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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 November 1, 2013 - November 30, 2013

Saturday
Nov232013

Nov. 25th Forum on the Decommissioning of Vermont Yankee in Montpelier

A message from Debra Stoleroff of Vermont Yankee Decommissioning Alliance (VYDA):

After more than 40 years, our efforts have paid off and the Vermont Yankee nuclear power plant is closing in 2014 and will be decommissioned.  There are many ways to decommission a nuclear power plant; some more safe than others.

So, what does deliberate, thorough and responsible decommissioning mean?  What does it look like? And how can Vermont (and we) advocate for deliberate, thorough and responsible decommissioning with a greenfield when Vermont does not have a legal say in the process?

Deb Katz of the Citizens' Awareness Network (CAN) and Chris Williams of VCAN and VYDA will address what will happen to Vermont Yankee when it closes in 2014.  They will discuss transition, clean-up, long term waste storage and what role citizens can play In the process.

Join VYDA for a forum on The Decommissioning of Vermont Yankeewith Deb Katz, Executive Director of Citizens' Awareness Network  and Chris Williams, Director of VT Citizen's Action Network and member of VYDA

Monday, November 25,6:30 pm, at the Unitarian Church, 130 Main St., Montpelier
Sponsored by the Vermont Yankee Decommissioning Alliance

For more information call: (802) 476-3154

More.

Wednesday
Nov062013

"Nuclear giant taps wind tax credit that it's trying to kill"

Greenwire has published an article by Hannah Northey, E&E reporter, exposing the hypocricy of Exelon for exploiting the very wind power subsidy that it has attacked as giving the wind power industry an unfair competition advantage.

The article reports: "Amy Grace, a North American wind analyst at Bloomberg New Energy Finance, pegged Exelon's wind PTCs [Production Tax Credits] for 2013 at $75 million to $100 million based on the company's 1.3 gigawatts of wind projects."

The American Wind Energy Association expelled Exelon from its membership in 2012 for Exelon's lobbying to kill the wind power production tax credit.

The IL reactors Exelon has identified as at risk of closing due to being outcompeted by wind power are: Clinton, Byron 1 & 2, and Quad Cities 1 & 2.

Quad Cities twin units are identical in design to Fukushima Daiichi Units 1 to 4 -- GE BWR Mark Is.

The near-term risk of closure comes despite Quad Cities already receiving a 20-year operating license extension rubberstamp from NRC, and Byron 1 & 2 having applied for one as well.