Chapter 18 - Confronting Uncertainty: Contingency Planning for Decommissioning

Bruce Biewald and Stephen Bernow

The Energy Journal, 1991, vol. Volume 12, issue Special Issue, 233-246

Abstract: Contingency factors are a standard ingredient in all types of estimated costs. The actual contingency figure used, however, is always open to question. Given the absence of large-scale decommissioning projects, the long future time reference, the history of early shutdowns, and possibility of accidents, there continues to be a substantial controversy regarding the contingency level that is most appropriate. In this chapter, Bruce Biewald and Stephen Bernow present a critical review of the matter of contingency factors, arguing that current common levels in the neighborhood of 25 percent are too low.

JEL-codes: F0 (search for similar items in EconPapers)
Date: 1991
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