Subsidies

The nuclear industry has been heavily subsidized throughout its 50+-year history in the U.S. It continues to seek the lion's share of federal funding since it cannot otherwise afford to expand.

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Entries from April 1, 2016 - April 30, 2016

Thursday
Apr072016

Resistance continues against nuke industry mega-money grabs

"Burning money" graphic art by Gene Case, Avenging AngelsFrom FirstEnergy's problem-plagued Davis-Besse in OH, to Dominion's Millstone twin unit power plant in CT, nuclear utilities are seeking many billions of dollars in public subsidies to prop up dirty, dangerously age-degraded, and uncompetitive atomic reactors. Exelon is now the country's largest electric provider, after its hotly disputed takeover of Pepco; it simultaneously plans to gouge Mid-Atlantic ratepayers, while also lobbying the states of IL and NY for multi-billion dollar bailouts. For its part, Entergy -- despite its welcome announcement of FitzPatrick's closure date -- seeks public subsidy even for its cash cow Indian Point, with a likely lawsuit up its sleeve, if it doesn't get what it wants. But ratepayers and environmental groups across the country are uniting to urge elected officials to protect them from the risks of such 21st century nuclear robber barons. More.