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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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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."

Monday
Aug012016

Groups Criticize “Nuclear Mistake” Amid Praise for New York State’s Clean Energy Standard

Groups say state now responsible to ensure nuclear safety of the plants going forward

[NIRS and AGREE have issued a press release that begins:]

Albany, NY – The New York State Public Service Commission today approved the “Clean Energy Standard” policy that puts into place a popularly-supported requirement that that utilities must buy increasing amounts of renewable energy, until the state meets its goal of 50% renewable energy by 2030. The proposal also includes an unpopular subsidy for economically struggling upstate nuclear power plants, the projected cost of which suddenly ballooned to almost $8 billion just three weeks ago.

The nuclear subsidies have drawn growing criticism and controversy with more than 15,000 people submitting comments opposed to nuclear subsidies and dozens of elected officials raising concerns...

[The press release also quotes Clearwater and Citizens Environmental Coalition. The press release contains additional background information, including links to statements of concern about and opposition to the bailout by New York State elected officials, as well as links to news articles. More.]