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Report Faults Fiscal Review Of Nuclear Plants
Make Money Online The Nuclear Regulatory Commission has failed to adequately ensure that owners have enough money to safely own, operate and later decommission nuclear power plants, a Congressional review says.
The government is expected to approve plans for the construction of a new generation of nuclear power stations in the UK today. Business secretary John Hutton is believed to be making an announcement when he reveals plans to replace ageing nuclear power stations across Britain. Speaking to Reuters about the move, a source close to Prime Minister Gordon Brown said that household and business electricity customers should expect some costs from the operation of the new plants to affect their...
Internet Business Opportunity The commission needs to tighten its review of requests to transfer licenses, especially because the costs of dismantling a plant and disposing of radioactive waste could increase, said the study by the General Accounting Office, the investigative arm of Congress.
Iran Focus Tehran, Iran, Dec. The new head of Russia's nuclear agency will be visiting Iran in February to hold talks with Iranian officials aimed at ending the international standoff over Tehran's sensitive nuclear work, Iran's official state news agency reported. Sergei Kirienko, head of Russia's Federal Atomic Energy Agency will travel to Bushehr where Russia is helping Iran build a nuclear plant.
Free Money The review was requested by Representative Edward J. Markey, Democrat of Massachusetts, because of concerns that deregulation and recent license transfers have reduced money available for decommissioning a plant, which costs $300 million to $400 million.
party reporting, Brown pointed to the George W. Bush administration's fiscal year 2007 budget proposal to require credit card companies to report to the IRS the credit card transactions of each small business that it services. From the amount reported, - -not only the credit card sales but also what cash likely came into the business. That, in turn, would discourage underreporting in the first place.
Work At Home Business The regulatory commission has licensed 125 nuclear power plants for limited times. Utilities have sold or are selling all or part of 15 plants. Another 30 plants have had licenses transferred.
The decommissioning of nuclear power stations in the UK could lead to further price increases for domestic and business electricity customers, according to new reports. It is believed that MPs are set to talk to energy providers about the possibility of them paying a fee to the government for the creation of a fund to cover the cost of taking the plants out of action. The Guardian has reported that energy secretary John Hutton is set to unveil the plans this week, meaning energy suppliers...
Free Online Affiliate Program Before transferring licenses to new plant owners, the commission requires companies to make periodic deposits into a trust fund; prepay costs; or obtain a bond, insurance or credit to guarantee they can meet certain financial requirements.
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Auction Coin Money Paper In general, enough money is being set aside to take plants out of service, the report said, but the commission has not done enough to monitor the financial arrangements.
Franchise Business Opportunity The commission's "reviews were not always rigorous enough to ensure that decommissioning funds would be adequate," it said. "Moreover, N.R.C. did not always adequately verify the new owners' financial qualifications to safely own and operate the plants."
Best Free Online Affiliate The commission should ask for guarantees of additional revenue and document its review of any financial information, including revenue projections, the report said.
Blogging Money Thebillivard It also said the commission gave plant owners about two years before their licenses are terminated to determine whether additional cleanup was needed. The accounting office recommended shortening that time.
Best Home Based Business But the commission said an earlier deadline "would not add significant value to the decommissioning process." It also disagreed that it should modify its financial reviews "because many of the proposed license transfers are unique."
Affiliate Marketing Program Associated Press - 12/25/2001
Topic: Nuclear
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