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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.