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.
Two op-eds published in the Cleveland Plain Dealer advocate that FirstEnergy Nuclear Operating Company (FENOC) should not be allowed to saddle Ohio ratepayers with a $3 billion surcharge over the next 15 years. FENOC seeks the subsidy to keep two dirty, dangerous, and uncompetitive power plants on life support (the Davis-Besse atomic reactor near Toledo, and the Sammis coal plant on the Ohio River).
The first op-ed was written by Connie Kline, a long-time nuclear power watchdog in northeast Ohio. She focused on safety risks at FENOC's problem-plagued Davis-Besse reactor.
A second op-ed opposing the bailout was co-written by three Cuyahoga County elected officials (a state senator, a Cuyahoga County council member, and a Cleveland city council member). It described burdening hard-working Ohio ratepayers with this subsidy for FirstEnergy as "unconscionable and unacceptable," and urged the Public Utilities Commission of Ohio (PUCO) to reject the plan.
Readers are encouraged to join in the debate by submitting comments in the section under the op-eds.
As reported by UtilityDIVE and Argus Media, the Maryland Public Service Commission (MD PSC) has given itself till May 8th to decide whether or not to approve the proposed $6.8 billion merger between Exelon Nuclear and the Mid-Atlantic electric utility Pepco. There have been multiple postponements by the MD PSC over the decision, amidst opposition and concerns, including from the State of Maryland Energy Administration.
The MD PSC was originally scheduled to reach a decision in February. Exelon hopes to complete the merger by September.
As just announced by the University of the District of Columbia's (UDC) David A. Clarke School of Law, two panels of experts will examine the question of whether or not the proposed purchase of PEPCO by Exelon Nuclear is in the public interest for District of Columbia ratepayers.
The event will be held on Wed., April 8, 2015 from 7 to 10 PM in the UDC School of Law's Moot Court Room, 5th Floor, at 4340 Connecticut Ave., NW in Washington, D.C.
The first panel will include Tim Judson, Executive Director of Nuclear Information and Resource Service, and author of the report "Killing the Competition: The Nuclear Power Agenda to Block Climate Action, Stop Renewable Energy, and Subsidize Old Reactors" (photo, left). Judson has testified against the Exelon-Pepco merger, as to the Maryland Public Service Commission.
Also on the first panel will be DC Councilmember Mary Cheh; Marc Battle of PEPCO (invited); and Tyson Slocum, Energy Director of Public Citizen.
The second panel will include: Attorney and Georgetown Law Professor Scott Hempling; D.C. People's Counsel Sandra Mattavous-Frye (UDC Law '83); Maryland People's Counsel Paula Carmody (UDC Law '80); and U. of Delaware Prof. Jeremy Firestone, Esq., Ph.D., and Delaware Intervener.
Exelon Nuclear announces sign off by Montgomery and Prince George's Counties, MD, on its merger with Pepco
The two counties comprising Pepco's residential customer base in Maryland -- Montgomery and Prince George's -- have just agreed to the merger of the electric utilities Exelon and Pepco, according to an Exelon press release.
Exelon is the largest nuclear utility in the U.S., with around two dozen dirty, dangerous, and expensive aging reactors in its nationwide fleet.
Despite the positive spin of Exelon's high-priced PR campaign, the simple truth is that the counties, and other organizations expressing support for the merger, have sold out cheap. Exelon's commitments to low income and other ratepayers in the Pepco service area are quite minimal. Exelon's commitments to energy efficiency upgrades and renewable energy expansion are likewise small-scale, compared to what is possible and needed.
To the contrary, Exelon has declared "nuclear war" against renewables and efficiency, as unwanted competition to its nuclear and fracked natural gas generators.
And perhaps most significantly of all for hard-working Maryland ratepayers: Exelon's thinly veiled motivation for merging with Pepco in the first place is to secure a solid rate base of customers, which it can milk to help prop up uncompetitive, and ever more dirty (as due to tritium leaks), dangerous (as due to meltdown risks), and age-degraded atomic reactors in Illinois -- where Exelon is simultaneously seeking massive ratepayer bailouts.