As reported by the Capistrano Dispatch:
'...Victor Dricks, spokesman for the Nuclear Regulatory Commission Region IV, which regulates SONGS, said the NRC will continue its oversight of the plant but determination of the impact the announcement will have on existing investigations and licensing actions will have to wait until Edison submits its decommissioning plan.
“The NRC is aware of Southern California Edison’s plans, but the agency is awaiting formal notification of the utility’s actions,” Dricks said. “Once Southern California Edison formally notifies the NRC that it has permanently removed all fuel from the San Onofre reactor cores, the NRC will use its existing processes to move San Onofre to the agency’s decommissioning oversight structure.”
In a conference call with reporters early Friday, Craver said the plant’s closure would be a “multi-decades long process,” cost billions, result in the layoff of hundreds and leave spent nuclear fuel in dry-storage at the plant’s existing sight for years to come.
According to Craver, the company has a $2.7 billion decommissioning fund, after taxes, to handle costs associated with the closure. The fund, he said, should cover 90 percent of expected expenses...'