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Thursday 17 September 2009

Info Post
Via Nasdaq:
As part of a long-running rift over how to deal with the nation's nuclear power waste, the Obama administration announced plans this year to cancel the Yucca Mountain waste repository site 90 miles northwest of Las Vegas.

Although Energy Secretary Steven Chu said in April he would appoint a panel to determine the country's future nuclear waste policy, there's been no news since of who would be named and when the panel would be convened.

DOE spokeswoman Stephanie Mueller told Dow Jones on Wednesday, "We are planning to make an announcement soon," but declined to elaborate.

The Department of Energy won't say what caused the delay, but some industry officials have said one of the difficulties could be the Federal Advisory Committee Act, which guides how such panels are appointed. The law - designed to ensure an objective and balanced representation of policy options - prevents the administration from stocking the panel with members who would likely reach the same conclusion.

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