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Canadians expect that the money necessary to pay for the long-term management of used nuclear fuel will be available when needed. This expectation is being met.<\/p>\n
Consistent with the \u201cpolluter pays\u201d principle, Canada\u2019s plan for used nuclear fuel is funded by the waste owners in Canada: Ontario Power Generation (OPG), New Brunswick Power (NBP), Hydro-Qu\u00e9bec (HQ) and Atomic Energy of Canada Limited (AECL). The Nuclear Fuel Waste Act<\/em> requires each of these four companies to establish independently managed trust funds and make annual deposits to ensure the money to fund this project will be available when needed.<\/p>\n Each company pays into the trust fund based on the number of fuel bundles it has and continues to create. The amounts cover estimated fixed costs for the NWMO to construct, operate, monitor and decommission a deep geological repository, as well as variable costs associated with managing each fuel bundle. This process is designed to ensure Canada\u2019s plan is funded over the long term.<\/p>\n