Fee to build phantom nuke waste site ends

Staff Writer
Columbus CEO

NEW YORK (AP) — Something could be missing from your next electric bill: a fee that electric customers have been paying for 31 years to fund a federal nuclear waste site that doesn't exist.

The Energy Department will stop charging the fee by court order Friday. It's only a small percentage of most customers' bills, but adds up to $750 million a year. The fund now holds $37 billion.

The money was collected to build a disposal site for the nuclear waste generated by the nation's nuclear power plants. The site was supposed to have opened in 1998, but there is no such site nor any tangible plans for one.

Don't expect a refund, however. The latest idea: the fund will go toward a site to be designed by 2042 and built by 2048.