that there is enough reserve funds in the nuclear operators for the 'nuclear power phase-out'. The nuclear operators have been taken even legal measures that cannot give up the responsibility of the funding. The reserve funds are appropriated for decommissioning and the subsequent long-term disposal. As a main item of the safety priority, transparent and fair procedures, 'polluter pays principle' which are based on scientific evidence, waste disposal sites are planned to be completed until 2023. In addition, against the German government, the nuclear operators have filed a payment of compensation and court proceedings on the suspension orders before the reactor life is exhausted. (N.T.)

  5. Substantial Variability Exists in Utilities' Nuclear Decommissioning Funding Adequacy: Baseline Trends (1997-2001); and Scenario and Sensitivity Analyses (Year 2001)

    International Nuclear Information System (INIS)

    Williams, D. G.

    2003-01-01

    This paper explores the trends over 1997-2001 in my baseline simulation analysis of the sufficiency of electric utilities' funds to eventually decommission the nation's nuclear power plants. Further, for 2001, I describe the utilities' funding adequacy results obtained using scenario and sensitivity analyses, respectively. In this paper, I focus more on the wide variability observed in these adequacy measures among utilities than on the results for the ''average'' utility in the nuclear industry. Only individual utilities, not average utilities -- often used by the nuclear industry to represent its funding adequacy -- will decommission their nuclear plants. Industry-wide results tend to mask the varied results for individual utilities. This paper shows that over 1997-2001, the variability of my baseline decommissioning funding adequacy measures (in percentages) for both utility fund balances and current contributions has remained very large, reflected in the sizable ranges and frequency distributions of these percentages. The relevance of this variability for nuclear decommissioning funding adequacy is, of course, focused more on those utilities that show below ideal balances and contribution levels. Looking backward, 42 of 67 utility fund (available) balances, in 2001, were above (and 25 below) their ideal baseline levels; in 1997, 42 of 76 were above (and 34 below) ideal levels. Of these, many utility balances were far above, and many far below, such ideal levels. The problem of certain utilities continuing to show balances much below ideal persists even with increases in the adequacy of ''average'' utility balances

  6. Standard format and content of financial assurance mechanisms required for decommissioning under 10 CFR parts 30, 40, 70, and 72

    International Nuclear Information System (INIS)

    1990-06-01

    The purpose of this regulatory guide, ''Standard Format and Content of Financial Assurance Mechanisms Required for Decommissioning Under 10 CFR Parts 30, 40, 70, and 72,'' is to provide guidance acceptable to the NRC staff on the information to be provided for establishing financial assurance for decommissioning and to establish a standard format for presenting the information. Use of the standard format will help ensure that the financial instruments contain the information required by 10 CFR Parts 30, 40, 70, and 72; aid the applicant and NRC staff in ensuring that the information is complete; and help persons reading the financial instruments to locate information. This guide address financial assurance for decommissioning of facilities under materials licenses granted under Parts 30, 40, 70, and 72. These parts include licensees in the following categories: Part 30, Byproduct Material; Part 40, Source Material; Part 70, Special Nuclear Material; and Part 72, Independent Spent Fuel Storage Installations

  7. Decommissioning nuclear power plants. Policies, strategies and costs

    International Nuclear Information System (INIS)

    2003-01-01

    The decommissioning of nuclear power plants is a topic of increasing interest to governments and the industry as many nuclear units approach retirement. It is important in this context to assess decommissioning costs and to ensure that adequate funds are set aside to meet future financial liabilities arising after nuclear power plants are shut down. Furthermore, understanding how national policies and industrial strategies affect those costs is essential for ensuring the overall economic effectiveness of the nuclear energy sector. This report, based upon data provided by 26 countries and analysed by government and industry experts, covers a variety of reactor types and sizes. The findings on decommissioning cost elements and driving factors in their variance will be of interest to analysts and policy makers in the nuclear energy field. (author)

  8. Study on the financing mechanism and management for decommissioning of nuclear installations in Malaysia

    International Nuclear Information System (INIS)

    Saleh, Lydia Ilaiza; Ryong, Kim Tae

    2015-01-01

    The whole cycle of the decommissioning process development of repository requires the relevant bodies to have a financial system to ensure that it has sufficient funds for its whole life cycle (over periods of many decades). Therefore, the financing mechanism and management system shall respect the following status: the national position, institutional and legislative environment, technical capabilities, the waste origin, ownership, characteristics and inventories. The main objective of the studies is to focus on the cost considerations, alternative funding managements and mechanisms, technical and non-technical factors that may affect the repository life-cycle costs. As a conclusion, the outcomes of this paper is to make a good recommendation and could be applied to the national planners, regulatory body, engineers, or the managers, to form a financial management plan for the decommissioning of the Nuclear Installation

  9. Study on the financing mechanism and management for decommissioning of nuclear installations in Malaysia

    Energy Technology Data Exchange (ETDEWEB)

    Saleh, Lydia Ilaiza, E-mail: lydiailaiza@gmail.com; Ryong, Kim Tae [KEPCO International Nuclear Graduate School (KINGS) 658-91 Haemaji-ro, Seosaeng-myeon, Ulju-gun, Ulsan 689-882 (Korea, Republic of)

    2015-04-29

    The whole cycle of the decommissioning process development of repository requires the relevant bodies to have a financial system to ensure that it has sufficient funds for its whole life cycle (over periods of many decades). Therefore, the financing mechanism and management system shall respect the following status: the national position, institutional and legislative environment, technical capabilities, the waste origin, ownership, characteristics and inventories. The main objective of the studies is to focus on the cost considerations, alternative funding managements and mechanisms, technical and non-technical factors that may affect the repository life-cycle costs. As a conclusion, the outcomes of this paper is to make a good recommendation and could be applied to the national planners, regulatory body, engineers, or the managers, to form a financial management plan for the decommissioning of the Nuclear Installation.

  10. The Canadian Nuclear Safety Commission regulatory process for decommissioning a uranium mining facility

    International Nuclear Information System (INIS)

    Scissons, K.; Schryer, D.M.; Goulden, W.; Natomagan, C.

    2002-01-01

    The Canadian Nuclear Safety Commission (CNSC) regulates uranium mining in Canada. The CNSC regulatory process requires that a licence applicant plan for and commit to future decommissioning before irrevocable decisions are made, and throughout the life of a uranium mine. These requirements include conceptual decommissioning plans and the provision of financial assurances to ensure the availability of funds for decommissioning activities. When an application for decommissioning is submitted to the CNSC, an environmental assessment is required prior to initiating the licensing process. A case study is presented for COGEMA Resources Inc. (COGEMA), who is entering the decommissioning phase with the CNSC for the Cluff Lake uranium mine. As part of the licensing process, CNSC multidisciplinary staff assesses the decommissioning plan, associated costs, and the environmental assessment. When the CNSC is satisfied that all of its requirements are met, a decommissioning licence may be issued. (author)

  11. The financial position and funding of French non-financial corporations

    OpenAIRE

    G. Cette.; J.-P. Villetelle.

    2015-01-01

    This study, based on recent company statistics from national accounts and financial statements, shows a deterioration in the financial position of French non-financial corporations. This is affecting their performances and is prompting them to diversify their sources of funding in order to rationalise their financial structure.

  12. 77 FR 37742 - Community Development Financial Institutions Fund

    Science.gov (United States)

    2012-06-22

    ... DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Funding Opportunity... pending for assistance under the FY 2012 round of the Community Development Financial Institutions Program... of the BEA Program. The BEA Program is administered by the Community Development Financial...

  13. Financial Crisis and Corporate Social Responsible Mutual Fund Flows

    Directory of Open Access Journals (Sweden)

    Sitikantha Parida

    2018-01-01

    Full Text Available In this paper, we investigate investment flows into mutual funds that hold more high corporate social responsible stocks (top CSR funds vs. mutual funds that hold more low corporate social responsible stocks (bottom CSR funds. Using a large sample of equity mutual funds spanning 2003–2012, we find that top CSR funds on average receive about 5% less investment per annum compared to the other funds; whereas bottom CSR funds receive about 5.6% more investments. These relative negative and positive flows into the top and bottom CSR funds respectively were larger during the pre-financial crisis period (2003–2007. This trend, however, reversed during the financial crisis (2008–2009. Top CSR funds attracted about 8.7% more investments during the financial crisis compared to the pre-crisis period; whereas bottom CSR funds received about 9.8% less investment. This higher investment into the top CSR funds during the crisis seems to have disappeared during the post-crisis period (2009–2012. Additional analysis shows that the corporate social ratings of top CSR funds improved through the crisis, whereas it deteriorated for the bottom CSR funds. Our findings are consistent with the “flight to quality” phenomenon observed in financial markets during market crises, indicating that investors perceive top CSR fund investments as relatively safe or of higher quality and hence, invest more in them during financial crises.

  14. Decommissioning of AECL Whiteshell Laboratories: progress from first five years of legacy funding

    International Nuclear Information System (INIS)

    Swartz, R.S.; Bilinsky, D.M.; Harding, J.W.; Ridgway, W.R.

    2011-01-01

    In 2006, the Government of Canada adopted a new long-term strategy to deal with the nuclear legacy liabilities and initiated a five-year start-up phase. The objective is to safely and cost-effectively reduce these liabilities, and associated risks, based on sound waste management and environmental principles in the best interests of Canadians. AECL's Whiteshell Laboratories is part of the long-term strategy and decommissioning activities are underway. Several redundant non-nuclear buildings have been removed/decommissioned, and redundant nuclear facilities (hot cell facilities, radiochemical laboratories) are being decontaminated and prepared for demolition. This paper describes the progress in the first five-year funding period (2006 April to 2011 March). (author)

  15. Management of Existing Funding Systems in Switzerland

    International Nuclear Information System (INIS)

    Maxeiner, H.

    2006-01-01

    1 - Funds for D and D and Waste disposal: Producers pay principle: Producers of radioactive waste are responsible for financing its safe disposal. Two independent funds supervised by the Confederation: Decommissioning fund for nuclear facilities (Secure financial resources for D and D and for disposal of the resulting waste (not SF), Established January 1, 1984 as a public law entity, Berne); Disposal fund for nuclear power plants (Cover costs for management of operational waste and SF after decommissioning, Established April 1, 2000, Repositories: 2020 - 2050). Decommissioning fund: Calculation of contributions based on Estimated D and D costs (taking account of cost development (first studies 1984, latest studies 2000/2001), Disposal of waste arising from D and D, Administration costs Latest decommissioning studies: Costs amount to 1.9 Billion CHF; Annual contributions based on 40 years operation time. Disposal fund: Calculation of contributions based on Management of operational waste and SF following the decommissioning, Transport/storage containers, transport, reprocessing and/or direct disposal of SF, conditioning and interim storage, deep geological disposal, Administration costs. Latest studies: Costs amount to 12 Billion CHF. Annual contributions based on 40 years operation time. 2 - Organisation and payments: Contributions to the decommissioning fund: Contributions required up to the assumed decommissioning date are converted into annual amounts; Assumed inflation rate 3%, capital projected on a basis of 5% (net return 2%); Annual contributions reviewed every 5 years (shorter periods possible in case of unforeseen events), if new operators enter or a facility is decommissioned. Fund organisation: Executive bodies: Management Committee and Secretariat, MC nominated by Federal Department of Environment, Transport, Energy and Communications, Sub committees set up by MC (Investment Committee, Cost Committee). Management committee: 9 members (4 operators

  16. Parameters of Dismantling Techniques Related to Costs for Decommissioning of Nuclear Facilities

    International Nuclear Information System (INIS)

    Jeong, Kwanseong; Moon, Jeikwon; Choi, Byungseon

    2012-01-01

    Reliable cost estimating is one of the most important elements of decommissioning operation. Reliable cost estimating is one of the most important elements of decommissioning planning. Alternative technologies may be evaluated and compared on their efficiency and effectiveness, and measured against a baseline cost as to the feasibility and benefit derived from the technology. This principle ensures that the cost consideration is economically sound and practical for funding. This paper provides a list with basic review of cutting and dismantling techniques, including some typical characteristics if available, as well as aspects of implementation, parameters of cutting and dismantling techniques in decommissioning costing. This paper gives an overview of the principles of the unit factor approach and its implementation in costing in relation to dismantling activities. In general, proper evaluation of decommissioning costs is important for following issues and relevant measures for achieving the listed aspects are: · Selection of a decommissioning strategy and activities: several decommissioning options should be evaluated: · Support to a cost-benefit analysis to ensure that the principle of optimization and reasonably practicable measures are applied: the extent of evaluated decommissioning options should cover all possible scenarios for dismantling activities; · Estimate of required financial resources for the selected strategy: the selected option should involve the dismantling activities in a structure and extent relevant to real procedure of dismantling activities; · Preparation of the project schedule, workforce requirements and phased funding needs: dismantling activities should be structured according to the tasks of the decommissioning schedule; · Definition of measures for proper management and maintenance of resources for safe and timely decommissioning: the time distribution and safety related parameters of dismantling activities should be known

  17. Governments' role in decommissioning nuclear power facilities

    International Nuclear Information System (INIS)

    Guindon, S.; Wendling, R.D.; Gordelier, S.; Soederberg, O.; Averous, J.; Orlando, D.

    2005-01-01

    essential that mechanisms are in place to ensure that the real value of assets in the fund guard against periods of high inflation. Last but not least, competent administration of the funding system is of paramount importance. To conclude, the cost of decommissioning is an important criterion in deregulated markets where competition calls for a lowering of costs of producing electricity. In this regard, the NEA Study on the Role of Government concluded that one duty of government is to ensure that funds will be available to carry out decommissioning for facilities that may not close for a century or more. This may require fairly sophisticated financial management of billion dollar sums of money and ongoing attention of national governments. Enhanced dialogue at the international level will be particularly beneficial to governments, regulatory bodies and industry

  18. Costs of Decommissioning Nuclear Power Plants

    International Nuclear Information System (INIS)

    Neri, Emilio; French, Amanda; Urso, Maria Elena; Deffrennes, Marc; Rothwell, Geoffrey; ); Rehak, Ivan; Weber, Inge; ); Carroll, Simon; Daniska, Vladislav

    2016-01-01

    While refurbishments for the long-term operation of nuclear power plants and for the lifetime extension of such plants have been widely pursued in recent years, the number of plants to be decommissioned is nonetheless expected to increase in future, particularly in the United States and Europe. It is thus important to understand the costs of decommissioning so as to develop coherent and cost-effective strategies, realistic cost estimates based on decommissioning plans from the outset of operations and mechanisms to ensure that future decommissioning expenses can be adequately covered. This study presents the results of an NEA review of the costs of decommissioning nuclear power plants and of overall funding practices adopted across NEA member countries. The study is based on the results of this NEA questionnaire, on actual decommissioning costs or estimates, and on plans for the establishment and management of decommissioning funds. Case studies are included to provide insight into decommissioning practices in a number of countries. (authors)

  19. 1997/98 Orphan Well Fund annual report

    International Nuclear Information System (INIS)

    1999-04-01

    Alberta's Orphan Well Fund (previously referred as the Abandonment Fund) is funded by the oil and gas industry with provincial government support and approval. It was created to enforce and improve regulations regarding orphan wells. 1997/98 marked the year in which Orphan Well Fund activities included pipeline abandonments, facility decommissioning, and well site reclamation. The first part of this report includes the annual report of the Orphan Fund, while the second part includes the report on the Energy and Utilities Board's (EUB's) Liability Management activities which are an important part of enforcing and improving provincial regulations in the prevention of orphan wells. The fund allows liability management to be done with industry's dollars rather than taxpayer's dollars. Highlights for the year include the successful completion on eleven downhole and surface wells. Expanded activities also included the abandonment of eleven pipelines, and facilities decommissioning work at five locations. The report also includes a financial review, and a summary of the future goals of the program. The EUB enforcement activities and operations, as well as the EUB orphan prevention activities are also reviewed. tabs

  20. Utility planning for decommissioning

    International Nuclear Information System (INIS)

    Williams, D.H.

    1982-01-01

    Though the biggest impact on a utility of nuclear power plant decommissioning may occur many years from now, procrastination of efforts to be prepared for that time is unwarranted. Foresight put into action through planning can significantly affect that impact. Financial planning can assure the recovery of decommissioning costs in a manner equitable to customers. Decision-making planning can minimize adverse affects of current decisions on later decommissioning impacts and prepare a utility to be equipped to make later decommissioning decisions. Technological knowledge base planning can support all other planning aspects for decommissioning and prepare a utility for decommissioning decisions. Informed project planning can ward off potentially significant pitfalls during decommissioning and optimize the effectiveness of the actual decommissioning efforts

  1. Topical Session on Funding Issues in Connection with Decommissioning of Nuclear Power Plants - 9 November 2004

    International Nuclear Information System (INIS)

    2006-01-01

    Set up by the Radioactive Waste Management Committee (RWMC), the WPDD brings together senior representatives of national organisations who have a broad overview of Decommissioning and Dismantling (D and D) issues through their work as regulators, implementers, R and D experts or policy makers. These include representatives from regulatory authorities, industrial decommissioners from the NEA Co-operative Programme on Exchange of Scientific and Technical Information on Nuclear Installation Decommissioning Projects (CPD), and cross-representation from the other NEA Committees. The EC is a member of the WPDD and the IAEA is participating as an observer. This broad participation provides good possibilities for the co-ordination efforts amongst activities in the international programmes. At its fifth meeting, in Paris, 8-10 November 2004, the WPDD held a topical session on the 'Funding Issues in Connection with Decommissioning of Nuclear Power Plants'. This report documents the topical session on Funding. An agenda of the Topical session can be found in Appendix 1. The topical session was meant to provide an exchange of information and experience on the following issues: Ethical Values; Actual Experiences of Fund Setting and Management; Uncertainties in Funding. At the end of each session time was allotted for a plenary discussion. The Rapporteur reviewed the main points and the lessons learnt at the end of the whole Topical Session. The Topical Session is documented as follows. A summary of the presentations, the country reports, the discussions and the key issues and lessons learnt is given in the main part of this report. The agenda of the Topical session can be found in Appendix 1 and the full papers supporting each presentation are given in Appendix 2. The national presentations on 'Actual experiences of Fund Setting and Management' in session 2 can be found in Appendix 3 and the national presentations on 'Uncertainties in Funding' in session 3 can be found in

  2. U.S. nuclear plant decommissioning funding adequacy - by individual funds, utilities, reactors, and industry-wide - assessed by Monte Carlo and baseline trend methods: 1998, 2000, 2001, and 2004

    International Nuclear Information System (INIS)

    Williams, Daniel G.

    2007-01-01

    This paper assesses, over years 1998, 2000, 2001, and 2004 - using varying sets of assumption values - the adequacy of decommissioning funding (year-end) for United States' nuclear electric power plants. I assess each of the 222 individual trust funds and 99 utility owners (as of August 2003), as well as each of the 122 reactors, and industry-wide. Individual trust fund results are the most important because, in general, dollars may not be transferred from one fund to another to strengthen a less-adequately financed fund. Using stochastic (Monte Carlo) analysis (20,000 iterations) to incorporate risk, or uncertainty, in my simulation modeling, I assess funding adequacy for 2004, but with estimated balances and contributions data for 2004. The paper also assesses the baseline (most likely) trends in funding adequacy, using 'point' estimates for years 1998, 2000, 2001, and stochastic medians for 2004. I compute two measures of funding adequacy relative to two respective benchmark levels: (1) adequacy of 'current year' fund balances; and (2), adequacy of 'recent-year' fund contributions. The former is a more 'looking-backward' measure relative to a benchmark (i.e., current balance embodies all past year contributions and rates of return on fund assets); the latter, more 'looking-forward' relative to a forward benchmark. I use decommissioning fund balances data for 2000 and 1998, as reported by the utilities to the U.S. Nuclear Regulatory Commission (NRC), as well as additional balances, yearly contributions, rates of return, and cost escalation data over 1997-2001 obtained in a 2002 survey of owners by the U.S. Government Accountability Office (GAO). The most fundamental conclusion that one should draw from my simulation modeling results - whether using Monte Carlo or baseline trend analysis - is that these decommissioning adequacy percentages for the 222 funds are extremely variable, although a sizable majority of funds are likely above benchmark. Reduced variability

  3. Decommissioning: a problem or a challenge?

    Directory of Open Access Journals (Sweden)

    Mele Irena

    2004-01-01

    Full Text Available With the ageing of nuclear facilities or the reduced interest in their further operation, a new set of problems, related to the decommissioning of these facilities, has come into forefront. In many cases it turns out that the preparations for decommissioning have come too late, and that financial resources for covering decommissioning activities have not been provided. To avoid such problems, future liailities should be thoroughly estimated in drawing up the decommissioning and waste management programme for each nuclear facility in time, and financial provisions for implementing such programme should be provided. In this paper a presentation of current decommissioning experience in Slovenia is given. The main problems and difficulties in decommissioning of the Žirovski Vrh Uranium Mine are exposed and the lesson learned from this case is presented. The preparation of the decommissioning programme for the Nuclear Power Plant Krško is also described, and the situation at the TRIGA research reactor is briefly discussed.

  4. Measures to Prevent Financial Fraud and Legalization of Illicit Funds

    Directory of Open Access Journals (Sweden)

    Chunitska Iryna I.

    2017-06-01

    Full Text Available The problems of preventing financial fraud and legalization of funds using mechanisms of the financial market are considered. The relevance of this problem in general and peculiar features of its research in developing economies are substantiated. The experience of organizations created to prevent the legalization of illicit funds is studied. It is determined that new organizations are created in response to the global challenges. It is justified that in Ukraine the fight against the legalization of illicit funds has actualized due to a lack of financial resources in the country, declaration of course towards European values and also as a result of the military conflict in the east of the country. The risk factors for financial fraud and illegal movement of financial flows are systematized according to the groups of conditions: pressure, favorable situation, propensity (justification. It is determined which levels of risk of generating illegal financial flows are inherent in different sectors of the economy depending on institutional factors. It is argued that the increase in the risks of illegal financial flows occurs under conditions of a low level of maturity of the institutional environment and a high level of information asymmetry. Types and tools of fraud in the financial market that increase the risks of illegal financial flows are systematized. It is determined that main types of fraud in the financial market are related to information manipulations and regulatory deficiencies. The world experience of legislative initiatives on counteracting the legalization of funds in financial markets is systematized. It is justified that, in order to prevent financial fraud and prevent legalization of illicit funds in Ukraine, it is necessary to ensure maximum transparency of information on the movement of financial flows in financial markets. In addition, regulators of the financial market should not only cooperate with each other but also prevent

  5. Recommendations from the External Auditors to the CERN Pension Fund Management on the Financial Statements of the CERN Pension Fund for the Financial Year 2013 and comments from the CERN Pension Fund Management

    CERN Document Server

    2014-01-01

    Recommendations from the External Auditors to the CERN Pension Fund Management on the Financial Statements of the CERN Pension Fund for the Financial Year 2013 and comments from the CERN Pension Fund Management

  6. A RWMAC commentary on the Science Policy Research Unit report: UK nuclear decommissioning policy: time for decision

    International Nuclear Information System (INIS)

    1994-04-01

    Chapter 4 of the RWMAC's Twelfth Annual Report discussed nuclear power plant decommissioning strategy. One of the RWMAC's conclusions was that the concept of financial provisioning for power station decommissioning liabilities, which might be passed on to society several generations into the future, deserved further study. A specification for such a study was duly written (Annex 2) and, following consideration of tendered responses, the Science Policy Research Unit (SPRU) at Sussex University, was contracted to carry out the work. The SPRU report stands as a SPRU analysis of the subject. This separate short RWMAC report, which is being released at the same time as the SPRU report, presents the RWMAC's own commentary on the SPRU study. The RWMAC has identified five main issues which should be addressed when deciding on a nuclear plant decommissioning strategy. These are: the technical approach to decommissioning, the basis of financial provisions, treatment of risk, segregation of management of funds, and the need for a wider environmental view. These issues are addressed in this RWMAC report. (author)

  7. The curious accountancy of decommissioning

    International Nuclear Information System (INIS)

    Anon.

    1990-01-01

    Financial provision for the decommissioning and waste management of the United Kingdom Magnox and AGR reactor is discussed. In the last set of accounts prior to privatisation a decommissioning provision of Pound 8.34 bn was indicated whereas previous figures had only shown Pound 2.88. It is suggested that the increase was only achieved on paper, without real financial provision. Estimates of decommissioning costs for the Magnox stations have increased greatly. Cost estimates for AGR decommissioning have still to be released but it is expected that the post-privatisation owners of the nuclear power industry, Nuclear Electric, will have to find Pound 6-7 bn to dismantle its own reactors. Much of this it hopes to put off for over 100 years. The South of Scotland Electicity Board has made much more realistic provision for its own Magnox and two AGR stations. Reprocessing costs for AGR reactor fuel is uncertain and high reprocessing and decommissioning costs will mean increases in the price of nuclear electricity. (UK)

  8. Brief Assessment of Krsko NPP Decommissioning Costs

    International Nuclear Information System (INIS)

    Skanata, D.; Medakovic, S.; Debrecin, N.

    2000-01-01

    The first part of the paper gives a brief description of decommissioning scenarios and models of financing the decommissioning of NPPs. The second part contains a review of decommissioning costs for certain PWR plants with a brief description of methods used for that purpose. The third part of the paper the authors dedicated to the assessment of decommissioning costs for Krsko NPP. It does not deal with ownership relations and obligations ensuing from them. It starts from the simple point that decommissioning is an structure of the decommissioning fund is composed of three basic cost items of which the first refers to radioactive waste management, the second to storage and disposal of the spent nuclear fuel and the third to decommissioning itself. The assessment belongs to the category of preliminary activities and as such has a limited scope and meaning. Nevertheless, the authors believe that it offers a useful insight into the basic costs that will burden the decommissioning fund of Krsko NPP. (author)

  9. Decommissioning planning of Swedish nuclear power plants

    Energy Technology Data Exchange (ETDEWEB)

    Hedin, Gunnar; Bergh, Niklas [Westinghouse Electric Sweden AB, Vaesteraes (Sweden)

    2013-07-01

    The technologies required for the decommissioning work are for the most part readily proven. Taken into account that there will be many more years before the studied reactor units will undergo decommissioning, the techniques could even be called conventional at that time. This will help bring the decommissioning projects to a successful closure. A national waste fund is already established in Sweden to finance amongst others all dismantling and decommissioning work. This will assure that funding for the decommissioning projects is at hand when needed. All necessary plant data are readily available and this will, combined with a reliable management system, expedite the decommissioning projects considerably. Final repositories for both long- and short-lived LILW respectively is planned and will be constructed and dimensioned to receive the decommissioning waste from the Swedish NPP:s. Since the strategy is set and well thought-through, this will help facilitate a smooth disposal of the radioactive decommissioning waste. (orig.)

  10. Preparation for Ignalina NPP decommissioning

    International Nuclear Information System (INIS)

    Medeliene, D.

    2004-01-01

    Latest developments of atomic energy in Lithuania, works done to prepare Ignalina NPP for final shutdown and decommissioning are described. Information on decommissioning program for Ignalina NPP unit 1, decommissioning method, stages and funding is presented. Other topics: radiation protection, radioactive waste management and disposal. Key facts related to nuclear energy in Lithuania are listed

  11. Evaluation of financial assurance alternatives of licensees

    Energy Technology Data Exchange (ETDEWEB)

    Douglas, J N

    1995-09-01

    The Uranium and Thorium Mining Regulations of the Atomic Energy Control Act require that applicants/licensees indicate to the AECB what financial assurance plans they have made to fund the decommissioning plan they propose to put in place. We have determined through our own business knowledge from other projects, as well as information provided by contacts in the banking, accounting, legal, investment and insurance communities, what financial assurance plans might be available. We have tabulated these alternatives, included explanations of how each might be implemented, and recorded advantages and disadvantages of each alternative to both the AECB and the applicant/licensee. In addition we have ranked the alternatives in order of most suitable to least suitable, from the AECB`s perspective. Although these financial assurance mechanisms have been tabulated with a view to decommissioning of a uranium mine, they could be used in other licence or business arrangements that require financial assurance. (author). 3 tabs., 1 fig.

  12. Evaluation of financial assurance alternatives of licensees

    International Nuclear Information System (INIS)

    Douglas, J.N.

    1995-09-01

    The Uranium and Thorium Mining Regulations of the Atomic Energy Control Act require that applicants/licensees indicate to the AECB what financial assurance plans they have made to fund the decommissioning plan they propose to put in place. We have determined through our own business knowledge from other projects, as well as information provided by contacts in the banking, accounting, legal, investment and insurance communities, what financial assurance plans might be available. We have tabulated these alternatives, included explanations of how each might be implemented, and recorded advantages and disadvantages of each alternative to both the AECB and the applicant/licensee. In addition we have ranked the alternatives in order of most suitable to least suitable, from the AECB's perspective. Although these financial assurance mechanisms have been tabulated with a view to decommissioning of a uranium mine, they could be used in other licence or business arrangements that require financial assurance. (author). 3 tabs., 1 fig

  13. Defense Commissary Resale Stock Fund Financial Statements For FY 1992

    National Research Council Canada - National Science Library

    Young, Shelton

    1993-01-01

    The initial objectives of the audit were to determine whether the FY 1992 Commissary Resale Stock fund financial statements present fairly the financial position and results of operation of the fund...

  14. US decommissioning strategy in today's regulatory, technical, political, and economic environments

    International Nuclear Information System (INIS)

    Colvin, J.F.

    1995-01-01

    The United States commercial nuclear power industry is nearly forty years old. Soon after the turn of the century, the United States expects to see a significant rise in the number of plants requiring decommissioning. This, coupled with recent economic pressures which are impacting the U.S. electrical generation industry and have resulted in the premature shutdown of some nuclear power plants, heighten the need for clear regulations and standards addressing facility closure and decommissioning. Since the issue of decommissioning involves public health and safety, technical, environmental and financial aspects, this complex regulatory environment poses a major challenge to the industry in this area. There are three fundamental issues facing utilities as they develop strategies for the eventual decommissioning of their nuclear power plants. These issues are the regulatory approach to decommissioning, the question of the availability of adequate funding, including the uncertainty resulting from the uncertainty of waste disposal options, and the need to meet environmental standards for the protection of health and safety. Futhermore, these issues, in particular the economic-related issues, are magnified in the event of prematurely shut down nuclear power plant. (Author)

  15. Summary of some Recent Work on Financial Planning for Decommissioning of Nuclear Research Facilities

    Energy Technology Data Exchange (ETDEWEB)

    Lindskog, Staffan (Swedish Nuclear Power Inspectorate, Stockholm (Sweden)); Sjoeblom, Rolf (Tekedo AB, Nykoeping (Sweden))

    2008-06-15

    The new European Union Environmental Liability Directive (ELD) together with the new standard and the increased awareness of the implications of the statements on Environmental liabilities in the IFRS/IA high-light the need for appropriate planning for decommissioning including cost estimations and waste fund management. These new regulations and standards are in some respects more stringent than the strictly nuclear rules. Consequently, The Swedish Nuclear Power Inspectorate has sought communication with non-nuclear actors in the area, including the participation in the recent meeting Environmental Economics and Investment Assessment 11, 27-30 May, 2008, Cadiz, Spain. The present compilation of publications on decommissioning and associated cost calculations in Sweden was prompted by these contacts. The compilation comprises 14 reports published during the last four years

  16. Decommissioning nuclear power plants: a case for internal funding

    International Nuclear Information System (INIS)

    Ferguson, J.S.

    1987-01-01

    Historically, utilities have exercised sole responsibility for reinvesting capital funds collected from ratepayers. Capital provided by ratepayers, whether for recovery of invested capital or for removal costs, reduces the magnitude of future borrowings - dollar for dollar. If regulatory commissions require utilities to place these collections in separate, inaccessible investment accounts (as in external funding methods), then utilities will be denied the use of these funds. Ratepayers, in turn, will be denied both their usual interest credit and the cost-saving benefits afforded by utilities having readily accessible cash to use instead of having to resort to borrowing. Such benefits can be attained only through internal-funding methods that keep rate payer contributions under unrestricted utility control. While state regulatory commissions currently favor external funding for financial assurance, the author feels the extra cost to ratepayers and the utilities is too high a price to pay

  17. FINANCIAL AUDIT: Capitol Preservation Fund's Fiscal Years 2001 and 2000 Financial Statements

    National Research Council Canada - National Science Library

    Franzel, Jeanette

    2002-01-01

    The statements of the financial position of the Capitol Preservation Fund (the Fund) as of September 30, 2001, and 2000 were audited, and the related statements of activities and statements of cash flows for the fiscal years then ended...

  18. IAEA Assistance on Decommissioning of Small Facilities with Limited Resources

    International Nuclear Information System (INIS)

    Batandjieva, B.; Warnecke, E.

    2008-01-01

    The number of facilities reaching their lifetime is increasing and drawing the attention of operators, regulators, public and other interested parties (potential users of the site after decommissioning) on the importance of adequate planning, funding and implementation of decommissioning activities in compliance with regulatory requirements and criteria. Specific attention is required for small facilities that have been used for research purposes and in most cases state owned by and dependent on state funding. With the current tendency for expansion of the nuclear industry such small facilities could become less of importance for the operators which can increase the probability that these facilities become abandoned, hazardous and imposing undue burden to future generations. This concern is more related to countries with limited human and financial resources at the operating organizations and the regulatory body. The International Atomic Energy Agency (IAEA) has been working on the; (i) establishment of internationally recognized safety standards on decommissioning and (ii) providing Member States with assistance on the application of these standards. The recent international conference on Lessons Learned from the Decommissioning of Nuclear Facilities and the Safe Termination of Practices (Athens, Greece, 2006) has demonstrated that the set of IAEA standards is almost complete and that the International Action Plan on Decommissioning (2004), that is addressing decommissioning of small facilities, is being successfully implemented. However the need for further assistance on decommissioning of small facilities in countries with limited resources was also recognized and the Agency is planning its future work in this field. The IAEA also addresses the needs of small nuclear countries that have only a limited number of nuclear facilities, e.g. a research reactor, in its R esearch Reactor Decommissioning Demonstration Project (R 2 D 2 P. The Philippine Research Reactor

  19. 78 FR 26489 - Consumer Financial Civil Penalty Fund

    Science.gov (United States)

    2013-05-07

    ... administrative action under Federal consumer financial laws. Under the Act, funds in the Civil Penalty Fund may... Bureau may require a party that has violated the law to pay a civil penalty. See, e.g., 12 U.S.C. 5565... or any other provision of law bars the Bureau from using funds in the Civil Penalty Fund for such...

  20. Senior Financial Analyst – External Funds Management | IDRC ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    Job Summary The Senior Financial Analyst, External Funds Management is responsible ... in accordance with the donor agreements and accounting principles. ... Assist the Manager in the development of the financial accounting structure for ...

  1. Decommissioning nuclear facilities

    International Nuclear Information System (INIS)

    Buck, S.

    1996-01-01

    Nuclear facilities present a number of problems at the end of their working lives. They require dismantling and removal but public and environmental protection remain a priority. The principles and strategies are outlined. Experience of decommissioning in France and the U.K. had touched every major stage of the fuel cycle by the early 1990's. Decommissioning projects attempt to restrict waste production and proliferation as waste treatment and disposal are costly. It is concluded that technical means exist to deal with present civil plant and costs are now predictable. Strategies for decommissioning and future financial provisions are important. (UK)

  2. A RWMAC commentary on the Science Policy Research Unit Report: UK Nuclear Decommissioning Policy: time for decision

    International Nuclear Information System (INIS)

    Anon.

    1994-04-01

    The Radioactive Waste Management Advisory Committee (RWMAC) is an independent body which advises the Secretaries of State for the Environment, Scotland and Wales, on civil radioactive waste management issues. Chapter 4 of the RWMAC's Twelfth Annual Report discussed nuclear power plant decommissioning strategy. One of the RWMAC's conclusions was that the concept of financial provisioning for power station decommissioning liabilities, which might be passed on to society several generations into the future, deserved further study. A specification for such a study was duly written (Annex 2) and, following consideration of tendered responses, the Science Policy Research Unit (SPRU) at Sussex University, was contracted to carry out the work. The SPRU report stands as a SPRU analysis of the subject. This separate short RWMAC report, which is being released at the same time as the SPRU report, presents the RWMAC's own commentary on the SPRU study. The RWMAC has identified five main issues which should be addressed when deciding on a nuclear plant decommissioning strategy. These are: the technical approach to decommissioning, the basis of financial provisions, treatment of risk, segregation of management of funds, and the need for a wider environmental view. (author)

  3. Radiological, technical and financial planning for decommissioning of small nuclear facilities in Sweden - 16177

    International Nuclear Information System (INIS)

    Lindskog, Staffan; Sjoeblom, Rolf

    2009-01-01

    ,00 MSEK (about keuros 96 and k$ 135). It is found that the 'general advice' that must be used by smaller companies lacks proper instructions on how to account for environmental liability whilst at the same time it prohibits the use of e.g. the international reporting standards IFRS/IAS. It is also found that the 'general advice' prohibits distribution of costs for research and development over time. This might be incompatible with a fund system where considerable research may be necessary at the early stages of the work and often many years before the actual decommissioning is to take place. The rules in the penal code require that an annual report presents an 'essentially correct financial situation'. One of the interpretations to this statement is that a deviance of at most 30 % might be tolerated. Although previous work has indicated that the error in cost estimates need not be higher than about 15 %, even for research facilities, concealed cost raisers may from time to time lead to much larger errors, even when best practices are being used. It is therefore essential that decommissioning planning and cost predictions are made in accordance with state of the art, and that the estimating methods as well as the results are properly documented. (authors)

  4. 78 FR 64292 - Community Development Financial Institutions Fund Proposed Collection; Comment Request

    Science.gov (United States)

    2013-10-28

    ... DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Proposed Collection...)). Currently, the Community Development Financial Institutions (CDFI) Fund, Department of the Treasury, is... Loan Requirements for the Community Development Financial Institutions (CDFI) Bond Guarantee Program...

  5. ECED 2013: Eastern and Central Europe Decommissioning. International Conference on Decommissioning of Nuclear Facilities. Conference Guide and Book of Abstracts

    International Nuclear Information System (INIS)

    2013-01-01

    The Conference included the following sessions: (I) Opening session (2 contributions); (II) Managerial and Funding Aspects of Decommissioning (5 contributions); (III) Technical Aspects of Decommissioning I (6 contributions); (IV) Experience with Present Decommissioning Projects (4 contributions); (V) Poster Session (14 contributions); (VI) Eastern and Central Europe Decommissioning - Panel Discussion; (VII) Release of Materials, Waste Management and Spent Fuel Management (6 contributions); (VIII) Technical Aspects of Decommissioning II (5 contributions).

  6. 10 CFR 50.75 - Reporting and recordkeeping for decommissioning planning.

    Science.gov (United States)

    2010-01-01

    ... or affiliates of cash or liquid assets such that the amount of funds would be sufficient to pay... provide reasonable assurance that funds will be available for the decommissioning process. For power... demonstrate reasonable assurance of funds for decommissioning by reactor type and power level, P (in MWt...

  7. Evaluation of Nuclear Facility Decommissioning Projects program

    International Nuclear Information System (INIS)

    Baumann, B.L.

    1983-01-01

    The objective of the Evaluation of Nuclear Facility Decommissioning Projects (ENFDP) program is to provide the NRC licensing staff with data which will allow an assessment of radiation exposure during decommissioning and the implementation of ALARA techniques. The data will also provide information to determine the funding level necessary to ensure timely and safe decommissioning operations. Actual decommissioning costs, methods and radiation exposures are compared with those estimated by the Battelle-PNL and ORNL NUREGs on decommissioning. Exposure reduction techniques applied to decommissioning activities to meet ALARA objectives are described. The lessons learned concerning various decommissioning methods are evaluated

  8. Uranium and thorium mining regulations: Amendments relating to financial assurances and decommissioning of uranium mining facilities. Consultative document

    Energy Technology Data Exchange (ETDEWEB)

    Brooks, G L [Atomic Energy of Canada Ltd., Sheridan Park, ON (Canada). CANDU Operations

    1993-12-23

    The purpose of this document is to describe the objectives, scope, substance and application of proposed amendments to the Uranium and Thorium Mining Regulations; in particular, amendments relating to the provision of financial assurances for the decommissioning of Canadian uranium mines. (author).

  9. Uranium and thorium mining regulations: Amendments relating to financial assurances and decommissioning of uranium mining facilities. Consultative document

    International Nuclear Information System (INIS)

    Brooks, G.L.

    1993-01-01

    The purpose of this document is to describe the objectives, scope, substance and application of proposed amendments to the Uranium and Thorium Mining Regulations; in particular, amendments relating to the provision of financial assurances for the decommissioning of Canadian uranium mines. (author)

  10. Standard Review Plan for the review of financial assurance mechanisms for decommissioning under 10 CFR Parts 30, 40, 70, and 72

    International Nuclear Information System (INIS)

    1989-08-01

    Standard Review Plan (SRP) for the Review of Financial Assurance Mechanisms for Decommissioning under 10 CFR Parts 30, 40, 70 and 72, is prepared for the guidance of Nuclear Regulatory Commission staff reviewers in performing reviews of applications from material licensees affected by the decommissioning regulations established June 27, 1988 (53FR24018). The principal purpose of the SRP is to assure the quality and uniformity of staff reviews and to present a base from which to evaluate the financial assurance aspects of the applications. The SRP identifies who performs the review, the matters that are reviewed, the basis for the review, how the review is performed, and the conclusions that are sought

  11. Recommendations from the External Auditors to the CERN Pension Fund Management on the Financial Statements of the Pension Fund for the Financial Year 2014 and Comments from the CERN Pension Fund Management Supreme Audit Office of Poland

    CERN Document Server

    2015-01-01

    Recommendations from the External Auditors to the CERN Pension Fund Management on the Financial Statements of the Pension Fund for the Financial Year 2014 and Comments from the CERN Pension Fund Management Supreme Audit Office of Poland

  12. 20 CFR 418.3420 - How are funds held in financial institution accounts counted?

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false How are funds held in financial institution... SUBSIDIES Medicare Part D Subsidies Resources § 418.3420 How are funds held in financial institution accounts counted? (a) Owner of the account. Funds held in a financial institution account (including...

  13. Radiochemistry Lab Decommissioning and Dismantlement. AECL, Chalk River Labs, Ontario, Canada

    International Nuclear Information System (INIS)

    Kenny, Stephen

    2008-01-01

    Atomic Energy of Canada (AECL) was originally founded in the mid 1940's to perform research in radiation and nuclear areas under the Canadian Defense Department. In the mid 50's The Canadian government embarked on several research and development programs for the development of the Candu Reactor. AECL was initially built as a temporary site and is now faced with many redundant buildings. Prior to 2004 small amounts of Decommissioning work was in progress. Many reasons for deferring decommissioning activities were used with the predominant ones being: 1. Reduction in radiation doses to workers during the final dismantlement, 2. Development of a long-term solution for the management of radioactive wastes in Canada, 3. Financial constraints presented by the number of facilities shutdown that would require decommissioning funds and the absence of an approved funding strategy. This has led to the development of a comprehensive decommissioning plan that is all inclusive of AECL's current and legacy liabilities. Canada does not have a long-term disposal site; therefore waste minimization becomes the driving factor behind decontamination for decommissioning before and during dismantlement. This decommissioning job was a great learning experience for decommissioning and the associated contractors who worked on this project. Throughout the life of the project there was a constant focus on waste minimization. This focus was constantly in conflict with regulatory compliance primarily with respect to fire regulations and protecting the facility along with adjacent facilities during the decommissioning activities. Discrepancies in historical documents forced the project to treat every space as a contaminated space until proven differently. Decommissioning and dismantlement within an operating site adds to the complexity of the tasks especially when it is being conducted in the heart of the plant. This project was very successful with no lost time accidents in over one hundred

  14. Decommissioning a nuclear power plant: the tax effects

    International Nuclear Information System (INIS)

    Foyt, W.W.

    1982-01-01

    The tax treatment of decommissioning costs is as important a consideration as construction costs. The principles also apply to offshore operations and pipeline systems having a negative salvage value. Estimates place the cost at somewhere between 15 and 100% of construction costs, depending on how the decommissioning is done. It is essential to find an accurate way to project decommissioning costs and to decide how they should be reported for tax purposes. The Internal Revenue Service (IRS) does not plan to apply Section 167, which deals with negative net salvage. Utility customers will ultimately provide the funds, but current IRS rulings count these funds as ordinary income and do not allow matching the additional revenue with decommissioning expenses

  15. NPP Decommissioning: the concept; state of activities

    International Nuclear Information System (INIS)

    Nemytov, S.; Zimin, V.

    2001-01-01

    The main principles of NPP decommissioning concept in Russia are given. The conditions with fulfillment of works on NPP unit pre-decommissioning and decommissioning including: development of the normative documentation, creation of special fund for financing NPP decommissioning activities, deriving the Gosatomnadzor license for decommissioning of shut down NPP units, development of the equipment and technologies for waste and spent fuel management are presented. The decommissioning cost and labour intensity of one WWER-440 unit are shown. The practical works, executed on shut down units at Beloyarsk NPP (Unit1 and 2) and Novo Voronezh NPP (Unit 1 and 2) are outlined

  16. Project No. 8 - Final decommissioning plan

    International Nuclear Information System (INIS)

    2000-01-01

    Ignalina NPP should prepare the final Ignalina NPP unit 1 decommissioning plan by march 31, 2002. This plan should include the following : description of Ignalina NPP and the Ignalina NPP boundary that could be influenced by decommissioning process; decommissioning strategy selected and a logical substantiation for this selection; description of the decommissioning actions suggested and a time schedule for the actions to be performed; conceptual safety and environmental impact assessment covering ionizing radiation and other man and environment impact; description of the environmental monitoring program proposed during decommissioning process; description of the waste management proposed; assessment of decommissioning expenses including waste management, accumulated funds and other sources. Estimated project cost - 0.75 M EURO

  17. Identification of liabilities and long-term management of the fund in Hungary

    International Nuclear Information System (INIS)

    Czoch, Ildiko

    2003-01-01

    According to the basic rules, laid down in the Act on Atomic Energy CXVI. of 1996, radioactive waste management shall not impose undue burden on future generations. To satisfy this requirement, the long-term costs of waste disposal and of decommissioning of the plant shall be paid by the generation that enjoys the benefits of nuclear energy production and applications of isotopes. Accordingly, by the Act and its executive orders, a Central Nuclear Financial Fund was established on 1 January 1998 to finance radioactive waste disposal, interim storage and disposal of spent fuel as well as decommissioning of nuclear facilities. The Minister, supervising the Hungarian Atomic Energy Authority is disposing of the Central Nuclear Financial Fund, while the Hungarian Atomic Energy Authority is responsible for its management. The Fund is a separate state fund pursuant to Act XXXVIII of 1992 on Public Finance, exclusively earmarked for financing the construction and operation of disposal facilities for the final disposal of radioactive waste, as well as for the interim storage and final disposal of spent fuel, and the decommissioning of nuclear facilities. A long-term plan (up to the decommissioning of the nuclear facilities), a medium term plan (for five years) and an annual work schedule are to be prepared on the use of the Fund. The preparation of these plans/schedules is within the responsibilities of the Public Agency for Radioactive Waste Management. The long and medium term plans shall be annually reviewed and revised as required. The long and medium term plans and the annual work schedule shall be approved by the Minister supervising the Hungarian Atomic Energy Authority. The payments into the Fund are defined in accordance with these plans. The liabilities of the Paks Nuclear Power Plant for annual payments into the Fund are included in the law on the central budget on the proposal of the Minister supervising the Hungarian Atomic Energy Authority. It is based upon

  18. Decommissioning of U.S. uranium production facilities

    Energy Technology Data Exchange (ETDEWEB)

    1995-02-01

    From 1980 to 1993, the domestic production of uranium declined from almost 44 million pounds U{sub 3}O{sub 8} to about 3 million pounds. This retrenchment of the U.S. uranium industry resulted in the permanent closing of many uranium-producing facilities. Current low uranium prices, excess world supply, and low expectations for future uranium demand indicate that it is unlikely existing plants will be reopened. Because of this situation, these facilities eventually will have to be decommissioned. The Uranium Mill Tailings and Radiation Control Act of 1978 (UMTRCA) vests the U.S. Environmental Protection Agency (EPA) with overall responsibility for establishing environmental standards for decommissioning of uranium production facilities. UMTRCA also gave the U.S. Nuclear Regulatory Commission (NRC) the responsibility for licensing and regulating uranium production and related activities, including decommissioning. Because there are many issues associated with decommissioning-environmental, political, and financial-this report will concentrate on the answers to three questions: (1) What is required? (2) How is the process implemented? (3) What are the costs? Regulatory control is exercised principally through the NRC licensing process. Before receiving a license to construct and operate an uranium producing facility, the applicant is required to present a decommissioning plan to the NRC. Once the plan is approved, the licensee must post a surety to guarantee that funds will be available to execute the plan and reclaim the site. This report by the Energy Information Administration (EIA) represents the most comprehensive study on this topic by analyzing data on 33 (out of 43) uranium production facilities located in Colorado, Nebraska, New Mexico, South Dakota, Texas, Utah, and Washington.

  19. Decommissioning of U.S. uranium production facilities

    International Nuclear Information System (INIS)

    1995-02-01

    From 1980 to 1993, the domestic production of uranium declined from almost 44 million pounds U 3 O 8 to about 3 million pounds. This retrenchment of the U.S. uranium industry resulted in the permanent closing of many uranium-producing facilities. Current low uranium prices, excess world supply, and low expectations for future uranium demand indicate that it is unlikely existing plants will be reopened. Because of this situation, these facilities eventually will have to be decommissioned. The Uranium Mill Tailings and Radiation Control Act of 1978 (UMTRCA) vests the U.S. Environmental Protection Agency (EPA) with overall responsibility for establishing environmental standards for decommissioning of uranium production facilities. UMTRCA also gave the U.S. Nuclear Regulatory Commission (NRC) the responsibility for licensing and regulating uranium production and related activities, including decommissioning. Because there are many issues associated with decommissioning-environmental, political, and financial-this report will concentrate on the answers to three questions: (1) What is required? (2) How is the process implemented? (3) What are the costs? Regulatory control is exercised principally through the NRC licensing process. Before receiving a license to construct and operate an uranium producing facility, the applicant is required to present a decommissioning plan to the NRC. Once the plan is approved, the licensee must post a surety to guarantee that funds will be available to execute the plan and reclaim the site. This report by the Energy Information Administration (EIA) represents the most comprehensive study on this topic by analyzing data on 33 (out of 43) uranium production facilities located in Colorado, Nebraska, New Mexico, South Dakota, Texas, Utah, and Washington

  20. 78 FR 5870 - Community Development Financial Institutions Fund: Proposed Collection; Comment Request

    Science.gov (United States)

    2013-01-28

    ... DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund: Proposed Collection...)). Currently, the Community Development Financial Institutions (CDFI) Fund, an office within the Department of... Kuchar, Associate Program [[Page 5871

  1. Future financial liabilities of nuclear activities

    International Nuclear Information System (INIS)

    1996-01-01

    This report deals with future financial liabilities arising from nuclear activities, in particular electricity generation. Future financial liabilities are defined as costs which an organisation or company is expected to meet beyond some five years as a consequence of its current and past activities. The study provides a comprehensive picture on policies for recognizing and funding future financial liabilities arising from nuclear activities and their implementation schemes in Nea Member countries. Mechanisms for reporting and funding future financial liabilities are described, analysed and compared. The report offers some findings, conclusions and recommendations for consideration by Member countries. The nuclear activities considered in the report include nuclear research and development, nuclear industry sectors such as uranium mining and milling, conversion and enrichment, nuclear fuel fabrication, nuclear power plant operation and maintenance, and radioisotopes production. Future financial liabilities arising from these activities cover management and disposal of radioactive wastes, reprocessing of spent fuels when applicable and decommissioning of facilities at the end of their life time. 12 refs., 14 figs., 16 tabs

  2. Fort St. Vrain decommissioning project

    International Nuclear Information System (INIS)

    Fisher, M.

