S.P. 468 - L.D. 1407
An Act to Reduce the Cost to Ratepayers of Decommissioning and Nuclear Waste Storage at the Maine Yankee Nuclear Power Plant
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 35-A MRSA §4392, sub-§4, ¶B, as enacted by PL 1987, c. 141, Pt. A, §6, is repealed.
Sec. 2. 35-A MRSA §4392, sub-§4, ¶E is enacted to read:
E. The fund may be invested only in a manner consistent with the criteria for decommissioning trust funds as described in 18 Code of Federal Regulations, Sections 35.32(a)(3) and 35.33(c)(1998).
Sec. 3. 35-A MRSA §4392, sub-§5, as enacted by PL 1987, c. 141, Pt. A, §6, is amended to read:
5. Expenditures from the fund. The trustee shall make payments from the fund to the United States Department of Energy in accordance with the United States Nuclear Waste Policy Act of 1982 and any contract between the licensee and the department under that Act for the disposal of all spent nuclear fuel used prior to April 7, 1983. Notwithstanding any other provision of this subsection, the trustee shall make payments from the fund to the licensee to meet expenditures for interim spent fuel storage costs and to offset those interim spent fuel storage costs already incurred by the licensee.
Sec. 4. Return and expenditure of ratepayer funds. No later than 30 days after the effective date of this Act, any amounts transferred to the State Planning Office pursuant to Public Law 1993, chapter 664, section 22, subsection 1, paragraphs A and B from the low-level radioactive waste self-insurance fund established pursuant to the Maine Revised Statutes, Title 38, former section 1540, subsection 4 and the Low-level Radioactive Waste Facility Fund established pursuant to Title 38, former section 1535 must be returned to Maine Yankee for deposit in the Maine Yankee Decommissioning Trust Fund to reduce the cost of decommissioning.
Sec. 5. Allocation. The following funds are allocated from Other Special Revenue funds to carry out the purposes of this Act.
1999-00
EXECUTIVE DEPARTMENT
State Planning Office
All Other $6,799,518
Allocates funds to authorize the return of funds to the Maine Yankee Nuclear Power Plant to be deposited in the Maine Yankee Decommissioning Trust Fund.
Effective September 18, 1999, unless otherwise indicated.
| Revisor of Statutes Homepage | Subject Index | Search | Laws of Maine | Maine Legislature |
