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Power The Almighty Buck

Vermont Nuclear Plant Seeks Decommission But Lacks Funds 179

mdsolar (1045926) writes with this bit of news about the Vermont Yankee Nuclear Plant shutdown. From the article: "On Friday, the Vermont Public Service Board voted to authorize Entergy Nuclear Operations, Inc., the operators of the Vermont Yankee electricity generating station ..., to close down their nuclear power plant by the end of this year. Because Entergy planned to shut the Vermont nuclear plant down prior to its licensed end-term, the board was required to approve the shutdown....

Entergy has reserved just over $600 million to date for decommissioning the Vermont nuclear plant, according to the Department of Public Service. This amount will not be adequate to meet the costs of full deconstruction, estimated at more than $1 billion according to the company's 2012 Decommissioning Cost Analysis report."
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Vermont Nuclear Plant Seeks Decommission But Lacks Funds

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  • by n1ywb ( 555767 ) on Wednesday April 02, 2014 @09:55AM (#46638605) Homepage Journal
    Entergy is shutting it down because it's unprofitable. It's purely by choice. The state's efforts to shut it down were thrown out in court.
  • by Rambo Tribble ( 1273454 ) on Wednesday April 02, 2014 @10:49AM (#46639169) Homepage
    It's still the Sun, providing reliable, local service for over 4 billion years.
  • by Geoffrey.landis ( 926948 ) on Wednesday April 02, 2014 @10:58AM (#46639269) Homepage

    Neither to the extent, nor in the manner of nuclear. Other industries get tax breaks, free use of government research, etc.

    It's worth pointing out that nuclear power actually gets a negative subsidy. They have been charged a fee for nuclear waste disposal... but the nuclear waste disposal program was cancelled, and there is no replacement plan.

    The fee was suspended by court order last November... but the money collected has not been refunded. []

  • by mellon ( 7048 ) on Wednesday April 02, 2014 @11:14AM (#46639423) Homepage

    Um. The plant was originally licensed to operate for 40 years. It is falling apart. Literally: a few years back one of the cooling towers collapsed. Buried pipes are leaking, and nobody knows where the pipes are or where the leaks are. Sources for backup power have dried up because the providers don't want to be held liable in the event of an accident. The idea of extending its operating permit for another 20 years was incredibly irresponsible. The State of Vermont refused to certify its continued operation, but the courts overrode the state.

    It is bloody unfortunate that the low cost of shale oil is what finally did the plant in, but closing it is the right move. The only decent alternative would be an extremely costly remodel, which would not likely be cheaper than closing it and building a new one with better technology. The alternative Entergy wanted was to keep running it, and damn the safety concerns, because they wouldn't have to pay if it failed catastrophically anyway.

  • by AmiMoJo ( 196126 ) * <mojo@wo[ ] ['rld' in gap]> on Wednesday April 02, 2014 @01:42PM (#46641049) Homepage Journal

    Bananas are not good units to use because the potassium they contain is not very dangerous to humans. The body maintains a fairly constant level no matter how many you eat, passing the excess out.

    Compare that to what is being released from, say, Fukushima. It bio-accumulates and ends up sitting inside your organs for decades, slowly irradiating them. Although the radiation level is low it is also constant, which is why your risk of getting cancer goes up.

    People who use the banana equivalent dose don't seem to understand this rather basic and crucial fact. It's also why you don't hear experts on the subject using it.

Bell Labs Unix -- Reach out and grep someone.