Americans Spent Three Decades Paying For Federal Project That Doesn't Exist

More than $43 billion was collected for nuclear waste dump that never came to be.

file photo
file photo
For 31 years Americans have been paying a fee for a nuclear waste site that doesn't exist, CNBC reported.

The fee on electric bills was supposed to fund a nuclear waste disposal site in Yucca Mountain, Nevada. The plan had been for the site to open in 1998, but it never did and the project has since been killed amidst political opposition.

But, the fee has continued to be collected and the fund for the nuclear waste site now is more than $30 billion. The fee costs people about $2 a year and it was established in 1983.

The Energy Department, after decades, suspended the fee on Friday, the Los Angeles Times reported.

"It is irresponsible on the government's part to not move forward on a program that has already been paid for," Marvin Fertel, president of the Nuclear Energy Institute, told the newspaper.

The fee generated about $43 billion in revenue and about $12 billion was spent on the Yucca Mountain project before it was killed, the newspaper reported.

And there still are no plans for how to deal with the long-term of nuclear waste. For more on this story visit the Los Angeles Times.
Abe Lincoln May 19, 2014 at 12:40 PM
How can I beat Lee with this mess being paid for needlessly!
Lee Jacobsen May 19, 2014 at 05:28 PM
Abe , let Grant handle it, then the cost is "free'.
de anne May 20, 2014 at 06:20 AM
Take this ridiculous amount and give appropriate payments to the elderly and disabled through SSA which needs a TOTAL overhaul desperately. The most vulnerable are those with the least funding!
Libi Uremovic May 22, 2014 at 08:00 AM
everyone in vegas knew this was nothing more than a scam ... the site is only 75 miles away from 80% of nevada's revenue - the casinos would never allow the waste dump to be completed ...


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