US nuclear industry’s plan thanks to NRC: let taxpayers carry the can for closed power plants, Ecologist Linda Pentz Gunter13th May 2016 With five reactors closed in the last three years, the US nuclear industry is in shutdown mode, writes Linda Pentz Gunter – and that means big spending on decommissioning. But now the nuclear regulator is set to exempt owners from safety and emergency costs at their closed plants – allowing them to walk away from the costs and liabilities, and palm them onto taxpayers.
Aging and dangerous nuclear power plants are closing. This should be cause for celebration. We will all be safer now, right? Well, not exactly.
US nuclear power plant owners are currently pouring resources into efforts to circumvent the already virtually non-existent regulations for the dismantlement and decommissioning of permanently closed nuclear reactors.
And sad to say, many on the US Nuclear Regulatory Commission (NRC), the industry’s ever compliant lapdog, are trotting happily by their side.
There is an occasional lone critic. NRC Commissioner Jeff Baran, observed that the“NRC does not currently have regulations specifically tailored for this transition from operations to decommissioning. As a result, licensees with reactors transitioning to decommissioning routinely seek exemptions from many of the regulations applicable to operating reactors.”
The inevitable result is that reactor owners will successfully avoid spending money now on decommissioning as they seek to delay beginning the actual cleanup work for the next half century and maybe longer. Later, when it comes time to finish the job, the owners – and the money – could well be long gone.
US reactor owners rely on ‘decommissioning trust fund’ investments to pay for decommissioning activities. But these are failing to accrue adequate funds to do the job. Many of the trusts are incurring annual losses on their investments.
In fact, the US Government Accountability Office (GAO) has found the NRC’s financing formula for decommissioning trust funds to be fundamentally flawed, resulting in the utilities ability to accrue only 57% to 75% of the needed funds……..http://www.theecologist.org/News/news_analysis/2987679/us_nuclear_industrys_plan_thanks_to_nrc_let_taxpayers_carry_the_can_for_closed_power_plants.html
