Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Monday, September 19, 2022

Opinion | Nuclear Power Still Doesn’t Make Much Sense - The New York Times


Opinion | Nuclear Power Still Doesn’t Make Much Sense - The New York Times

Wednesday, January 10, 2018

Global Nuclear Power in 2017 : Bankruptcies, Shutdowns, Abandoned Constructions Show A Deepening Crisis | DiaNuke.org




The Year 2017 for Global Nuclear Power in a nutshell: 4 reactor startups (12 less than scheduled), 3 shutdowns, 4 construction starts, 2 abandoned constructions, bankruptcy of Westinghouse, bailout and breakup of AREVA, significant financial and economic pressure on nuclear operators. Five new reactors entered long-term outage, and 3 were restarted. Globally, 405 reactors operating (1 less than a year ago), 52 under construction (3 less).

read: Global Nuclear Power in 2017 : Bankruptcies, Shutdowns, Abandoned Constructions Show A Deepening Crisis | DiaNuke.org


Friday, November 3, 2017

#DontNuketheClimate #COP23 | Rally on 11.11, Bonn, Germany



The solutions to the climate crisis are clear: A rapid, just transition to a nuclear-free, carbon-free energy system. The only sure way to stop the global warming impacts of energy use is to transition as quickly as possible from antiquated energy models of the 20th Century and their polluting nuclear power and fossil fuel technologies … to the safe, clean, affordable and sustainable renewable, efficient, and smart technologies of the 21st Century.

The International Anti-Nuclear campaign "don't nuke the climate" – On 03.11.2017 October 03.11.2017, at a press conference in bonn, its agenda for the approaching Conference " Cop23".

Nuclear power in particular cannot solve the climate crisis. Indeed, its continued use exacerbates global warming by preventing the deployment of clean energy systems.



Among a myriad of other problems, nuclear power is:
Rooted in human rights violations and environmental racism: First Nations, people of color and low-income communities are targeted for uranium mining and radioactive waste. Radiation harms women and girls at twice the rate as their male counterparts. And radioactive pollution indiscriminately harms future generations, poisoning the environment for hundreds to thousands of years.
Too Dirty: Nuclear reactors and the nuclear fuel chain produce vast amounts of lethal radioactive waste, which grow whenever nuclear power is used. The nuclear fuel chain is responsible for far more carbon emissions than renewable energy generation and improved energy efficiency. All reactors routinely emit radiation and radioactive waste. Scientific bodies agree have confirmed that there is no “safe” level of radiation exposure.
Too Dangerous: Continued use of nuclear power will inevitably lead to more Fukushimas, Church Rocks, and Chernobyls. The technology and materials needed to generate nuclear energy can be diverted to nuclear weapons programs.
Too Expensive: Nuclear power is the costliest means possible of reducing carbon and methane emissions; its use crowds out investment in clean energy sources.
Too Slow: Use of nuclear power to reduce fossil fuel emissions would require an unprecedented nuclear construction program, beyond the capability of the world’s manufacturers within an acceptable time frame.
Clean energy, including solar, wind, geothermal, energy efficiency, distributed generation, electricity storage and other advanced technologies can meet the world’s energy needs without carbon and methane emissions, radioactive waste, and other pollutants.




FUNDRAISER

PETITION 


Nuclear Information and Resource Service
nirs.org/
facebook.com/NIRSnet/


• original post  on Facebook with images and a share button: facebook.com/robert.cherwink/posts/10209890984610620


on facebook: Robert Cherwink - #nonukes :: #DontNuketheClimate #COP23 | Rally...

Thursday, October 26, 2017

Please Join Us in Supporting the Don't Nuke the Climate Campaign! | NIRS | COP23 ::: #DontNukeTheClimate



