New Projects, Nuclear, Reactors

NRC Establishes Separate Fee Structure for Small Modular Nuclear Reactors

The U.S. Nuclear Regulatory Commission is amending its regulations to establish a separate fee structure for light-water small modular reactors (SMRs).

Under the revised fee structure, an SMR’s annual fee will be based on how much power it is licensed to generate. Without the separate fee structure, an SMR would have to pay the same annual fee as a large operating light-water reactor. The fee structure complies with the Omnibus Budget Reconciliation Act of 1990, which requires that NRC fees be “fairly and equitably” allocated among its licensees.

The proposed rule was published in the Federal Register for public comment on Nov. 4, 2015, and the NRC held a public meeting on November 16. The final rule will become effective June 23, following today’s publication of the rule in the Federal Register.

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