Word: smeloff
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...Radioactive waste] is still the Achilles' heel of the industry," says Edward Smeloff, director of the Pace University Law School Energy Project. In California, for instance, a new nuclear plant can't even be licensed until the feds come up with a permanent solution. The Energy Department is scheduled to decide later this year whether to go ahead with the controversial proposal to bury the waste deep within Yucca Mountain in Nevada. But with the state's congressional delegation fiercely opposing the idea, the fight could easily drag on for years. If the site could be built, it would still...
...sellers." Those sellers, on the other hand, are at the mercy of--wow!--no one, and with capacity shortages driving up unregulated wholesale prices as much as 50 to 100 times the normal rate, they're doing quite well. "Owners of power plants can extract monopoly rents," notes Edward Smeloff, executive director of the Pace University Law School Energy Project...
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