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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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Friday
Dec022016

ACTION ALERT -- IMMEDIATE ACTION NEEDED! Tell IL Governor and Legislators Exelon Nuclear Bailout is Outrageous!

IMMEDIATE ACTION NEEDED!

There may still be a chance to stop the Exelon Nuclear bailout in IL, for as Utility Dive reports

Tell IL Governor and Legislators and Legislative Leaders that Exelon Nuclear Bailout is Outrageous!

Exelon's $1.6 Billion+ Bailout Poised for Final Passage - Say "NO!" to Nuclear Bailout!
 
The Exelon Legislation, now going by the number SB 2814 Amendment 2, and the name of "the Future Energy Jobs Bill," is poised for passage.
It is imperative that calls go in to your legislators [IL legislative leaders, and the governor] with the messages below.
 
What you can do:
 
1.)    Contact your State Legislators with this message: Simply say NO to Exelon's Nuclear Bailout!
  • NO bailouts for Exelon's aging, money losing reactors
  • Fix the Renewable Portfolio Standard (RPS), once and for all
  • Support community created and controlled jobs in renewable energy and energy efficiency
  • Enact a "just transitions" program for reactor communities and displaced workers; 
  • Enact strong reactor decommissioning laws
  • Let them know you will remember their vote at the next state elections
To find out who your State Legislators are, click here:
 
2.)   and also call...
  • Governor Bruce Rauner   (312) 814-2121 
  • House Speaker Michael Madigan   (217) 782-5350 
  • Senate Pres. John Cullerton     (773) 883-0770
  • Likewise, let Gov. Rauner know you will remember his bad deal with Exelon Nuclear at the time of the next gubernatorial election!

If this bailout is stopped, three reactors in IL will be closed: Clinton by June 1, 2017, and Quad Cities 1 & 2 by June 1, 2018.

If this bailout goes through, then those three dirty, dangerous, and expensive reactors will keep operating. This means more high-level radioactive waste generation, and worsening safety risks at these age-degraded, 40+ year old reactors!

Friday
Dec022016

Lawmakers end veto session with vote to keep nuke plants open

From today's Midwest Energy News:

NUCLEAR: The Illinois General Assembly passes a wide-reaching energy bill that will provide financial support for two of Exelon’s struggling nuclear plants as well as increase investments in renewable energy and efficiency. (Southern Illinoisan)

Here is the vote count:

The Illinois State House voted 63-38 in support, and the Senate 32-18, of the Future Energy Jobs Bill (S.B. 2814), and Public Citizen expects Governor Bruce Rauner will sign it into law.
The bill will provide about $235 million annually in total to Exelon's 6 existing nuclear plants through a ten-year contract beginning June 1, 2017 - paid for by consumers -  for a total cash value to Exelon of $2.35 billion.
Legal challenges before the Federal Energy Regulatory Commission (FERC) by opponents to the nuclear bailout in IL are in the offing, as have already been filed against the nuclear bailout in NY.
Thursday
Dec012016

Stop the Cuomo Tax! No Nuclear Bailout! Event in New York City on Tues., Dec. 6

Action alert from Stop the Cuomo Tax:

Our mission to Stop the Cuomo Tax has always been about protecting the wallets of hard-working New Yorkers. And with Gov. Cuomo’s annual birthday fundraiser just around the corner, now is a perfect opportunity for us to tell him how we feel about his billion dollar bailout plan.

Join us outside the Longacre Theater on December 6. Let’s send a message that this nuclear bailout must be sent back to the drawing board.

Tuesday, 12/6 at 5:30 pm
The Longacre Theatre
220 W 48th St, New York City

RSVP NOW

Gov. Cuomo will be cozying up to wealthy donors, lobbyists, and corporate officers during his annual birthday fundraiser in just a few weeks. And at the very same time, he’s proposing to put a $7.6 billion price hike onto the backs of hard-working New Yorkers who can barely afford their electric bills as is.

Join us on Tuesday, December 6 and say ‘NO’ to the Cuomo Tax. take this opportunity to let him know how we feel.

This is a great opportunity to send a message to the governor, and we can't wait to see you all on Tuesday.

