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

21 October, 2021
Kishida Makes First Visit to Fukushima Since Becoming Prime Minister
15 October, 2021
LDP Adds SMR Development and Nuclear Fusion to NPP Restarts in Its Policy Manifesto
7 October, 2021
Kishida Administration Inaugurated, with New METI Minister Hagiuda Holding Press Conference on Taking Office
6 October, 2021
IAEA Holds 65th General Conference in Vienna, with Japanese Minister of State for Science and Technology Delivering Statement in the General Debate
30 September, 2021
JAEC Releases 2020 White Paper on Nuclear Energy
17 September, 2021
NRA Permits Shimane-2 under New Regulatory Standards
14 September, 2021
IAEA Deputy Director General Evrard Visits Japan in Advance of Safety Review of ALPS-treated Water
1 September, 2021
Evaluation Report Issued by IAEA’s Review Mission to Fukushima Daiichi: First Visit since 2018
24 August, 2021
METI and IAEA Agree on Further Review Missions to Fukushima Daiichi
4 August, 2021
JAEA Restarts High-Temperature Engineering Test Reactor “HTTR”
2 August, 2021
Information about Fukushima Daiichi NPS Water Treatment
28 July, 2021
METI’s Committee Shows Rough Draft of Next Strategic Energy Plan
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
▲TOP