Payment of Costs
The Act established a Nuclear Waste Fund composed of fees levied against electric utilities to pay for the costs of constructing and operating a permanent repository, and set the fee at one mill per kilowatt-hour of nuclear electricity generated. Utilities were charged a one-time fee for storage of spent fuel created before enactment of the law. Nuclear waste from defense activities was exempted from most provisions of the Act, which required that if military waste were put into a civilian repository, the government would pay its pro rata share of the cost of development, construction and operation of the repository. The Act authorized impact assistance payments to states or Indian tribes to offset any costs resulting from location of a waste facility within their borders.
Read more about this topic: Nuclear Waste Policy Act
Famous quotes containing the words payment of, payment and/or costs:
“There are always those who are willing to surrender local self-government and turn over their affairs to some national authority in exchange for a payment of money out of the Federal Treasury. Whenever they find some abuse needs correction in their neighborhood, instead of applying the remedy themselves they seek to have a tribunal sent on from Washington to discharge their duties for them, regardless of the fact that in accepting such supervision they are bartering away their freedom.”
—Calvin Coolidge (1872–1933)
“There are always those who are willing to surrender local self-government and turn over their affairs to some national authority in exchange for a payment of money out of the Federal Treasury. Whenever they find some abuse needs correction in their neighborhood, instead of applying the remedy themselves they seek to have a tribunal sent on from Washington to discharge their duties for them, regardless of the fact that in accepting such supervision they are bartering away their freedom.”
—Calvin Coolidge (1872–1933)
“That which costs little is less valued.”
—Miguel De Cervantes (1547–1616)