Alex Beauchamp
Stop the Cuomo Tax

SAVE THE DATE

Thursday
Dec012016

Rauner, Exelon reach deal over nuclear plant subsidies | Midwest Energy News - Thursday, December 1

As reported at Midwest Energy News:

NUCLEAR: Illinois Gov. Bruce Rauner agrees to a deal with Exelon over a major energy bill that would subsidize nuclear plants there. (Quad-City Times)

(Jeffrey Tomich, E&E News reporter, has also reported "Rauner-Exelon agreement clears way for energy bill passage.")
Wednesday
Nov302016

Major Illinois energy bill advances with two days left in session

[See NEIS action alert at bottom of this post for what IL residents can do! If you know people in IL, please get word to them -- action is needed ASAP!]

As reported by Kari Lydersen in Midwest Energy News.

David Kraft, director of Nuclear Energy Information Service (NEIS) of Chicago, has written the following response to the article and the legislative developments:

Kudos to the brilliant and accurate almost daily reporting of Kari Lydersen on this extremely important legislation!  It's a moving target for everyone, and this piece nails it well. 

Of great importance in understanding the magnitude of the upcoming decision, and the nature of the opposition, were some of the critical comments that occurred at the end of the House Energy Committee hearing on Tuesday 11/29.

There were significant criticisms from the Ill. Attorney General's office (e.g., that low-income EE funding was cut in half in the new version; that the new "ZES" in effect locks in a 10-year uncontestable rate-hike; LIHEAP provisions were removed from the previous version),  AARP, and the blockbuster opposition at the very end of the hearing from BOMA, Ill. Manufacturers Assn., Chemical Industry Council, and the Illinois Petroleum Council.  These latter 4 are usually Exelon supporters, and all came out strongly in opposition to the 450+ page Exelon nuclear bailout, citing that it is a net "jobs killer," and that, "turns the [highly successful] Illinois deregulation process (which was worked on for more than 6 months) on its head," undoing nearly 20 years worth of multi-billion dollar, market-based  energy savings with only 3 days of examination by legislators.  They also pointed out the obvious:  EITHER choice produces a rate increase; and they would rather live with the rate increase that was still governed by market forces, and not legislative fiat.

We would also emphasize the important distinction that "acceptance" of the nuclear bailout in the proposed bill by SOME in the  environmental community is not the same as "support" for either a bailout or nuclear power.  The environmental community has been split on the legislation over various issues at various times; and forced by Exelon’s allies in the legislature into this ‘nuclear hostage’ situation by the typical ‘horse-trading’ politics  that goes on in Springfield.  The enviros were forced to accept the Sophie’s choice of acceding to a nuclear bailout or else not see legislation promoting important renewable energy and energy efficiency programs move forward.  That’s not good energy policy, nor good governance.  That’s legalized extortion.

--Dave Kraft, director, Nuclear Energy Information Service, Chicago--

Although it is now very late in the game, there is still time to take action to oppose Exelon's massive nuclear power subsidies in IL. If you live in IL, please take action ASAP -- see NEIS's action alert below. If you know people who live in IL, please get word to them, and urge they take action ASAP, as well.

NEIS ACTION ALERT --  IMMEDIATE ACTION NEEDED!

Exelon's $1.6 Billion Bailout Up for a Final Vote - Say "NO!" to Nuclear Bailout!
 
The Final Battle is upon us.  The Exelon Legislation, now going by the number SB 2814 Amendment 2, and the name of "the Future Energy Jobs Bill," [is up for a final vote].
It is imperative that calls go in to your legislators [IL legislative leaders, and the governor] with the messages below.
 
What you can do:
 
1.)    Contact your State Legislators with this message: Simply say NO to Exelon's Nuclear Bailout!
  • NO bailouts for Exelon's aging, money losing reactors
  • Fix the Renewable Portfolio Standard (RPS), once and for all
  • Support community created and controlled jobs in renewable energy and energy efficiency
  • Enact a "just transitions" program for reactor communities and displaced workers; 
  • Enact strong reactor decommissioning laws
 
To find out who your State Legislators are, click here:
 
2.)   and also call...