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Subsidies

The nuclear industry has been heavily subsidized throughout its 50+-year history in the U.S. It continues to seek the lion's share of federal funding since it cannot otherwise afford to expand.

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Sunday
Nov132016

OH agrees to let FirstEnergy Nuclear impose $132.5 million a year surcharge on its 1.9 million customers

"Burning money" graphic art by Gene Case, Avening AngelsTom Henry of the Toledo Blade has Tweeted out his column on the ratepayer-funded bailout, now approved by the State of Ohio -- to the tune of $132.5 million per year -- of FirstEnergy Nuclear's dangerously age-degraded Davis-Besse atomic reactor on the Lake Erie shore. Beyond Nuclear has led opposition to Davis-Besse's 2017-2037 license extension since 2010. Davis-Besse has had more close calls with catastrophe than any other U.S. reactor, and -- FirstEnergy admits -- has had a severely cracked (and ever worsening) concrete containment, which could well fail to contain catastrophic amounts of hazardous radioactivity in the event of a meltdown.

Beyond Nuclear has also worked alongside Sierra Club, Ohio Environmental Council, Environmental Defense Fund, AARP, Public Citizen, ratepayer advocacy groups, and many others, to oppose requests from FirstEnergy to the Public Utilities Commission of Ohio (PUCO) for ratepayer-funded bailouts of $4 to 8 billion (yes, with a B). FERC (the Federal Energy Regulatory Commission) ultimately put the kabosh on this larger attempted ratepayer robbery, but the State of Ohio has just blessed the burdening of its own citizens to the tune of $132.5 million/year, nonetheless.

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

Friday
Sep302016

DOE Task Force on the Future of Nuclear Power draft report calls for massive national subsidies to prop up dying industry

In Sept., 2016 the Secretary of Energy Advisory Board, Task Force on the Future of Nuclear Power, published its Draft Report. The report calls for massive nationalized subsidies, to prop up dirty, dangerous/age-degraded, expensive/un-competitive, atomic reactors across the U.S.

[This Task Force report was cited in NIRS Nov. 2016 report, Too Big to Bail Out. The NIRS report, by its executive director, Tim Judson, estimates that a New York-style bail out, implemented across the U.S., could cost American ratepayers and/or taxpayers, a whopping $280 billion.]

Tuesday
Aug162016

Public Citizen, D.C. SUN Urge Court to Block Exelon Takeover of Pepco

Sept. 17, 2015 PowerDC rally in Washington, DC, opposing Exelon Nuclear's takeover of Pepco. The hand-signed banner was delivered, en mass, to DC Mayor Muriel Bowser's office.WASHINGTON, D.C. – Public Citizen and D.C. Solar United Neighborhoods (DC SUN) today are filing a court challenge to the D.C. Public Service Commission’s (PSC) decision to approve Exelon’s takeover of Pepco. The groups believe the merger is not in the public interest, and the petition being filed today is the first step in asking the D.C. Court of Appeals, the district’s highest court, to block the merger.

The $7 billion merger will lead to higher electricity rates and stymie the District’s efforts to shift to renewable energy, the groups maintain. The PSC on June 17 rejected requests by Public Citizen and other groups to reconsider its decision to allow the merger. Since then, Pepco has asked for an $85.5 million rate increase.

More.

Tuesday
Aug022016

Aging nuclear power plants in New York uneconomic without bailout

Karl GrossmanBeyond Nuclear board of directors member Karl Grossman (photo, left) writes:

On Enformable today, my article on the New York State Public Service Commission yesterday approving a $7.6 billion bail-out of aging nuclear power plants in upstate New York under a "Clean Energy Standard" advanced by Governor Andrew Cuomo. He has pushed for continued operation of the plants and appoints the members of the PSC.

Grossman is the professor of journalism at the State University of New York/College at Old Westbury. Karl is also the author of Cover Up: What You Are Not Supposed to Know About Nuclear Power and other books on nuclear technology, as well as hosting numerous TV programs on the subject including "Chernobyl: A Million Casualties," "Three Mile Island Revisited" and "The Push to Revive Nuclear Power."