This Day On The Street
Continue to site
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

Feds Look To Ship Wash. Radioactive Waste To NM

Inslee said sending waste to New Mexico is two to four years away. He also said a system is in place to treat the groundwater should contamination from the leaks reach it.

In the meantime, Inslee plans to push Congress to fully fund this proposal, saying "every single dollar of it is justified."

South-central Washington's Hanford Nuclear Reservation is home to 177 underground tanks, which hold toxic and radioactive waste left from decades of plutonium production for the country's nuclear weapons arsenal.

The tanks hold some 56 million gallons of waste and have long surpassed their intended 20-year lifespan. The Energy Department has said the leaking tanks could be releasing as much as 1,000 gallons a year.

State and federal officials have said the leaking materials pose no immediate threat to public safety or the environment, but the leaks raise concerns about the potential for groundwater to be contaminated and, ultimately, reach the neighboring Columbia River about 5 miles away.

Inslee has said repeatedly that Washington state has a "zero tolerance" policy for leaks.

In a letter to Inslee, the Department of Energy estimated it will have to eliminate $92 million for its Office of River Protection, which oversees efforts to empty the tanks and build a plant to treat the waste. The cuts will result in furloughs or layoffs impacting about 4,800 workers in Washington, including 2,800 contract employees dealing with tank waste and construction of a plant to treat the waste, the agency said.

Inslee spokesman David Postman said the governor's initial concern is for the workers, but he emphasized budget constraints cannot be an excuse to delay response to the leaking tanks.

The U.S. government spends some $2 billion each year on cleanup at Hanford â¿¿ one-third of its entire budget for nuclear cleanup nationally â¿¿ so the project is still in line to receive most of its usual federal funding.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,134.83 +93.29 0.52%
S&P 500 2,113.74 +9.54 0.45%
NASDAQ 5,061.3810 +28.63 0.57%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs