Functional Age definition
Functional Age means an amount of time meant to represent the remaining operating life of the Unit, stated as a percentage of the maximum license life of the Unit, as determined by dividing the number of years remaining on the Unit’s operating life as of the Date of the Accident by the maximum number of years of operation permitted for the Unit. For the purpose of this calculation only, the presumed maximum number of years of operation permitted shall be sixty
Functional Age means the remaining operating life of the Unit, stated as a percentage, as determined by dividing the number of years remaining on the Unit’s Operating License as of the date of Accident, including any extension of the License that has been approved by the NRC as of the date of Accident, by the maximum number of years of operation permitted under the Unit’s operating license issued by the NRC, including any extension of the License that has been approved by the NRC as of the date of the Accident. In the event that the date of the Accident is after a Unit has submitted its application for license renewal, but before the NRC has approved or disapproved the renewal request, the Functional Age for the Unit shall be no less than 25%.