Thursday, November 27, 2008

Nuclear decommissioning fund suffers big loss

The fund set aside to pay for dismantling the Vermont Yankee nuclear plant when it shuts down was already about $400 million short of what would be needed to do the job, according to an estimate by a subsidiary of the plant's owner.

Then it lost nearly $76 million more amid the turmoil in the financial markets during the past 13 months, with more than $33 million of that loss coming last month, according to the state Department of Public Service.

The Boston Globe

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