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New Orleans suburbs resident to pay up for nuclear plant repairs

text-my-money-2Entergy seeks bill increase to pay for nuclear plant repairs BY MARK BALLARD, The Advocate, September 06, 2013 About 700,000 Entergy customers from the New Orleans suburbs to the Arkansas line already are paying to repair the Waterford 3 nuclear plant that has only 11 years left on its license.

Since January, Entergy Louisiana’s typical residential customers — who buy about 1,400 kilowatt hours of electricity monthly — have been paying $5.81 more each month for the nuclear plant repairs, according to the company’s calculations.

The repair is roughly the cost of building a brand-new generating plant that uses natural gas as fuel and would last another half century, said Casey DeMoss Roberts, executive director of the Alliance for Affordable Energy. The Alliance is a New Orleans-based group that advocates on behalf of residential and small-business customers of big utility companies.

“Do we want to invest that much money into about a 30-year-old nuclear power plant, or should we retire the plant and invest that into a new natural gas or some other new generation source?” Roberts asked…….

September 7, 2013 - Posted by | business and costs, USA

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