PFS exec cites costs for termination of Utah used-fuel license

01/2/2013 | Platts

Economics was the primary reason behind Private Fuel Storage's request to terminate its license for the development of a storage facility for used nuclear fuel in Utah, said Robert Palmberg, chairman of the company's board. PFS was spending hundreds of thousands of dollars annually to maintain the license, he said. There were also "political hurdles" involved in its decision, but there were no "technical flaws," Palmberg added.

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