Bill > S1948

This bill aims to establish a Postclosure Trust Fund to provide funding for activities related to the decommissioning of nuclear power stations in Massachusetts. The key provisions include: 1. An annual $25 million fee on the owners or affiliates of each nuclear power station in the state, to be deposited into the Postclosure Trust Fund for that station. 2. Additional funds from any monies recovered by the owners or affiliates from the Department of Energy for spent fuel management costs. 3. The Postclosure Trust Fund will be managed by the state treasurer and can only be used to pay for completed postclosure activities, such as site cleanup, job training, and decommissioning. 4. Disbursements from the Postclosure Trust Fund require authorization from the Executive Office of Energy and Environmental Affairs and must be supported by an affidavit or declaration attesting to the completion of the relevant postclosure activities. 5. The balance of the Postclosure Trust Fund will be returned to the owners or affiliates once all postclosure activities have been completed. 6. The act will take effect on January 1, 2020. The goal of this bill is to ensure that there are sufficient funds available to promptly decommission nuclear power stations and prepare the sites for other beneficial uses, rather than having them remain unavailable for long periods.

Transportation and Infrastructure

https://malegislature.gov/Bills/191/S1948