Wednesday, August 17, 2011

US Nuclear waste disposal money sucked up in deficit


For 20 years, electricity ratepayers have been paying to underwrite the development of a solution. Their contributions, minus expenses and plus interest, stand at $25 billion.
But, as the panel tasked with charting a post-Yucca course pointed out, the money can’t be tapped easily. The reason: Congress has been banking the nuclear waste fees as taxes, example No. 446 of how lawmakers have cooked the books to make deficits look smaller.

Didn't realize that the money is all gone.  Quite amazing!

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