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Chapter 11 - Generic Approaches to Estimating U.S. Decommissioning Costs

Abstract:
The estimation of decommissioning costs has certain common features, regardless of country or state. In the U.S., the NRC has taken this into account as they worked on the development of generic estimates. The author of this chapter, Richard Smith, has been at the center of this effort for more than a decade. In this chapter, he summarizes three principal methods that have been used in cost estimates in lite U.S.: the linear extrapolation approach, the unit cost factor approach, and the detailed engineering approach which he helped to develop at Pacific Northwest Laboratory in Washington state.

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Energy Specializations: Nuclear Power – Markets and Prices; Nuclear Power – Policy and Regulation

JEL Codes: Q42: Alternative Energy Sources, L94: Electric Utilities, C51: Model Construction and Estimation, L95: Gas Utilities; Pipelines; Water Utilities, Q21: Renewable Resources and Conservation: Demand and Supply; Prices, D24: Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

Keywords: Nuclear decommissioning costs, US, Decontamination, Generic approaches, Elk River reactor

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-NoSI-11


Published in Volume 12, Special Issue of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.