Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
California
Related: About this forumHow much will decommissioning San Onofre cost? I've seen two estimates
http://www.democraticunderground.com/1014508904
Whoops! Edison clarifies nuclear cleanup costs
Source: Orange County Register
Southern California Edison goofed a bit when it told the world that it would cost $3 billion to mothball the San Onofre Nuclear Generating Station last week.
Decommissioning costs are actually projected to be $4.1 billion, as we at The Watchdog originally reported.
Edison has $2.7 billion stashed away, it said last week, so the clean-up was 90 percent funded. We did some back-of-the-napkin math (using the $4.1 billion figure) and said it sure ...
Click Here to login and see more!
Read more: http://www.ocregister.com/taxdollars/billion-512655-edison-percent.html
[hr]
Unfortunately the rest is behind a paywall.
Whoops! Edison clarifies nuclear cleanup costs
Source: Orange County Register
Southern California Edison goofed a bit when it told the world that it would cost $3 billion to mothball the San Onofre Nuclear Generating Station last week.
Decommissioning costs are actually projected to be $4.1 billion, as we at The Watchdog originally reported.
Edison has $2.7 billion stashed away, it said last week, so the clean-up was 90 percent funded. We did some back-of-the-napkin math (using the $4.1 billion figure) and said it sure ...
Click Here to login and see more!
Read more: http://www.ocregister.com/taxdollars/billion-512655-edison-percent.html
[hr]
Unfortunately the rest is behind a paywall.
I found another article with the same two estimates:
http://www.sanclementetimes.com/blog/2013/06/12/nuclear-no-more/
Nuclear No More
EYE ON SC, News Headlines | June 12, 2013 by Staff | 2 Comments
<snip>
The company reportedly has a $2.7 billion trust fund, after taxes, to handle costs associated with the closure. According to Craver, the fund, containing money collected from ratepayers each time they pay their energy bill, could cover 90 percent of Edisons $3 billion in expected retiring expenses.
But according to Edison officials, total expenditures are anticipated at $4.1 billion, leaving more than $1 billion in funding unaccounted for.
<snip>
Nuclear No More
EYE ON SC, News Headlines | June 12, 2013 by Staff | 2 Comments
<snip>
The company reportedly has a $2.7 billion trust fund, after taxes, to handle costs associated with the closure. According to Craver, the fund, containing money collected from ratepayers each time they pay their energy bill, could cover 90 percent of Edisons $3 billion in expected retiring expenses.
But according to Edison officials, total expenditures are anticipated at $4.1 billion, leaving more than $1 billion in funding unaccounted for.
<snip>
2.7 / 4.1 = 0.66 = 66%
So instead of having 90% of the costs in a trust fund,
they only have 66% (about 2/3) of the costs in a trust fund,
about $1.4 billion short.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 1664 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
How much will decommissioning San Onofre cost? I've seen two estimates (Original Post)
bananas
Jun 2013
OP
FBaggins
(26,721 posts)1. Have they announced which decommissioning option they'll choose?
It would make a difference.
There's also the question of how much they'll be due from Mitsubishi (if anything).
Either way... it looks like the project is well funded.
SCVDem
(5,103 posts)2. Why don't they hire 50+ workers?
There are many of us out of work and since we're not going to have kids or live another 40 years, the radiation exposure wouldn't be as life devastating for us.
I'm not saying work reckless, just that we don't have as much to lose.
hunter
(38,304 posts)3. It will become a money pit like Hanford...
... with the decommissioning contractors secretly cheering for the most effective and well funded anti-nuclear activists.
$$$ for everyone, win win!!!