NuScale Power encounters same old story

NuScale Power, which had planned to develop a small, modular nuclear plant, has suspended operations due to lack of funding and the the Securities Exchange Commission has filed an action against its lead investor, The Michael Kenwood Group. The suit against Kenwood prevents NuScale from moving forward so it has mothballed the project. Even had the project gone ahead, it compared unfavorably economically to other, cleaner and safer sources of energy. The estimated cost of the plant was $6,000 a kilowatt, more expensive than  wind ($2,000 a kilowatt) and solar (approaching $3,000 a kilowatt installed for large projects).

"No chance of that happening"

Vermont State Senate President Pro Tem John Campbell, responded to Vermont Yankee owner, Entergy's fantasy that the Senate will reverse its decision to shut the reactor in March 2012, saying he sees "no chance of that happening." State Governor, Peter Shumlin, also favors an on-time shutdown of the plant. Entergy has been running a highly financed propaganda campaign in the state to try to convince the electorate that the company is trustworthy and that the reactor is needed for the State's electricity consumption.