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ARTICLE ARCHIVE

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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Entries from April 1, 2010 - April 30, 2010

Tuesday
Apr062010

Nuclear utilities sue DOE to evade Nuclear Waste Fund fees

The industry's lobby arm, Nuclear Energy Institute, and 16 nuclear utilities, have sued the U.S. Department of Energy in federal court to seek a suspension to $750 million per year of ratepayer fees charged on electricity bills for radioactive waste generation at commercial reactors. The lawsuit comes in response to the Obama administration's decision to cancel the Yucca Mountain dumpsite proposal in Nevada.