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Nuclear Costs

Estimates for new reactor construction costs continue to sky-rocket. Conservative estimates range between $6 and $12 billion per reactor but Standard & Poor's predicts a continued rise. The nuclear power industry is lobbying for heavy federal subsidization including unlimited loan guarantees but the Congressional Budget Office predicts the risk of default will be well over 50 percent, leaving taxpayers to foot the bill. Beyond Nuclear opposes taxpayer and ratepayer subsidies for the nuclear energy industry.

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Monday
Apr022018

How to declare bankruptcy, shutter your biggest assets, and still earn $14 million

Monday
Apr022018

FirstEnergy throws a tantrum -- again

Thursday
Mar292018

FirstEnergy announces four reactor closures, scheduled for 2020 and 2021

Friday
Feb232018

FirstEnergy CEO says generation subsidiary headed for bankruptcy protection

Thursday
Feb222018

FirstEnergy's Beaver Valley nuclear power plant likely headed for bankruptcy next month