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Decommissioning Costs

Decommissioning costs - the funds needed when a reactor is shut down and the site needs to be dismantled, removed and cleaned up - are sky-rocketing. Worse, many utilities have invested these funds in the now troubled stockmarket, meaning decommissioning funds may not be available when needed.

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Saturday
Nov262011

Ontario Hydro simply failed to set aside any mandated decommissioning funds!

This excerpt is taken from Pat McNamara's Nuclear Genocide in Canada, Part 4, "Nuclear Costs to Date," in a section about "Cost Overruns from Reactor Construction":

"The public was in for one more shock before the dust settled on Ontario Hydro. The utility was mandated to set aside a portion of their revenue from the time the reactors were built in order to decommission them when they were shut down. It was revealed that the utility had put the funds directly into general revenue instead; there was no money set aside for decommissioning. It is unclear at this time whether this will become the responsibility of Ontario taxpayers or if the pain will be shared by all Canadians." (emphasis added)

What's truly shocking about this is the fact that this applies to 20 atomic reactors in Ontario. Thus, Ontario provincial and/or Canadian federal taxpayers will be looked to for likely tens of billions of dollars in decommissioning costs over time, simply because the nuclear utility did not set aside the funds, as mandated.

McNamara goes on regarding decommissioning:

The Canadian taxpayer will also be responsible for most of the costs of decommissioning the reactors and other nuclear facilities. There are no Canadian cost estimates available but the British Government's National Audit Office released a report on January 30, 2008 stating it will cost 73 billion pounds ($140 billion Cdn.) to decommission Britain's reactors and nuclear sites. Canada has a similar number of reactors and contaminated sites.


Taxpayers will have to foot the bill to remediate the abandoned uranium mines in Canada whose owners simply walked away. Many other mines simply dumped their radioactive tailings in the closest lake. These radioactive tailings ponds are contaminating downstream environments. In most cases, the tailings ponds are contained with simple earthen dams. There have been more than 30 breaches of the earthen dams at Elliot Lake since they were first put in place."

Wednesday
Aug252010

$1 billion to dismantle nuclear power plant

Exelon Corp. announced Monday it has reached agreement on a $1 billion, 10-year project to dismantle the shuttered Zion nuclear power plant. Used nuclear fuel will remain on site indefinitely under the plan. NewsSunOnline.

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