This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Groups To Warn Industry Is Pressuring NRC To "Flout" Court Order On Environmental Impact Of Nuclear Reactor Waste

Rebuttal to Nuclear Energy Institute Filing Comes One Day Before Monthly NRC Public Meeting on Waste Issues; NEI Seen Undercutting Needed Research on Reactor Pool Fires, Other Issues.

WASHINGTON, Jan. 14, 2013 /PRNewswire-USNewswire/ -- One day before the Nuclear Regulatory Commission (NRC) holds its monthly waste confidence rule public conference call, national and grassroots environmental groups from across the U.S. will file a rebuttal of claims made by the Nuclear Energy Institute (NEI), which has suggested incorrectly that the NRC can largely dispense with additional research needed for a court-ordered environmental impact statement (EIS) on long-term nuclear waste-storage issues.   

The groups will release the rebuttal during a phone-based news event at 1:30 p.m. EST Tuesday ( January 15, 2013).

In a point-by-point response to the NEI, the groups will show how the nuclear industry trade association would have the NRC "flout" the federal court ruling that triggered the EIS process for nuclear-waste storage.  Among other key issues, the NEI wants the NRC to rely on existing studies of spent fuel pool fire risks -- even though those studies are not only secret, but the agency also recently revealed to the GAO that it has lost track of them.  

News event speakers will be:

  • Arjun Makhijani, Ph.D., president, Institute for Energy and Environmental Research;
  • Diane Curran, attorney, Harmon, Curran, Spielberg & Eisenberg, L.L.P.;
  • John Runkle, attorney, NC WARN; and
  • Phillip Musegaas, Hudson River program director, Riverkeeper, Inc.

TO PARTICIPATE:  You can join this live, phone-based news conference (with full, two-way Q&A) at 1:30 p.m. EST on January 15, 2013 by dialing 1 (888) 437-2685. Ask for the "rebutting the NEI" telenews event.

CAN'T PARTICIPATE?:   A streaming audio replay of the news event will be available on the Web at http://www.hastingsgroupmedia.com/011513nrcsupplementcomments.mp3  as of 5 p.m. EST on January 15, 2013. 

BACKGROUND:

On January 2, 2013, two dozen national and grassroots environmental groups said it would be impossible for the NRC to adequately conduct a court-ordered assessment of the environmental implications of long-term storage of spent nuclear reactor fuel in the two short years the federal agency envisions for the process.  The groups' comments and related declarations by experts are available online at http://www.psr.org/resources/nrc-rushing-nuclear-waste-confidence-process.html. (The new rebuttal filing is a supplement to the January 2nd filing.)

In their early January filings, the 24 groups said a full review of the three issues outlined in June 2012 by the U.S. Court of Appeals for the D.C. Circuit – long-term storage risks for spent nuclear fuel, spent fuel pool fire risks, and spent fuel pool leakage risks – would take at least the seven years originally projected by the NRC staff, and likely considerably longer. Current federal law requires that the NRC conduct a comprehensive environmental impact statement study before issuing a revised Waste Confidence Decision; the 24 groups submitted their comments about the appropriate "scoping" of the EIS.  

In June 2012, the U.S. Court of Appeals for the D.C. Circuit vacated the NRC's 2010 Waste Confidence Decision and Temporary Storage Rule and remanded them to the agency for study of the environmental impacts of storing spent fuel indefinitely if no permanent nuclear waste repository is licensed or if licensing of a repository is substantially delayed.  Spent nuclear fuel remains highly dangerous for prolonged periods.  It has long-lived radioactive materials in it that can seriously contaminate the environment and harm public health if released.  Additionally, spent nuclear fuel contains plutonium-239, a radiotoxic element that can be used to make nuclear weapons if separated from the other materials in the fuel. 

The NRC monthly public teleconference status call on activities related to the Waste Confidence rulemaking and preparation of the environmental impact statement (EIS) takes place from 1:30-2:30 p.m. EST on January 16, 2013.  Prior to the start of the meeting, please dial 1-800-857-2553 and provide the operator with passcode 3682386.

SOURCE Institute for Energy and Environmental Research, Washington, DC; and NC WARN, Raleigh, NC.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs