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Is there currently a limit on the amount that nuke stations can put into the system?

Regardless, I'd love to know how they're going to prevent the shareholders in the companies from selling them off cheap after they've taken the profits but  before they're forced to bear the cost of decomissioning.

by Colman (colman at eurotrib.com) on Tue Jan 8th, 2008 at 11:12:39 AM EST
I have no idea about any limits. Such limits would be absurd, especially considering the British love affair with the Free Market(tm).

The way to avoid the second problem you mention, at least the way we do it in Sweden, is to tax nuclear electricity when it is produced and put the money in a segregated decomissioning fund.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Tue Jan 8th, 2008 at 11:22:43 AM EST
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Since when did being absurd bother them?

Taxes are anti-business.

by Colman (colman at eurotrib.com) on Tue Jan 8th, 2008 at 11:28:51 AM EST
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That seems to be the approach that was being floated in the run up this week, although Hutton was pretty vague in his parliamentary statement and there's plenty of opportunities for the policy to change (indeed having a pot of money sitting around for decades can be an unbearable temptation for govts even if they set up a decommissioning fund on this generation of reactors).

Regards
Luke

-- #include witty_sig.h

by silburnl on Thu Jan 10th, 2008 at 10:00:30 AM EST
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Well, clearly, if the shareholders skim the profits so the company doesn't keep enough assets on its balance sheet to pay for decommissioning, the company will be technically bankrupt, and will have to be bailed out... oh, wait!

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Wed Jan 9th, 2008 at 02:41:09 PM EST
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Private Eye today notes that the French company that appears most likely to get the contract for the construction of the new Nuclear power stations has as its head of media relations one Andrew Brown, who just by coincidence happens to be the brother of the Prime Minister.

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jan 9th, 2008 at 03:11:32 PM EST
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