RW Monitor
8/22/2014
IN THE INDUSTRY
U.S. Ecology appointed Katina Dorton to its Board of Directors, the company announced this week. Dorton has 20 years of investment banking experience, and she currently serves as a partner at Corise Co., a merchant and banking advisory firm. “We are pleased to have Katina join our Board,” U.S. Ecology Board Chairman Stephen Romano said in a statement. “Her board experience advising public and private companies in securities law, corporate governance, investment banking, investor relations, regulatory disclosure and accounting will be a valuable addition to our growing organization.”
IN THE NRC
The NRC Staff recommended this week that the Nuclear Regulatory Commission move forward with a Memorandum of Understanding with the Department of Defense to clarify the Commission’s role in regulating the DOD’s radium remediation efforts. Back in 2011, the Staff prepared a guidance document to settle regulatory problems with the DOD’s use of radium, but the DOD opposed the licensing solution the document would establish. The DOD planned perform the remediation under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), but the problem arose about following the NRC’s decommissioning strategies for the remediated material, creating a situation of dual-regulations. So to alleviate the DOD’s concerns about licensing, the NRC Staff recommended a MOU that would enable flexibility in the NRC’s involvement. “The staff recommends proceeding with the MOU option because it is the most practical way to ensure that the NRC remains informed and involved in the remediation of radioactive materials while simultaneously avoiding prolonged, resource intensive challenges from DoD,” the staff wrote in a SECY paper. “However, the staff recommends periodically evaluating the effectiveness of the MOU, particularly for dispute resolution, and taking appropriate actions, including regulatory actions, if the MOU is found to be ineffective.”
