drieuxster (drieuxster) wrote,

Nationalize The Nukes?

NRC says six utilities have fund shortfalls -WSJ

The U.S. Nuclear Regulatory Commission has notified six utility companies that they have until the end of this year to explain how they will fix shortfalls in nuclear decommissioning funds, the Wall Street Journal newspaper said in its Saturday edition.

The shortfalls ranged from $12 million to $204 million for each of the 26 reactors at 18 sites on the list, or one quarter of the country's reactors. The six utilities were Exelon Corp (EXC.N), Entergy Corp (ETR.N), Constellation Energy Group Inc (CEG.N), FPL Group (FPL.N), First Energy Service Co LTD (9514.T) and Tennessee Valley Authority (TVC.N).

The number in arrears is more than normal and needs to be "resolved in the near future", Scott Burnell, an NRC spokesman, told the newspaper.

( op cit )
So remind me again how that free market system works....

And why is it that corporations should not be allowed to off load their financial risks on the State, so that they can maximize the process of privatizing the profits and socializing the risks?
Tags: economics

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