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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As reported by the Post and Courier.
Not mentioned in the article is the fact that David Wright, who presided over the Summer 2 & 3 debacle as president of the South Carolina Public Service Commission, was nonetheless "promoted" by President Trump and the U.S. Senate, as a U.S. Nuclear Regulatory Commissioner.
More fallout from the Ohio nuclear bailout/bribery scandal, as reported by the Columbus Dispatch.
As reported by the Chicago Tribune.
Please note that ComEd's parent company, Exelon, is the largest nuclear power utility in the country. In 2016, Exelon received a $2.35 billion bailout, at ratepayer expense, with support from IL House Speaker Michael Madigan. Commonwealth Edison also secured another $750 million, in the form of a rate hike, at ratepayer expense, again with Madigan's support.
July 31, 2020