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

“The current situation at Fukushima Daiichi NPS” -From 3.11 toward the future- (ver, July 2019)

8 July, 2019
“The current situation at Fukushima Daiichi NPS” -From 3.11 toward the future- (ver, July 2019)09:17

Recent News

13 December, 2019
NRA Approves Decommissioning Plans for Kansai EP’s Ohi-1 and-2
12 December, 2019
JAEA Holds International Forum on Peaceful Use of Nuclear Energy, Nuclear Non-Proliferation and Nuclear Security
29 November, 2019
NRA Issues Draft Review Report: Onagawa-2 Meets New Regulatory Standards
28 November, 2019
RIKEN Unveils Transportable Compact Neutron Source System
27 November, 2019
JAIF Releases Results of Fact-Finding Survey of Japanese Nuclear Industry for Fiscal 2018
26 November, 2019
Hitachi Receives Order from Mayo Clinic to Build First Carbon Ion Treatment System in North America
25 November, 2019
Keidanren: Japan’s Commitment to Low-Carbon Society Shows NPP Restarts Helped Reduce CO2 Emissions in Fiscal 2018
21 November, 2019
TEPCO Announces Timeline for Storage and Disposal of Treated Contaminated Water at Fukushima Daiichi
15 November, 2019
JAEA Holds Public Meeting, Discusses Future Vision, Fukushima Reconstruction and Revitalization
15 November, 2019
IAEA/RCA Symposium: Cooperating with Developing Countries Through Nuclear Science and Technology
▲TOP