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FY 2007 Fee Adequacy, Pub 2008

The purpose of this U.S. Department of Energy Office of Civilian Radioactive Waste

Management Fee Adequacy Assessment Report is to present an analysis of the adequacy of the fee being paid by nuclear power utilities for the permanent disposal of their spent nuclear fuel by the Government. In accordance with the Nuclear Waste Policy Act of 1982 (the Act), the costs for disposal of commercial spent nuclear fuel are to be funded by a fee of one mill ($0.001) per kilowatt-hour levied on electricity generated and sold. Section 302(a)(4) of the Act states that the U.S. Secretary of Energy shall annually review the fee to evaluate whether the collection of the fee will provide sufficient revenues to offset the commercial utilities’ share of the total life cycle costs of the Civilian Radioactive Waste Management Program (the Program). It states that in the event the Secretary determines that either insufficient or excess revenues are being collected, the Secretary shall immediately transmit to Congress a proposed fee adjustment that will ensure full cost recovery.