Thanks to Harold at the Ontario-geofish blog, I came accross this AP article that releases the first Yucca Mountain nuclear waste repository cost estimate update since 2001. The US DOE now puts the cost of the facility at $90 billion, up $32 billion from that 2001 estimate. Of course that estimate is slightly deceptive. It covers the $9 billion already spent and 100 years of operation. Perhaps the bigger issue is funding has not been secured largely in part to the efforts of Senate Majority Leader Harry Reid (Democrat-NV). If a steady stream of money can be secured, the best case scenario for the facility is a 2020 opening.
It’s been evident for a while that Yucca Mountain was history after it was announced that it’s funding was eliminated by President Obama. ENR is reporting that the USDOE is officially withdrawing its Nuclear Regulatory […]