    1998-01-01

    Public Service Company of Colorado (PSCo), owner of the Fort St. Vrain nuclear generating station, achieved its final decommissioning goal on August 5, 1997 when the Nuclear Regulatory Commission terminated the Part 50 reactor license. PSCo pioneered and completed the world's first successful decommissioning of a commercial nuclear power plant after many years of operation. In August 1989, PSCo decided to permanently shutdown the reactor and proceed with its decommissioning. The decision to proceed with early dismantlement as the appropriate decommissioning method proved wise for all stake holders - present and future - by mitigating potential environmental impacts and reducing financial risks to company shareholders, customers, employees, neighboring communities and regulators. We believe that PSCo's decommissioning process set an exemplary standard for the world's nuclear industry and provided leadership, innovation, advancement and distinguished contributions to other decommissioning efforts throughout the world. (author)

  3. EVALUATION OF THE FINANCIAL PERFORMANCE OF PENSION FUNDS IN CROATIA

    Directory of Open Access Journals (Sweden)

    Dražen Novaković

    2015-07-01

    Full Text Available The aim of this paper is to evaluate the financial performance of pension funds in Croatia. Although there are other factors which are important in the pension funds overall performance, this paper focuses on investment accomplishments. The purpose of measuring portfolio performance is to determine whether portfolio managers add value compared to passive investment strategies. The traditional approach to pension funds’ performance evaluation underlines standard measures of financial performance (e.g. ratios such as Sharpe’s, Sortino’s, Treynor’s, etc. which quantify the ability of pension fund managers to deliver an active management risk premium, with respect to benchmarks. In this paper, the previously mentioned traditional measures of risk-adjusted performance are applied to Croatian pension funds. Due to recent changes in pension systems in other Eastern European countries once again emphasis is put on this issue in Croatia. The analysis furthermore includes evaluation of pension funds’ asset allocation. The period of analysis covers twelve years, from the establishment of pension funds in Croatia in 2002 until 2013. The main hypothesis of the paper states that Croatian pension funds underperform with respect to benchmark comparisons, set as return on the combined CROBEX/CROBIS portfolio. Results show that the main hypothesis does not hold. The financial performance of pension funds directly influences their competitiveness, derived from the possibility of measuring their success in active portfolio management. In addition, pension funds are expected to support the national economy. By investing their accumulating assets, they can protect jobs and enhance economic growth. However, they can achieve that only if they are competitive in means of financial performance.

  4. Planning of the BN-350 reactor decommissioning

    International Nuclear Information System (INIS)

    Klepikov, A.Kh.; Tazhibayeva, I.L.; Zhantikin, T.M.; Baldov, A.N.; Nazarenko, P.I.; Koltyshev, S.M.; Wells, P.B.

    2002-01-01

    The experimental and commercial BN-350 NPP equipped with a fast neutron sodium cooled reactor is located in Kazakhstan near the Aktau city on the Caspian Sea coast. It was commissioned in 1973 and intended for weapon-grade plutonium production and as stream supply to a water desalination facility and the turbines of the Mangyshlak Atomic Energy Complex. Taking into account technical, financial and political issues, the Government of Kazakhstan enacted the Decree no. 456 'On Decommissioning of the Reactor BN-350 in the Aktau City of the Mangystau Region'. Because the decision on reactor decommissioning was adopted before the end of scheduled operation (2003), the plan to decommission the BN-350 reactor has not yet been developed. To determine the activities required for ensuring reactor safety and in preparation for decommission in the period prior, the development and ensuring approval by the Republic of Kazakhstan Government of the decommissioning plan, a 'Plan of Priority Actions for BN-350 Reactor Decommissioning' was developed and approved. Actions provided for in the plan include the following: Development of BN-350 Reactor Decommissioning Plan; Accident prevention during the period of transition; Unloading nuclear fuel from reactor and draining the coolant from the heat exchange circuits. Decommission is defined as a complex of administrative and technical actions taken to allow the removal of some or all of regulatory controls over a nuclear facility. These actions involve decontamination, dismantling and removal of radioactive materials, waste, components and structures. They are carried out to achieve a progressive and systematic reduction in radiological hazards and are undertaken on the basis of planning and assessment in order to ensure safety decommissioning operations. In accordance with the decision of Kazakhstan Government, three basic stages for BN-350 reactor decommissioning are envisaged: First stage - Placement of BN-350 into long-term storage

  5. The preliminary planning for decommissioning nuclear facilities in Taiwan

    International Nuclear Information System (INIS)

    Li, K.K.

    1993-01-01

    During the congressional hearing in 1992 for a $7 billion project for approval of the fourth nuclear power plant, the public was concerned about the decommissioning of the operating plants. In order to facilitate the public acceptance of nuclear energy and to secure the local capability for appropriate nuclear backend management, both technologically and financially, it is important to have preliminary planning for decommissioning the nuclear facilities. This paper attempted to investigate the possible scope of decommissioning activities and addressed the important regulatory, financial, and technological aspects. More research and development works regarding the issue of decommissioning are needed to carry out the government's will of decent management of nuclear energy from the cradle to the grave

  6. Nuclear installations: decommissioning and dismantling

    International Nuclear Information System (INIS)

    Anon.

    1995-01-01

    This document is a compilation of seven talks given during the 1995 EUROFORUM conference about decommissioning and dismantling of Nuclear installations in the European Community. The first two papers give a detailed description of the legal, financial and regulatory framework of decommissioning and dismantling of nuclear facilities in the European Union and a review of the currently available decommissioning techniques for inventory, disassembly, decontamination, remote operations and management of wastes. Other papers describe some legal and technical aspects of reactor and plants dismantling in UK, Germany, Spain and France. (J.S.)

  7. 20 CFR 416.1208 - How funds held in financial institution accounts are counted.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false How funds held in financial institution accounts are counted. 416.1208 Section 416.1208 Employees' Benefits SOCIAL SECURITY ADMINISTRATION... held in financial institution accounts are counted. (a) General. Funds held in a financial institution...

  8. EVALUATION OF THE FINANCIAL PERFORMANCE OF PENSION FUNDS IN CROATIA

    OpenAIRE

    Dražen Novaković

    2015-01-01

    The aim of this paper is to evaluate the financial performance of pension funds in Croatia. Although there are other factors which are important in the pension funds overall performance, this paper focuses on investment accomplishments. The purpose of measuring portfolio performance is to determine whether portfolio managers add value compared to passive investment strategies. The traditional approach to pension funds’ performance evaluation underlines standard measures of financial performan...

  9. 76 FR 35511 - Decommissioning Planning

    Science.gov (United States)

    2011-06-17

    ... licensees to conduct their operations to minimize the introduction of residual radioactivity into the site... account and line of credit as approved financial assurance mechanisms, and modify other financial... additional information on the costs of decommissioning and spent fuel management. DATES: The final rule is...

  10. 31 CFR 501.604 - Reports by U.S. financial institutions on rejected funds transfers.

    Science.gov (United States)

    2010-07-01

    ... REPORTING, PROCEDURES AND PENALTIES REGULATIONS Reports § 501.604 Reports by U.S. financial institutions on rejected funds transfers. (a) Who must report. Any financial institution that rejects a funds transfer... institution, domestic bank, financial institution or U.S. financial institution, as those terms are defined in...

  11. 77 FR 76606 - Community Development Financial Institutions Fund

    Science.gov (United States)

    2012-12-28

    ... technical assistance, entrepreneurship training, and financial management skill-building (including... documents such as strategic plans or market studies unless the CDFI Fund has specifically requested such...

  12. Decommissioning standards

    International Nuclear Information System (INIS)

    Crofford, W.N.

    1980-01-01

    EPA has agreed to establish a series of environmental standards for the safe disposal of radioactive waste through participation in the Interagency Review Group on Nuclear Waste Management (IRG). One of the standards required under the IRG is the standard for decommissioning of radioactive contaminated sites, facilities, and materials. This standard is to be proposed by December 1980 and promulgated by December 1981. Several considerations are important in establishing these standards. This study includes discussions of some of these considerations and attempts to evaluate their relative importance. Items covered include: the form of the standards, timing for decommissioning, occupational radiation protection, costs and financial provisions. 4 refs

  13. Decommissioning of nuclear power stations

    International Nuclear Information System (INIS)

    Gregory, A.R.

    1988-01-01

    In the United Kingdom the Electricity Boards, the United Kingdom Atomic Energy Authority (UKAEA) and BNFL cooperate on all matters relating to the decommissioning of nuclear plant. The Central Electricity Generating Board's (CEGB) policy endorses the continuing need for nuclear power, the principle of reusing existing sites where possible and the building up of sufficient funds during the operating life of a nuclear power station to meet the cost of its complete clearance in the future. The safety of the plant is the responsibility of the licensee even in the decommissioning phase. The CEGB has carried out decommissioning studies on Magnox stations in general and Bradwell and Berkeley in particular. It has also been involved in the UKAEA Windscale AGR decommissioning programme. The options as to which stage to decommission to are considered. Methods, costs and waste management are also considered. (U.K.)

  14. Financial audit : District of Columbia highway trust fund's fiscal year 1999 and 1998 financial statements

    Science.gov (United States)

    2000-10-01

    This report presents the results of our audits of the financial statements of the District of Columbia Highway Trust Fund for the fiscal years ended September 30, 1999 and 1998, and our examination of the forecasted statements of the Fund's expected ...

  15. The Financing of Decommissioning - A View on Legal Aspects in Germany

    International Nuclear Information System (INIS)

    Paul, M.

    2006-01-01

    Nuclear power plants and other nuclear facilities such as nuclear research facilities will be gradually decommissioned. In all cases of decommissioning, no matter what type of nuclear facility is concerned, it must be ensured that adequate financial means for carrying out the decommissioning process will be available when they are needed. This paper analyses whether the necessary measures have been taken in Germany, by describing the legislative framework of decommissioning and the German system for financing the decommissioning process. The author comes to the conclusion that so far, the German system for financing the decommissioning of nuclear facilities has been successful and that currently there is no reason to doubt the amount or the security of the operators' provisions. Eventually there will be a need for modifications to the German system in order to secure the availability of financial provisions in future. (authors)

  16. Investment management for nuclear decommissioning trusts

    International Nuclear Information System (INIS)

    Stimes, P.C.; Flaherty, R.T.

    1990-01-01

    According to Nuclear Regulatory Commission estimates, and assuming a 4 percent annual inflation rate, minimum decommissioning requirements for a single reactor could total almost $350 million after 30 years. Consequently, reducing customer contributions to decommissioning funds is a potentially rewarding activity. In fact, improving the after-tax return earned on an NDT fund by as little as one percentage point can reduce customer contributions to the fund by 15% over its life. Unfortunately, many electric utilities are headed in the wrong direction and are unlikely to achieve satisfactory results. The main problem is the prevalence of the conventional wisdom, most of which has been appropriated from the area of pension fund management. This is an area which is familiar to most utility managements, but which has only superficial similarity to the issue of NDT investing. The differences are pronounced: NDTs, unlike pensions, are fully taxable at corporate income tax rates. In addition, NDT managers should be concerned with protecting the inflation-adjusted or real value of fund investments at a single, future decommissioning date. Pension managers, on the other hand, may be concerned with satisfying nominal contractual obligations spread over an extended future time horizon. In view of the large stakes involved in the management of NDTs, the authors summarize five key tenets of the conventional wisdom in this area and demonstrate where they feel they are in error

  17. Journal Vouchers for FY 2000 Department of the Navy General Fund Financial Reporting

    National Research Council Canada - National Science Library

    2001-01-01

    ...) General Fund Financial Statements. The previous reports discuss accounting entries supporting Marine Corps reporting and our endorsement of he Naval Audit Service disclaimer of opinion on the FY 2000 Navy General Fund financial statements...

  18. Financial Reporting of Department 97-Funded Property, Plant, and Equipment

    National Research Council Canada - National Science Library

    2001-01-01

    This audit is the final part of the audit on "Compilation of the FY 1999 Financial Statements for Other Defense Organizations-General Fund" and in support of our audit of the FY 2000 Financial Statement...

  19. Interim guidance on the Standard Review Plan for the review of financial assurance mechanisms for decommissioning under 10 CFR Parts 30, 40, and 70

    International Nuclear Information System (INIS)

    1988-12-01

    Interim Guidance on the Standard Review Plan (SRP) for the Review of Financial Assurance Mechanisms for Decommissioning under 10 CFR Parts 30, 40, and 70 is prepared for the guidance of Nuclear Regulatory Commission staff reviewers in performing reviews of applications from material licensees affected by the decommissioning regulations established June 27, 1988 (53FR24018). The principal purpose of the SRP is to assure the quality and uniformity of staff reviews and to present a base from which to evaluate the financial assurance aspects of the applications. NUREG-1337, identifies who performs the review, the matters that are reviewed, the basis of the review, how the review is performed, and the conclusions that are sought. 3 refs

  20. An overview of U.S. decommissioning experience -- A basic introduction

    International Nuclear Information System (INIS)

    Boing, L.E.

    1998-01-01

    This paper presents an overview of the US experiences in the decommissioning technical area. Sections included are: (1) an overview of the magnitude of the problem, (2) a review of the US decommissioning process, (3) regulation of decommissioning, (4) regulatory and funding requirements for decommissioning, and (5) a general overview of all on-going and completed decommissioning projects to date in the US. The final section presents a review of some issues in the decommissioning area currently being debated in the technical specialists community

  1. Global Financial Governance: a Perspective from the International Monetary Fund

    Directory of Open Access Journals (Sweden)

    Ryszard Wilczyński

    2011-03-01

    Full Text Available An environment for the activities of the International Monetary Fund (the IMF has fundamentally changed over the two recent decades. The strong development of financial innovations as well as of financial globalisation was among major forces driving the change and shaping the economic growth worldwide. As some economies were able - with the support from financial markets – to accelerate their growth, other countries suffered from turbulences, which were reinforced and transferred internationally through the volatile financial markets. The process of international financial contagion makes the case for global financial governance, which so far has been left behind the development of markets. The IMF is mandated to play a central role in the global governance designed to ensure financial stability. The article reconsiders the Fund’s role and includes an overview and assessment of its activities, particularly in the context of the global financial crisis in 2007-2010. In the aftermath of this crisis, the international financial stability may, however, again be at risk as several external imbalances in the global economy may be hardly sustainable. It is argued in the paper that, in addition to a gradually improving surveillance and lending as well as to adjusting resources by the Fund, an enhanced credibility of the institution is needed so that its role in the process of the stabilising global financial system is strong and effective.

  2. Shippingport Station Decommissioning Project: overview and justification

    International Nuclear Information System (INIS)

    Coffman, F.E.

    1984-01-01

    The purpose of this booklet is to brief the reader on the Shippingport Station Decommissioning Project and to summarize the benefits of funding the project in FY 1984. Background information on the station and the decommissioning project is provided in this section of the booklet; the need for a reactor decommissining demonstration is discussed in the next section; and a summary of how the Shippingport Station Decommissioning Project (SSDP) provides the needed demonstration is provided in the final section

  3. Fort St. Vrain defueling ampersand decommissioning considerations

    International Nuclear Information System (INIS)

    Warembourg, D.

    1994-01-01

    Fort St. Vrain Nuclear Generating Station (FSV) is one of the first commercial reactors to be decommissioned under NRC's decommissioning rule. The defueling and decommissioning of this 330 MWe High Temperature Gas Cooled Reactor (HTGR) has involved many challenges for Public Service Company of Colorado (PSC) including defueling to an Independent Spent Fuel Storage Installation (ISFSI), establishing decommissioning funding, obtaining regulatory approvals, arranging for waste disposal, and managing a large fixed price decommissioning contract. In 1990, a team comprised of the Westinghouse Corporation and Morrison Knudsen Corporation, with the Scientific Ecology Group as a major subcontractor, was contracted by PSC to perform the decommissioning under a fixed price contract. Physical work activities began in August 1992. Currently, physical dismantlement activities are about 45% complete, the project is on schedule, and is within budget

  4. NMSS handbook for decommissioning fuel cycle and materials licensees

    International Nuclear Information System (INIS)

    Orlando, D.A.; Hogg, R.C.; Ramsey, K.M.

    1997-03-01

    The US Nuclear Regulatory Commission amended its regulations to set forth the technical and financial criteria for decommissioning licensed nuclear facilities. These regulations were further amended to establish additional recordkeeping requirements for decommissioning; to establish timeframes and schedules for the decommissioning; and to clarify that financial assurance requirements must be in place during operations and updated when licensed operations cease. Reviews of the Site Decommissioning Management Plan (SDMP) program found that, while the NRC staff was overseeing the decommissioning program at nuclear facilities in a manner that was protective of public health and safety, progress in decommissioning many sites was slow. As a result NRC determined that formal written procedures should be developed to facilitate the timely decommissioning of licensed nuclear facilities. This handbook was developed to aid NRC staff in achieving this goal. It is intended to be used as a reference document to, and in conjunction with, NRC Inspection Manual Chapter (IMC) 2605, ''Decommissioning Inspection Program for Fuel Cycle and Materials Licensees.'' The policies and procedures discussed in this handbook should be used by NRC staff overseeing the decommissioning program at licensed fuel cycle and materials sites; formerly licensed sites for which the licenses were terminated; sites involving source, special nuclear, or byproduct material subject to NRC regulation for which a license was never issued; and sites in the NRC's SDMP program. NRC staff overseeing the decommissioning program at nuclear reactor facilities subject to regulation under 10 CFR Part 50 are not required to use the procedures discussed in this handbook

  5. Decommissioning and radioactive waste management. The European Commission overview

    International Nuclear Information System (INIS)

    Rehak, M

    2010-01-01

    In this lecture author deals with the European Commission overview on the decommissioning and radioactive waste management. Financial support of European Commission of decommissioning of the Ignalina NPP, Bohunice V1 NPP and Kozloduy Units 1 and 2 is presented.

  6. INTERNATIONAL DECOMMISSIONING SYMPOSIUM 2000

    Energy Technology Data Exchange (ETDEWEB)

    M.A. Ebadian, Ph.D.

    2001-01-01

    The purpose of IDS 2000 was to deliver a world-class conference on applicable global environmental issues. The objective of this conference was to publicize environmental progress of individual countries, to provide a forum for technology developer and problem-holder interaction, to facilitate environmental and technology discussions between the commercial and financial communities, and to accommodate information and education exchange between governments, industries, universities, and scientists. The scope of this project included the planning and execution of an international conference on the decommissioning of nuclear facilities, and the providing of a business forum for vendors and participants sufficient to attract service providers, technology developers, and the business and financial communities. These groups, when working together with attendees from regulatory organizations and government decision-maker groups, provide an opportunity to more effectively and efficiently expedite the decommissioning projects.

  7. The Behavioral Aspects of Mutual Funds and the Lessons Learned from the Financial Crisis

    OpenAIRE

    Åhlén, Tommy

    2011-01-01

    The fund industry has grown tremendously over the last decades and the function for mutual funds and their managers have gained importance. Sweden is today the greatest fund saving country in the world however the function of the mutual funds and their managers is still rather unexplored. Mutual fund managers were blamed for the recent financial crisis and their irrational behavior was highlighted. This indicated how weak the classic financial theories are when trying to explain the function ...

  8. DEVELOPMENT FINANCIAL INSTITUTIONS AND THEIR ROLE IN SUPPORTING EMERGING MARKETS PRIVATE EQUITY FUNDS

    Directory of Open Access Journals (Sweden)

    ANTON Sorin Gabriel

    2013-12-01

    Full Text Available Development financial institutions have emerged in the last years as major investors in the private equity industry. Their main goals are to create new jobs, to foster innovation and to develop the private sector. The aim of the paper is to analyze the role played by the development financial institutions in the creation and development of emerging markets private equity funds in the light of financial crisis started in 2008. We found that many development banks have increased their financial support to the emerging markets private equity funds and have improved the standards and norms of the local industry. They played a countercyclical role during a difficult period when private investors proved reluctant in backing new private equity funds.

  9. The management of financial resources intended for radioactive waste and decommissioning of the nuclear facilities in the european union

    International Nuclear Information System (INIS)

    Tatar, F.; Dima, A.; Glodeanu, F.; Miller, B.; Mosmonea, R.

    2015-01-01

    The European Commission has developed policies and made recommendations on how financial resources should be established and managed by Member States for the purpose of radioactive waste management. The manner in which these recommendations have been accepted, and are applied, varies between European countries. To some extent, this variation reflects the maturity of the nuclear programs in each country and whether or not nuclear facilities are largely state or privately owned and operated. This paper reviews the European Commission.s policy on financial resourcing for radioactive waste management and decommissioning and evaluates how financial resources are practically established and managed by Member States. The findings from the review are then used to benchmark the situation in Romania. (authors)

  10. Financial frictions and substitution between internal and external funds in publicly traded Brazilian companies

    Directory of Open Access Journals (Sweden)

    Márcio Telles Portal

    2012-04-01

    Full Text Available The present study aimed to document the effects of financial constraints on the negative relationship between cash flow and external funds, a phenomenon associated with the Pecking Order Theory. This theory suggests that companies subject to more expensive external funds (financially constrained firms should demonstrate a stronger negative relationship with cash flow than companies subject to minor financial frictions (financially unconstrained firms. The results indicate that the external funds of constrained firms consistently present less negative sensitivity to cash flow compared with those of unconstrained companies. Additionally, the internal funds of constrained companies demonstrate a positive sensitivity to cash flow, whereas those of unconstrained companies do not show any such significant behavior. These results are in accordance with the findings of Almeida and Campello (2010, who suggest the following: first, because of the endogenous nature of investment decisions in constrained companies, the complementary relationship between internal and external funds prevails over the substitutive effects suggested by the Pecking Order Theory; and second, the negative relationship between cash flow and external funds cannot be interpreted as evidence of costly external funds and therefore does not corroborate the Pecking Order Theory.

  11. Economical aspect of the decommissioning for NPP

    International Nuclear Information System (INIS)

    Daryoko, M.

    1998-01-01

    The estimated, analysed and founding of the economical aspect at decommissioning of Nuclear Power Plant (NPP) have been studied. The data that have been obtained from literature, then the calculation and analysing have been done base to the future condition. The cost for NPP decommissioning depend on the internal factor such as type, capacity and safe storage time, and the external factor such as policy, manpower and the technology preparation. The successfulness of funding, depend on the rate of inflation, discount rate of interest and the currency fluctuation. For the internal factor, the influence of the type of the reactor (BWR or PWR) to the decommissioning cost is negligible, the big reactor capacity (±1100 MW), and the safe storage between 30 to 100 years are recommended, and for the external factor, specially Indonesia, to meet the future need the ratio of decommissioning cost and capital cost will be lower than in develop countries at the present (10%). The ratio between decommissioning fund and electricity generation cost relatively very low, are more less than 1.79 % for 30 years safe storage, and discount rate of interest 3%, or more less than 0.30 % for safe storage 30 years, and discount rate of interest 6%. (author)

  12. Ethics of nuclear decommissioning

    International Nuclear Information System (INIS)

    Surrey, John

    1992-01-01

    What to do with the numerous reactors that reach the end of their operating lives over the next 30 years involves ethical issues of an intergenerational kind. This essay examines various nuclear decommissioning options in the light of the ethical issues. Prompt dismantlement seems preferable to other options involving postponed dismantlement, entombment of some kind or doing nothing. It would avoid bequeathing future generations with the disamenity of entombed reactors or responsibility for dismantling other disused reactors. The choice of option also depends on the health risks through time and whether a sufficient decommissioning fund exists to avoid handing down debt and constrained choice. There is a strong case for supporting research and development from public funds to develop the technology and reduce both the health risks and the costs, especially if dismantlement is left to a future generation. (author)

  13. Compilation of the FY 2000 Navy Working Capital Fund Financial Statements

    National Research Council Canada - National Science Library

    Granetto, Paul

    2001-01-01

    ... to the Office of Management and Budget. This is the fifth and final report on our audit work on the FY 2000 Navy Working Capital Fund Financial Statements and related controls and supporting financial data...

  14. Status of the Fort St. Vrain decommissioning

    International Nuclear Information System (INIS)

    Fisher, M.J.

    1990-01-01

    Fort St. Vrain is a high temperature gas cooled reactor. It has been shut down as a result of financial and technical difficulties. Fort St. Vrain has been planning for defueling and decommissioning for at least three years. The preliminary decommissioning plan, in accordance with the NRC's final rule, has been submitted and is being reviewed by the NRC. The basis of the preliminary decommissioning plan has been SAFSTOR. Public Service Company, who is the owner and operator of FSV, is scheduled to submit a proposed decommissioning plan to the NRC in the fourth quarter of 1990. PSC has gone out for bid on the decontamination and dismantlement of FSV. This paper includes the defueling schedule, the independent spent fuel storage installation status, the probability of shipping fuel to DOE, the status of the preliminary decommissioning plan submittal, the issuance of a possession only license and what are the results of obtaining this license amendment, preliminary decommissioning activities allowed prior to the approval of a proposed decommissioning plan, the preparation of a proposed decommissioning plan and the status of our decision to proceed with SAFSTOR or DECON as identified in the NRC's final decommissioning rule

  15. The protection of financial services users: The case of insurance companies and investment funds

    Directory of Open Access Journals (Sweden)

    Njegomir Vladimir

    2012-01-01

    Full Text Available The users of financial services generally do not have the required expertise that they need to process the available financial information when they make financial and investment decisions, and as such they represent a sensitive category of financial market participants, which may intentionally or unintentionally be exposed to manipulation. If the beneficiaries do not have relevant and accurate information, the relationship between the provider and the service user is characterized with information asymmetry, and because of these reasons adequate regulatory instruments are necessary in order to protect the interests of financial services users. In the financial services sector, the development of a long-term successful relationship between providers and users of services should be based on mutual trust and users' feel that they have received a value for the price paid. The aim of the paper is to highlight the modern ways of improving the protection of the interests of consumers of financial services provided by insurance companies and investment funds. The paper analyses the reasons for protection of consumers of financial services, specifics of insurance as financial service, the importance of trust as a key factor for the attraction of service users and the basic principles of operation of investment funds in the developed and the domestic financial market are compared. The particular attention is given to insurance companies and investment funds in terms of regulatory and other mechanisms of governments that are related to the protection of insureds and investment funds investors.

  16. Technical and legal aspects of the decommissioning of nuclear installations

    International Nuclear Information System (INIS)

    Rowden, M.A.; Fowler, S.E.

    1983-01-01

    Many of the plants licensed at the start of nuclear power programmes will require decommissioning in the 1990's and this issue should now be confronted by the nuclear industry, its regulators and governments. This paper deals with the United States programme and experience in the decommissioning of nuclear installations and describes alternative decommissioning methods including safety and financial aspects. (NEA) [fr

  17. Government response to the consultation on proposals relating to the decommissioning of offshore energy installations

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-11-09

    This document presents the UK government's response to consultation concerning decommissioning offshore oil and gas installations and pipelines and offshore renewable energy installations and associated power lines. The key issues discussed cover provision of funds for decommissioning, safeguarding the funds in event of insolvency, and widening the categories of people on whom decommissioning obligations can be placed in addition to earlier issue of notices and provision of decommissioning security, and extending the power of the Secretary of State to require information.

  18. Defense Homeowners Assistance Fund Financial Statements For FY 1992

    National Research Council Canada - National Science Library

    Hendricks, Nancy

    1993-01-01

    The primary objective of the audit was to determine whether the Fund's FY 1992 financial statements were presented fairly in accordance with generally accepted accounting principles for Federal entities...

  19. Overview of decommissioning activities in the US

    International Nuclear Information System (INIS)

    LaGuardia, T.S.

    2006-01-01

    The U.S. has been involved the successful decontamination, decommissioning and reutilization of nuclear facilities for over 20 years. A number of commercial power plants in the United States have either completed their decommissioning, or will be in the next few years. In addition, the U.S. DOE has taken an aggressive approach to site remediation focusing on site closures so as to better utilize its financial resources. The U.S. initiative to deregulate the electrical generation industry to promote competition and presumably to reduce electricity prices to the consumer, is again in flux. Some utilities, facing the real or perceived threat of competition in its markets decided to shut down the 'costly' nuclear plants to alleviate the drain on their financial reserves. The older nuclear units experienced serious mechanical problems, entailing expensive repairs and replacements. Such difficulties have caused owner-operator utilities to decide to decommission these facilities rather than incur the expense of upgrading or repairing the plants to meet current regulatory and design criteria. Plants that were marginally cost-competitive, or not at all competitive, were shut down and decommissioned. Other utilities have bought some of the older nuclear plants in the Northeast (a high power demand region) to operate them and to extend their licenses for continued life. This paper will discuss the decommissioning lessons learned, management approaches, site characterization and challenges faced in disposition of radioactive waste and large components, contracting practice, and the status of several of these shut down reactor-decommissioning programs. The industry has proven that nuclear power plants can be cost effectively and safely decommissioned. (author)

  20. Safety in decommissioning of research reactors

    International Nuclear Information System (INIS)

    1986-01-01

    This Guide covers the technical and administrative considerations relevant to the nuclear aspects of safety in the decommissioning of reactors, as they apply to the reactor and the reactor site. While the treatment, transport and disposal of radioactive wastes arising from decommissioning are important considerations, these aspects are not specifically covered in this Guide. Likewise, other possible issues in decommissioning (e.g. land use and other environmental issues, industrial safety, financial assurance) which are not directly related to radiological safety are also not considered. Generally, decommissioning will be undertaken after planned final shutdown of the reactor. In some cases a reactor may have to be decommissioned following an unplanned or unexpected event of a series or damaging nature occurring during operation. In these cases special procedures for decommissioning may need to be developed, peculiar to the particular circumstances. This Guide could be used as a basis for the development of these procedures although specific consideration of the circumstances which create the need for them is beyond its scope

  1. WPDD workshop on: 'safe, efficient, and cost-effective decommissioning'. Workshop Conclusions/Final Stocktaking

    International Nuclear Information System (INIS)

    2005-01-01

    . - Financial mechanisms for decommissioning funding are evolving in the NEA member states to meet regulatory and project needs. Continuing challenges are uncertainties in cost estimates and the implementation of measures to assure that funds will be available when required. - Creative research on decommissioning is being carried out. Human factors and organisational issues are studied. Practical solutions are being implemented such as the use of management transition programmes. Some increased efficiency and effectiveness is needed by way of R and D on improving technology and developing innovative techniques, subject to justification of its cost and value. There is a need to consider how to design commercial contracts so that decommissioning contractors will be willing to test new, relatively unproven techniques. - Continuing emphasis on education in critical nuclear skills is needed to ensure availability of the necessary expertise for both near-term decommissioning needs and long-term energy needs. - Public acceptance is still a major challenge. Without public acceptance, decommissioning may be prolonged and difficult to implement. Hence, all actors and interested parties need to be constructively involved in the dialogue within the local communities to gather and evaluate all relevant concerns and thereby inspire confidence in the safety of decommissioning activities

  2. Hedge Fund Stock Trading in the Financial Crisis of 2007--2009

    OpenAIRE

    Itzhak Ben-David; Francesco Franzoni; Rabih Moussawi

    2012-01-01

    Hedge funds significantly reduced their equity holdings during the recent financial crisis. In 2008:Q3----Q4, hedge funds sold about 29% of their aggregate portfolio. Redemptions and margin calls were the primary drivers of selloffs. Consistent with forced deleveraging, the selloffs took place in volatile and liquid stocks. In comparison, redemptions and stock sales for mutual funds were not as severe. We show that hedge fund investors withdraw capital three times as intensely as mutual fund ...

  3. Nuclear power plant decommissioning costs in perspective

    International Nuclear Information System (INIS)

    Rothwell, Geoffrey; Deffrennes, Marc; Weber, Inge

    2016-01-01

    At the international level, actual experience is limited in the completion of nuclear power plant decommissioning projects. Cost data for decommissioning projects are thus largely unavailable, with few examples of analyses or comparisons between estimates and actual costs at the project level. The Nuclear Energy Agency (NEA) initiated a project to address this knowledge gap and in early 2016 published the outcomes in the report on Costs of Decommissioning Nuclear Power Plants. The study reviews decommissioning costs and funding practices adopted by NEA member countries, based on the collection and analysis of survey data via a questionnaire. The work was carried out in co-operation with the International Atomic Energy Agency (IAEA) and the European Commission (EC). (authors)

  4. Alternatives and costs for the decommissioning of Angra Nuclear Power Plants

    International Nuclear Information System (INIS)

    Carajilescov, Pedro; Moreira, Joao Manoel Losada; Maiorino, Jose Rubens

    2013-01-01

    The decommissioning of a nuclear reactor requires several actions involving legal basis, decommissioning strategies, planning, dismantling, packing, transport and storage of a large volume of radioactive materials, qualified personnel and financial resources. The paper discusses the several aspects of these actions for the decommissioning of Angra nuclear Power Plants, based on the international experiences. The main phases of the decommissioning process, the Brazilian regulation and cost estimations are also presented. Finally, two alternatives for the decommissioning of the plants, based on logistic aspects, are discussed. (author)

  5. Alternatives and costs for the decommissioning of Angra Nuclear Power Plants

    Energy Technology Data Exchange (ETDEWEB)

    Carajilescov, Pedro; Moreira, Joao Manoel Losada; Maiorino, Jose Rubens, E-mail: pedro.carajilescov@ufabc.edu.br [Universidade Federal do ABC (UFABC), Santo Andre, SP (Brazil)

    2013-07-01

    The decommissioning of a nuclear reactor requires several actions involving legal basis, decommissioning strategies, planning, dismantling, packing, transport and storage of a large volume of radioactive materials, qualified personnel and financial resources. The paper discusses the several aspects of these actions for the decommissioning of Angra nuclear Power Plants, based on the international experiences. The main phases of the decommissioning process, the Brazilian regulation and cost estimations are also presented. Finally, two alternatives for the decommissioning of the plants, based on logistic aspects, are discussed. (author)

  6. 77 FR 76614 - Community Development Financial Institutions Fund

    Science.gov (United States)

    2012-12-28

    ... & Demand 15 points 15 points. Products, Services, and 30 points 25 points. Marketing. Management Capacity... training, and financial management skill-building (including administrative funds used to carry out... forth in the Office of Management and Budget (OMB) Notice, Revisions to the Standards for the...

  7. Liability, financial security and provisions for the funding of decommissioning

    International Nuclear Information System (INIS)

    Sauer, G.W.

    1991-01-01

    The author criticizes the 'Pelzer Doctrine' and tries to appraise the risks of nuclear energy utilization with regard to insurance in his own way and, continuing from there, to estimate an insurance premium. With an appropriate depot solution, provision funds of 10 billion DM could be held ready. However this would require depositing the sum at the moment of commissioning. In summary it is a political question whether a risk with the potential to bring about national catastrophes is bearable and can be answered for and insofar whether it is reasonable in terms of social adequacy, all the more when there is no insurance coverage that would at least in part promise acceptance. This question would even remain open if damages of such dimensions were fully insurable. In concluding the author sees the Social Democratic Party as the only parliamentary party to have reacted rationally to the challenges posed by Chernobyl. His advice is to lead discussions on the amendment in an open and cooperative atmosphere with all Bundeslaender and all parties concerned. (orig./HSCH) [de

  8. Needs for European decommissioning academy (EDA)

    International Nuclear Information System (INIS)

    Slugen, Vladimir

    2014-01-01

    other countries, especially those having a large nuclear programme, and promote the highest safety levels. The EU 'Community acquits' includes key legislation such as the recent Council Directive 2011/70/EURATOM establishing the Community framework for the responsible and safe management of spent fuel and radioactive waste, which sets the legal obligations for adequate funding, financial security and transparency applicable to the national waste management systems. The need to maintain and increase competent and qualified staff is a recurrent concern in the nuclear sector. In particular, in view of the growing decommissioning market, it can be expected that industry will involve new actors, including, in some cases, small and middle enterprises. The organisation of ad hoc training programs is also essential with a strong link to research and educational organisations. For Central and Eastern European countries, where several units were shut-down before the end of their operating lifetime, decommission is one of most important tasks. According to the conclusions of the conference 'Eastern and Central European Decommissioning', held in June 2013, in Trnava, Slovakia it was stated that: 1. According to common experiences from VVER decommissioning - the creation of a master approach and procedures that could be recommended for all VVER countries. NPP V-1 in Bohunice, Slovakia can be perhaps the proper place for the verification of these procedures. 2. Education, training and proper knowledge management have specific relevance for decommissioning. Based on the training courses that we run at the Slovak University of Technology we would like to create a European Academy for Decommissioning for VVER countries in collaboration with EC and IAEA. Knowledge and decommissioning skills could be shared on an international level. Input from several organisations present here at the conference would be beneficial. We recommend that specific lessons, practical

  9. Apollo decommissioning project, Apollo, Pennsylvania. Final technical report

    International Nuclear Information System (INIS)

    1997-01-01

    In November, 1991 Babcock and Wilcox (B and W) received a grant to partially fund the decommissioning of the former Apollo Nuclear Fuel Facility. The decommissioning was performed in accordance with a Nuclear Regulatory Commission (NRC) approved decommissioning plan. This report summarizes the decommissioning of the Apollo Nuclear Fuel Facility and the radiological surveying of the site to demonstrate that these decommissioning activities were effective in reducing residual activity well below NRC's criteria for release for unrestricted use. The Apollo Nuclear Fuel Facility was utilized by the Nuclear Materials and Equipment Corporation (NUMEC) and B and W for nuclear research and production under Atomic Energy Commission and Department of Energy (DOE) contracts during 20 plus years of nuclear fuel manufacturing operations

  10. Challenges for decommissioning policies

    International Nuclear Information System (INIS)

    Riotte, H.

    2007-01-01

    In the coming years, OECD member countries will be increasingly faced with the need to make appropriate provisions, in terms of policy, finance and management, for all aspects of decommissioning. Decommissioning requires regulatory approval and oversight, the directions of which are guided by national policy. In several instances, governments have only recently begun to address their approaches to decommissioning policy and regulation in national legislation, and international overviews of such approaches, which may eventually lead to international harmonization, are only now beginning to emerge. In parallel, policy and regulation have been evolving and a broadened competence has developed in relevant regulatory authorities. The challenge lying ahead is to establish a framework that will allow for the growth of nuclear industrial activities in competitive, globalized markets, while maintaining and assuring the safety of decommissioning for the public and for workers. Within this context, institutional arrangements, stakeholder issues, costs and funding, waste management and policies for release from regulatory control, as well as the availability of technologies and skills, need to be reviewed. (author)

  11. Methodology for cost estimate in projects for nuclear power plants decommissioning

    International Nuclear Information System (INIS)

    Salij, L.M.

    2008-01-01

    The conceptual approaches to cost estimating of nuclear power plants units decommissioning projects were determined. The international experience and national legislative and regulatory basis were analyzed. The possible decommissioning project cost classification was given. It was shown the role of project costs of nuclear power plant units decommissioning as the most important criterion for the main project decisions. The technical and economic estimation of deductions to common-branch fund of decommissioning projects financing was substantiated

  12. Financial Crisis: A New Measure for Risk of Pension Fund Portfolios.

    Directory of Open Access Journals (Sweden)

    Marinella Cadoni

    Full Text Available It has been argued that pension funds should have limitations on their asset allocation, based on the risk profile of the different financial instruments available on the financial markets. This issue proves to be highly relevant at times of market crisis, when a regulation establishing limits to risk taking for pension funds could prevent defaults. In this paper we present a framework for evaluating the risk level of a single financial instrument or a portfolio. By assuming that the log asset returns can be described by a multifractional Brownian motion, we evaluate the risk using the time dependent Hurst parameter H(t which models volatility. To provide a measure of the risk, we model the Hurst parameter with a random variable with mixture of beta distribution. We prove the efficacy of the methodology by implementing it on different risk level financial instruments and portfolios.

  13. Financial Crisis: A New Measure for Risk of Pension Fund Portfolios.

    Science.gov (United States)

    Cadoni, Marinella; Melis, Roberta; Trudda, Alessandro

    2015-01-01

    It has been argued that pension funds should have limitations on their asset allocation, based on the risk profile of the different financial instruments available on the financial markets. This issue proves to be highly relevant at times of market crisis, when a regulation establishing limits to risk taking for pension funds could prevent defaults. In this paper we present a framework for evaluating the risk level of a single financial instrument or a portfolio. By assuming that the log asset returns can be described by a multifractional Brownian motion, we evaluate the risk using the time dependent Hurst parameter H(t) which models volatility. To provide a measure of the risk, we model the Hurst parameter with a random variable with mixture of beta distribution. We prove the efficacy of the methodology by implementing it on different risk level financial instruments and portfolios.

  14. The Evolution of Non-Banking Financial Markets in Hungary: The Case of Mutual Funds

    Directory of Open Access Journals (Sweden)

    Luminiţa NICOLESCU

    2016-12-01

    Full Text Available The non-banking sector has an important place in financial markets. Therefore, the performance of financial markets can be looked at in different countries by analyzing the evolution of mutual funds, in terms of their inflows and outflows. This is even more important in the recent period, due to the recent global financial distress. Numerous studies, most of them conducted in the US, illustrate that flows are highly dependent on the previous performance and that a common behavior of investors is rather to look for highly performing funds than to give up the poorly performing ones. This paper studies the flows of funds into and out of Hungarian mutual funds during the period 2007-2014. The evolution of the mutual funds market depends on investor’s behavior and the paper analyzes the behavior of investors. The paper also tries to evaluate if and how the financial crisis affected the investing behavior of Hungarian investors. The main findings of the research illustrate that there are a number of factors that influence the way investors make their decisions. Among those fund flows in the previous month is the factor that influences the most the current flows, illustrating that Hungarians invest only in funds that attracted previously more new money. Other factors with a significant influence on the investors’ behavior are the size of the fund (measured through the net assets and the risk (measured through the standard deviations of returns. The factor that surprisingly seems to have less influence on Hungarian inv estors’ decisions is the performance either measured as the evolution of the fund category or the rank and the square rank of the fund in its category. Another important finding was that data proved that the financial crisis had an impact on the capital market in Hungary, as investments decreased in that particular period and mutual funds performances were lower.

  15. JAEA involvement in Education and Training for Decommissioning

    International Nuclear Information System (INIS)

    Nakayama, Shinichi

    2017-01-01

    Education and Training for Decommissioning in Japan: E&T for decommissioning in Japan is: prioritized to decommissioning of TEPCO’s Fukushima Daiichi NPS; mostly government-funded: - Ministry Of Education, Culture, Sports, Science And Technology; -Ministry Of Economy, Trade And Industry; performed through collaborative R&D activities between research institutes, university/college, and academic societies. JAEA is involved in the E&T through: - University summer schools on robotics, decommissioning robot competition; - Participation in and/or invitation to JAEA’s international Fukushima Research Conferences, and to cooperative courses with scientific institutions; - Lectures at universities/colleges; - Hot facility construction/operation for engineers, characterization of radioactive wastes and fuel debris for radiochemists and technicians

  16. Overview and comparison of international practices on funding mechanisms

    International Nuclear Information System (INIS)

    Tchapga, Flavien

    2006-01-01

    Although the Funding Mechanisms of Decommissioning and Dismantling (D and D) of Nuclear Power Plants (NPP) has recently gained a growing interest, this is not only a new but also an old issue. The issue is old because National Atomic Laws and/or other Nuclear Legislation recognized the mandatory character of D and D. Consequently accumulation of funds to cover the future D and D expenses is a legal requirement since the beginning of Nuclear Energy Industry, at least in countries with a market economy. The issue is new as well because many of the large commercial NPP may reach the end of their lifetime during the next twenty years. As a result, the growing interest on D and D Funding Mechanisms is justified since the funds accumulated should cover the related expenses if any. Despite this growing interest, there is however a lack, at least at the NEA level, of an updated survey of existing Funding Mechanisms. Because Electric utilities are experiencing deregulation movement, there is also a lack of a 'comparison framework' which takes into account this new context, and within which the effectiveness of current Funding Mechanisms could be assessed. In the field of NPP decommissioning, funding mechanisms refer to the overall process of financing future D and D operations. Therefore, one can expect a funding mechanism to organize some relevant functions regarding D and D financing. These functions are, 1) the recognition of the liabilities and the estimation of the related financial burden, 2) the collection of the corresponding financial resources 3) the management and disbursement of those resources when needed. In fact, the mandatory character of D and D suggest that an effective Funding Mechanism should provide availability of funds. This is to say the funds collected should be managed in a consistent way regarding their protection against financial insecurity. Since there is no investment without risk, availability of funds is properly a matter of degree

  17. The potential benefits and drawbacks of deferring the decommissioning of nuclear facilities

    International Nuclear Information System (INIS)

    Nash, R.; Pomfret, D.G.

    2000-01-01

    The need to decommission redundant plants or sites at the end of operations is accepted throughout the industry, by the timing of such work requires careful consideration. In a world where political issues dominate, safety and business drivers are often only two of the inputs, and it is therefore imperative that industry is clear in its understanding of the different drivers that affect this issue. Issues are; 1. The formal positions adopted by governments and regulators are often directed at specifically to water reactors. Should other types of facilities be constrained by the same policies? 2. Political drivers can be dominated by short to medium term considerations. Can we encourage long term strategic planning, and ? 3. The failings of the industry (especially accidents) and fear of nuclear weapons can often dominate public perception. Can industry counter these adverse associations? The key benefits relate to better risk management (especially if the radiological inventory was minimised at plant closure). Extending the decommissioning programme does allow dose reductions to take place, especially if short-lived isotopes are involved. Other benefits include more time is allowed for optioneering and planning of the decommissioning processes. This time frame also gives opportunity to develop new or better technologies. With proper control, political strategies can be developed and financial planning can take place. The concern of 'Will there be enough money to fund decommissioning' can become 'A little funding set aside early, and properly managed, can pay for decommissioning in the future'. Savings in dose, impact on the environment, and money can be achieved through a well-managed deferred programme. An extended programme of decommissioning demands the political will and the infrastructure to remain in place over a long period. Tied in to this is the need to keep money available for a long time, and to be able to retain and recover the relevant knowledge

  18. Setting up decommissioning funds for nuclear facilities - a competence problem for EURATOM

    International Nuclear Information System (INIS)

    Danwitz, Th. von

    2003-01-01

    The nuclear package presented by the European Commission in the autumn of 2002 has added considerable practical significance to the problem of the vertical limits of competence between the Community and its member states within the framework of the Euratom Treaty. The question most important to Germany is the authority of the European Atomic Energy Community to oblige its member states to set up funds for financing the decommissioning of nuclear facilities. As the Euratom Treaty contains no explicit competences of Euratom for regulations of this type, the article examines the content and range of Art. 30 ff. of the Euratom Treaty, the unwritten authority resulting from factual connections and the nature of the problems involved, looks at the importance of international agreements as far as legal competences are implied, and deals with a possible competence based on the right to amend the Treaty under Art. 203, Euratom Treaty. (orig.) [de

  19. Decommissioning Study of Oskarshamn NPP

    International Nuclear Information System (INIS)

    Larsson, Helena; Anunti, Aake; Edelborg, Mathias

    2013-06-01

    By Swedish law it is the obligation of the nuclear power utilities to satisfactorily demonstrate how a nuclear power plant can be safely decommissioned and dismantled when it is no longer in service as well as calculate the estimated cost of decommissioning of the nuclear power plant. Svensk Kaernbraenslehantering AB (SKB) has been commissioned by the Swedish nuclear power utilities to meet the requirements of current legislation by studying and reporting on suitable technologies and by estimating the costs of decommissioning and dismantling of the Swedish nuclear power plants. The present report is an overview, containing the necessary information to meet the above needs, for Oskarshamn NPP. Information is given for the plant about the inventory of materials and radioactivity at the time for final shutdown. A feasible technique for dismantling is presented and the waste management is described and the resulting waste quantities are estimated. Finally a schedule for the decommissioning phase is given and the costs associated are estimated as a basis for funding

  20. Decommissioning study of Forsmark NPP

    International Nuclear Information System (INIS)

    Anunti, Aake; Larsson, Helena; Edelborg, Mathias

    2013-06-01

    By Swedish law it is the obligation of the nuclear power utilities to satisfactorily demonstrate how a nuclear power plant can be safely decommissioned and dismantled when it is no longer in service as well as calculate the estimated cost of decommissioning of the nuclear power plant. Svensk Kaernbraenslehantering AB (SKB) has been commissioned by the Swedish nuclear power utilities to meet the requirements of current legislation by studying and reporting on suitable technologies and by estimating the costs of decommissioning and dismantling of the Swedish nuclear power plants. The present report is an overview, containing the necessary information to meet the above needs, for the Forsmark NPP. Information is given for the plant about the inventory of materials and radioactivity at the time for final shutdown. A feasible technique for dismantling is presented and the waste management is described and the resulting waste quantities are estimated. Finally a schedule for the decommissioning phase is given and the costs associated are estimated as a basis for funding

  1. Decommissioning Study of Oskarshamn NPP

    Energy Technology Data Exchange (ETDEWEB)

    Larsson, Helena; Anunti, Aake; Edelborg, Mathias [Westinghouse Electric Sweden AB, Vaesteraas (Sweden)

    2013-06-15

    By Swedish law it is the obligation of the nuclear power utilities to satisfactorily demonstrate how a nuclear power plant can be safely decommissioned and dismantled when it is no longer in service as well as calculate the estimated cost of decommissioning of the nuclear power plant. Svensk Kaernbraenslehantering AB (SKB) has been commissioned by the Swedish nuclear power utilities to meet the requirements of current legislation by studying and reporting on suitable technologies and by estimating the costs of decommissioning and dismantling of the Swedish nuclear power plants. The present report is an overview, containing the necessary information to meet the above needs, for Oskarshamn NPP. Information is given for the plant about the inventory of materials and radioactivity at the time for final shutdown. A feasible technique for dismantling is presented and the waste management is described and the resulting waste quantities are estimated. Finally a schedule for the decommissioning phase is given and the costs associated are estimated as a basis for funding.

  2. Decommissioning study of Forsmark NPP

    Energy Technology Data Exchange (ETDEWEB)

    Anunti, Aake; Larsson, Helena; Edelborg, Mathias [Westinghouse Electric Sweden AB, Vaesteraas (Sweden)

    2013-06-15

    By Swedish law it is the obligation of the nuclear power utilities to satisfactorily demonstrate how a nuclear power plant can be safely decommissioned and dismantled when it is no longer in service as well as calculate the estimated cost of decommissioning of the nuclear power plant. Svensk Kaernbraenslehantering AB (SKB) has been commissioned by the Swedish nuclear power utilities to meet the requirements of current legislation by studying and reporting on suitable technologies and by estimating the costs of decommissioning and dismantling of the Swedish nuclear power plants. The present report is an overview, containing the necessary information to meet the above needs, for the Forsmark NPP. Information is given for the plant about the inventory of materials and radioactivity at the time for final shutdown. A feasible technique for dismantling is presented and the waste management is described and the resulting waste quantities are estimated. Finally a schedule for the decommissioning phase is given and the costs associated are estimated as a basis for funding.

  3. General Fund Enterprise Business System Did Not Provide Required Financial Information

    Science.gov (United States)

    2012-03-26

    Management of the General Fund Enterprise Business System,” January 14, 2008 Army AAA Report No. A-2010-0187- FFM , “General Fund Enterprise Business System...A-2009-0232- FFM , “General Fund Enterprise Business System – Federal Financial Management Improvement Act Compliance, Examination of Releases...1.4.1, 1.4.2, 1.4.3, and 1.4.4 Requirements,” September 30, 2009 AAA Report No. A-2009-0231- FFM , “General Fund Enterprise Business System – Federal

  4. Promoting Islamic Private Equity Fund As An Ideal Financial Intermediary Institution

    Directory of Open Access Journals (Sweden)

    Nashr Akbar

    2017-12-01

    Full Text Available The existence of financial intermediation institution is quite necessary to support the economic activity. It serves both surplus unit and deficit unit to meet their wants whereby the former wants to invest his money in the lack of skill, while the latter wants to develop their businesses but does not have adequate capital. Bank institution is the most common institution serving the people’s need of financial intermediation. However, bank has several weaknesses that may harm and hamper the economic development. This paper aims to explore the weaknesses of banks as financial intermediary institutions and then promote Islamic Private Equity Fund as alternative. The result showed that the weaknesses of banks are: 1 fractional reserve banking, 2 fiat money, 3 debt-based investment, 4 risk averse. Furthermore, the study also found that Islamic Private Equity Fund can serve as an ideal financial intermediary institution due to some strengths: 1 no fractional reserve banking, 2 equity-based investment and 3 risk taker

  5. Development of a Preliminary Decommissioning Plan Following the International Structure for Decommissioning Costing (ISDC) of Nuclear Installations - 13361

    International Nuclear Information System (INIS)

    Moshonas Cole, Katherine; Dinner, Julia; Grey, Mike; Daniska, Vladimir

    2013-01-01

    The International Structure for Decommissioning Costing (ISDC) of Nuclear Installations, published by OECD/NEA, IAEA and EC is intended to provide a uniform list of cost items for decommissioning projects and provides a standard format that permits international cost estimates to be compared. Candesco and DECOM have used the ISDC format along with two costing codes, OMEGA and ISDCEX, developed from the ISDC by DECOM, in three projects: the development of a preliminary decommissioning plan for a multi-unit CANDU nuclear power station, updating the preliminary decommissioning cost estimates for a prototype CANDU nuclear power station and benchmarking the cost estimates for CANDU against the cost estimates for other reactor types. It was found that the ISDC format provides a well defined and transparent basis for decommissioning planning and cost estimating that assists in identifying gaps and weaknesses and facilitates the benchmarking against international experience. The use of the ISDC can also help build stakeholder confidence in the reliability of the plans and estimates and the adequacy of decommissioning funding. (authors)

  6. Financial management of non-state pension fund forms and methods

    Directory of Open Access Journals (Sweden)

    Iureva Irina Anatolevna

    2014-04-01

    Full Text Available The main direction that determines the efficiency of non-governmental pension funds operation is the investment of pension reserves funds. It is possible to improve the regulation of investment process of non-governmental pension funds by expanding the assortment of tools available for investment. This will make it possible not only to achieve assets increase for the purpose of future fulfillment of obligations of paying non-governmental pensions to participants, but also contribute to financial market stabilization.

  7. Magnox Electric plc's strategy for decommissioning its nuclear licensed sites

    International Nuclear Information System (INIS)

    2002-02-01

    process is to challenge the operator's decommissioning strategy assumptions every five years. In particular, one such challenge is how far the prudent assumption by Magnox Electric that statutory requirements will be tightened in the future, for example on annual worker dose, has an effect on the timing of final dismantling. Future reviews will progressively clarify the assumptions used. It is noted that should Magnox Electric be required to bring forward commencement of its station dismantling programme to significantly less than 70 years from end of generation additional financing will be required unless predicted costs can be reduced proportionately. The current Magnox Electric strategy assumes that the end point of decommissioning will be delicensing, but places a caveat on the interpretation of the 'no danger' clause in the Nuclear Installations Act 1965 (as amended). The HSE is currently reviewing its policy on the use of this clause and is working towards transparent and practical guidelines. Should delicensing be more difficult than currently assumed by Magnox Electric, there could be significant cost and liability implications. The review has concluded that Magnox Electric's mechanism for quantifying its total liabilities is capable of determining the financial provisions required, subject to the full range of tasks and relevant factors being identified. The majority of the funding is to be provided from Government sources outside the Company's control. Arrangements are in place to regularly review, and where appropriate amend, the level of this funding. The current report is one of a five-yearly cycle in what is in effect an evolutionary process. Future reviews will give the opportunity to consider the effectiveness of Magnox Electric's internal review process and the extent to which Magnox Electric has made progress in refining its plans. (author)

  8. The Preliminary Decommissioning Plan of the Dalat Nuclear Research Reactor

    Energy Technology Data Exchange (ETDEWEB)

    Lam, Pham Van; Vien, Luong Ba; Vinh, Le Vinh; Nghiem, Huynh Ton; Tuan, Nguyen Minh; Phuong, Pham Hoai [Nuclear Research Institute, Da Lat (Viet Nam)

    2013-08-15

    Recently, after 25 years of operation, a preliminary decommissioning plan for the Dalat Nuclear Research Reactor (DNRR) has been produced but as yet it has not been implemented due to the continued operations of the reactor. However, from the early phases of facility design and construction and during operation, the aspects that facilitate decommissioning process have been considered. This paper outlines the DNRR general description, the organization that manages the facility, the decommissioning strategy and associated project management, and the expected decommissioning activities. The paper also considers associated cost and funding, safety and environmental issues and waste management aspects amongst other considerations associated with decommissioning a nuclear research reactor. (author)

  9. Development of computer program for estimating decommissioning cost - 59037

    International Nuclear Information System (INIS)

    Kim, Hak-Soo; Park, Jong-Kil

    2012-01-01

    The programs for estimating the decommissioning cost have been developed for many different purposes and applications. The estimation of decommissioning cost is required a large amount of data such as unit cost factors, plant area and its inventory, waste treatment, etc. These make it difficult to use manual calculation or typical spreadsheet software such as Microsoft Excel. The cost estimation for eventual decommissioning of nuclear power plants is a prerequisite for safe, timely and cost-effective decommissioning. To estimate the decommissioning cost more accurately and systematically, KHNP, Korea Hydro and Nuclear Power Co. Ltd, developed a decommissioning cost estimating computer program called 'DeCAT-Pro', which is Decommission-ing Cost Assessment Tool - Professional. (Hereinafter called 'DeCAT') This program allows users to easily assess the decommissioning cost with various decommissioning options. Also, this program provides detailed reporting for decommissioning funding requirements as well as providing detail project schedules, cash-flow, staffing plan and levels, and waste volumes by waste classifications and types. KHNP is planning to implement functions for estimating the plant inventory using 3-D technology and for classifying the conditions of radwaste disposal and transportation automatically. (authors)

  10. The Reuse of Decommissioned Facilities and Sites as an Emerging Means to Alleviate the Decommissioning Burden and its Potential Applications within IAEA's International Decommissioning Network

    International Nuclear Information System (INIS)

    Laraia, M.

    2009-01-01

    Around the world, but particularly in developing Member States, there are disused nuclear facilities or those approaching the end of their useful lives, for which appropriate decommissioning steps have not been taken, primarily due to limited technical and financial resources or competing priorities. One way of alleviating the financial and social burden associated with the final shutdown and decommissioning of nuclear facilities is the redevelopment of decommissioned facilities and sites for new, productive uses, either nuclear or non-nuclear. Sustainable development implies economic development with maintenance of social and community integrity. This objective can best be served by the sensitive redevelopment of sites to provide continuity of employment and new productive activity. Finally, experience to date with redevelopment both inside and outside the nuclear field suggests that successful engagement of the stakeholders can be a key success factor in promoting outcomes which are both profitable for the operator and recognised as responsible and worthwhile by the wider community. Following a generic discussion on factors and issues inherent to the re-development of decommissioned sites, this paper expands on several examples. It is noted that experience from the non-nuclear industrial sector is much more extensive than from the nuclear sector, and lessons from this sector should not be neglected. Many of world's nuclear facilities are small and widely distributed geographically, e.g. ∼300 aging or shut-down research reactors. Requests for assistance to address this issue from Member States exceed the capability of IAEA (and others) to deliver. However, integrating individual initiative into a designed-for-purpose network may compensate for these limitations. A new IAEA initiative amongst organizations from both potential 'donor' and 'recipient' Member States has taken the form of an 'International Decommissioning Network (IDN)'. The objectives of the IDN are

  11. MUTUAL FUND PERFORMANCE ANALYSIS PRE AND POST FINANCIAL CRISIS OF 2008

    OpenAIRE

    Asadov, Elvin; Dinger, Tim

    2017-01-01

    Using a sample of 955 mutual funds, free of survivorship bias, we analyse the performance of diversified equity mutual funds in the United States of America that invest solely in stocks listed on the U.S. stock exchanges before and after the financial crisis of 2008. We categorize all mutual funds into their respective strategy including value, growth, and blend in order to see any relationship with respect to their strategic focus.We find that mutual funds were not able to provide a positive...

  12. Project Management Unit for decommissioning of NPP Bohunice VI (2003-2014)

    International Nuclear Information System (INIS)

    Gonzalez Fernandez-conde, A.; Brochet, I.; Ferreira, A.

    2015-01-01

    From October 2003 until december 2014 the Consortium consisting of Iberdrola Engineering and Construction (leader). Empresarios Agrupados Internacional, and Indra Sistemas has carried out the project Project Management Unit ((PMU) for the decommissioning of Bohunice V1 NPP (units 1 and 2), type VVER-440/V-230 in Slovakia. during the first phase (2003-2007) EdF was also part of the Consortium. The project is funded by the Bohunice International Decommissioning Support Fund (BIDSF) administered by the RBRD. The main objective of the project is to provide the necessary engineering and resources of project management for planning, execution, management, coordination and monitoring of all tasks in support of the decommissioning. (Author)

  13. Major Deficiencies Preventing Auditors From Rendering Audit Opinions on DOD General Fund Financial Statements

    National Research Council Canada - National Science Library

    Rauu, Russell

    1995-01-01

    .... This report gives Congress, the Secretary of Defense, the DoD Chief Financial Officer, financial managers, and the audit community an assessment of progress made in audited financial statements of DoD general funds...

  14. Decommissioning standards: the radioactive waste impact

    International Nuclear Information System (INIS)

    Russell, J.L.; Crofford, W.N.

    1979-01-01

    Several considerations are important in establishing standards for decommissioning nuclear facilities, sites and materials. The review includes discussions of some of these considerations and attempts to evaluate their relative importance. Items covered include the form of the standards, timing for decommissioning, occupational radiation protection, costs and financial provisions, and low-level radioactive waste. Decommissioning appears more closely related to radiation protection than to waste management, although it is often carried under waste management programs or activities. Basically, decommissioning is the removal of radioactive contamination from facilities, sites and materials so that they can be returned to unrestricted use or other actions designed to minimize radiation exposure of the public. It is the removed material that is the waste and, as such, it must be managed and disposed of in an environmentally safe manner. It is important to make this distinction even though, for programmatic purposes, decommissioning may be carried under waste management activities. It was concluded that the waste disposal problem from decommissioning activities is significant in that it may produce volumes comparable to volumes produced during the total operating life of a reactor. However, this volume does not appear to place an inordinate demand on shallow land burial capacity. It appears that the greater problems will be associated with occupational exposures and costs, both of which are sensitive to the timing of decommissioning actions

  15. 77 FR 71035 - Financial Management Service; Proposed Collection of Information: Electronic Funds Transfer (EFT...

    Science.gov (United States)

    2012-11-28

    ... DEPARTMENT OF THE TREASURY Fiscal Service Financial Management Service; Proposed Collection of Information: Electronic Funds Transfer (EFT) Market Research Study AGENCY: Financial Management Service, Fiscal Service, Treasury. ACTION: Notice and Request for comments. SUMMARY: The Financial Management...

  16. Ouick Reaction Report on Financial Reporting Procedures for the Defense Homeowners Assistance Fund

    National Research Council Canada - National Science Library

    1992-01-01

    ...) Financial Statements for FY 1992 (Project No. 2FH-2002). The objective of the audit is to determine whether the Fund's financial statements are presented fairly in accordance with generally -accepted accounting principles...

  17. Offshore decommissioning issues: Deductibility and transferability

    International Nuclear Information System (INIS)

    Parente, Virginia; Ferreira, Doneivan; Moutinho dos Santos, Edmilson; Luczynski, Estanislau

    2006-01-01

    Dealing with the decommissioning of petroleum installations is a relatively new challenge to most producer countries. It is natural to expect that industry's experience in building platforms is much greater than the one of dismantling them. Even if manifold and varied efforts are underway towards establishing international 'best practices' standards in this sector, countries still enjoy rather extensive discretionary power as they practice a particular national style in the regulation of decommissioning activities in their state's jurisdiction. The present paper offers a broad panorama of this discussion, concentrating mainly on two controversial aspects. The first one analyses the ex-ante deductibility of decommissioning costs as they constitute an ex-post expense. The second discussion refers to the assignment of decommissioning responsibility in the case of transfer of exploration and production rights to new lessees during the project's life. Finally the paper applies concepts commonly used in project financing as well as structures generally used in organising pension funds to develop insights into these discussions

  18. Modelling of nuclear power plant decommissioning financing.

    Science.gov (United States)

    Bemš, J; Knápek, J; Králík, T; Hejhal, M; Kubančák, J; Vašíček, J

    2015-06-01

    Costs related to the decommissioning of nuclear power plants create a significant financial burden for nuclear power plant operators. This article discusses the various methodologies employed by selected European countries for financing of the liabilities related to the nuclear power plant decommissioning. The article also presents methodology of allocation of future decommissioning costs to the running costs of nuclear power plant in the form of fee imposed on each megawatt hour generated. The application of the methodology is presented in the form of a case study on a new nuclear power plant with installed capacity 1000 MW. © The Author 2015. Published by Oxford University Press. All rights reserved. For Permissions, please email: journals.permissions@oup.com.

  19. Improving index mutual fund risk perception : Increase financial literacy or communicate better?

    NARCIS (Netherlands)

    de Goeij, Peter; Van Campenhout, Geert; Subotic, Marjana

    2017-01-01

    We investigate the effect of financial literacy and index mutual fund risk disclosure format on investors’ risk perception by examining the risk disclosure part in the Key Investor Information Document (KIID) for UCITS funds in Europe. Using an experimental survey administered to 244 university

  20. Organizational characteristics, financial performance measures, and funding sources of faith based organizations.

    Science.gov (United States)

    Lampkin, Lynne; Raghavan, Kamala

    2008-01-01

    This study examined the impact of organizational characteristics and financial performance measures of faith based organizations (FBOS) in Pennsylvania and Ohio on the decisions of the funding sources. Organizational characteristics of size, age, and type of service, and financial performance measures such as expense, liquidity, and solvency ratios were gathered from the data on IRS form 990 for 97 FBOS for the period of 1995 to 2004. The study found that the 1996 Charitable Choice provisions and the 2001 Office of Faith-Based and Community Initiatives have led to increased government funding for FBOS. The results showed that government funding of FBOS is affected positively by age of the FBO, and negatively by its size. For smaller FBOS, savings ratio had a negative relationship to government funding and a positive relationship to direct public support. For social service FBOS government funding was positively affected by age and negatively affected by size and debt ratio, while days-cash-on-hand had a negative impact on direct public support. All of the above relationships were statistically significant.

  1. Standard format and content guide for financial assurance mechanisms required for decommissioning under 10 CFR parts 30, 40, 70, and 72

    International Nuclear Information System (INIS)

    1989-08-01

    The Standard Format and Content Guide for Financial Assurance Mechanisms Required for Decommissioning under 10 CFR Parts 30, 40, 70, and 72, discusses the information to be provided in a license application and established a uniform format for presenting the information required to meet the decommissioning licensing requirements. The use of the Standard Format and Content Guide will (1) help ensure that the license application contains the information required by the regulations, (2) aid the applicant in ensuring that the information is complete, (3) help persons reading the Standard Format and Content Guide to locate information, and (4) contribute to shortening the time required for the review process. The Standard Format and Content Guide ensures that the information required to perform the review is provided, and in a useable format

  2. Risk management, financial evaluation and funding for wastewater and stormwater reuse projects.

    Science.gov (United States)

    Furlong, Casey; De Silva, Saman; Gan, Kein; Guthrie, Lachlan; Considine, Robert

    2017-04-15

    This paper has considered risk management, financial evaluation and funding in seven Australian wastewater and stormwater reuse projects. From the investigated case studies it can be seen that responsible parties have generally been well equipped to identify potential risks. In relation to financial evaluation methods some serious discrepancies, such as time periods for analysis, and how stormwater benefits are valued, have been identified. Most of the projects have required external, often National Government, funding to proceed. As National funding is likely to become less common in the future, future reuse projects may need to be funded internally by the water industry. In order to enable this the authors propose that the industry requires (1) a standard project evaluation process, and (2) an infrastructure funders' forum (or committee) with representation from both utilities and regulators, in order to compare and prioritise future reuse projects against each other. Copyright © 2017 Elsevier Ltd. All rights reserved.

  3. The work and perspective of the OECD/NEA in decommissioning

    International Nuclear Information System (INIS)

    O'Sullivan, P.; Pescatore, C.

    2008-01-01

    OECD member countries are increasingly faced with the need to make provisions for dealing with all aspects of dealing with the management of legacy nuclear installations, especially in terms of having in place adequate policies and regulatory frameworks for ensuring both safety and the efficient implementation of the decommissioning projects. Efficiency also requires that funding schemes are capable of providing adequate funds when required, even in the event that issues arise during implementation that were not anticipated during the planning phase. Waste management arrangements may encompass separate disposal routes for different categories of waste, including Very Low Level Waste, and may also include provisions for clearance and recycling. Recent moves in several countries towards establishing new nuclear programmes are bringing decommissioning activities into fresh focus, for reasons of public confidence (i.e. demonstrating that decommissioning can be done). In some instances existing nuclear sites will be used for the construction of new installations, but stakeholder issues are important for these sites as well. Maturing decommissioning experience should also provide lessons that would help in the reduction of lifetime costs for nuclear plants and other facilities. The challenge lying ahead is to establish a framework that will account for growing nuclear industrial activities in competitive, globalized markets, while maintaining and assuring the safety of decommissioning for the public and for workers. Within this context, institutional arrangements, stakeholder issues, costs and funding, waste management and release policies, as well as availability of technologies and skills, need to be kept under review. (authors)

  4. The planning of decommissioning activities within nuclear facilities - Generating a Baseline Decommissioning Plan

    International Nuclear Information System (INIS)

    Meek, N.C.; Ingram, S.; Page, J.

    2003-01-01

    BNFL Environmental Services has developed planning tools to meet the emerging need for nuclear liabilities management and decommissioning engineering both in the UK and globally. It can provide a comprehensive baseline planning service primarily aimed at nuclear power stations and nuclear plant. The paper develops the following issues: Decommissioning planning; The baseline decommissioning plan;The process; Work package; Compiling the information; Deliverables summary; Customer Benefits; - Planning tool for nuclear liability life-cycle management; - Robust and reliable plans based upon 'real' experience; - Advanced financial planning; - Ascertaining risk; - Strategy and business planning. The following Deliverables are mentioned:1. Site Work Breakdown Structure; 2. Development of site implementation strategy from the high level decommissioning strategy; 3. An end point definition for the site; 4. Buildings, operational systems and plant surveys; 5. A schedule of condition for the site; 6. Development of technical approach for decommissioning for each work package; 7. Cost estimate to WBS level 5 for each work package; 8. Estimate of decommissioning waste arisings for each work package; 9. Preparation of complete decommissioning programme in planning software to suit client; 10. Risk modelling of work package and overall project levels; 11. Roll up of costs into an overall cost model; 12. Cash flow, waste profiling and resource profiling against the decommissioning programme; 13. Preparation and issue of Final Report. Finally The BDP process is represented by a flowchart listing the following stages: [Power Station project assigned] → [Review project and conduct Characterisation review of power station] → [Identify work packages] → [Set up WBS to level 3] → [Assign work packages] → [Update WBS to level 4] →[Develop cost model] → [Develop logic network] → [Develop risk management procedure] ] → [Develop project strategy document]→ [Work package

  5. Assessment of financial management of the National Health Fund in 2005-2011

    Directory of Open Access Journals (Sweden)

    Agata Gastecka

    2015-04-01

    Full Text Available After many reforms of the Polish health care system, the current entity responsible for financing medical services to the insured patients is the National Health Fund. Despite the constantly increasing funds being allocated to the health care system, it still remains underfunded. A tool that facilitates the evaluation and assessment of the viability, stability and profitability of a business is called the financial analysis. The primary source of data necessary for the preparation of the financial analysis comes from the financial statement which includes the balance sheets, profit and loss account, notes, cash flow statement, and statement of changes in equity. On the basis of the information contained in these documents one can understand the structure of assets, earnings, revenues and expenses, as well as the level of indebtedness and liquidity. The National Health Fund has a monopoly on the health insurance market. Therefore, the financial management conducted by this entity should be based on the rationalization of the expenditure in terms of revenue and stable income generation. The financial analysis carried out between 2005 and 2011 showed that the total assets of the entity were dominated by the current assets which can be justified by the nature of the business. The structure of equity relative compared to the foreign capital did not show positive trends. Since 2009, the bad financial situation was manifested by the profit and loss accounts, which reached negative values and costs exceeding the revenue. The ratio analysis showed a high debt rates experienced by the health care payers. At the same time, however, the liquidity has been maintained.

  6. Compilation of the FY 1999 Department of the Navy Working Capital Fund Financial Statements

    National Research Council Canada - National Science Library

    2000-01-01

    ...) Cleveland Center consistently and accurately compiled and consolidated financial data received from Navy field organizations and other sources to prepare the FY 1999 Navy Working Capital Fund financial statements...

  7. Systematic Approach for Decommissioning Planning and Estimating

    International Nuclear Information System (INIS)

    Dam, A. S.

    2002-01-01

    Nuclear facility decommissioning, satisfactorily completed at the lowest cost, relies on a systematic approach to the planning, estimating, and documenting the work. High quality information is needed to properly perform the planning and estimating. A systematic approach to collecting and maintaining the needed information is recommended using a knowledgebase system for information management. A systematic approach is also recommended to develop the decommissioning plan, cost estimate and schedule. A probabilistic project cost and schedule risk analysis is included as part of the planning process. The entire effort is performed by a experienced team of decommissioning planners, cost estimators, schedulers, and facility knowledgeable owner representatives. The plant data, work plans, cost and schedule are entered into a knowledgebase. This systematic approach has been used successfully for decommissioning planning and cost estimating for a commercial nuclear power plant. Elements of this approach have been used for numerous cost estimates and estimate reviews. The plan and estimate in the knowledgebase should be a living document, updated periodically, to support decommissioning fund provisioning, with the plan ready for use when the need arises

  8. Report: Fiscal Years 2016 and 2015 Financial Statements for the Pesticide Registration Fund

    Science.gov (United States)

    Report #17-F-0365, August 14, 2017. Due to the material weakness in internal controls noted, the agency cannot provide reasonable assurance that financial data provided for the PRIA Fund accurately reflect the agency’s financial activities and balances.

  9. Report: Fiscal Years 2015 and 2014 Financial Statements for the Pesticide Registration Fund

    Science.gov (United States)

    Report #17-F-0315, July 10, 2017. Due to the material weakness in internal controls noted, the agency cannot provide reasonable assurance that financial data provided for the PRIA Fund accurately reflect the agency’s financial activities and balances.

  10. Nuclear reactor decommissioning: an analysis of the regulatory environments

    International Nuclear Information System (INIS)

    Cantor, R.

    1984-04-01

    The purpose of this study is to highlight some of the current and likely regulations that will significantly affect the costs, technical alternatives and financing schemes for reactor decommissioning encountered by electric utilities and their customers. The paper includes a general review of the decommissioning literature, as well as information on specific regulations at the federal, state, and utility levels. Available estimated costs for the decommissioning of individual reactors are also presented. Finally, classification of the specific policies into common trends and practices among the various regulatory bodies is used to examine more general regulatory environments and their potential financial implications

  11. The prospect of the DOE - CNPP bilateral contracts at the decommissioning stage

    International Nuclear Information System (INIS)

    Neretin, Yu.A.

    2002-01-01

    Obviously, the priority is the effective and purposeful consumption of the state accounts and foreign partners' funds at the CNPP decommissioning. Thereupon, it is expedient to use DOE and CNPP bilateral contracts experience in order to provide the decommissioning task performance at the schedule date

  12. Report: Fiscal Years 2014 and 2013 Financial Statements for the Pesticide Registration Fund

    Science.gov (United States)

    Report #16-F-0323, Sept 22, 2016. Due to the material weakness in internal controls noted, EPA cannot provide reasonable assurance that financial data provided for the PRIA Fund for FY 2014 accurately reflect the agency’s financial activities and balances.

  13. The National Security Education Trust Fund Financial Statements for FY 1994

    National Research Council Canada - National Science Library

    Gimble, Thomas

    1995-01-01

    .... We evaluated the management control structure established for the Trust Fund, and we assessed compliance with applicable laws and regulations that could have a material effect on the financial statements...

  14. Evolution or revolution? Dismantling the FASB standard on decommissioning costs

    International Nuclear Information System (INIS)

    Ferguson, J.S.

    1996-01-01

    The Financial Standards and Accounting Board has issued for comment a draft of proposed financial accounting standards pertaining to nuclear plant decommissioning. This article examines the proposed rules and discusses alternate approaches in those areas in which the author takes issue with the FASB draft

  15. International regulatory issues and approaches in the transition phase from operation to decommissioning

    International Nuclear Information System (INIS)

    Pyy, P.; Hrehor, M.; ); Murley, T.; Ranieri, R.; Laaksonen, J.

    2005-01-01

    Full text: The paper summarizes the work performed by an international group of senior nuclear safety regulators which was convened by the Committee on Nuclear Regulatory Activities (CNRA) of the OECD/Nuclear Energy Agency. The fundamental objective of this work was to identify the safety, environmental, organizational, human factors and public policy issues arising from decommissioning that will produce new challenges for the regulator. The study begins by recognizing that decommissioning is not simply an extension of operation and thus it is important for both the management of the facility and the regulator to understand the fundamental nature of the change taking place. Major regulatory policy issues discussed during this study include assurance of adequate funds, waste storage and disposal sites, material release criteria and site release criteria. Some of the important regulatory challenges relate to organizational and human factors, to safety and security requirements and to waste disposal and license termination. The importance of regular communication with both the corporate and site management and with public is recognized in the study as one of the key factors. When a nuclear facility ceases operation and enters into the decommissioning phase, both the operator and the regulator face a new set of challenges very different from those of an operating facility. The operator should have in place a strategic plan for decommissioning, prepared well in advance and reviewed by the regulatory body, to guide the facility managers and personnel through the changed circumstances. An essential part of the strategic plan should be the operator's plan for securing adequate funds to complete the decommissioning activities. In fact, the regulator should ensure that the operator sets aside funds, perhaps in a trust fund, while the facility is still operating and generating revenues. Both the operator and the regulator should expect a heightened public interest and concern

  16. Offshore decommissioning issues: deductibility and transferability

    Energy Technology Data Exchange (ETDEWEB)

    Parente, V.; Santos, M. dos [University of Sao Paulo (Brazil). Instituto de Electrotecnica; Ferreira, D. [State University of Campinas (Brazil). Dept. of Geology and Natural Resources; Luczynski, E. [Grupo de Estudos e Pesquisas Economico-Energeticas, Belem (Brazil)

    2006-10-15

    Dealing with the decommissioning of petroleum installations is a relatively new challenge to most producer countries. It is natural to expect that industry's experience in building platforms is much greater than the one of dismantling them. Even if manifold and varied efforts are underway towards establishing international ''best practices'' standards in this sector, countries still enjoy rather extensive discretionary power as they practice a particular national style in the regulation of decommissioning activities in their state's jurisdiction. The present paper offers a broad panorama of this discussion, concentrating mainly on two controversial aspects. The first one analyses the ex-ante deductibility of decommissioning costs as they constitute an ex-post expense. The second discussion refers to the assignment of decommissioning responsibility in the case of transfer of exploration and production rights to new lessees during the project's life. Finally the paper applies concepts commonly used in project financing as well as structures generally used in organising pension funds to develop insights into these discussions. (author)

  17. Optimising waste management performance - The key to successful decommissioning

    International Nuclear Information System (INIS)

    Keep, Matthew

    2007-01-01

    Available in abstract form only. Full text of publication follows: On the 1. of April 2005 the United Kingdom's Nuclear Decommissioning Authority became responsible for the enormous task of decommissioning the UK's civilian nuclear liabilities. The success of the NDA in delivering its key objectives of safer, cheaper and faster decommissioning depends on a wide range factors. It is self-evident, however, that the development of robust waste management practices by those charged with decommissioning liability will be at the heart of the NDA's business. In addition, the implementation of rigorous waste minimisation techniques throughout decommissioning will deliver tangible environmental benefits as well as better value for money and release funds to accelerate the decommissioning program. There are mixed views as to whether waste minimisation can be achieved during decommissioning. There are those that argue that the radioactive inventory already exists, that the amount of radioactivity cannot be minimised and that the focus of activities should be focused on waste management rather than waste minimisation. Others argue that the management and decommissioning of the UK's civilian nuclear liability will generate significant volumes of additional radioactive waste and it is in this area where the opportunities for waste minimisation can be realised. (author)

  18. Summary report of Hanford Site well remediation and decommissioning activities for fiscal year 1994

    International Nuclear Information System (INIS)

    Reynolds, K.D.

    1994-01-01

    Remediation and decommissioning of Hanford Site wells has become an integral part of Hanford Site Environmental Restoration (ER) and Resource Conservation and Recovery Act of 1976 (RCRA) groundwater monitoring programs. A well remediation and decommissioning program was funded and implemented in fiscal year (FY) 1993 under the RCRA and Operational Monitoring (ROM) Program. Funding for this work increased in FY 1994. In FY 1994 well decommissioning activities conducted for the ROM program were centered around the 200 West Area; activities for the ER program were centered in the Fitzner/Eberhart Arid Land Ecology (ALE) (Reserve) unit and the Wahluke Slope (North Slope) area. A total of 116 wells and test borings were decommissioned between the two programs during FY 1994. Additionally, five wells were identified as in need of remediation and were successfully brought into compliance with regulatory requirements. As Hanford Site restoration and remediation efforts increase in scope, the well decommissioning program will remain dynamic. The program will aggressively seek to fulfill the needs of the various environmental cleanup and groundwater/vadose monitoring programs. Wells that do not meet regulatory requirements for preservation will continually be identified and remediated or decommissioned accordingly

  19. Nuclear decommissioning trusts: A case for convertible bonds

    International Nuclear Information System (INIS)

    Nichols, R.W.

    1992-01-01

    Asset-liability management is studied with special emphasis on application of the author's findings to the management of nuclear decommissioning trusts (NDTs). The trust themselves are investment vehicles established to accumulate and build funds to be used to defray future decommissioning costs. Decommissioning, in turn, is the process of dismantling the shell of a nuclear reactor and the surrounding concrete structures, followed by disposal of the radioactive material, the objective being to return the site to a greenfield state i.e. the site is freed up for unrestricted use. Unfortunately, the assets of NDTs are not so easily managed. The liability that the trusts have been established to fund is a highly uncertain moving target for which little historical data is available. This study first develops a framework for selecting portfolios when the investment objective is to invest against a future liability. The challenge then is to build an investment strategy around an uncertain liability, in the presence of taxes and miscellaneous portfolio constraints. The study then explores the viability of convertible bonds for liability-driven investment strategies because of the hybrid debt/equity nature of these instruments

  20. Developing Financial Mechanisms for Long-Term Funding of Biodiversity Conservation

    OpenAIRE

    Jeri Larsen

    1993-01-01

    On March 12, 1992, the Regional Environment Divisions and the Global Environment Facility Administration in the Environment Department sponsored a one-day workshop. Conservation professionals, financial and legal specialists, and Bank operational staff involved with biodiversity, particularly Global Environment Facility (GEF) projects, gathered to discuss trust funds, endowments, and found...

  1. International Decommissioning Symposium 2000 (IDS 2000). Final Report

    International Nuclear Information System (INIS)

    Ebadian, M.A.

    2001-01-01

    The purpose of IDS 2000 was to deliver a world-class conference on applicable global environmental issues. The objective of this conference was to publicize environmental progress of individual countries, to provide a forum for technology developer and problem-holder interaction, to facilitate environmental and technology discussions between the commercial and financial communities, and to accommodate information and education exchange between governments, industries, universities, and scientists. The scope of this project included the planning and execution of an international conference on the decommissioning of nuclear facilities, and the providing of a business forum for vendors and participants sufficient to attract service providers, technology developers, and the business and financial communities. These groups, when working together with attendees from regulatory organizations and government decision-maker groups, provide an opportunity to more effectively and efficiently expedite the decommissioning projects

  2. Technical and economical problems of decommissioning nuclear power plants (NPP) in Russia

    International Nuclear Information System (INIS)

    Vaneev, M.

    2001-01-01

    The introduction per new century has brought to atomic Engineering many new problems. One of them, which has got a serious urgency, we now shall consider. It is a problem of decommissioning NPP in Russia. By 2014 all maintained nowadays NPP in Russian Federation will develop the regular service life. And all of them on idea should be removed from operation. But, as we understand, in today's difficult economic conditions, to it NPP the procedure of prolongation of service life will be applied, and where it is impossible by virtue of the various reasons, the procedure of translation NPP in nuclear - safe condition and in a mode of a long storage under supervision, before acceptance of the decision about a method and way of financing of a decommissioning will be applied. Possible the following variants will be: use platforms of the old NPP for construction new NPP, or using as burial place NPP. The variant of a decommissioning up to a condition 'green grass' is represented unprofitable because of its dearness. The similar decommissioning was carried out in Japan. Was removed from operation research reactor of a type WWR. The expenses for this method of a decommissioning considerably surpass expenses for a method of a burial place NPP basically because of high cost of dismantle and transportation in long-term storehouses of the 1 contour equipment. The most urgent problem of decommissioning NPP, which developed their regular service life - is financing this final stage of a exploitation cycle of the block. I shall remind, that the financing is carried out from uniform fund of decommissioning. The formation of this fund occurs by deduction 1.3 % of cost of the put electric power to the consumers by all maintained NPP of Russia. The expenditure of this fund is carried on time on some tens years. They are spent for 3 basic stages: preparation to decommissioning NPP, long endurance under supervision, dismantle and burial the NPP equipment. Nowadays on faculty NPP MPEI

  3. [Saskatchewan Fund for environmental problems]. Annual report and financial statements 1996--1997

    International Nuclear Information System (INIS)

    1997-01-01

    This gives the annual report of the Fund, established by the Provincial Government in 1989 to replace the well deposit system and to provide the government with a means to address unique oil and gas related environmental problems. The Fund guarantees the proper drilling, completion and abandonment of wells, including surface restoration, and allows the government to respond to a major spill or environmental problem when liability for the problem cannot initially be determined. This report describes the purpose of the Fund, and summarizes its activities. A financial statement is included

  4. The Relationship between Financial Freedom, Financial Depth and Mutual Funds: Panel Bounds Testing Approach

    Directory of Open Access Journals (Sweden)

    Gönül YÜCE

    2013-03-01

    Full Text Available The purpose of this study is to investigate the nexus between mutual fund assets, financial freedom, and financial depth in 54 countries from 2000 to 2011 by employing panel ARDL bounds testing approach. To examine this linkage, we use the two-step procedure from ARDL bounds testing model: In first step, we explore the long-term relationship between the variables by using ARDL test of cointegration. Secondly, we employ a dynamic error correction model to explore the short-term relationship between the variables. All results suggest that there is a positive and statistically significant evidence between central bank independence, financial freedom, and economic growth in both long and short-term. Besides, long-term empirical results refer that current period central bank independence and financial freedom are the important factors for determining the national output level. In addition, the results of the short-term dynamics are parallel with the long-term estimation results. Furthermore, because the error correction term is found negative and statistically significant, it can be said that the variables converge to equilibrium quickly, and short-term imbalances will be overcomed in the long-term.

  5. The IAEA Safety Regime for Decommissioning

    International Nuclear Information System (INIS)

    Bell, M.J.

    2002-01-01

    Full text of publication follows: The International Atomic Energy Agency is developing an international framework for decommissioning of nuclear facilities that consists of the Joint Convention on the Safety of Spent Fuel Management and the Safety of Radioactive Waste Management, and a hierarchy of Safety Standards applicable to decommissioning. The Joint Convention entered into force on 18 June 2001 and as of December 2001 had been ratified by 27 IAEA Member States. The Joint Convention contains a number of articles dealing with planning for, financing, staffing and record keeping for decommissioning. The Joint Convention requires Contracting Parties to apply the same operational radiation protection criteria, discharge limits and criteria for controlling unplanned releases during decommissioning that are applied during operations. The IAEA has issued Safety Requirements document and three Safety Guides applicable to decommissioning of facilities. The Safety Requirements document, WS-R-2, Pre-disposal Management of Radioactive Waste, including Decommissioning, contains requirements applicable to regulatory control, planning and funding, management of radioactive waste, quality assurance, and environmental and safety assessment of the decommissioning process. The three Safety Guides are WS-G-2.1, Decommissioning of Nuclear Power Plants and Research Reactors, WS-G-2.2, Decommissioning of Medical, Industrial and Research Facilities, an WS-G-2.4, Decommissioning of Nuclear Fuel Cycle Facilities. They contain guidance on how to meet the requirements of WS-R-2 applicable to decommissioning of specific types of facilities. These Standards contain only general requirements and guidance relative to safety assessment and do not contain details regarding the content of the safety case. More detailed guidance will be published in future Safety Reports currently in preparation within the Waste Safety Section of the IAEA. Because much material arising during the decommissioning

  6. PENSION FUNDS AND THE FINANCIAL CRISIS IN THE CEE COUNTRIES

    Directory of Open Access Journals (Sweden)

    Milos Laura Raisa

    2012-12-01

    Full Text Available In this paper, the authors analyze the influence of the international financial crisis on the current architecture of the CEE pension systems and their further reforms. As a consequence of the financial crisis, the very fragile pension reform has been subject of debate in the new member states of European Union, given their deep recession and registered fiscal deficits. In many of the CEE countries, which have adopted/developed later the second pillar, the financial crisis has raised questions in what concerns the benefit of moving to a mixed pension system, in comparison with the former one, which relied exclusively on public pay-as-you-go schemes. The current literature analyses the situation in each of the CEE countries, but does not make an overall analysis of the situation of the CEE countries, member of the European Union. The authors show the short-term negative effects of the financial crisis on the pension reform in these countries, but also the longer run effects, on the continuing deteriorating finances of these pension systems, in the context of the aging of population and unsustainable pension schemes. Alongside reviewing and commenting the national authorities’ responses to the financial crisis, we are proposing also some measures meant to enhance the further pension system reform and to improve the performance of the private pension funds. Pensions have a long-time horizon and it would be very wrong to produce a reversal of the past reforms since the main problems of adequacy and sustainability remain vivid (demographic challenge and population aging. It is also true though that, while shifting from an exclusively public pay-as-you-go system towards a mixed pension system, especially in times of financial crisis, authorities must pay increased attention to the management and supervision of the DC pension plans, to the risk management standards and regulations of the private pension funds, alongside other measures meant to

  7. Defense Business Operations Fund Consolidated Statement of Financial Position for FY 1994

    National Research Council Canada - National Science Library

    Rau, Russell

    1995-01-01

    The objective of the audit was to determine whether the Statement of Financial Position of the Defense Business Operations Fund for FY 1994 was fairly presented in accordance with Office of Management...

  8. Bank Funding Structures and Risk; Evidence From the Global Financial Crisis

    OpenAIRE

    Pablo Federico; Francisco F. Vazquez

    2012-01-01

    This paper analyzes the evolution of bank funding structures in the run up to the global financial crisis and studies the implications for financial stability, exploiting a bank-level dataset that covers about 11,000 banks in the U.S. and Europe during 2001?09. The results show that banks with weaker structural liquidity and higher leverage in the pre-crisis period were more likely to fail afterward. The likelihood of bank failure also increases with bank risk-taking. In the cross-section, th...

  9. Ratemaking treatment of decommissioning costs by the Federal Energy Regulatory Commission

    International Nuclear Information System (INIS)

    Lenart, R.J.

    1985-01-01

    The Nuclear Regulatory Commission (NRC) has the responsibility for the assurance of funds at the time of decommissioning. The Federal Energy Regulatory Commission (FERC), in conjunction with the State Public Utility Commissions, have the responsibilty to ensure that utilities have just and reasonable rates and an opportunity to collect an appropriate amount of dollars to decommission a nuclear reactor at the conclusion of its service life. Therefore, the Federal Energy Regulatory Commission allows utilities to include nuclear power plant decommissioning costs in rates based on the following ratemaking concepts: (1) that the methodology used by a utility equitably allocates costs between present and future ratepayers who receive service from a nuclear unit; (2) that, given the uncertainty and imprecision that are included in cost estimates for events that will transpire 20-40 years in the future, the FERC chose to err on the low side rather than run the risk of overcharging current customers for future decommissioning expense; and (3) that, as decommissioning experience accumulates, as decommissioning technology improves, and as decommissioning estimates become more refined, utilities would continue to seek revised decommissioning expense allowances from FERC in order to ensure that actual decommissioning costs are recovered over the useful life in which the plant provides service

  10. Decommissioning Challenges, strategy and programme development

    Energy Technology Data Exchange (ETDEWEB)

    Potier, J.M.; Laraie, M.; Dinner, P. [Waste Technology Section, Dept. of Nuclear Energy, International Atomic Energy Agency (IAEA), Vienna (Austria); Pescatore, C.; O' Sullivan [Organisation for Economic Co-Operation and Development, Nuclear Energy Agency, 75 - Paris (France); Dupuis, M.C. [Agence Nationale pour la Gestion des Dechets Radioactifs (ANDRA), 92 - Chatenay Malabry (France); Szilagyi, A.; Collazo, Y.; Negin, Ch. [U.S. Department of Energy, Washington, DC (United States)

    2008-11-15

    This document gathers 4 short articles. The first one presents the IAEA decommissioning activities. These activities include: -) the development and implementation of the international action on decommissioning, -) the provision of experts and equipment to assist member states, -) networking activities such as training or exchange of knowledge and experience. The second article presents the work program of the Nea (nuclear energy agency) in the field of decommissioning and reports on the lessons that have been learnt. Among these lessons we can quote: -) selecting a strategy for decommissioning and funding it adequately, -) regulating the decommissioning of nuclear activities, -) thinking of the future in terms of reusing materials, buildings and sites, -) involving local and regional actors in the decommissioning process from decision-making to dismantling work itself, and -) increasing transparency in decision-making in order to build trust. The third article presents the management of radioactive wastes in France. This management is based on the categorization of wastes in 6 categories according to both the activity level and the radioactive half-life T: 1) very low activity, 2) low activity and T < 31 years, 3) low activity and T > 31 years, 4) intermediate activity and T < 31 years, 5) intermediate activity and T > 31 years, and 6) high activity. For categories 1, 2, 3 and 5, the waste treatment process and the disposal places have been operating for a long time while for categories 4 and 6, the disposal places are still being studied: low-depth repository and deep geological repository respectively. The last article presents the action of the US Department of energy in decommissioning activities and environmental remediation, the example of the work done at the ancient nuclear site of Rocky Flats gives an idea of the magnitude and complexity of the operations made. (A.C.)

  11. Status of the Decommissioning Project Management Information System Development of KAERI in 2015

    International Nuclear Information System (INIS)

    Jin, Hyung Gon; Park, Seungkook; Park, Heeseong; Song, Chanho

    2015-01-01

    Various information systems have been developed and used at decommissioning sites for planning a project, record keeping for a post management and cost estimation. KAERI is the only one expert group which has decommissioning experiences and KAERI is trying to develop computer code to converge all the data which has been accumulated during KRR-1 and 2 and UCP (Uranium Conversion Plant) decommission. KRR-1 and KRR-2 are TRIGA MARK type of research reactor which were constructed worldwide. Hence, there are many chance to use decommissioning experiences and data when other TRIGA MARK type of research reactors start to decommission. KAERI DPMIS stands for Decommissioning Project Management Information System, which is aiming to re-use of data effectively. As a responsible leading group of Korean decommissioning research field, KAERI has been developing DPMIS application program, which is going to be an important mile stone of decommission industry in Korea. User friendly graphical interface and lots of actual data let people well understood on decommission planning. It is expected that continuous effort and funds will be delivered to this research

  12. Status of the Decommissioning Project Management Information System Development of KAERI in 2015

    Energy Technology Data Exchange (ETDEWEB)

    Jin, Hyung Gon; Park, Seungkook; Park, Heeseong; Song, Chanho [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2015-10-15

    Various information systems have been developed and used at decommissioning sites for planning a project, record keeping for a post management and cost estimation. KAERI is the only one expert group which has decommissioning experiences and KAERI is trying to develop computer code to converge all the data which has been accumulated during KRR-1 and 2 and UCP (Uranium Conversion Plant) decommission. KRR-1 and KRR-2 are TRIGA MARK type of research reactor which were constructed worldwide. Hence, there are many chance to use decommissioning experiences and data when other TRIGA MARK type of research reactors start to decommission. KAERI DPMIS stands for Decommissioning Project Management Information System, which is aiming to re-use of data effectively. As a responsible leading group of Korean decommissioning research field, KAERI has been developing DPMIS application program, which is going to be an important mile stone of decommission industry in Korea. User friendly graphical interface and lots of actual data let people well understood on decommission planning. It is expected that continuous effort and funds will be delivered to this research.

  13. Department of Defense Financial Management Regulation. Volume 13. Nonappropriated Funds Policy and Procedures

    National Research Council Canada - National Science Library

    1994-01-01

    .... In addition, it directs statutory and regulatory financial reporting requirements. This Volume prescribes standard accounting principles and practices for all DoD nonappropriated fund instrumentalities (NAFIs...

  14. CONSIDERATIONS FOR THE DEVELOPMENT OF A DEVICE FOR THE DECOMMISSIONING OF THE HORIZONTAL FUEL CHANNELS IN THE CANDU 6 NUCLEAR REACTOR PART 5 - FUEL CHANEL DECOMMISSIONING

    Directory of Open Access Journals (Sweden)

    Gabi ROSCA FARTAT

    2014-05-01

    Full Text Available As many nuclear power plants are reaching their end of lifecycle, the decommissioning of these installations has become one of the 21st century’s great challenges. Each project may be managed differently, depending on the country, development policies, financial considerations, and the availability of qualified engineers or specialized companies to handle such projects. The principle objective of decommissioning is to place a facility into such a condition that there is no unacceptable risk from the decommissioned facility to public health and safety of the environment. In order to ensure that at the end of its life the risk from a facility is within acceptable bounds, action is normally required. The overall decommissioning strategy is to deliver a timely, cost-effective program while maintaining high standards of safety, security and environmental protection. If facilities were not decommissioned, they could degrade and potentially present an environmental radiological hazard in the future. Simply abandoning or leaving a facility after ceasing operations is not considered to be an acceptable alternative to decommissioning. The final aim of decommissioning is to recover the geographic site to its original condition.

  15. Internal Controls and Compliance with Laws and Regulations for the National Defense Stockpile Transaction Fund Financial Statements for FY 1996

    National Research Council Canada - National Science Library

    Lane, F

    1997-01-01

    The Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994, requires an annual audit of revolving funds such as the National Defense Stockpile Transaction Fund...

  16. Technology, safety, and costs of decommissioning a reference large irradiator and reference sealed sources

    Energy Technology Data Exchange (ETDEWEB)

    Haffner, D.R.; Villelgas, A.J. [Pacific Northwest Lab., Richland, WA (United States)

    1996-01-01

    This report contains the results of a study sponsored by the US Nuclear Regulatory Commission (NRC) to examine the decommissioning of large radioactive irradiators and their respective facilities, and a broad spectrum of sealed radioactive sources and their respective devices. Conceptual decommissioning activities are identified, and the technology, safety, and costs (in early 1993 dollars) associated with decommissioning the reference large irradiator and sealed source facilities are evaluated. The study provides bases and background data for possible future NRC rulemaking regarding decommissioning, for evaluation of the reasonableness of planned decommissioning actions, and for determining if adequate funds are reserved by the licensees for decommissioning of their large irradiator or sealed source facilities. Another purpose of this study is to provide background and information to assist licensees in planning and carrying out the decommissioning of their sealed radioactive sources and respective facilities.

  17. Technology, safety, and costs of decommissioning a reference large irradiator and reference sealed sources

    International Nuclear Information System (INIS)

    Haffner, D.R.; Villelgas, A.J.

    1996-01-01

    This report contains the results of a study sponsored by the US Nuclear Regulatory Commission (NRC) to examine the decommissioning of large radioactive irradiators and their respective facilities, and a broad spectrum of sealed radioactive sources and their respective devices. Conceptual decommissioning activities are identified, and the technology, safety, and costs (in early 1993 dollars) associated with decommissioning the reference large irradiator and sealed source facilities are evaluated. The study provides bases and background data for possible future NRC rulemaking regarding decommissioning, for evaluation of the reasonableness of planned decommissioning actions, and for determining if adequate funds are reserved by the licensees for decommissioning of their large irradiator or sealed source facilities. Another purpose of this study is to provide background and information to assist licensees in planning and carrying out the decommissioning of their sealed radioactive sources and respective facilities

  18. Rancho Seco--Decommissioning Update

    International Nuclear Information System (INIS)

    Newey, J. M.; Ronningen, E. T.; Snyder, M. W.

