Decommissioning Bond
What is a Decommissioning Bond?
A Decommissioning Bond is a type of Commercial bond that ensures that companies properly decommission industrial or energy-producing facilities, such as nuclear power plants, oil platforms, or wind turbines, in accordance with state and federal regulations.
Protects the environment and public interests from damage caused by improper decommissioning of facilities.
Required by state and federal governments for companies involved in the operation of such facilities to ensure responsible decommissioning.
Applicant’s personal or business information, credit history, bond amount, and facility details.
Based on credit history, facility size, and bond amount, usually 1-5% of the bond amount.
