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based on estimates of costs of steady state operations to be
achieved after campletion of the ¢xpancion program, There~
fore, since actual costs might be less, he said that approval
of AMC 835/2 should not be regarded as a precedent for the
use of the 1955 price schedule in ali subsequent calculations
regarding the aliocation of U-235 fer power reactors,
Mr, Murray remarked that he hoped that in about five years
the fuel demands of private industry could largely be met commercially.
Mr, Libby asked whether the 104 license would be converted
to a 103 license if the reactor became practical. Mr. Mitchell
said that the Comraission would not need to revise a license which
had been issued,
Mr, Murray said he believed that the Commissien should
establish a policy recognizing 4©C’s responsibility for the safe,
efficient operation of ail reactors, and that funds should he
requested, in accordance with this policy, to conduct reacter
experiments supplementing and paralleling those of private
industry.
Mr, Libby said he agreed that AEC should undertake such
pregrams and added that he believed it should extend to the
foreign reactor projects which ARC is supporting. He observed
that since AEC will supply fuel as well as technology for these
reactors, AEC has a responsibility for their proper operation even
if it had not participated in the project financially.
After further discussion, Commissioners Libby and Murray
indicated that they approved the recommendation of AEC 835/2 and
suggested that the General Manager proceed with this action.
Mr, Libby said that Mr. Strauss had indicated that he approved the
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recommendation of ANC 835/2,