NIRS is a founding member of the Don't Nuke the Climate coalition -- a global campaign to stop nuclear power and promote urgent, ambitious action on climate change. We are based in the US and serves the grassroots anti-nuclear and sustainable energy movements. 
It is more important than ever for the voices of people from the US and North America are heard at the COP23 global climate conference next month in Germany. President Trump opposes climate action and is working to undermine the Paris Agreement. His administration is strongly promoting nuclear power and fossil fuels -- most dramatically with moves to create a $100+ billion bailout for nuclear and coal power plants! 
This is a bad example for the rest of the world, and we must make sure that other countries know Americans oppose nuclear power and want a nuclear-free, carbon-free world.
Nuclear power is not a solution to climate change - it is too dirty, too dangerous, too expensive, and too slow to solve the climate crisis -- and it has a long track record of violating basic human rights. From mining uranium to making nuclear waste, to disasters like Fukushima and Chornobyl, it poisons the environment and endangers our health and security. Climate action funds must focus on sustainable, 100% renewable energy solutions -- and not false, dirty energy sources like nuclear, dirty biomass, and large-scale hydro power.
The Don't Nuke the Climate! campaign is a grassroots international campaign to bring that message to the COP23 global climate conference at Bonn, Germany in November 2017.  
We have to stop nuclear power from raiding climate action funds to build nuclear reactors, mine uranium, and make radioactive waste.
Thanks for whatever support you can give!
#DontNukeTheClimate
>> Please Join Us in Supporting the Don't Nuke the Climate Campaign! | NIRS


Monday, September 18, 2017

#DONTNUKETHECLIMATE :: COP23 / Nov. 2017 / BONN (GERMANY)


Jasmine Bright photo

The solutions to the climate crisis are clear: A rapid, just transition to a nuclear-free, carbon-free energy system. The only sure way to stop the global warming impacts of energy use is to transition as quickly as possible from antiquated energy models of the 20th Century and their polluting nuclear power and fossil fuel technologies … to the safe, clean, affordable and sustainable renewable, efficient, and smart technologies of the 21st Century.

Nuclear power in particular cannot solve the climate crisis. Indeed, its continued use exacerbates global warming by preventing the deployment of clean energy systems.

Among a myriad of other problems, nuclear power is:

Rooted in human rights violations and environmental racism: First Nations, people of color and low-income communities are targeted for uranium mining and radioactive waste. Radiation harms women and girls at twice the rate as their male counterparts. And radioactive pollution indiscriminately harms future generations, poisoning the environment for hundreds to thousands of years.



Too Dirty: Nuclear reactors and the nuclear fuel chain produce vast amounts of lethal radioactive waste, which grow whenever nuclear power is used. The nuclear fuel chain is responsible for far more carbon emissions than renewable energy generation and improved energy efficiency. All reactors routinely emit radiation and radioactive waste. Scientific bodies agree have confirmed that there is no “safe” level of radiation exposure.

Too Dangerous: Continued use of nuclear power will inevitably lead to more Fukushimas, Church Rocks, and Chernobyls. The technology and materials needed to generate nuclear energy can be diverted to nuclear weapons programs.

Too Expensive: Nuclear power is the costliest means possible of reducing carbon and methane emissions; its use crowds out investment in clean energy sources.

Too Slow: Use of nuclear power to reduce fossil fuel emissions would require an unprecedented nuclear construction program, beyond the capability of the world’s manufacturers within an acceptable time frame.

Clean energy, including solar, wind, geothermal, energy efficiency, distributed generation, electricity storage and other advanced technologies can meet the world’s energy needs without carbon and methane emissions, radioactive waste, and other pollutants.

Sign our petition


COP23 / Nov. 2017 / BONN (GERMANY)

Please Join Us in Supporting the Don't Nuke the Climate Campaign! | Nuclear Information and Resource Service



Beware nuclear industry’s fake news on being emissions free | Letters | Environment | The Guardian


David Blackburn says we need decentralised energy sources; David Lowry on nuclear not being zero-carbon technology; plus letters from David Hayes and Fred Starr

…Your incisive editorial makes many strong points, not least highlighting the exigencies of potential security compromises and terrorism vulnerabilities of the planned new nuclear reactor at Hinkley Point. But there is a fatal flaw in the argument you set out. The editorial asserts: “Nuclear power has a trump card: it is a zero-carbon technology which delivers a continuous, uninterrupted supply.”

This is demonstrably untrue. On the latter point, you only have to consult the published operating record of reactors to see this is an unsustainable claim. All reactors have lengthy planned outages (shutdowns) for operational reasons; some have significant unplanned outages due to operational failures; and in the extreme case of post-accident safety prudence, such as in Japan, their 54 reactors were all closed for years after the 2011 Fukushima disaster – and became hugely expensive “stranded assets.”

On alleged zero-carbon status of nuclear plants, you repeat a similarly erroneous assertion made in your editorial of 1 October 2005 (Pre-empting debate), where you wrote: “The big advantage of nuclear generation is that it does not produce environmentally degrading emissions in the way that fossil fuel generation does.”

