
Oops. Sorry. Wrong plant. Wrong rodent.
Amen,
Fake-Rob

Spiritual Musings of Vermont Yankee's PR Guy
Assuring that only the "minimum decommissioning costs" are escrowed ignores the historical fact that the there have been significant cost overages, including a half a billion dollar shortfall at Connecticut Yankee (CY). Focusing on the "minimum" cost defers the true cost over to generations of citizens who did not use the power generated by the plant but are trapped with the cost after the plant is shutdown. The $480 Million shortfall by CY was unfairly borne by Connecticut's ratepayers after significant electrical generation profits were paid to the corporation and its stockholders.
While some of the NRC licensees are corporations with assets beyond the nuclear plant, some are Limited Liability Corporations (LLC's) with no assets beyond the licensee's single power plant. When one of these so-called "merchant" plants that are LLC's face a decommissioning shortfall, there are no other assets to pay for the true decommissioning cost of the facility. Vermont Yankee currently faces a $500 Million shortfall above the NRC formula. Entergy continues to attempt to shield VY behind a LLC so that there appears to be no way for these costs to be recovered from the LLC. As the NRC approved plan stands now, these additional $500 Million in costs will ultimately be borne by the citizens of the State of Vermont up to sixty years after the plant stops generating electricity.
By ignoring such major concerns in its proposed regulations the NRC policy is analogous to rearranging the deck chairs on the Titanic. It seems to me that the NRC has made only minor adjustments to its proposed regulations as discussed today. I believe that in the long term, these minor changes to the current regulations will be detrimental to the public as it is the residents of each state that will ultimately be forced to absorb additional decommissioning costs for years after final shutdown. The goal of Decommissioning funding should be that those people who use the power from the nuclear plant will pay to clean it up. The existing NRC system, even as discussed in today's meeting, will continue to kick the can down the road, so to speak, so that these costs will be a huge burden upon future generations.
Little Johnny wakes up on Christmas morning, runs downstairs and is greeted by his parents and hundreds of presents under the tree.
"Oh Wow!" cries Little Johnny as he starts tearing away at all the wrapping paper. Little Johnny is so excited as he opens the presents. He has a brand new BMX, a skateboard, a playstation, a brand new PC, a scooter, a climbing frame - everything a little boy would want.
When he finishes opening all the presents, Little Johnny asks his parents if he can go round to Little Timmy's house to tell him about all the wonderful presents he got.
"Of course you can Little Johnny, off you go, but be back before dinner!"
So off Little Johnny goes, and gets to Little Timmy's house.
"Oh Timmy! This is the best christmas EVER! I got a playstation, a BMX, a new computer - everything i could ever want!!"
"Oh your so lucky", replies Little Timmy, "I wish I had cancer."
Q: How many kids with cancer does it take to change a light bulb?
A: They can't. They're too weak to climb the ladder.