The current edition of Newsweek contains the tortuous tale of how Energy Northwest, which operates the region's only nuclear energy plant, teamed up with two U.S. Senators from Kentucky to pull off a complex, $711 million purchase of 31 years worth of fuel for the plant.

The problem, according to the article's author, Pulitzer-prize winner David Cay Johnston, is Energy Northwest didn't need the fuel for its Richland, Wash. plant, and and paid at least a quarter of a billion too much.

"The deal crafted by Senator Mitch McConnell, the minority leader,

and Senator Rand Paul, a libertarian, required the federal agency that

owns hydroelectric dams in the Pacific Northwest, the Bonneville Power

Administration (BPA), to pay $700 million for uranium fuel that could

have been purchased on the open market for just $450 million.

Interesting sidebar: Bonneville didn't need this fuel," Johnston writes.
McCullough Research
Physicians for Social Responsibility.
"The agreements between Energy Northwest, TVA, USEC and DOE were part of

an initiative to turn depleted uranium into low-cost nuclear fuel, and

those agreements are now generating tens of millions of dollars in

additional rate case savings (2014-2017) for Northwest ratepayers.

Additionally, the cost predictability achieved by these agreements will

provide tens of millions of dollars more in regional savings through

2028," Energy Northwest wrote.
archaic and heavily-polluting technology
"This was not a business deal,"
Christopher E. Paine, a nuclear specialist at the National Resources Defense Council, an environmental group, told Newsweek. "It was exactly like the old Soviet deals in the days of Soviet central planning."