    2003-01-01

    The Rancho Seco Nuclear Generating Station ceased operation in June of 1989 and entered an extended period of SAFSTOR to allow funds to accumulate for dismantlement. Incremental dismantlement was begun in 1997 of steam systems and based on the successful completion of work, the Sacramento Municipal Utility District (SMUD) board of directors approved full decommissioning in July 1999. A schedule has been developed for completion of decommissioning by 2008, allowing decommissioning funds to accumulate until they are needed. Systems removal began in the Auxiliary Building in October of 1999 and in the Reactor Building in January of 2000. Systems dismantlement continues in the Reactor Building and should be completed by the end of 2003. System removal is near completion in the Auxiliary Building with removal of the final liquid waste tanks in progress. The spent fuel has been moved to dry storage in an onsite ISFSI, with completion on August 21, 2002. The spent fuel racks are currently being removed from the pool, packaged and shipped, and then the pool will be cleaned. Also in the last year the reactor coolant pumps and primary piping were removed and shipped. Characterization and planning work for the reactor vessel and internals is also in progress with various cut-up and/or disposal options being evaluated. In the year ahead the remaining systems in the Reactor Building will be removed, packaged and sent for disposal, including the pressurizer. Work will be started on embedded and underground piping and the large outdoor tanks. Building survey and decontamination will begin. RFP's for removal of the vessel and internals and the steam generators are planned to fix the cost of those components. If the costs are consistent with current estimates the work will go forward. If they are not, hardened SAFSTOR/entombment may be considered

  19. Appropriated Capital Used in the FY 1995 Defense Business Operations Fund Financial Statements

    National Research Council Canada - National Science Library

    Lane, F

    1997-01-01

    .... 1996 Defense Business Operations Fund consolidated financial statements were presented fairly in accordance with the "other comprehensive basis of accounting" described in Office of Management and Budget Bulletin...

  20. A National Nuclear Fund was created

    International Nuclear Information System (INIS)

    Svolik, S.

    2006-01-01

    National Nuclear Fund for Decommissioning of the Nuclear Equipment and for Treatment of the Spent Nuclear Fuel and Radio Active Wastes - this is the full name of the newly established fund, because the State Fund of Liquidation of the Nuclear and Energetic Equipment has been cancelled by course of law. (author)

  1. Inspector General, DoD, Oversight of the Army Audit Agency Audit of the FY 1998 Army General Fund Financial Statements

    National Research Council Canada - National Science Library

    1999-01-01

    ... Financial Statements for Fiscal Year 1998: Summary Audit Rep oft." Our objective was to determine the accuracy and completeness of the Army Audit Agency audit of the FY 1998 Army General Fund Fund Financial Statements...

  2. The new revision of NPP Krsko decommissioning, radioactive waste and spent fuel management program: analyses and results

    International Nuclear Information System (INIS)

    Zeleznik, Nadja; Kralj, Metka; Lokner, Vladimir; Levanat, Ivica; Rapic, Andrea; Mele, Irena

    2010-01-01

    The preparation of the new revision of the Decommissioning and Spent Fuel (SF) and Low and Intermediate level Waste (LILW) Disposal Program for the NPP Krsko (Program) started in September 2008 after the acceptance of the Term of Reference for the work by Intergovernmental Committee responsible for implementation of the Agreement between the governments of Slovenia and Croatia on the status and other legal issues related to investment, exploitation, and decommissioning of the Nuclear power plant Krsko. The responsible organizations, APO and ARAO together with NEK prepared all new technical and financial data and relevant inputs for the new revision in which several scenarios based on the accepted boundary conditions were investigated. The strategy of immediate dismantling was analyzed for planned and extended NPP life time together with linked radioactive waste and spent fuel management to calculate yearly annuity to be paid by the owners into the decommissioning funds in Slovenia and Croatia. The new Program incorporated among others new data on the LILW repository including the costs for siting, construction and operation of silos at the location Vrbina in Krsko municipality, the site specific Preliminary Decommissioning Plan for NPP Krsko which included besides dismantling and decontamination approaches also site specific activated and contaminated radioactive waste, and results from the referenced scenario for spent fuel disposal but at very early stage. Important inputs for calculations presented also new amounts of compensations to the local communities for different nuclear facilities which were taken from the supplemented Slovenian regulation and updated fiscal parameters (inflation, interest, discount factors) used in the financial model based on the current development in economical environment. From the obtained data the nominal and discounted costs for the whole nuclear program related to NPP Krsko which is jointly owned by Slovenia and Croatia have

  3. Establishment and Evaluation of Decommissioning Plant Inventory DB and Waste Quantity

    International Nuclear Information System (INIS)

    Oh, Jae Yong; Moon, Sang-Rae; Yun, Taesik; Kim, Hee-Geun; Sung, Nak-Hoon; Jung, Seung Hyuk

    2016-01-01

    Korea Hydro and Nuclear Power (KHNP) made a decision for permanent shutdown of Kori-1 and has progressed the strategy determination and R and D for the decommissioning of Kori-1. Decommissioning waste, Structure, System and Components (SSCs) is one of the most important elements. Decommissioning waste quantity is calculated based on Plant Inventory Database (PI DB) with activation and contamination data. Due to the largest portion of waste management and disposal in decommissioning, it is necessary to exactly evaluate waste quantity (applying the regulation, guideline and site-specific characterization) for economic feasibility. In this paper, construction of PI DB and evaluation of waste quantity for Optimized Pressurized Reactor (OPR-1000) are mainly described. Decommissioning waste quantities evaluated are going to be applied to calculation of the project cost. In fact, Ministry of Trade, Industry and Energy (MOTIE) in Korea expected the decommissioning waste quantity in a range of 14,500-18,850 drums, and predicted appropriate liability for decommissioning fund by using waste quantity. The result of this study is also computed by the range of 14,500-18,850 drums. Since there is no site-specific data for the NPP site, this evaluation is the preliminary analysis

  4. Establishment and Evaluation of Decommissioning Plant Inventory DB and Waste Quantity

    Energy Technology Data Exchange (ETDEWEB)

    Oh, Jae Yong; Moon, Sang-Rae; Yun, Taesik; Kim, Hee-Geun [KHNP CRI, Daejeon (Korea, Republic of); Sung, Nak-Hoon; Jung, Seung Hyuk [KONES Corp., Seoul (Korea, Republic of)

    2016-10-15

    Korea Hydro and Nuclear Power (KHNP) made a decision for permanent shutdown of Kori-1 and has progressed the strategy determination and R and D for the decommissioning of Kori-1. Decommissioning waste, Structure, System and Components (SSCs) is one of the most important elements. Decommissioning waste quantity is calculated based on Plant Inventory Database (PI DB) with activation and contamination data. Due to the largest portion of waste management and disposal in decommissioning, it is necessary to exactly evaluate waste quantity (applying the regulation, guideline and site-specific characterization) for economic feasibility. In this paper, construction of PI DB and evaluation of waste quantity for Optimized Pressurized Reactor (OPR-1000) are mainly described. Decommissioning waste quantities evaluated are going to be applied to calculation of the project cost. In fact, Ministry of Trade, Industry and Energy (MOTIE) in Korea expected the decommissioning waste quantity in a range of 14,500-18,850 drums, and predicted appropriate liability for decommissioning fund by using waste quantity. The result of this study is also computed by the range of 14,500-18,850 drums. Since there is no site-specific data for the NPP site, this evaluation is the preliminary analysis.

  5. Organization and rational control of the decommissioning operations: STMI, an expert enterprise

    International Nuclear Information System (INIS)

    Godard, H.

    1988-01-01

    The decommissioning of a nuclear facility is an example of industrial operation, when the different steps are considered: definition of the purposes, financial plan, operations planning, contract and operations control. However, due to the nuclear nature of the operations particular conditions are present. The STMI enterprise has already performed decommissioning operations. The experience acquired must be followed by: rational actions, the first step leading to the classification of the priorities; investigations leading to the operations planning, to the safety report and to the contract; and by the decommissioning operations. These rational actions are the subject of the present communication [fr

  6. National and international cost aspects of decommissioning and dismantling

    International Nuclear Information System (INIS)

    Mittler, M.; Lukacs, G.

    1996-01-01

    The German concept applied for the planning of nuclear power plant decommissioning activities and for cost estimates is accepted also internationally as an exemplary scheme. The decommissioning costs essentially are determined by the factor ''time'', and time under the German concept is a factor primarily influenced by the licensing procedure. In other countries, particularly in the USA, the procedure is much more pragmatic, as much more responsibility lies with the supervising and licensing authorities for aspects such as safety and environmental compatibility, and economically efficient use of public funds in particular. (orig./DG)

  7. Decommissioning of nuclear power plants: policies, strategies and costs

    International Nuclear Information System (INIS)

    Lund, I.

    2004-01-01

    As many nuclear power plants will reach the end of their lifetime during the next 20 years or so, decommissioning is an increasingly important topic for governments, regulators and industries. From a governmental viewpoint, particularly in a deregulated market, one essential aspect is to ensure that money for the decommissioning of nuclear installations will be available at the time it is needed, and that no 'stranded' liabilities will be left to be financed by the taxpayers rather than by the electricity consumers. For this reason, there is governmental interest in understanding decommissioning costs, and in periodically reviewing decommissioning cost estimates from nuclear installation owners. Robust cost estimates are key elements in designing and implementing a coherent and comprehensive national decommissioning policy including the legal and regulatory bases for the collection, saving and use of decommissioning funds. From the industry viewpoint, it is essential to assess and monitor decommissioning costs in order to develop a coherent decommissioning strategy that reflects national policy and assures worker and public safety, whilst also being cost effective. For these reasons, nuclear power plant owners are interested in understanding decommissioning costs as best as possible and in identifying major cost drivers, whether they be policy, strategy or 'physical' in nature. National policy considerations will guide the development of national regulations that are relevant for decommissioning activities. Following these policies and regulations, industrial managers responsible for decommissioning activities will develop strategies which best suit their needs, while appropriately meeting all government requirements. Decommissioning costs will be determined by technical and economic conditions, as well as by the strategy adopted. Against this backdrop, the study analyses the relationships among decommissioning policy as developed by governments, decommissioning

  8. Report by the External Auditors on the Accounts of the CERN Pension Fund for the Financial Year 2005 Comments by the Administration of the Fund

    CERN Document Server

    2006-01-01

    The report on the audit of the accounts of the Pension Fund for the 2005 financial year is given in document CERN/FC/5046 CERN/2671. This document contains the comments of the Administration of the Fund.

  9. Report by the external auditors on the accounts of the CERN Pension Fund for the financial year 2003 - Comments by the Administration of the Fund

    CERN Document Server

    2004-01-01

    The report on the audit of the accounts of the Pension Fund for the 2003 financial year is given in document CERN/FC/4813 CERN/2562. This document contains the comments of the Administration of the Fund.

  10. Report by the External Auditors on the Accounts of the CERN Pension Fund for the Financial Year 2004 - Comments by the Administration of the Fund

    CERN Document Server

    2005-01-01

    The report on the audit of the accounts of the Pension Fund for the 2004 financial year is given in document CERN/FC/4926-CERN/2612. This document contains the comments of the Administration of the Fund.

  11. Uncertainties affecting fund collection, management and final utilisation

    International Nuclear Information System (INIS)

    Soederberg, Olof

    2006-01-01

    The paper presents, on a general level, major uncertainties in financing systems aiming at providing secure funding for future costs for decommissioning. The perspective chosen is that of a fund collector/manager. The paper also contains a description of how these uncertainties are dealt within the Swedish financing system and particularly from the perspective of the Board of the Swedish Nuclear Waste Fund. It is concluded that existing uncertainties are a good reason not to postpone decommissioning activities to a distant future. This aspect is important also when countries have in place financing systems that have been constructed in order to be robust against identified uncertainties. (author)

  12. Report: Fiscal Years 2014 and 2013 Financial Statements for the Pesticides Reregistration and Expedited Processing Fund

    Science.gov (United States)

    Report #16-F-0322, September 22, 2016. Due to the material weakness in internal controls noted, EPA cannot provide reasonable assurance that financial data provided for the FIFRA Fund accurately reflect the agency’s financial activities and balances.

  13. Technical and economic aspects of nuclear power plant decommissioning

    International Nuclear Information System (INIS)

    Glauberman, H.; Manion, W.J.

    1977-01-01

    Nuclear power plants may be decommissioned by one of three primary methods - mothballing, entombing, or dismantling, or by using combinations such as mothballing or entombing for a period of time followed by dismantling. Mothballing or entombing both result in an end-product which requires surveillance and maintenance for a significant period to ensure protection of public health and safety. This paper discusses costs for each of the decommissioning methods, including factors that will influence the method selected as well as the total costs. Decommissioning costs have been estimated for an 1100-MW(e) light-water reactor within one year after shutdown following forty years of operation. The basic economic parameters for each decommissioning method were developed using unit cost factors based on known costs of previously decommissioned reactors. Decommissioning cost estimates range from less than four million dollars for mothballing to about forty million dollars for complete dismantling. Estimated cost of entombment is about ten million dollars. Subsequent annual cost of surveillance and maintenance for a reactor facility using the mothballing or entombment method could be as high as US $200,000. Although some tooling development will be needed for removing highly activated reactor vessel segments and internals, technology is currently available and has been demonstrated on prior decommissionings, e.g. the BONUS and HALLUM reactor entombments and the Elk River Reactor complete dismantling. Costs associated with decommissioning are significant; however, allowance for them either as a one-time construction period sinking fund, or annual depreciation type operating allowance, will have little effect on construction or on operating costs. (author)

  14. Recovery of decommissioning and spent fuel charges

    International Nuclear Information System (INIS)

    Bermanis, G.

    1982-01-01

    The licensing and financial aspects of NPP decommissioning, deactivation and dismantling of radioactive equipment in the USA are considered. Data on the costs of spent fuel transport and conservation are given. The state of the problem development in other countries is briefly described. It is pointed out that the technical aspect of the problem is much better studied than that of license-financial problem. At the same time in contrast to TPP NPP use is connected with considerable expenses after the end of a power plant sevice time

  15. Report: Fiscal Years 2015 and 2014 Financial Statements for the Pesticides Reregistration and Expedited Processing Fund

    Science.gov (United States)

    Report #17-F-0314, July 10, 2017. Due to the material weakness in internal controls noted, the agency cannot provide reasonable assurance that financial data provided for the FIFRA Fund accurately reflect the agency’s financial activities and balances.

  16. Report: Fiscal Years 2016 and 2015 Financial Statements for the Pesticides Reregistration and Expedited Processing Fund

    Science.gov (United States)

    Report #17-F-0364, August 14, 2017. Due to the material weakness in internal controls noted, the agency cannot provide reasonable assurance that financial data provided for the FIFRA Fund accurately reflect the agency’s financial activities and balances.

  17. Decommissioning Work Modeling System for Nuclear Facility Decommissioning Design

    International Nuclear Information System (INIS)

    Park, S. K.; Cho, W. H.; Choi, Y. D.; Moon, J. K.

    2012-01-01

    During the decommissioning activities of the KRR-1 and 2 (Korea Research Reactor 1 and 2) and UCP (Uranium Conversion Plant), all information and data, which generated from the decommissioning project, were record, input and managed at the DECOMMIS (DECOMMissioning Information management System). This system was developed for the inputting and management of the data and information of the man-power consumption, operation time of the dismantling equipment, the activities of the radiation control, dismantled waste management and Q/A activities. When a decommissioning is planed for a nuclear facility, an investigation into the characterization of the nuclear facility is first required. The results of such an investigation are used for calculating the quantities of dismantled waste volume and estimating the cost of the decommissioning project. That is why, the DEFACS (DEcommissioning FAcility Characterization DB System) was established for the management of the facility characterization data. The DEWOCS (DEcommissioning WOrk-unit productivity Calculation System) was developed for the calculation of the workability on the decommissioning activities. The work-unit productivities are calculated through this system using the data from the two systems, DECOMMIS and DEFACS. This result, the factors of the decommissioning work-unit productivities, will be useful for the other nuclear facility decommissioning planning and engineering. For this, to set up the items and plan for the decommissioning of the new objective facility, the DEMOS (DEcommissioning work Modeling System) was developed. This system is for the evaluation the cost, man-power consumption of workers and project staffs and technology application time. The factor of the work-unit productivities from the DEWOCS and governmental labor cost DB and equipment rental fee DB were used for the calculation the result of the DEMOS. And also, for the total system, DES (Decommissioning Engineering System), which is now

  18. The European Union, Financial Crises and the Regulation of Hedge Funds: A Policy Cul-de-Sac or Policy Window?

    Directory of Open Access Journals (Sweden)

    David John Lutton

    2008-11-01

    Full Text Available A series of financial crises involving hedge funds has created a general perception that action needs to be taken. A number of key member states and political actors favour tighter regulation. Traditional bureaucratic theory suggests that the European Commission would seek to maximise this ‘policy window’, and yet there remains no single unified European Union (EU regulatory framework specifically targeting hedge funds. The nature of the regulatory regime, which has generally demanded a ‘light touch’ approach, means there are strict limits the EU’s ability to act. From an EU perspective, hedge fund regulation appears to be a policy cul-de-sac. However, the relationship between hedge funds and financial crisis is complex and less straightforward than is often portrayed. Hedge fund regulation cannot, however, be considered in isolation but should be viewed in the context of a wider programme to integrate European financial services markets. Viewed from this perspective, EU regulation is in fact changing the landscape of the hedge fund industry through a process of negative integration.

  19. Review of decommissioning, spent fuel and radwaste management in Slovakia

    International Nuclear Information System (INIS)

    Jamrich, J.

    2000-01-01

    Two nuclear power plants with two WWER reactors are currently under operation in Jaslovske Bohunice and NPP A-1 is under decommissioning on the same site. At the second nuclear site in the Slovak Republic in Mochovce third nuclear power plant with two units is in operation. In accordance with the basic Slovak legislation (Act on Peaceful Utilisation of Nuclear Energy) defining the responsibilities, roles and authorities for all organisations involved in the decommissioning of nuclear installations Nuclear Regulatory Authority requires submission of conceptual decommissioning plans by the licensee. The term 'decommissioning' is used to describe the set of actions to be taken at the end of the useful life of a facility, in order to retire the facility from service while, simultaneously, ensuring proper protection of the workers, the general public and the environment. This set of activities is in principle comprised of planning and organisation of decommissioning inclusive strategy development, post-operational activities, implementation of decommissioning (physical and radiological characterisation, decontamination, dismantling and demolition, waste and spent fuel management), radiological, aspects, completion of decommissioning as well as ensuring of funding for these activities. Responsibility for nuclear installations decommissioning, radwaste and spent fuel, management in Slovakia is with a subsidiary of Slovak Electric called Nuclear Installations Decommissioning Radwaste and Spent Fuel Management (acronym SE VYZ), established on January 1, 1996. This paper provides description of an approach to planning of the NPP A-1 and NPPs with WWER reactors decommissioning, realisation of treatment, conditioning and disposal of radwaste, as well as spent fuel management in Slovakia. It takes into account that detail papers on all these issues will follow later during this meeting. (author)

  20. Financial auditing at enterprises for control of projects realized with credit fund-raising

    Science.gov (United States)

    Lukmanova, Inessa

    2017-10-01

    The article analyzes methods of conducting financial audit under the construction control of projects implemented with raising credit funds in modern conditions. This work aims to improve the methodological toolkit of construction control when lending projects of the construction of transport infrastructure. The paper considers correlations of various procedures of construction control, financial audit and organizational and technical factors affecting investment and construction projects. The authors presented the logical scheme of the process of lending to legal entities and developed an algorithm of the procedure for conducting a financial audit, allowing to make possible adjustments and the right decision.

  1. Cost estimation for decommissioning: a review of current practice

    International Nuclear Information System (INIS)

    O'Sullivan, P.; Pescatore, C.

    2009-01-01

    It is now common practice for decommissioning plans and associated cost estimates to be prepared for all nuclear installations. Specific requirements are generally set out in regulations that have their basis in national legislation. These estimates are important for ensuring that the necessary funds are being collected to cover the actual costs of decommissioning the facility. The long time horizon for both amassing and disbursing these funds is a particular concern for national authorities. It is thus important to maintain a realistic estimate of the liabilities involved and to confirm the adequacy of the provisions to discharge them over time. Estimates of decommissioning costs have been performed and published by many organisations for many different purposes and applications. The results often vary because of differences in basic assumptions such as the choice of the decommissioning strategy (immediate vs. deferred), the availability of waste management pathways, the assumed end states of installations, the detailed definition of cost items, technical uncertainties, unforeseen events, the evolution of regulation and requirements. Many of these differences may be unavoidable since a reasonable degree of reliability and accuracy can only be achieved by developing decommissioning cost estimates on a case-by-case, site-specific basis. Moreover, even if considerable efforts are made to obtain reliable estimates, unforeseen events may cause estimates to go wrong. The issue of how to deal with uncertainties is therefore an important one, leading in turn to the need for risk management in terms of making adequate funding provisions. In March 2008, a questionnaire was circulated among the organisations participating in the NEA Decommissioning and Cost Estimation Group (DCEG). Information was collected on legal requirements and the responsibilities of the main parties concerned with the preparation and oversight of cost estimates, the main cost elements and associated

  2. The use of fund accounting and the need for single fund reporting by institutional healthcare providers. Principles and Practices Board Statement No. 8. Healthcare Financial Management Association.

    Science.gov (United States)

    1986-06-01

    For many years, hospitals and other institutional healthcare providers used fund accounting as a basis for presenting their financial statements. Recently, authoritative literature has placed less emphasis on separate fund reporting. This is evidenced by the reduction of fund classifications specified in the literature. This trend seems to follow the recognition that institutional healthcare activities should be reported in a manner comparable to other businesses. The Principles and Practices Board (P&P Board) of the Healthcare Financial management Association believes that general purpose financial statements of institutional healthcare providers should be comparable to reporting by other businesses. That is, all assets, liabilities, and equity are presented in a single aggregated balance sheet without differentiation by fund. This form of presentation, referred to in this statement as single fund reporting, should be used by all institutional healthcare providers including those that are part of HMOs, universities, municipalities, and other larger entities when separate reports of the provider are issued. The P&P Board is studying other significant issues concerning the reporting of revenues and components of equity and changes therein. The conclusion in this statement can be implemented even though conclusions on these related subjects are not yet complete. The P&P Board recognizes that certain circumstances may require detailed records and reports for special purposes. This statement deals only with those general purpose financial statements on which an independent accountant's opinion is expressed.

  3. Implications of Project-Based Funding of Research on Budgeting and Financial Management in Public Universities

    Science.gov (United States)

    Raudla, Ringa; Karo, Erkki; Valdmaa, Kaija; Kattel, Rainer

    2015-01-01

    The main goal of the paper is to explore--both theoretically and empirically--the implications of project-based research funding for budgeting and financial management at public universities. The theoretical contribution of the paper is to provide a synthesized discussion of the possible impacts of project-based funding on university financial…

  4. Plan for reevaluation of NRC policy on decommissioning of nuclear facilities

    International Nuclear Information System (INIS)

    1978-12-01

    The present decommissioning regulations contained in Sections 50.33(f) and 50.82 of 10 CFR part 50 require applicants for power reactor operating licenses to demonstrate that they can obtain the funds needed to meet both operating costs and estimated costs of shutdown and decommissioning. The development of detailed, specific decommissioning plans for nuclear power plants is not currently required until the licensee seeks to terminate his operating license. Recognizing that the current generation of large commercial reactors and supporting nuclear facilities would substantially increase the need for future decommissionings, the NRC staff began an in-depth review and reevaluation of NRC's regulatory approach to decommissioning in 1975. The Nuclear Regulatory Commission is now considering development of a more explicit overall policy for nuclear facility decommissioning and amending its regulations in 10 CFR Parts 30, 40, 50, and 70 to include more specific guidance on decommissioning criteria for production and utilization facility licensees and byproduct, source, and special nuclear material licensees. In response to comments from the public and states, and to information gained during the initial stage of execution of the plan, several modifications of the plan are now required. The revised overall report sets forth in detail the current NRC staff plan for the development of an overall NRC policy on decommissioning of nuclear facilities

  5. The decommissioning of the Latina nuclear power plant

    International Nuclear Information System (INIS)

    Bolla, G.; Macci, E.; Craik, J.F.D.; Walkden, P.

    2001-01-01

    Over the past year, a revised decommissioning programme, drawing upon the combined experience of the two companies, has been developed for the Latina NPP. This has been achieved despite a very demanding time-scale. Theoretical and practical experiences from both Sogin and BNFL's operations in North America and Europe have been used to quantify liabilities and progress the planning process to the point where Sogin have been able to define their funding requirements for Latina with their stakeholders. The project has demonstrated, based on real experience and data, that the Latina NPP can be decommissioned economically for a known cost within the timescale set by the Italian Government. (author)

  6. Defense Finance and Accounting Service Work on the Navy Defense Business Operations Fund FY 1995 Financial Statements

    National Research Council Canada - National Science Library

    lane, F

    1996-01-01

    ... Financial Statements of the Navy Defense Business Operations Fund. We also planned to determine whether FY 1995 ending balances reported by DFAS Cleveland Center are usable as beginning balances for FY 1996 financial statements...

  7. An analysis of decommissioning costs for the AFRRI TRIGA reactor facility

    International Nuclear Information System (INIS)

    Forsbacka, Matt

    1990-01-01

    A decommissioning cost analysis for the AFRRI TRIGA Reactor Facility was made. AFRRI is not at this time suggesting that the AFRRI TRIGA Reactor Facility be decommissioned. This report was prepared to be in compliance with paragraph 50.33 of Title 10, Code of Federal Regulations which requires the assurance of availability of future decommissioning funding. The planned method of decommissioning is the immediate decontamination of the AFRRI TRIGA Reactor site to allow for restoration of the site to full public access - this is called DECON. The cost of DECON for the AFRRI TRIGA Reactor Facility in 1990 dollars is estimated to be $3,200,000. The anticipated ancillary costs of facility site demobilization and spent fuel shipment is an additional $600,000. Thus the total cost of terminating reactor operations at AFRRI will be about $3,800,000. The primary basis for this cost estimate is a study of the decommissioning costs of a similar reactor facility that was performed by Battelle Pacific Northwest Laboratory (PNL) as provided in USNRC publication NUREG/CR-1756. The data in this study were adapted to reflect the decommissioning requirements of the AFRRI TRIGA. (author)

  8. Workshop on decommissioning

    International Nuclear Information System (INIS)

    Broden, K.

    2005-12-01

    A Nordic workshop on decommissioning of nuclear facilities was held at Risoe in Denmark September 13-15, 2005. The workshop was arranged by NKS in cooperation with the company Danish Decommissioning, DD, responsible for decommissioning of nuclear facilities at Risoe. Oral presentations were made within the following areas: International and national recommendations and requirements concerning decommissioning of nuclear facilities Authority experiences of decommissioning cases Decommissioning of nuclear facilities in Denmark Decommissioning of nuclear facilities in Sweden Plans for decommissioning of nuclear facilities in Norway Plans for decommissioning of nuclear facilities in Finland Decommissioning of nuclear facilities in German and the UK Decommissioning of nuclear facilities in the former Soviet Union Results from research and development A list with proposals for future work within NKS has been prepared based on results from group-work and discussions. The list contains strategic, economical and political issues, technical issues and issues regarding competence and communication. (au)

  9. EUROPEAN MONETARY FUND - BETWEEN ILLUSION AND FUTURE INSTRUMENT FOR EUROPEAN FINANCIAL STABILITY

    Directory of Open Access Journals (Sweden)

    Firtescu Bogdan

    2010-12-01

    Full Text Available The finance crises that culminate with the Greece situation shows that majority of European countries are facing balance-of-payments difficulties and it is clear that actual mechanism couldnt face the situation. This paper wants to highlight some of the proposals related to the development mechanisms, such the creation of the European Monetary Fund or the design of the European Mechanism for Financial Stability (EMFS, which could include the EMF, showing also the actual mechanism of financing through International Monetary Fund (IMF.Some pro and counter arguments are furthermore taken into discussion.

  10. Legal and Regulatory Frameworks for Decommissioning and Waste Management

    International Nuclear Information System (INIS)

    Leech, Jonathan

    2016-01-01

    Safe and efficient decommissioning and waste management requires clear structures for allocating responsibility and funding. Organisation of decommissioning and waste management activities and the regulatory environment within which those activities are undertaken should also allow the supply chain to prosper and, wherever possible, reduce barriers to international availability of resources and waste facilities. Radioactive waste treatment and disposal in particular raises both legal and political challenges to effective international co-operation, yet options for decommissioning and waste management are maximised where international barriers can be minimised. Added to this, international nuclear liabilities issues must be managed so as to avoid unnecessary deterrents to international mobility of capability within the decommissioning market. Contractual terms and insurance arrangements for international shipments of nuclear waste and materials will also need to take into account imminent changes to liabilities conventions, ensuring compliance and management of compliance costs (of both insurance and management time). This paper explores legal and commercial structures intended to support effective decommissioning and waste management and examines regulatory and commercial factors affecting the ability of facility operators to utilise internationally available capability. It focusses on: - strategic approaches developed in the UK to address decommissioning and waste management liabilities associated with the UK's first and second generation civil nuclear sites and comparison of those approaches with other jurisdictions with significant decommissioning liabilities; - liability and compliance risks associated with navigating international nuclear liabilities regimes in context of both mobility of decommissioning capability and international waste shipment; and - regulatory issues affecting international availability of waste treatment facilities, including

  11. Technical and economic aspects of nuclear power plant decommissioning

    International Nuclear Information System (INIS)

    Glauberman, H.; Manion, W.J.

    1977-01-01

    Nuclear power plants may be decommissioned by one of three primary methods, namely, mothballing, entombing, or dismantling or by using combinations such as mothballing or entombing for a period of time followed by dismantling. Mothballing or entombing both result in an end-product which require surveillance and maintenance for a significant period of time to ensure protection of public health and safety. This paper discusses costs for each of the decommissioning methods, including factors that will influence the method selected as well as the total costs. Decommissioning costs have been estimated for a 1100 MW(e) light water reactor within one year after shutdown following forty years of operation. The basic economic parameters for each decommissioning method were developed using unit cost factors based on known costs of previously decommissioned reactors. Decommissioning cost estimates range from less than four million dollars for mothballing to about forty million dollars for complete dismantling. Estimated cost of entombment is about ten million dollars. Subsequent annual cost of surveillance and maintenance for a reactor facility using the mothballing or entombment method could be as high as $200,000. Although some tooling development will be needed for the removal of the highly activated reactor vessel segments and internals, technology is currently available and has been demonstrated on prior decommissionings, e.g., the BONUS and HALLUM reactor entombments and the Elk River Reactor complete dismantling. Costs associated with decommissioning are significant; however, allowance for them either as a one-time construction period sinking fund or annual depreciation type operating allowance will have little impact on either construction or operating costs

  12. Calculating Program for Decommissioning Work Productivity based on Decommissioning Activity Experience Data

    Energy Technology Data Exchange (ETDEWEB)

    Song, Chan-Ho; Park, Seung-Kook; Park, Hee-Seong; Moon, Jei-kwon [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2014-10-15

    KAERI is performing research to calculate a coefficient for decommissioning work unit productivity to calculate the estimated time decommissioning work and estimated cost based on decommissioning activity experience data for KRR-2. KAERI used to calculate the decommissioning cost and manage decommissioning activity experience data through systems such as the decommissioning information management system (DECOMMIS), Decommissioning Facility Characterization DB System (DEFACS), decommissioning work-unit productivity calculation system (DEWOCS). In particular, KAERI used to based data for calculating the decommissioning cost with the form of a code work breakdown structure (WBS) based on decommissioning activity experience data for KRR-2.. Defined WBS code used to each system for calculate decommissioning cost. In this paper, we developed a program that can calculate the decommissioning cost using the decommissioning experience of KRR-2, UCP, and other countries through the mapping of a similar target facility between NPP and KRR-2. This paper is organized as follows. Chapter 2 discusses the decommissioning work productivity calculation method, and the mapping method of the decommissioning target facility will be described in the calculating program for decommissioning work productivity. At KAERI, research on various decommissioning methodologies of domestic NPPs will be conducted in the near future. In particular, It is difficult to determine the cost of decommissioning because such as NPP facility have the number of variables, such as the material of the target facility decommissioning, size, radiographic conditions exist.

  13. Calculating Program for Decommissioning Work Productivity based on Decommissioning Activity Experience Data

    International Nuclear Information System (INIS)

    Song, Chan-Ho; Park, Seung-Kook; Park, Hee-Seong; Moon, Jei-kwon

    2014-01-01

    KAERI is performing research to calculate a coefficient for decommissioning work unit productivity to calculate the estimated time decommissioning work and estimated cost based on decommissioning activity experience data for KRR-2. KAERI used to calculate the decommissioning cost and manage decommissioning activity experience data through systems such as the decommissioning information management system (DECOMMIS), Decommissioning Facility Characterization DB System (DEFACS), decommissioning work-unit productivity calculation system (DEWOCS). In particular, KAERI used to based data for calculating the decommissioning cost with the form of a code work breakdown structure (WBS) based on decommissioning activity experience data for KRR-2.. Defined WBS code used to each system for calculate decommissioning cost. In this paper, we developed a program that can calculate the decommissioning cost using the decommissioning experience of KRR-2, UCP, and other countries through the mapping of a similar target facility between NPP and KRR-2. This paper is organized as follows. Chapter 2 discusses the decommissioning work productivity calculation method, and the mapping method of the decommissioning target facility will be described in the calculating program for decommissioning work productivity. At KAERI, research on various decommissioning methodologies of domestic NPPs will be conducted in the near future. In particular, It is difficult to determine the cost of decommissioning because such as NPP facility have the number of variables, such as the material of the target facility decommissioning, size, radiographic conditions exist

  14. Decommissioning plan - decommissioning project for KRR 1 and 2 (revised)

    Energy Technology Data Exchange (ETDEWEB)

    Jung, K. J.; Paik, S. T.; Chung, U. S.; Jung, K. H.; Park, S. K.; Lee, D. G.; Kim, H. R.; Kim, J. K.; Yang, S. H.; Lee, B. J

    2000-10-01

    This report is the revised Decommissioning Plan for the license of TRIGA research reactor decommissioning project according to Atomic Energy Act No. 31 and No. 36. The decommissioning plan includes the TRIGA reactor facilities, project management, decommissioning method, decontamination and dismantling activity, treatment, packaging, transportation and disposal of radioactive wastes. the report also explained the radiation protection plan and radiation safety management during the decommissioning period, and expressed the quality assurance system during the period and the site restoration after decommissioning. The first decommissioning plan was made by Hyundai Engineering Co, who is the design service company, was submitted to the Ministry of Science and Technology, and then was reviewed by the Korea Institute of Nuclear Safety. The first decommissioning plan was revised including answers for the questions arising from review process.

  15. Decommissioning plan - decommissioning project for KRR 1 and 2 (revised)

    International Nuclear Information System (INIS)

    Jung, K. J.; Paik, S. T.; Chung, U. S.; Jung, K. H.; Park, S. K.; Lee, D. G.; Kim, H. R.; Kim, J. K.; Yang, S. H.; Lee, B. J.

    2000-10-01

    This report is the revised Decommissioning Plan for the license of TRIGA research reactor decommissioning project according to Atomic Energy Act No. 31 and No. 36. The decommissioning plan includes the TRIGA reactor facilities, project management, decommissioning method, decontamination and dismantling activity, treatment, packaging, transportation and disposal of radioactive wastes. the report also explained the radiation protection plan and radiation safety management during the decommissioning period, and expressed the quality assurance system during the period and the site restoration after decommissioning. The first decommissioning plan was made by Hyundai Engineering Co, who is the design service company, was submitted to the Ministry of Science and Technology, and then was reviewed by the Korea Institute of Nuclear Safety. The first decommissioning plan was revised including answers for the questions arising from review process

  16. Decommissioning economic risk advisor: DERAD Version 1.0 user's manual. Final report

    International Nuclear Information System (INIS)

    Gjerde, A.R.; Qian, M.; Govil, P.; Balson, W.E.

    1995-04-01

    DERAD - Decommissioning Economic and Risk ADvisor - is a decision support tool designed to help utility decision makers analyze economics and financial risk of decommissioning nuclear power plants. Your current copy of DERAD, Version 1.0, is customized for PWR configurated plants. DERAD has been developed by Decision Focus Incorporated under EPRI sponsorship. If you have ideas or recommendations for how we can improve and enhance future versions of DERAD, we would like to hear from you

  17. Decommissioning Handbook

    International Nuclear Information System (INIS)

    Cusack, J.G.; Dalfonso, P.H.; Lenyk, R.G.

    1994-01-01

    The Decommissioning Handbook provides technical guidance on conducting decommissioning projects. Information presented ranges from planning logic, regulations affecting decommissioning, technology discussion, health and safety requirements, an developing a cost estimate. The major focus of the handbook are the technologies -- decontamination technologies, waste treatment, dismantling/segmenting/demolition, and remote operations. Over 90 technologies are discussed in the handbook providing descriptions, applications, and advantages/disadvantages. The handbook was prepared to provide a compendium of available or potentially available technologies in order to aid the planner in meeting the specific needs of each decommissioning project. Other subjects presented in the Decommissioning Handbook include the decommissioning plan, characterization, final project configuration based planning, environmental protection, and packaging/transportation. These discussions are presented to complement the technologies presented in the handbook

  18. Decommissioning Handbook

    Energy Technology Data Exchange (ETDEWEB)

    1994-03-01

    The Decommissioning Handbook is a technical guide for the decommissioning of nuclear facilities. The decommissioning of a nuclear facility involves the removal of the radioactive and, for practical reasons, hazardous materials to enable the facility to be released and not represent a further risk to human health and the environment. This handbook identifies and technologies and techniques that will accomplish these objectives. The emphasis in this handbook is on characterization; waste treatment; decontamination; dismantling, segmenting, demolition; and remote technologies. Other aspects that are discussed in some detail include the regulations governing decommissioning, worker and environmental protection, and packaging and transportation of the waste materials. The handbook describes in general terms the overall decommissioning project, including planning, cost estimating, and operating practices that would ease preparation of the Decommissioning Plan and the decommissioning itself. The reader is referred to other documents for more detailed information. This Decommissioning Handbook has been prepared by Enserch Environmental Corporation for the US Department of Energy and is a complete restructuring of the original handbook developed in 1980 by Nuclear Energy Services. The significant changes between the two documents are the addition of current and the deletion of obsolete technologies and the addition of chapters on project planning and the Decommissioning Plan, regulatory requirements, characterization, remote technology, and packaging and transportation of the waste materials.

  19. Decommissioning Cost Assessment

    International Nuclear Information System (INIS)

    Labor, Bea

    2012-03-01

    The future costs for dismantling, decommissioning and handling of associated radioactive waste of nuclear installations represents substantial liabilities. It is the generations that benefits from the use of nuclear installations that shall carry the financial burden. Nuclear waste programmes have occasionally encountered set-backs related to the trust from society. This has resulted in delayed, redirected or halted activities, which has the common denominator of costs increases. In modern democratic countries, information sharing, knowledge transfer and open communication about costs for the management of radioactive waste are prerequisites for the task to develop modern methods for public participation and thus to develop well-founded and justified confidence for further development of nuclear energy. Nuclear and radiation safety Authorities have a clear role to provide unbiased information on any health, safety, financial and environmental related issues. This task requires a good understanding of the values and opinion of the public, and especially those of the younger generation

  20. Economic development, flow of funds, and the equilibrium interaction of financial frictions

    Science.gov (United States)

    Moll, Benjamin; Townsend, Robert M.; Zhorin, Victor

    2017-01-01

    We use a variety of different datasets from Thailand to study not only the extremes of micro and macro variables but also within-country flow of funds and labor migration. We develop a general equilibrium model that encompasses regional variation in the type of financial friction and calibrate it to measured variation in regional aggregates. The model predicts substantial capital and labor flows from rural to urban areas even though these differ only in the underlying financial regime. Predictions for micro variables not used directly provide a model validation. Finally, we estimate the impact of a policy of counterfactual, regional isolationism. PMID:28592655

  1. Main Determinants of the Mutual Funds Dynamics in Romania before and after the Financial Crisis

    OpenAIRE

    Radu Ioana; Nistor Ioan Alin; Ciupac-Ulici Maria Lenuþa

    2012-01-01

    In an attempt to identify the main determinants of attraction or inhibitive factors for investments, the current paper evaluates the Romanian mutual fund market development. Using a regression analysis on quarterly data during 2004Q3 – 2012Q2, the study explores the impact of current financial crisis on mutual funds. The paper is organized as it follows. Part 2 presents a brief literature review and extracts the studies that appreciate best the determinants of the mutual funds dynamics. Next ...

  2. Decommissioning of nuclear facilities in Europe and the experience of TUV SUD

    International Nuclear Information System (INIS)

    Hummel, Lothar; Kim, Duill; Ha, Taegun; Yang, Kyunghwa

    2012-01-01

    Many commercial nuclear facilities of the first generation will be taken out of operation in the near future. As of January 2012, total 19 prototype and commercial nuclear reactors have been decommissioned or are under dismantling in Germany. Most of decommissioning projects were successfully performed and a great deal of experience has been accumulated. Selecting a decommissioning strategy is a very important step at the beginning of the decision making process. According to IAEA requirements immediate dismantling is chosen as a preferred option in many countries today. It is associated with less uncertainty, positive political and social effect, and it can make use of existing operational experience and know-how. The availability of funds and final repository is of high importance for a decommissioning strategy selection. The time frame for the dismantling of nuclear facilities depends on the type, size and complexity of the individual project. TUV SUD, which is supervising most of nuclear power plants in Germany, has accumulated lots of experience by taking parts in decommissioning projects. It direct dismantling is chosen, actual light water reactor in Germany decommissioned to green field in approx. 10 years. The activities of TUV SUD cover from establishing the decommissioning concept to the clearance of the sites. This provides an overview of decommissioning projects of nuclear facilities in Europe, including a detail illustration of the German situation. Finally, some recommendations are suggested for the first decommissioning project based on the lessons and experiences derived from many decommissioning works in Europe

  3. Decommissioning of units 1 - 4 at Kozloduy nuclear power plant in Bulgaria

    International Nuclear Information System (INIS)

    Dishkova, Denitsa

    2014-01-01

    Nuclear safety and security are absolute priorities for the European Union countries and this applies not only to nuclear power plants in operation but also to decommissioning. In terms of my technical background and my working experience in the field of licensing and environmental impact assessment during the decommissioning of Units 1 to 4 at Kozloduy Nuclear Power Plant (KNPP) in Bulgaria, I decided to present the strategy for decommissioning of Units 1 to 4 at KNPP which was selected and followed to achieve safe and effective decommissioning process. The selected strategy in each case must meet the legislative framework, to ensure safe management of spent fuel and radioactive waste, to provide adequate funding and to lead to positive socio-economic impact. The activities during the decommissioning generate large volume of waste. In order to minimize their costs and environmental impact it should be given a serious consideration to the choice, the development and the implementation of the most adequate process for treatment and the most appropriate measurement techniques. The licensing process of the decommissioning activities is extremely important and need to cope with all safety concerns and ensure optimal waste management. (authors)

  4. Final generic environmental impact statement on decommissioning of nuclear facilities

    International Nuclear Information System (INIS)

    1988-08-01

    This final generic environmental impact statement was prepared as part of the requirement for considering changes in regulations on decommissioning of commercial nuclear facilities. Consideration is given to the decommissioning of pressurized water reactors, boiling water reactors, research and test reactors, fuel reprocessing plants (FRPs) (currently, use of FRPs in the commercial sector is not being considered), small mixed oxide fuel fabrication plants, uranium hexafluoride conversion plants, uranium fuel fabrication plants, independent spent fuel storage installations, and non-fuel-cycle facilities for handling byproduct, source and special nuclear materials. Decommissioning has many positive environmental impacts such as the return of possibly valuable land to the public domain and the elimination of potential problems associated with increased numbers of radioactively contaminated facilities with a minimal use of resources. Major adverse impacts are shown to be routine occupational radiation doses and the commitment of nominally small amounts of land to radioactive waste disposal. Other impacts, including public radiation doses, are minor. Mitigation of potential health, safety, and environmental impacts requires more specific and detailed regulatory guidance than is currently available. Recommendations are made as to regulatory decommissioning particulars including such aspects as decommissioning alternatives, appropriate preliminary planning requirements at the time of commissioning, final planning requirements prior to termination of facility operations, assurance of funding for decommissioning, environmental review requirements. 26 refs., 7 figs., 68 tabs

  5. Main Results of Updated Decommission Conception of NPPs Operating in Ukraine

    International Nuclear Information System (INIS)

    Purtov, Oleg; Masko, Alexander; Vasilchenko, Victor

    2014-01-01

    Results of long-term planning analysis based on consideration of 6 possible scenarios for the nuclear energy development with 15 years and 20 years life time extensions of operation of nuclear power units beyond 30 year provided by original design are presented in the updated decommission conception of NPP's operating in Ukraine. These characteristics of the two main options for NPP decommissioning deferred or immediate dismantling, which is close to the level of acceptability with relative superiority variant of deferred dismantling, are presented. The best option for NPP unit decommissioning as comparative analysis results is the option with deferred dismantling with 30 years endurance time. It can be taken as a basis for optimal strategies for NPP unit decommission design development. Cost estimations for the decommissioning of WWER-440 and WWER-1000 reactor type units are presented in the updated conception. The updated cost assessment for required annual payments with uniform accumulation costs to the Decommission Fund corresponding deferred dismantling variant with 20 years life time extension operation time is 98,2 mln US$ per year. This value is 3.61% of the electricity generated by NPP's in Ukraine and supplied to the wholesale electricity market of Ukraine in 2012 base year. (authors)

  6. The compatibility of the governance of nuclear power plant de commissioning and of the competitive regime en Europe

    International Nuclear Information System (INIS)

    Tchapga, F.

    2003-01-01

    Nuclear power plant decommissioning is a mandatory operation for which financial arrangements have been defined. Current European decommissioning reserve find management models were designed in a context of operator monopolies and public property regime. Because of electricity sector restructuring; businesses are no longer protected from market sanctions and stock market volatility (affecting firm's financial viability). These potential sanctions create uncertainty on the decommission in financing mechanism. Thus, the form of decommissioning funds management (internal or external) appears as the main compatibility determinant with the electricity competition regimes. In a market risks environment, external management solutions improve credibility of operator's decommissioning commitment. (authors)

  7. Report of the State Auditor. State Colleges in Colorado. Financial, State-Funded Student Financial Assistance Programs, and NCAA Audits. Fiscal Year Ended June 30, 1995.

    Science.gov (United States)

    Barba, J. David

    The results of a Colorado State audit of the consolidated financial statements are reported, along with the statements of appropriations, expenditures, transfers and reversions for state-funded Student Financial Assistance Programs for the four State Colleges in Colorado for the year ended June 30, 1995. Specific recommendations are given for each…

  8. Decommissioning of Brennilis NPP

    International Nuclear Information System (INIS)

    Baize, Jean-Marc

    1998-01-01

    This EDF press communique give information related to the decommissioning of the Brennilis NPP. The following five items are developed in this report: 1. the level-2 decommissioning operations at the Brennilis NPP; 2. the Brennilis NPP, a pilot operation from the commissioning up to the decommissioning; 3. history of the Brennilis NPP decommissioning; 4. the types of radioactive wastes generated by the Brennilis NPP decommissioning; 5. the Brennilis NPP - a yard management as a function of the wastes. The document contains also seven appendices addressing the following subjects: 1. the share of decommissioning assigned to EDF and the decommissioning steps; 2. the EDF installations in course of decommissioning; 3. the CEA decommissioned installations or in course of decommissioning; 4. regulations; 5. costs; 6. waste management - principles; 7. data on the decommissioning yard

  9. 75 FR 10561 - Request for Public Comment: Community Development Financial Institutions Fund, Community...

    Science.gov (United States)

    2010-03-08

    ... contribution to the reserve fund (not less than the premium charges paid by the borrower and the financial..., gross revenues, operating expenses, restricted assets, unrestricted cash and cash equivalents). Should... liabilities); (ii) Positive net income (gross revenues less total expenses) measured on a three-year rolling...

  10. Major Deficiencies Preventing Auditors From Rendering Audit Opinions on DOD General Fund Financial Statements

    National Research Council Canada - National Science Library

    Rauu, Russell

    1995-01-01

    .... We plan to issue a similar report each year. The audit objective was to identify and summarize the major deficiencies that prevented auditors from rendering audit opinions, other than disclaimers, on Army and Air Force general fund financial...

  11. Decommissioning of a brachytherapy facility at the Oncology Hospital in Havana

    International Nuclear Information System (INIS)

    Benitez, J.C.; Salgado, M.; Madrazo, S.; Castillo, R.; Marcos, J.; Flores, J.

    2001-01-01

    In the past the National Institute of Oncology and Radiobiology (INOR) used 226 Ra sealed sources for brachytherapy service. For technical obsolescence and safety considerations the brachytherapy facility was shutdown. Most 226 Ra sources were collected from the hospital in 1996, but for different reasons, not all radium sources could be evacuated by this time. Some of them were leaking which caused contamination of the place. In May 1997 the Direction of the Hospital requested the Center for Radiation Protection and Hygiene (CPHR) to evaluate the radiological situation in the contaminated areas and to carry out the decontamination of the rooms and the decommissioning of the brachytherapy facility for unrestricted use. Contamination surveys conducted during this year confirmed the contamination of the facility. Once all necessary conditions were in place the decontamination of rooms and the decommissioning of this facility took place as in June 1999. In order to perform such a work the Hospital received the authorization from the National Centre for Nuclear Safety (Cuban's Regulatory Body) as a License for Decommissioning. The decommissioning process greatly benefited from early planning. This included an assessment of available documentation and operational history of the brachytherapy facility, the definition of responsibilities for each activity, technical seminars with personnel from the hospital and specialist from CPHR in charge of the decommissioning activities, safety assessment of the radiological and non-radiological hazards, the evaluation of available waste management provisions, the availability of financial resources as well as the review of lessons learned from previous projects. The characterization of the facility was a very important task in the selection of decommissioning alternative. During decommissioning operations, radiation monitoring of workers was carried out. In order to evaluate the radiological situation in the contaminated rooms

  12. [Analysis on funds application of community based organizations involved in HIV/AIDS response and government financial investment in China, 2014].

    Science.gov (United States)

    Zhang, G; Zhu, Y X; Wang, P; Liu, P; Li, J F; Sha, S; Yang, W Z; Li, H

    2017-03-06

    Objective: To understand the government financial investments to community based organizations (CBO) involved in HIV/AIDS Control and Prevention of China and its influencing factors. Methods: Questionnaire of the situation of CBO involved in HIV/AIDS control and prevention were designed, and filled by the staff of Provincial Health Administrative Departments of 31 provinces (autonomous regions and municipalities). The research focused on the fields of CBO involved in HIV/AIDS response in 31 provinces (autonomous regions and municipalities), including intervention on HIV/AIDS high risk population (female sex worker (FSW), man who sex with man (MSM), drug user (DU) and case management and care for people living with HIV/AIDS (PLWH)). 29 valid questionnaires were collecting, with Shanxi Province and Inner Mongolia Autonomous Regions not filled. Questionnaire included financial supports from local governments, transfer payment from central government for CBO involved in HIV/AIDS response in 2014, and unit cost for CBO involved in HIV/AIDS control and prevention. Multivariate analysis was conducted on the project application and financial investment of community based organizations involved in HIV/AIDS control and prevention in 2014. Results: The total amount of CBO to apply for participation in AIDS prevention and control was 64 482 828 Yuan in 2014. The actual total amount of investment was 50 616 367 Yuan, The investment came from the central government funding, the provincial level government funding, the prefecture and county level government funding investment and other sources of funding. 22 of 28 provinces (autonomous regions and municipalities) received the funds from the central government finance, and median of investment funds 500 000 Yuan. 15 provinces (autonomous regions and municipalities) gained the funds from the provincial government finance, and median of investment funds 350 000 Yuan. 12 provinces (autonomous regions and municipalities) got the funds

  13. Compilation of the FY 1998 Army General Fund Financial Statements at the Defense Finance and Accounting Service Indianapolis Center

    National Research Council Canada - National Science Library

    1999-01-01

    Our objective was to determine whether the DFAS Indianapolis Center consistently and accurately compiled financial data from field activities and other sources for the FY 1998 Army General Fund financial statements...

