Taxpayer Burden from Yucca
Michael J. Keegan, Nuclear Free Great Lakes, June 5, 2002
Dear Yucca Activists,
I crunched some numbers on Yucca and here is what I get. This may prove
a
valuable argument against Yucca. While these numbers are ball park
based
on current info. The concept of taxpayer obligation holds up.
Finances:
Currently there are 46,000 metric tons of high level nuclear waste from
U.S. reactors. The fee generated and collected by utilities is
currently at $18 billion. Yucca Mountain will have space for 63,000 metric tons
(from commercial reactors). Extrapolating from these figures, another
$6.6 billion will be generated from the 17,000 metric tons to be generated
(63,000 - 46,000 = 17,000). A projected total revenue of approximately
$24.6 billion will be generated by utilities. The current cost of Yucca
Mountain is estimated at $58 billion, this leaves a shortfall of $33.4
billion which will become taxpayer obligation. Yucca will not pay for
itself. A yes vote for Yucca Mountain places this tax burden on the
American People.
Michael J. Keegan
Coalition for a Nuclear Free Great Lakes
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