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Saturday
Nov122016

National bailout of U.S. atomic reactors based on NY approach would cost $280 billion by 2030

"Burning money" image, by Gene Case of Avenging Angels, was featured on The Nation's 2003 cover regarding the "Nuclear Power Relapse"Tim Judson, executive director of Nuclear Information and Resource Service (NIRS), has published a report entitled "Too Big to Bail Out: The Economic Costs of a National Nuclear Power Subsidy." Judson was joined on a press conference by former Nuclear Regulatory Commissioner Peter Bradford (listen to the recording here). Their analysis made clear that: nuclear power is not a viable climate strategy; more than half of U.S. reactors are expected to be uneconomical by 2020; and that this huge infusion of public funding for old nuclear plants would crowd out renewables. Meanwhile, in New York, the StopTheCuomoTax.org -- No Nuclear Bailout campaign has, most recently, issued an action alert, flown airplane banners, and erected billboards, to protest against the State of NY's agreement to pay $35 million of public money, if the transfer (from Entergy to Exelon) of the age-degraded, economically failing FitzPatrick reactor in upstate NY on the Lake Ontario shore is not finalized for certain reasons -- but state officials won't divulge what those reasons are (as reported by Syracuse.com). The campaign is now calling for New Yorkers to come to Albany on Thurs., Nov. 17th, to speak out at the Public Service Commission. More