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Wednesday
Mar092011

After $31 billion and counting, utilities cry "hold, enough!"

The nation's electric utitlies have collectively paid the U.S. Department of Energy $31 billion to "take away" their radioactive waste. But of course, there is still nowhere for it to go - a problem that is likely to persist indefinitely. Given the lack of a waste dump or other "solution," the utilities are suing the DOE to try to suspend fees they pay the government for nuclear waste storage. But the DOE wants to keep collecting its annual fees because, as the agency telllingly admits to Automated Trader, "they'll eventually develop a long-term storage solution. And when they do, it's likely to be expensive."