Thursday, June 1, 2017
Three Mile Island Nuke Plant Closure Strengthens Call for Renewable Energy Future
Tuesday's announcement that the Three Mile Island Unit One nuclear plant will close unless it gets massive subsidies has vastly strengthened the case for a totally renewable energy future.
That future is rising in Buffalo, and comes in the form of Tesla's massive job-producing solar shingle factory which will create hundreds of jobs and operate for decades to come.
Three Mile Island, by contrast, joins a wave of commercially dead reactors whose owners are begging state legislatures for huge bailouts. Exelon, the nation's largest nuke owner, recently got nearly $2.5 billion from the Illinois legislature to keep three uncompetitive nukes there on line.
In Ohio, FirstEnergy is begging the legislature for $300 million per year for the money-losing Perry and Davis-Besse reactors, plagued with serious structural problems. That bailout faces an uphill battle in a surprisingly skeptical legislature. FirstEnergy is at the brink of bankruptcy, and says it will sell the reactors anyway.
To make matters worse, Ohio lawmakers have imposed unique spacing restrictions on the state's wind industry, blocking at least $1.6 billion in investments poised to build eight wind farms now waiting in the wings. Those turbine developments would go far in providing jobs to those who will inevitably lose them at FirstEnergy's uncompetitive nukes…