EnergySolutions wants to go public

EnergySolutions announced in March 2007 that they are seeking to become a publicly traded corporation.

EnergySolutions is the largest commercial nuclear waste dump in the U.S. 96% of the nuclear waste disposed of at commercial facilities in the U.S. is dumped here in Utah at EnergySolutions. Their operations, in Clive, Utah, brought in 44% of their total revenue in 2006, making dumping nuclear waste in Utah central to EnergySolutions' economic viablity.

EnergySolutions thrives at the expense of the public interest. During the last legislative session, they stomped on the wishes of 78% of Utahns who opposed their legislation to take nuclear waste decisions away from our elected leaders. They profit from sacrificing our environment and risking our public health by transporting nuclear waste on our highways and railroads. And yet, despite their belittling and blatant disregard for the public, EnergySolutions recognizes that the concerns of the public are the number one risk related to their success:

“The risks associated with radioactive materials and the public perception of those risks can affect our business.…[P]ublic interest groups and the Governor of Utah recently have made public statements regarding their desire to limit the source and volume of radioactive materials that we process and dispose at our Clive facility. If any such efforts to limit our Clive operations were successful, then our business would suffer. Even if these types of efforts are unsuccessful, public criticisms of our business resulting from these efforts could harm our reputation, and our stock price could suffer...” (SEC filing, March 2007, pg. 13)

To read their filing, click here

Envirocare Says: "Supersize Me"

When the new owners of EnergySolutions (then Envirocare) announced their intentions in February of 2005 to abandon their push for disposal of hotter Class B and C radioactive waste in Utah, the Deseret Morning News asked company CEO Steve Creamer what he would ask for in return. He replied, "Not a thing... We're not going to be back asking for anything else. We're happy."

Less than two weeks later, EnergySolutions quietly submitted a proposal to double the size of their radioactive waste landfill. The proposal calls for adding 536 acres of land to the existing facility—543 acres Envirocare first obtained in 1987. EnergySolutions admits to having 20 years of nuclear waste disposal capacity at their existing facility. The expansion would lock Utah into being the nation's dumping ground for radioactive waste for at least an additional 50 years.