§13493 Commercialization of Advanced Light Water Reactor Technology

Summary

Require a 5-year program of technical and financial help to push advanced light water reactor designs toward review and certification by the Nuclear Regulatory Commission no later than the end of fiscal year 1996. Also run a program to help pay for the first-of-a-kind engineering of standardized commercial nuclear plants that were in the Department of Energy’s certification program as of October 24, 1992. To get help, a company must be a real reactor business, have the money and plan to finish building and operating plants in the United States, and be working on a design scheduled for Commission certification under the DOE program. At least 50 percent of the project money must come from non-Federal sources, with a large part from utilities or companies that sell electricity. For each selected design the Secretary must give Congress a plan with goals, milestones, and deliverables. The Secretary must set and report a Federal cost limit before any agreement. No one company may get help for more than 4 years, and total Federal support for these projects may not exceed $100,000,000 for fiscal years 1993 through 1997.