House Democrats and Republicans want to know more about the costs to states for changing the national plan for nuclear waste storage.
The U.S. House Budget Committee chaired by 5th District Congressman John Spratt held a hearing Tuesday on the budgetary implications of terminating the Yucca Mountain nuclear storage facility approved by Congress in 1982.
The federal government is more than 10 years behind schedule in its contractual obligations to remove and dispose of such waste, and the government has so far paid nuclear utilities $760 million in compensation because of its failure to meet that schedule. Department of Energy (DOE) currently estimates that liabilities to electric utilities for such damages will still total more than $13 billion if the department begins to accept nuclear waste by 2020.
Testifying before the committee, Deputy Assistant Attorney General Michael Hertz said several more breach of contract cases are still under review by the courts, and one of them originates from Aiken County, South Carolina. Hertz says the monies paid out must not come from the fees the government is collecting from utilities to permanently store the waste, but from a separate judgement fund, according to a 2002 ruling by the 11th Circuit Court of Appeals. A judgment fund, held by the U.S. Treasury, is available for court judgments and Justice Department compromise settlements of actual or imminent lawsuits against the government. [Read more...]






