Knight Investments LLC & Baron of the Republic of Aquitaine align on need for Spent Nuclear Sites

June 23, 2009 - PRLog -- Knight Investments LLC Officials, the President of an National Nuclear Committee, the Baron of the Republic of Aquitaine, and several Regulatory Officials discussed the recent release of a US Department of Energy Report to Congress addressing the Decommissioning of Nuclear Power Reactor Sites.

The U.S. Department of Energy (DOE) released its Report to Congress on the demonstration of the Interim Storage of Spent Nuclear Fuel from Decommissioned Nuclear Power Reactor Sites (DOE/RW-0596, December 2008). The report was prepared pursuant to direction in the House Appropriations Committee Report that accompanied the Consolidated Appropriations Act of 2008 that the Department develop a plan to take custody of spent nuclear fuel (SNF) currently stored at decommissioned reactor sites.

Knight Investments LLC desired to see the productive discussion on possible methods to help SNF become disposed in responsible ways. The Baron of the Republic of Aquitaine sat in to help address these issues and help review Budget Appropriations with Chief Financial Officer of Knight Investments LLC.

KI President also discussed methods to see SNF decommissioned in responsible methods.

The Department has reviewed its authority to accept SNF from decommissioned commercial nuclear power reactor sites for interim storage and has concluded that under present law it has no such authority.

“The Department has concluded that, without legislation, a demonstration project accepting spent nuclear fuel from decommissioned nuclear reactor sites could not be completed in the near term and would not reduce taxpayer costs for waste disposal,” Director of DOE’s Office of Civilian Radioactive Waste Management Ward Sproat said.

The Baron of the Republic of Aquitaine affirmed that it is necessary for a demonstration project to occur about accepting spent nuclear fuel and for it to be done in a responsible way.

The report discusses the status of the commercial SNF inventory in the United States, at both decommissioned and operating commercial nuclear power reactor sites; summarizes the contractual arrangement the Government and utilities have under the Standard Contract for Disposal of Spent Nuclear Fuel and/or High-Level Radioactive Waste (10 CFR Part 961), related litigation, and the financial liabilities resulting from the Department’s delay in performance under these contracts; provides a history of interim storage policy as it relates to commercial SNF in the United States; and identifies legislative changes and actions that would be necessary for the Department to develop an interim storage facility and demonstration program for commercial SNF from the decommissioned reactor sites.

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