John Spears in the Toronto Star on November 18, 2011 writes about dwindling value of Ontario Power Generation’s nuclear cleanup funds:

One more risk of nuclear power: Ontario Power Generation recorded a third-quarter loss because of a sharp decline in the value of funds set aside for nuclear clean-ups.

The provincially-owned utility saw higher production from nuclear and hydro-electric units, and recorded lower operating and maintenance expenses.

Total output declined slightly as production from OPG’s coal plants declined

But funds set aside for future nuclear plant de-commissioning and for nuclear waste treatment performed poorly, recording a loss of $16 million, compared with gains of $287 million a year earlier.

Read the full article via One more nuclear risk – the dwindling value of cleanup funds – thestar.com.