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Escalating costs of closing down old nuclear plants

Entergy Units Short of Money to Close Nuke Plants  2  Entergy units short of having enough money to eventually close nuclear plants

abc BEWS/Money By ALAN SAYRE AP Business Writer
NEW ORLEANS January 6, 2010 (AP)
Two Louisiana power utilities owned by Entergy Corp. are short $235.5 million for the projected costs of eventually closing two nuclear generating plants — and the power provider wants slight increases in customer rates to close the gap.

According to a Tuesday filing with the Louisiana Public Service Commission, Entergy Louisiana said it needs an additional $68.2 million to meet the federal Nuclear Regulatory Commission’s demand for a $400.2 million decommissioning fund for the Waterford 3 plant at Taft.

Entergy Gulf States Louisiana said it needs an additional $167.3 million for an NRC-required fund of $378.8 million for the eventual closing of the River Bend nuclear plant at St. Francisville.

That utility owns 70 percent of River Bend.

The filing requests that Entergy Louisiana customers pay $10.3 million toward the Waterford fund annually, up from the current $2.2 million. Entergy Gulf States Louisiana customers, who don’t currently contribute to the decommissioning fund, would pay $9.67 million a year.

Entergy Units Short of Money to Close Nuke Plants – ABC News

January 7, 2010 - Posted by Christina Macpherson | business and costs, USA | antinuclear, nuclear, nuclear costs