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« The White House's Climate Assessment Heats Up The Discussion About Nuclear Power | Main | Six powers, Iran enter crunch phase of nuclear diplomacy »
Thursday
May152014

Tiny nuclear waste fee added up to billions

A charge for electricity that millions of Americans didn't even know they pay will suddenly disappear Friday, after the Energy Department this week quietly notified utilities across the country that it was suspending its fees for a future nuclear waste dump.

The Energy Department has been collecting $750 million from electricity bills every year for such a dump since 1983, putting it into a trust fund that now contains $31 billion.

The court-ordered suspension may be a modest victory for consumers, but it reflects the government's failure over the last 40 years to get rid of what is now nearly 70,000 metric tons of highly radioactive spent fuel, accumulating at 100 nuclear reactors across the nation.


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The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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