Aluminum-clad spent nuclear fuel is stored in water filled basins at the Savannah River Site awaiting processing or other disposition. After more than 35 years of service underwater, the aluminum storage racks that position the fuel bundles in the basin were replaced. During the removal of the racks from the basin, a failure occurred in one of the racks and the Savannah River Technology Center was asked to investigate. This paper presents the results of the failure analysis and provides a discussion of the effects of corrosion on the structural integrity of the storage racks.