Sunday, February 27, 2011
WeEnergies ratepayers paid in $215 million to pitch in for the nuclear waste repository at Yucca Mountain. The project was cancelled, not for technical, but political reasons by the Obama Administration. WeEnergies sued for $96 million. Not unreasonable IMHO (though I'd like to have seen more), since much of the work was done and, well, someone has to pay for it. After appeal and negotiated settlement, DOE is paying back all of $31 million. That means $184 million down the Federal rathole and here we are, holding the bag....again.