Chris Williams, VCAN & VYDA, "Entergy Nuclear, Resisting a Rogue Corporation," Palisades, MI, Thurs., Jan. 16th

Yard signs created by Michigan Safe Energy Future--Kalamazoo Chapter

[And please also mark your calendars for Dr. Jeff Patterson, National Board Chair of Physicians for Social Responsibility, who is scheduled to speak about "Nuclear Power: What you need to know about Price, Pollution and Proliferation," on the evening of Feb. 14th, at the same venue as Chris Williams below. Dr. Patterson will also speak in numerous additional Michigan communities, on a week-long speaking tour in mid-February. This will include Western Michigan University in Kalamazoo on Feb. 13th, at 7 PM. It will also include stops in southeast MI, targeted by Detroit Edison for the proposed new Fermi 3 GE-Hitachi atomic reactor in Monroe County. Dr. Patterson's additional stops in other Michigan cities will be announced ASAP.]

Shamefully, NRC rubber-stamped a 20-year license extension at Vermont Yankee (VY) just days after the meltdowns, explosions, and catastrophic releases of hazardous radioactivity from the identically-designed Fukushima Daiichi General Electric Mark I Boiling Water Reactors, but Vermont forced VY's permanent shutdown anyways! Let's hope that Michiganders (and Michigeese, and Michigoslings) will be inspired by, and follow the model of, their Green Mountain State allies...

Entergy Nuclear: Resisting a Rogue Corporation and its Radioactive Risks

A presentation by Chris Williams of Vermont Citizens Action Network as well as Vermont Yankee Decommissioning Alliance

Thursday, January 16, 2014, 6:30 to 9:00 PM,

Lake Michigan College,

125 Veterans Blvd., Room 141

South Haven, MI 49090

(For directions to campus, location of parking, etc.,
see: http://www.lakemichigancollege.edu/SH)

Come learn about Entergy Nuclear’s dirty dozen atomic reactors, including the problem-plagued Palisades near South Haven. Chris Williams is a leader of the ongoing, highly successful grassroots campaign to shutdown Entergy's dangerously degraded Vermont Yankee atomic reactor (a Fukushima Daiichi twin design). Having stopped proposed new reactors in Indiana during his 25 years of service as Executive Director of Citizen Action Coalition, he will show how community organizing can stop dirty, dangerous, and expensive atomic reactors, and replace them with efficiency and renewables like wind and solar.

Chris Williams, is a long time sustainable energy policy activist. He is currently organizer for the Vermont Citizens Action Network, a grassroots organization working to close the Vermont Yankee nuclear station and replace it with sustainable energy generation. Williams has a long professional history working with public interest organizations. For 25 years he was the executive director for Citizens Action Coalition of Indiana, a not for profit consumer and environmental advocacy organization. CAC conducts extensive grassroots public education campaigns concerning, public utility regulation, energy policy, environmental policy, and the preservation of family farms.

Co-sponsored by Michigan Safe Energy Future (http://michigansafeenergyfuture.com),
Beyond Nuclear (www.beyondnuclear.org),
and Don’t Waste Michigan (http://dwmi.homestead.com).

For more info, contact Bette Pierman, Michigan Safe Energy Future, (269) 369-3993 or

Kevin Kamps, Beyond Nuclear, (240) 462-3216

[See the event flier here]

Vogtle nuclear loan guarantee drags into fifth round of delays

Aerial image of Plant Vogtle Nuclear Generating Station - photo credit to High Flyer. The photo shows the operating Units 1 and 2, as well as the construction site for proposed new Units 3 and 4.As reported by Platts, and conveyed in a Friends of the Earth press release, the December 31, 2013 U.S. Department of Energy deadline for finalization of the $8.3 billion federal taxpayer backed nuclear loan guarantee for Vogtle 3 & 4 has been extended yet again, for a fifth time, until the end of January, 2014.

As reported by FOE: "Freedom of Information Act requests and litigation revealed that the credit subsidy fee offered to Southern Company ranged from 0.8 to 1.5 percent. The credit subsidy fee is supposed to insulate against default, but the fee offered to Southern Company is woefully inadequate to cover the risks involved in major nuclear construction. According to the Nuclear Regulatory Commission, 32 percent of reactor construction is cancelled before any electricity is produced."

NRC rubber-stamped the Vogtle 3 & 4 combined Construction and Operating License Application (COLA) by a 4 to 1 vote at the Commission level. Chairman Greg Jaczko cast the lone dissent, citing "Fukushima lessons learned" not yet applied to the Vogtle 3 & 4 project. It was the first reactor license application approved since 1978; all approved license applications filed after October 1973 were ultimately cancelled.

Watchdog groups have long called for a credit subsidy fee commensurate with the risk of the nuclear new build proposals. Congressional auditors reported several years ago that new reactors, historically, have had a 50% risk of cancellation and potential default. The Vogtle 3 & 4 nuclear loan guarantee puts 15 times more taxpayer money at risk than did the Solyndra loan guarantee scandal, which had a significantly lower risk of default than does Vogtle 3 & 4.

Vogtle 1 & 2 were the poster children for cost overruns in decades past, coming in with a price tag 1,300 percent higher than originally estimated! Vogtle 3 & 4's price tag has also skyrocketed over the past several years.

The only way that Vogtle 3 & 4 have proceeded this far is that Georgia lawmakers made legal what is illegal in most states: the gouging of ratepayers on their electricity bills with "Construction Work in Progress" (CWIP) surcharges for the building of the new reactors. This makes ratepayers unwilling investors, who receive no share of the profits that are made -- at who are put at risk of losing every penny invested, if the project ever goes belly up. Ratepayers in Florida just experienced this at the Levy new build site -- $1.5 billion lost, and nothing to show for it.

Thus, the Vogtle 3 & 4 CWIP and federal loan guarantee subsidies join a half-century of ratepayer and taxpayer subsidies to the nuclear power industry, as documented by Union of Concerned Scientists in 2011, to the tune of tens to hundreds of billions of dollars.

Given the Obama administration offered the $8.3 billion nuclear loan guarantee nearly four years ago, and now this latest delay, concerns continue to mount that the project is a financial house of cards, and will ultimately leave taxpayers holding the bag. Nuclear Watch South has called for taxpayers to express their concerns to decision makers, as has Beyond Nuclear.