Within the context of long-term waste management and sustainable nuclear fuel supply, there continue to be discussions regarding whether the United States should consider recycling of light-water reactor (LWR) spent nuclear fuel (SNF) for the current fleet of U.S. LWRs. This report presents a parametric study of equilibrium fuel cycle costs for an open fuel cycle without plutonium recycling (once-through) and with plutonium recycling (single-recycling using mixed-oxide, or MOX, fuel), assuming an all-pressurized water reactor (PWR) fleet.

This report presents results from a parametric study of equilibrium fuel cycle costs for a closed fuel cycle with multi-recycling of plutonium in fast reactors (FRs) compared to an open, once-through fuel cycle using PWRs. The study examines the impact on fuel cycle costs from changes in the unit costs of uranium, advanced PUREX reprocessing of discharged uranium dioxide (UO2) fuel and fast-reactor mixed-oxide (FR-MOX) fuel, and FR-MOX fuel fabrication.