nuclear-news

UK greatly underestimated nuclear decommissioning costs

 Public Accounts Committee – Thirty-Seventh Report  HM Treasury: Whole of Government Accounts 2010-11 HM Treasury: Whole of Government Accounts 2010-11 – Public Accounts Committee Contents
http://www.publications.parliament.uk/pa/cm201213/cmselect/cmpubacc/867/86706.htm
11 April 2013   “…… The C&AG’s report on the 2010-11 WGA shows the Nuclear Decommissioning Authority’s estimated cost of civil nuclear decommissioning increased by around £16 billion to £53 billion between 2007 and 2011. We asked the Treasury how the WGA would be used to influence any decision made in relation to future investments in the nuclear sector. The Treasury acknowledged that not considering these costs when the power stations were built had been a mistake, and considered that the critical issue was to factor in these costs in future, so that the taxpayer would not be burdened with unexpected additional costs of £60 billion.[   http://uk.groups.yahoo.com/group/Claverton/message/10673

April 12, 2013 - Posted by Christina Macpherson | business and costs, Reference, UK