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.<\/p>\n
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\u2014called the Spent Fuel Reprocessing Organization\u2014to be established as a business operator. That will ensure that stable funding is unaffected by such things as an individual operator\u2019s business considerations.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.”<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,8],"tags":[455,115,73,91,139,32,138,137,75],"class_list":["post-1921","post","type-post","status-publish","format-standard","hentry","category-news","category-policies","tag-aomori","tag-electricity-system","tag-fepc","tag-governor","tag-jnfl","tag-meti","tag-reprocess","tag-rokkasho","tag-yagi"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t