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E-M:/ Consumers Energy Raiding NukePlant Decommissioning Cookie Jar

Enviro-Mich message from "Alex J. Sagady & Associates" <ajs@sagady.com>

From: "Kevin Kamps" <kevin@nirs.org>
To: "Kevin Kamps" <kevin@nirs.org>

St. Joe, MI Herald-Palladium
July 24, 2006
The $316 million question 
Critics oppose Consumers? plan to keep more than half of the money customers have paid to decommission Palisades 

H-P South Haven Bureau 
COVERT ? It may be 25 years from now, but eventually the Pal­isades nuclear power plant in Covert Township will close and have to be decommissioned.
But there are serious ? and so far unresolved ? questions about what will happen to hundreds of mil­lions of dollars customers have paid into a fund to pay for those closing costs as a result of the pending sale of the plant by Con­sumers Energy to Entergy Nuclear. Here?s why: The companies announced that part of the sale includes a plan to allow Con­sumers Energy to retain $316 mil­lion out of the $566 million in the accumulated Palisades decommis­sioning fund. That would leave $250 million in the fund, or about 44 percent of what is in there now.
?I  [SNIP]

Alex J. Sagady & Associates        http://www.sagady.com

Environmental Enforcement, Permit/Technical Review, Public Policy, 
Evidence Review and Litigation Investigation on Air, Water and 
Waste/Community Environmental and Resource Protection
Prospectus at:  http://www.sagady.com/sagady.pdf 

657 Spartan Ave,  East Lansing, MI  48823  
(517) 332-6971; (517) 332-8987 (fax); ajs@sagady.com

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