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NUCLEAR WASTE DISPOSAL FUND
How much revenue has been collected to date?
interest income on these funds has been earned? Please provide a table by
year showing these amounts.
Mr. Rusche. On a cumulative basis through the end of the first
quarter in Fiscal Year 1987, total fee collections amounted to $2,681 million and total interest earnings have been $212 million. I would like to insert in the record the following table which breaks down these amounts
NUCLEAR WASTE DISPOSAL FUND Mr. Bevill. How much funding is requested in the PY 1988 budget proposal specifically for exploratory shaft drilling?
Mr. Rusche. The FY 1988 budget proposal includes $70,500,000 for construction of exploratory shafts.
NUCLEAR WASTE DISPOSAL FUND Mr. Bevill. Please explain why it is necessary to increase funding by 21% in FY 1988 for the second repository when you have concluded that this facility will probably not be required until after the year 2025.
Mr. Rusche. The $24,000,000 requested for the second repository program in FY 1988 represents a decrease from the $35,500,000 appropriated by Congress in FY 1986 and significantly less than the amounts that had been projected prior to the decisions of May 28, 1986. These projections indicated that the second repository program would have required more than $100,000,000 annually to implement the site-specific area phase investigations that had
been planned previously.
The FY 1987 funding level of $19,800,000 was established based on an FY 1986 carryover of $3,200,000 for a total FY 1987 availability of $23,000,000. The FY 1988 request of $24,000,000, when inflation is considered, represents level funding fron FY 1987 to
NUCLEAR WASTE DISPOSAL FUND Mr. Bevill. Given the pending litigation and current controversy surrounding the MRS facility, is it likely that the Department can ramp-up activity on this from a $20 million level in FY 1987 to a level as high as $58 million in FY 1988?
Mr. Rusche. If the MRS were to be approved during the latter half of FY 1987, the Department anticipates utilizing at least $78 million through FY 1988.
Mr. Myers. What is the estimated storage capacity of each of the
three sites that you are currently examining for a first repository.
Mr. Rusche. All three sites are being designed to accommodate 70,000
metric tons of spent fuel. However, until site characterization is
completed and the continuity of the geologic formations evaluated, the capacity -- both actual and potential -- of each site is uncertain. However, we believe, based on available information, that each of the three sites' should be able to readily accommodate the 70,000 metric tons of spent fuel now specified as a design basis.