Decommissioning and disposal funds show profits
The Federal Council approved the 2019 annual reports and accounts for the decommissioning and waste disposal funds. Both funds benefited from double-digit returns. The provisions in both funds are above the target amounts.
The decommissioning and disposal funds ( STENFO ) to be accumulated by the operators of nuclear facilities are intended to cover the costs of decommissioning Swiss nuclear power plants and the disposal of radioactive waste, explains the Federal Council in a communication . At its meeting on September 18, it approved the annual reports of the two funds for the 2019 reporting year. The two funds currently have a total of CHF 8.492 billion. At the end of 2018, the fund amounts had totaled 7.492 billion francs.
The decommissioning fund currently has CHF 2.724 billion available for the decommissioning and demolition of the nuclear facilities and the disposal of the radioactive waste generated. The funds exceeded the target amount of CHF 2.525 billion targeted for the end of 2019 by CHF 198.8 million, writes the Federal Council. A return on investment of 12.26 percent resulted in a profit of CHF 297.9 million in the fund's income statement.
The disposal fund set up for the costs of disposing of radioactive waste showed funds of 5.768 billion Swiss francs at the end of 2019. The fund was thus quoted at 615 million francs above its target amount of 5.153 billion francs, informs the Federal Council. Compared to the end of 2018, a profit of 666.8 million francs was posted. It resulted from a return on investment of 13.09 percent.