§2297g–1 Deposits

Summary

The Fund must receive deposits of $518,233,333 each fiscal year, adjusted each year for inflation starting on October 24, 1992, using the Consumer Price Index for all-urban consumers from the Department of Labor. Money for the Fund comes from two sources: a special charge on U.S. utilities and money Congress provides by appropriation. The special charge on utilities can total no more than $150,000,000 in any fiscal year, adjusted each year for inflation the same way. Each utility pays in proportion to how many separative work units it bought from the Department of Energy for commercial power before October 24, 1992, compared to the Department’s total sales of such units before that date. Rule notes: one, a unit counts if the Department made it even if the utility later bought it from someone else; two, a unit does not count if the utility bought it and then sold it to another. Congress can appropriate money for 15 years after October 24, 1992 to make up any shortfalls. Collections from utilities stop at the earlier of 15 years after October 24, 1992 or when $2,250,000,000 has been collected (adjusted annually for inflation). The special charge is treated as a fuel cost that utilities may recover in rates.