Comment Re:'Decommissioning' is a made-up scenario (Score 1) 235
Ok, how do you start upgrading? Oh yeah, you decommission the old one! So your whole argument makes very little sense...
If only it were that simple. See this NRC backgrounder on decommissioning nuclear power plants and 26 CFR 1.468A-5. It is a fund owned by customers, held in trust for complete plant dissolution. It cannot be borrowed from or against or used to upgrade the plant, even if this would result in a longer useful life. Typically these funds are held conservatively, though there have been attempts to tax them to higher heaven or play risky games.
Don't get me wrong, decommissioning funds are a good idea in general for industry, especially for anything involving radioactivity or stored chemicals. But you have to ask yourself for anything, such as my water or sewer plant example, is it likely that we will really want this thing to close and completely disappear in (x) years? If the answer is NO, the return-on-investment burden costs everyone money over it's lifetime because it stifles renovation and innovation. The higher cost and lower profit margin repels good stewards and attracts bad ones (like Dominion). Just as for life insurance, it's not healthy for any one or thing that is truly useful to be considered worth more dead than alive.
If anyone would attempt to impose such a trust to coal generating plants over a pre-determined lifespan with subsequent greenfield decommissioning, you'd hear some real noise. Then when those numbers change, aside from CO2 everyone might conclude that nuclear IS cheaper than coal, today!
"The useful is as beautiful as the beautiful." ~apologies to The Little Prince