Recommended Reading – Decommissioning Funding
This letter by Entergy Wholesale Commodities Vice President for Public Affairs Michael Twomey on the subject of nuclear decommissioning funding appeared in the New York Times on March 28, 2012
To the Editor:
In “As Reactors Age, the Money to Close Them Lags” (news article, March 21), questions were raised about the adequacy of decommissioning money for Entergy’s nuclear plants.
In fact, Entergy has already set aside money, in addition to other financial assurances, to decommission each of our plants, including Indian Point and Vermont Yankee. The status of this money is periodically monitored by the Nuclear Regulatory Commission to assure compliance with its regulations and adequacy to meet projected costs of decommissioning.
N.R.C.-renewed licenses will allow us to operate the plants for another 20 years, which further ensures funding adequacy. This is solely our responsibility — not the ratepayers’ or the taxpayers’.
As one of America’s largest operators of nuclear power plants, we have continually demonstrated our commitment to operate our plants safely and meet all our obligations. We will continue to do so.
T. MICHAEL TWOMEY
Vice President, External Affairs
Entergy Wholesale Commodities
White Plains, March 22, 2012