Department of Energy
§ 961.11
[In 1982 dollars]
period payment shall be due on lllll , for the period lllll to lllll .) The as- signed 3-month period, for purposes of pay- ment and reporting of electricity generated and sold shall begin lllll . 2. For SNF discharged prior to April 7, 1983, and for in-core burned fuel as of 12:00 A.M. April 7, 1983, the Purchaser shall, within two (2) years of contract execution, select one of the following fee payment options: (a) Option 1— The Purchaser’s financial ob- ligation for said fuel shall be prorated evenly over forty (40) quarters and will consist of the fee plus interest on the outstanding fee balance. The interest from April 7, 1983, to date of the first payment is to be calculated based upon the 13-week Treasury bill rate, as reported on the first such issuance following April 7, 1983, and compounded quarterly thereafter by the 13-week Treasury bill rates as reported on the first such issuance of each succeeding assigned three-month period. Be- ginning with the first payment, interest is to be calculated on Purchaser’s financial obli- gation plus accrued interest, at the ten-year Treasury note rate in effect on the date of the first payment. In no event shall the end of the forty (40) quarters extend beyond the first scheduled delivery date as reflected in the DOE-approved delivery commitment schedule. All payments shall be made con- currently with the assigned three month pe- riod payments. At any time prior to the end of the forty (40) quarters, Purchaser may, without penalty, make a full or partial lump sum payment at any of the assigned three month period payment dates. Subsequent quarterly payments will be appropriately re- duced to reflect the reduction in the remain- ing balance in the fee due and payable. The remaining financial obligation, if any, will be subject to interest at the same ten-year Treasury note rate over the remainder of the ten year period. (b) Option 2— The Purchaser’s financial ob- ligation shall be paid in the form of a single payment anytime prior to the first delivery, as reflected in the DOE approved delivery commitment schedule, and shall consist of the fee plus interest on the outstanding fee balance. Interest is to be calculated from April 7, 1983, to the date of the payment based upon the 13-week Treasury bill rate, as reported on the first such issuance following April 7, 1983, and compounded quarterly thereafter by the 13-week Treasury bill rates as reported on the first such issuance of each succeeding assigned three-month period until payment. (c) Option 3— The Purchaser’s financial ob- ligation shall be paid prior to June 30, 1985, or prior to two (2) years after contract exe- cution, whichever comes later, in the form of a single payment and shall consist of all out- standing fees for SNF and in-core fuel burned prior to April 7, 1983. Under this option, no interest shall be due to DOE from April 7,
Dollars per kilo- gram $80.00 142.00 162.00 184.00
Nuclear spent fuel burnup range
0 to 5,000 MWDT/MTU ............................................. 5,000 to 10,000 MWDT/MTU .................................... 10,000 to 20,000 MWDT/MTU .................................. Over 20,000 MWDT/MTU .......................................... This fee shall not be subject to adjustment, and the payment thereof by the Purchaser shall be made to DOE as specified in para- graph B of this Article VIII. 3. For in-core fuel as of April 7, 1983, that portion of the fuel burned through April 6, 1983 shall be subject to the one-time fee as calculated in accordance with the following methodology: [a] determine the total weight in kilograms of unranium loaded initially in the particular core; [b] determine the total megawatt-days (thermal) which have been generated by all of the fuel assemblies in the said core as of 12:00 A.M. April 7, 1983; [c] di- vide the megawatt-days (thermal) generated in the said core by the total metric tons of initially loaded uranium in that core and multiply the quotient by the conversion fac- tor 0.0078 to obtain a value in dollars per kilogram; and [d] multiply the dollars per kilogram value by the kilograms determined in [a] above to derive the dollar charge for the one-time fee to be paid for the specified in-core fuel as of 12:00 A.M. April 7, 1983. For purposes of this contract, in-core fuel is that fuel in the reactor core as of the date speci- fied, plus any fuel removed from the reactor with plans for reinsertion. That portion of such fuel unburned as of 12:00 A.M. April 7, 1983 shall be subject to the 1.0 mill per kilo- watt-hour charge. 4. DOE will annually review the adequacy of the fees and adjust the 1M/KWH fee, if nec- essary, in order to assure full cost recovery by the Government. Any proposed adjust- ment to the said fee will be transmitted to Congress and shall be effective after a period of ninety (90) days of continuous session has elapsed following receipt of such transmittal unless either House of Congress adopts a res- olution disapproving the proposed adjust- ment. Any adjustment to the 1M/KWH fee under paragraph A.1. of this Article VIII shall be prospective. B. Payment 1. For electricity generated and sold by the Purchaser’s civilian nuclear power reactor(s) on or after April 7, 1983, fees shall be paid quarterly by the Purchaser and must be re- ceived by DOE not later than the close of the last business day of the month following the end of each assigned 3-month period. The first payment shall be due on July 31, 1983, for the period April 7, 1983, to June 30, 1983. (Add as applicable: A one-time adjustment
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