10 C.F.R. § 950.28 Payment of covered costs.
Title 10 - Energy
(a) General. The Department shall pay to a sponsor the appropriate covered costs due the sponsor, provided that there are no disputes between the sponsor and the Department. Payment shall be made in such installments and on such conditions as the Department determines appropriate. Any overpayments by the Department of the covered costs shall be offset from future payments to the sponsor or returned by the sponsor to the Department within forty-five (45) days. If there is a dispute, then the Department shall pay the undisputed costs and defer payment of the disputed portion upon resolution of the dispute in accordance with the procedures in subpart D of this part. If the covered costs include principal or interest owed on a loan made or guaranteed by a Federal agency, the Department shall instead pay that Federal agency the covered costs, rather than the sponsor. (b) Timing of payment. The sponsor may receive payment of covered costs when: (1) The Department has approved payment of the covered cost as specified in this subpart; and (2) The sponsor has incurred and is obligated to pay the costs for which payment is requested. (c) Payment process. The covered costs shall be paid to the sponsor designated on the Certification of Covered Costs required by §950.23. A sponsor that requests payment of the covered costs must receive payment through electronic funds transfer.
Title 10: Energy
PART 950—STANDBY SUPPORT FOR CERTAIN NUCLEAR PLANT DELAYS
Subpart C—Claims Administration Process
§ 950.28 Payment of covered costs.
