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Financial Fallout: Market Tumbles Shake Nuclear Clean-Up Funds

Posted on October 10, 2008

The Wall Street meltdown is making it tougher to build new nuclear power plants, but its doing more than that. It could also make it tougher to tear down the existing ones. Whoops (AP)The stock market's tumble is cracking the piggy bank designed to safely mothball Vermont's Yankee nuclear power plant when the plant is evenutally shut down, notes the Boston Globe. Since the spring, the so-called decommissioning fund for the Entergy plant, which will pay to dismantle and safely entomb nuclear reactors when they are shut down, has lost about $40 million, or 10% of its value. Granted, Vermont Yank...

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britain , investments , regulatory