The broad coalition of labor unions, state public service commissioners, clean energy organizations, and energy trade associations told U.S. House and Senate leaders in a December 4, 2018 letter: “It is time for the federal government to meet its statutory and contractual obligations. Utilities and their electricity customers have done their part.”
The letter notes that the Nuclear Waste Fund—a U.S. Treasury account collected via a fee charged to electric ratepayers over 30 years—today holds a balance of more than $40 billion. The fund is mostly unused, owing to paralysis of the Yucca Mountain project, and it continues to accumulate interest of about $1.7 billion a year from investments in Treasury securities.
About $7.4 billion in damages have now also been paid out from the Treasury’s Judgment Fund to utilities, which have filed lawsuits against the Department of Energy (DOE) since 2000, seeking compensation for defaulting on a standard contract and missing the deadline to begin disposing of highly radioactive spent nuclear fuel as required by the Nuclear Waste Policy Act of 1982. To date, 40 suits have been settled and an additional 57 cases have been resolved, a November 2018 special report from the DOE’s Office of Inspector General noted.
The coalition includes major industry trade groups the Nuclear Energy Institute (NEI), the American Public Power Association, the National Rural Electric Cooperative Association, and the Edison Electric Institute—along with the National Association of Regulatory Utility Commissioners, which is a group of state regulators….According to the NEI, the inventory of used fuel in temporary storage at 75 reactor sites scattered across 33 states has now grown to more than 80,000 metric tons.
Exceprts from Sonal Patel, Industry Groups to Congress: Inaction on Nuclear Waste Not an Option, Power Magazine, Dec. 6, 2018