Wall Street unwilling to finance new nuclear plants, U.S. Senators Joseph
Lieberman of Connecticut and John Warner of Virginia have cooked up a scheme to
provide $544 billion – yes, with a “b” — in subsidies for new nuclear
power plant development.
move will be debated on the floor of the Senate Tuesday, June 3.
Lieberman aide describes the plan as “the most historic incentive for nuclear
in the history of the
they insane ?
money folks Wall Street is not buying !!!!!
have s look what is happening locally
utilities staff: Duke should disclose nuclear plant's cost
2005, Duke said the twin-reactor plant near
has acknowledged its initial estimate is outdated and the plant will cost more,
but it declines to say publicly how much more
, Staff Writer
critics are homing in on the staggering costs to lobby their case. It helps the
opponents to have a dollar figure to object to, but electric utilities are
reluctant to cooperate.
estimates are available to state regulators, public officials and lawyers, as
long as they sign confidentiality agreements.
“The Nation” on cost.
fact that new nukes make little economic sense does not mean that old nukes are
not profitable. In fact, these nightmarishly complex radioactive boondoggles
have recently been turned into cash cows. Utilities achieved this remarkable
transformation the old-fashioned way--they used socialism.
in the 1990s, most American energy markets were deregulated one state, one
region at a time. In the process many old utilities were broken up into
different firms: some generated power, others sold it, still others handled
transmission. One of the crucial details of deregulation was allowing utilities
to pass on to rate payers the "stranded costs"--the outstanding
mortgage payments of their nuclear power plants.
whole article here:
The Public Service Commission would review the project costs annually. But under
a state law adopted in 2006, customers could begin paying for the project while
it is being planned and built, said Cynthia L. Muir, a PSC
spokeswoman………..this REAL socialism,
Construction Work in Progress, you pay while we build………..and if we
don’t finish, you lose.
is a reason Miami-Dade County in Southern Florida is the first place where
America's utility industry is moving forward with new nuclear capacity in three
Miami, Florida Power & Light found public officials malleable as silly
putty, willing to allow a local agreement with a wink to substitute for solid
facts that the public had the right to know: where the cooling water will come
from at a time of chronic drought, where the water--more than 50 million gallons
per day-- will go when it is evaporated, and what will its effects be on public
health and the environment.
this has stopped the Bush Administration and Congress from channeling more money
toward nukes. The current push to build nukes began in 2002, when the
Administration launched its Nuclear Power 2010 program,………….
pulls plug on reactors after millions spent
Saturday's Globe and Mail
16, 2008 at 9:30 PM EDT
is exactly what we want to avoid !!!!!!!!!
will be no massive nuclear renaissance. Talk of such a renaissance, however,
helps keep people distracted, their minds off the real project of developing
wind, solar, geothermal and tidal kinetics to build a green power grid.
no fear, wherever nukes are proposed the local groups are fighting, and fighting