Who gains from saving nature
Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Cases / Liability shifting (spin-offs, bankruptcy, closure bonds) · United States · 2019–2024

US regulator cites Holtec over use of decommissioning fund money

Short record: the main facts, with sources. A full case file has not been prepared.

Nature's voice · report
No measurement of the harm done to me here is on record.
Did nature suffer? Not measured.
Not on record
  • The record does not name which of my species, waters, soils or forests were harmed.
What the record lacks: 2 none on record · 1 insufficient · 1 not measured See the gaps

Holtec spent about $266,000 from decommissioning funds on festivities and donations that the NRC found improper, Provincetown Independent reported. What is at stake is the money set aside to dismantle reactors and clean up their sites.

What?
The NRC found that Holtec had improperly spent about $266,000 from the decommissioning funds of four plants on festivities and donations. Provincetown Independent
Where?
Pilgrim nuclear plant, United States; the NRC review covered the funds of four Holtec plants. Provincetown Independent
When?
NRC finding reported 13 March 2024; Pilgrim fund balance as of December 2022. Provincetown Independent
Who?
Gained
Lost
  • Decommissioning funds of four plants — About $266,000 spent on festivities and donations, which the NRC found improper Provincetown Independent
Harmed
None on record
Why?
Not stated in the sources reviewed.
How?
Holtec buys closing reactors together with their decommissioning funds; money left over after decommissioning stays with the company, and lobbying costs have been paid from the Pilgrim fund with NRC permission. Provincetown Independent
6 of 6 questions answered from the record

What happened

The record, in order.

Provincetown Independent reported on 13 March 2024 that the US Nuclear Regulatory Commission (NRC) found Holtec had improperly spent about $266,000 from the decommissioning funds of four plants on festivities and donations.

The report said Pilgrim's $1.1 billion decommissioning fund held $518 million in December 2022, and that money left after decommissioning stays with the company as profit.

The report said the NRC has permitted about half a million dollars of lobbying costs to be paid from the Pilgrim fund since 2019.

    In court and with insurers

    Every proceeding and every insurer decision on record.

    Lawsuits and rulings

    No court case on record. No court has ruled on this case.

    Insurers

    No insurer decision on record.

    What we don't know

    Undisclosed, unproven, untried: recorded as data.

    Nature

    • Not measured Harm to nature: The record holds no measurement of harm to nature.

    Record

    • Insufficient Reported but not verified: the New York Attorney General objected to $630 million of the $2.1 billion Indian Point fund being spent on spent-fuel management, and to federal reimbursements remaining with the company.
    • None on record The sources reviewed do not say whether the NRC finding led to a repayment or a penalty.
    • None on record Holtec's response to the NRC finding is not in the sources reviewed.

    Did the harm stop?

    Not stated in the sources reviewed.

    Who paid?

    Not stated in the sources reviewed.

    Sources

    Voices on record: — Company or project— Government and regulators— Courts✓ Press and investigations— Communities and civil society— Researchers

    Press and investigations

    1. Holtec decommissioning fund use
      Provincetown Independent · 2024-03-13
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