DOE to Pay $100 Million for Used Nuclear Fuel Storage Costs to Xcel Energy

DOE to Pay $100 Million for Used Nuclear Fuel Storage Costs to Xcel Energy

from Nuclear Power Industry News by Nuclear Street News Team

Xcel Energy announced today it has reached a settlement with the federal government regarding costs incurred by Northern States Power Co. and its customers because of the Department of Energy’s failure to begin removing used fuel from the company’s nuclear plant sites by a 1998 deadline.
Under the settlement, the federal government will pay approximately $100 million for used fuel storage costs at Prairie Island and Monticello nuclear generating plants incurred through 2008. The federal government also will pay costs incurred from 2009 through 2013 related to the DOE’s failure to remove used fuel.