4h51m38s24f Pilgrim Decommissioning Fund - TR2016a
Channel: Thorium Remix
Date: 2017-05-15

http://ThoriumRemix.com/ While a nuclear plant is in operation, the utility pays into a decommissioning fund. This money can not be touched until the plant is ready for retirement. Or, when it is taken into early retirement. 

The owner of the shuttered Vermont Yankee nuclear power plant have hundreds of millions of dollars stashed away for the decommissioning process. Today federal regulators announced it can also use that money to deal with spent nuclear fuel.

Closing Vermont Yankee released $665 million in decommissioning funds to the utility. Closing San Onofre will release over $4 billion. 
 
Pilgrim is next. A 690 megawatt reactor, it produces 14% of the electricity generated in Massachusetts. It has a summer capacity factor of 98%, making it a very reliable source of summertime electricity. There's no technical reason to shut down this source of pollution-free energy. However, the decommissioning fund contains $870 million dollars.

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