Sweden's SKI recommends government increases waste fund fees

Sweden's SKI recommends government increases waste fund fees

London (Platts)--2Nov2006

Sweden's SKI is recommending the government increase waste fund fees that
nuclear operators pay to an average 1.73 oere (0.24 US cents) per
kilowatt-hour produced in 2007, from 0.83 oere/kWh currently, the Swedish
Nuclear Power Inspectorate, SKI, said November 1. The fund covers handling of
nuclear waste and spent fuel, including building a final spent fuel
repository. The utilities are also required to post guarantees to cover any
shortfall in financing the repository. SKI said it wants the increase because
the real interest rate earned on the fund is expected to decline until 2020,
lowering the fund's rate of return.

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