Chubu Electric Power Company, Incorporated | Spent nuclear fuel at Chubu Electric Power Company, Incorporated

Status
AGM passed
AGM date
Previous AGM date
Proposal number
11
Resolution details
Company ticker
9502
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
ESG sub-theme
  • Waste and pollution
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Utilities
Company HQ country
Japan
Resolved clause
To add the following new chapter to the Articles of Incorporation: Chapter X. Spent Nuclear Fuel Article X. The company shall not reprocess spent nuclear fuel removed from nuclear power plants. 2 Existing spent nuclear fuel and plutonium that has been already extracted shall be managed safely and appropriately. Article X. The dry storage facility, whose capacity will be doubled, shall be used solely for safe management of existing spent nuclear fuel.
Supporting statement
The completion date of the Rokkasho Reprocessing Plant has been postponed 27 times. During the 31 years construction period, the construction cost has ballooned to 3.4 trillion yen, 4.5 times the initial estimate, and the total project cost including other nuclear fuel cycle facilities has reached 17.5 trillion yen. Reprocessing is advertised as if nuclear fuel can be reused repeatedly, but without a fast breeder reactor, it can be used only once at best in plutonium thermal power generation. Because of degrading of the fissile contents in plutonium, re-reprocessing has no merits. MOX fuel is 5 to 13 times more expensive than uranium fuel, even when imported, and 20 to 50 times more expensive when produced domestically so that MOX fuel only increases costs. In February, the United Kingdom announced a policy to dispose of over 100 tons of civilian plutonium. Plutonium, which has become a bad debt, no longer has any meaning to be extracted from spent nuclear fuel, and the process scatters enormous radioactivity into the environment, which causes health damage to surrounding residents. Environmental pollution was observed in Rokkasho Village at the test stage. Reprocessing should not be promoted.

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