Show Lists Proposed Policies s to Assist Industry Use of Enriched Uranium w rp Th The A A- A 1 Commission l n nh h ha listed a number lumber of pro pro- policies on the future tu re supply SUPplY y Pt pf uranium um assist assist as as- list Industry In planning for forthe forthe forthe the growing groping use Of of enriched d uranium In 11 nuclear power reactors during transition 11 to private Ip of pu nuclear ear fuels This pas Va vas announced Monday l Mon lon Monday on- on day fry by y Senator F. F Bennett S S Utah a 11 Pem member er of t e Joint Committee on Atomic En Energy W which h n. n ably will hold hod hearings next month on the A AF ABCs Cs s uran uran- uranI I turp enriching services cri crl rl- rl tens teria The Utahn nn said that t the the significant objectives of the proposed policies Included II tho the establishment of toll enrichment en en- as the preferred means mems for obtaining ep ep- d pr plum from the j ARC ARC- C. C Another r major ob ob- lf I n y e of the he rapid expansion pt pf t the e nuclear power Indu Industry trY is the proVision pro pro- vl Vision of ot In for far In Industry In In- to 0 undertake e t the tho o development de de- of the necessary uranium ore oro and production to supply supply sup sup- ply the growing civilian lv requirements re re- nt for na natural r l u uranIum u- u These actions also are Intended ed to reduce t the e ex- ex teat fent of involvement Inthe jn Sn the he nuclear met fuel cycle of power ewer reactors Senator said The tact fact that the committee committee committee com com- plans to hold haIr hearings bearings hear bear ings logs will give the Industry pon an opportunity to comment pa the new policies so that thata a well rounded opinion can be determined he said Senator Bennett explain explain- exPlain I ed that under the Hio Private O qt gf Special Nuclear Nu Nu- cle clear r r Materials Act of t 1964 61 th the AJ Alq AEO Is s bed authorized to enter Into long sery lIery service ice ee contracts for the enrichment enrich enrich- merit ment of privately owned 1 uranium in the fissionable Isotope of U The Act I also aillo authorizes s to o distribute distribute distribute dis dis- tribute enriched uranium by y l to power yer reactor operators for power react react- pr use after December D cember 31 1970 lOJO The act also specifies sped ties tics that any ony sue sue material previously lr acquired by reactor render re re- reactor actor op operators under lease leas may not pot remain on on n lease after June 30 30 1973 Highlights of the proposed proposed pro pro- posed new policies nr are 1 1 TIe The natural component pf the EC schedule of char charges es for lease case and sale of enriched ched uranium will c continue to be c based upon pon II a aprice a aprice price of 8 per pound oj IPOS at t lea lead through Jun June 1973 97 2 2 Except where provisions for term long sales sale agreements agreements agree agree- agree ments are made in in Agree Agreements Agreements gre I ments for lor with foreign nations any sales of 01 ed ur uranium will be on the basis of single transactions A further exception ex ex- r li be made made in the c case se of distributions to domestic do do- customers c of enriched enrich e e ed i uranium to be u N NIn in ina a rl ar h and development l v pro program raP Mn production production tion don of U U when lease e Is no hot J t I available bJ and during the period when a a guaranteed guaranteed purchase p. price is in Iq fl t for for y U 23 In Iq Agreements for n providing for Supply H pf enriched ed pran pran- Ira vl tots ching the wil will al also o agree Jo 9 fur- fur nich for an an appropriate ate gorge charge the p h tu tural fox for r a to toil toU enrichment tra transaction trans s- s action w where t foreign 11 par party y has ilS determined that h t the fI ral jl pran- pran iun i is not reasonably y avail available Y JI- JI able tp to hm Nm r I 3 3 Beginning Ja January 1 1971 1071 enriched uranium on lease maybe may be ire converted to private Ip by a mechanism called In situ toll enriching under which the lessee would furnish to the AE AEO J specified amounts of uranium feed and dollars dollars dol dol- lars and would thereby acquire ac ac- quire ownership of the leas ed material I d 4 I. I Tl The e transition to sq ownership of ot alt all material held hed or being by licensees for lor power reactor use will wilt be e accomplished by y terminating d r MIons M- M Ions of such material by ease on Dec 31 J J LI IJ outstanding leases leases lea lea- ses es for such material on June Jun 30 1973 1913 Th These se pre pro the same dates which Ir arc arp al already ready applicable under the tha Act to distribution of pf w such suph lf matter to power reactor oper However J EC wilt will on a case by case basis con consider consider con con- sider cider requests ss by y fabricators for deterred deferred payment of enriching en en enriching service charges o on toll enriched material at atan atan atan an interest charge on tho the unpaid balance equal tp to th the then current current use charge rate during a fabrication period of up to one year 5 is unable uMble at this time to specify quantitative criteria on on tiUi I disposition f of ot of ABCs ABC's available Jle uranium feed foed Hn w r. r EG floes le lenot not plan to o sell sou Its available this can be bo lope dopa I in I a m manner that will not damage the domestic Industry It is expected ex that orice once the In In attains tho the will be on 01 ap appropriate sharing of the tho market growth the point of ot viability 1 |