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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"Burning Money," graphic by Gene Case/Avenging Angels, which appeared on the cover of The Nation in 2003, accompanying an article about the nuclear power relapse, authored by Christian ParentiBy Cassandra Jeffery, and M. V. Ramana, published in the Bulletin of the Atomic Scientists.
February 12, 2021