Don’t worry about Indian Point cleanup funds

Posted: January 22, 2017
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Publication: Albany Times Union

By: Dr. Matthew Cordaro

With regard to the article about the Indian Point decommissioning fund, (“Indian Point cleanup fund looks short,” Jan. 12) it is important to note the U.S. Nuclear Regulatory Commission has a long and successful record in making sure that decommissioning trusts are sufficiently funded, with stable, growing assets.

It also takes many years to do a decommissioning. And, fortunately for New York’s economy and environment, Indian Point will be operating until at least 2021, the earliest date at which decommissioning will begin.

Interest compounding and related asset growth are always part of the strategy and approach to ensure sufficient decommissioning funds. This is the same principle applied to successful retirement planning.

Entergy also has considerable expertise in decommissioning, which will benefit New York when the time comes.

Matthew Cordaro

Former Chief Executive Officer, Midwest Independent System Operator


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