N.U Must Pay For Decommissioning -Reply

["CLAUDE A. FLORY" <FLORYCA@GWSMTP.NU.COM>]

NU had set aside money for decommissioning, I believe somewhere in the range of
$200-250M.  But the plant was shutdown prematurely and the cost of
decommissioning is higher than first estimates. It was economics, not
incompetence, which shut Connecticut Yankee down.  Gas is a whole lot cheaper
now than redundant safety systems.  NU lost when it came to "A Connecticut
Yankee in a Keen Actuary's Count."  TA DUM!

Claude Flory
Northeast Utilities
floryca@gwsmtp.nu.com

>>> "Sandy Perle" <sandyfl@earthlink.net> 09/02/98 10:56am >>>
While at FPL, I was involved with the decommisioning plans for 
Turkey Point and St. Lucie. That was late 70's and early 80's. 
Since then, I have understood that the NRC has required, as well 
as other financial regulatory bodies, that each utility had to set 
aside so many $$$ for future decommisioning. Perhaps someone 
can address what NU was trying to push is different from what was 
expected when decommisioning plans were first introduced.
--------------------

N.U Must Pay For Decommissioning - (HARTFORD) -- A judge has 
ordered Northeast Utilities to foot the entire bill for 
decommissioning of the Connecticut Yankee Nuclear Power Plant. 
It will cost N-U more than 420- Million dollars to permanently shut 
the plant down. The judge ruled N-U's incompetence led to the 
plant's failure. The utility had wanted to add a surcharge to 
ratepayers' bills to pay part of the cost. 

------------------
Sandy Perle
Technical Director
ICN Dosimetry Division
ICN Plaza
3300 Hyland Avenue
Costa Mesa, CA 92626
Office: (800) 548-5100 x2306 
Fax:    (714) 668-3149
  
sandyfl@earthlink.net
sperle@icnpharm.com

ICN Dosimetry Website:
http://www.dosimetry.com

Personal Website:
http://www.geocities.com/CapeCanaveral/1205

"The object of opening the mind, as of opening 
the mouth, is to close it again on something solid"
              - G. K. Chesterton -

The opinions expressed are solely, absolutely, positively, definitely those of
the author, and NOT my employer
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