You printed my response to this assertion (There is nothing green about Blair’s nuclear dream, 20 October 2005) in which I set out the various ways the carbon footprint of nuclear power is substantial, if the whole “cradle-to-grave” nuclear fuel chain (uranium mining, milling, enrichment, fuel production, in-reactor fuel irradiation, storage and final long-term management) is properly calculated. I pointed out that the nuclear industry’s proponents, such as those gathered at last week’s World Nuclear Association jamboree in London, are fond of spreading fake news such as describing nuclear energy as “non-carbon emitting”. It is about time this dangerous falsehood was confined to the dustbin of history…

read: Beware nuclear industry’s fake news on being emissions free | Letters | Environment | The Guardian

Thursday, August 10, 2017

No Climate Money for Nuclear Power - NIRS


August 8, 2017
FOR IMMEDIATE RELEASE

Contact:
 Tim Judson, NIRS
+1 212-729-1169 (mobile)
TimJ@nirs.org
Peer de Rijk, WISE-International
+ 31 20 6126368
Director@wiseinternational.org
Gedelitz, Germany – An international coalition lead by organizations from nine countries launched a new campaign today–“Don’t Nuke the Climate”–to ensure nuclear power and other false climate solutions do not derail global efforts to reduce the extent of global warming. The coalition is mobilizing for the COP 23 global climate conference in November, where the nations of the world are meeting to make critical decisions on how to solve the problem of climate change. Specifically, the fate of $100 billion per year of investment is at stake the Green Climate Fund. Nuclear power companies are attempting to gain access to the fund to finance uneconomic power projects, which their own governments and the private sector will not or cannot fund.
The coalition’s website and petition can be found on the website: http://www.dont-nuke-the-climate.org
The Paris Climate Agreement, signed by 195 countries, established a global consensus for the goal of limiting global warming to at most 2.0 C (3.8 F), with an ambition to go no higher than 1.5 C (2.7 F). The Paris Agreement’s targets are not arbitrary: a global average temperature rise of 1.5-2.0 C will still have enormous human, economic, and environmental impacts: sea-level rise, severe storms, drought and food shortages, resource conflicts, refugee crises, etc. Achieving these goals is literally a matter of life and death, but there is much uncertainty about the global community’s ability to reduce greenhouse gas emissions quickly enough to meet those goals.
The Don’t Nuke the Climate coalition is mobilizing for Bonn with the simple message: we can and must meet the goals of Paris–real, viable climate solutions are at hand–but not if we waste time and money on false solutions like nuclear power. The coalition mobilized in 2015 for the COP 21 climate conference in Paris, and grew to a total of 500 organizations worldwide supporting the “Don’t Nuke the Climate” call.
“We urgently need to tackle climate change. But we have to do this in a just way,” said Peer de Rijk, director of WISE-International. “This means we must actively exclude false solutions like nuclear power, as we otherwise will be thrown back in time and  increase the environmental crisis.”
“Nuclear power is a serial human rights violator and its promotion will worsen the very climate justice problems the Green Climate Fund is supposed to solve,” said Tim Judson, executive director the Nuclear Information and Resource Service, based in the U.S.A. “Nuclear corporations target First Nations and Global South countries are for radioactive contamination and resource destruction, radiation has a disparate impact on women and girls, and these persistent pollutants are hazardous for hundreds of thousands of years, creating indiscriminate impacts on future generations. The Green Climate Fund must never be used to finance such violations of human rights and principles of climate justice,” Judson concluded.
The coalition is opposing intensified efforts by the nuclear power industry to gain access to financing for nuclear power projects through the Green Climate Fund (GCF). The GCF was founded through global climate talks in 2009, and the 2015 Global Climate Agreement set a target of $100 billion per year in financing to Global South countries for reducing greenhouse gas emissions (labeled “mitigation” measures) and infrastructure to withstand the impacts of climate change (labeled “adaptation” measures).
