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Project(s): View 12 related projects in PECWeb
Plant(s): View 11 related plants in PECWeb
Released January 29, 2014 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The new U.S. federal budget includes zero dollars toward the licensing of the long-awaited Yucca Mountain nuclear waste repository site in Nevada. This means no new money has been made available for the U.S. Department of Energy (DOE) to continue with costly licensing procedures that are necessary to make use of the proposed site. The DOE estimates it will need $100 million to move forward with the proposed site. The department currently has $17 million to $30 million available in its budget to execute an application process.
Neither will the Nuclear Regulatory Commission see any new funds in order to consider and evaluate the use of Yucca Mountain. The process could cost about $1.6 billion, but the commission has only $13 million to $17 million to conduct necessary hearings and licensing consideration.
The proposed site is on federal land in Nye County, Nevada, about 80 miles northwest of the Las Vegas Valley. The site was intended to be a deep geological repository facility for the nation's spent nuclear reactor fuel and other types of high-level radioactive waste. This reactor fuel and high-level radioactive waste is currently stored at nuclear facilities and some 121 different sites throughout the nation.
Studies on Yucca were conducted as far back as 1978, and it was originally part of a group of 10 different sites chosen for consideration in 1984, based on data collected over a decade. Then-President Ronald Reagan chose three sites from this group in 1985 and finally suggested Yucca Mountain in 1987. Congress approved the site in 2002. But under the Obama administration, Congress terminated funding for the site on April 14, 2011, by way of an amendment to the Department of Defense and the Full-Year Continuing Appropriations Act, due to the U.S. Environmental Protection Agency's (EPA) proposed compliance issues and exposure concerns.
The lack of funding for Yucca Mountain will affect some 12 planned and on-hold proposed North American nuclear power plant projects, as they will not be approved for licensing or funding by the Nuclear Regulatory Commission until a repository site is made available. That leaves approximately $143.6 billion in projects and financing on the line.
View Plant Profile - 1070149 1075111 1079066 1060276 1077853 1069180 1069172 10085245 1071681 1071627 1080592 3029982
View Project Report - 1011039 44000628 44000701 56000699 55000474 15002263 16001695 10004491 6005027 46000341 12004306 300037472
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
Neither will the Nuclear Regulatory Commission see any new funds in order to consider and evaluate the use of Yucca Mountain. The process could cost about $1.6 billion, but the commission has only $13 million to $17 million to conduct necessary hearings and licensing consideration.
The proposed site is on federal land in Nye County, Nevada, about 80 miles northwest of the Las Vegas Valley. The site was intended to be a deep geological repository facility for the nation's spent nuclear reactor fuel and other types of high-level radioactive waste. This reactor fuel and high-level radioactive waste is currently stored at nuclear facilities and some 121 different sites throughout the nation.
Studies on Yucca were conducted as far back as 1978, and it was originally part of a group of 10 different sites chosen for consideration in 1984, based on data collected over a decade. Then-President Ronald Reagan chose three sites from this group in 1985 and finally suggested Yucca Mountain in 1987. Congress approved the site in 2002. But under the Obama administration, Congress terminated funding for the site on April 14, 2011, by way of an amendment to the Department of Defense and the Full-Year Continuing Appropriations Act, due to the U.S. Environmental Protection Agency's (EPA) proposed compliance issues and exposure concerns.
The lack of funding for Yucca Mountain will affect some 12 planned and on-hold proposed North American nuclear power plant projects, as they will not be approved for licensing or funding by the Nuclear Regulatory Commission until a repository site is made available. That leaves approximately $143.6 billion in projects and financing on the line.
View Plant Profile - 1070149 1075111 1079066 1060276 1077853 1069180 1069172 10085245 1071681 1071627 1080592 3029982
View Project Report - 1011039 44000628 44000701 56000699 55000474 15002263 16001695 10004491 6005027 46000341 12004306 300037472
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
