§2297g–1 Deposits

Summary

Requires yearly deposits of $518,233,333 into the Fund, with that amount adjusted each year for inflation starting October 24, 1992, using the Consumer Price Index for All Urban Consumers from the Department of Labor. The money must come from two places: a special charge on U.S. utilities and money Congress provides. The special charge cannot be more than $150,000,000 per year (also adjusted for inflation). Each utility’s share is based on how many separative work units it bought from the Department of Energy for commercial power before October 24, 1992 compared to the total such units bought from the Department for all purposes before that date. A unit counts if the Department made it even if the utility bought it from someone else, and it does not count if the utility bought it then sold it to another. Congress may provide whatever funds are needed for 15 years after October 24, 1992 to make the yearly deposits. The special charges stop earlier if 15 years pass after October 24, 1992 or if $2,250,000,000 (adjusted for inflation) has been collected. The special charge is treated as a normal fuel cost and can be passed on in utility rates.