Disposal Site For Spent Nuclear Fuel Could Change The Insurance Picture For Nuclear Plant Owners
A federal court of appeals and the Nuclear Regulatory Commission (NRC) recently made advances toward a national disposal site for spent nuclear fuel. My recent Law360 column analyzes the potential impact of an eventual spent nuclear fuel disposal site on insurance coverage for nuclear plant owners. Shipping spent nuclear fuel offsite for disposal presents very different risks from those associated with storing the spent fuel onsite, which is the situation at many nuclear power plants today.
The D.C. Circuit recently held that the U.S. government may not collect any more fees from nuclear plant owners under the Nuclear Waste Policy Act until it finalizes a disposal solution for spent fuel. Nat'l Ass'n of Regulatory Util. Comm'rs v. U.S. Dep't of Energy, Nos. 11-1066, 11-1068, 2013 WL 6064021 (D.C. Cir. Nov. 19, 2013). Additionally, the NRC directed its staff last month to "complete and issue the Safety Evaluation Report" on the U.S. Department of Energy's (DOE) application for consideration of the Yucca Mountain site as a disposal facility. In the Matter of U.S. Dep't of Energy (High-Level Waste Repository), No. 63-001, __ N.R.C.___, slip op. at 23 (Nov. 18, 2013).
While none of these actions assure that Yucca Mountain will eventually be the national disposal facility, the progress toward such a facility raises interesting implications...
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