nuclear-news

Will $12 billion tax-payer money save Georgia’s dying nuclear project?

Trump Admin. Pours $12 Billion Into Dying Nuclear Energy Project In Georgia, Triple Pundit. by Tina Casey on Monday, Oct 2nd, 2017 In a last-ditch attempt to save the struggling Vogtle nuclear energy project in Georgia, the U.S. Department of Energy has just proposed adding another $3.7 billion in loan guarantees to the $8.3 billion load it is already carrying, for a total of $12 billion. In a related move, the Energy Department also proposed a regulatory carve-out that would enable nuclear and coal power plants to continue operating, even if less costly alternatives are available.

That’s quite a bit of over-extension to aid a single industry, and it puts President Trump in a tight spot. After all, he is the chief representative of a political party that advocated long and hard against “picking energy winners and losers” during the Obama Administration.

Nuclear energy as a raison d’être

Before digging into this latest episode in the U.S. nuclear energy industry, it’s worth recalling that the Energy Department’s mission is deeply entwined with nuclear energy……

The large scale nuclear energy model is especially outdated in today’s marketplace. Leading U.S. corporations and the emerging community aggregation movement are both driving the transition to renewables as a more safe, environmentally responsible and economically sustainable way to operate……http://www.triplepundit.com/2017/10/trump-admin-pours-12-billion-dying-nuclear-energy-project-georgia/

October 4, 2017 - Posted by Christina Macpherson | general