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Bond In Investing Savings Running out of room to store spent nuclear fuel, the operator of the Salem nuclear complex expects to begin construction next year on interim storage vaults for its highly radioactive waste.

"I see no rational use for transmutation, " said Bernard Cohen, a University of Pittsburgh physicist, who contends risks from buried nuclear wastes "are grossly exaggerated." Disposal of nuclear wastes is a growing concern with no easy answers. America's 104 nuclear plants and defense programs have produced some 42, 000 metric tons of the stuff, now stored at 74 sites across the U.S., said James Bresee of the Department of Energy.

Bond Investment Toledo Toledo PSEG Nuclear outlined its plans during a meeting at the Nuclear Regulatory Commission's regional headquarters here Thursday. The company operates the three-reactor Salem and Hope Creek complex in Lower Alloways Creek, Salem County.

Instead, U.S. utilities are given a bizarre alternative to reprocessing. Spent fuel rods are stored in nuclear fuel storage pools of water. Instead of reprocessing the used nuclear fuel, it must now be safely stored. The ongoing national debate about nuclear waste disposal, and whether or not to utilize Yucca Mountain, can also find its roots in the political decision made during the 1976 U.S. presidential election.

James Bond Trading Card "We've been able to take advantage of the experiences of a lot of other facilities. There are more than 20 of these around the U.S. that are already operating, so this isn't a new thing," said PSEG project director Brian Gustems. "Things are progressing well."

Bond In Investing Stock This was the first time officials from PSEG, the NRC and New Jersey Department of Environmental Protection got together to discuss the plan since the company disclosed its intentions two years ago.

Municipal Bonds Investment The nation's second-largest nuclear-reactor complex is running out of room in deep pools that were designed to cool down extremely radioactive fuel rods after use. These pools, adjacent to the reactors, were never meant to hold the spent fuel permanently.

7. Nuclear risk Damage or destruction caused by, a. ionising radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel; or b. the radioactive, toxic, explosive or other hazardous properties of any explosive nuclear assembly or component thereof.

Bond Terms Trading President Bush has recommended that the nation's nuclear waste be entombed deep under Yucca Mountain in the Nevada desert. It remains unclear when that facility will be built.

Bond Debt High In Inside Anti-nuclear activists fear above-ground storage sites like those to be built at Salem will become permanent, and that they may become targets of terrorist attacks.

Bond Greenville Greenville "The industry says this is totally safe. But a lot of people have their doubts," said Norm Cohen of the UNPLUG Salem Campaign after the meeting.

Trading Stock And Bonds But he concedes that it may be almost impossible to stop the construction of the waste vaults because of the NRC's record of approving such projects.

Bond Investing Municipal However, Cohen hopes the NRC will give consideration to decommissioning the Hope Creek reactor so its spent-fuel pools can be emptied. He argues this reactor's pools are most vulnerable to attacks.

Basis Bond Finance Hill "A terrorist strike on a spent fuel pool would have catastrophic consequences," he said.

Bond Explained Terms Trading PSEG plans to begin using the new facility, to be built at the northern perimeter of its Delaware River complex, in 2007.

Bond Business Investing Stock That's when waste from Hope Creek will be moved. Waste from the Salem 1 and 2 units will be moved in 2011 and 2015 respectively.

Bond Houston Houston NRC officials said they will closely monitor the project's design and construction.

Stock Bonds Day Trading "We didn't hear anything today that would say there is any fatal flaw in the process, but it's too premature to give an overall assessment of what we think," said Ronald Bellamy, chief of the NRC's decommissioning branch.

Bond Corporate Investing PSEG has hired Chicago-based Sargent & Lundy LLC to design the facility as well as a staging area for moving the fuel rods from the pools.

Investment Bond Uk Thousands of uranium pellets contained within fuel rod assemblies will be placed in stainless-steel canisters, known as casks. These, in turn, will be placed in 20-foot-high concrete vaults.

Bond Trading Strategy Evesham-based Holtec International will supply the first sets of casks the plant will need. Nuclear Security Services Corp. of Chicago will design security systems, including lighting and cask monitoring.

Bond Fixed In Income Investing "All the (companies) here are not only familiar with our site and our design basis, they are also experts in the industry in dry cask storage," Gustems said.

Bond Dayton Dayton Investment Dennis Zannoni, a nuclear engineer for the state DEP, cautioned the process will need to be cooperative and open. He pointed out that a similar storage plan, put in place last year at Ocean County's Oyster Creek reactor, was held up for years by legal challenges from activists.

Bond Management Market Risk "We expect (the Salem project) to go forward as professionally as it possibly can," he said.

Bond In Investing Municipal By Lawrence Hajna
Courier-Post - 6/20/2003

Topic: Nuclear

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