As reported by Kari Lydersen in Midwest Energy News, including a sub-section entitled "Driven by nuclear subsidy."
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.
UTILITIES: Ohio-based FirstEnergy continues to seek ratepayer support in order to boost its credit rating. (Midwest Energy News)
REGULATION: Researchers say Ohio businesses, residents and industries saved $15 billion on electricity between 2011 and 2015 due to the state’s de-regulated market. (Cleveland Plain Dealer)
COAL: An Ohio utility is considering closing two coal-fired plants in the southern portion of the state, citing “market-driven financial challenges.” (Dayton Daily News)
GRID: Consumer advocates say grid-reliability upgrades by AEP are not justified by the costs imposed on ratepayers. (Columbus Dispatch)
OIL AND GAS: The Sierra Club files an antitrust complaint with federal regulators against a proposed natural gas pipeline through Ohio and southeast Michigan, alleging it will raise prices above competitive rates. (Detroit News)
[Beyond Nuclear has helped lead an environmental coalition for six years, seeking to block FirstEnergy Nuclear's license extension from 2017 to 2037 at its problem-plagued Davis-Besse atomic reactor on the Great Lakes shore. FirstEnergy has long sought massive bailouts -- at ratepayer expense -- from the Public Utilities Commission of Ohio. But the money grab has largely failed, thanks to ongoing resistance by groups like Sierra Club, Ohio Environmental Council, Environmental Defense Fund, and public interest and ratepayer advocacy organizations (such as AARP). FirstEnergy has secured subsidies for transmission upgrades. But its nuclear and coal lobbyists continue to try to re-regulate the electricity market in OH -- even though they demanded de-regulation in the first place, a decade or more ago -- and were rewarded massive "stranded cost" bailouts at that time, again at public expense. All this nuclear lobbying, simply because Davis-Besse can't compete with cheaper sources of electricity, including wind power.
The same coalition of which Beyond Nuclear is a part have also challenged the Fermi nuclear power plant in southeast MI for many years. It is owned by Detroit Edison (DTE). DTE owns/operates Fermi 2 -- a troubled Fukushima Daiichi twin design -- and proposes a new reactor, Fermi 3. DTE is also behind the NEXUS fracked gas pipeline.
Fermi and Davis-Besse are visible with the naked eye, one from the other, across the waters of Lake Erie's very shallow (average 23-24 feet deep) western basin.]
POLICY: A six-hour hearing Wednesday over a proposed massive energy bill in Illinois leaves clean energy groups divided due to the complex and vast mosaic of interests at play. (As reported by Kari Lydersen at Midwest Energy News).
As reported by E&E News, in an article entitled "Does Trump's wind upend or aid Exelon and its nuclear subsidy plan?":
The NRDC [Natural Resources Defense Council] joined the Sierra Club and Environmental Defense Fund this week in support of key pieces of the bill, including the nuclear subsidies and renewable energy and energy efficiency provisions in Commonwealth Edison's service areas in northern Illinois. The environmental groups continue to oppose provisions that support southern Illinois coal plants and less-aggressive efficiency goals. (emphasis added)
The E&E article also reported:
"...[Cara] Hendrickson from the [IL] attorney general's office said the nuclear provision alone would add $285 million a year to Illinois utility bills."
Given it's a six-year long scheme, that amounts to a $1.6 billion nuclear power bailout in IL.
One clean and safe energy group that adamantly opposes Exelon's nuclear power subsidies is the 35-year watchdog on Nuclear Illinois, the Nuclear Energy Information Service (NEIS) of Chicago. NEIS has issued action alerts opposing the massive proposed nuclear power subsidies, intended by Exelon to prop up age-degraded, financially failing atomic reactors that would otherwise permanently close (please spread word to everyone you know in IL, and urge them to take action):
NEIS ACTION ALERT -- IMMEDIATE ACTION NEEDED!
- NO bailouts for Exelon's aging, money losing reactors
- Fix the Renewable Portfolio Standard (RPS), once and for all
- Oppose ComEd's "demand charge" and monopolistic community solar plan; and preserve solar net-metering
- Support community created and controlled jobs in renewable energy and energy efficiency
- Enact a "just transitions" program for reactor communities and displaced workers;
- Enact strong reactor decommissioning laws
- Governor Bruce Rauner (312) 814-2121
- House Speaker Michael Madigan (217) 782-5350
- Senate Pres. John Cullerton (773) 883-0770
- A $1.6 billion bailout for three of Exelon's money-losing reactors
- ComEd's universally unpopular "demand charge" way of billing customers
- The elimination of solar "net metering" in its present form
Thanks for Scott Stapf of the Hastings Group for these related Tweets: