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 Commission application for a waste-storage facility although it sounds like they are a little unsure about how to do that. Reportedly, more than $38 billion has been spend on research and construction at the site over the last couple decades. According to ENR, the temporary storage costs of storing spent nuclear fuel could reach $10 to $26 billion in the next 100 years if a permanent storage site is not found. It looks like we will be dealing with indefinite “temporary” storage of nuclear waste for probably our lifetime.
The Center for Yucca Facts has presented a letter to the chairman of the Spending and Government Efficiency Commission (SAGE) of the State of Nevada recommending that an objective look at the proposed Yucca Mountain Nuclear Waste Repository might show that it provides a solution to Nevada’s budgetary dilemmas. More after the break.
More problems for the US Department of Energy related to the Yucca Mountain Nuclear Waste Repository. The New York Times is reporting that the DOE is already 10 years behind in a commitment made to Power Companies to store their nuclear waste, and according to the DOE, it will likely be at least another 10 years before they are able to begin accepting waste for permanent storage. Who cares you ask? Well, the US has already payed out $342 million in 60 lawsuits filed by utility companies, and that total could reach $11 billion according to government estimates or $35 billion according to industry estimates before Yucca Mountain finaly opens and begins accepting waste. Source: New York Times by way of Ontario-geofish.
Details are starting to solidify related to the construction-related spending in the Economic Stimulus Package. According to ENR.com, the total estimated construction-related spending is around $131 billion. They have a very nice breakdown of the spending, sector by sector (updated 2/13). Read on for the highlights. (Photo by SP8254)