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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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Thursday
Apr052018

Trump comments on FirstEnergy bailout

Dick Munson of Environmental Defense Fund cited this Twitter feed, and commented:

The president had dinner last night with a FirstEnergy lobbyist and today’s he’s talking about giving the company a massive bailout.  Please raise your voice … quickly.

Tuesday
Apr032018

This is a ‘test case’ for whether Trump is really serious about saving coal and nuclear plants

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

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