Power and Utilities Alert 2014-2: Nuclear waste disposal fees

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02/05/2014 by Power & utilities
Power and Utilities Alert 2014-2: Nuclear waste disposal fees

At a glance

A recent Court of Appeals ruling, and a request by the US Department of Justice, have raised questions about the collection of nuclear waste disposal fees.

A recent Court of Appeals ruling, and a request by the US Department of Justice, have raised questions about the accounting procedures for the nuclear waster disposal fund charges.

Under the Nuclear Waste Policy Act of 1982, the DOE was given the task of constructing and operating a permanent underground nuclear waste repository located at Yucca Mountain in Nevada. To fund the site, entities that produce nuclear energy are required to pay to the DOE one dollar per megawatt-hour of net nuclear generation for the cost of spent nuclear fuel disposal (the “disposal fund charge”).

This Power and Utilities Alert discusses a recent court order regarding the collection of nuclear waste fees by the US Department of Energy (DOE) as well as related accounting and reporting issues.