JAPAN ATOMIC INDUSTRIAL FORUM, INC.

for Japanese

ATOMS in JAPAN

13 May, 2016

Upper House Passes Bill Creating Spent Fuel Reprocessing Contribution System

On May 11, a plenary session of Japan's House of Councillors (Upper House) passed a bill creating a spent fuel reprocessing contribution system, enabling it to become law. The legislation focuses on establishing three things: a contribution system, a duly-authorized juridical entity, and a system of proper governance.

The new law is in anticipation of major changes in the business environment surrounding nuclear power as a result of the full deregulation of Japan’s power retail market. It is also an effort to avoid hampering the development of the reprocessing business owing to difficulties in securing stable funding.

Under the new law, which does away with the previous “deposit system,” nuclear operators are required to contribute all the necessary funds (more specifically, their approximate estimates thereof) for reprocessing and the like to a new juridical entity—called the Spent Fuel Reprocessing Organization—to be established as a business operator. That will ensure that stable funding is unaffected by such things as an individual operator’s business considerations.

The new organization will engage in such matters as issuing business action plans and receiving funds. Japan Nuclear Fuel Ltd. (JNFL), with its accumulated technology and human resources, will continue to be responsible for work-site operations under a commission for the organization.

Upon the enactment of the law, Chairman Makoto Yagi of the Federation of Electric Power Companies (FEPC) released a comment saying that FEPC members, to fulfill their responsibilities as spent fuel generators, would not only contribute the necessary funds but would also fully cooperate as nuclear operators in establishing the Spent Fuel Reprocessing Organization.

Governor Shingo Mimura of Aomori Prefecture, the host of the Rokkasho Reprocessing Plant, commented that all parties, in establishing and managing the new organization, needed to “fully consider that the nuclear fuel cycle business in Aomori has been carried out based on the understanding and support of its citizens.”

Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SNS facebooktwitter

NPPs Map

Video

Grossi on Fukushima: Marking a Decade Since the Accident

10 March, 2021
Grossi on Fukushima: Marking a Decade Since the Accident04:11

Recent News

2 July, 2021
Mihama-3 Restarted After Decade-long Hiatus: First Restart in Japan of a Reactor Operating Beyond 40 Years
28 June, 2021
Mihama-3 Restarts after Decade-long Hiatus
25 June, 2021
New Canada-Japan Partnership Supports Greater Collaboration to Meet Climate Change Objectives and Net-zero Goals
24 June, 2021
METI Issues New Green Growth Strategy Through Achieving Carbon Neutrality
16 June, 2021
ANRE Sticks to “S+3E”
16 June, 2021
Japanese Cabinet Approves Environmental White Paper 2021
16 June, 2021
LDP Parliamentary Association to Reconfirm Position on Utilization of Nuclear Power
16 June, 2021
Fukui Governor Concerned about Deletion of Reference to “Maximum Utilization” of Nuclear Power
14 June, 2021
Working Group on Offshore Release of Treated Water Meets in Miyagi
14 June, 2021
NRA Considers Policy on Treating Slurry from ALPS, with Local Understanding Essential
11 June, 2021
Japanese Cabinet Approves Energy White Paper 2021
11 June, 2021
Government Omits Description of “Maximum Utilization” of Nuclear Power
9 June, 2021
MNF Hopes to Resume Fuel Production as Early as November
8 June, 2021
TEPCO to Develop Sample Tanks at Fukushima Daiichi to Prepare for Offshore Release of Treated Water
8 June, 2021
Opinions Differ Within Japan’s Governing Coalition Concerning Nuclear Power
8 June, 2021
Local Concerns About Unfounded Fears and Rumors on Offshore Release of Treated Water
7 June, 2021
JEMA Proposes that Nuclear Power Be Maintained at a Certain Scale
7 June, 2021
IHI to Participate in NuScale’s SMR Project
4 June, 2021
FEPC Declares for “Zero Emissions”
4 June, 2021
Support Grows Within LDP for Nuclear Power
▲TOP