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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Dick Munson of Environmental Defense Fund cited this Twitter feed, and commented:
The president had dinner last night with a FirstEnergy lobbyist and today’s he’s talking about giving the company a massive bailout. Please raise your voice … quickly.
April 5, 2018