The NFRC was established in 2002 to promote the construction and operation of nuclear reprocessing facilities. NFRC promotes reprocessing commercial spent nuclear fuel that is generated by commercial nuclear power plants.

Reprocessing dramatically reduces the amount of high-level radioactive waste that would have to be stored in a geologic repository. We also support reprocessing plutonium and highly enriched uranium from nuclear warheads into fuel for use in commercial nuclear power plants.

Saturday, July 9, 2011

DOE to Pay $100 Million for Used Nuclear Fuel Storage Costs to Xcel Energy

Exel Energy has reached a settlement with the federal government regarding costs incurred by Northern States Power Company (NSP) and its customers because of the Department of Energy's failure to begin removing used fuel from the company's nuclear plant sites by a 1998 deadline. The federal government will pay approximately $100 million for used fuel storage costs at Prairie Island and Monticello nuclear generating plants incurred through 2008. The federal government also will pay costs incurred from 2009 through 2013 related to the DOE’s failure to remove used fuel. The money will be returned to NSP customers in Minnesota, Wisconsin, North Dakota, South Dakota and Michigan.

Xcel Energy’s lawsuits were among 74 filed by utilities against the federal government alleging partial breach of contract when the DOE failed to meet a Jan. 31, 1998, deadline to begin accepting used fuel. The dispute stemmed from contracts the DOE entered into with the utilities concerning the DOE’s obligations under the Nuclear Waste Policy Act. Seventeen lawsuits involving 44 reactors were settled previously. (Excel Energy, 7/8/2011)

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