| PFS backer backs off N-waste plan dealt blow as Entergy puts future investments on hold
WASHINGTON — And then
there were four. Entergy Corporation, one
of the eight original investors in Private Fuel Storage, will hold future
investments from the proposed nuclear waste storage site, Executive Vice
President Curt Herbert Jr., told Sen. Orrin Hatch, R-Utah, in a letter sent
Tuesday. Entergy becomes the fourth
PFS investor this month to change its financial support, which on top of
other recent legislative and administrative action, has "put Utah over the
hump in our fight against the Skull Valley plan," Hatch said. Herbert wrote that Entergy
will withhold future investments in Private Fuel Storage "as long as there
is apparent and continuing progress toward federally sponsored away-from-reactor
storage and disposal for the nation's spent nuclear fuel." Entergy owns the second-largest
fleet of nuclear plants in the country. "We recognize the political
obstacles to finding solutions to management of spent fuel from nuclear plants
and believe the Utah facility is probably not the best solution to be pursued
at this time," Herbert wrote. The letter is similar to
those written by Xcel Energy, Southern Company and Florida Power and Light,
all who have changed their financial backing of the proposed used fuel storage
site at the Goshute's Skull Valley reservation in Tooele County. Xcel, which holds the largest
percentage of the consortium, said it will put a hold on its funding while
Southern and FPL have opted out completely. PFS spokeswoman Sue Martin
said not to read too much into the companies' decisions. The site was always
going to be done in phases, and there are a lot of other companies out there
who have storage needs that could sign on in the future to move the project
to its next stage, she said. The companies seem to have
a renewed faith in the government's plan to store nuclear waste in a permanent
repository at Yucca Mountain, 90 miles northwest of Las Vegas. This is puzzling
at first glance because the companies created the idea of PFS in the first
place because Yucca was not going to open on time and the project still faces
a variety of obstacles before it would open — which at the earliest could
be 2012 to 2015. "When PFS was proposed,
they looked at it as an insurance policy," said A. David Rossin, a former
president of the American Nuclear Society and a former Assistant Secretary
for Nuclear Energy at the Energy Department. "I don't think they expected
as many political problems." Rossin said prospects for
Yucca sometimes look better and sometimes looks worse. Those following nuclear
waste issue in Washington say legislation expected to come down next year
could put the prospect in the better category now and be the main reason
for the PFS companies renewed hope. It has been reported for
months that the administration is working on an "everything Yucca" bill,
although the specifics are not known. The bill could include an effort to
establish a radiation protection standard as well as change how Congress
allocates money to the project, but no one can confirm details. A White House sponsored
reprocessing plan is also an open secret on the Hill. Everyone from nuclear
industry insiders to Senate staff hear the same rumor but specifics are not
known. The 2006 energy and water spending included money for a recycling
program that some say are a start to a bigger reprocessing debate. An on-site storage bill
already introduced by Senate Minority Leader Harry Reid, D-Nev., and Sen.
John Ensign, R-Nev., and supported by the entire Utah congressional delegation
would allow nuclear companies to use federal money now earmarked for Yucca
to build dry container storage on site and get nuclear waste out of storage
pools. The industry opposes the
bill, saying it does not solve the permanent storage solution. The matter of potential
legislation did come up in Hatch's meetings with Xcel, according to his office.
Hatch spokesman Peter Carr said the Energy Department has told the companies
that something is coming up but did not offer specifics because the specifics
are not there yet. The department listened to alternatives the companies offered
but could not confirm what would be in their proposal. Hatch did not actually meet
with Entergy personally, Carr said, but the other companies that have changed
their minds went to Entergy themselves to get it to change its support for
PFS. Entergy spokesman Carl Crawford would only confirm that the company sent a letter to Hatch.
E-mail: suzanne@desnews.com
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