  14. Shippingport Station Decommissioning Project Start of Physical Decommissioning

    International Nuclear Information System (INIS)

    Crimi, F. P.

    1987-01-01

    The Shippingport Atomic Power Station consists of the nuclear steam supply system and associated radioactive waste processing systems, which are owned by the United States Department of Energy, and the turbine-generator and balance of plant, which is owned by the Duquesne Light Company. The station is located at Shippingport, Pennsylvania on seven acres of land leased by DOE from Duquesne Light Company. The Shippingport Station Decommissioning Project is being performed under contract to the DOE by the General Electric Company and its integrated subcontractor, Morrison-Knudsen Company. as the Decommissioning Operations Contractor. This paper describes the current status of the physical decommissioning work, which started September 1985. The preparations required to start a major decommissioning work effort in a safe and cost effective manner are discussed including the development and implementation of a cost/schedule control system. The detailed plan required to ensure that people, property, and procedures are ready in sufficient time to support the start of physical decommissioning is also discussed. The total estimated cost of the Shippingport Station Decommissioning Project should be $98.3 M, with the Project scheduled for completion in April 1990. As the decommissioning of the first commercial-scale nuclear power plant, the Shippingport Project is expected to set the standard for safe, cost-effective demolition of nuclear plants

  15. Decommissioning in the United States - Past, present and future - 16318

    International Nuclear Information System (INIS)

    Devgun, Jas S.

    2009-01-01

    The experience related to decommissioning of nuclear facilities in the United States is very substantial and covers power reactors, research reactors, and many facilities in the Department of Energy complex. The focus of this paper however is on the commercial power plants. With 104 operating reactors, the U.S. fleet of civilian reactors is still the largest in the world. Nuclear power industry in the United States has undergone a dramatic upturn after decades of stalemate. One effect of this nuclear renaissance has been that the plans have changed for several reactors that were initially destined for decommissioning. Instead, the focus now is on re-licensing of the reactors and on power up-rates. In fact, after the peak period between 1987 and 1998, no additional power reactors have been shutdown. On the contrary, power up-rates in the past twenty years have added a cumulative capacity equivalent to five new reactors. Almost all the operating reactors plan to have license extensions, thus postponing the eventual decommissioning. Nevertheless, in addition to the 9 reactors where licenses have been terminated following decommissioning, 12 power and early demonstration reactors and 14 test and research reactors are permanently shutdown and are in decommissioning phase. Substantial experience and lessons learned are available from the U.S. projects that are of value to the international decommissioning projects, especially where such projects are in early stages. These lessons cover a wide array of areas from decommissioning plans, technology applications, large component removal, regulatory and public interface, decommissioning funding and costs, clean up criteria, surveys of the decommissioned site, and license termination. Additionally, because of the unavailability of a national spent fuel disposition facility, most decommissioning sites are constructing above ground interim storage facilities for the spent nuclear fuel. The U.S. nuclear power projects are also

  16. Wage dispersion and pension funds: Financialisation of non-financial corporations in the USA

    Directory of Open Access Journals (Sweden)

    ILHAN DÖGÜS

    2018-03-01

    Full Text Available The paper argues that wage dispersion between white-collar and blue-collar workers has caused the rise and expansion of pension funds in a direct and long-run structural manner in the USA. Using data from the Saez-Zucman and the St. Louis Fed’s FRED datasets, the argument is empirically analysed on yearly data for the period 1964-2012 in the USA. The results confirm the existence of a long-run relationship of causality from wage dispersion to the share of pension funds within US households’ financial wealth. Applying a vector error correction model to the data it emerges that the variance in pension funds due to wage dispersion starts to rise after the fifth period, and reaches 69% in the tenth period. .

  17. Electricite de France Strategy for its nuclear power plants' decommissioning programme

    International Nuclear Information System (INIS)

    Knockaert, J.M.; Gatineau, J.P.

    1992-01-01

    Although final shutdown of the first large PWR Power Stations should not occur before 2015, Electricity of France is nevertheless directly concerned by the decommissioning of its nuclear plants. The shutdown programme of the gas-graphite units is in progress and the medium-power PWR plant (300 MWe) installed at Chooz in the Ardennes will be finally shutdown at the end of 1991. This solution requires EDF to have a policy available which enables it to simultaneously run the double operation 'Plant shutdown-decommissioning' and 'New constructions-increasing available power' from both the technical and financial viewpoints. (author)

  18. Applicability of EPRI Decommissioning Pre-Planning Manual to International Decommissioning Projects

    International Nuclear Information System (INIS)

    Lessard, Leo; Kay, Jim; Lefrancois, Donald; Furr, Richard; Lucas, Matthieu; Schauer, Konrad

    2016-01-01

    Industry models for planning the efficient decommissioning of a nuclear power plant continue to evolve. Effective planning is a key to cost control, a critical aspect of decommissioning. In 2001, the Electric Power Research Institute (EPRI) published the 'Decommissioning Pre-Planning Manual', referred to as the 'Manual'. The goal of the Manual was to develop a framework for use in pre-planning the decommissioning of a nuclear power plant. The original research was based on information collected during the active decommissioning of power reactors in New England, and the ongoing decommissioning planning of another reactor still in operation. The research team identified thirty-two (32) major Decommissioning Tasks that support the strategic and tactical planning that can be conducted in advance of plant shutdown. The Decommissioning Tasks were organized in a logical sequence of execution, and sorted in common discipline groupings. Owners of U.S. nuclear plants that have shut down prematurely during the past 5 years have found the EPRI Decommissioning Pre-Planning Manual useful in developing their transition plans from an operating to shutdown facility. Concurrently, during the past 15 years, the IAEA has published numerous technical and safety reports on nuclear reactor decommissioning planning and execution. IAEA's goal is to provide its global members with useful and timely guidance for the planning and execution of nuclear decommissioning projects. This information has been used extensively by international nuclear plant operators. One of the key objectives will be to develop a road-map linking the 32 EPRI Decommissioning Tasks with the comparable (or equivalent) topics covered in the IAEA library of decommissioning knowledge. The logical and convenient structure of the Manual will be cross-referenced to the IAEA topics to aid in organizing the development of decommissioning plans. The road-map will serve to provide a basis for improved

  19. Situation and perspective of the decommissioning of nuclear power plants in Germany

    International Nuclear Information System (INIS)

    Kuroda, Yuji

    2012-01-01

    After the Fukushima Daiichi nuclear power plant accident that occurred in 2011, Germany has decided to go back to the phasing out of nuclear energy, with eight reactors shut down. In accordance with this, the number of operating nuclear plants has reduced to 9 from 17. On the other hand, the number of closed reactors is now 27, and the country has become the world's third largest country after the United Kingdom and the United States in the decommissioning field. In this paper, it is described the current situation and perspectives of the decommissioning in Germany, with the history of phasing out of nuclear energy. At first, the basic framework of regulatory regime and funding system are introduced. Then, experience of operations at decommissioning plants and status of radiation waste management are explained. Although the work on decommissioning is steadily proceeding in the country, establishing of final repository of high level waste is still remaining as the most important issue. (author)

  20. Planning, managing and organizing the decommissioning of nuclear facilities: Lessons learned

    International Nuclear Information System (INIS)

    2004-05-01

    This publication is intended to encourage the development and improvement of decommissioning planning and management techniques, with the focus on organizational aspects, reduce the duplication of efforts by different parties by transfer of experience and know-how, and provide useful results for those Member States planning or implementing decommissioning projects. In general it can be stated that any decommissioning project can be completed without any deleterious effects on the safety of the workforce and the public or any identifiable impact on the environment. However, timeliness and cost-effectiveness are not always optimal. It has been noted on several occasions that the major weakness in decommissioning projects (as well as in other industrial projects) is often not the lack of technologies, but rather poor planning and management. This publication intends to stimulate awareness of the need for early and efficient planning and to foster developments in management and organization in association with planned or ongoing decommissioning projects. A companion report on Organization and Management for Decommissioning of Large Nuclear Facilities was published by the IAEA in 2000 (Technical Report Series (TRS) No. 399). That TRS provides generic guidance on organizational and management aspects. This TECDOC is complementary to the existing report in that it highlights practical experience - in particular, typical issues, evidence of poor management, undue delays, and lack of timely funding - and distils lessons learned from this experience

  1. Methodologies for and Results of Planning later Decommissioning of Nuclear Facilities

    International Nuclear Information System (INIS)

    Auler, I.; Paul, R.; Petrasch, P.

    1996-01-01

    Cost and success of decommissioning and dismantling nuclear power plants or other nuclear facilities are very much related to the chosen strategy and their implementation in practice. The strategy to be developed depends on the specific boundary conditions in a certain country and plant. Inadequate planning and equipment considered too late cause delays in the project performance and improvisations with financial and radiological consequences. For the development of a decommissioning strategy for a nuclear power plant broad experience from past D and D-projects is very important. That experience is very helpful in assessing the importance of the many factors which determine the success or failure of strategic decisions Tools for the systematic recording and investigation of the needed measures and expenditures are available, eg. the decommissioning cost program STILLKO-2, which has been established as standard tool. (author)

  2. Assessment of foreign decommissioning technology with potential application to US decommissioning needs

    International Nuclear Information System (INIS)

    Allen, R.P.; Konzek, G.J.; Schneider, K.J.; Smith, R.I.

    1987-09-01

    This study was conducted by the Pacific Northwest Laboratory (PNL) for the US Department of Energy (DOE) to identify and technically assess foreign decommissioning technology developments that may represent significant improvements over decommissioning technology currently available or under development in the United States. Technology need areas for nuclear power reactor decommissioning operations were identified and prioritized using the results of past light water reactor (LWR) decommissioning studies to quantitatively evaluate the potential for reducing cost and decommissioning worker radiation dose for each major decommissioning activity. Based on these identified needs, current foreign decommissioning technologies of potential interest to the US were identified through personal contacts and the collection and review of an extensive body of decommissioning literature. These technologies were then assessed qualitatively to evaluate their uniqueness, potential for a significant reduction in decommissioning costs and/or worker radiation dose, development status, and other factors affecting their value and applicability to US needs

  3. Progress in Decommissioning the Humboldt Bay Power Plant - 13604

    Energy Technology Data Exchange (ETDEWEB)

    Rod, Kerry [PG and E Utility, Humboldt Bay Power Plant, 1000 King Salmon Ave. Eureka, CA 95503 (United States); Shelanskey, Steven K. [Anata Management Solutions, 5180 South Commerce Dr,, Suite F Murray, UT 84107 (United States); Kristofzski, John [CH2MHILL, 295 Bradley Blvd. Suite 300, Richland WA 99353 (United States)

    2013-07-01

    Decommissioning of the Pacific Gas and Electric (PG and E) Company Humboldt Bay Power Plant (HBPP) Unit 3 nuclear facility has now, after more than three decades of SAFSTOR and initial decommissioning work, transitioned to full-scale decommissioning. Decommissioning activities to date have been well orchestrated and executed in spite of an extremely small work site with space constricted even more by other concurrent on-site major construction projects including the demolition of four fossil units, construction of a new generating station and 60 KV switchyard upgrade. Full-scale decommissioning activities - now transitioning from Plant Systems Removal (PG and E self-perform) to Civil Works Projects (contractor performed) - are proceeding in a safe, timely, and cost effective manner. As a result of the successful decommissioning work to date (approximately fifty percent completed) and the intense planning and preparations for the remaining work, there is a high level of confidence for completion of all HBPP Unit 3 decommissions activities in 2018. Strategic planning and preparations to transition into full-scale decommissioning was carried out in 2008 by a small, highly focused project team. This planning was conducted concurrent with other critical planning requirements such as the loading of spent nuclear fuel into dry storage at the Independent Spent Fuel Storage Installation (ISFSI) finishing December 2008. Over the past four years, 2009 through 2012, the majority of decommissioning work has been installation of site infrastructure and removal of systems and components, known as the Plant System Removal Phase, where work scope was dynamic with significant uncertainty, and it was self-performed by PG and E. As HBPP Decommissioning transitions from the Plant System Removal Phase to the Civil Works Projects Phase, where work scope is well defined, a contracting plan similar to that used for Fossil Decommissioning will be implemented. Award of five major work scopes

  4. Progress in Decommissioning the Humboldt Bay Power Plant - 13604

    International Nuclear Information System (INIS)

    Rod, Kerry; Shelanskey, Steven K.; Kristofzski, John

    2013-01-01

    Decommissioning of the Pacific Gas and Electric (PG and E) Company Humboldt Bay Power Plant (HBPP) Unit 3 nuclear facility has now, after more than three decades of SAFSTOR and initial decommissioning work, transitioned to full-scale decommissioning. Decommissioning activities to date have been well orchestrated and executed in spite of an extremely small work site with space constricted even more by other concurrent on-site major construction projects including the demolition of four fossil units, construction of a new generating station and 60 KV switchyard upgrade. Full-scale decommissioning activities - now transitioning from Plant Systems Removal (PG and E self-perform) to Civil Works Projects (contractor performed) - are proceeding in a safe, timely, and cost effective manner. As a result of the successful decommissioning work to date (approximately fifty percent completed) and the intense planning and preparations for the remaining work, there is a high level of confidence for completion of all HBPP Unit 3 decommissions activities in 2018. Strategic planning and preparations to transition into full-scale decommissioning was carried out in 2008 by a small, highly focused project team. This planning was conducted concurrent with other critical planning requirements such as the loading of spent nuclear fuel into dry storage at the Independent Spent Fuel Storage Installation (ISFSI) finishing December 2008. Over the past four years, 2009 through 2012, the majority of decommissioning work has been installation of site infrastructure and removal of systems and components, known as the Plant System Removal Phase, where work scope was dynamic with significant uncertainty, and it was self-performed by PG and E. As HBPP Decommissioning transitions from the Plant System Removal Phase to the Civil Works Projects Phase, where work scope is well defined, a contracting plan similar to that used for Fossil Decommissioning will be implemented. Award of five major work scopes

  5. The Potential of Using the Financial Instruments of Accumulation of the Fund for Modernization of Electroenergetics of Ukraine

    Directory of Open Access Journals (Sweden)

    Lukiashko Pavlo O.

    2017-08-01

    Full Text Available The article is aimed at substantiating the efficient financial instruments for the formation of of the fund of financial resources for modernization of electroenergetics of Ukraine and evaluating the potential impact of applying them. Results of an assessment of the prospects of attracting financial resources for modernization of the electroenergetic sector from outside Ukraine urge to look for the available inland possibilities for financing (depreciation fund of enterprises of the industry sector, means of the banking system, resources of private investors. The article proposes a financial instrument for attracting investments for each of the indicated sources and assesses the potential for their use. The carried out study suggests the ability of Ukraine to provide the initial stages of modernization of the electroenergetic sector by means of the domestic sources, which can further become a significant incentive for inflow of foreign investment.

  6. Enhanced productivity in reactor decommissioning and waste management

    International Nuclear Information System (INIS)

    Wasinger, Karl

    2014-01-01

    As for any industrial facility, the service live of nuclear power plants, fuel cycle facilities, research and test reactors ends. Decision for decommissioning such facilities may be motivated by technical, economical or political reasons or a combination of it. As of today, a considerable number of research reactors, fuel cycle facilities and power reactors have been completely decommissioned. However, the end point of such facilities' lifetime is achieved, when the facility is finally removed from regulatory control and the site becomes available for further economical utilization. This process is commonly known as decommissioning and involves detailed planning of all related activities, radiological characterization, dismantling, decontamination, clean-up of the site including treatment and packaging of radioactive and/or contaminated material not released for unrestricted recycling or industrial disposal. Decommissioning requires adequate funding and suitable measures to ensure safety while addressing stakeholders' requirements on occupational health, environment, economy, human resources management and the socioeconomic effects to the community and the region. One important aspect in successful management of decommissioning projects and dismantling operation relates to the economical impact of the endeavor, primarily depending on the selected strategy and, as from commencement of dismantling, on total duration until the end point is achieved. Experience gained by Areva in executing numerous decommissioning projects during past 2 decades shows that time injury free execution and optimum productivity turns out crucial to project cost. Areva develops and implements specific 'performance improvement plans' for each of its projects which follow the philosophy of operational excellence based on Lean Manufacturing principles. Means and methods applied in implementation of these plans and improvements achieved are described and examples are given on the way Areva

  7. Enhanced productivity in reactor decommissioning and waste management

    Energy Technology Data Exchange (ETDEWEB)

    Wasinger, Karl [Areva GmbH, Offenbach (Germany)

    2014-04-15

    As for any industrial facility, the service live of nuclear power plants, fuel cycle facilities, research and test reactors ends. Decision for decommissioning such facilities may be motivated by technical, economical or political reasons or a combination of it. As of today, a considerable number of research reactors, fuel cycle facilities and power reactors have been completely decommissioned. However, the end point of such facilities' lifetime is achieved, when the facility is finally removed from regulatory control and the site becomes available for further economical utilization. This process is commonly known as decommissioning and involves detailed planning of all related activities, radiological characterization, dismantling, decontamination, clean-up of the site including treatment and packaging of radioactive and/or contaminated material not released for unrestricted recycling or industrial disposal. Decommissioning requires adequate funding and suitable measures to ensure safety while addressing stakeholders' requirements on occupational health, environment, economy, human resources management and the socioeconomic effects to the community and the region. One important aspect in successful management of decommissioning projects and dismantling operation relates to the economical impact of the endeavor, primarily depending on the selected strategy and, as from commencement of dismantling, on total duration until the end point is achieved. Experience gained by Areva in executing numerous decommissioning projects during past 2 decades shows that time injury free execution and optimum productivity turns out crucial to project cost. Areva develops and implements specific 'performance improvement plans' for each of its projects which follow the philosophy of operational excellence based on Lean Manufacturing principles. Means and methods applied in implementation of these plans and improvements achieved are described and examples are given on

  8. Reactor decommissioning in a deregulated market

    International Nuclear Information System (INIS)

    Beverridge, George; Cooper, T.

    2002-01-01

    Full text: Deregulation of the electricity markets in North America and Western Europe has had many profound effects on the electric utilities and the nuclear industry. Deregulation has led to cost transparency, increased competition, and a drive by the utilities to reduce costs in order to maintain market share and margins. In the context of this more competitive and dynamic market having a clear picture of decommissioning liabilities and their successful discharge has a material impact on the financial performance of a utility. This paper will summarise BNFL Environmental Services' experience with regard to its experience in both the planning and implementation phases of a reactor decommissioning project. In particular it will demonstrate how commercial projects in crucial areas of strategy development, project implementation and site restoration, can be combined with an approach that is both commercial and innovative to reduce the risks to a utility. This paper sets out to demonstrate this viewpoint. (author)

  9. Decommissioning analyzis of a university cyclotron

    International Nuclear Information System (INIS)

    Eggermont, G.X.; Buls, N.; Hermanne, A.

    1996-01-01

    In the widespread use of some medical nuclear facilities, such as cyclotrons for isotope production, Life cycle analyzis, including decommissioning, was not taken into account. The structural materials of an accelerator and the concrete shielding of the bunker are activated by neutrons. This could yield a considerable volume of nuclear waste and needs radiation protection concern for occupational workers and the environment during some decennia. At the university of Brussels (WB) a prospective radiation protection and waste analyzis is being made for the later decommissioning of their cyclotron. Only few similar studies have been published. In Belgium future nuclear dismantling operations will be submitted to a radiation protection authorization procedure. Meanwhile the nuclear waste authorities insist on dismantling planning, including financial provisioning. An optimization exercise was made at the VUB-cyclotron, taking into account international trends to clearance levels for low level nuclear waste. Conceptual prevention opportunities e.g. selective material choice could be identified for future accelerator constructions. (author)

  10. Financial management of large, multi-center trials in a challenging funding milieu.

    Science.gov (United States)

    Lovegreen, Olivia; Riggs, Danielle; Staten, Myrlene A; Sheehan, Patricia; Pittas, Anastassios G

    2018-05-03

    Randomized clinical trials that have public health implications but no or low potential for commercial gain are predominantly funded by governmental (e.g., National Institutes of Health (NIH)) and not-for-profit organizations. Our objective was to develop an alternative clinical trial site funding model for judicious allocation of declining public research funds. In the Vitamin D and Type 2 Diabetes (D2d) study, an NIH-supported, large clinical trial testing the effect of vitamin D supplementation on incident diabetes in 2423 participants at high risk for diabetes, a hybrid financial management model for supporting collaborating clinical sites was developed and applied. The funding model employed two reimbursement components: Core (for study start-up and partial efforts throughout the study, ~40% of the total site budget), invoiced by sites, and Performance-Based Payments (for successful enrollment of participants and completion of follow-up visits, ~60% of the total site budget), automatically issued to the sites by the Coordinating Center based on actual recruitment and visits conducted. Underperforming sites transitioned to Performance-Based Payments only. Recruitment occurred from October 2013 through December 2016, requiring one additional year than the 2-year projection. Median enrollment at each site was 88 participants (range 29-318; 20 to 205% of the site target). At the end of year 1, study-wide recruitment was at 12% of the target (vs. 50% projected) and 12% of the total grant award was invested. The model constantly evaluated sites' needs and re-allocated resources to meet the study enrollment goal. If D2d had issued cost reimbursement subaward agreements and sites invoiced for their entire budget, 83% of the award would have been spent for all study activities over the first 4 years of the trial compared to 65% of the award spent (US$26M) under the hybrid model used by D2d. It is feasible to foster a hybrid financial management approach to steward

  11. Study on decommissioning

    International Nuclear Information System (INIS)

    2012-01-01

    This project consists of researches on (1) establishment of review plan on application of decommissioning, (2) establishment of specific method to confirm decommissioning completion, of decommissioning and (3) establishment of radioactive waste management guideline during dismantling and (4) development of the regulatory system on decommissioning in response to Fukushima Daiichi NPP accident. About researches on establishment of review plan on application of decommissioning. 'Planning of the Commercial Power Reactor Decommissioning:2001' which was published by Atomic Energy Society of Japan, was evaluated whether it suited the requirement for the decommissioning stipulated in the law, and the draft evaluation report was prepared. About researches on establishment of specific method to confirm decommissioning completion, technical information of practical procedures on the confirmation in U.S.A. were organized based on MARSSIM (Multi-Agency Radiation Survey and Site Investigation Manual, NUREG-1575) and applicability of MARSSIM on the confirmation in Japan was examined. Exposed doses for public during decommissioning period were estimated to study dose criterion of the confirmation. Radioactive concentrations in the soil of Tokai and Hamaoka NPP caused by the Fukushima Daiichi NPP accident were also investigated. About researches on establishment of radioactive waste management guideline during dismantling, one concrete core was sampled in biological shield of the Tokai NPP and radioactive concentrations were investigated. About researches on development of the regulatory system on decommissioning in response to Fukushima Daiichi NPP accident, present status of Three Mile Island Unit 2 and Chernobyl NPP Unit 4 were investigated. Present status of regulatory systems for decommissioning in foreign countries taken in consideration of the accident was also researched. (author)

  12. The Practice of Cost Estimation for Decommissioning of Nuclear Facilities

    International Nuclear Information System (INIS)

    Davidova, Ivana; Desecures, Sylvain; Lexow, Thomas; Buonarroti, Stefano; Marini, Giuseppe; Pescatore, Claudio; Rehak, Ivan; Weber, Inge; ); Daniska, Vladimir; Linan, Jorge Borque; Caroll, Simon; Hedberg, Bjoern; De La Gardie, Fredrik; Haenggi, Hannes; Laguardia, Thomas S.; Ridpath, Andy

    2015-01-01

    Decommissioning of both commercial and R and D nuclear facilities is expected to increase significantly in the coming years, and the largest of such industrial decommissioning projects could command considerable budgets. Several approaches are currently being used for decommissioning cost estimations, with an international culture developing in the field. The present cost estimation practice guide was prepared in order to offer international actors specific guidance in preparing quality cost and schedule estimates to support detailed budgeting for the preparation of decommissioning plans, for the securing of funds and for decommissioning implementation. This guide is based on current practices and standards in a number of NEA member countries and aims to help consolidate the practice and process of decommissioning cost estimation so as to make it more widely understood. It offers a useful reference for the practitioner and for training programmes. The remainder of report is divided into the following chapters: - Chapter 2 covers the purpose and nature of decommissioning cost estimates, approaches to cost estimation and the major elements of a cost estimate. - Chapter 3 examines the development of the integrated schedule of the activity-dependent work scope and the determination of the project critical path. - Chapter 4 describes the attributes of a quality assurance programme applicable to cost estimation and the use and cautions of benchmarking the estimate from other estimates or actual costs. - Chapter 5 describes the pyramidal structure of the report, and the scope and content that should be included in the cost study report to ensure consistency and transparency in the estimate underpinnings. - Chapter 6 provides some observations, conclusions and recommendations on the use of this guide

  13. Training for decommissioning

    International Nuclear Information System (INIS)

    Dietzold, A.

    2009-01-01

    Plants entering decommissioning face many challenges One of the most important is the challenge of training for decommissioning This is important because: The facility operators and management have spent many years successfully operating the facility; The facility management arrangements are geared to operation; Decommissioning will include non-nuclear specialists and other stakeholders; Other skills are needed to decommission successfully. UKAEA has decommissioned many facilities at its sites in Dounreay, Windscale, Harwell and Winfrith in the UK. We have faced all of the challenges previously described and have developed many training methods for ensuring the challenges are met safely and effectively. We have developed courses for specialised skills such as safety cases which can be deployed to support any decommissioning. (author)

  14. Evidence from Business Strategy of Mutual Fund Managers after the Financial Crisis - Panel Smooth Transition Regression Model

    OpenAIRE

    Joe-Ming Lee

    2013-01-01

    This study applies by the panel transition regression (PSTR) model to investigate the nonlinear dynamic relationship between equity fund flow and investment volatility in Taiwan. Our empirical results show that the equity fund managers will be different business strategy under the volatility threshold value and the control variables of asset of funds, management fee and Turnover indicator. After the financial crisis, the threshold of volatility will be an important index to different business...

  15. Technology Requirements For In Situ Decommissioning Workshop Report

    International Nuclear Information System (INIS)

    Jannik, T.; Lee, P.; Gladden, J.; Langton, C.; Serrato, M.; Urland, C.; Reynolds, E.

    2009-01-01

    In recognition of the increasing attention being focused on In Situ Decommissioning (ISD or entombment) as an acceptable and beneficial decommissioning end state, the Department of Energy's (DOE) Office of Environmental Management (EM) is developing guidance for the implementation of ISD of excess facilities within the DOE complex. Consistent with the overarching DOE goals for increased personnel and environmental safety, reduced technical uncertainties and risks, and overall gains in efficiencies and effectiveness, EM's Office of Deactivation and Decommissioning and Facility Engineering (EM-23) initiated efforts to identify the technical barriers and technology development needs for the optimal implementation of ISD. Savannah River National Laboratory (SRNL), as the EM Corporate Laboratory, conducted an ISD Technology Needs Workshop to identify the technology needs at DOE sites. The overall goal of the workshop was to gain a full understanding of the specific ISD technical challenges, the technologies available, and those needing development. The ISD Workshop was held December 9-10, 2008 in Aiken, SC. Experienced decommissioning operations personnel from Richland Operations Office (RL), Idaho National Laboratory (INL) and Savannah River Site (SRS) along with scientists and engineers specific expertise were assembled to identify incremental and 'game changing' solutions to ISD technology challenges. The workshop and follow-up activities yielded 14 technology needs statements and the recommendation that EM-23 prioritize and pursue the following specific technology development and deployment actions. For each action, the recommended technology acquisition mechanisms (competitive solicitation (CS) or direct funding (TCR)) are provided. Activities that are time critical for ISD projects, or require unique capabilities that reside in the DOE Laboratory system will be funded directly to those institutions. Activities that have longer lead times and where the private

  16. Report: State of Washington Water Pollution Control State Revolving Fund Financial Statements with Independent Auditor's Report, June 30, 2003

    Science.gov (United States)

    Report #2004-1-00067, May 26, 2004. The financial statements referred to in the first paragraph present fairly the financial position of the Washington Department of Ecology Water Pollution Control State Revolving Fund as of June 30, 2003.

  17. Financial and accounting alternatives for the recovery of nuclear plant decommissioning costs

    International Nuclear Information System (INIS)

    Collins, P.A.

    1980-01-01

    Compared are 12 different methods of financing the decommissioning of nuclear power plants. The basic financing alternatives are presented first in their simple version where income taxes are zero. Then the effects of the present income tax laws are added and their effect determined

  18. CONSIDERATIONS FOR THE DEVELOPMENT OF A DEVICE FORTHE DECOMMISSIONING OF THE FUEL CHANNELS IN THECANDU NUCLEAR REACTOR

    Directory of Open Access Journals (Sweden)

    Gabi ROSCA FARTAT

    2013-05-01

    Full Text Available As many nuclear power plants are reaching their end of lifecycle, the decommissioning of theseinstallations has become one of the 21stcentury’s great challenges. Each project may be managed differently,depending on the country, development policies, financial considerations, and the availability of qualifiedengineers or specialized companies to handle such projects. The principle objective of decommissioning is toplace a facility into such a condition that there is no unacceptable risk from the decommissioned facility topublic health and safety of the environment. In order to ensure that at the end of its life the risk from a facility iswithin acceptable bounds, action is normally required. The overall decommissioning strategy is todeliver a timely, cost-effective program while maintaining high standards of safety, security and environmentalprotection. If facilities were not decommissioned, they could degrade and potentially present an environmentalradiological hazard in the future. Simply abandoning or leaving a facility after ceasing operations is notconsidered to be an acceptable alternative to decommissioning. The final aim of decommissioning is torecover the geographic site to its original condition.

  19. The decommissioning and redevelopment of NECSA site

    International Nuclear Information System (INIS)

    Visagie, A.L.; Fourie, E.

    2008-01-01

    Full text: The South African nuclear programme started in 1948 and was focussed on research and development in the nuclear field. In the early 70s a uranium conversion plant and a uranium enrichment plant were constructed on the NECSA site. The enriched uranium was used for military purposes, as fuel for the research reactor SAFARI-1 at Necsa. A semi-commercial uranium enrichment plant and a fuel manufacturing plant were commissioned in the 80's to supply fuel for the nuclear power plant at Koeberg near Cape Town. Currently the research reactor is utilized for the generation of radioactive isotopes for industrial and medical applications. Various other research projects were initiated and buildings constructed on the Necsa site to accommodate the different projects. The uranium conversion and enrichment projects were terminated in the early 90's, and many buildings on the Necsa site became redundant. An initial decommissioning strategy was to return the Necsa site to green fields. This endpoint of decommissioning has changed dramatically with the nuclear renaissance to include redevelopment and reuse options. In the case of a multi-facility nuclear site, such as the Necsa site, it is vital to develop a total site redevelopment plan rather than to decommission and allocate individual facilities for isolated reuse demands. A holistic approach should be assured by considering current and projected future redevelopment demands in the development of a redevelopment and reuse plan. It is important not to allow the redevelopment and reuse of a single facility on a multi-facility site based on short- term financial gain. With the recent increase in demand for nuclear facilities the redevelopment and reuse of nuclear facilities for non-nuclear applications should generally not be considered due to the inherent advantages associated with an existing licensed site. The initial decommissioning plan did not consider the Necsa site as a whole. Decommissioning costs, and the

  20. Decommissioning and decontamination

    International Nuclear Information System (INIS)

    Dadoumont, J.; Cantrel, E.; Valenduc, P.; Noynaert, L.

    2009-01-01

    The SCK-CEN has built a large know-how in decommissioning and decontamination, thanks to its BR3 decommissioning project. In 2007, the decommissioning activities at BR3 have been continued according to the strategy. This article discusses main realisations the following domains: decommissioning of the neutron shield tank and installation of new ventilation for the controlled area, dismantling of the former one and characterization of the stack

  1. The decommissioning of nuclear facilities

    International Nuclear Information System (INIS)

    Niel, J.Ch.; Rieu, J.; Lareynie, O.; Delrive, L.; Vallet, J.; Girard, A.; Duthe, M.; Lecomte, C.; Rozain, J.P.; Nokhamzon, J.G.; Davoust, M.; Eyraud, J.L.; Bernet, Ph.; Velon, M.; Gay, A.; Charles, Th.; Leschaeva, M.; Dutzer, M.; Maocec, Ch.; Gillet, G.; Brut, F.; Dieulot, M.; Thuillier, D.; Tournebize, F.; Fontaine, V.; Goursaud, V.; Birot, M.; Le Bourdonnec, Th.; Batandjieva, B.; Theis, St.; Walker, St.; Rosett, M.; Cameron, C.; Boyd, A.; Aguilar, M.; Brownell, H.; Manson, P.; Walthery, R.; Wan Laer, W.; Lewandowski, P.; Dorms, B.; Reusen, N.; Bardelay, J.; Damette, G.; Francois, P.; Eimer, M.; Tadjeddine, A.; Sene, M.; Sene, R.

    2008-01-01

    This file includes five parts: the first part is devoted to the strategies of the different operators and includes the following files: the decommissioning of nuclear facilities Asn point of view, decommissioning of secret nuclear facilities, decommissioning at the civil Cea strategy and programs, EDF de-construction strategy, Areva strategy for decommissioning of nuclear facilities; the second one concerns the stakes of dismantling and includes the articles as follow: complete cleanup of buildings structures in nuclear facilities, decommissioning of nuclear facilities and safety assessment, decommissioning wastes management issues, securing the financing of long-term decommissioning and waste management costs, organizational and human factors in decommissioning projects, training for the decommissioning professions: the example of the Grenoble University master degree; the third part is devoted to the management of dismantling work sites and includes the different articles as follow: decommissioning progress at S.I.C.N. plant, example of decommissioning work site in Cea Grenoble: Siloette reactor decommissioning, matters related to decommissioning sites, decommissioning of french nuclear installations: the viewpoint of a specialist company, specificities of inspections during decommissioning: the Asn inspector point of view; the fourth part is in relation with the international approach and includes as follow: IAEA role in establishing a global safety regime on decommissioning, towards harmonization of nuclear safety practices in Europe: W.E.N.R.A. and the decommissioning of nuclear facilities, EPA superfund program policy for decontamination and decommissioning, progress with remediation at Sellafield, progress and experiences from the decommissioning of the Eurochemic reprocessing plant in Belgium, activities of I.R.S.N. and its daughter company Risk-audit I.r.s.n./G.r.s. international in the field of decommissioning of nuclear facilities in eastern countries

  2. Hands-on glovebox decommissioning

    International Nuclear Information System (INIS)

    Smith, D.

    1997-01-01

    Over recent years, the United Kingdom Atomic Energy Authority (UKAEA) has undertaken the decommissioning of a large number of Plutonium glove boxes at Winfrith Technology Centre. UKAEA has managed this work on behalf of the DTI, who funded most of the work. Most of the planning and practical work was contracted to AEA Technology (AEAT), which, until 1996, was the commercial arm of UKAEA, but is now a private company. More than 70 gloveboxes, together with internal plant and equipment such as ball mills, presses and furnaces, have been successfully size reduced into drums for storage, leaving the area, in which they were situated, in a clean condition. (UK)

  3. Asset Decommissioning Risk Metrics for Floating Structures in the Gulf of Mexico.

    Science.gov (United States)

    Kaiser, Mark J

    2015-08-01

    Public companies in the United States are required to report standardized values of their proved reserves and asset retirement obligations on an annual basis. When compared, these two measures provide an aggregate indicator of corporate decommissioning risk but, because of their consolidated nature, cannot readily be decomposed at a more granular level. The purpose of this article is to introduce a decommissioning risk metric defined in terms of the ratio of the expected value of an asset's reserves to its expected cost of decommissioning. Asset decommissioning risk (ADR) is more difficult to compute than a consolidated corporate risk measure, but can be used to quantify the decommissioning risk of structures and to perform regional comparisons, and also provides market signals of future decommissioning activity. We formalize two risk metrics for decommissioning and apply the ADR metric to the deepwater Gulf of Mexico (GOM) floater inventory. Deepwater oil and gas structures are expensive to construct, and at the end of their useful life, will be expensive to decommission. The value of proved reserves for the 42 floating structures in the GOM circa January 2013 is estimated to range between $37 and $80 billion for future oil prices between 60 and 120 $/bbl, which is about 10 to 20 times greater than the estimated $4.3 billion to decommission the inventory. Eni's Allegheny and MC Offshore's Jolliet tension leg platforms have ADR metrics less than one and are approaching the end of their useful life. Application of the proposed metrics in the regulatory review of supplemental bonding requirements in the U.S. Outer Continental Shelf is suggested to complement the current suite of financial metrics employed. © 2015 Society for Risk Analysis.

  4. Implementation of a financial guarantee policy at the CNSC

    International Nuclear Information System (INIS)

    Barker, R.

    2011-01-01

    The Canadian Nuclear Safety Commission (CNSC) was established in 2000 under the Nuclear Safety and Control Act (NSCA) to replace the Atomic Energy Control Board (AECB). Prior to the coming in force of the NSCA, financial guarantees associated with licensed activities were not prescribed in the Atomic Energy Control Act or its regulations. Under the NSCA, the Commission Tribunal 'the Commission' was given authority to impose conditions in licences requiring financial guarantees from licensees. Other provisions of the NSCA provided information on the application of financial guarantees and for refunds when decommissioning obligations had been met. Since 2000, the application of financial guarantees has been primarily focussed on licences issued pursuant to the Class I Nuclear Facilities Regulations and the Uranium Mines and Mills Regulations. This was to assure that the requirements for financial guarantees were initially directed at the high risk, complex facilities licensed by the CNSC. However, all licensees have not yet been required to provide a financial guarantee for all licensed facilities, activities or licence types. Additionally, CNSC expectations in relation to when financial guarantees, associated decommissioning plans and cost estimates need to be reviewed, updated and submitted, and what they should entail have been evolving, indicating a need for a clear CNSC policy on the subject. Consequently, the CNSC is proceeding with the development of a financial guarantee policy and implementation plan to assure that generators of nuclear waste will have the financial resources available to decommission nuclear facilities, operations and devices and that this activity will not fall to government as a future liability. This program will require approval by the Commission, planned for 2012. This paper will further describe this policy and its possible outcomes. (author)

  5. Experiences in teaching decommissioning - 16179

    International Nuclear Information System (INIS)

    Catlow, Fred

    2009-01-01

    The paper describes the experience gained by the author in teaching decommissioning in the Highlands of Scotland. Initially when asked to teach the subject of decommissioning to students sitting for a BSc degree in 'Electrical or Mechanical Engineering with Decommissioning Studies', the author was taken aback, not having previously taught degree students and there was no precedent since there was no previous material or examples to build on. It was just as difficult for the students since whilst some had progressed from completing HND studies, the majority were employed at the Dounreay site and were mature students with families who were availing themselves of the opportunity for career advancement (CPD). Some of the students were from the UKAEA and its contractors whilst others were from Rolls-Royce working at Vulcan, the Royal Navy's establishment for testing nuclear reactors for submarines. A number of the students had not been in a formal learning environment for many years. The College which had originally been funded by the UKAEA and the nuclear industry in the 1950's was anxious to break into the new field of Decommissioning and were keen to promote these courses in order to support the work progressing on site. Many families in Thurso, and in Caithness, have a long tradition of working in the nuclear industry and it was thought at the time that expertise in nuclear decommissioning could be developed and indeed exported elsewhere. In addition the courses being promoted by the College would attract students from other parts so that a centre of excellence could be established. In parallel with formal teaching, online courses were also developed to extend the reach of the College. The material was developed as a mixture of power point presentations and formal notes and was obtained from existing literature, web searches and interactive discussions with people in the industry as well as case studies obtained from actual situations. Assignments were set and

  6. Inspector General, DOD, Oversight of the Air Force Audit Agency Audit of the FY 1999 Working Capital Fund Financial Statements

    National Research Council Canada - National Science Library

    Lane, F

    2000-01-01

    An audit of the Air Force Working Capital Fund financial statements is required by Public Law 101-576, the "Chief Financial Officers Act of 1990," November 15, 1990, as amended by Public Law 103-356...

  7. Inspector General, DoD, Oversight of the Army Audit Agency Audit of the FY 1998 Army General Fund Financial Statements

    National Research Council Canada - National Science Library

    1999-01-01

    An audit of the Army General Fund Financial Statements is required by Public Law 101-576, the "Chief Financial Officers Act of 1990," November 15, 1990, as amended by Public Law 103-356, the "Federal...

  8. Decommissioning techniques for research reactors. Final report of a co-ordinated research project 1997-2001

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2002-02-01

    In its international role, the IAEA is faced with a wide variety of national situations and different availability of technical, human and financial resources. While it is recognised that nuclear decommissioning is a mature industry in some developed countries, and may soon become a routine activity, the situation is by no means so clear in other countries. In addition, transfer of technologies and know-how from developed to developing countries is not a spontaneous, straightforward process, and will take time and considerable effort. As mandated by its own statute and Member States' requests, the IAEA continues to respond to its Member States by monitoring technological progress, ensuring development of safer and more efficient strategies and fostering international information exchange. Previous co-ordinated research projects (CRP) conducted respectively from 1984 to 1987, and from 1989 to 1993, investigated the overall domain of decommissioning. In those CRPs no distinction was made between decommissioning activities carried out at nuclear power plants, research reactors or nuclear fuel cycle facilities. With technological progress and experience gained, it became clear that decommissioning of research reactors had certain specific characteristics which needed a dedicated approach. In addition, a large number of research reactors reached a state of permanent shutdown in the 1990s and were candidates for prompt decommissioning. With the progressive ageing of research reactors, many more of these units will soon become redundant worldwide and require decommissioning. Within this context, a CRP on Decommissioning Techniques for Research Reactors was launched and conducted by the IAEA from 1997 to 2001 in order to prepare for eventual decommissioning. Concluding reports that summarized the work undertaken under the aegis of the CRP were presented at the third and final Research Co-ordination Meeting held in Kendal, United Kingdom, 14-18 May 2001, and are collected

  9. Decommissioning techniques for research reactors. Final report of a co-ordinated research project 1997-2001

    International Nuclear Information System (INIS)

    2002-02-01

    In its international role, the IAEA is faced with a wide variety of national situations and different availability of technical, human and financial resources. While it is recognised that nuclear decommissioning is a mature industry in some developed countries, and may soon become a routine activity, the situation is by no means so clear in other countries. In addition, transfer of technologies and know-how from developed to developing countries is not a spontaneous, straightforward process, and will take time and considerable effort. As mandated by its own statute and Member States' requests, the IAEA continues to respond to its Member States by monitoring technological progress, ensuring development of safer and more efficient strategies and fostering international information exchange. Previous co-ordinated research projects (CRP) conducted respectively from 1984 to 1987, and from 1989 to 1993, investigated the overall domain of decommissioning. In those CRPs no distinction was made between decommissioning activities carried out at nuclear power plants, research reactors or nuclear fuel cycle facilities. With technological progress and experience gained, it became clear that decommissioning of research reactors had certain specific characteristics which needed a dedicated approach. In addition, a large number of research reactors reached a state of permanent shutdown in the 1990s and were candidates for prompt decommissioning. With the progressive ageing of research reactors, many more of these units will soon become redundant worldwide and require decommissioning. Within this context, a CRP on Decommissioning Techniques for Research Reactors was launched and conducted by the IAEA from 1997 to 2001 in order to prepare for eventual decommissioning. Concluding reports that summarized the work undertaken under the aegis of the CRP were presented at the third and final Research Co-ordination Meeting held in Kendal, United Kingdom, 14-18 May 2001, and are collected

  10. Aspects related to the decommissioning of the nuclear power plants

    International Nuclear Information System (INIS)

    Goicea, Andrei; Andrei, Veronica

    2003-01-01

    All power plants, either coal, gas or nuclear, at the end of their life needs to be decommissioned and demolished and thus, to made the site available for other uses. The first generation nuclear power plants were designed for a life of about 30 years and some of them proved capable of continuing well beyond this term. Newer plants have been designed for a 40 to 60 years operating life. To date, other 90 commercial power reactors have been retired from operation. For nuclear power plants and nuclear facilities in general the decommissioning process consists of some or all of the following activities: the safe management of nuclear materials held in the facility, cleaning-up of radioactivity (decontamination), plant dismantling, progressive demolition of the plant and site remediation. Following the decommissioning, the regulatory controls covering facility end, partially or totally, and the safe site is released for appropriate alternative use. Cernavoda NPP is a young plant and it can benefit from the continuously developing experience of the decommissioning process at the international level. The current experience allows the most metallic parts of a nuclear power to be decontaminated and recycled and makes available proven techniques and equipment to dismantle nuclear facilities safely. As experience is gained, decommissioning costs for nuclear power plants, including disposal of associated wastes, are reducing and thus, contribute in a smaller fraction to the total cost of electricity generation. The new specific Romanian regulations establish a funding system for decommissioning and provisions for long-term radioactive waste management. In the near future a decommissioning plan will be made available for Cernavoda NPP. Since the plant has only 7 years operation, that plan can be improved in order to benefit from international experience that is growing. (authors)

  11. An international contribution to decommissioning of nuclear facilities

    International Nuclear Information System (INIS)

    Lazo, T.

    1995-01-01

    Nuclear power plants and fuel cycle facilities must be retired from service when they have completed their design objective, become obsolete or when they no longer fulfill current safety, technical or economic requirements. Decommissioning is defined as the set of technical and administrative operations that provides adequate protection of workers and public against radiation risks, minimizes impact on the environment and involves manageable costs. A traditional definition of the stages of decommissioning has been proposed by the IAEA and is largely used worldwide. A number of factors have to be considered when selecting the optimum strategy, which include the national nuclear policy, characteristics of the facility, health and safety, environmental protection, radioactive waste management, future use of the site, improvements of the technology that may be achieved in the future, costs and availability of funds and various social considerations. The paper describes the current situation of nuclear facilities and the associated forthcoming requirements and problems of decommissioning. This task requires a complete radionuclide inventory, decontamination methods, disassembly techniques and remote operations. Radiation safety presents three aspects: nuclear safety, protection of workers and protection of the public. An appropriate delay to initiate decommissioning after shutdown of a facility may considerably reduce workers exposures and costs. Decommissioning also generates significant quantities of neutron-activated and surface contaminated materials which require a specific management. A vigorous international cooperation and coordinated research programs have been encouraged by the NEA for a minimization of costs and efforts and to provide a basis for consensus of opinions on policies, strategies and criteria. (J.S.). 19 refs., 5 figs., 3 tabs

  12. INCREASE IN THE ROLE OF THE FINANCIAL SYNTHESIS REPORTS FOR ACCESSION OF THE EUROPEAN STRUCTURAL FUNDS

    Directory of Open Access Journals (Sweden)

    Droj Laurentiu

    2011-07-01

    Full Text Available European integration is supported through important financial resources in order to sustain the investment effort for aligning the business infrastructure and increase in the business competitiveness in order to fulfill the European Union standards. The financial management, a basic component of the general management, has as scope to realize complex financial analysis in order to substantiate the decisions for investments and financing which should ensure the maximization of results, ensuring also the elaboration of the project budget as an essential document in the identification of the needs for resources and for obtaining the non-reimbursable financial sources. An essential role in the investment decision making, having as support European funding, is realized by the financial-accounting reporting documents such as balance sheet, profit and loss account, table of the treasury flows, which together with a realistic established actualization rate ensures the relevance and efficiency of the financial indicators: Net present Value(NPV, Internal Rate of Return(IRR, the investment recovery period, the benefit/cost ratio. This study has as its goal to realize a critical analysis over the main simulation methods and techniques for forecasting annual return based on its growth rate, which should ensure the success of the implementation and operation of an investment realized through European structural funds respecting also the requirements for minimization of risks. In this research it is shown the importance of proper generation/modeling of the annual turnover in an investment project. Several methods were presented and case study was realized. Since the annual turnover constitutes the basis for the entire financial analysis it is very important that a realistic growth rate is used. Otherwise the provisions within the financial analysis of the investment (including CBA, the project implementation strategy and later the plan for the utilization of

  13. Decommissioning nuclear facilities

    International Nuclear Information System (INIS)

    Harmon, K.M.; Jenkins, C.E.; Waite, D.A.; Brooksbank, R.E.; Lunis, B.C.; Nemec, J.F.

    1976-01-01

    This paper describes the currently accepted alternatives for decommissioning retired light water reactor fuel cycle facilities and the current state of decommissioning technology. Three alternatives are recognized: Protective Storage; Entombment; and Dismantling. Application of these alternatives to the following types of facilities is briefly described: light water reactors; fuel reprocessing plants, and mixed oxide fuel fabrication plants. Brief descriptions are given of decommissioning operations and results at a number of sites, and recent studies of the future decommissioning of prototype fuel cycle facilities are reviewed. An overview is provided of the types of operations performed and tools used in common decontamination and decommissioning techniques and needs for improved technology are suggested. Planning for decommissioning a nuclear facility is dependent upon the maximum permitted levels of residual radioactive contamination. Proposed guides and recently developed methodology for development of site release criteria are reviewed. 21 fig, 32 references

  14. Inspector General, DOD, Oversight of the Naval Audit Service Audit of the Navy General Fund Financial Statements for FY 1998

    National Research Council Canada - National Science Library

    1999-01-01

    Introduction. An audit of the Navy General Fund Financial Statements is requited by Public Law 101-576, the "Chief Financial Officers Act of 1990," November 15, 1990, as amended by Public Law 103-356, the "Federal...

  15. Influence to the financial situation of hospitals for projects financed from the EU structural funds

    Directory of Open Access Journals (Sweden)

    Aleksandra ŁĘGA

    2015-05-01

    Full Text Available The European Union gives many opportunities for development to member countries, including raising founds for its funds. This money could be sought in many sectors of the economy. One of them is health care. The goal of this study is to assess the impact of the financial situation of hospitals in the Kuyavian-Pomeranian for projects financed by the Structural Funds European Union (EU in programming period 2007-2013. The money from the European Regional Development Fund and European Social Fund provided an opportunity to introduce the latest technology and equipment in medical entities, as well as allowed skilled in the art. Of medicine to acquire knowledge and skills to develop their potential. The paper discusses issues related to the possibilities of support by EU funding to health care. Based on the data contained in the financial statements of an analysis of data from the balance sheet, characterized projects in hospitals as part of financing from the EU and the influence of the material in the therapeutic entities for their implementation through the analyses of correlation. The possibility of providing health services requires appropriate  regulations in law, system and organization. This is necessary in order to achieve the main goal of any entity that is take care of the welfare of the patient. Health and its protection is the highest value for the individual and for society, so Poland and the European Union is committed to the protection of the priority objective through enhanced organizational and legal actions and investments in the health sector.

