52 Pa. Code § 69.206 - Inventory management
(a) A
utility should have a written policy stating its nuclear fuel inventory
management objectives. The policy should include inventory target levels,
ordering points or cycles, and the like.
(b) The term "inventory," for the purpose of
this section, §
§609.201-69.205 and
69.207, includes uranium in the
form of U3O8 or natural and
enriched UF6 in process or in storage and all other
uranium which is already processed but not in the reactor-for example,
fabricated fuel assemblies-and held in storage.
(c) The inventory management objectives
should be reevaluated annually for conformance with supply and demand
conditions as they exist in the nuclear fuel marketplace. The written inventory
management objectives should be revised if it is determined through the
reevaluation process, that the objectives are not synchronized with current
market conditions.
(d) A utility
has an obligation to its ratepayers to maintain its nuclear fuel inventory at a
level which achieves optimum fuel cost savings without endangering normal plant
operations. When determining the proper inventory level, the use of innovative
core design solutions to accommodate the unexpected loss of nuclear fuel
assemblies should be considered.
(e) A utility will be expected to justify,
for recovery purposes, the costs associated with carrying excess levels of
inventory. Excess inventory levels are defined as those levels which exceed the
quantity necessary to satisfy, per licensed nuclear generating unit, one
standard reload in process, that is, conversion, enrichment or fabrication.
Completely fabricated fuel assemblies should be held in storage no longer than
4 months before they are loaded into the reactor. The Pennsylvania Public
Utility Commission (Commission) recognizes that nuclear fuel inventories in
excess of the levels in this subsection are occasionally necessary and proper.
The utility shall be able to cost justify the excess amounts. A demonstrable,
extraordinary operational requirement or nuclear fuel market situation may
provide an instance where excess inventory levels could be deemed
proper.
(f) Pertinent data, related
to this subsection, should be retained by the utility in accordance with the
Federal Energy Regulatory Commission's Record Retention Table and made
available for Commission review upon request.
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