Power Companies Sue To Stop Annual Nuclear Waste Fees
March 09 2011 - 12:13PM
Dow Jones News
More than a dozen power companies are suing the Energy
Department to try to suspend fees they pay the government for
nuclear waste storage, joining utility commissioners in a legal
fight over the annual charges.
The Nuclear Energy Institute and 16 companies, including NextEra
Energy Resources LLC (NEE) and Public Service Enterprise Group Inc.
(PEG), are trying to suspend the fees after the Obama
administration scrapped plans for a nuclear waste site at Yucca
Mountain, Nev., and dismantled government operations that had been
working on the project.
The administration has since launched a commission to identify
other storage sites or methods.
The Nuclear Energy Institute and the companies say the Energy
Department should not collect the fees - totaling about $750
million in 2010 - until it justifies the need for them in the wake
of its decision to abandon Yucca Mountain.
A similar lawsuit was filed Monday by the National Association
of Regulatory Utility Commissioners.
A 1982 law established the nuclear waste fund fees. The law said
the federal government should be responsible for collecting
radioactive waste, but required the nuclear power industry to pay
for the service.
Since then, nuclear power companies and their consumers have
contributed about $31 billion to the government, including
interest, NARUC says. The federal government has not yet developed
a way to store the waste.
Energy Department officials say they need to continue collecting
the fees because they'll eventually develop a long-term storage
solution. And when they do, it's likely to be expensive.
--By Tennille Tracy, Dow Jones Newswires; 202-862-6619; tennille.tracy@dowjones.com
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