  16. Basic Research about Calculation of the Decommissioning Unit Cost based on The KRR-2 Decommissioning Project

    Energy Technology Data Exchange (ETDEWEB)

    Song, Chan-Ho; Park, Hee-Seong; Ha, Jea-Hyun; Jin, Hyung-Gon; Park, Seung-Kook [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2015-05-15

    The KAERI be used to calculate the decommissioning cost and manage the data of decommissioning activity experience through systems such as the decommissioning information management system (DECOMMIS), Decommissioning Facility Characterization DB System (DEFACS), decommissioning work-unit productivity calculation system (DEWOCS). Some country such as Japan and The United States have the information for decommissioning experience of the NPP and publish reports on decommissioning cost analysis. These reports as valuable data be used to compare with the decommissioning unit cost. In particular, need a method to estimate the decommissioning cost of the NPP because there is no decommissioning experience of NPP in case of Korea. makes possible to predict the more precise prediction about the decommissioning unit cost. But still, there are many differences on calculation for the decommissioning unit cost in domestic and foreign country. Typically, it is difficult to compare with data because published not detailed reports. Therefore, field of estimation for decommissioning cost have to use a unified framework in order to the decommissioning cost be provided to exact of the decommissioning cost.

  17. Basic Research about Calculation of the Decommissioning Unit Cost based on The KRR-2 Decommissioning Project

    International Nuclear Information System (INIS)

    Song, Chan-Ho; Park, Hee-Seong; Ha, Jea-Hyun; Jin, Hyung-Gon; Park, Seung-Kook

    2015-01-01

    The KAERI be used to calculate the decommissioning cost and manage the data of decommissioning activity experience through systems such as the decommissioning information management system (DECOMMIS), Decommissioning Facility Characterization DB System (DEFACS), decommissioning work-unit productivity calculation system (DEWOCS). Some country such as Japan and The United States have the information for decommissioning experience of the NPP and publish reports on decommissioning cost analysis. These reports as valuable data be used to compare with the decommissioning unit cost. In particular, need a method to estimate the decommissioning cost of the NPP because there is no decommissioning experience of NPP in case of Korea. makes possible to predict the more precise prediction about the decommissioning unit cost. But still, there are many differences on calculation for the decommissioning unit cost in domestic and foreign country. Typically, it is difficult to compare with data because published not detailed reports. Therefore, field of estimation for decommissioning cost have to use a unified framework in order to the decommissioning cost be provided to exact of the decommissioning cost

  18. Feasibility studies for decommissioning

    International Nuclear Information System (INIS)

    Hladky, E.

    2000-01-01

    In this presentation author deals with planning of decommission of the NPPs A1, V1 and V2 Bohunice and Mochovce. It was concluded that: Used model for decommissioning parameters assessment has been suitable for elaboration of initial decommissioning plans (feasibility studies); Basic assessment of main decommissioning parameters and basic comparison of various decommissioning options have been possible; Improvement of the model and corresponding software is desirable and works on software improvement began one year ago; V1-NPP initial decommissioning plan should be actualized, because initial decommissioning plan does not correspond by its content and structure to requirements of Act No. 130/98 and Nuclear Regulatory Authority Degree No. 246/99; Strategy of radioactive wastes treatment and conditioning together with technical provisions at Jaslovske Bohunice site was changed in comparison with the assumptions in 1991-92; Considered V1 NPP decommissioning options are necessary to be re-evaluated in accordance with latest development of knowledge and approaches to NPP decommissioning in the world; Specific unit costs are substantially and differentially changed in comparison with the assumptions in 1991-92; Necessity to take into account technical changes resulted from V1 NPP reconstruction. (author)

  19. NPP Krsko decommissioning concept

    International Nuclear Information System (INIS)

    Novsak, M.; Fink, K.; Spiler, J.

    1996-01-01

    At the end of the operational lifetime of a nuclear power plant (NPP) it is necessary to take measures for the decommissioning as stated in different international regulations and also in the national Slovenian law. Based on these requirements Slovenian authorities requested the development of a site specific decommissioning plan for the NPP Krsko. In September 1995, the Nuklearna Elektrarna Krsko (NEK) developed a site specific scope and content for a decommissioning plan including the assumptions for determination of the decommissioning costs. The NEK Decommissioning Plan contains sufficient information to fulfill the decommissioning requirements identified by NRC, IAEA and OECD - NEA regulations. In this paper the activities and results of development of NEK Decommissioning Plan consisting of the development of three decommissioning strategies for the NPP Krsko and selection of the most suitable strategy based on site specific, social, technical, radiological and economic aspects, cost estimates for the strategies including the costs for construction of final disposal facilities for fuel/high level waste (fuel/HLW) and low/intermediate level waste (LLW/ILW) and scheduling of all activities necessary for the decommissioning of the NPP Krsko are presented. (author)

  20. NPP Krsko decommissioning concept

    International Nuclear Information System (INIS)

    Novsak, M.; Fink, K.; Spiler, J.

    1996-01-01

    At the end of the operational lifetime of a nuclear power plant (NPP) it is necessary to take measures for the decommissioning as stated in different international regulations and also in the national Slovenian law. Based on these requirements Slovenian authorities requested the development of a site specific decommissioning plan for the NPP KRSKO. In September 1995, the Nuklearna Elektrarna Krsko (NEK) developed a site specific scope and content for decommissioning plan including the assumptions for determination of the decommissioning costs. The NEK Decommissioning Plan contains sufficient information to fulfill decommissioning requirements identified by NRC, IAEA and OECD - NEA regulations. In this paper the activities and the results of development of NEK Decommissioning Plan consisting of the development of three decommissioning strategies for the NPP Krsko and selection of the most suitable strategy based on site specific, social, technical, radiological and economical aspects, cost estimates for the strategies including the costs for construction of final disposal facilities for fuel/high level waste (fuel/HLW) and low/intermediate level waste (LLW/ILW) and scheduling all activities necessary for the decommissioning of the NPP KRSKO are presented. (author)

  1. Decontamination and decommissioning of nuclear facilities

    International Nuclear Information System (INIS)

    1989-06-01

    Since 1973, when the IAEA first introduced the subject of decontamination and decommissioning into its programme, twelve Agency reports reflecting the needs of the Member States on these topics have been published. These reports summarize the work done by various Technical Committees, Advisory Groups, and International Symposia. While the basic technology to accomplish decontamination and decommissioning (D and D) is fairly well developed, the Agency feels that a more rapid exchange of information and co-ordination of work are required to foster technology, reduce duplication of effort, and provide useful results for Member States planning D and D activities. Although the Agency's limited financial resources do not make possible direct support of every research work in this field, the IAEA Co-ordinated Research Programme (CRP) creates a forum for outstanding workers from different Member States brought into closer contact with one another to provide for more effective interaction and, perhaps subsequently, closer collaboration. The first IAEA Co-ordinated Research Programme (CRP) on decontamination and decommissioning was initiated in 1984. Nineteen experts from 11 Member States and two international organizations (CEC, OECD/NEA) took part in the three Research Co-ordination Meetings (RCM) during 1984-87. The final RCM took place in Pittsburgh, USA, in conjunction with the 1987 International Decommissioning Symposium (sponsored by the US DOE and organized in co-operation with the IAEA and OECD/NEA). The present document summarizes the salient features and achievements of the co-ordinated research work performed during the 1984-87 programme period. The document consists of two parts: Part 1, Summary of the three research co-ordination meetings and Part 2, Final submissions by participants on the research work performed during 1984-1987. A separate abstract was prepared for each of the 7 reports presented. Refs, figs and tabs

  2. Myopic or Dynamic Liquidity Management? : A Study of Hedge Funds around the 2008 Financial Crisis

    NARCIS (Netherlands)

    Driessen, Joost; Xing, R.

    2017-01-01

    In this paper, we show that hedge funds repurchased a large amount of liquid stocks and continued to sell illiquid stocks as the 2008 financial crisis mitigated. It complements existing empirical evidence that institutional investors sold more liquid than illiquid assets during the crisis period.

  3. Challenges in the management of decommission waste of nuclear facilities in Ghana

    International Nuclear Information System (INIS)

    Glover, E.T.; Fletcher, J.J.

    2002-01-01

    It is inevitable that every nuclear facility must one day be safely decommissioned. When considering decommissioning, large amounts of radioactive and non-radioactive waste have to be taken into account. Disposal of such materials can have large economic impact on the overall decommissioning cost. In developing countries like Ghana, the perception of environmental protection through waste management, is often not very high as compared to many other pressing needs. Therefore limited resources are allocated for environmental problems. Ghana operates a tank-in- pool type research reactor, 30kW output for research in neutron activation analysis, radioisotope preparation, education and training, a radiotherapy unit that utilizes a 185TBq Co-60 radioactive sources for the treatment of cancer and a gamma irradiation facility which utilizes 1.85PBq Co-60 radioactive source for the irradiation of various materials. All these facilities are operating without designed decommissioning in mind, an inadequate waste management infrastructure as well as a lack of a repository to handling the resulting waste. It is today's beneficials of the nuclear facility that has to deal with the legacies of the future decommissioning activities. The paper outlines some of the challenges and issues to be expected in the management of waste from future decommissioning of nuclear facilities in Ghana with the absence of a waste management infrastructure and inadequate financial resources. The paper puts forth a concept to perform meaningful and significant plans whilst the facilities are still operating. (author)

  4. Technology, Safety and Costs of Decommissioning a Reference Uranium Hexafluoride Conversion Plant

    Energy Technology Data Exchange (ETDEWEB)

    Elder, H. K.

    1981-10-01

    higher cost of deferred decontamination makes passive SAFSTOR more expensive than DECON. Several methods to assure that the licensee has adequate funds for decommissioning are considered. The methods investigated (all based on expected decommissioning costs) range from a single payment when plant operations begin, to payments into a sinking fund during the normal plant operating period, to a single payment when normal plant operations cease and decommissioning begins.

  5. The History and Evolution of the IAEA Technical Assistance Programme on Decommissioning and the International Decommissioning Network as its Highest Point

    International Nuclear Information System (INIS)

    Laraia, M.

    2009-01-01

    Around the world, but particularly in developing Member States, there are disused nuclear facilities or those approaching the end of their useful lives, for which appropriate decommissioning steps have not been taken, primarily due to limited technical and financial resources or competing priorities. In line with its mission to encourage safe and peaceful applications of nuclear energy, the International Atomic Energy Agency (IAEA) systematically covers the technical, regulatory, radiation protection, planning, management, and economic aspects related to the decommissioning of nuclear installations. The IAEA's overall objective of the decommissioning programme is to assist its Member States in developing the required expertise, equipment, and programmes so that they can decommission their nuclear facilities in a safe, timely, and cost-effective manner. Technical Cooperation (TC) with Member States having limited resources is commonly provided in the form of workshops, expert missions, equipment design and procurement, training courses, fellowships and scientific visits. Key examples are provided in this paper to illustrate the start, evolution and current status of TC activities and typical mechanisms by which such activities are implemented. Many of world's nuclear facilities are small and widely distributed geographically, e.g. ∼300 aging or shut-down research reactors. Requests for assistance to address this issue from Member States exceed the capability of IAEA (and others) to deliver. However, integrating individual initiative into a designed-for-purpose network may compensate for these limitations. A new IAEA initiative amongst organizations from both potential 'donor' and 'recipient' Member States has taken the form of an 'International Decommissioning Network (IDN)'. The objectives of the IDN are to improve the flow of knowledge and experience amongst those engaged in decommissioning, and specifically to enhance the 'user-oriented' focus for all IAEA

  6. Decommissioning of nuclear power plants

    International Nuclear Information System (INIS)

    Friske, A.; Thiele, D.

    1988-01-01

    The IAEA classification of decommissioning stages is outlined. The international development hitherto observed in decommissioning of nuclear reactors and nuclear power stations is presented. The dismantling, cutting and decontamination methods used in the decommissioning process are mentioned. The radioactive wastes from decommissioning are characterized, the state of the art of their treatment and disposal is given. The radiation burdens and the decommissioning cost in a decommissioning process are estimated. Finally, some evaluation of the trends in the decommissioning process of nuclear power plants is given. 54 refs. (author)

  7. Decommissioning engineering systems for nuclear facilities and knowledge inheritance for decommissioning of nuclear facilities

    International Nuclear Information System (INIS)

    Tachibana, Mitsuo

    2016-01-01

    Information on construction, operation and maintenance of a nuclear facility is essential in order to plan and implement the decommissioning of the nuclear facility. A decommissioning engineering system collects these information efficiently, retrieves necessary information rapidly, and support to plan the reasonable decommissioning as well as the systematic implementation of dismantling activities. Then, knowledge of workers involved facility operation and dismantling activities is important because decommissioning of nuclear facility will be carried out for a long period. Knowledge inheritance for decommissioning has been carried out in various organizations. This report describes an outline of and experiences in applying decommissioning engineering systems in JAEA and activities related to knowledge inheritance for decommissioning in some organizations. (author)

  8. Potential for recycling of slightly radioactive metals arising from decommissioning within nuclear sector in Slovakia.

    Science.gov (United States)

    Hrncir, Tomas; Strazovec, Roman; Zachar, Matej

    2017-09-07

    The decommissioning of nuclear installations represents a complex process resulting in the generation of large amounts of waste materials containing various concentrations of radionuclides. Selection of an appropriate strategy of management of the mentioned materials strongly influences the effectiveness of decommissioning process keeping in mind safety, financial and other relevant aspects. In line with international incentives for optimization of radioactive material management, concepts of recycling and reuse of materials are widely discussed and applications of these concepts are analysed. Recycling of some portion of these materials within nuclear sector (e.g. scrap metals or concrete rubble) seems to be highly desirable from economical point of view and may lead to conserve some disposal capacity. However, detailed safety assessment along with cost/benefit calculations and feasibility study should be developed in order to prove the safety, practicality and cost effectiveness of possible recycling scenarios. Paper discussed the potential for recycling of slightly radioactive metals arising from decommissioning of NPPs within nuclear sector in Slovakia. Various available recycling scenarios are introduced and method for overall assessment of various recycling scenarios is outlined including the preliminary assessment of safety and financial aspects. Copyright © 2017 Elsevier Ltd. All rights reserved.

  9. 1982 international decommissioning symposium

    International Nuclear Information System (INIS)

    Mickelson, S.

    1982-01-01

    Sixty-four papers were presented at the following sessions: policy, regulations, and standards; management of decommissioning wastes; decommissioning experience; decommissioning tooling and techniques; radiological concerns; and planning and engineering

  10. Financial Investments in Romania. A Comparative Analysis between Open-end Mutual Funds and Bank Deposits

    Directory of Open Access Journals (Sweden)

    Pop Izabela Luiza

    2017-01-01

    Full Text Available Despite the failures that investment funds have registered in Romania by the year 2000, they are a financial instrument chosen by more and more people to capitalize on their savings. Therefore, open-end investment funds have had a steady growth trend in Romania over the past 10 years; their net asset value increased by 24 times and the number of investors tripled. In this context, the purpose of our paper is to present possible factors that have caused this increase. Particularly, the empirical research focuses on studying the links that might exist between open-end investment funds, bank deposits and interest rates on bank deposits. The correlations between these variables were analysed by computing the Pearson's correlation coefficient. The results highlight a high negative relationship that exist between net asset value of investment funds and bank interest. Nevertheless, it has been found that bank deposits are related neither to the interest rate nor to the open-end investment funds.

  11. Decommissioning of multiple-reactor stations: facilitation by sequential decommissioning

    International Nuclear Information System (INIS)

    Moore, E.B.; Smith, R.I.; Wittenbrock, N.G.

    1982-01-01

    Reductions in cost and radiation dose can be achieved for decommissionings at multiple reactor stations because of factors not necessarily present at a single reactor station: reactors of similar design, the opportunity for sequential decommissioning, a site dedicated to nuclear power generation, and the option of either interim or permanent low-level radioactive waste storage facilities onsite. The cost and radiation dose reductions occur because comprehensive decommissioning planning need only be done once, because the labor force is stable and need only be trained once, because there is less handling of radioactive wastes, and because central stores, equipment, and facilities may be used. The cost and radiation dose reductions are sensitive to the number and types of reactors on the site, and to the alternatives selected for decommissioning. 3 tables

  12. Lessons Learned for Decommissioning Planning

    International Nuclear Information System (INIS)

    Sohn, Wook; Kim, Young-gook; Kim, Hee-keun

    2015-01-01

    The purpose of this paper is to introduce the U.S. nuclear industrial's some key lessons learned especially for decommissioning planning based on which well informed decommissioning planning can be carried out. For a successful decommissioning, it is crucial to carry out a well-organized decommissioning planning before the decommissioning starts. This paper discussed four key factors which should be decided or considered carefully during the decommissioning planning period with introduction of related decommissioning lessons learned of U.S. nuclear industry. Those factors which have been discussed in this paper include the end state of a site, the overall decommissioning strategy, the management of the spent fuels, and the spent fuel pool island. Among them, the end state of a site should be decided first as it directs the whole decommissioning processes. Then, decisions on the overall decommissioning strategy (DECON vs. SAFSTOR) and the management of the spent fuels (wet vs. dry) should follow. Finally, the spent fuel pool island should be given due consideration because its implementation will result in much cost saving. Hopefully, the results of this paper would provide useful inputs to performing the decommissioning planing for the Kori unit 1

  13. On Younger Stakeholders and Decommissioning of Nuclear Facilities

    Energy Technology Data Exchange (ETDEWEB)

    Tyszkiewicz, Bogumila; Labor, Bea

    2009-08-15

    In modern democratic countries, information sharing and effective and open communication concerning dismantling and decommissioning of of nuclear facilities as well as the management of nuclear waste are essential for the task to build the confidence required for any further development of nuclear energy. At the same time, it is often perceived that all decision making processes about nuclear energy policies are probably increasingly influenced by public opinion. Nuclear and radiation safety Authorities have a clear role in this regard to provide unbiased information on any health and safety related issues. In order to meet this need, it is necessary for Authorities and others to understand the values and opinions of the citizens, and especially the younger ones. They hold the key to the future at the same time as their perspective on these issues is the least understood. The need of greater public participation in decision making is becoming increasingly recognised the scientific as well as the political community. Many activities are carried out in order to stimulate to higher levels of public involvement in decision making in this active research area. Younger citizens is a stakeholder group that is often excluded in decision- making processes. The existence of large gaps between the involvement of older and younger stakeholders in decision making processes needs to be addressed, since such imbalances might otherwise lead to unequal opportunities between generations and limit the future consumption level of the coming generations. Another demanding task for the present generation is to assure that appropriate financial resources are injected into the Swedish Nuclear Waste Fund. It will thereby be possible for coming generations to undertake efficient measures in the decommissioning and dismantling of older nuclear facilities. To undertake such measures in line with the environmental and health codex is essential. An appropriate balance in this regard must be

  14. On Younger Stakeholders and Decommissioning of Nuclear Facilities

    International Nuclear Information System (INIS)

    Tyszkiewicz, Bogumila; Labor, Bea

    2009-08-01

    In modern democratic countries, information sharing and effective and open communication concerning dismantling and decommissioning of of nuclear facilities as well as the management of nuclear waste are essential for the task to build the confidence required for any further development of nuclear energy. At the same time, it is often perceived that all decision making processes about nuclear energy policies are probably increasingly influenced by public opinion. Nuclear and radiation safety Authorities have a clear role in this regard to provide unbiased information on any health and safety related issues. In order to meet this need, it is necessary for Authorities and others to understand the values and opinions of the citizens, and especially the younger ones. They hold the key to the future at the same time as their perspective on these issues is the least understood. The need of greater public participation in decision making is becoming increasingly recognised the scientific as well as the political community. Many activities are carried out in order to stimulate to higher levels of public involvement in decision making in this active research area. Younger citizens is a stakeholder group that is often excluded in decision- making processes. The existence of large gaps between the involvement of older and younger stakeholders in decision making processes needs to be addressed, since such imbalances might otherwise lead to unequal opportunities between generations and limit the future consumption level of the coming generations. Another demanding task for the present generation is to assure that appropriate financial resources are injected into the Swedish Nuclear Waste Fund. It will thereby be possible for coming generations to undertake efficient measures in the decommissioning and dismantling of older nuclear facilities. To undertake such measures in line with the environmental and health codex is essential. An appropriate balance in this regard must be

  15. Decommissioning handbook

    Energy Technology Data Exchange (ETDEWEB)

    Manion, W.J.; LaGuardia, T.S.

    1980-11-01

    This document is a compilation of information pertinent to the decommissioning of surplus nuclear facilities. This handbook is intended to describe all stages of the decommissioning process including selection of the end product, estimation of the radioactive inventory, estimation of occupational exposures, description of the state-of-the-art in re decontamination, remote csposition of wastes, and estimation of program costs. Presentation of state-of-the-art technology and data related to decommissioning will aid in consistent and efficient program planning and performance. Particular attention is focused on available technology applicable to those decommissioning activities that have not been accomplished before, such as remote segmenting and handling of highly activated 1100 MW(e) light water reactor vessel internals and thick-walled reactor vessels. A summary of available information associated with the planning and estimating of a decommissioning program is also presented. Summarized in particular are the methodologies associated with the calculation and measurement of activated material inventory, distribution, and surface dose level, system contamination inventory and distribution, and work area dose levels. Cost estimating techniques are also presented and the manner in which to account for variations in labor costs as impacting labor-intensive work activities is explained.

  16. Decommissioning handbook

    International Nuclear Information System (INIS)

    Manion, W.J.; LaGuardia, T.S.

    1980-11-01

    This document is a compilation of information pertinent to the decommissioning of surplus nuclear facilities. This handbook is intended to describe all stages of the decommissioning process including selection of the end product, estimation of the radioactive inventory, estimation of occupational exposures, description of the state-of-the-art in re decontamination, remote csposition of wastes, and estimation of program costs. Presentation of state-of-the-art technology and data related to decommissioning will aid in consistent and efficient program planning and performance. Particular attention is focused on available technology applicable to those decommissioning activities that have not been accomplished before, such as remote segmenting and handling of highly activated 1100 MW(e) light water reactor vessel internals and thick-walled reactor vessels. A summary of available information associated with the planning and estimating of a decommissioning program is also presented. Summarized in particular are the methodologies associated with the calculation and measurement of activated material inventory, distribution, and surface dose level, system contamination inventory and distribution, and work area dose levels. Cost estimating techniques are also presented and the manner in which to account for variations in labor costs as impacting labor-intensive work activities is explained

  17. Decommissioning of Ukrainian NPPs

    International Nuclear Information System (INIS)

    Skripov, A.E.

    2002-01-01

    The decision about the development of 'Decommissioning Concept of Ukrainian NPPs' being on commercial operational stage was approved by NAEK 'Energoatom' Board of Administration by way of the decommissioning activity effective planning. The Concept will be the branch document, containing common approaches formulations on problem decisions according to the units decommissioning with generated resources, and RAW and SNF management strategy during decommissioning

  18. Recommendations from the External Auditors to the CERN Pension Fund Management on the Annual Report and Financial Statements for the Year Ended 31 December 2016 and Comments from the CERN Pension Fund Management

    CERN Document Server

    2017-01-01

    Recommendations from the External Auditors to the CERN Pension Fund Management on the Annual Report and Financial Statements for the Year Ended 31 December 2016 and Comments from the CERN Pension Fund Management

  19. Recommendations from the External Auditors to the CERN Pension Fund Management on the Annual Report and Financial Statements for the year ended 31 December 2015 and comments from the CERN Pension Fund Management

    CERN Document Server

    2016-01-01

    Recommendations from the External Auditors to the CERN Pension Fund Management on the Annual Report and Financial Statements for the year ended 31 December 2015 and comments from the CERN Pension Fund Management

  20. Inspector General, DOD, Oversight of the Air Force Audit Agency Audit of the FY 1999 Air Force General Fund Financial Statements

    National Research Council Canada - National Science Library

    Lane, F

    2000-01-01

    ..., "Opinion on Fiscal Year 1999 Air Force Consolidated Financial Statements." Our objective was to determine the accuracy and completeness of the Air Force Audit Agency audit of the FY 1999 Air Force General Fund financial statements...

  1. The Financial Flexibility as a Factor of Financial Security

    Directory of Open Access Journals (Sweden)

    Feofanova Iryna V.

    2017-09-01

    Full Text Available The article is aimed at researching the approaches to assessing financial flexibility and the ways to improve it as a constituent part of financial security. Both the external and the internal threats to financial security have been defined. The indicators of assessment of the financial status of enterprise that are being calculated on the basis of value of equity were analyzed. It has been determined that the growth of equity has a positive impact on all coefficients, with the exception of the ratio of non-negotiable assets and the equity funds. It has been suggested that the ratio of non-negotiable assets to equity funds should be used as an indicator of the sufficiency of own capital gains. The relationship between the maneuverability coefficient of the own negotiable capital and the ratio of non-negotiable assets to the equity funds has been considered. It has been found that formation of the own financial resources is one of the main ways of increasing the financial flexibility of enterprises and organizations. A number of measures to increase equity have been proposed; the sources of the equity funds and the factors influencing the money flows have been defined.

  2. Decommissioning and cutting methods in the nuclear field

    Energy Technology Data Exchange (ETDEWEB)

    Bensoussan, E. [Protem SAS, 26 - Etoile sur Rhone (France)

    2008-07-01

    A few states started in the early forties/fifties the first development of nuclear technologies. Some of them now own a great amount of nuclear installations which entirely fulfill their assignment. In some cases, the life time of the nuclear power plants which were scheduled for approximately 30 years have been extended by more than 50%, the other ones as well as fuel production and enrichment plants, experimental or research reactors, will have to be dismantled in the near future. The decommissioning of those installations is definitely one of the twenty first century challenge. It is differently managed depending on the countries and their energetic and development policies, their financial consideration, the availability of qualified engineers or specialized companies to handle such projects. The final aim of decommissioning is to recover the geographic site in its original condition. A real cooperation is existing in between the people involved in different countries through different types of conferences and meetings during which the main subjects are: - The safety of the operators during all the phases of decommissioning operations. - Restrictions and dimensioning of the required equipment - Storage and waste management - Elaboration of procedures for recording all different steps and processes. Some of the techniques are described in this paper without being exhaustive. (author)

  3. Decommissioning and cutting methods in the nuclear field

    International Nuclear Information System (INIS)

    Bensoussan, E.

    2008-01-01

    A few states started in the early forties/fifties the first development of nuclear technologies. Some of them now own a great amount of nuclear installations which entirely fulfill their assignment. In some cases, the life time of the nuclear power plants which were scheduled for approximately 30 years have been extended by more than 50%, the other ones as well as fuel production and enrichment plants, experimental or research reactors, will have to be dismantled in the near future. The decommissioning of those installations is definitely one of the twenty first century challenge. It is differently managed depending on the countries and their energetic and development policies, their financial consideration, the availability of qualified engineers or specialized companies to handle such projects. The final aim of decommissioning is to recover the geographic site in its original condition. A real cooperation is existing in between the people involved in different countries through different types of conferences and meetings during which the main subjects are: - The safety of the operators during all the phases of decommissioning operations. - Restrictions and dimensioning of the required equipment - Storage and waste management - Elaboration of procedures for recording all different steps and processes. Some of the techniques are described in this paper without being exhaustive. (author)

  4. Inspector General, DOD, Oversight of the Audit of the FY 2000 Military Retirement Fund Financial Statements

    Science.gov (United States)

    2001-02-28

    statements and to report on the adequacy of internal controls and compliance with laws and regulations. We contracted the audit of the FY 2000 Military...performed on the oversight of the audit of the FY 2000 Military Retirement Fund Financial Statements.

  5. Guidelines of Decommissioning Schedule Establishment

    Energy Technology Data Exchange (ETDEWEB)

    Oh, Jae Yong; Yun, Taesik; Kim, Younggook; Kim, Hee-Geun [KHNP CRI, Daejeon (Korea, Republic of)

    2016-10-15

    Decommissioning has recently become an issue highlighted in Korea due to the Permanent Shutdown (PS) of Kori-1 plant. Since Korea Hydro and Nuclear Power (KHNP) Company decided the PS of Kori-1 instead of further continued operation, Kori-1 will be the first decommissioning plant of the commercial reactors in Korea. Korean regulatory authority demands Initial Decommissioning Plan (IDP) for all the plants in operation and under construction. In addition, decommissioning should be considered for the completion of the life cycle of NPPs. To date, Korea has no experience regarding decommissioning of the commercial reactor and a lot of uncertainties will be expected due to its site-specific factors. However, optimized decommissioning process schedule must be indispensable in the safety and economic efficiency of the project. Differed from USA, Korea has no experience and know-hows of the operation and site management for decommissioning. Hence, in Korea, establishment of decommissioning schedule has to give more weight to safety than precedent cases. More economical and rational schedule will be composed by collecting and analyzing the experience data and site-specific data and information as the decommissioning progresses. In a long-range outlook, KHNP having capability of NPP decommissioning will try to decommissioning business in Korea and foreign countries.

  6. INVESTMENT FUNDS IN ROMANIA

    Directory of Open Access Journals (Sweden)

    COPIL CRINA ANGELA

    2013-07-01

    Full Text Available I chose this topic because my goal was to capture in detail all aspects of the evolution of investment funds under the influence of factors leading to globalization of the banking financial market. Main motivation was that I proposed to present in an original manner the concept of investment in mutual funds by the thoroughness of the following points: the different types of investment funds from Romania, the advantages, the risks and the specific costs of the investment in mutual funds and the effects of the financial crisis on the industry of the investment funds on the national level. The financial crisis and the risk of infecting the global economy affected the taste of risk of the investors and their request for the investment fund, determining the orientation of the investors to the funds with a lower risk – the diversified funds, the funds of bonds and the monetary funds. I considered important the theoretical approach of the concept of investments in investment funds because they are a barometer of the macro economical stability, in case the economical increase is positive on the macro economical level the investments in investments funds are increasing too. In Romania the market of the mutual funds is at an incipient level, but with potential and perspectives of development. Due to the bankruptcy of FNI in the beginning of the years 2000 and due to the absence of a clear legislation regarding the calculation of the unitary value of the net asset and the control of the activity developed by the investment funds, the development of the industry of the investment funds had to fight against the crisis of credibility generated by these events. The convergence of the Romanian economy to the European standards will attract also a modification of the structure of the financial investments of the individuals, by an increase of the investments in funds. In the world the investment funds are preferred by the investors for their advantages

  7. Assessment of Non-Financial Criteria in the Selection of Investment Projects for Seed Capital Funding: the Contribution of Scientometrics and Patentometrics

    Directory of Open Access Journals (Sweden)

    Gustavo da Silva Motta

    2012-09-01

    Full Text Available The aim of this article is to assess the potential of using scientometric and patentometric indicators as a way of instrumentalizing the selection process of projects for seed capital funding. There is an increasing interest in technology based enterprises for their capacity to contribute to economic and social development, but there is also some difficulty in assessing non-financial criteria associated with technology for the purposes of financial funding. Thus, this research selected the case of the first enterprise invested in by the largest seed capital fund in Brazil, in order to create scientific and technological indicators and to assess the extent to which these indicators may contribute to understanding the market potential of the technology once it is assessed. It was concluded that scientometric and patentometric indicators favour the assessment process for non-financial criteria, in particular those criteria dealt with in this study: technology, market, divestment, and team.

  8. Pension funds investments in hedge funds-a necessary regulation

    Directory of Open Access Journals (Sweden)

    Daniela Gaftoniuc

    2010-12-01

    Full Text Available When it comes to investment strategies, generally, pension funds have proved to be conservative investors with a long term approach on investments and constant preoccupation for asset diversification as well as tendencies to secure their portfolios through investments in established financial products. Nevertheless, within this constant preoccupation for portfolio diversification as well as gain of notable profits, private pension funds have invested to a certain degree also in less cautious products respectively have conducted less stable investments. The financial turbulences that hit the US towards the end of 2007 and spread globally to become one of the most severe financial crisis witnessed, haven’t left pension funds immune to this phenomenon. Although, as previously stated, the special feature of pension funds is based on long term investments, which confers a certain degree of natural protection, there can not be the talk of absolute immunity either.

  9. Informing the Lithuanian public about the decommissioning of Unit 1 at Ignalina NPP

    International Nuclear Information System (INIS)

    Medeliene, D.; Alvers, M.

    2001-01-01

    The final decision about decommissioning of Unit 1 at Ignalina NPP by 2005 was taken when the Lithuanian Parliament approved the National Energy Strategy in 1999. In 2000 the Board of the European Bank of Research and Development (EBRD) approved the establishment of the Ignalina International Decommissioning Support Fund and the International Donors' Conference took place in Vilnius. Sweden's longterm co-operation with Lithuania in the area of nuclear safety started already in 1992, soon after the country had regained its independence. SIP (Swedish International Project Nuclear Safety) administers this bilateral assistance. Public information has been included in the Swedish programme since the establishment of the Information Centre at INPP and is also a part of the bilateral decommissioning support. SIP finances a series of TV-programmes on a national channel and the local cable TV in Visaginas (the town close to Ignalina NPP) about various aspects of decommissioning. The Lithuanian regulatory authority VATESI uses its experience in public relations to inform about the situation related with decommissioning. The authority organizes 'Open Doors' days and press conferences to provide objective and trustworthy information. The reaction of the viewers to the TV-programmes were very positive and Sweden will continue the support to the information programme in Lithuania. (author)

  10. 75 FR 12407 - Capital Magnet Fund

    Science.gov (United States)

    2010-03-15

    ... of financial institutions to provide capital, credit and financial services in underserved markets... Part IV Department of the Treasury Community Development Financial Institutions Fund 12 CFR Part... TREASURY Community Development Financial Institutions Fund 12 CFR Part 1807 RIN 1559-AA00 Capital Magnet...

  11. The Network of U.S. Mutual Fund Investments: Diversification, Similarity and Fragility throughout the Global Financial Crisis

    OpenAIRE

    Delpini, Danilo; Battiston, Stefano; Caldarelli, Guido; Riccaboni, Massimo

    2018-01-01

    Network theory proved recently to be useful in the quantification of many properties of financial systems. The analysis of the structure of investment portfolios is a major application since their eventual correlation and overlap impact the actual risk diversification by individual investors. We investigate the bipartite network of US mutual fund portfolios and their assets. We follow its evolution during the Global Financial Crisis and analyse the interplay between diversification, as unders...

  12. Defense Finance and Accounting Service Work on the FY 1993 Air Force Defense Business Operations Fund Financial Statements

    National Research Council Canada - National Science Library

    Rau, Russell

    1995-01-01

    Our original audit objective was to determine whether the Air Force Consolidated Defense Business Operations Fund financial statements, prepared by the DFAS Denver Center for FY 1993, were presented...

  13. Preparation for decommissioning of the Kozloduy Nuclear Power Plant units 1 and 2

    International Nuclear Information System (INIS)

    Delcheva, T.; Ribarski, V.; Demireva, E.

    2006-01-01

    The first decommissioning strategy of units 1 and 2 of Kozloduy NPP (KNPP) stipulated 3 phases: a 5 year phase including the post operation activities and preparation of the safe enclosure (SE); a 35 years SE period, followed by deferred dismantling. 'Updated Decommissioning Strategy for Units 1-4 of Kozloduy NPP' was issued in June 2006. The Updated Strategy is based on the so called 'Continuous Dismantling' Concept. The updated Strategy starts preparatory work earlier and then moves into dismantling work without a significant gap. The aim is to achieve a more optimal distribution of the dismantling activities along the time, saving jobs and the existing knowledge of the plant personnel during the decommissioning, and ensuring smooth and more effective use of financial and human resources and of the available infrastructure for waste treatment. This paper gives general information about the updated strategy and activities required for its implementation. (author)

  14. Basic Research on Selecting ISDC Activity for Decommissioning Costing in KRR-2 Decommissioning Project Experience Data

    Energy Technology Data Exchange (ETDEWEB)

    Song, Chan-Ho; Park, Hee-Seong; Jin, Hyung-Gon; Park, Seung-Kook [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2015-10-15

    KAERI is performing research for calculation of expected time of a decommissioning work and evaluation of decommissioning cost and this research calculate a decommissioning work unit productivity based on the experience data of decommissioning activity for KRR-2. The KAERI be used to calculate the decommissioning cost and manage the experience data from the decommissioning activity through the Decommissioning Information Management System (DECOMMIS), Decommissioning Facility Characterization DB System (DEFACS), and Decommissioning Work-unit Productivity Calculation System (DEWOCS). In this paper, the methodology was presented how select the ISDC activities in dismantling work procedures of a 'removal of radioactive concrete'. The reason to select the 'removal of radioactive concrete' is main key activity and generates the amount of radioactive waste. This data will take advantage of the cost estimation after the code for the selected items derived ISDC. There are various efforts for decommissioning costing in each country. In particular, OECD/NEA recommends decommissioning cost estimation using the ISDC and IAEA provides for Cost Estimation for Research Reactors in Excel (CERREX) program that anyone is easy to use the cost evaluation from a limited decommissioning experience in domestic. In the future, for the decommissioning cost evaluation, the ISDC will be used more widely in a strong position. This paper has described a method for selecting the ISDC item from the actual dismantling work procedures.

  15. Market conditions and hedge fund survival

    OpenAIRE

    Mark A. Carlson; Jason Steinman

    2008-01-01

    As the hedge fund industry has grown, there has been increased concern that, during sharp market moves, hedge fund failures could exacerbate the deterioration in financial conditions and deepen a crisis. However, there has not been much formal analysis regarding the impact of financial market conditions on hedge fund survival. To help fill this gap, this paper examines the relationship between financial market conditions and the likelihood of hedge fund failure after controlling for performan...

  16. Workshop on decommissioning; Seminarium om avveckling

    Energy Technology Data Exchange (ETDEWEB)

    Broden, K. (ed.)

    2005-12-15

    A Nordic workshop on decommissioning of nuclear facilities was held at Risoe in Denmark September 13-15, 2005. The workshop was arranged by NKS in cooperation with the company Danish Decommissioning, DD, responsible for decommissioning of nuclear facilities at Risoe. Oral presentations were made within the following areas: International and national recommendations and requirements concerning decommissioning of nuclear facilities Authority experiences of decommissioning cases Decommissioning of nuclear facilities in Denmark Decommissioning of nuclear facilities in Sweden Plans for decommissioning of nuclear facilities in Norway Plans for decommissioning of nuclear facilities in Finland Decommissioning of nuclear facilities in German and the UK Decommissioning of nuclear facilities in the former Soviet Union Results from research and development A list with proposals for future work within NKS has been prepared based on results from group-work and discussions. The list contains strategic, economical and political issues, technical issues and issues regarding competence and communication. (au)

  17. Financial Reporting Procedures for Defense Distribution Depots - Defense Logistics Agency Business Area of the Defense Business Operations Fund

    National Research Council Canada - National Science Library

    Young, Shelton

    1994-01-01

    In our audit of the FY 1993 Financial Statements for the Distribution Depots--Defense Logistics Agency Business Mea of the Defense Business Operations Fund, we evaluated procedures and controls used...

  18. Financial Regulations and the Diversification of Funding Sources in Higher Education Institutions: Selected European Experiences

    Science.gov (United States)

    Stachowiak-Kudla, Monika; Kudla, Janusz

    2017-01-01

    The paper addresses the problem of the financial regulations' impact on the share of private financing in higher education institutions (HEIs). The authors postulate the trade-off between the size and stability of public financing and the regulations fostering stability of HEIs' funds. If the public sources are insufficient then the regulations…

  19. Safety Assessment for Decommissioning

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-06-15

    In the past few decades, international guidance has been developed on methods for assessing the safety of predisposal and disposal facilities for radioactive waste. More recently, it has been recognized that there is also a need for specific guidance on safety assessment in the context of decommissioning nuclear facilities. The importance of safety during decommissioning was highlighted at the International Conference on Safe Decommissioning for Nuclear Activities held in Berlin in 2002 and at the First Review Meeting of the Joint Convention on the Safety of Spent Fuel Management and on the Safety of Radioactive Waste Management in 2003. At its June 2004 meeting, the Board of Governors of the IAEA approved the International Action Plan on Decommissioning of Nuclear Facilities (GOV/2004/40), which called on the IAEA to: ''establish a forum for the sharing and exchange of national information and experience on the application of safety assessment in the context of decommissioning and provide a means to convey this information to other interested parties, also drawing on the work of other international organizations in this area''. In response, in November 2004, the IAEA launched the international project Evaluation and Demonstration of Safety for Decommissioning of Facilities Using Radioactive Material (DeSa) with the following objectives: -To develop a harmonized approach to safety assessment and to define the elements of safety assessment for decommissioning, including the application of a graded approach; -To investigate the practical applicability of the methodology and performance of safety assessments for the decommissioning of various types of facility through a selected number of test cases; -To investigate approaches for the review of safety assessments for decommissioning activities and the development of a regulatory approach for reviewing safety assessments for decommissioning activities and as a basis for regulatory decision making; -To provide a forum

  20. Nuclear power plant decommissioning

    International Nuclear Information System (INIS)

    Yaziz Yunus

    1986-01-01

    A number of issues have to be taken into account before the introduction of any nuclear power plant in any country. These issues include reactor safety (site and operational), waste disposal and, lastly, the decommissioning of the reactor inself. Because of the radioactive nature of the components, nuclear power plants require a different approach to decommission compared to other plants. Until recently, issues on reactor safety and waste disposal were the main topics discussed. As for reactor decommissioning, the debates have been academic until now. Although reactors have operated for 25 years, decommissioning of retired reactors has simply not been fully planned. But the Shippingport Atomic Power Plant in Pennysylvania, the first large scale power reactor to be retired, is now being decommissioned. The work has rekindled the debate in the light of reality. Outside the United States, decommissioning is also being confronted on a new plane. (author)

  1. Decommissioning Unit Cost Data

    International Nuclear Information System (INIS)

    Sanford, P. C.; Stevens, J. L.; Brandt, R.

    2002-01-01

    The Rocky Flats Closure Site (Site) is in the process of stabilizing residual nuclear materials, decommissioning nuclear facilities, and remediating environmental media. A number of contaminated facilities have been decommissioned, including one building, Building 779, that contained gloveboxes used for plutonium process development but did little actual plutonium processing. The actual costs incurred to decommission this facility formed much of the basis or standards used to estimate the decommissioning of the remaining plutonium-processing buildings. Recent decommissioning activities in the first actual production facility, Building 771, implemented a number of process and procedural improvements. These include methods for handling plutonium contaminated equipment, including size reduction, decontamination, and waste packaging, as well as management improvements to streamline planning and work control. These improvements resulted in a safer working environment and reduced project cost, as demonstrated in the overall project efficiency. The topic of this paper is the analysis of how this improved efficiency is reflected in recent unit costs for activities specific to the decommissioning of plutonium facilities. This analysis will allow the Site to quantify the impacts on future Rocky Flats decommissioning activities, and to develop data for planning and cost estimating the decommissioning of future facilities. The paper discusses the methods used to collect and arrange the project data from the individual work areas within Building 771. Regression and data correlation techniques were used to quantify values for different types of decommissioning activities. The discussion includes the approach to identify and allocate overall project support, waste management, and Site support costs based on the overall Site and project costs to provide a ''burdened'' unit cost. The paper ultimately provides a unit cost basis that can be used to support cost estimates for

  2. Decommissioning and demolition in the European Union. Current status

    International Nuclear Information System (INIS)

    Blohm-Hieber, Ute

    2009-01-01

    The European Commission pursues the environmental and energy policy goals of limiting global warming to a maximum of 2 C and, therefore, reducing CO 2 emissions by at least 20%. Nuclear power, with its present 30% contribution to the Community's electricity supply and the low CO 2 emissions of the entire fuel cycle, makes an important contribution to an energy mix matching the 3 factors of competitiveness, security of supply, and sustainability. The decision to use nuclear power plants in their respective countries for electricity production is left to each member state. As of mid-2008, 146 nuclear power plants were in operation in the European Union, while 74 had been shut down permanently. Two nuclear power plants had been demolished completely, showing that the European Community is just at the beginning of the learning curve in this field. The importance of nuclear power plant decommissioning and demolition will increase in the future as replacement capacity in nuclear power generation will become necessary. The European Commission's activities in decommissioning and demolition date from the 1990s: The provisions about environmental impact assessment and the recommendations to apply Article 37 (potential impacts on water, soil and air) of the Euratom Treaty demand a description of decommissioning and demolition of nuclear power plants. In a ruling of 2002, the European Court of Justice assigns to the Community the required competences in the fields of nuclear safety and, consequently, also decommissioning and demolition. The financial provisions necessary for these activities are covered in the Electricity Directive within the framework of the rules for a common single market in 2003. After a first status report, the Commission published recommendations about financing decommissioning and demolition in 2006. (orig.)

  3. Guideline to Estimate Decommissioning Costs

    Energy Technology Data Exchange (ETDEWEB)

    Yun, Taesik; Kim, Younggook; Oh, Jaeyoung [KHNP CRI, Daejeon (Korea, Republic of)

    2016-10-15

    The primary objective of this work is to provide guidelines to estimate the decommissioning cost as well as the stakeholders with plausible information to understand the decommissioning activities in a reasonable manner, which eventually contribute to acquiring the public acceptance for the nuclear power industry. Although several cases of the decommissioning cost estimate have been made for a few commercial nuclear power plants, the different technical, site-specific and economic assumptions used make it difficult to interpret those cost estimates and compare them with that of a relevant plant. Trustworthy cost estimates are crucial to plan a safe and economic decommissioning project. The typical approach is to break down the decommissioning project into a series of discrete and measurable work activities. Although plant specific differences derived from the economic and technical assumptions make a licensee difficult to estimate reliable decommissioning costs, estimating decommissioning costs is the most crucial processes since it encompasses all the spectrum of activities from the planning to the final evaluation on whether a decommissioning project has successfully been preceded from the perspective of safety and economic points. Hence, it is clear that tenacious efforts should be needed to successfully perform the decommissioning project.

  4. The decommissioning of commercial magnox gas cooled reactor power stations in the United Kingdom

    International Nuclear Information System (INIS)

    Holt, G.

    1998-01-01

    There are nine commercial Magnox gas-cooled reactor power stations in the United Kingdom. Three of these stations have been shutdown and are being decommissioning, and plans have also been prepared for the eventual decommissioning of the remaining operational stations. The preferred strategy for the decommissioning of the Magnox power stations has been identified as 'Safestore' in which the decommissioning activities are carried out in a number of steps separated by quiescent periods of care and maintenance. The final clearance of the site could be deferred for up to 135 years following station shutdown so as to obtain maximum benefit from radioactive decay. The first step in the decommissioning strategy is to defuel the reactors and transport all spent and new fuel off the site. This work has been completed at all three shutdown stations. Decommissioning work is continuing on the three sites and has involved activities such as dismantling, decontamination, recycling and disposal of some plant and structures, and the preparation of others for retention on the site for a period of care and maintenance. Significant experience has been gained in the practical application of decommissioning, with successful technologies and processes being identified for a wide range of activities. For example, large and small metallic and concrete structures, some with complex geometries, have been successfully decontaminated. Also, the reactors have been prepared for a long period of care and maintenance, with instrumentation and sampling systems having been installed to monitor their continuing integrity. All of this work has been done under careful safety, technical, and financial control. (author)

  5. Lessons learned: Infrastructure development and financial management for large, publicly funded, international trials.

    Science.gov (United States)

    Larson, Gregg S; Carey, Cate; Grarup, Jesper; Hudson, Fleur; Sachi, Karen; Vjecha, Michael J; Gordin, Fred

    2016-04-01

    Randomized clinical trials are widely recognized as essential to address worldwide clinical and public health research questions. However, their size and duration can overwhelm available public and private resources. To remain competitive in international research settings, advocates and practitioners of clinical trials must implement practices that reduce their cost. We identify approaches and practices for large, publicly funded, international trials that reduce cost without compromising data integrity and recommend an approach to cost reporting that permits comparison of clinical trials. We describe the organizational and financial characteristics of The International Network for Strategic Initiatives in Global HIV Trials, an infectious disease research network that conducts multiple, large, long-term, international trials, and examine challenges associated with simple and streamlined governance and an infrastructure and financial management model that is based on performance, transparency, and accountability. It is possible to reduce costs of participants' follow-up and not compromise clinical trial quality or integrity. The International Network for Strategic Initiatives in Global HIV Trials network has successfully completed three large HIV trials using cost-efficient practices that have not adversely affected investigator enthusiasm, accrual rates, loss-to-follow-up, adherence to the protocol, and completion of data collection. This experience is relevant to the conduct of large, publicly funded trials in other disease areas, particularly trials dependent on international collaborations. New approaches, or creative adaption of traditional clinical trial infrastructure and financial management tools, can render large, international clinical trials more cost-efficient by emphasizing structural simplicity, minimal up-front costs, payments for performance, and uniform algorithms and fees-for-service, irrespective of location. However, challenges remain. They

  6. CONSIDERATIONS OVER THE METHODOLOGY OF FINANCIAL ANALYSIS AND ITS LINKAGE WITH BANKABILITY OF EUROPEAN FUNDED INVESTMENT PROJECTS

    OpenAIRE

    TRENCA Ioan; PETRIA Nicolae; DROJ Laurentiu

    2012-01-01

    European funding is considered to be one of the hot topics in Romania and all over Eastern Europe since its novelty and its expected capacity to improve the life of the newly integrated European citizens. The linkages between the European Financial Support Programmes, the private financing performed by the banking sector and the private companies which are intending to use the structural funds to finance their investments is obvious. The present paper analyzed these linkages, creates a case s...

  7. Role of Slovakia within the IAEA Decommissioning Related Activities

    International Nuclear Information System (INIS)

    Michal, V.; Stubna, M.

    2009-01-01

    Slovakia has a long-term experience with the IAEA decommissioning related activities as a recipient of Agency assistance and then as a country offering assistance to others. Background, short 'history' and current status of Slovakian national technical cooperation (TC) projects SLR/4/008 'Robotic Technologies for Decontamination and Decommissioning of the Bohunice A1 NPP' and SLR/3/002 'Management of Radioactive Waste from the A1 Nuclear Power Plant Decommissioning' will be described in paper. The first TC project SLR/4/008 was solved by the main Slovakian counterpart, company VUJE, Inc., from 2001 to 2006. Second TC project SLR/3/002 is ongoing with extension to 2011. Thanks to the implementation of a long-term large-scale 'Project of the A1 NPP Decommissioning - Stage I' (1996-2007), financed by Slovak National Nuclear Account (decommissioning fund), as well as implementation of the IAEA TC national projects a comprehensive know-how in the field of D and D and RAW management was obtained. Moreover, technologies and facilities necessary for implementation of decommissioning and RAW management projects were developed. Thanks to this development Slovakia offers donor assistance to other countries in subjected fields through IAEA TC program. The type and scope of assistance for Armenia, Bulgaria, Egypt, Latvia, Lithuania and The Ukraine is described in the paper. The above-mentioned national projects are not only activities of Slovakia within the IAEA TC program. Regional TC project RER/3/005 'Support in Planning the Decommissioning of Nuclear Power Plants and Research Reactors' has been ongoing from 2007 with accepted extension to 2011. About nine countries from Eastern and Central Europe participate in the project (for the NPPs part) and Slovakia plays the role of LCC (Leading Country Coordinator). On the basis of suggestion of Nuclear Regulatory Authority of the Slovak Republic, VUJE is the coordinator of the regional project. Moreover, Slovakia would be the

  8. Reserves for nuclear power plant decommissioning and radwaste disposal in Germany. An analysis and evaluation from the angle of energy policy

    International Nuclear Information System (INIS)

    Buerger, V.

