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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POWER PLANTS: State lawmakers have not yet reached an agreement on a bill that would subsidize nuclear and coal plants in Ohio, passing a deadline initially set by FirstEnergy. (Cleveland Plain Dealer)
As reported by Midwest Energy News:
NUCLEAR: Ohio Senate Republicans move quickly to draft a substitute bill to support two nuclear plants before lawmakers break for the summer. (Utility Dive, Toledo Blade)
As reported by Midwest Energy News:
NUCLEAR: FirstEnergy says it can’t disclose to lawmakers or the public the unprofitability of two nuclear plants due to ongoing bankruptcy proceedings. (Cleveland Plain Dealer)
And yet, it wants those Ohio state legislators to approve a massive public bailout for FirstEnergy's dangerously age-degraded Davis-Besse and Perry atomic reactors.
July 1, 2019