PRIA, Government Policy, Made Personal

Summary

Requires yearly deposits of $518,233,333 into a fund, with that amount adjusted for inflation each year starting October 24, 1992 using the Consumer Price Index for all-urban consumers (published by the Department of Labor). The money must come from two sources: a special charge on U.S. utilities and congressional appropriations. The Secretary collects the special charge from domestic utilities up to $150,000,000 per year (also adjusted for inflation). Each utility’s share is based on the share of separative work units it bought from the Department of Energy for commercial electricity before October 24, 1992 compared to all such units bought or produced before that date. One-line definitions: "Counted purchase" = a unit produced by the Department but bought by the utility through another source; "Not counted" = a unit the utility bought then sold to someone else. Congress can appropriate whatever is needed to reach the annual deposit for 15 years after October 24, 1992. The special charge stops after the earlier of 15 years after October 24, 1992 or $2,250,000,000 collected (adjusted for inflation). The special charge is treated as a fuel cost utilities can recover in rates.

Title 42, §2297g–1

The Public Health and Welfare, Source: USLM XML via OLRC

(a)The Fund shall consist of deposits in the amount of $518,233,333 per fiscal year (to be annually adjusted for inflation beginning on October 24, 1992, using the Consumer Price Index for all-urban consumers published by the Department of Labor) as provided in this section.

(b)Deposits described in subsection (a) shall be from the following sources:

(1)Sums collected pursuant to subsection (c).

(2)Appropriations made pursuant to subsection (d).

(c)The Secretary shall collect a special assessment from domestic utilities. The total amount collected for a fiscal year shall not exceed $150,000,000 (to be annually adjusted for inflation using the Consumer Price Index for all-urban consumers published by the Department of Labor). The amount collected from each utility pursuant to this subsection for a fiscal year shall be in the same ratio to the amount required under subsection (a) to be deposited for such fiscal year as the total amount of separative work units such utility has purchased from the Department of Energy for the purpose of commercial electricity generation, before October 24, 1992, bears to the total amount of separative work units purchased from the Department of Energy for all purposes (including units purchased or produced for defense purposes) before October 24, 1992. For purposes of this subsection—

(1)a utility shall be considered to have purchased a separative work unit from the Department if such separative work unit was produced by the Department, but purchased by the utility from another source; and

(2)a utility shall not be considered to have purchased a separative work unit from the Department if such separative work unit was purchased by the utility, but sold to another source.

(d)There are authorized to be appropriated to the Fund, for the period encompassing 15 years after October 24, 1992, such sums as are necessary to ensure that the amount required under subsection (a) is deposited for each fiscal year.

(e)The collection of amounts under subsection (c) shall cease after the earlier of—

(1)15 years after October 24, 1992; or

(2)the collection of $2,250,000,000 (to be annually adjusted for inflation using the Consumer Price Index for all-urban consumers published by the Department of Labor) under such subsection.

(f)Except as provided in subsection (e), deposits shall continue to be made into the Fund under subsection (d) for the period specified in such subsection.

(g)Any special assessment levied under this section on domestic utilities for the decontamination and decommissioning of the Department’s gaseous diffusion enrichment facilities shall be deemed a necessary and reasonable current cost of fuel and shall be fully recoverable in rates in all jurisdictions in the same manner as the utility’s other fuel cost.

Editorial Notes

Amendments

2002—Subsec. (a). Pub. L. 107–222 substituted “$518,233,333” for “$488,333,333” and inserted “beginning on October 24, 1992,” after “inflation”. 1998—Subsec. (a). Pub. L. 105–388 substituted “$488,333,333” for “$480,000,000”.

§2297g–1 Deposits

Summary

Title 42, §2297g–1

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata