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Funds Dwindle To Dismantle Old Nuclear Plants
Hugh Pickens writes "The Associated Press reports that the companies who own almost half the nation's nuclear reactors are not setting aside enough money to dismantle the reactors, so many plants may sit idle for decades, posing safety and security risks as a result. The shortfalls in funding have been caused by huge losses in the stock market that have devastated the companies' savings and by the soaring costs of decommissioning. Owners of 19 nuclear plants have won approval to idle their reactors for as long as 60 years, presumably enough time to allow investments to recover and eventually pay for dismantling the plants and removing radioactive material. But mothballing nuclear reactors or shutting them down inadequately presents the risk that radioactive waste could leak from abandoned plants into ground water or be released into the air, and spent nuclear fuel rods could be stolen by terrorists. The NRC has contacted 18 nuclear power plants to clarify how the companies will address the recent economic downturn's effects on funds to decommission reactors in the future, but some analysts worry the utility companies that own nuclear plants might not even exist in six decades."
http://en.wikipedia.org/wiki/Breeder_reactor
Of course; one should never let the truth stand in the way of their agenda...
Now this is probably true, but it applies to so many areas, I really can't fault nuclear power for the actions of a few companies.
Great Intellect...
Why don't nuclear reactors have to set aside the money before they're even allowed to build?
They did. They just set aside the money in the stock market.
If I have been able to see further than others, it is because I bought a pair of binoculars.
We really are not ready for this kind of power as mankind. Once we find a solution for the radioactive waste we will be. Till that time... there is always the sun..
I once tried to write a python script. Instead of doing what I wanted it crashed my computer. I've decided I'm not ready for the power of programming. Once I'm a good programmer, I might try writing code again.
If we give up nuclear power now we're never going to find a solution. With no nuclear reactors there isn't going to be any incentive. And that doesn't get into the definition of a solution. Yucca mountain and breeder reactors are both solutions, they just weren't acceptable solutions to people such as yourself.
Let's us be honest. You say not now but what that means is not ever.
Aside: I'd much rather live next to a nuclear plant than a coal fired one. If solar becomes economically viable that'd be great too.
Looks like the nuclear industry looked at the big bank "too big to fail" strategy and liked it. Why bother cleaning up the mess when they can just let the taxpayers pay for the clean-up.
As the article says, nuclear power plants keep dedicated funds for decomissioning those plants. These funds are in the stock market.
The stock market took a beating.
Greenpeace and other anti-nuke wackos found an opportunity to say idiotic things like:
It's like a sitting time bomb. The notion that you can just walk away from these sites and everything will be hunky-dory is just not true."
Speaking as someone who works at a nuclear power plant, uh, yeah, for various definitions of 'walk away', you can do just that.
If by walk away you mean:
1) Defuel the reactor, offload all fuel into the spent fuel pool.
2) Drain all primary systems of water and process it (A daily occurance at any plant anyway)
3) Maintain enough staffing to secure the facility and watch the THREE relatively small pumps and TWO heat exchangers required to keep the fuel safe until it can be safely stored in a dry cask.
4) Store the dry casks on site until Yucca opens, or they can be re-processed.
(While they will be guarded, these dry casks are not a significant security risk. Terrorists aren't running around with the heavy rigging equipment required to handle these casks, and they most certainly will never control any facility for the hours required to get any nuclear material.)
That's the nuclear definition of 'walk away.' We take our jobs much more seriously than Greenpeace clowns take anything. They're a professional agitation group who currently only exists to generate enough attention to collect enough funds to continue to exist.
You might have to keep some fans running in contaminated areas until they're cleaned up, but compared to actually operating a nuclear power plant, the safe long term shutdown of a plant requires minimal resources.
I love this part too:
Last week, British officials reported on a 2007 leak in a cooling tank at the decommissioned Sizewell-A nuclear plant. If the leak had not been promptly discovered, officials said, nuclear fuel rods could have caught fire and sent airborne radioactive waste along the English coast, harming plant operators or the public.
The job of the people there is to promptly discover these sorts of things. There are loud alarms available to help them with just that. It's not a lucky happenstance that the leak was promptly discovered.
What else?
Sixteen more are being reviewed, and the commission expects to receive 21 more applications in the next several years. To date, the NRC hasn't turned down any license extensions.
In case anyone was wondering, the reason the NRC hasn't turned down any license extension applications is two fold:
1) The standards the plants have to meet are published, and not a secret.
2) The NRC bills maybe $250 a man-hour for the thousands of hours required to review these applications.
No utility is going to pay the NRC millions of dollars to review their application unless they're sure they meet the published NRC standards.
and one more:
Plant operators appear to benefit from NRC rules that don't require them to set aside money to store old nuclear fuel...
because nuclear power plants pay ongoing fees to the federal government to dispose of spent nuclear fuel. $25 billion dollars have been paid so far pursuant to the Nuclear Waste Policy Act of 1982 and the federal government only has the Yucca Mountain debacle to show for it.
Alcohol, Tobacco and Firearms should be the name of a store, not a government agency.
It has less polution, but the polution is still radioactive.
I have shocking news for you: Your granite counter top is radioactive! OH NOES.
It has less change of a meltdown, but if that meltdown occurs, and it will, it's no difference from chernobyle, except this one wil be bigger.
Yeah. Because it's not like the Chernobyl disaster had anything to do with the design of the reactor (ignoring that even with that horrible design it took ridiculous amounts of human stupidity to make it happen since I'm assuming that's what you're assuming will always happen). It's not like you can design a reactor so that it can't meltdown, or can't meltdown in such a way that it explodes and blows its containment. It's not like the next and only other major nuclear accident was far smaller than Chernobyl. And it's not like we learned anything from that with regards to reactor design... For example self-regulating designs where the reactor getting too hot means the reaction will slow down. Nope, that doesn't exist.
No, no matter what, meltdowns are inevitable, and will be bigger than previous ones, because... why, again?
We really are not ready for this kind of power as mankind. Once we find a solution for the radioactive waste we will be.
Solution: Re-use it until it is no longer useful as a radioactive fuel of any kind, meaning it is no longer particularly radioactive and thus not a particular danger. Then stick it in the ground without having to worry about security or stability since it's neither useful nor particularly dangerous. Yes the half-life will be really long, but half-life is inversely proportional to radioactivity which is entirely the point.
So, I guess we're ready! Bring on the nuclear reactors!
Till that time... there is always the sun.
Yeah we're a long way from producing all our energy from the sun (directly anyway). I'm all for more of it, including solar-powered microwave satellites. Oh but wait, surely there's no way to design one such that it doesn't fry people on the ground in a swatch of destruction!
Still a shame someone flagged me as flamebait instead of discussing our different views. Cause flamebait i Was not.
Indeed that was an unfair mod, and they were almost certainly using it as a surrogate for "-1, uninformed paranoia" which doesn't exist for good reason.
The enemies of Democracy are
btw the statement quoted above is a lie. You are a liar, antirelic. Including the catastrophes in the accounting is precisely what nuclear proponents don't do (didn't you get the memo?) because of the obvious. Luckily for you and them, as it turns out, human life doesn't really have much value if its not yours.
You're a liar, Mr. AC, or just an ignorant retard, because you apparently have no clue how many people die mining coal. Not so many per year in a country like the U.S. (compared to how many in modern times for nuclear), but still thousands per year in China, which is how things were not that long ago even in the 1st World. Have more people died mining coal than have died as a result of nuclear power, even counting those killed intentionally by atomic bombs? Yes.
But yes, those human lives don't have much value since you had no clue they existed.
If you only count accidents, then the total deaths from nuclear power is less than a single year of coal mining in China, or just a few years of mining in the U.S. in the period when the nuclear disasters occurred. In the year Three Mile Island occured, the second worst accident ever, more people died mining in the U.S. than died from the incident. Yes that includes long-term health effects, which coal mining isn't very good for either if you didn't know.
It's not the greatest comparison ever, since ultimately what matters is modern safety standards in the country in question (the U.S. in this case). It is a true comparison though. And you'd still be very hard-pressed and hard-tarded to suggest that nuclear power is more dangerous than coal power today.
The enemies of Democracy are
Having grown in in Richland, WA, attended Richland High School (home of the Bombers), and worked in the nuclear fuel production industry, I find it alarming that so many people are hilariously ignorant about nuclear power. As a child I actually got to tour the Columbia Generating Station and put my hand in the secondary loop water as it fell down the cooling tower. Nuclear power generation is far safer than any of you have been lead to believe.
For those that choose to use the Hanford nuclear reservation as a point of argument against nuclear waste, well, you're half right. Almost all of the unfathomably dangerous substances located there are from nuclear WEAPON production.
For the energy needs of the current and future world, our two forseeable tools are nuclear power and hydro-electric. Nobody likes nuclear because of NIMBY syndrome. Nobody likes hydro-electric because it makes entire ecosystems disappear. Yeah, Eastern Washington has one of the largest dams in the nation as well. Coal, natural gas, and oil are only kept alive because economic powers far greater than you or I want to exhaust the supplies before they start splitting atoms.