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bananas

(27,509 posts)
Tue Jun 18, 2013, 03:55 AM Jun 2013

How 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 ...

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Read more: http://www.ocregister.com/taxdollars/billion-512655-edison-percent.html
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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 Edison’s $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.

3 replies = new reply since forum marked as read
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How much will decommissioning San Onofre cost? I've seen two estimates (Original Post) bananas Jun 2013 OP
Have they announced which decommissioning option they'll choose? FBaggins Jun 2013 #1
Why don't they hire 50+ workers? SCVDem Jun 2013 #2
It will become a money pit like Hanford... hunter Jun 2013 #3

FBaggins

(26,721 posts)
1. Have they announced which decommissioning option they'll choose?
Tue Jun 18, 2013, 06:43 AM
Jun 2013

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?
Tue Jun 18, 2013, 07:57 PM
Jun 2013

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...
Wed Jun 19, 2013, 12:00 PM
Jun 2013

... with the decommissioning contractors secretly cheering for the most effective and well funded anti-nuclear activists.

$$$ for everyone, win win!!!

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