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NRC Report Finds Pilgrim Decommissioning Fund Meets Requirements

An analysis of Entergy's decommissioning funds for Pilgrim Nuclear Power Station finds that the fund meets all NRC requirements.

According to a report from the Nuclear Regulatory Commission, Entergy has more than $676 million in trust to decommission Pilgrim Nuclear Power Station, which is more than enough to meet the NRC's requirements for such a fund.

The NRC's minimum for Pilgrim is $578,934,126. Entergy, and its predecessor Boston Edison, have $676,660,000 in trust.

The official report is attached.

According to the NRC:

all power reactor licensees are required to submit a DFS report at least once every 2 years in order for the NRC to obtain the information necessary to monitor the status of decommissioning funds. Any licensee for a plant involved in a merger or acquisition shall submit this report annually. Any licensee for a plant that is within 5 years of the end of its current operating license shall submit this report annually. Any licensee for a plant that has already closed before its licensed life shall submit this report annually. As of December 31, 2011, Indian Point Nuclear Generating Station, Units 2 & 3, and Pilgrim Nuclear Power Station are within 5 years of the end of its current operating license. 

Tom McCoy June 21, 2012 at 12:02 PM
Are they telling us that they have a decommissioning fund for each and every Nuclear plant in service today or is there one fund for a number of plants. It's hard for me to believe that they would have that kind of cash on hand or are they securities which rise and fall with the markets.
Casey Meserve June 21, 2012 at 03:36 PM
It's a fund for each and every energy generation plant, added to each year.
Been There Done That June 21, 2012 at 09:11 PM
Yes, the NRC also requires it to be funded to a certain amount sufficient to take the site to green status at the end of the license period.
Tom McCoy July 11, 2012 at 08:17 PM
Casey Meserve and BTD. So,Let me get this straight. Boston Edison and Entergy have $677 million in cash waiting to be used to green up at Pilgrim and only Pilgrim the site in some bank somewhere? Can you tell us the name of the bank? Is it FDIC insured? Citizen99%
Tom McCoy July 11, 2012 at 08:35 PM
Is there a depository available for spent fuel or an alternative site for storage? I think I read that is still a problem? Is it? Does NRC have a plan for Pilgrim's future closure or will rebuilding on site be the only option? How many more years can they get out of the present model? How old do theyhave to be before a reactor must retire? I know we have a new twenty year license. My kids are asking me lots of questions since they saw the Fukshima documentary. How much of a storm surge will Pilgrim take? Is it defended against missile/sea-air attack or local air traffic and joggers?

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