Cheap nuclear power is faulty accounting

Please read article, cited after the quote. Articles open in a new window.

Alberta Lea Tribune John E. Gibson, January 10, 2009Your utility bills have carried a surcharge of $27 billion for nuclear power. The Nuclear Waste Policy Act of 1982 required nuclear power providers to contribute to the Nuclear Waste Fund, which funds were to build a Nuclear Waste Repository by 1998. This repository is yet to open, leaving our government open to lawsuits. Our government has spend $94 million defending itself against breach of contract resulting in a $420 million judgment for the plaintiffs.

Outstanding liabilities are in the billions. Should the repository at Yucca Mountain become operational it could hold existing and future wastes from the nukes already built. Yucca Mountain could not hold the wastes from an expanded nuclear power industry. Wait! That’s not all folks!

A railroad connection must be built to transport the wastes to the repository. Who will pay for that? How will the wastes be secured in transit? Who will pay for that?

http://nuclear-news.net/2009/01/12/cheap-nuclear-power-is-faulty-accounting/

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