How would you like to pay $28 billion and get nothing for it? That's what collectively happened to customers of nuclear plants who have paid $28 billion over decades for a central storage site to store highly radioactive waste.
A federal court last week ordered that a 0.1 cent per kilowatt-hour charge to customers of utilities be stopped after decades of collection. Those fees have created a $28 billion fund that earns $1.3 billion of interest per year and was still collecting annually $750 million in new payments.
These numbers are just astonishing and certainly put tax credits for renewable energy in a favorable light. Those credits have helped to create more than 60,000 megawatts of wind generation and 10,000 megawatts of solar generation, with much more on the way.