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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
May212010

TCS to Feds: "War Spending Bill is No Place for More Nuclear Loan Guarantees"

Taxpayers for Common Sense (TCS) has objected to the Obama administration and congressional Democratic leaders agreeing to add energy loan guarantees -- including to support the building of new atomic reators -- on the emergency supplemental war spending bill. TCS stated "The emergency spending bill is supposed to address urgent, unforeseen war and disaster related items - adding risky loan guarantees for projects that won’t be built for years is little more than a cynical political ploy to jam it through Congress without adequate scrutiny."

Friday
May212010

Industry leader Exelon admits new reactor construction un-economic

National Geographic, in an article entitled "New Nuclear Energy Grapples With Costs: Exelon Sees Weak Market, Others Think Climate Concerns Will Propel Industry," quotes Exelon CEO John Rowe that he plans no new reactors in the foreseeable future given their economic un-competitiveness.

Wednesday
May122010

Kerry-Lieberman "climate" bill represents massive taxpayer giveaway to dirty, dangerous and expensive energy industries

Used with artist's permission. See http://davies.lohudblogs.com/The Kerry-Lieberman "American Power Act" released today would massively subsidize the expansion of the atomic energy industry, at taxpayer financial risk and direct expense. It would similarly benefit the offshore oil drilling industry, despite the catastrophe unfolding in the Gulf of Mexico, as well as the coal industry, despite the recent deadly mine explosion in West Virginia. As pointed out by the Energy Collective, the bill clearly prioritizes nuclear energy's expansion, while renewables and efficiency seem to be a mere afterthought. As reported by Democracy Now!, numerous environmental groups expressed immediate opposition. Beyond Nuclear objected, as did other groups such as NIRS (on behalf of a coalition of 200 organizations), Friends of the Earth, and Greenpeace. Public Citizen spoke out against the bill, providing a section by section analysis. The Center for Biological Diversity called the bill "a disaster for our climate and planet," decrying the subsidies for "dangerous and costly nuclear energy." You know something is seriously wrong when the Nuclear Energy Institute "applauds" the Kerry-Lieberman bill, while licking its chops in hopes of gobbling up a large part of the $1.5 trillion investment NEI says is needed "over the next 20 years to meet rising electricity demand and upgrade our electric grid," much of which could well come in the form of fedearl subsidies, risky loan guarantees, tax incentives, short cuts on safety, and other taxpayer giveaways. Call your U.S. Senators right away via the U.S. Capitol Switchboard at (202) 224-3121 and urge them to oppose this dirty, dangerous and expensive energy industry subsidy bill, and to support real climate protection legislation in its place.

Tuesday
May112010

Kerry-Lieberman "climate bill" still supports offshore oil drilling and atomic energy

Used with permission of politicalcartoons.comThe Kerry-Lieberman Senate "climate" bill (Graham has sort of-kind of withdrawn his support for now), to be unveiled on May 12th, incredibly still supports an expansion of offshore oil drilling, despite the still-unfolding BP oil spill disaster in the Gulf of Mexico. It also supports unlimited  loan guarantees for the buildling of new atomic reactors and uranium enrichment facilities, as well as additional givewaways to the nuclear power industry. One thing the bill does not do, despite its name and supposed intent, is adequately protect the climate. Phone your Senators via the U.S. Capitol Switchboard at (202) 224-3121 begin_of_the_skype_highlighting              (202) 224-3121      end_of_the_skype_highlighting and urge them to oppose taxpayer-backed subsidies, tax incentives, financial risks, and other giveaways to the already filthy rich dirty energy industries under the guise of a "climate" bill. Then, phone the White House comment line at (202) 456-1111 begin_of_the_skype_highlighting              (202) 456-1111      end_of_the_skype_highlighting: urge that President Obama support truly clean, safe, and affordable energy efficiency and renewable sources like wind and solar, rather than dirty, dangerous and expensive fossil fuels and nuclear power.

Tuesday
Apr062010

Nuclear utilities sue DOE to evade Nuclear Waste Fund fees

The industry's lobby arm, Nuclear Energy Institute, and 16 nuclear utilities, have sued the U.S. Department of Energy in federal court to seek a suspension to $750 million per year of ratepayer fees charged on electricity bills for radioactive waste generation at commercial reactors. The lawsuit comes in response to the Obama administration's decision to cancel the Yucca Mountain dumpsite proposal in Nevada.