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Energy firm pulls out of its $billion nuclear power plans

$1 Billion Nuclear Power Plans Abandoned In Iowa Clean Technica,  June 6, 2013  Plans for Iowa’s second nuclear power plant have been dropped by Mid American Energy. No design has been approved for the type of nuclear plant the company had intended, so they have let the idea go. It was reported that ratepayers will be refunded the $8.8 million they paid for a completed feasibility study. Sites not far from Council Bluffs and Davenport were being considered for the plant….

Friends of the Earth interpreted the decision more broadly saying it is an indication that massive public subsidies for new nuclear power might not be as popular an idea any longer. A poll of Iowans conducted in 2012 found 77% were against a funding arrangement that would have required residents to have to pay the energy company up front for construction of the nuclear plant. Proposed legislation could have made such an arrangement possible, but it was opposed by a number of non-profit advocacy organizations, so it didn’t go through. t http://cleantechnica.com/2013/06/06/1-billion-dollar-nuclear-plant-dropped-in-iowa/#pAxzd7cFlUlp1crh.99

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June 8, 2013 - Posted by | business and costs, USA

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