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The nuclear industry’s game plan to take your money and keep reactors operating

GreenWorld

Exelon again threatens to close its aging, uneconomic, Fukushima-clone Quad Cities reactors--a threat that would be better as a promise. Exelon again threatens to close its aging, uneconomic, Fukushima-clone Quad Cities reactors–a threat that would be better as a promise.

With the failure of last decade’s nuclear “renaissance” leading to dismal prospects for expansion, and rising operating costs–including modest and insufficient post-Fukushima improvements–making a large number of existing reactors uneconomic in the deregulated marketplace, the nuclear power industry over the past couple of years has focused on its sheer survival. This means bailouts in one form or another.

This isn’t a surprise to regular readers of GreenWorld, as we’ve chronicled the increasingly desperate efforts by utilities like Exelon and FirstEnergy to obtain taxpayer and/or ratepayer bailouts of aging, dangerous and uneconomic reactors like Quad Cities and Davis-Besse.

Typically, the utilities threaten to close reactors if they don’t get what they want, which could lead to job losses and drops in tax revenues. In reality, state legislators and regulators should look…

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March 17, 2016 - Posted by | Uncategorized

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