Utah Bill designed for ratepayers to pay upfront for new nuclear reactors.
The bill is basically an admission that nuclear power plants are far too expensive, and far too risky an investment, to be bankrolled through the private capital market.
Nuclear speculation SB199 would shift risk to ratepayers, Salt Lake Tribune Feb 20 2013 When the ink isn’t even dry before the sponsoring lawmaker starts distancing himself from a bill he just introduced, the possibility of that bill becoming law seems remote indeed.
Which is good, because Sen. Curt Bramble’s SB199 is a horrible idea.
The bill is basically an admission that nuclear power plants are far too expensive, and far too risky an investment, to be bankrolled through the private capital market. With no investors willing to put up the billions necessary for the long permitting and design process — which could lead to a dry hole — the backers of the proposed Blue Castle nuclear plant want Utah electric customers to fund their speculation.
Were the bill to pass, and were the Utah Public Service Commission to take every step the bill allows, Utah ratepayers could see large hikes in their monthly bills to pay for a nuclear power plant that may never get off the drawing board….. The amount of water needed to cool the process threatens to make any plant built in Utah’s desert impractical at best. And we still haven’t figured out what to do with the spent fuel and other radioactive leavings.
If Utahns are so desperate for nuclear power that they would be willing to start paying billions for it before a plant has even won its permit, this is the chance for them to say so. Otherwise, this bill richly deserves the oblivion for which it is destined. http://www.sltrib.com/sltrib/opinion/55858779-82/bill-nuclear-power-plant.html.csp
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1.This Month
EVENTS
25 January Takoma Park USA Commemorating ‘Nuclear-Free Zone’
with Virtual Film Screening
Hibakusha: A-bomb survivor, 95, never giving up the
battle to eliminate nuclear weapons
https://mainichi.jp/english/articles/20201229/p2a/00m/0na/032000c
December 30, 2020 (Mainichi Japan)
Tsuboi released comments expressing his joy after he
learned that the Treaty on the Prohibition of Nuclear
Weapons would enter in force.
“I am filled with excitement, thinking, ‘At long last.
This is great.’ It is a major step toward my long-held,
earnest desire for nuclear weapons to be banned
and eliminated,” he said. At the same time, he
noted that states with nuclear weapons, as well
as Japan, had not ratified the treaty and said, “The road hereafter may be rough.”
Still, each time I have met Tsuboi, he has
repeatedly stated, “I won’t give up until there ar
e zero nuclear weapons. Never give up!”
JAN 28 AT 7 AM UTC+11 – JAN 28 AT 8:30 AM UTC+11
Webinar: Ending the global security threats of nuclear power
Event by Coalition for Responsible Energy Development in New Brunswick, Beyond Nuclear and 2 others
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