“South-Africa is in urgent need for robust climate action,” said Makoma Lekalakala That means money for adaptation but also clean, affordable, safe new energy for everyone. A choice for nuclear would only increase the financial burden put upon millions of South-Africans.”
“The Indian state often blocks international negotiations on climate citing the needs of its poor,” said Kumar Sundaram, director of Dianuke in India. “But that in reality is nothing more than the Indian elite and industries demanding for the right to be equally irresponsible with the climate. Domestically, the government policies are only widening the energy access gap and imposing nuclear, coal and big dam projects that threaten to destroy fragile ecologies and most vulnerable communities. It’s unfortunate that the Indian government’s climate policy reinforces the myth of nuclear power being safe and clean. India is standing on the wrong side of history in the post-Fukushima world – setting up world’s biggest, costliest and most unsafe imported nuclear plants by undermining safety and environmental clearance norms and brutalizing massive but peaceful grassroots. India cannot be allowed to be a liability-free market where the declining global nuclear lobby rehabilitates itself.”
Nuclear power’s economic failures are worsening, with major firms such as Westinghouse and Areva going bankrupt, reactors being shut down, and new reactors canceled due to excessive costs, chronic construction delays, and aging infrastructure. Without access to massive amounts of public dollars such as the GCF, the industry faces inevitable decline, and cannot compete against true climate solutions, such as solar, wind, and energy efficiency and conservation.
As a result of, the industry has intensified its lobbying effort since Paris, and now includes industry trade associations, such as Foratom; the International Atomic Energy Agency; major nuclear corporations, including Rosatom, Russia’s state-owned nuclear corporation, which is targeting developing nations for nuclear development; and nuclear professional organizations and front groups, including the World Nuclear Society and Nuclear for Climate.
“Nuclear is dying – without taxpayer subsidies,” said Reinhard Uhrig, Head of Campaigns for Global 2000, the Austrian affiliate of Friends of the Earth International. “It now promotes itself as ‘green’, carbon-free electricity (which it is not) to get at public money such as in the climate funds established to combat global warming in particular in the global south. We cannot let the nuclear lobby get away with this – no subsidies for nuclear!”
“Nuclear is too expensive and takes too long to build, and we need real climate solutions today,” said Vladimir Sliviak, executive director of Ecodefense, based in Russia. “The effective approach is developing renewable energy and energy efficiency. We don’t have money or time to spend on false solutions.”
The coalition is urging nations participating in the UNFCCC (United Nations Framework Convention on Climate Change) to prohibit the use of the Green Climate Fund on technologies that make the societal and environmental impacts of climate change worse, like nuclear power, so-called “clean” coal, large-scale hydro-power, hydraulic fracturing for natural gas and oil, food- and forest-based biomass, and REDD+ — which are broadly considered false solutions and frequently entail human rights violations.
“There is no acceptable solution worldwide for high level radioactive waste, the only consequence is to stop nuclear power right now,” said Kerstin Rudek from Bürgerinitiative Umweltschutz Lüchow-Dannenberg, based in Germany.
“It’s a shame that Germany failed to include the uranium enrichment facility in Gronau and the fuel element factory in Lingen in its nuclear phaseout policy. Both facilities export to nuclear power plant in Belgium and in France. Germany needs a complete nuclear phaseout and has to start immediately with phasing out coal as well.”
Organizations leading the “Don’t Nuke the Climate” coalition represent nine nations spanning four continents:

