The Lindberg Report Podcast: Yucca Mountain Failure a Windfall for Nuclear Utilities

Max Lindberg — Wed, 20 Feb 2008 09:50:51 +0000

I was reading some recent headlines about Yucca Mountain, claiming the federal government will face heavy penalties and judgments if the project isn’t finished. Read beyond the headlines my friends, “we” fund the government, the money comes from our pockets, and it isn’t chicken feed.

The latest estimates are, that if Yucca Mountain isn’t finished until 2017, “we” will owe the utilities an estimated $7 billion in penalties, provided by law, because the repository isn’t finished. Bump completion time up another 3 years, and the bill goes up to about $11 billion.

The Lindberg Report Podcast: Massive Layoffs Due at Yucca Mountain

Max Lindberg — Thu, 17 Jan 2008 08:02:48 +0000

Amid increased activity signaling a possible resurgence of interest in nuclear power facilities, comes word from Nevada that isn’t at all surprising.

Ward Sproat, shown in the Las Vegas Review-Journal photo at the left, is director of the Department of Energy’s Office of Civilian Radioactive Waste Management, and announced Tuesday that Yucca Mountain in Nevada is still a long way from receiving any spent nuclear fuel. Sproat told Nevada’s Legislative Committee on High-Level Nuclear Waste, that lack of funding will result in significant worker layoffs at the facility. He is quoted as saying, “They’re going to come in waves”.

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Green Options » high-level nuclear waste

The Lindberg Report Podcast: Yucca Mountain Failure a Windfall for Nuclear Utilities

The Lindberg Report Podcast: Massive Layoffs Due at Yucca Mountain