NRC looks at nuke plant shutdown fund

August 20, 2009 2:29:49 PM PDT
Federal regulators are working with the owners of 26 nuclear plants to make sure they are saving enough money to dismantle their reactors if that becomes necessary. Nuclear Regulatory Commission officials said Thursday they're reviewing action plans owners were asked to submit, explaining how they'd address funding shortfalls for shutting down reactors. NRC officials in June notified owners of the shortfalls, caused in part by the nation's financial meltdown.

The AP reported in June that over two years, estimates of dismantling costs for the U.S. nuclear industry increased by more than $4.6 billion due to rising energy and labor costs, while funds set aside for shutdowns have lost $4.4 billion in the stock market.