NRC Misses Mark On Nuke Shutdown Funds, GAO Says

Law360, New York (May 7, 2012, 5:01 PM EDT) -- The U.S. Nuclear Regulatory Commission may be frequently underestimating the cost of decommissioning nuclear reactors, sometimes differing with reactor owners’ estimates by hundreds of millions of dollars, according to a federal audit released Monday.

The NRC may also lack controls to ensure reactor owners comply with investment standards for decommissioning funds and set aside enough money to pay to take expiring reactors offline, the U.S. Government Accountability Office found.

The report came at the request of Rep. Ed Markey, D-Mass., who asked the GAO to look...
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