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Fukushima nuclear plant decommission, compensation costs to almost double

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Well, well, well .....

..... people can expect their electricity bill sky-rocketing in the years to come.

"The part of the cost increase will be passed on in electricity fees......."

In addition: ".... expansion of the interest-free loan program from 9 trillion yen, to help support the finances of plant operator TEPCO".

Interest-free 9 trillion? Didn't they make enough money during the years before the mess? How about giving those who really need it an interest-free loan?

10 ( +11 / -1 )

"The part of the cost increase will be passed on in electricity fees, it added, citing multiple unnamed sources familiar with the matter."

And not a thing will be done about it, save a shoulder shrug and a "shouganai, ne".

But hey, let's all talk about how cheap and safe nuclear power is again!

6 ( +9 / -3 )

Another showcase example of nuclear power as a lemon that will last decades

2 ( +3 / -1 )

No surprises there with the Yakuza construction companies running the show.

7 ( +8 / -1 )

Let's restart more!

0 ( +2 / -2 )

Only double? Hey guys, let's rejoice at that! After all, the expected costs of the Olympics is already supposed to quadruple! Fukushima's a paragon of efficiency at this rate!

4 ( +5 / -1 )

And Abe wants to reopen MORE reactors!

0 ( +4 / -4 )

All of those 50 plus nucs will have to go in time. Time to pay up before the gandchildren come along.

4 ( +6 / -2 )

Hey, Nuclear energy is cheap, right!?

-1 ( +2 / -3 )

Please tell me again how nuclear power is so cheap and safe. I'm very interested to hear your supporting arguments.

6 ( +9 / -3 )

mean while Japan continues to give billions to other countries.

2 ( +3 / -1 )

What countries do japan give billions to is it to build more japanese made nuclear reactors one would have thought by now all nuclear reactors would have been closed down and demolished as japan is to unstable to support this kind of energy.

0 ( +2 / -2 )

What about compensating all of us that had our electric bills increased due to some clown deciding to put the back up power in the basement?

0 ( +2 / -2 )

What about compensating all of us that had our electric bills increased due to some clown deciding to put the back up power in the basement?

Very true! They were advised in 2001 by a French team to get the back-up generators onto the roofs of the buildings and to waterproof all the electrical systems, but they chose to ignore it, and now, everybody in the TEPCO grid is paying for the ignorant idiocy of the TEPCO engineers and management. But, they did apologise, so that makes it alright.

5 ( +6 / -1 )

David Varnes: "Only double? Hey guys, let's rejoice at that! After all, the expected costs of the Olympics is already supposed to quadruple! Fukushima's a paragon of efficiency at this rate!"

Yes, double... NOW. I'm quite sure that when the 80 years pass that it will end up taking to completely decommission the plant it will have increased exponentially.

But the only important thing here is that TEPCO continues to defend its push to make more profit than ever and end the year in the black again. The extra monies this will cost just get passed on to the consumers. Why should the company suffer?

0 ( +3 / -3 )

@gogogo
I'm genuinely curious as to the names of the "yak" companies. Could you name some of them for me?

-2 ( +1 / -3 )

DAn Lewis: One of the YAK companies is called LDP.

3 ( +3 / -0 )

Please tell me again how nuclear power is so cheap and safe.

Nuclear power is cheap and safe.

I'm very interested to hear your supporting arguments..

No you're not.

-2 ( +3 / -5 )

20+ trillions yen based on temporary solutions. I open the bet for 2100 bill: 200+ trillions yen at current FOREX!

2 ( +2 / -0 )

Mike O'Brien: Nuclear power is cheap and safe.

google images 'fukushimi daiichi disaster', 'fukushima daiichi exclusion zone'

Lot of free cars there, available for the picking.

http://www.dailymail.co.uk/news/article-3263714/Destroyed-man-reclaimed-nature-Amazing-images-reveal-exclusion-zone-Fukushima-abandoned-overgrown-wilderness.html

1 ( +2 / -1 )

They should have learned from the UK experience with dismantling Sellafield/ Calder Hall. 8-10 times over budget, time extended from 20 to nearly 70 years, and still not decommissioning the cold war relics such as the 'Dirty 30' pool, which is comparable in radioactivity to the 'pressure vessel rooms' at Fukushima.

And that was from a power plant that did not explode and melt down, but shut down regularly.

0 ( +1 / -1 )

Fukushima nuclear plant decommission, compensation costs to almost double

The cost of cleaning up of the nuclear plant may rise to several billion dollars a year, from less than $800 million per year >>now, the Japanese government said last month.

Of course , TEPCO is milking it, don't worry that several billion dollars a year money is not A COST for everybody....

-1 ( +0 / -1 )

With the electricity market deregulation, everybody is now free to choose a supplier OTHER than TEPCO. (Doesn't necessarily mean cheaper rates, but at least you're not supporting those scum).

0 ( +0 / -0 )

Back up a little bit and look at this carefully. I will tell you something you have not thought about.

Who is getting all this money? Ah yes. Public and private contractors. So at first blush, the anti-nuclear types are saying tsk tsk and secretly hoping for even HIGHER numbers just to stick it to those nuclear supporters and utiliities. Yeah! And the more nuclear hysteria gets built up, the higher the costs are going to get, and the more support those clean up efforts are going to get. Japanese contractors are loving all that free money! It is for a good cause, right?

Is it necessary? Who knows? But I tell you there is a big difference between people saying "Hey. Things are not that bad." and people saying "OMG nobody will ever be able to live there again, ever!" Either way, nobody is dying, so who cares? You can make more money from hysteria than from reason, so let's assume a worst case, everybody.

And who is paying that money? Well, taxpayers. And TEPCO rate payers, and probably everyone else who is paying money to a utility for electricity. That means, well YOU. Unless you have installed solar, as some smart people did. And invested in construction firms doing cleanup, as some smart people did. Like me, a lot of people have BET HEAVILY on the hysteria of anti-nuclear activism. I keep telling people to make me poor, but they won't listen.

And yes, YOU made this a reality. After 3.11, society could have chosen to deal with utilities instead of demonizing them. All the motivations and policy were perfectly lined up to make a positive change. Costs would not be so high, Japan would have a lot more renewable. Japan would be burning a lot more gas instead of coal. Electricity rates would be lower by about 20%. Japan would be phasing out nuclear rather than keeping cheap reactors in limbo.

This IS what everyone protested for, right? To spend a lot of money on decommissioning? Well, here it is. Did you think someone ELSE was going to pay for what YOU want? Who thinks like that?

0 ( +1 / -1 )

That's right, blame the victims. Not TEPCO.

1 ( +1 / -0 )

@anyone who down voted because I asked for a yak-related company name
I'm calling bs on this until I see some names. People here are like Trump - they say whatever they want with nothing to back it up.

1 ( +1 / -0 )

Who is getting all this money?

Don't forget a large portion is going to the evacuees. Many of them evacuate voluntarily, so why do they need compensation? And many of the forced evacuees can now return but they have chosen not to, many saying they will never return. So why should they continue to get compensation?

-3 ( +0 / -3 )

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