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CWIP

CWIP, or Construction Work in Progress, is a law, fortunately existent only in a handful of U.S. states, that allows a utility to charge ratepayers higher rates to cover future costs of a yet-to-be-constructed reactor, even if that reactor is never built.

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Entries from November 1, 2009 - November 30, 2009

Friday
Nov272009

Nuke subsidies: "All risk, no reward, for taxpayers and ratepayers"

A new report, "ALL RISK, NO REWARD, FOR TAXPAYERS AND RATEPAYERS: THE ECONOMICS OF SUBSIDIZING THE 'NUCLEAR RENAISSANCE' WITH LOAN GUARANTEES AND CONSTRUCTION WORK IN PROGRESS," by Mark Cooper, Senior Fellow for Economic Analysis at the Institute for Energy and the Environment of the Vermont Law School, shows that the American public could face trillions of dollars of financial risk and added costs if a new generation of atomic reactors is built in the U.S.