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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 December 1, 2017 - December 31, 2017

Thursday
Dec212017

Nuclear Watch South Statement on PSC Vote to Continue Vogtle Construction

FOR IMMEDIATE RELEASE | Contact: Erin Glynn, 404-939-4701, eglynn@calliins.com  | Glenn Carroll, 404-378-4263, atom.girl@nonukesyall.org

NUCLEAR WATCH SOUTH STATEMENT ON GEORGIA PSC VOTE TO ALLOW VOGTLE 3 & 4 CONSTRUCTION TO CONTINUE

Georgia Public Service Commissioners have recognized the outrageous expense and risk associated with completing the troubled Westinghouse AP1000 reactors at Vogtle 3 and 4. The Commission voted to limit Georgia ratepayer exposure to the project to 7.4 billion dollars, a number that Georgia Power has repeatedly stated is insufficient, and is attaching even that level of support to a hoped-for Act of Congress to pass a future tax credit extender that was excluded from the tax bill now awaiting the President’s signature. 

Additionally, the Commission opted today not to vote on the controversial Revised Joint Owners Agreement between for-profit Georgia Power and the nonprofit co-owners of Vogtle, which has been testified to as potentially criminal under Federal Anti-Trust law. Therefore, Nuclear Watch South sees today's vote as progress towards a full and final cancellation. 

“The Vogtle project is contingent upon conditions which cannot be met,” says Erin Glynn, attorney for Nuclear Watch South.

[Vogtle 3 & 4 also put $12 billion of federal taxpayer-back nuclear loan guarantees at risk. See Beyond Nuclear's Loan Guarantee website section, for more info. on this.]
Tuesday
Dec192017

After Airport Blackout, Georgia Utility Faces Key Nuclear-Plant Vote

Georgia Power CEO says nuclear vote and airport blackout are ‘separate issues’

The Atlanta airport blackout could hardly have come at a worse time for Southern Co. subsidiary Georgia Power.

Days after the outage, which authorities say appears to have been caused by a fire in a piece of Georgia Power equipment, state utility regulators on Thursday are set to decide the fate of a half-finished nuclear plant the company is building that is years behind schedule and billions over budget...[the rest of the article is behind a pay wall].

Friday
Dec152017

Trump's Dirty Energy Bailout: Recording & Resources

This from Allison Fisher at Public Citizen:

Hi All,

Thank you for your interest in the Climate Reality Check’s December call with Tyson Slocum, director of Public Citizen’s Energy Program and Casey Roberts, Senior Lawyer, Sierra Club Environmental Law Program. (See the original conference call invite, in the Update below, for bios on the speakers and an introduction to the subject matter covered on the call.)

ICYMI - You can listen to the call here:  https://fccdl.in/XQvE4g5NR

Resources and Actions:

For background on the DOE’s bailout proposal, check out David Roberts at Vox:

For more on the RTO’s bailout proposal, check out this blog by Tyson Slocum: http://www.citizenvox.org/2017/12/11/trumps-biggest-threat-clean-energy/

Who will be affected by the Bailout?

RTO map:  https://www.ferc.gov/industries/electric/indus-act/rto.asp.  DOE's proposal would apply to PJM, ISO-NE, and NYISO.  The PJM proposal put forward in response to the FERC process would apply only in PJM

What can states do? Get your state consumer advocate to weigh in on the proposals before FERC:

CAPS: http://www.pjm-advocates.org/Home.html

What can individuals do? Sign these comments to FERC opposing the bailout: http://action.citizen.org/p/dia/action4/common/public/?action_KEY=13640

[What else can individuals do?  Sign NIRS's comments to FERC opposing the bailout:

http://org2.salsalabs.com/o/5502/t/0/blastContent.jsp?email_blast_KEY=1408141]

 

Let me know if you...want to get involved in efforts to stop the bailout...at afisher@citizen.org

Best,

Allison