42 A-Plants Found to Lack Enough Cash for Cleanup. The
owners of nearly half the nuclear power reactors in the U.S. are not
reserving enough money to decommission them on retirement, a General
Accounting Office report said. By Matthew L. Wald. [New York Times: Science]
Unfortunately, this is not “news,” but has been known and discussed for decades.
This is corporate malfeasance and willful (perhaps criminal) negligence
on a grand scale, sanctioned by your government and mine.
Is anyone at the SEC paying attention? Isn’t failure to adequately reflect liabilities on the balance sheet a profound “no-no”?