Global/International
World Information Service on Energy – International
International Physicians for the Prevention of Nuclear War
Africa
Earthlife (South Africa)
Asia
Dia-Nuke (India)
Ecodefense (Russia)
KFEM (South Korea)
Europe
Bürgerinitiative Umweltschutz Lüchow-Dannenberg (Germany)
Global 2000 (Friends of the Earth – Austria)
North America
Nuclear Information and Resource Service (U.S.A.)

Download press release.

-30-


No Climate Money for Nuclear Power - NIRS



Saturday, August 5, 2017

New U.S. reactor construction collapses because it's “prohibitively expensive”: the fight for justice continues | Beyond Nuclear


South Carolina electric utilities have scrapped finishing construction for two half-built Westinghouse reactors admitting that nuclear power is “prohibitively expensive.” The abandonment of the V.C. Summer Units 2 and 3 in Jenkinsville, SC comes with an estimated $11 billion in sunk costs and still projected six years from completion. The cancellation adds to the growing number of tombstones for once championed “milestones” in an atomic power revival. The inability to control the “cost-of-completion” and “time-to-completion” is the fundamental economic failure behind this recent collapse of the nuclear industry. In fact, these same reasons were featured in a 1985 Forbes magazine cover story “Nuclear Follies” describing the development of commercial atomic power as “the largest managerial disaster in U.S. business history where only the blind and the biased can say the money was well spent.”
There is not one nuclear power project in the United States that has ever been built on budget and on time, only more or less grossly out of proportion. The country is littered with the abandoned hulks of the 20th Century’s "nuclear error” including Seabrook Unit 2 in New Hampshire, Shoreham in New York, Midland in Michigan, the “Whoops” reactors in Washington, Bellefonte in Alabama, Marble Hill in Indiana and Zimmer in Ohio. These sites stand as monuments to nearly 100 more cancelled construction projects.   
The recent collapse of V.C. Summer 2 &3 now weighs heavier on the only remaining new reactor construction in the U.S. at Vogtle units 3 and 4 in Waynesboro, Georgia. With the bankruptcy of Westinghouse Electric and still mounting financial trouble for its Japan-based parent company Toshiba, Southern Company and Georgia Power were handed the dubious oversight and management of construction by the U.S. Department of Energy for the two Westinghouse reactors still being built there. The fate of the Vogtle boondoogle is still uncertain even with Toshiba giving $3.7 billion to Southern Company to contractually cut loose of the project and spread the cost out over more owners. Just how much and how long it will take to complete the untested design remain inescapable questions.  Southern Company's new projected cost-of-completion for Vogtle has balloned to $25 billion.  Southern is under pressure to tell the Georgia Public Service Commission by end of 2017 whether it plans to go forward with completion of the Vogtle expansion.  The decision could come as early as the end of August 2017.
The repeated and predictable economic failure of atomic power sends an ever direr warning of the shear folly in wasting billions more dollars and decades longer only to predictably fall short in the challenge to abate climate change. Again, nuclear power is exposed as an unreliable partner in any “energy mix” with renewable power from the wind and sun, energy efficiency and conservation. Nuclear power, new and old, only serves to divert and deplete necessary resources and squander the precious little time that remains.
The collapse of the nuclear industry further lay bare the economic and environmental justice struggles still ahead to hold corporations accountable to greed, fraud and desecration.
Accolades are much deserved to the environmental and consumer protection groups that have been involved from the beginning with the proposed Summer and Vogtle expansions. These same organizations are now demanding ratepayer restitution and protection from still more fleecing.
As Tom Clements, South Carolina’s advisor to Friends of the Earth (FoE) puts it, “The decision to abandon the V.C. Summer project is of monumental proportion and is a full admission that pursuit of the project was a fool’s mission right from the start.” According to Clements, the abandonment of construction now portends a fight for economic justice where, “Rather than applauding the decision this is a time for reflection and to prepare for formal proceedings before the PSC that will review how this debacle happened and how to refund ratepayers money due to a string of imprudent decisions.”
Sara Barczak with the Southern Alliance for Safe Energy (SACE) is wondering how much longer it will take Southern Company to pull the plug on Vogtle 3 and 4. Still she continues the call for “stopping the forced draining of customers’ wallets” there. Indeed, as Barazk observes for V.C. Summer, “A very costly door has closed on the so-called nuclear renaissance” and the awaited announced cancellation of Vogtle 3 and 4. 

Beyond Nuclear - Home - New U.S. reactor construction collapses because it's “prohibitively expensive”: the fight for justice continues


Monday, July 31, 2017

SCANA, Santee Cooper pull plug on V.C. Summer !!!


As of April 2017, Construction at the V.C. Summer Nuclear Facility is 34 percent complete and billions of dollars over budget.
UPDATE 15 AUGUST 2017:


Efforts to build two state-of-the-art nuclear reactors at the V.C. Summer Nuclear Plant in Fairfield County have gone inert.
Citing escalating costs, uncertainty over tax credits and the amount of Toshiba's recent financial pledge, SCANA Corp., the majority partner at V.C. Summer, said in a statement it plans to file a notice of abandonment with state regulators.
The decision follows a similar by minority partner Santee Cooper to suspend construction efforts. Santee Cooper said doing so would save its customers $7 billion...

