Sunday, February 17, 2008

Real Nuclear Waste

"As Nuclear Waste Languishes, Expense to U.S. Rises"

"Forgotten but not gone, the waste from more than 100 nuclear reactors that the federal government was supposed to start accepting for burial 10 years ago is still at the reactor sites, at least 20 years behind schedule. But it is making itself felt in the federal budget .

With court orders and settlements, the federal government has already paid the utilities $342 million, but is virtually certain to pay a total of at least $7 billion in the next few years and probably over $11 billion, government officials said. The industry said the total could reach $35 billion.

The payments come from an obscure and poorly understood government account that requires no new Congressional appropriations, and will balloon in size, experts said....

And they want to license MORE nuke plants?

Couldn't use that money for something else, like health care or education?

“The rate-payer has paid for it,” said Michael Bauser, the associate general counsel of the Nuclear Energy Institute, the industry’s trade group. “The Department of Energy hasn’t done it, and now the taxpayer is paying for it a second time.”

Initially, the Energy Department tried to pay the damages out of the Nuclear Waste Fund, the money collected from the nuclear utilities, plus interest, which comes to about $30 billion. But other utilities sued, saying that if the government did that, there might not be enough money left for the intended purpose, building a repository. So the government now pays the damages out of general revenues....

Each reactor typically creates about 20 tons of waste a year, which is approximately two new casks, at roughly $1 million each...

The government has spent $11 billion on Yucca Mountain, Mr. Sproat said. The project has dragged on so long that some of the research data is stored on obsolete computers that must be replaced, program officials said."

YOUR TAX DOLLARS at WORK, readers!

You happy?