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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October 17, 2019Ohioans: It's not too late to sign the anti-nuke/coal bailout petition!
It's not too late to sign the petition
If you would like to sign the petition to put the repeal of HB 6 on the ballot, here are some options:
Kent
Cleveland
Cincinnati
Columbus
Dayton/Beavercreek
Please pass the word through your networks to anyone who might want to sign.
Thanks for your support and your interest in going out of your way to help repeal HB 6.
Nuclear plant owner warns it may resume closings
As reported by the Toledo Blade.
As the article reports, FirstEnergy has stated:
… “Unfortunately, any additional negative news from the courts or the successful submission of petitions to put a referendum on the ballot will destabilize the financial situation of those plants,” reads a statement released by the company.
“This will force the company to move back on a path to deactivation if alternative measures to provide needed financial support do not arise quickly,” it said. …
Clearly, FirstEnergy is nervous about the the referendum opposing House Bill 6, as well as risks of pending litigation.
Thank you to Tim Judson of NIRS for calling this article to our attention.
FirstEnergy Solutions’ Restructuring Plan Gets Bankruptcy Court Approval
FES wins judge’s backing after making concessions to union workers
As reported by the Wall Street Journal (the article is behind a pay wall).