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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, 2011 - April 30, 2011

Friday
Apr012011

Moodys downgrades Tepco; shareholders could be wiped out

From Bloomberg: Moody’s Japan K.K. cut its rating on Tokyo Electric and warned it may reduce it further, saying the problems at Fukushima “appear far from being resolved” and the company is likely to remain unprofitable for a long time. Senior secured and long-term issuer ratings were downgraded to Baa1 from A1, Moody’s said in a statement.

"Tokyo Electric’s shareholders may be wiped out by clean-up costs and liabilities stemming from the nuclear accident, the worst since Chernobyl. The company, known as Tepco, faces claims of as much as 11 trillion yen if the crisis lasts two years and potential takeover by the government, according to a March 29 Bank of America Merrill Lynch report."





DateApril 1, 2011 | | Print ArticlePrint Article |