    1998-01-01

    The study, which is the first of its kind in Germany, presents a comprehensive survey of total reserves set up by the German nuclear industry for liabilities and costs for nuclear power plant decommissioning and resulting radwaste disposal, which is a legal and foreseeable responsibility but uncertain in amount. The study looks into the various ways the earmarked money was invested and analyses the funds with respect to their efficiency and reliability to provide financial security for the given tasks and purpose. The question put in this context is: Are the reserves set up so far in line with official cost estimates, i.e. will they cover estimated costs, or do they even exceed the estimated amounts? The conclusions drawn and explained in this document are: The reserves for nuclear decommissioning have been used by the nuclear power plant operators and electricity companies as a significant capital source. Some of the capital accrued is being increasingly used at present to cover expenses arising for restructuring of business and diversification into new business segments of interest in the open national and European electricity markets. Companies such as RWE, Preussen Elektra, and Bayernwerk, which until deregulation of the energy sector were just power supply companies, have been transformed into conglomerate companies and international players in the markets, like RWE Holding, VEBA, and VIAG. It can be safely assumed that the companies would not have been able to reach the important positions they currently hold in the German economy without tapping the reserves for nuclear decommissioning. (orig./CB) [de

  9. International Good Practice on Practical Implementation of Characterisation in Decommissioning. Radiological Characterization in Decommissioning of Nuclear Facilities: International Good Practice on Practical Implementation

    International Nuclear Information System (INIS)

    Larsson, A.; Empdage, M.; Weber, I.; )

    2017-01-01

    Within the Nuclear Energy Agency (NEA), the Working Party on Decommissioning and Dismantling (WPDD) operates under the umbrella of the Radioactive Waste Management Committee (RWMC). The WPDD provides a focus for the analysis of decommissioning policy, strategy and regulation, including the related issues of waste management, release of buildings and sites from regulatory control and associated cost estimation and funding. WPDD also convenes task groups comprised of experts from the NEA member countries to review related topics such as characterisation techniques which support decommissioning and associated waste management. The Task Group on Radiological Characterisation and Decommissioning was established in 2011 to identify and present characterisation good practice at different stages of decommissioning and to identify areas that could, or should, be developed further through international cooperation and coordination. By the end of 2016 two phases of work will be complete. The first phase developed strategic guidance for decision makers on the selection and tailoring of strategies for radiological characterisation, which gives an overview of good practice for radiological characterisation at different phases of the life cycle of a nuclear installation. The second phase has focused on strategies for practical implementation of radiological characterisation from a waste and materials end-state perspective. This paper provides a summary of the phase 2 findings, covering: -) a major international survey (questionnaire) to elicit the views of characterisation experts regarding good practice; -) Learning drawn from recent international case studies; -) The collation and analysis of regulations, standards and guidance documents; -) Learning distilled from an international conference on characterisation co-organised by the task group; and -) Overall conclusions regarding characterisation good practice, recommendations and identified areas for further international

  10. Ensuring the Availability of Funds (Germany)

    International Nuclear Information System (INIS)

    Warnecke, Ernst; Paul, Michael

    2006-01-01

    1 - Legislation and regulation pertinent to funding: no site / facility specific legislation / regulation (Decommissioning Guideline); the obligation for D+D results from the Atomic Energy Act; the AtG requires a license for D + D of a nuclear facility; the Commercial Code requires reserves for liabilities; the Income Tax Law (EStG) is relevant for the taxation of reserves; the 'Ordinance on Advance Payments' is relevant for the construction of RW disposal facilities; the AtG is relevant for the payment of RW disposal costs. 2 - Financing system: Basic Principle: Polluter pays; Publicly funded facilities (mainly Federal Government): payment from annual budget; Privately owned facilities: collection of 'reserves' during operation / linear accumulation over 25 years, coverage: processing, storage and disposal of radioactive waste/spent fuel, D + D of nuclear facilities, reserves are in the portfolio of industry, financial risk lies with the operator; Availability of private funds: annual review / revision of the cost calculations by the operator, review of cost calculations by tax authorities. 3 - Costs: Cost calculation by the operator are based on detailed planning, need to be assessed conservatively. D + D cost calculation (as of 1999): ca. 300 x 10 6 Euro (1200 MW PWR, excl. disposal), ca. 350 x 10 6 Euro (800 MW BWR excl. disposal), ca. 700 x 10 6 Euro (incl. disposal of non-heat generating waste), immediate dismantling is slightly cheaper than deferred dismantling. Review and decision on adequacy of cost calculation by tax authorities. 4 - Experience: A lot of experience (public and private) has been gained, Experience is good, funds were available. 5 - Changing conditions - new challenges: Termination of nuclear energy generation, New approach to waste disposal, Privatisation of utilities, Liberalisation of energy market. Does the existing funding system need improvement?: Reconsideration of the existing situation, Exploration of potential improvements

  11. Defense Finance and Accounting Service Work on the FY 1993 Air Force Defense Business Operations Fund Financial Statements

    National Research Council Canada - National Science Library

    Rau, Russell

    1995-01-01

    ... fairly in accordance with accepted accounting principles. The objective was revised to correspond with the incremental audit approach that DoD audit organizations were using for the Defense Business Operations Fund' 5 financial statements...

  12. Valuation and Presentation of Inactive Inventory on the FY 1997 Defense Logistics Agency Working Capital Fund Financial Statements

    National Research Council Canada - National Science Library

    1998-01-01

    The overall objective of our audit was to determine whether the FY 1997 Financial Statements of the DLA Working Capital Fund were presented fairly and in accordance with Office of Management and Budget Bulletin...

  13. [Factors Influencing Participation in Financial Incentive Programmes of Health Insurance Funds. Results of the Study 'German Health Update'].

    Science.gov (United States)

    Jordan, S; von der Lippe, E; Starker, A; Hoebel, J; Franke, A

    2015-11-01

    The statutory health insurance can offer their insured incentive programmes that will motivate for healthy behaviour through a financial or material reward. This study will show results about what factors influence financial incentive programme participation (BPT) including all sorts of statutory health insurance funds and taking into account gender differences. For the cross-sectional analysis, data were used from 15,858 participants in the study 'Germany Health Update' (GEDA) from 2009, who were insured in the statutory health insurance. The selection of potential influencing variables for a BPT is based on the "Behavioural Model for Health Service Use" of Andersen. Accordingly, various factors were included in logistic regression models, which were calculated separately by gender: predisposing factors (age, education, social support, and health awareness), enabling factors (income, statutory health insurance fund, and family physician), and need factors (smoking, fruit and vegetable consumption, sports, body mass index, and general health status). In consideration of all factors, for both sexes, BPT is associated with age, health awareness, education, use of a family physician, smoking, and sports activities. In addition, income, body mass index, and diet are significant in women and social support and kind of statutory health insurance fund in men. It is found that predisposing, enabling and need factors are relevant. Financial incentive programmes reach population groups with greatest need less than those groups who already have a health-conscious behaviour, who receive a reward for this. In longitudinal studies, further research on financial incentive programmes should investigate the existence of deadweight effects and whether incentive programmes can contribute to the reduction of the inequity in health. © Georg Thieme Verlag KG Stuttgart · New York.

  14. State of decommissioning process in Romania

    International Nuclear Information System (INIS)

    Ciuculescu, C.

    2002-01-01

    In Romania, there are several installations that arrived at the decommissioning stage. These installations are: VVR-S research reactor, Sub critical Assembly HELEN, and Zero Power Reactor (RP-0). In this paper, the methods the Romanian Regulatory Body is developing the legal framework for decommissioning process of nuclear installations are described. There is a draft of decommissioning norms for research reactors. This regulation provides each stage of decommissioning and requirements for decommissioning plan. Also, CNCAN has evaluated and made requirements for completion of a VVR-S research reactor decommissioning plan submitted by IFIN-HH. Further, the reasons for which the decommissioning plan was rejected and requirements that the owner of VVR-S research reactor must fulfil in order to receive decommissioning licence are presented. (author)

  15. The impact of the internalisation of the decommissioning costs at Cernavoda NPP

    International Nuclear Information System (INIS)

    Metes, Mircea; Goicea, Andrei

    2004-01-01

    The 'decommissioning of the nuclear power plant' means to release the site where a nuclear installation has been operated in such manner that this site could be further used, without any restriction, by the present or future generations. This is an important and complex requirement related to sustainable development. The decommissioning is a complicated and costly process; therefore it is imperative to start its preparation as early as possible, to ensure the creation of the necessary financial resources and to carefully schedule all the phases to be performed after the plant's permanently shutdown. The paper presents different possible strategies for the decommissioning, recommended by the International Atomic Energy Agency-Vienna, as well as some elements of the decommissioning experience acquired in the world. Special attention is given to the issue of the financial resources which must be provided by the nuclear power plant, during its operational life, with the corresponding impact on the cost of the electrical energy delivered by the plant. The practice of the internalization of the decommissioning costs is worldwide accepted; it is an approach specific to nuclear sector, proving once more its compatibility with the environmental protection and sustainable development. The sustainable development consists in such solutions that are able to satisfy the needs of the present generation without hampering the ability of the future generations to satisfy their own needs. In the nuclear energy sector, sustainability is provided by the following specific features: (1) Nuclear energy was and shall be in the future an important factor in security of energy supply. Due to the availability of the primary energy resources (fissile and fertile materials), nuclear electricity is and shall be accessible at affordable price on a permanent and reliable basis. (2) Nuclear energy as a part of the energy mix can diminish non-renewable energy consumption, prevent the exhaustion of

  16. Waste management, decommissioning and environmental restoration for Canada's nuclear activities: 'Current practices and future needs'

    International Nuclear Information System (INIS)

    2006-01-01

    The Canadian Nuclear Society conference on Waste Management, Decommissioning and Environmental Restoration for Canada's Nuclear Activities was held on May 8-11, 2005 in Ottawa, Ontario, Canada. The objective of this Conference was to provide a forum for discussion and exchange of views on the technical, regulatory and social challenges and opportunities in radioactive waste management, nuclear facility decommissioning and environmental restoration activities in Canada. The Conference was organized into several plenary sessions and eight technical tracks: Low- and intermediate-level wastes; Uranium mining and milling wastes; Used nuclear fuel; Decommissioning; Environmental restoration; Policy, economics and social issues; Licensing and regulatory issues; and, Radioactive materials transportation. The three-day Conference involved waste management, decommissioning and environmental technology practitioners; delegates from industry, academia, and government agencies and regulators; consulting engineers; financial and legal experts; and other specialists working in the field. While the Conference had a primarily Canadian focus, about 10 per cent of the submissions received came from foreign and international organizations, which provided insights into how other countries are dealing with similar issues

  17. Current status of Chernobyl NPP decommissioning

    International Nuclear Information System (INIS)

    2009-01-01

    Strategy of Chernobyl NPP decommissioning with the decommissioning license 2002-2064 is presented. The main activities at the stage of ChNPP units shutdown (2002 - 2012) are: units maintenance in safe state; decommissioning infrastructure construction; unloading of SNF – main activity determining the stage duration; systems and elements final shutdown; decommissioning life-support systems reconstruction; Comprehensive engineering and radiation survey (CERS); dismantling of the reactor facilities external equipment; removal of RAW from units; decommissioning documentation development. The decommissioning activities main results are presented

  18. Mutual Fund Performances of Polish Domestic Equity Fund Managers

    Directory of Open Access Journals (Sweden)

    ömer faruk tan

    2015-10-01

    Full Text Available Purpose of the article: The main purpose of the paper is empirically evaluating selectivity skills and market timing ability of Polish fund managers during the period from January 2009 to November 2014. After the global financial crisis of 2008, in this period of quantitative easing (QE, thanks to an increase in the money supply, a capital flow from developed countries to developing countries was observed. In this study, we try to analyse that although the financial market in Poland made an incredible progress, whether fund managers show better or worse performance than the market. Methodology/Methods: In order to evaluate fund manager performances, Jensen alpha (1968 is computed, which depicts selectivity skills of fund managers. For determining market timing ability of fund managers, Treynor & Mazuy (1966 regression analysis and Henriksson & Merton (1981 regression analysis are applied. Fund performances are evaluated using Warsaw Stock Exchange Index as the benchmark index. Scientific aim: In this study, we have tried to evaluate selectivity skills and market timing ability of Polish fund managers. A total of 14 equity fund managers’ performances are analysed. The study can be guiding especially for investors who are interested in Polish equity fund performances in a period where emerging stock markets outperformed with quantitative easing. Findings: Jensen (1968 alphas indicate that over this period fund managers did not have selective ability, as none of the 14 funds had statistically significant positive alphas. Furthermore, Treynor & Mazuy (1966 and Henriksson & Merton (1981 regression analysis indicate that over the same period fund managers did not also have market timing ability, as again none of the 14 funds had statistically significant positive coefficients. Conclusions: In this work, we can detect that in the era of quantitative easing, although the financial market in Poland made an incredible progress, the fund returns were

  19. Research in decommissioning techniques for nuclear fuel cycle facilities in JNC. 7. JWTF decommissioning techniques

    International Nuclear Information System (INIS)

    Ogawa, Ryuichiro; Ishijima, Noboru

    1999-02-01

    Decommissioning techniques such as radiation measuring and monitoring, decontamination, dismantling and remote handling in the world were surveyed to upgrading technical know-how database for decommissioning of Joyo Waste Treatment Facility (JWTF). As the result, five literatures for measuring and monitoring techniques, 14 for decontamination and 22 for dismantling feasible for JWTF decommissioning were obtained and were summarized in tables. On the basis of the research, practical applicability of those techniques to decommissioning of JWTF was evaluated. This report contains brief surveyed summaries related to JWTF decommissioning. (H. Itami)

  20. Inspector General, DOD, Oversight of the Audit of the Military Retirement Trust Fund Financial Statements for FY 1998

    Science.gov (United States)

    1999-03-05

    Our objective was to determine the accuracy and completeness of the Deloitte & Touche LLP audit of the Military Retirement Trust Fund Financial Statements for FY 1998 See Appendix A for a discussion of the audit process.

  1. UK contributions to the decommissioning of the BN-350 reactor in Kazakhstan: 2002 – 2011

    International Nuclear Information System (INIS)

    Wells, D.

    2011-01-01

    UK assistance with the decommissioning of BN-350 has cost ~£8.9 million over ten years, ~£4 million spent directly in Kazakhstan. The Programme has immobilised key wastes, contributed to irreversible shutdown of the reactor and addressed issues associated with sodium coolant processing. The Programme funded the operations to load spent fuel canisters into casks at BN-350, together with their despatch from site and receipt at the secure storage facility. The Programme also delivered technical and project management training, assisted in the production of the BN-350 Decommissioning Plan and contributed to the radiation survey effort in the STS

  2. New projects related to decommissioning

    International Nuclear Information System (INIS)

    Benbow, R.

    2008-01-01

    The PMU has been established in support of the KNPP Decommissioning Department. All of the Infrastructure Projects associated with Decommissioning have been identified and are being managed through the EBRD Procurement Process. The status of the following projects is presented: Evaluation of the Radiological Inventory for Units 1 to 4; Supply of Size Reduction and Decontamination Workshops; Dismantling Tools and Equipment; Heat Generation Plant; Environmental Assessment for Decommissioning; Decay Storage Site for Transitional RAW ; Information Centres for Decommissioning; Storage Site for Conventional Waste from Decommissioning; Inventory, Treatment an Conditioning of Contaminated Soil; Concrete Core Sampling Analysis; Asbestos Removal Equipment; Demolition Equipment

  3. Nuclear decommissioning

    International Nuclear Information System (INIS)

    Anon.

    1987-01-01

    The paper on nuclear decommissioning was presented by Dr H. Lawton to a meeting of the British Nuclear Energy Society and Institution of Nuclear Engineers, 1986. The decommissioning work currently being undertaken on the Windscale advanced gas cooled reactor (WAGR) is briefly described, along with projects in other countries, development work associated with the WAGR operation and costs. (U.K.)

  4. Decommissioning in western Europe

    International Nuclear Information System (INIS)

    Lundqvist, K.

    1999-12-01

    This report gives an overview of the situation in Western Europe. The original aim was to focus on organisational and human issues with regard to nuclear reactor decommissioning, but very few articles were found. This is in sharp contrast to the substantial literature on technical issues. While most of the reports on decommissioning have a technical focus, several provide information on regulatory issues, strategies and 'state of the art'. The importance of the human and organizational perspective is however discovered, when reading between the lines of the technical publications, and especially when project managers summarize lessons learned. The results are to a large extent based on studies of articles and reports, mainly collected from the INIS database. Decommissioning of nuclear facilities started already in the sixties, but then mainly research and experimental facilities were concerned. Until now about 70 reactors have been shutdown world-wide. Over the years there have been plenty of conferences for exchanging experiences mostly about technical matters. Waste Management is a big issue. In the 2000s there will be a wave of decommissioning when an increasing amount of reactors will reach the end of their calculated lifetime (40 years, a figure now being challenged by both life-extension and pre-shutdown projects). Several reactors have been shut-down for economical reasons. Shutdown and decommissioning is however not identical. A long period of time can sometimes pass before an owner decides to decommission and dismantle a facility. The conditions will also differ depending on the strategy, 'immediate dismantling' or 'safe enclosure'. If immediate dismantling is chosen the site can reach 'green-field status' in less than ten years. 'Safe enclosure', however, seems to be the most common strategy. There are several pathways, but in general a safe store is constructed, enabling the active parts to remain in safe and waterproof conditions for a longer period of

  5. Compilation of the FY 1997 Navy General Fund Financial Statements at the Defense Finance and Accounting Service Cleveland Center

    National Research Council Canada - National Science Library

    1998-01-01

    Audit Report on tile Compilation of the FY 1997 Navy General Fund Financial Statements at the Defense Finance and Accounting Service Cleveland Center Our objective was to determine whether the DFAS...

  6. Decommissioning of NPP A-1

    International Nuclear Information System (INIS)

    Anon

    2009-01-01

    In this presentation the Operation history of A1 NPP, Project 'Decommissioning of A1 NPP' - I stage, Project 'Decommissioning of A1 NPP ' - II stage and Next stages of Project 'Decommissioning of A1 NPP ' are discussed.

  7. Information management for decommissioning projects

    International Nuclear Information System (INIS)

    LeClair, A.N.; Lemire, D.S.

    2011-01-01

    This paper explores the importance of records and information management for decommissioning projects. Key decommissioning information and elements of a sound information management strategy are identified. Various knowledge management strategies and tools are discussed as opportunities for leveraging decommissioning information. The paper also examines the implementation of Atomic Energy of Canada Limited's (AECL) strategy for the long term preservation of decommissioning information, and its initiatives in leveraging of information with the application of several knowledge management strategies and tools. The implementation of AECL's strategy illustrates common as well as unique information and knowledge management challenges and opportunities for decommissioning projects. (author)

  8. Development of decommissioning system engineering technology

    International Nuclear Information System (INIS)

    Lee, K. W.; Kim, S. K.; Seo, B. K.

    2012-02-01

    In the decommissioning planning stage, it is important to select the optimized decommissioning process considering the cost and safety. Especially the selection of the optimized decommissioning process is necessary because it affects to improve worker's safety and decommissioning work efficiency. The decommissioning process evaluation technology can provide the optimized decommissioning process as constructing various decommissioning scenarios and it can help to prevent the potential accidents as delivering the exact work procedures to workers and to help workers to perform decommissioning work skillfully. It's necessary to measure the radioactive contamination in the highly contaminated facilities such as hot-cells or glove-boxes to be decommissioned for decommissioning planning. These facilities are very high radiation level, so it is difficult to approach. In this case the detector system is preferable to separate the sensor and electronics, which have to locate in the facility outside to avoid the electric noise and worker's radiation exposure. In this project, we developed the remote detection system for radiation measurement and signal transmission in the high radiation area. In order to minimize worker's exposure when decommissioning highly activated nuclear facilities, it is necessary to develop the remote handling tool to perform the dismantling work remotely. Especially, since cutting, measuring, and decontamination works should be performed remotely in the highly activated area, the remote handling tool for conducting these works should be developed. Therefore, the multi-purpose dismantling machine that can measuring dose, facility cutting, and remote handling for maintenance and decommissioning of highly activated facility should be needed

  9. Industrial safety in a nuclear decommissioning environment observations and lessons learned

    International Nuclear Information System (INIS)

    Brevig, D.

    2008-01-01

    Decommissioning activities present unusual and unexpected workplace safety challenges that go far beyond the traditional experience of nuclear power plant managers. A blend of state-of-the-art safety program management tools along with new and practical applications are required to ensure high industrial safety performance. The demanding and rigorously applied nuclear safety engineering standards that are accepted as normal and routine in the operation of a nuclear power facility, should transform as an industrial safety standard during the non-operating period of decommissioning. In addition, historical measures of non-nuclear industrial safety injury rates would or should not be acceptable safety behaviors during a nuclear decommissioning project. When complex projects, such as the decommissioning of a nuclear generating facility are undertaken, the workforce brings experience, qualifications, and assumptions to the project. The overall multi-year general schedule is developed, with more schedule details, for example, for the nearest rolling 12-18 months. Methods are established for the selection of contractors to assist in areas that are not normal tasks for the facility workforce, whose normal activity is managing and operating a nuclear generating station. However, it is critical to manage those contractors to the agreed work scope to ensure success is maintained by both parties, e.g. the job gets done, on schedule, on budget, all parties are financially whole when the work is complete, and safely. The purpose of this paper is to provide a perspective of nuclear plant personal safety in the ever changing industrial environment created by the demolition of robust and often radiologically contaminated structures in a nuclear facility decommissioning project. (author)

  10. Industrial safety in a nuclear decommissioning environment observations and lessons learned

    Energy Technology Data Exchange (ETDEWEB)

    Brevig, D. [Independent Consultant, San Clemente (United States)

    2008-07-01

    Decommissioning activities present unusual and unexpected workplace safety challenges that go far beyond the traditional experience of nuclear power plant managers. A blend of state-of-the-art safety program management tools along with new and practical applications are required to ensure high industrial safety performance. The demanding and rigorously applied nuclear safety engineering standards that are accepted as normal and routine in the operation of a nuclear power facility, should transform as an industrial safety standard during the non-operating period of decommissioning. In addition, historical measures of non-nuclear industrial safety injury rates would or should not be acceptable safety behaviors during a nuclear decommissioning project. When complex projects, such as the decommissioning of a nuclear generating facility are undertaken, the workforce brings experience, qualifications, and assumptions to the project. The overall multi-year general schedule is developed, with more schedule details, for example, for the nearest rolling 12-18 months. Methods are established for the selection of contractors to assist in areas that are not normal tasks for the facility workforce, whose normal activity is managing and operating a nuclear generating station. However, it is critical to manage those contractors to the agreed work scope to ensure success is maintained by both parties, e.g. the job gets done, on schedule, on budget, all parties are financially whole when the work is complete, and safely. The purpose of this paper is to provide a perspective of nuclear plant personal safety in the ever changing industrial environment created by the demolition of robust and often radiologically contaminated structures in a nuclear facility decommissioning project. (author)

  11. The financial crisis and global health: the International Monetary Fund's (IMF) policy response.

    Science.gov (United States)

    Ruckert, Arne; Labonté, Ronald

    2013-09-01

    In this article, we interrogate the policy response of the International Monetary Fund (IMF) to the global financial crisis, and discuss the likely global health implications, especially in low-income countries. In doing so, we ask if the IMF has meaningfully loosened its fiscal deficit targets in light of the economic challenges posed by the financial crisis and adjusted its macro-economic policy advice to this new reality; or has the rhetoric of counter-cyclical spending failed to translate into additional fiscal space for IMF loan-recipient countries, with negative health consequences? To answer these questions, we assess several post-crisis IMF lending agreements with countries requiring financial assistance, and draw upon recent academic studies and civil society reports examining policy conditionalities still being prescribed by the IMF. We also reference recent studies examining the health impacts of these conditionalities. We demonstrate that while the IMF has been somewhat more flexible in its crisis response than in previous episodes of financial upheaval, there has been no meaningful rethinking in the application of dominant neoliberal macro-economic policies. After showing some flexibility in the initial crisis response, the IMF is pushing for excessive contraction in most low and middle-income countries. We conclude that there remains a wide gap between the rhetoric and the reality of the IMF's policy and programming advice, with negative implications for global health.

  12. Financial Planning as a Tool for Efficient and Timely Decommissioning of Nuclear Research Facilities

    International Nuclear Information System (INIS)

    Cato, Anna; Lindskog, Staffan; Sjoeblom, Rolf

    2008-01-01

    from the use of these plants must pay a fee which is accumulated in a fund so that all future costs for decommissioning and waste management can be covered. Each year, estimates on all future costs are submitted to the SKI for review. The Government then decides on the size of the fee, based on the results of the review. In conclusion: it has been concluded in the SKI work - in spite of the difficulties pointed out above - that cost calculations with the precision needed for a system of finance can be achieved even at early stages provided that the various features of the task are adequately dealt with

  13. Progress of the decommissioning programme – completion of the construction of the Dry Spent Fuel Storage Facility and progress of the establishment of the decommissioning and waste management infrastructure at the Kozloduy site

    International Nuclear Information System (INIS)

    Ribarski, V.

    2011-01-01

    All of the Infrastructure Projects associated with Decommissioning have been identified. All the major projects are either in Contract or have the Tender Packages prepared and are being managed/implemented through the EBRD Procurement Process. We find that it is most important and strategically significant to maximally increase the active dismantling in: •Turbine hall of units 3 and 4 (dismantling of equipment and systems category) before the defueling of the reactors ponds and receiving a decommissioning license; •The reactor compartments of units 1-4 – since the beginning of 2014 after commissioning of the repository for contaminated equipment and materials (transitional RAW). We also take a significant challenge to reduce the deadlines for decommissioning of units 1-4 with five years and finalize the process in 2030 (instead of 2035). We rely on additional financial support which would contribute to creating the conditions that guarantee the success of our efforts

  14. Decommissioning strategy selection

    International Nuclear Information System (INIS)

    Warnecke, E.

    2005-01-01

    At the end of their useful life nuclear facilities have to be decommissioned. The strategy selection on how to decommission a facility is a highly important decision at the very beginning of decommissioning planning. Basically, a facility may be subject to (a) immediate dismantling; (b) deferred dismantling after a period of ''safe enclosure'' or (c) entombment where a facility is turned into a near surface disposal facility. The first two strategies are normally applied. The third one may be accepted in countries without significant nuclear activities and hence without disposal facilities for radioactive waste. A large number of factors has to be taken into account when a decision on the decommissioning strategy is being made. Many of the factors cannot be quantified. They may be qualitative or subject to public opinion which may change with time. At present, a trend can be observed towards immediate dismantling of nuclear facilities, mainly because it is associated with less uncertainty, less local impact, a better public acceptance, and the availability of operational expertise and know how. A detailed evaluation of the various factors relevant to strategy selection and a few examples showing the situation regarding decommissioning strategy in a number of selected countries are presented in the following article. (orig.)

  15. Decommissioning of nuclear facilities

    International Nuclear Information System (INIS)

    Schneider, K.J.

    1979-01-01

    The Symposium was jointly sponsored by OECD/NEA and IAEA and was attended by more than 225 participants from 26 countries. Forty one papers were presented in eight sessions which covered the following topics: national and international policies and planning; engineering considerations relevant to decommissioning; radiological release considerations and waste classifications; decommissioning experience; and decontamination and remote operations. In addition, a panel of decommissioning experts discussed questions from the participants

  16. Liabilities identification and long-term management decommissioning of nuclear installations in Slovak Republic

    International Nuclear Information System (INIS)

    Burclova, Jana; Konecny, Ladislav

    2003-01-01

    The decommissioning is defined as the safe removal of nuclear facilities from service and reduction of residual radioactivity and/or risk to a level enabling their use for the purpose of another nuclear facility or unrestricted use (site release) and termination of license. The Legal Basis for Decommissioning and Waste Management are described in 4 acts: - 1. Act 130/98 Coll. on peaceful use of nuclear energy (Atomic Act); - 2. The act No 127/1994 Coll. on environmental impact assessment (amended 2000); - 3. The act No 254/1994 Coll. on creation of state found for NPP decommissioning, spent fuel management and disposal investment (amended 2000, 2001); 4. The act No 272/1994 Coll. on protection of public health (amended 1996,2000). The licensing process for radioactive waste management installations as for all nuclear installations is running in following principal steps. The permits for siting, construction, operation including commissioning, individual steps of decommissioning and site release are issued by municipal environmental office on the basis of the Act No 50/1976 Coll. on territorial planning and construction rules and the decisions of the Nuclear regulatory Authority (UJD SR) based on the Atomic Act. The safety documentation shall be prepared by applicant and it is subject of the regulatory bodies approval, for nuclear safety is responsible UJD SR, for radiation protection Ministry of Health, for fire protection Ministry of Interior and for general safety Ministry of Labour, Social Policy and Family. UJD SR issues the permit for each decommissioning phase based on review and approval of safety documentation. Decommissioning Strategy of Slovak Republic was strongly influenced by the changes of Waste Management Strategy. During the last time UJD SR dedicated the great effort to principal improvement of legislation, to cooperation with Ministry of Economy with the aim to create rules for financial sources for decommissioning activities and to enforcement of

  17. Pension Funds and Financial Innovation

    OpenAIRE

    Zvi Bodie

    1989-01-01

    Pension funds have played a critical role in the evolution of the markets for debt and equity securities and their derivatives in the U.S. over the last 15 years. The new securities and markets can largely be explained as responses to the investment demands of pension funds in an environment of increased interest rate volatility and tighter regulation. Defined benefit pension plans offer annuities that have a guaranteed floor specified by the benefit formula. In order to minimize the cost to ...

  18. Evaluation of the Navy Implementation of DOD Financial Management Regulation, Volume 14, Administrative Control of Funds and Antideficiency Act Violations

    National Research Council Canada - National Science Library

    Lane, F

    1996-01-01

    On August 1, 1995, the Under Secretary of Defense (Comptroller) released for implementation Financial Management Regulation, volume 14, "Administrative Control of Funds and Antideficiency Act Violations," August 1, 1995...

  19. Strengthening financial management, providing financial safeguard mechanism

    International Nuclear Information System (INIS)

    Sun Wumei

    2010-01-01

    This article reviewed the history of Zhong He Shanxi Uranium Enrichment Company, summarizing an efficient and systematical financial management method during both construction period and operational period of the company. It related to fundamental financial management structure building, integrated budgeting, fund management, cost management, asset management, tax planning and HR management. of financial staffs. (author)

  20. International pooling of operators' funds: an option to increase the amount of financial security to cover nuclear liability?

    International Nuclear Information System (INIS)

    Pelzer, N.

    2007-01-01

    This paper aims at answering the question whether international pooling of operators funds could open a viable avenue to complement financial security provided by insurance and thus to either fill gaps in insurance coverage or increase amount of compensation for nuclear damage. (author)

  1. Decommissioning Facility Characterization DB System

    International Nuclear Information System (INIS)

    Park, S. K.; Ji, Y. H.; Park, J. H.; Chung, U. S.

    2010-01-01

    Basically, when a decommissioning is planed for a nuclear facility, an investigation into the characterization of the nuclear facility is first required. The results of such an investigation are used for calculating the quantities of dismantled waste and estimating the cost of the decommissioning project. In this paper, it is presented a computer system for the characterization of nuclear facilities, called DEFACS (DEcommissioning FAcility Characterization DB System). This system consists of four main parts: a management coding system for grouping items, a data input system, a data processing system and a data output system. All data is processed in a simplified and formatted manner in order to provide useful information to the decommissioning planner. For the hardware, PC grade computers running Oracle software on Microsoft Windows OS were selected. The characterization data results for the nuclear facility under decommissioning will be utilized for the work-unit productivity calculation system and decommissioning engineering system as basic sources of information

  2. Decommissioning Facility Characterization DB System

    Energy Technology Data Exchange (ETDEWEB)

    Park, S. K.; Ji, Y. H.; Park, J. H.; Chung, U. S. [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2010-10-15

    Basically, when a decommissioning is planed for a nuclear facility, an investigation into the characterization of the nuclear facility is first required. The results of such an investigation are used for calculating the quantities of dismantled waste and estimating the cost of the decommissioning project. In this paper, it is presented a computer system for the characterization of nuclear facilities, called DEFACS (DEcommissioning FAcility Characterization DB System). This system consists of four main parts: a management coding system for grouping items, a data input system, a data processing system and a data output system. All data is processed in a simplified and formatted manner in order to provide useful information to the decommissioning planner. For the hardware, PC grade computers running Oracle software on Microsoft Windows OS were selected. The characterization data results for the nuclear facility under decommissioning will be utilized for the work-unit productivity calculation system and decommissioning engineering system as basic sources of information

  3. Survey of decontamination and decommissioning techniques

    International Nuclear Information System (INIS)

    Kusler, L.E.

    1977-01-01

    Reports and articles on decommissioning have been reviewed to determine the current technology status and also attempt to identify potential decommissioning problem areas. It is concluded that technological road blocks, which limited decommissioning facilities in the past have been removed. In general, techniques developed by maintenance in maintaining the facility have been used to decommission facilities. Some of the more promising development underway which will further simplify decommissioning activities are: electrolytic decontamination which simplifies some decontaminating operations; arc saw and vacuum furnace which reduce the volume of metallic contaminated material by a factor of 10; remotely operated plasma torch which reduces personnel exposure; and shaped charges, water cannon and rock splitters which simplify concrete removal. Areas in which published data are limited are detailed costs identifying various components included in the total cost and also the quantity of waste generated during the decommissioning activities. With the increased awareness of decommissioning requirements as specified by licensing requirements, design criteria for new facilities are taking into consideration final decommissioning of buildings. Specific building design features will evolve as designs are evaluated and implemented

  4. Recordkeeping in the decommissioning process

    International Nuclear Information System (INIS)

    Boing, L. E.

    2000-01-01

    In the US, there are two sets of key decommissioning records clearly identified -- those that are essential for planning the D and D of a facility and then those that are the result of the decommissioning process itself. In some cases, the regulatory authorities require and in others advise the licensees of the records that may be useful or which are required to be kept from the decommissioning. In the remainder of the paper, the author attempts to highlight some important aspects of decommissioning recordkeeping

  5. Decommissioning project management unit started its activities

    International Nuclear Information System (INIS)

    Medeliene, D.

    2002-01-01

    The Decommissioning Project Management Unit team comprises western experts as well as experts from INPP Decommissioning Service who all work as a single team. The DPMU will develop the Final Decommissioning Plan and a more detailed Decommissioning Project, which will describe how the plant will be removed from service and safely decommissioned

  6. Planning and management for reactor decommissioning

    International Nuclear Information System (INIS)

    Miyasaka, Yasuhiko

    2001-01-01

    This report describes decommissioning strategy, planning process, regulation, management and organization, radiological characterization and safety. Planning is used to identify, define and organize the requirements for decommissioning including decommissioning options, items to be accomplished (objective, scope), to solve problems of how it is to be accomplished (methods, means and procedures), questions of who will execute it (resources, organization and responsibilities, interfacing), and time when it will be executed (schedule for meeting the objectives). A plan is highly dependent on the quality of the management team assembled to carry it out. Radiological characterization involves a survey of existing data, calculation, in situ measurements and/or sampling and analyses. Using this databases decommissioning planner may assess options, considering: decontamination processes, dismantling procedures, tools required, radiological protection of workers and public/environment, waste classification, and resulting costs. Comparison and optimization of these factors will lead to selection of a decommissioning strategy, i.e. typically, immediate or deferred dismantling. The planning and implementation of decommissioning for nuclear reactors should be referred both recent dismantling techniques and many decommissioning experiences. The technical lessons learned from many projects will help in the planning for future decommissioning projects. And systematic planning and management are essential to successful completion of a decommissioning project. (author)

  7. European Decommissioning Academy

    International Nuclear Information System (INIS)

    Slugen, V. S.; Hornacek, M.

    2016-01-01

    Full text: Experiences from the first run of the European Decommissioning Academy (EDA) are reported in details. EDA was created at the Slovak University of Technology in Bratislava Slovakia, based on discussion and expressed needs declared at many international meetings including ECED2013. The first run successfully passed 15 participants during 7–26 June 2015. Academy was focused on decommissioning issues via lessons, practical exercises in laboratories, on-site training prepared at NPP V-1 in Jaslovské Bohunice, Slovakia as well as four day technical tour to other European decommissioning facilities in Switzerland and Italy. Detailed information can be found at http://kome.snus.sk/inpe/. (author

  8. Internal Controls and Compliance With Laws and Regulations for the Defense Business Operations Fund Consolidated Financial Statements for FY 1995

    National Research Council Canada - National Science Library

    Lane, Frederick

    1996-01-01

    The objective of the audit was to determine whether the Consolidated Statement of Financial Position and selected accounts on the Statement of Operations of the Defense Business Operations Fund for FY...

  9. Inspector General, DOD, Oversight of the Naval Audit Service Audit of the Navy General Fund Financial Statements for FY 1998

    National Research Council Canada - National Science Library

    1999-01-01

    .... This report provides our endorsement of the Naval Audit Service disclaimer of opinion on the Navy General Fund Financial Statements for FY 1998, along with the Naval Audit Service report, "Department...

  10. Spring report of the Pension Fund

    CERN Multimedia

    2012-01-01

    In this column, the Chairman of the Pension Fund Governing Board (PFGB) will regularly present the latest main decisions, initiatives and accomplishments of the Governing Board to the members and beneficiaries of the Fund.   Since my last report in April, I am pleased to report the following progress.  On the recommendation of the Finance Committee, the CERN Council approved the updated Financial Regulations of the Fund at its June session, with immediate effect. The approval of the Financial Regulations completes a key part of the regulatory framework of the Fund’s operations. Also in June, the Council approved the Financial Statements of the CERN Pension Fund for 2011.  The Financial Statements had been certified by the Italian Court of Audit (CERN’s External Auditor), which gave its report to Council. 2011 was the first year during which the audit-related provisions of the updated Fund Rules were fully implemented. On the investments side, the F...

  11. Obligatory provisions for nuclear power plants

    International Nuclear Information System (INIS)

    Cloosters, W.

    2008-01-01

    To cover the expenses associated with decommissioning and disposal of their nuclear power plants, German nuclear power plant operators set aside a total of more than EUR 30 billion and entered the respective provisions into their balance sheets. One point of eminent importance in this regard is the question whether these provisions are adequate in amount and permitted under accounting and tax laws. The other point to be considered is whether the funds will be available reliably if and when needed. Against the backdrop of these issues, the practice and importance of making these provisions are described. This is followed by an outline of the basic accounting and taxation aspects. It is seen that obligations under public law can be the basis of financial provisions only if there is a obligation sufficiently concrete in terms of time and object. The following examination of applicable obligations under the Atomic Energy Act incumbent upon nuclear power plant operators with regard to decommissioning and disposal results in the finding that such obligations are only partly regulated in the Atomic Energy Act, and that specifications in terms of time and purpose are insufficient. If the national practice of making financial provisions is to be put on a reliable basis, it is recommended to express the law on decommissioning and its mode of financing in more concrete terms in the Atomic Energy Act. In addition to unequivocal decommissioning and disposal obligations, the Atomic Energy Act should also incorporate regulations about financial provisions for decomissioning which are in need of more precise language. The present practice of making provisions is characterized by the risk that the funds necessary for planned decommissioning and disposal may not be available when needed. It is against this background that possible solutions reducing that risk are discussed. A recommendation is expressed to establish a public fund for decommissioning and disposal to which the

  12. Investigations on the decommissioning of nuclear facilities

    International Nuclear Information System (INIS)

    Goertz, R.; Bastek, H.; Doerge, W.; Kruschel, K.P.

    1985-01-01

    The study discusses and evaluates safety and licensing related aspects associated with the decommissioning of nuclear power plants. Important decommissioning projects and experiences with relevance to decommissioning are analyzed. Recent developments in the field of decommissioning techniques with the potential of reducing the occupational dose to decommissioning workers are described and their range of application is discussed. The radiological consequences of the recycling of scrap metal arising during decommissioning are assessed. The results may be used to evaluate present licensing practices and may be useful for future licensing procedures. Finally the environmental impact of radionuclide release via air and water pathways associated with decommissioning activities is estimated. (orig.) [de

  13. Nuclear decommissioning

    Energy Technology Data Exchange (ETDEWEB)

    Lawton, H.

    1987-02-01

    Sufficient work has now been done, on a world-wide basis, to justify confidence that full decommissioning of nuclear installations, both plant and reactors, can be carried out safely and efficiently. Projects in several countries should confirm this in the next few years. In the UK, good progress has been made with the WAGR and supporting development work is finding solutions to resolve uncertainties. Estimates from several sources suggest that decommissioning costs can be kept to an acceptable level.

  14. A Comparative Perspective on Reactor Decommissioning

    International Nuclear Information System (INIS)

    Devgun, J.S.; Zelmer, R.

    2006-01-01

    A comparative perspective on decommissioning, based on facts and figures as well as the national policies, is useful in identifying mutually beneficial 'lessons learned' from various decommissioning programs. In this paper we provide such a perspective on the US and European approaches based on a review of the programmatic experience and the decommissioning projects. The European countries selected for comparison, UK, France, and Germany, have nuclear power programs comparable in size and vintage to the US program but have distinctly different policies at the federal level. The national decommissioning scene has a lot to do with how national nuclear energy policies are shaped. Substantial experience exists in all decommissioning programs and the technology is in a mature state. Substantial cost savings can result from sharing of decommissioning information, technologies and approaches among various programs. However, the Achilles' heel for the decommissioning industry remains the lack of appropriate disposal facilities for the nuclear wastes. (authors)

  15. The decommissioning information management system

    International Nuclear Information System (INIS)

    Park, Seung-Kook; Moon, Jei-Kwon

    2015-01-01

    At the Korea Atomic Energy Research Institute (KAERI), the Korea Research Reactor (KRR-2) and one uranium conversion plant (UCP) were decommissioned. A project was launched in 1997, for the decommissioning of KRR-2 reactor with the goal of completion by 2008. Another project for the decommissioning of the UCP was launched in 2001. The physical dismantling works were started in August 2003 and the entire project was completed by the end of 2010. KAERI has developed a computer information system, named DECOMMIS, for an information management with an increased effectiveness for decommissioning projects and for record keeping for the future decommissioning projects. This decommissioning information system consists of three sub-systems; code management system, data input system (DDIS) and data processing and output system (DDPS). Through the DDIS, the data can be directly inputted at sites to minimize the time gap between the dismantling activities and the evaluation of the data by the project staff. The DDPS provides useful information to the staff for more effective project management and this information includes several fields, such as project progress management, man power management, waste management, and radiation dose control of workers and so on. The DECOMMIS was applied to the decommissioning projects of the KRR-2 and the UCP, and was utilized to give information to the staff for making decisions regarding the progress of projects. It is also to prepare the reference data for the R and D program which is for the development of the decommissioning engineering system tools and to maintain the decommissioning data for the next projects. In this paper, the overall system will be explained and the several examples of its utilization, focused on waste management and manpower control, will be introduced. (author)

  16. Spanish regulatory experience in the decommissioning program of Vandellos 1 Nuclear Power Plant

    International Nuclear Information System (INIS)

    Revilla, J.L.

    2003-01-01

    Nuclear facilities are subject to a system of prior authorization by the competent authorities before they come into service and to subsequent regulation and control during their operating life. All the facilities that stop operating, for technical or financial reasons or because they are compelled to, remain subject to this regulatory control system as long as the competent authorities consider that their residual radioactivity represents a potential source of radiological hazard to the individuals affected or entails an unacceptable environmental risk. The decommissioning of nuclear facilities is the final stage of their life cycle. This stage is part of a general strategy of environmental restoration, which must necessarily be followed after the suspension of certain industrial activities that have to some extent affected the environment. In Spain the decommissioning of facilities is considered a further step or stage of their life cycle in which, in principle, the whole regulatory framework in force during the previous stages of their life - siting, construction, operation, etc. - remains applicable. The law setting up the Spanish Nuclear Safety Council (CSN) states that one of its functions is to issue reports to the Ministry of Economy in advance of the resolutions adopted by that Ministry on the granting of licences for the decommissioning of nuclear and radioactive facilities. However, the old regulations on nuclear and radioactive facilities, in force up to the end of 1999, included no specific references that might serve as a regulatory framework for licensing the decommissioning process of such facilities. All facility decommissioning projects initiated in Spain up to that date, including Vandellos 1 Nuclear Power Plant Decommissioning Plan, were licensed according to an approach worked out specifically for each one. (authors)

  17. Decommissioning challenges - an industrial reality

    International Nuclear Information System (INIS)

    Moore, H.; Mort, P.; Hutton, E.

    2008-01-01

    Sellafield Limited has undergone many transformations in previous years. The Nuclear Decommissioning Authority (NDA) has managed the site from April 2005, and a new Parent Body Organisation (PBO) is soon to be announced. In addition, it is an exciting time for the nuclear industry following the announcement of the UK government support new reactor builds. Should the site be selected for new build, the impact on Sellafield, its decommissioning program and economic impact on the local area can only be speculated at the current time. Every past, present and future decommissioning project at the Sellafield Limited site offers complex challenges, as each facility is unique. Specialist skills and experience must be engaged at pre-planned phases to result in a safe, efficient and successful decommissioning project. This paper provides an overview of a small selection of decommissioning projects, including examples of stakeholder engagement, plant and equipment dismantling using remote handling equipment and the application of innovative techniques and technologies. In addition, the final section provides a summary upon how future technologies required by the decommissioning projects are being assessed and developed. (authors)

  18. Internal Controls and Compliance with Laws and Regulations for the DOD Military Retirement Trust Fund Financial Statements for FY 1995

    National Research Council Canada - National Science Library

    1996-01-01

    The objective of the audit was to determine whether the DoD Military Retirement Trust Fund Financial Statements for FY 1995 were fairly presented in accordance with Office of Management and Budget Bulletin...

  19. Internal Controls and Compliance with Laws and Regulations for the DOD Military Retirement Trust Fund Financial Statements for FY 1996

    National Research Council Canada - National Science Library

    Lane, F

    1997-01-01

    The objective of the audit was to determine whether the DoD Military Retirement Trust Fund Financial Statements for FY 1996 were fairly presented in accordance with Office of Management and Budget Bulletin...

  20. Decommissioning of nuclear facilities

    International Nuclear Information System (INIS)

    1975-01-01

    Present concepts on stages of, designing for and costs of decommissioning, together with criteria for site release, are described. Recent operations and studies and assessments in progress are summarized. Wastes from decommissioning are characterized

  1. Estimating end of life liabilities for plant licensing and financial planning for similarly configured stations

    International Nuclear Information System (INIS)

    Griffiths, G.; Kennard, J.

    2008-01-01

    Ontario Power Generation (OPG) is required to update estimated waste management and decommissioning costs on a 5-year cycle within the Canadian Nuclear Safety Commission's (CNSC) regulatory framework and provide a decommissioning cost update and provisions funds status to the Province of Ontario on a similar five-year cycle under the terms of the Ontario Nuclear Funds Agreement (ONFA). The following is an overview of the important steps used to develop OPG's nuclear power station decommissioning cost estimates, including a discussion of the responsibilities of both the owner (OPG) and estimating services vendor (TLG Services). This presentation is related to decommissioning estimating for multi-unit stations; therefore the discussion will be focused on identifying those activities that may be particularly impacted by multi-unit configuration or multiple stations. It should be noted that simultaneously developing decommissioning estimates for multiple multi-unit stations creates the opportunity to achieve economies of scale to more efficiently produce the estimates, and enables the owner and vendor to compare results between stations to identify inconsistencies. However, without careful attention to detail at the planning and execution stage, it also creates the potential liability of backtracking and developing the estimate multiple times, should significant assumptions be revised in mid-project. (authors)

  2. Estimating end of life liabilities for plant licensing and financial planning for similarly configured stations

    Energy Technology Data Exchange (ETDEWEB)

    Griffiths, G. [TLG Services, Inc. an Entergy Nuclear Co. (United States); Kennard, J. [Ontario Power Generation Inc. (Canada)

    2008-07-01

    Ontario Power Generation (OPG) is required to update estimated waste management and decommissioning costs on a 5-year cycle within the Canadian Nuclear Safety Commission's (CNSC) regulatory framework and provide a decommissioning cost update and provisions funds status to the Province of Ontario on a similar five-year cycle under the terms of the Ontario Nuclear Funds Agreement (ONFA). The following is an overview of the important steps used to develop OPG's nuclear power station decommissioning cost estimates, including a discussion of the responsibilities of both the owner (OPG) and estimating services vendor (TLG Services). This presentation is related to decommissioning estimating for multi-unit stations; therefore the discussion will be focused on identifying those activities that may be particularly impacted by multi-unit configuration or multiple stations. It should be noted that simultaneously developing decommissioning estimates for multiple multi-unit stations creates the opportunity to achieve economies of scale to more efficiently produce the estimates, and enables the owner and vendor to compare results between stations to identify inconsistencies. However, without careful attention to detail at the planning and execution stage, it also creates the potential liability of backtracking and developing the estimate multiple times, should significant assumptions be revised in mid-project. (authors)

  3. Particle-accelerator decommissioning

    International Nuclear Information System (INIS)

    Opelka, J.H.; Mundis, R.L.; Marmer, G.J.; Peterson, J.M.; Siskind, B.; Kikta, M.J.