...Green groups opposed to V.C. Summer declared victory shortly after news the reactors would be abandoned became public.
“We applaud Santee Cooper and SCE&G for making the right decision to protect their customers," Stephen Smith, executive director of the Southern Alliance for Clean Energy, said in a statement.
"This project has been a multi-billion dollar disaster," Smith continued. "We also call on Georgia Power and their utility partners to protect their customers from the similarly risky, mismanaged project in Georgia at Southern Company’s Plant Vogtle.”
Representatives for Friends of the Earth, which has also called for a V.C. Summer shutdown, say consumers who helped pay for the reactors deserve refunds.
"The damage that this bungled project has caused to ratepayers and the state’s economy must be promptly addressed by SCE&G, Santee Cooper and regulators and all effort must be made to minimize that damage," Tom Clements, a senior advisor for Friends of the Earth, said in prepared comments.
"It’s time for money to be refunded as it was collected from them under the false pretense that advance payment for the nuclear project was sound," Clements said...
complete article: SCANA, Santee Cooper pull plug on V.C. Summer | News | aikenstandard.com


Friday, June 30, 2017

Robert F. Kennedy Jr.: 'I love James Hansen, but he is wrong on [the nuclear power issue]' | EnviroNews

WATCH

“…I love James Hansen, but he is wrong on this issue; he’s been wrong on nuke for a while,” Kennedy responded when asked. “He doesn’t understand the cost advantage that solar and wind now have over the incumbents, including nukes.”
According to the Nuclear Energy Institute, there are 449 nuclear power reactors currently operating in 30 countries, with 60 more under construction. In the U.S., 99 reactors produced 805.3 billion kilowatt-hours of electric power in 2016. The new Watts Bar 2 unit came online last year in Tennessee – a project of the Tennessee Valley Authority (TVA), a corporation owned by the federal government. The reactor 2 unit at that plant is already in shutdown due to equipment failures. 
Kennedy also questions the industry’s financial viability. “If you remove the subsidies from nuclear power there’s not a single utility in the world who would build a nuclear power plant,” he said. 
According to a 2011 report by the Union of Concerned Scientists, “Government subsidies to the nuclear power industry over the past fifty years have been so large in proportion to the value of the energy produced that in some cases it would have cost taxpayers less to simply buy kilowatts on the open market and give them away…” 


Tuesday, June 27, 2017

Stop the Nuclear Tax Bailout -- End the “Nuclear Renaissance” | NIRS


Stop the Nuclear Tax Bailout -- End the “Nuclear Renaissance”

The nuclear industry is trying to ram through another multi-billion-dollar bailout to keep the fantasy/nightmare of nuclear power alive. This time, through Congress. Stopping this bill (HR 1551) could end the so-called “Nuclear Renaissance” once and for all.
Utilities in Georgia and South Carolina are building four new reactors that are all billions of dollars over budget and years behind schedule. The problems were predicted before the utilities broke ground, but the extent of their failure is truly remarkable. The reactors are less than half-way built and have already bankrupted Westinghouse, the largest builder of reactors in the world – proving that nuclear power is a failed technology with no future.
HR 1551 would try to ensure these reactors get built by guaranteeing them $5.2 billion in federal tax breaks that are scheduled to expire in 2020. Because of the massive construction delays in building the reactors, none of them are expected to be online before then.
Please contact your Senators today and tell them to vote "NO" on HR 1551.

SIGN NOW

MORE BACKGROUND
Some or all of the four new reactors being built in the U.S. could be cancelled soon, despite billions of dollars in state and federal subsidies. The two reactors at Plant Vogtle in Georgia have already received $8.3 billion in taxpayer-guaranteed loans, and ratepayers in both states are paying steep rate hikes to cover the financing costs of the projects.
But one of the subsidies – the Nuclear Production Tax Credit – could expire before costing taxpayers a dime. Utilities can only take the tax credit for electricity the reactors actually generate, and it appears none of them will be completed before the program expires by law in 2020. If that happens, it willg taxpayers over $5 billion.

Georgia Power, SCANA, and Westinghouse are begging Congress to rush through a bill (HR 1551) that would NOT ONLY eliminate the 2020 expiration date, but give $2.6 billion in federal tax credits to tax-exempt state utilities and cooperatives that are 50% co-owners of the new reactors. 

The bill would allow the non-profit utilities to transfer the credits to the for-profit utilities and Westinghouse. 

The House of Representatives passed HR 1551 through last week, and Senate Majority Leader McConnell is pushing for a Senate vote this week, before the American public can find out about it. And President Trump has already said he will sign the bill. 

