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As Nuclear Reactors Age, Funds to Close Them Lag via The New York Times

Bills that once seemed far into the future may be coming due. The license for Vermont Yankee in Vernon, Vt., at 40 the nation’s oldest reactor, expires on Wednesday, for example. And while the Nuclear Regulatory Commission has granted its owner, Entergy, a new 20-year permit, the State of Vermont is trying to close the plant.

In New York, Gov. Andrew M. Cuomo has vowed to force the two operating reactors at another Entergy plant, Indian Point, 35 miles north of Midtown Manhattan, to shut down when their licenses expire in 2013 and 2015 by denying them state environmental permits.

Entergy is at least $90 million short of the projected $560 million cost of dismantling Vermont Yankee; the company is at least $500 million short of the $1.5 billion estimated cost of dismantling Indian Point 2 and 3.

The shortfall raises the possibility that Vermont could tend one sleeping reactor for decades while New York oversees three; Unit 1 , another reactor at Indian Point, shut down in 1974 and has yet to be dismantled.

Even the Nuclear Regulatory Commission’s chairman is uneasy about the prospect of a 60-year wait.

Read the entire article at As Nuclear Reactors Age, Funds to Close Them Lag

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