    1979-12-01

    Generic considerations involved in decommissioning particle accelerators are examined. There are presently several hundred accelerators operating in the United States that can produce material containing nonnegligible residual radioactivity. Residual radioactivity after final shutdown is generally short-lived induced activity and is localized in hot spots around the beam line. The decommissioning options addressed are mothballing, entombment, dismantlement with interim storage, and dismantlement with disposal. The recycle of components or entire accelerators following dismantlement is a definite possibility and has occurred in the past. Accelerator components can be recycled either immediately at accelerator shutdown or following a period of storage, depending on the nature of induced activation. Considerations of cost, radioactive waste, and radiological health are presented for four prototypic accelerators. Prototypes considered range from small accelerators having minimal amounts of radioactive mmaterial to a very large accelerator having massive components containing nonnegligible amounts of induced activation. Archival information on past decommissionings is presented, and recommendations concerning regulations and accelerator design that will aid in the decommissioning of an accelerator are given

  4. Constitutionally Mandated Funds for Financing Regional Development in Brazil: An Analysis of the Compensatory Mechanisms Used by Financial Institutions (1995-2013

    Directory of Open Access Journals (Sweden)

    Girley Vieira Damasceno

    2016-04-01

    Full Text Available This paper examines the relationship between constitutionally mandated funds for financing regional development in Brazil and the regional financial institutions that manage them. These constitutionally mandated funds apply a fraction of federal tax revenues in the productive sectors of the North, Northeast and Midwest regions of Brazil. We investigate the occurrence of soft budget constraint on these institutions, induced by compensatory mechanisms for management of the resources of these funds (administration fee and by the assumption of credit risk in lending (del credere. The concept of soft budget constraint, proposed by Hungarian economist Janos Kornai in the context of socialist economies, refers to the expectations for systematic bailout of economic organizations by governments or banks, usually associated with the paternalistic role of the state towards these organizations. Our analysis uses comparative graphics and spreadsheets. The results indicate more remuneration than administrative costs and credit risk assumed by financial institutions and confirm the hypothesis of legal parameters that induce soft budget constraint.

  5. Technology, safety and costs of decommissioning a reference pressurized water reactor power station: Technical support for decommissioning matters related to preparation of the final decommissioning rule

    International Nuclear Information System (INIS)

    Konzek, G.J.; Smith, R.I.

    1988-07-01

    Preparation of the final Decommissioning Rule by the Nuclear Regulatory Commission (NRC) staff has been assisted by Pacific Northwest Laboratory (PNL) staff familiar with decommissioning matters. These efforts have included updating previous cost estimates developed during the series of studies on conceptually decommissioning reference licensed nuclear facilities for inclusion in the Final Generic Environmental Impact Statement (FGEIS) on decommissioning; documenting the cost updates; evaluating the cost and dose impacts of post-TMI-2 backfits on decommissioning; developing a revised scaling formula for estimating decommissioning costs for reactor plants different in size from the reference pressurized water reactor (PWR) described in the earlier study; defining a formula for adjusting current cost estimates to reflect future escalation in labor, materials, and waste disposal costs; and completing a study of recent PWR steam generator replacements to determine realistic estimates for time, costs and doses associated with steam generator removal during decommissioning. This report presents the results of recent PNL studies to provide supporting information in four areas concerning decommissioning of the reference PWR: updating the previous cost estimates to January 1986 dollars; assessing the cost and dose impacts of post-TMI-2 backfits; assessing the cost and dose impacts of recent steam generator replacements; and developing a scaling formula for plants different in size than the reference plant and an escalation formula for adjusting current cost estimates for future escalation

  6. Report on waste burial charges: Escalation of decommissioning waste disposal costs at low-level waste burial facilities

    International Nuclear Information System (INIS)

    1988-07-01

    One of the requirements placed upon nuclear power reactor licensees by the US Nuclear Regulatory Commission (NRC) is for the licensees to periodically adjust the estimate of the cost of decommissioning their plant, in dollars of the current year, as part of the process to provide reasonable assurance that adequate funds for decommissioning will be available when needed. This report, which is scheduled to be revised annually, contains the development of a formula for escalating decommissioning cost estimates that is acceptable to the NRC, and contains values for the escalation of radioactive waste burial costs, by site and by year. The licensees may use the formula, the coefficients, and the burial escalation factors from this report in their escalation analysis, or may use an escalation rate at least equal to the escalation approach presented herein. 4 refs., 2 tabs

  7. Radiation dose optimization in the decommissioning plan for Loviisa NPP

    Energy Technology Data Exchange (ETDEWEB)

    Holmberg, R.; Eurajoki, T. [Nuclear Power Engineering (Finland)

    1995-03-01

    Finnish rules for nuclear power require a detailed decommissioning plan to be made and kept up to date already during plant operation. The main reasons for this {open_quotes}premature{close_quotes} plan, is, firstly, the need to demonstrate the feasibility of decommissioning, and, secondly, to make realistic cost estimates in order to fund money for this future operation. The decomissioning for Lovissa Nuclear Power Plant (NPP) (2{times}445 MW, PWR) was issued in 1987. It must be updated about every five years. One important aspect of the plant is an estimate of radiation doses to the decomissioning workers. The doses were recently re-estimated because of a need to decrease the total collective dose estimate in the original plan, 23 manSv. In the update, the dose was reduced by one-third. Part of the reduction was due to changes in the protection and procedures, in which ALARA considerations were taken into account, and partly because of re-estimation of the doses.

  8. Technology, safety and costs of decommissioning a refernce boiling water reactor power station: Technical support for decommissioning matters related to preparation of the final decommissioning rule

    International Nuclear Information System (INIS)

    Konzek, G.J.; Smith, R.I.

    1988-07-01

    Preparation of the final Decommissioning Rule by the Nuclear Regulatory Commission (NRC) staff has been assisted by Pacific Northwest Laboratory (PNL) staff familiar with decommissioning matters. These efforts have included updating previous cost estimates developed during the series of studies of conceptually decommissioning reference licensed nuclear facilities for inclusion in the Final Generic Environmental Impact Statement (FGEIS) on decommissioning; documenting the cost updates; evaluating the cost and dose impacts of post-TMI-2 backfits on decommissioning; developing a revised scaling formula for estimating decommissioning costs for reactor plants different in size from the reference boiling water reactor (BWR) described in the earlier study; and defining a formula for adjusting current cost estimates to reflect future escalation in labor, materials, and waste disposal costs. This report presents the results of recent PNL studies to provide supporting information in three areas concerning decommissioning of the reference BWR: updating the previous cost estimates to January 1986 dollars; assessing the cost and dose impacts of post-TMI-2 backfits; and developing a scaling formula for plants different in size than the reference plant and an escalation formula for adjusting current cost estimates for future escalation

  9. Souverinity Wealth Funds (Swfs): Kapitalisme Baru oleh Negara?

    OpenAIRE

    -, Ambarwati

    2011-01-01

    A sovereign wealth funds (SWFs) is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments. Its invest globally and have been around for decades but since 2000, the number of sovereign wealth funds has increased dramatically. This article try to understand what is SWFs, Why does a nation need SWFs, and try to understand the position of SWFs in the global financial market. Key words: sovereign wealth funds a...

  10. Nuclear decommissioning

    International Nuclear Information System (INIS)

    Lawton, H.

    1987-01-01

    Sufficient work has now been done, on a world-wide basis, to justify confidence that full decommissioning of nuclear installations, both plant and reactors, can be carried out safely and efficiently. Projects in several countries should confirm this in the next few years. In the UK, good progress has been made with the WAGR and supporting development work is finding solutions to resolve uncertainties. Estimates from several sources suggest that decommissioning costs can be kept to an acceptable level. (author)

  11. Quality assurance as a management tool in decommissioning activities

    International Nuclear Information System (INIS)

    Arter, D.R.

    1982-01-01

    Quality assurance practices have been applied to the peaceful use of nuclear energy for many years. These practices are just as useful to the back end of the nuclear energy cycle as they are to the front end. The Department of Energy requires the application of quality assurance to all of its projects and programs. Quality assurance as a management tool consists of three fundamental elements: planning, execution and control. These elements should be applied to decommissioning activities by all parties, such that limited funds are wisely spent and the public is adequately protected

  12. Research reactor decommissioning planning - It is never too early to start

    International Nuclear Information System (INIS)

    Eby, R.S.; Buttram, C.; Ervin, P.; Lundberg, L.; Hertel, N.; Marske, S.G.

    2003-01-01

    Whether an organization is in the process of designing, constructing or operating nuclear research reactors, past experiences prove it is never too early to start planning for the eventual decontamination, dismantlement and decommissioning (DD and D) of the reactor. If one waits until writing the Decommissioning Plan to seriously think about the DD and D activities, they have lost a key opportunity to be able to efficiently and effectively carry out the DD and D activities and will end up spending large sums of unnecessary funds during the DD and D. This paper will review all phases of research reactor decommissioning from characterization through planning, to eventual DD and D and license termination and highlight areas where early planning can significantly reduce the financial, safety and schedule risks associated with the DD and D activities. CH2M HILL served as the Executive Engineer for the Georgia Institute of Technology and the State of Georgia to oversee the successful DD and D of their tank type research reactor. CH2M HILL is currently serving as the DD and D contractor for the University of Virginia pool type UVAR and the low power CAVALIER research reactors and as the characterization and Decommissioning Planning contractor for the University of Michigan Ford Nuclear Reactor. Through these activities, an array of lessons learned have been compiled that will prove invaluable to the research reactor owner when they eventually face the DD and D challenge. As an example, in almost every case CH2M HILL has been involved in reactor DD and D, less than adequate up-front characterization has significantly impacted the ultimate DD and D process cost and schedule. Due to regulatory reasons, intrusive characterization may not always be possible prior to DD and D. However, a thorough understanding of the materials of construction and the quantities of additives or impurities present in those materials; e.g., cobalt in stainless steel, rare earth elements or

  13. Sovereign Wealth Funds: Issue of transparency

    Directory of Open Access Journals (Sweden)

    Petrović Daliborka

    2015-01-01

    Full Text Available Subject of the paper includes Sovereign Wealth Funds and the formation of the first regulatory framework for their investment activities. Sovereign Wealth Funds invested a significant amount of money in Western financial institutions during the global financial crisis and thus played a crucial role in the preservation and stabilization of the global financial system. However, at the same time, a large gap between the financial power of Sovereign Wealth Funds and the level of their transparency was noted. The need to improve the transparency of Sovereign Wealth Funds has been recognized by international institutions, the OECD and the IMF, which initiated the formulation of the first international regulatory framework regarding the operations of these types of funds. The current international regulatory framework represents a sufficient basis for the gradual improvement of transparency, but because of its non-binding and voluntary nature, certain issues such as the protection of national security interests remain open. Therefore, the solutions can be sought through a process of continuous improvement of international regulation as well as strengthening cooperation between Sovereign Wealth Funds and governments of countries in which they invest.

  14. Decommissioning in British Nuclear Fuels plc

    International Nuclear Information System (INIS)

    Colquhoun, A.

    1988-01-01

    Decommissioning projects at the BNFL Sellafield site have been selected taking the following into account; the need to gain experience in preparation for the decommissioning of the Magnox reactors and for the post Magnox stage; the need to develop larger scale projects; the need to be cost effective and to foster long term safety. The balance between prompt or delayed decommissioning has to consider operator dose uptake and radioactive waste management. The ten year plan for decommissioning at Sellafield is described briefly. Currently decommissioning is of the fuel pond and decanning plant, the Windscale Pile Chimneys, the coprecipitation plant and the uranium recovery plant. (author)

  15. Transfer of financial obligations for the disposal of nuclear waste and decommissioning of German NPP's. Legal aspects of a trust model

    International Nuclear Information System (INIS)

    Schewe, Markus; Wiesendahl, Stefan

    2015-01-01

    The nuclear power plant operators have to bear the costs associated with the closure and the decommissioning of the German nuclear power plants as well as the costs for the disposal of nuclear waste. For that purpose, the operators have to build up sufficient reserves for the decommissioning phase. These reserves at the end of 2013 amounted to approximately 36 billion Euro. Changing this system is discussed very so often. Last in May 2014, a public debate started dealing with the so called trust model (''Stiftungsmodell''). The press published deliberations of several operators to transfer their entire nuclear business to the Federal Republic of Germany. Under this deliberation the current nuclear power plant operations, as well as closure obligations would be contributed to trust. Further, also the reserves should be ''transferred'' to the trust. RAG-Foundation (RAG-Stiftung) - which will assume the financial obligations in connection with Germany's closure of underground coal mining activities - sometimes is cited as a role model. The article covers elements of German trust law and atomic energy law regarding such deliberations. In trust law e.g. it can be debated whether the trust should be established under public or - as in the case of RAG-Foundation - under private law. In this context we will set out the major differences between those two options. In the public law part we will notably address issues arising from individual licensing requirements for nuclear power plants and focus on questions concerning reliability, requisite qualification and organizational structures.

  16. Nuclear decommissioning

    International Nuclear Information System (INIS)

    Lawton, H.

    1987-01-01

    Sufficient work has now been done, on a world-wide basis, to justify confidence that full decommissioning of nuclear installations, both plant and reactors, can be carried out safely and efficiently. Projects in several countries should confirm this in the next few years. In the United Kingdom, good progress has been made with the Windscale Advanced Gas-cooled Reactor and supporting development work is finding solutions to resolve uncertainties. Estimates from several sources suggest that decommissioning costs can be kept to an acceptable level. (author)

  17. Remote Decommissioning Experiences at Sellafield

    International Nuclear Information System (INIS)

    Brownridge, M.

    2006-01-01

    British Nuclear Group has demonstrated through delivery of significant decommissioning projects the ability to effectively deploy innovative remote decommissioning technologies and deliver cost effective solutions. This has been achieved through deployment and development of off-the-shelf technologies and design of bespoke equipment. For example, the worlds first fully remotely operated Brokk was successfully deployed to enable fully remote dismantling, packaging and export of waste during the decommissioning of a pilot reprocessing facility. British Nuclear Group has also successfully implemented remote decommissioning systems to enable the decommissioning of significant challenges, including dismantling of a Caesium Extraction Facility, Windscale Pile Chimney and retrieval of Plutonium Contaminated Material (PCM) from storage cells. The challenge for the future is to continue to innovate through utilization of the supply chain and deploy off-the-shelf technologies which have been demonstrated in other industry sectors, thus reducing implementation schedules, cost and maintenance. (authors)

  18. Decommissioning licensing procedure

    International Nuclear Information System (INIS)

    Perello, M.

    1979-01-01

    Decommissioning or closure of a nuclear power plant, defined as the fact that takes place from the moment that the plant stops producing for the purpose it was built, is causing preocupation. So this specialist meeting on Regulatory Review seems to be the right place for presenting and discusing the need of considering the decommissioning in the safety analysis report. The main goal of this paper related to the licensing procedure is to suggest the need of a new chapter in the Preliminary Safety Analysis Report (P.S.A.R.) dealing with the decommissioning of the nuclear power plant. Therefore, after a brief introduction the problem is exposed from the point of view of nuclear safety and finally a format of the new chapter is proposed. (author)

  19. Decommissioning Technology Development for Nuclear Research Facilities

    International Nuclear Information System (INIS)

    Lee, K. W.; Kang, Y. A.; Kim, G. H.

    2007-06-01

    It is predicted that the decommissioning of a nuclear power plant would happen in Korea since 2020 but the need of partial decommissioning and decontamination for periodic inspection and life extension still has been on an increasing trend and its domestic market has gradually been extended. Therefore, in this project we developed following several essential technologies as a decommissioning R and D. The measurement technology for in-pipe radioactive contamination was developed for measuring alpha/beta/gamma emitting nuclides simultaneously inside a in-pipe and it was tested into the liquid waste transfer pipe in KRR-2. And the digital mock-up system for KRR-1 and 2 was developed for choosing the best scenarios among several scenarios on the basis of various decommissioning information(schedule, waste volume, cost, etc.) that are from the DMU and the methodology of decommissioning cost estimation was also developed for estimating a research reactor's decommissioning cost and the DMU and the decommissioning cost estimation system were incorporated into the decommissioning information integrated management system. Finally the treatment and management technology of the irradiated graphites that happened after decommissioning KRR-2 was developed in order to treat and manage the irradiated graphites safely

  20. European Decommissioning Academy (EDA). Ready to start

    International Nuclear Information System (INIS)

    Slugen, Vladimir

    2015-01-01

    According to analyses presented at EC meeting focused on decommissioning organized at 11 September 2012 in Brussels, it was stated that at least 2,000 new international experts for decommissioning will be needed in Europe up to 2025, which means about 150 each year. The article describes the European Decommissioning Academy (EDA) which is prepared for the first term in June 2015 in Slovakia. The main goal is a creation of new nuclear experts generation for decommissioning via the Academy, which will include lessons, practical exercises in laboratories as well as 2 days on-site training at NPP V-1 in Jaslovske Bohunice (Slovakia). Four days technical tour via most interesting European decommissioning facilities in Switzerland and Italy are planned as well. After the final exam, there is the option to continue in knowledge collection via participation at the 2nd Eastern and Central European Decommissioning (ECED) conference in Trnava (Slovakia). We would like to focus on VVER decommissioning issues because this reactor type is the most distributed design in the world and many of these units are actually in decommissioning process or will be decommissioned in the near future.

  1. Inspector General, DOD, Oversight of the Naval Audit Service Audit of the Navy General Fund Financial Statements for FY 1998

    National Research Council Canada - National Science Library

    1999-01-01

    .... The audit objective was to determine the accuracy and completeness of the Naval Audit Service audit of the Navy General Fund Financial Statements for Fiscal Year 1998. See Appendix A for a discussion of the audit Process.

  2. Measuring and reporting on decommissioning progress

    International Nuclear Information System (INIS)

    Lange, B.A.

    2006-01-01

    One of the challenges facing AECL, as well as other organizations charged with the responsibility of decommissioning nuclear facilities, is the means by which to measure and report on decommissioning progress to various audiences which, in some cases, may only have a peripheral knowledge or understanding of the complexities associated with the decommissioning process. The reporting and measurement of decommissioning progress is important for a number of reasons, i.e., It provides a vehicle by which to effectively communicate the nature of the decommissioning process; It ensures that stakeholders and shareholders are provided with a transparent and understandable means for assessing value for money; It provides a means by which to integrate the planning, measurement, and operational aspects of decommissioning One underlying reason behind the challenge of reporting decommissioning progress lies in the fact that decommissioning programs are generally executed over periods of time that far exceed those generally associated with typical design and build projects. For example, a decommissioning program could take decades to complete in which case progress on the order of a few percent in any one year might be typical. However, such progress may appear low compared to that seen with more typical projects that can be completed in a matter of years. As a consequence, AECL undertook to develop a system by which to measure decommissioning progress in a straightforward, meaningful, and understandable fashion. The system is not rigorously objective, and there are subjective aspects that are necessitated by the need to keep the system readily understandable. It is also important to note that while the system is simple in concept, there is, nonetheless, significant effort involved in generating and updating the parameters used as input, and in the actual calculations. (author)

  3. Study on decommissioning

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-08-15

    This study examines the status of maintenance of the decommissioning-related regulations to which the maintenance is still insufficient. The contents in 2012 are as follows. First, we examined site release criteria through reports by international organizations, by overseas countries where nuclear sites have been released, and the environment standards in Japan. Then we also examined the standards of decommissioning completion confirmation (in other words, site release criteria). The study results will be utilized to document standards. Second, we assessed the present Japanese decommissioning regulatory system based on safety requirements of IAEA, and identified improvements. Then we prepared an improvement plan benefiting from the regulatory experiences in foreign countries. The study results will be utilized to document standards. Third, the Fukushima Daiichi NPS, which experienced serious core accident in March, 2011, has become a Specified Nuclear Facilities according to the new nuclear regulation, and the examination of the implementation plan is performed of the Nuclear Regulation Authority. As Units 1 to 4 at the Fukushima Daiichi NPS are planned to be decommissioned, we investigated regulatory requirements in foreign countries which experienced severe accidents. (author)

  4. Hedge Funds As a Alternative Investment Opportunities

    Directory of Open Access Journals (Sweden)

    Michał Falkowski

    2009-09-01

    Full Text Available Hedge fund which became a popular alternative investment is a collective term for different types of investment fund. A common feature of these funds is that they have absolute earnings targets, that is they set targets for earnings irrespective of developments on, for example, the stock exchange. The paper deals with the current problem of the financial crisis and the effect it made worldwide for many institutional and private investors. It discusses the role played by hedge funds in developments on the financial markets, and to what extent they are affected by the effects of the crisis, as a recurring feature of every financial crisis. It also shows a wind range of strategies used by hedge funds to achieve their goal.

  5. Considerations about the European Decommissioning Academy (EDA)

    International Nuclear Information System (INIS)

    Slugen, V.; Hinca, R.

    2014-01-01

    According to analyses presented at EC meeting focused on decommissioning organized at 11.9.2012 in Brussels, it was stated that at least 500 new international experts for decommissioning will be needed in Europe up to 2025, which means about 35 per year.Having in mind the actual EHRO-N report from 2013 focused on operation of nuclear facilities and an assumption that the ratio between nuclear experts, nuclearized and nuclear aware people is comparable also for decommissioning (16:74:10), as well as the fact that the special study branch for decommissioning in the European countries almost does not exist, this European Decommissioning Academy (EDA) could be helpful in the overbridging this gap.For the first run of the EDA scheduled on 2014 we would like to focus on VVER decommissioning issues because this reactor type is the most distributed design in the world and many of these units are actually in decommissioning process or will be decommissioned in the near future in Europe.A graduate of the European Decommissioning Academy (EDA) should have at least bachelor level from technical or natural science Universities or Colleges and at least one year working experiences in the area of NPP decommissioning or nuclear power engineering. This study creates prerequisites for acquiring and completion of professional and specialized knowledge in the subjects which are described. (authors)

  6. Liabilities for the decommissioning and disposal in the nuclear area. Analysis and concept of reformation

    International Nuclear Information System (INIS)

    Meyer, Bettina

    2012-01-01

    The contribution under consideration examines the adequacy of the reserves for decommissioning / dismantling and disposal in order to finance long-term tasks. A reform concept is presented. The two key components of the reformation are the establishment of a public fund for the long-term obligations and a stronger insolvency protection of medium-term nuclear liabilities.

  7. Experiences of development of IT support systems for decommissioning of Fugen NPS

    International Nuclear Information System (INIS)

    Iguchi, Y.; Kato, Y.; Yanagihara, I.S.; Tezuka, M.; Koda, Y.

    2017-01-01

    Fugen (ATR: Advanced Thermal Reactor) is a 165 MWe, heavy water moderated, light water cooled, pressure-tube type reactor. After ca. 25 year operation, Fugen started decommissioning activities after the final shutdown in 2003 and the decommissioning project will lasts at least until 2034. It is important to execute the decommissioning economically and rationally. Therefore, a systems engineering approach is necessary in order to optimize the workload, exposure dose, waste mass and cost by selecting appropriate dismantling plan at the planning stage of the decommissioning. Because the nuclear facilities have a large number of components and structures, it is necessary to evaluate the process effectively. For this reason, in order to make an efficient decommissioning plan, we have developed an IT support system for decommissioning by adopting new technologies such as 3-dimensional computer aided design (3D-CAD) and virtual reality (VR) named DEXUS. After the approval of the decommissioning plan by the regulatory authority, we have started the decommissioning activities from dismantlement of turbine systems (which is slightly contaminated with radioactive material), designing remote-control systems of reactor removal by laser cutting, development of radioactive waste control system and application including the clearance method, etc. By using IT support systems for these activities more than 10 years, we have been accumulating useful experiences and lessons-learned. The most important thing is the financial optimization. The decommissioning of a plant is non-profit and one-time-only activities, then the plan should be rationalized and the budget should be minimized as much as possible. In other words, we should consider cost-benefit for the computer systems development and implementation. A graded approach should be introduced in this point of view. For example, 3D-CAD data is very useful for the planning of dismantling of highly radioactive materials such as reactor

  8. New nuclear legislation proposals from the European Commission funds to cover nuclear liabilities

    International Nuclear Information System (INIS)

    Taylor, Derek M.

    2003-01-01

    On 30 January 2003, the European Commission adopted two proposals for new Directives in the area of nuclear safety: - a proposal for a Council Directive defining the basic obligations and the general principles on the safety of nuclear installations; - a proposal for a Council Directive on the management of spent nuclear fuel and radioactive waste. The first of these includes a requirement for the setting up of 'decommissioning funds'. However, this is a 'short-hand' title as the funds must cover all nuclear liabilities that remain after the end of operation of a nuclear installation, not just its closure and dismantling. The liabilities that remain following the closure of a nuclear installation need to be managed safely. They also need to be managed over a period that ranges from decades to centuries. It is vitally important that the financial resources for the safe management of these liabilities can be guaranteed over the full period. In the Commission's view, this can be best achieved by establishing a segregated fund that is built up over the operating life of the facility and by placing clear limitations on how the fund may be used. Ideally the segregated fund should be 'external' to the company and managed in such a way to ensure that it retains its value. The funds should not be spent on anything other than their identified purpose. The fund should be sufficient to cover all liabilities that remain once a facility stops generating revenue. These liabilities would include long-term management of spent nuclear fuel and all radioactive waste (including its disposal), not already paid for during operation, and the full dismantling of the facility. The Directive should cover all nuclear installations, not just nuclear power plants. It would not be logical to require a fund to cover reactor decommissioning, but not for a reprocessing plant. Special provisions will have to be made for those installations, such as some research reactors, that do not generate

  9. Decommissioning Plan for European Spallation Source

    Directory of Open Access Journals (Sweden)

    Ene Daniela

    2017-01-01

    Full Text Available This paper is a survey of the European Spallation Source initial decommissioning plan developed in compliance with Swedish Regulatory Authority requirements. The report outlines the decommissioning strategy selected and the baseline plan for decommissioning. Types and quantities of radioactive waste estimated to be generated at the final shut-down of the facility are further provided. The paper ends up with the analysis of the key elements of the decommissioning plan and the recommendations to the ESS management team..

  10. Financial Management: DOD Needs to Clarify Its General Gift Fund Policies to Provide for Effective Oversight

    Science.gov (United States)

    2009-05-27

    Representatives Subject: Financial Management: DOD Needs to Clarify Its General Gift Fund Policies to Provide for Effective Oversight From fiscal...year 2005 through fiscal year 2008, the military services received about $295 million in monetary and nonmonetary gifts from individuals and...organizations wishing to donate gifts to the Department of Defense (DOD).1 Section 2601(a) of Title 10, U.S. Code is a long-standing authority under which

  11. Financial Analyst II - External Funds Management | IDRC ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    The Financial Analyst position is essential for the administration and smooth ... Prepare monthly journal voucher to record the donor partnership revenue in ... of the business requirements for the development and enhancement of financial ...

  12. Review of Impact Factors on Decommissioning Strategies

    Energy Technology Data Exchange (ETDEWEB)

    Yun, Taesik; Jung, Hyejin; Kim, Younggook [KHNP CRI, Daejeon (Korea, Republic of)

    2016-10-15

    This article is prepared to factor out decommissioning strategies mostly appropriate to the decommissioning Kori-1 nuclear power plant. Terms used to delineate the lifetime of an authorized facility and of the associated licensing process consists of six core stages such as siting, design, construction, commissioning, operation and decommissioning. The term decommissioning implies the administrative and technical actions taken to allow the removal of some or all of the regulatory controls from a facility except for the part of a disposal facility in which the radioactive waste is emplaced. Whole range of each process of decommissioning should be considered throughout the other five stages. The decommissioning process is typically composed of its planning, conducting actions and terminating the authorization. In order to achieve the successful decommissioning, the impact factor on the strategy should be analyzed and evaluated to optimally apply to Kori-1 project. From my perspective, among eight factor, stakeholder’s consideration and spent fuel management are considered the key elements we have to concentrate on to smoothly go ahead for successful decommissioning of Kori-1.

  13. Nuclear decommissioning and society

    International Nuclear Information System (INIS)

    Pasqualetti, M.J.

    1990-01-01

    Links between decommissioning in general, reactor decommissioning in particular, and the public are indexed. The established links are recognised and others, such as jobs, are discussed. Finally the links with policy, such as political geography, and wider issues of the environment and public concern over waste disposal are considered. Decommissioning is a relatively new field where public opinion must now be considered but it has implications both for existing nuclear power plants and those planned for the future, especially in their siting. This book looks especially at the situation in the United Kingdom. There are twelve papers, all indexed separately. (UK)

  14. Decommissioning situation and research and development for the decommissioning of the commercial nuclear power station in Japan

    International Nuclear Information System (INIS)

    Yamamoto, Tatsumi.

    1996-01-01

    There are 48 commercial nuclear power stations in operation in Japan as of January 1, 1995, which supplies about 28% (2.2 x 10 8 MWh) of total annual electricity generation in FY 1992. Accordingly, as the nuclear power contributes so much in electricity generation, there is a growing concern in the public toward the safety on decommissioning nuclear power station. It is gravely important to secure the safety throughout the decommissioning. This paper discusses: the decommissioning situation in Japan; the Japanese national policy for decommissioning of commercial nuclear power stations; R and D for decommissioning of commercial nuclear power stations in Japan; and the present conditions of low-level radioactive wastes disposal in Japan

  15. Decommissioning Licensing Process of Nuclear Installations in Spain

    International Nuclear Information System (INIS)

    Correa Sainz, Cristina

    2016-01-01

    The Enresa experience related to the decommissioning of nuclear facilities includes the decommissioning of the Vandellos I and Jose Cabrera NPPs. The Vandellos I gas-graphite reactor was decommissioned in about five years (from 1998 to 2003) to what is known as level 2. In February 2010, the decommissioning of Jose Cabrera power plant has been initiated and it is scheduled to be finished by 2018. The decommissioning of a nuclear power plant is a complex administrative process, the procedure for changing from operation to decommissioning is established in the Spanish law. This paper summarizes the legal framework defining the strategies, the main activities and the basic roles of the various agents involved in the decommissioning of nuclear facilities in Spain. It also describes briefly the Licensing documents required to obtain the decommissioning authorization and the Enresa point of view, as licensee, on the licensing decommissioning process. (author)

  16. Financial equilibrium with career concerns

    Directory of Open Access Journals (Sweden)

    Amil Dasgupta

    2006-03-01

    Full Text Available What are the equilibrium features of a financial market where a sizeable proportion of traders face reputational concerns? This question is central to our understanding of financial markets, which are increasingly dominated by institutional investors. We construct a model of delegated portfolio management that captures key features of the US mutual fund industry and embed it in an asset pricing framework. We thus provide a formal model of financial equilibrium with career concerned agents. Fund managers differ in their ability to understand market fundamentals, and in every period investors choose a fund. In equilibrium, the presence of career concerns induces uninformed fund managers to churn, i.e., to engage in trading even when they face a negative expected return. Churners act as noise traders and enhance the level of trading volume. The equilibrium relationship between fund return and net fund flows displays a skewed shape that is consistent with stylized facts. The robustness of our core results is probed from several angles.

  17. Shippingport station decommissioning project technology transfer program

    International Nuclear Information System (INIS)

    Pasquini, L.A.

    1986-01-01

    The purpose of the Shippingport Station Decommissioning Project (SSDP) is to place the Shippingport Atomic Power Station in a long-term radiologically safe condition following defueling of the reactor, to perform decommissioning in such a manner as to demonstrate to the nuclear industry the application of decommissioning procedures to a large scale nuclear power plant, and to provide useful planning data for future decommissioning projects. This paper describes the Technology Transfer Program for collecting and archiving the decommissioning data base and its availability to the nuclear industry

  18. Human resource development for management of decommissioning

    International Nuclear Information System (INIS)

    Tanaka, Kenichi

    2017-01-01

    This paper described the contents of 'Human resource development for the planning and implementation of safe and reasonable nuclear power plant decommissioning' as the nuclear human resource development project by the Ministry of Education, Culture, Sports, Science and Technology. The decommissioning of a nuclear power plant takes 30 to 40 years for its implementation, costing tens of billions of yen. As the period of decommissioning is almost the same as the operation period, it is necessary to provide a systematic and continuous supply of engineers who understand the essence of the decommissioning project. The engineers required here should have project management ability to take charge of preparation, implementation, and termination of decommissioning, and have the ability to perform not only technology, but also factor management, cost management, and the like. As the preconditions of these abilities, it is important to develop human resources who possess qualities that can oversee decommissioning in the future. The contents of human resource education are as follows; (1) desk training (teaching materials: facilities of nuclear power plants, management of nuclear fuels, related laws, decommissioning work, decontamination, dismantling, disposal of waste, etc.), (2) field training (simulators, inspection of power station under decommissioning, etc.), (3) practical training (radiation inventory evaluation, and safety assessment), and (4) inspection of overseas decommissioning, etc. (A.O.)

  19. Decommissioning Technology Development for Nuclear Research Facilities

    Energy Technology Data Exchange (ETDEWEB)

    Lee, K. W.; Kang, Y. A.; Kim, G. H. (and others)

    2007-06-15

    It is predicted that the decommissioning of a nuclear power plant would happen in Korea since 2020 but the need of partial decommissioning and decontamination for periodic inspection and life extension still has been on an increasing trend and its domestic market has gradually been extended. Therefore, in this project we developed following several essential technologies as a decommissioning R and D. The measurement technology for in-pipe radioactive contamination was developed for measuring alpha/beta/gamma emitting nuclides simultaneously inside a in-pipe and it was tested into the liquid waste transfer pipe in KRR-2. And the digital mock-up system for KRR-1 and 2 was developed for choosing the best scenarios among several scenarios on the basis of various decommissioning information(schedule, waste volume, cost, etc.) that are from the DMU and the methodology of decommissioning cost estimation was also developed for estimating a research reactor's decommissioning cost and the DMU and the decommissioning cost estimation system were incorporated into the decommissioning information integrated management system. Finally the treatment and management technology of the irradiated graphites that happened after decommissioning KRR-2 was developed in order to treat and manage the irradiated graphites safely.

  20. The International Monetary Fund's effects on global health: before and after the 2008 financial crisis.

    Science.gov (United States)

    Stuckler, David; Basu, Sanjay

    2009-01-01

    In April 2009, the G20 countries committed US $750 billion to the International Monetary Fund (IMF), which has assumed a central role in global economic management. The IMF provides loans to financially ailing countries, but with strict conditions, typically involving a mix of privatization, liberalization, and fiscal austerity programs. These loan conditions have been extremely controversial. In principle, they are designed to help countries balance their books. In practice, they often translate into reductions in social spending, including spending on public health and health care delivery. As more countries are being exposed to IMF policies, there is a need to establish what we know and do not know about the IMF's effects on global health. This article introduces a series in which contributors review the evidence on the relationship between the IMF and public health and discuss potential ways to improve the Fund's effects on health. While more evidence is needed for some regions, there is sufficient evidence to indicate that IMF programs have been significantly associated with weakened health care systems, reduced effectiveness of health-focused development aid, and impeded efforts to control tobacco, infectious diseases, and child and maternal mortality. Reforms are urgently needed to prevent the current wave of IMF programs from further undermining public health in financially ailing countries and limiting progress toward the health Millennium Development Goals.

  1. Management of Decommissioning on a Multi-Facility Site

    International Nuclear Information System (INIS)

    Laraia, Michele; McIntyre, Peter; Visagie, Abrie

    2008-01-01

    The management of the decommissioning of multi-facility sites may be inadequate or inappropriate if based on approaches and strategies developed for sites consisting of only a single facility. The varied nature of activities undertaken, their interfaces and their interdependencies are likely to complicate the management of decommissioning. These issues can be exacerbated where some facilities are entering the decommissioning phase while others are still operational or even new facilities are being built. Multi-facility sites are not uncommon worldwide but perhaps insufficient attention has been paid to optimizing the overall site decommissioning in the context of the entire life cycle of facilities. Decommissioning management arrangements need to be established taking a view across the whole site. A site-wide decommissioning management system is required. This should include a project evaluation and approval process and specific arrangements to manage identified interfaces and interdependencies. A group should be created to manage decommissioning across the site, ensuring adequate and consistent practices in accordance with the management system. Decommissioning management should be aimed at the entire life cycle of facilities. In the case of multi facility sites, the process becomes more complex and decommissioning management arrangements need to be established with a view to the whole site. A site decommissioning management system, a group that is responsible for decommissioning on site, a site project evaluation and approval process and specific arrangements to manage the identified interfaces are key areas of a site decommissioning management structure that need to be addressed to ensure adequate and consistent decommissioning practices. A decommissioning strategy based on single facilities in a sequential manner is deemed inadequate

  2. The waste management implications of decommissioning

    International Nuclear Information System (INIS)

    Passant, F.H.

    1988-01-01

    Decommissioning policy can only be framed in the light of radioactive waste management policy. What can be done with the waste materials, how and when, will determine the overall decommissioning plans and costs. In this paper the waste management options and their costs are reviewed for the decommissioning of the Central Electricity Generating Boards civil nuclear power stations. The paper concentrates on the decommissioning of Magnox stations, although comparative information on waste volumes and costs are given for the AGR programme and a typical PWR. (author)

  3. Mutual aid fund commission

    CERN Multimedia

    Staff Association

    2011-01-01

    The composition of the Board of the Mutual Aid Fund for 2011 is as follows: President: Pascal Droux Vice-president: Connie Potter Treasurer: Louis Pereira Deputy treasurer: Barbara Brugger Secretary: Sonia Casenove Deputy secretary: Isabelle Mardirossian Members: Christopher David Thomas   Jean-Claude Vialis (GAC member)   Marie-Luce Falipou   Gunilla Santiard (Jean-Claude Vialis’s alternate) The role of the Fund is to provide financial help to members of personnel and beneficiaries of the Pension Fund who are in need of exceptional financial assistance. All requests are treated in the strictest confidence. Should you wish to apply for aid from the Fund, kindly contact any member of the Board as given above or Social Services, tel.74479 – 73867.

  4. Report: Final Audit of Financial Statements of Nevada Drinking Water State Revolving Fund for the year ended June 30, 2001

    Science.gov (United States)

    Report #2003-1-00048, Jan 21, 2003. The Program’s financial statements are presented as an enterprise fund using the accrual method of accounting whereby revenues are recorded when earned and expenses are recorded when the related liability is incurred.

  5. Department of Energy and Mines, Oil and Gas Revolving Fund financial statements for the year ended March 31, 1993

    International Nuclear Information System (INIS)

    1993-01-01

    The Oil and Gas Revolving Fund of the Saskatchewan Department of Energy and Mines was set up to provide a system of accounting for costs related to regulating and providing certain services to the oil and gas industry. Costs are shared equally by the Department and the industry. The Fund's income from the industry comes from a well levy consisting of annual fees charged to license holders and unit operators of certain types of oil and gas wells. Audited financial statements for the year ending March 31, 1993 are presented

  6. Department of Energy and Mines, Oil and Gas Revolving Fund financial statements for the year ended March 31, 1992

    International Nuclear Information System (INIS)

    1993-02-01

    The Oil and Gas Revolving Fund of the Saskatchewan Department of Energy and Mines was set up to provide a system of accounting for costs related to regulating and providing certain services to the oil and gas industry. Costs are shared equally by the Department and the industry. The Fund's income from the industry comes from a well levy consisting of annual fees charged to license holders and unit operators of certain types of oil and gas wells. Audited financial statements for the year ending March 31, 1992 are presented

  7. Decommissioning of AECL Whiteshell laboratories - 16311

    International Nuclear Information System (INIS)

    Koroll, Grant W.; Bilinsky, Dennis M.; Swartz, Randall S.; Harding, Jeff W.; Rhodes, Michael J.; Ridgway, Randall W.

    2009-01-01

    Whiteshell Laboratories (WL) is a Nuclear Research and Test Establishment near Winnipeg, Canada, operated by AECL since the early 1960's and now under decommissioning. WL occupies approximately 4400 hectares of land and employed more than 1000 staff up to the late-1990's, when the closure decision was made. Nuclear facilities at WL included a research reactor, hot cell facilities and radiochemical laboratories. Programs carried out at the WL site included high level nuclear fuel waste management research, reactor safety research, nuclear materials research, accelerator technology, biophysics, and industrial radiation applications. In preparation for decommissioning, a comprehensive environmental assessment was successfully completed [1] and the Canadian Nuclear Safety Commission issued a six-year decommissioning licence for WL starting in 2003 - the first decommissioning licence issued for a Nuclear Research and Test Establishment in Canada. This paper describes the progress in this first six-year licence period. A significant development in 2006 was the establishment of the Nuclear Legacy Liabilities Program (NLLP), by the Government of Canada, to safely and cost effectively reduce, and eventually eliminate the nuclear legacy liabilities and associated risks, using sound waste management and environmental principles. The NLLP endorsed an accelerated approach to WL Decommissioning, which meant advancing the full decommissioning of buildings and facilities that had originally been planned to be decontaminated and prepared for storage-with-surveillance. As well the NLLP endorsed the construction of enabling facilities - facilities that employ modern waste handling and storage technology on a scale needed for full decommissioning of the large radiochemical laboratories and other nuclear facilities. The decommissioning work and the design and construction of enabling facilities are fully underway. Several redundant non-nuclear buildings have been removed and redundant

  8. Inspector General, DoD, Oversight of the Army Audit Agency Audit of the FY 2000 Army Working Capital Fund Financial Statements

    National Research Council Canada - National Science Library

    2001-01-01

    Our objectives were to oversee the Army Audit Agency audit of the FY 2000 Department of the Army Working Capital Fund financial statements to verify whether we can rely on their work and to determine...

  9. Securing the long-term financing of decommissioning and radioactive waste management - From cost estimates to a comprehensive financing system

    International Nuclear Information System (INIS)

    Aebersold, Michael

    2003-01-01

    One of the most important issues in the area of waste disposal concerns the long-term securing of the necessary financing. Large amounts of money will have to be invested, managed and subsequently spent at the appropriate time, over an extended period of 100 years or more. In an electricity market that is opening up across Europe and is characterised by complicated legal structures, a focus on a handful of major groups and cost pressure due to increased competition, it will be necessary to create the corresponding background conditions. The anticipated costs for decommissioning and disposal will have to be calculated or estimated on the basis of available know-how and criteria. The required funds will then have to be collected and invested on the domestic and international money markets, which given the current situation on the stock markets will by no means be an easy task. But the assurance that enough money will be available is essential for public confidence. Using Switzerland as an example, the author wishes to demonstrate which steps are necessary in order to calculate the potential decommissioning and waste disposal costs based on a defined disposal concept and programme, determine the annual contributions to be paid in by operators, and establish a suitable system for securing the necessary funding. This paper deals with the following issues: 1. Political background and legislative framework in Switzerland; 2. Swiss radioactive waste management policy and programmes; 3. Calculating the decommissioning and waste management costs; 4. Calculating the contributions to the Funds; 5. Financing system

  10. Preparatory activities of the Fugen decommissioning

    International Nuclear Information System (INIS)

    Iguchi, Y.; Tajiri, T.; Kiyota, S.

    2004-01-01

    The Advanced Thermal Reactor Fugen is a 165 MWe, heavy water moderated, light-water cooled, pressure-tube type reactor. In February 1998, the Atomic Energy Commission of Japan introduced a new policy that development and research of decommissioning of Fugen should be promoted in order to carry out the decommissioning smoothly after the shutdown. The Fugen reactor was shut down definitely in March 2003, and Fugen has been preparing for the project, including necessary development of technologies. The development of decommissioning for Fugen is divided into two areas. One area is the development of unique technology for dismantling special components such as the reactor core and the heavy water system. Another area is the improvement and enhancement of existing technologies. Especially the former area requires effort and comprises development of the reactor dismantlement, tritium decontamination of heavy water system and engineering support systems. The activities are as follows: the density and amount of radioactive nuclides in all equipment or concrete including the reactor core need to be evaluated for the decommissioning. To prepare for decommissioning, analysis, measurement and evaluation of the neutron flux density have been executed during reactor operation. Special dismantling process is necessary for the heavy water system and the reactor that are unique to Fugen. Some studies and tests are going on for the safe dismantling based on existing technologies and their combination. Systems engineering approach is necessary in order to optimize the work load, exposure dose, waste mass and cost by selecting appropriate dismantling process at the planning stage of the decommissioning. For this reason, in order to make a decommissioning plan efficiently, we have been developing an Engineering Support System for decommissioning by adopting new information technologies such as three-dimensional computer-aided design system and virtual reality system. Moreover, the

  11. What will we do with the low level waste from reactor decommissioning?

    International Nuclear Information System (INIS)

    Meehan, A. R.; Wilmott, S.; Crockett, G.; Watt, N. R.

    2008-01-01

    The decommissioning of the UK's Magnox reactor sites will produce large volumes of low level waste (LLW) arisings. The vast majority of this waste takes the form of concrete, building rubble and redundant plant containing relatively low levels of radioactivity. Magnox Electric Ltd (Magnox) is leading a strategic initiative funded by the Nuclear Decommissioning Authority (NDA) to explore opportunities for the disposal of such waste to suitably engineered facilities that might be located on or adjacent to the site of waste arising, if appropriate and subject to regulatory acceptance and stakeholder views. The strategic issues surrounding this initiative are described along with an update of progress with stakeholder consultations in relation to the proposed licensing of the first such facility at Hinkley Point A, which could be viewed as a test case for the development of similar disposal facilities at other nuclear sites in England and Wales. (authors)

  12. Decommissioning of Facilities. General Safety Requirements. Pt. 6

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2014-07-15

    Decommissioning is the last step in the lifetime management of a facility. It must also be considered during the design, construction, commissioning and operation of facilities. This publication establishes requirements for the safe decommissioning of a broad range of facilities: nuclear power plants, research reactors, nuclear fuel cycle facilities, facilities for processing naturally occurring radioactive material, former military sites, and relevant medical, industrial and research facilities. It addresses all the aspects of decommissioning that are required to ensure safety, aspects such as roles and responsibilities, strategy and planning for decommissioning, conduct of decommissioning actions and termination of the authorization for decommissioning. It is intended for use by those involved in policy development, regulatory control and implementation of decommissioning.

  13. Financial Crisis and Corporate Social Responsible Mutual Fund Flows

    OpenAIRE

    Sitikantha Parida; Zhihong Wang

    2018-01-01

    In this paper, we investigate investment flows into mutual funds that hold more high corporate social responsible stocks (top CSR funds) vs. mutual funds that hold more low corporate social responsible stocks (bottom CSR funds). Using a large sample of equity mutual funds spanning 2003–2012, we find that top CSR funds on average receive about 5% less investment per annum compared to the other funds; whereas bottom CSR funds receive about 5.6% more investments. These relative negative and posi...

  14. Framework for financial ratio analysis of audited federal financial reports

    OpenAIRE

    Brady, Richard T.

    1999-01-01

    Federal agencies have traditionally prepared financial reports to monitor and report the obligation and expenditure of federal funding. With the passage of the Chief Financial Officers Act of 1990, Congress called for the production of financial statements that fully disclose a federal entity's financial position and results of operations. The disclosure of this type of information, it was believed, would enable decision-makers to understand the financial implications of budgetary, policy and...

  15. UK reactor decommissioning strategy

    International Nuclear Information System (INIS)

    Woollam, P.B.

    2004-01-01

    With the cessation of electricity generation, nuclear power stations move into the next stage of the overall life cycle of the facility: decommissioning. Decommissioning is defined as the process whereby a nuclear facility, at the end of its economic life, is taken permanently out of service and its site made available for other purposes. This involves the implementation of a structured and safe programme for dismantling and clearing the site and making it available for alternative use in the future. In practical terms, 'decommissioning' means the systematic and progressive reduction of hazards to the point where the site could eventually be de-licensed. (author)

  16. An Empirical Study on Mutual Funds in the U.S. Market: Performance Evaluation and Its Relation with Fund Size

    OpenAIRE

    Du, Lin

    2008-01-01

    Mutual funds industry has grown rapidly since 1970s. As one popular type of financial intermediary, mutual fund investment becomes an important player in the financial market globally. The evaluation of mutual fund performance has been achieving a great deal of academic interest since 1960s. There has been a great deal of research which examined whether mutual funds can outperform well-diversified portfolios such as a market index. However, the findings are usually suggestive rather than conc...

  17. The Influence of Industry Funding and Other Financial Conflicts of Interest on the Outcomes and Quality of Systematic Reviews

    DEFF Research Database (Denmark)

    Hansen, Camilla; Lundh, Andreas; Rasmussen, Kristine

    design that investigated samples of systematic reviews with and without industry funding or other financial conflicts of interest, published up to November 2016. For studies to be eligible, they had to investigate at least 1 of our outcomes: effect size estimates, statistically favorable results......, favorable conclusions, and methodological quality. Two review authors independently extracted data and assessed risk of bias in relation to study inclusion, data extraction, and comparability of the investigated systematic reviews. We reported our findings on effect size estimates qualitatively. We...... size estimates and frequency of statistically favorable results were similar between systematic reviews with and without financial conflicts of interest (Table). Systematic reviews with financial conflicts of interest more often had favorable conclusions compared with systematic reviews without...

  18. Information Content of Mutual Fund Portfolio Disclosure

    NARCIS (Netherlands)

    Y. Wang (Yu)

    2011-01-01

    textabstractAcademic financial economists have been keenly interested in the value of active portfolio management since the seminal paper of Jensen (1968). This book examines the information advantages that active mutual fund managers attain in financial markets through an analysis of disclosed fund

  19. Constructing Predictive Estimates for Worker Exposure to Radioactivity During Decommissioning: Analysis of Completed Decommissioning Projects - Master Thesis

    Energy Technology Data Exchange (ETDEWEB)

    Dettmers, Dana Lee; Eide, Steven Arvid

    2002-10-01

    An analysis of completed decommissioning projects is used to construct predictive estimates for worker exposure to radioactivity during decommissioning activities. The preferred organizational method for the completed decommissioning project data is to divide the data by type of facility, whether decommissioning was performed on part of the facility or the complete facility, and the level of radiation within the facility prior to decommissioning (low, medium, or high). Additional data analysis shows that there is not a downward trend in worker exposure data over time. Also, the use of a standard estimate for worker exposure to radioactivity may be a best estimate for low complete storage, high partial storage, and medium reactor facilities; a conservative estimate for some low level of facility radiation facilities (reactor complete, research complete, pits/ponds, other), medium partial process facilities, and high complete research facilities; and an underestimate for the remaining facilities. Limited data are available to compare different decommissioning alternatives, so the available data are reported and no conclusions can been drawn. It is recommended that all DOE sites and the NRC use a similar method to document worker hours, worker exposure to radiation (person-rem), and standard industrial accidents, injuries, and deaths for all completed decommissioning activities.

  20. Human resource development for decommissioning

    International Nuclear Information System (INIS)

    Yanagihara, Satoshi

    2016-01-01

    This paper summarized the features of decommissioning work and the methods how to develop human resources. The general flow of decommissioning includes the following steps: (1) evaluation of facility characteristics, (2) planning, (3) decontamination and disassembly of equipment and structures contaminated with radioactivity, (4) radioactivity measurement, (5) treatment and disposal of radioactive waste, and (6) release from legal restrictions (termination of decommissioning). For this purpose, techniques in various fields are required. In the evaluation of facility characteristics, radiation measurement and calculation of activation amount in the core part are required. In decontamination and dismantling, cutting technology (mechanical cutting, thermal cutting, etc.), decontamination technology, and remote control technology are required. In the nuclear power education in the past, the fields related to design, construction, operation, and maintenance among the plant life cycle were the main parts. Much attention was not payed to decommissioning and the treatment/disposal of radioactive waste in the second half of life cycle. As university education, Hokkaido University and Fukui University have lectures on decommissioning. Furthermore, the education and research for students are proceeding at seven universities, with a focus on common reactors including those of Fukushima Daiichi Power Station. It is a key for promoting decommissioning, to incorporate project management, risk analysis, cost evaluation, and decision making into education, and to foster human resources heading toward challenging problems including social problems. (A.O.)