The fastest growing part of the nuclear industry in the U.S. involves a small but expanding group of companies that specialize in tearing reactors down faster and cheaper than ever before. After Entergy Corp. shut its Vermont nuclear plant in 2014, the utility planned to wait until 2068 to dismantle it using a $510 million decommissioning trust fund that would appreciate over time to cover $1.2 billion in anticipated costs. Instead, Entergy sold the plant in January to Northstar Group Services Inc., which plans to do the job by 2026 at a much reduced cost. The trick: Northstar would avoid up to $8 million a year in fuel-storage costs, and use the trust fund to get paid for the work. And once the job’s done, they get 45% of whatever’s left in the fund. With nine other plants expected to shut by 2025, others are moving to replicate the strategy.
Bloomberg 17th May 2019 read more »