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Why bring back expensive nuclear power when there are cheaper options? |

Diana Hooley: Why bring back expensive nuclear power when there are cheaper options? Idaho Statesman  ENERGY BY DIANA HOOLEY  07/05/09 “………………. ……………Wall Street Journal reporter Keith Johnson (WSJ Blog, June 12) says that the capital costs for nuclear are currently prohibitive……………………………current problems in the European nuclear industry suggests that new reactors would be “no easier or cheaper to build than the ones a generation ago.” The Times said that construction of two “new” generation reactors in France and Finland have been riddled with problems and are well over budget with no end in sight for the project’s construction phase.

The Times also said that in Florida and Georgia, state laws have been changed to raise electricity rates in order to pass on the costs of the expensive construction of new nuclear plants to consumers. Some states like Missouri have balked at these preconstruction costs and suspended any nuclear plant projects for their state.

The New York Times quotes MIT economist Paul L. Jaskow in acknowledging the cost of nuclear. Jaskow says a number of U.S. companies are looking in trepidation at the magnitude of investment necessary to build a reactor………………….. renewables are working toward baseload capacities, and with smart grids and other new storage technology, researchers can see the potential for baseload.

Wind power is just one of several renewable resources supported by current federal legislature that produces no greenhouse gasses or toxic waste and is believed to have the long-term technical potential to be five times total current global energy production or 40 times current electricity demand (“Global wind map shows best wind farm locations,” Environment News Service, May 17, 2005).

Additionally, renewables do not have to be built to scale like nuclear, requiring massive investments in large electrical transmission infrastructures. Evidently, investors know the market potential of renewables; wind power alone is growing at the rate of 30 percent annually (Renewables Global Status Report: 2009 update).

Diana Hooley: Why bring back expensive nuclear power when there are cheaper options? | Reader’s Opinion | Idaho Statesman

July 6, 2009 - Posted by Christina Macpherson | business and costs, USA | antinuclear, nuclear, nuclear costs, radioactive, uranium