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Confronting Uncertainty: Contingency Planning For Decommissioning

Author

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  • Bruce Biewald
  • Stephen Bernow

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.

Suggested Citation

  • Bruce Biewald & Stephen Bernow, 1991. "Confronting Uncertainty: Contingency Planning For Decommissioning," The Energy Journal, , vol. 12(1_suppl), pages 233-246, June.
    • Handle: RePEc:sae:enejou:v:12:y:1991:i:1_suppl:p:233-246
    DOI: 10.5547/ISSN0195-6574-EJ-Vol12-NoSI-18
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