Abstract
This chapter constitutes the third view of nuclear trust fund investment. It addresses several overall strategies of such investment by identifying the types of trusts, investment objectives, risk considerations, and the historical record. The author uses a fund adequacy analysis to examine expected cost growth, expected fund value, actual cost growth vs. expected cost growth, and actual fund value vs. expected fund value. He believes that while the long-term goal of such nuclear decommissioning trust (NDT) investment is quite definable, the practical ability to meet the goal is limited. Under the current requirements, he considers the realistic prognosis for a real return on investment to be low, if not zero, even with the close monitoring that will be needed.
Get full access to this article
View all access options for this article.