10 CFR Part 50, Domestic
Licensing of Production and Utilization Facilities
Revision of a currently approved collection
No
Regular
09/05/2025
Requested
Previously Approved
08/31/2028
08/31/2028
42,878
42,863
3,714,944
3,714,406
250,451
250,434
FINAL RULE- Alternatives to the Use of
Credit Ratings The U.S. Nuclear Regulatory Commission (NRC) is
amending its regulations for approved financial assurance
mechanisms for decommissioning in 10 CFR Parts 30, 40, 50, and 70,
specifically for parent-company and self-guarantees that previously
required bond ratings issued by credit rating agencies and now is
replaced with a demonstration of a creditworthiness criterion. This
final rule implements the provisions of the Dodd-Frank Wall Street
Reform and Consumer Protection Act of 2010 that directed agencies
to amend their regulations to remove any reference to or
requirement of reliance on credit ratings. This final rule affects
applicants and licensees who are required to provide
decommissioning financial assurance. The information collections
associated with the final rule have been submitted under the
following clearance numbers: 3150-XXXX Burden for 10 CFR Part 30,
Rules of General Applicability to Domestic Licensing of Byproduct
Material (this is a temporary clearance number, 3150-0017 is
currently unavailable for submissions due to the Regulatory
Framework for Fusion Machines proposed rule) 3150-0011 - 10 CFR
Part 50, Domestic Licensing of Production and Utilization
Facilities 3150-0009 - 10 CFR Part 70, Domestic Licensing of
Special Nuclear Material 3150-0029 - 10 CFR Part 40, Domestic
Licensing of Source Material Part 50 of title 10 of the Code of
Federal Regulations (10 CFR), “Domestic Licensing of Production and
Utilization Facilities,” specifies technical information and data
to be provided to the NRC or maintained by applicants and licensees
so that the NRC may take determinations necessary to protect the
health and safety of the public, in accordance with the Atomic
Energy Act of 1954, as amended. The reporting and recordkeeping
requirements contained in 10 CFR part 50 are mandatory for the
affected licensees and applicants.
The final rule’s changes to 10
CFR Part 50 will affect applicants during the period of this
clearance. The annual estimated burden increase due to the final
rule is 538.33 hours, covering five respondents annually. The NRC
issued this final rule to amend the approved financial assurance
mechanisms for decommissioning, specifically for parent-company and
self-guarantees that require bond ratings issued by credit rating
agencies. The rule implements the required provisions of the
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
The Dodd-Frank Act directed agencies to amend their regulations to
remove any reference to or requirements of reliance on credit
ratings. Applicants and licensees that are required to provide
decommissioning financial assurance may be impacted. The rule
requires applicants and licensees that relied on bond ratings
issued by credit rating agencies for their financial guarantee to
instead rely on new financial tests currently provided in NRC
regulations that do not contain a credit rating criterion.
$72,124,200
No
No
No
No
Yes
No
No
Gregory Trussell 301
415-6445
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.