S 2207

This bill establishes an annual $25 million fee on owners and affiliates of nuclear power stations in Massachusetts, with the funds deposited into a newly created Postclosure Trust Fund managed by the State Treasurer. The purpose is to ensure adequate funding for postclosure activities when nuclear plants stop generating electricity, including decommissioning, site cleanup, spent fuel management, and environmental restoration, while explicitly excluding the long-term storage option known as "Safstor" from the definition of decommissioning. The legislation aims to accelerate the return of nuclear sites to productive use, reduce financial risks to taxpayers and ratepayers from inadequate decommissioning funds, and minimize the negative impacts of having nuclear sites unavailable for extended periods.