The New York State Common Retirement Fund has proposed several shareholder resolutions about nuclear power safety during the 2013 proxy season, continuing inquiries it began in the wake of the Fukushima nuclear disaster. This year’s proposal asks for a “policy to better manage the dangers that might arise from an accident or sabotage by minimizing the storage of waste in spent fuel pools and transferring such waste at the earliest safe time into dry cask storage,” and a report for investors.
The request comes in the wake from recommendations in two recent reports that nuclear plant operators transfer spent fuel to dry cask storage as soon as possible and take other steps to safeguard facilities and communities to avoid catastrophic events should accidents or terrorist attacks occur. Entergy says that given the extensive regulations governing its operations and its own, time-tested programs, management and the board are best left to make decisions surrounding spent fuel storage. It also says that the proponent’s proposal is overly prescriptive and would bind it to operating procedures that might not be the most prudent for the company or its shareholders.
Read Si2’s report on the resolution and background on the subject: