06 May '12, 10pm

Government isn't good at calculating the cost to tear down old #nuke plants, GAO says.

Suzanne DeChillo/The New York Times Auditors found that the government’s cost estimate for decommissioning the Indian Point 3 reactor, right, in Buchanan, N.Y., was just 57 percent of the owner’s projection. The government does a poor job of estimating what it will cost to tear down a nuclear reactor, Congressional auditors say, and it may not be overseeing plant owners well enough to assure that they set aside enough money to do the job. For a study it plans to issue on Monday, the Government Accountability Office scrutinized 12 of the nation’s 104 power reactors and found that for 5 of them, the decommissioning cost calculated by the Nuclear Regulatory Commission was 76 percent or less of what the reactor’s owner thought would be needed. The most striking example was Indian Point 3 in Buchanan, N.Y., which could be forced to close by 2015 because of a licensing dispute ....

Full article: http://green.blogs.nytimes.com/2012/05/06/n-r-c-falls-sho...

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