The whole scheme amounts to a $5 billion bailout to four dirty, dangerous reactors – using a new and still-unproven design – that have already had major construction and manufacturing problems.
For more information:

SIGN NOW :: Stop the Nuclear Tax Bailout -- End the “Nuclear Renaissance” | NIRS

Consumer Watchdog, Environmental Organizations Demand Congress Reject Nuclear Bailout


FOR IMMEDIATE RELEASE | JUNE 20,2017
Expert contact: Ben Schreiber, (202)-222-0752, bschreiber@foe.org Communications contact: Patrick Davis, (202) 222-0744, pdavis@foe.org

WASHINGTON, D.C. – Thirteen environmental and consumer watchdog organizations representing millions of members today sent a letter to the House of Representatives urging members to oppose bill H.R. 1551, which aims to bail out the nuclear industry after troubled investments in new reactor projects in the southern U.S.


Last week, H.R. 1551, a bill to amend the IRS code and modify tax credits to nuclear power facilities, passed the House Ways and Means Committee by voice vote. House leadership placed this controversial, fast-tracked legislation on the suspension calendar for this week and the bill is expected to be brought to the floor today.

The legislation comes as Southern Company and SCANA push to get the government, via U.S. taxpayers, to foot even more of the bill for the utilities’ failed bet on nuclear reactors. The projects have been beset by extreme cost overruns and completion schedules have doubled. Westinghouse’s decision to construct four new nuclear reactors for utilities in Georgia and South Carolina has not only bankrupted the company, but also placed its parent company, Toshiba, in an extremely precarious financial position. If enacted, this bill would grant an additional $2.6 billion to the failing projects by making tax-exempt co-owners eligible for federal tax credits, and permitting them to transfer the credits to for-profit corporations.

“These four reactors, two at Southern Company’s Plant Vogtle and two at SCANA’s V.C. Summer, have been under construction since 2009 and were supposed to be operational by now, but are nowhere near complete,” said Ben Schreiber with Friends of the Earth. “Both projects have already benefitted from state and federal incentives, yet their customers have suffered from rising electric bills. There is no reason to burden these customers further or make U.S. taxpayers shoulder any more of the costs for these failed experiments. Congress should ensure the utilities’ shareholders take on some of the risk, not assure yet another multi-billion dollar taxpayer-financed nuclear bailout.”

The letter explains that:
The failures to bring any of the four reactors online within the fifteen-year period of the tax credit program demonstrates that the technology is an even greater failure than the first generation of reactors, and it will never be widely commercialized. It is simply not a justified or worthy investment of taxpayers’ money to grant the owners of these reactors the extraordinary relief of billions of dollars in subsidies for projects that hold no promise for the U.S. energy sector. It should not be forgotten that Southern Company’s expansion of Plant Vogtle has already received substantial taxpayer support through the $8.3 billion in federal nuclear loan guarantees and the public/private cost-sharing support during the permitting and licensing process.

“We urge Congress to give the American people a break and stop throwing billions of dollars in wasteful and ineffective subsidies at these boondoggle nuclear projects," said Tim Judson, executive director of the Nuclear Information and Resource Service. "The industry promised that $20 billion in loans and payouts from taxpayers would revive nuclear power and lead to a 'Nuclear Renaissance.' But all that money and more has only managed to get four reactors less than half- built in ten years, and bankrupted their manufacturer with billions of dollars in cost overruns. Not passing this bill will save taxpayers at least $5 billion dollars. It's time for Congress to give the American people a break.”
Find the letter here.

###

Friends of the Earth fights to create a more healthy and just world. Our current campaigns focus on promoting clean energy and solutions to climate change, ensuring the food we eat and products we use are safe and sustainable, and protecting marine ecosystems and the people who live and work near them.
Founded in 1978, Nuclear Information and Resource Service (NIRS) is the information, networking and outreach center for organizations and individuals concerned about nuclear power, radioactive waste, radiation and sustainable energy issues. NIRS works to advance the transition to clean, efficient, renewable energy; advocates for responsible and environmentally just solutions to radioactive and toxic waste; and fights to protect the public from the effects of radioactive contamination. We provide policy expertise and informational resources on energy and radioactive waste, and monitor policy developments on the national and state levels.
Founded in 1985, the Southern Alliance for Clean Energy promotes responsible energy choices that work to address the impacts of Global Climate Change and ensure clean, safe, and healthy communities throughout the Southeast. Learn more at www.cleanenergy.org.



