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ARTICLE ARCHIVE

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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Tuesday
Jul232019

Columbus Dispatch coverage of passage of Ohio's nuclear bailout bill

Tuesday
Jul232019

Ohio's nuke and coal subsidies will likely be challenged at the ballot

Tuesday
Jul232019

Nuclear subsidy opponents already working to hold referendum on Ohio House Bill 6

Tuesday
Jul232019

State plane scheduled to pick up lawmakers for nuclear bailout bill canceled

Thursday
Jul182019

Letter to the editor of the Toledo Blade: "Go green, Ohio, not nuke" (by Harvey Wasserman)

The billions of above-market dollars Ohioans have poured into the obsolete, increasingly dangerous Perry and Davis-Besse nuclear plants should long ago have made Ohio a totally green, emission-free energy powerhouse based entirely on solar, wind, batteries, and LED/​efficiency.

The legislature is blocking $4 billion in privately financed, job-producing wind farms in northern Ohio with an absurd set-back clause. But it wants to make working Ohioans pay $150 million or more to bail out nukes that can’t compete.

More than $20 million of that will go straight into the pockets of just seven high-paid FirstEnergy execs. What ever happened to the free market? Stop House Bill 6.

HARVEY WASSERMAN

Bexley, Ohio