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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February 6, 2018Environmentalists and Citizen Groups Are Fighting Billions in Subsidies Meant to Prop Up Aging Nuclear Plants
Deteriorating nuclear plants pose a growing threat to public safety and the environment.
Tim Judson, Executive Director of the Nuclear Information and Resource Service, and John Parker, a former New York State environmental attorney now working with the Rockland Environmental Group, published this article at AlterNet.
(Credit: AlterNet. This article was made possible by the readers and supporters of AlterNet.)
Victory! Lawsuit versus nuclear bailout WILL go to trial in New York State
Good news from Jessica Azulay, AGREE program director (Azulay won the inaugural Friedman award, named in honor of Beyond Nuclear founding board member Lou Friedman, and People's Action for Clean Energy leader Judi Friedman):
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'David v Goliath victory' as judge denies five of six objections to the lawsuit against New York's $7.6 billion nuclear bailout.
Rules that the lawsuit will be fully heard in court.
On January 23, the lawsuit challenging New York's ratepayer subsidies to four uneconomic, aging nuclear reactors owned by Exelon Corporation cleared a major hurdle when Judge Roger D. McDonough rejected motions to dismiss that were brought by the state of New York and several nuclear energy corporations.
Read all about it!
Our sincere gratitude and congratulations to all the plaintiffs and the legal team in this important case, particularly lead plaintiff Hudson River Sloop Clearwater.
Energized by this crucial win, we will continue to work for energy efficiency, affordability, and renewable energy for all energy consumers in New York. AGREE has been fighting nuclear bailouts in New York since 2015 and is involved in helping push this case forward as well as many other efforts to keep our money out of the pockets of nuclear corporations. Please donate so we can keep this work going. (As a bonus, all donations up to $4,000 will be matched by a generous anonymous donor. Every dollar you give will be doubled, and every little bit helps!)
Stay tuned for more ways to get involved as we build the momentum against nuclear bailouts in New York. And thank you for everything that you do to help our state transition to a renewable energy future!
Jessica Azulay
Program Director
Alliance for a Green Economy
Court Rejects Effort to Dismiss Lawsuit Challenging $7.6 billion Nuclear Subsidy In NYS’s Clean Energy Standard
As reported by Oswego County Today, as well as at the Hudson River Sloop Clearwater website.
Beyond Nuclear has been honored and privileged to take part, for many long months and even years, in the environmental coalition's legal challenge to the massive ratepayer-funded subsidies, shamelessly intended to bail out four dangerously old atomic reactors on the Lake Ontario shore in upstate NY (while using funds meant for "clean energy" to do so!). We hope the environmental coalition groups that have established legal standing in this court case will now prevail on the merits, for the sake of NY ratepayer pocketbooks, as well as the safety, security, health, and environment of New Yorkers, Ontarians, and beyond, over vast regions downwind and downstream.