SEE ALSO: Stop the Nuclear Tax Bailout -- End the “Nuclear Renaissance” | NIRS


Friday, June 2, 2017

Watch Your Wallets: Dominion Getting License to Build Nation's Most Expensive Nuclear Plant


Erica Gray, Nuclear Issues Chair of the Sierra Club, at a protest against Dominion’s planned North Anna 3 nuclear reactor. Photo courtesy of the Sierra Club.

The Richmond Times-Dispatch reports that within the next few days, the Nuclear Regulatory Commission will approve a Combined Operating License (COL) for Dominion Virginia Power’s third nuclear power plant planned for its North Anna site in Surry County, Virginia. That means that as far as the federal agency is concerned, North Anna 3 is good to go.

 As far as Virginia residents are concerned, though, this project has gone way too far already. Dominion has poured hundreds of millions of dollars of ratepayers’ money into NA3, and that’s money we will never see again. But that’s better by far than moving forward with what would be the most expensive nuclear plant ever built in the United States…

• NA3 is a terrible deal for the people who would have to pay for it.
The Attorney General’s office has calculated that the $19 billion price tag for NA3 would increase the bills of Dominion customers by 25% beginning its first year in operation. And that’s if it somehow avoids the cost overruns that have plagued other nuclear plants in recent years… [more]
• NA3 would make our electricity grid more vulnerable to outages.
Concentrating power generation at a single site is a bad idea. If something goes wrong, there is that much more power at risk. This is especially true when the site already has a known vulnerability, in this case its location on a fault line. An earthquake near North Anna in 2011 shut down the existing reactors for three months. A third plant in the same location, on the same fault line, increases the amount of generating capacity that could be forced offline without warning, challenging grid operators to find replacement sources—instantly… [more]
• We don’t need the power.
Virginia is part of PJM Interconnection, a regional power grid that covers all or part of thirteen states plus the District of Columbia, and includes over 1,300 generating units. Today, Dominion buys a portion of its power on the PJM wholesale market, at a price far below the projected cost of electricity from NA3. PJM already faces a power glut. Adding more generation to PJM would be expected to lower wholesale power prices. That would benefit buyers in other states, at the expense of the Virginia consumers paying for NA3.
• Nuclear energy is not a climate solution.
Low-cost wind and solar are increasingly viewed as the backbone of the 21st century electricity grid. Dominion’s latest integrated resource plan recognizes solar as the lowest-cost resource, even compared with “cheap” natural gas. Nuclear is not just more expensive; it is actually incompatible with large amounts of renewable energy. That’s because U.S. nuclear plants are designed to run all the time at a constant level, regardless of demand. At night when demand is low, nuclear plants still have to deliver power to the grid, even if it means turning off wind turbines that could supply free electricity… [more]

…Finally, nuclear waste is piling up with no long-term storage plan in place.

more: Watch Your Wallets: Dominion Getting License to Build Nation's Most Expensive Nuclear Plant


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…

more: Three Mile Island Nuke Plant Closure Strengthens Call for Renewable Energy Future


Wednesday, May 10, 2017

After 60 years of nuclear power, the industry survives only on stupendous subsidies - The Ecologist


Almost 60 years since the world's first commercial nuclear power station began to deliver power to the UK's grid, the industry remains as far from being able to cover its costs as ever, writes Pete Dolack. But while unfunded liabilities increase year by year, governments are still willing to commit their taxpayers' billions to new nuclear plants with no hope of ever being viable.

If the owners and operators of nuclear reactors had to face the full costs, no one would have built a nuclear reactor in the past, no one would build a reactor today, and anyone who owned one would exit the nuclear business as quickly as they could.
The ongoing environmental disaster at Fukushima is a grim enough reminder of the dangers of nuclear power. But nuclear does not make sense economically, either.
The entire industry would not exist without massive government subsidies. Quite an insult: Subsidies prop up an industry that points a dagger at the heart of the communities where ever it operates.

The building of nuclear power plants drastically slowed after the disasters at Three Mile Island and Chernobyl, so it is at a minimum reckless that the latest attempt to resuscitate nuclear power pushes forward heedless of Fukushima's discharge of radioactive materials into the air, soil and ocean…

more: After 60 years of nuclear power, the industry survives only on stupendous subsidies - The Ecologist