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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 September 1, 2016 - September 30, 2016

Friday
Sep302016

DOE Task Force on the Future of Nuclear Power draft report calls for massive national subsidies to prop up dying industry

In Sept., 2016 the Secretary of Energy Advisory Board, Task Force on the Future of Nuclear Power, published its Draft Report. The report calls for massive nationalized subsidies, to prop up dirty, dangerous/age-degraded, expensive/un-competitive, atomic reactors across the U.S.

[This Task Force report was cited in NIRS Nov. 2016 report, Too Big to Bail Out. The NIRS report, by its executive director, Tim Judson, estimates that a New York-style bail out, implemented across the U.S., could cost American ratepayers and/or taxpayers, a whopping $280 billion.]

DateSeptember 30, 2016 | | Print ArticlePrint Article |
Thursday
Sep152016

PowerMag: Illinois Nuke Rescue Package is Alive but Sketchy

Kennedy Maize at PowerMag reports:

When Exelon earlier this year shocked the nuclear industry by declaring it would close its money-losing Clinton and Quad Cities plants in Illinois, the Chicago-based generating giant said it could change its mind if the state legislature would come up with a financial rescue package. That may happen, but the odds are against it.

[Please note that the article's report that the Illinois state legislature is "Republican-controlled" is incorrect. The Democratic Party actually holds large majorities in both the Illinois State Senate and the Illinois State House. Illinois Governor Rauner is Republican, however.]

Exelon's nuclear lobbyists appear ready to push their greed-driven agenda during the Illinois state legislature's lame duck session, the article reports:

“The Legislature meets for a few days in November,” Exelon spokesman Brett Nauman told the Pantagraph. “Hopefully, they could act before the end of the year and Exelon could potentially reverse the decision. But as of now, we have to move forward with plans to close.” (emphasis added)

Although the article's subject line most likely refers to definition 1 below, definition 2 is equally apt, or more so, re: Exelon's bailout lobbying shenanigans, at Illinois rateapayer expense!

(sketch·y
 
adjective
 
  1. 1.
    not thorough or detailed.
    "the information they had was sketchy"
    synonyms: incomplete, patchy, fragmentary, cursory, perfunctory, scanty, vague, imprecise, imperfect; More
    hurried, hasty
    "we have only a sketchy description of the assailant"
    antonyms: detailed
    • (of a picture) resembling a sketch; consisting of outline without much detail.
  2. 2.
    North American informal
    dishonest or disreputable.
    "once the story does come out, the fact that you tried to hide it will seem sketchy")
DateSeptember 15, 2016 | | Print ArticlePrint Article |