The objective of this report is to describe the regulatory processes that assures that any plant-specific licensing bases will provide reasonable assurance that the operation of nuclear power plants will not be inimical to the public health and safety to the end of the renewal period. It is on the adequacy of this process that the Commission has determined that a formal renewal licensing review against the full range of current safety requirements would not add significantly to safety and is not needed to assure that continued operation throughout the renewal term is not inimical to the public health and safety or common defense and security.