Delay in construction of Vogtle nuclear station – every day extra means additional costs to customers
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Southern Company identifies ‘likely’ nuclear construction delay on Vogtle unit, Utility Dive, 22 Mar 21, Iulia Gheorghiu @IMGheorghiu
Dive Brief:
“Every day that that unit is delayed means additional cost burdens are going to get thrust on customers,” David Rogers, Southeast deputy regional director for Sierra Club’s Beyond Coal Campaign, said. “We could find cheaper, more effective ways to meet any needs that [Unit 3] fills by using things like wind, solar, storage, [and] energy efficiency.”……. https://www.utilitydive.com/news/southern-company-identifies-likely-nuclear-construction-delay-on-vogtle-u/597095/
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The economics of nuclear power plants are not favorable to future investments
Investing into third generation nuclear power plants – Review of recent trends and analysis of future investments using Monte Carlo Simulation https://www.sciencedirect.com/science/article/abs/pii/S1364032121001301 Renewable and Sustainable Energy Reviews Volume 143, June 2021, 110836 Author links open overlay panelB.WealerabS.BauerbC.v.HirschhausenabC.KemfertacL.Göke
Highlights
- •Cost escalations in the nuclear sector observed in previous research continue until today.
- •Investing into a nuclear power plant today is not a profitable business case.
- •The net present values are mainly negative, in the range of five to ten billion USD.
- •Interest during construction is a major cost driver not to be underestimated.
- •Policy debates should consider total costs including interest and construction time.
Abstract
This paper provides a review of trends in third generation nuclear power plants, and analyzes current and future nuclear power plant investments using Monte Carlo simulations of economic indicators.
We first review global trends of nuclear power plant investments, including technical as well as economic trends. The review suggests that cost escalations in the sector observed in previous research continue until today, including the most recent investment projects in the U.S. and in Europe.
In order to extend this analysis, we carry out our own investment analysis of a representative third generation nuclear power plant, focusing on the net present value and the levelized cost of electricity. We base our analysis on a stochastic Monte Carlo simulation to nuclear power plant investments.
We define and estimate the main drivers of our model: Overnight construction costs, wholesale electricity prices, and weighted average cost of capital, and discuss reasonable ranges and distributions of those parameters.
Model runs suggest that investing in nuclear power plants is not profitable, i.e. expected net present values are highly negative, mainly driven by high construction costs, including capital costs, and uncertain and low revenues.
Even extending reactor lifetimes does not improve the results significantly. We conclude that our numerical exercise confirms the literature review, i.e. the economics of nuclear power plants are not favorable to future investments, even though additional costs (decommissioning, long-term storage) and the social costs of accidents are not even considered.
Georgia’s Vogtle nuclear station likely to again miss a deadline
Georgia Power now says Vogtle nuclear ‘likely’ to bust deadline, GEORGIA NEWS, March 20, 2021, By Matt Kempner, The Atlanta Journal-Constitution GEORGIA NEWS Company cites need for ‘remediation’ work to meet standards
Many other electric providers in Georgia, including municipal systems and electric co-ops, are also contractually tied to the Vogtle expansion.
The new reactors at Vogtle, located south of Augusta, have yet to generate electricity, but monthly bills for Georgia Power customers already include charges related to
If the project is further delayed, Georgia Power faces the prospect of a short-term cut in its government-allowed profits. Long term, though, higher costs on the project
France must restructure debt-laden EDF (Electricite de France) and reform nuclear sector by October
Reuters 17th March 2021, France’s parliament must pass a bill on reforming utility EDF and the country’s sprawling nuclear sector by October if the plan is to be agreed in time for a presidential election in 2022, the prime minister’s office said on Wednesday.
The reforms, which have sparked wrangling with the European Union and labour unions, involve raising price guarantees on nuclear power that state-controlled EDF sells to third-party providers, helping the debt-laden utility cover its costs.
The government has recapitalised EDF in the past and has for now agreed to take dividend payouts in shares to alleviate pressure on the company’s finances.
A crowded parliamentary agenda is piling pressure on France to reach a deal quickly with antitrust authorities in Brussels over the restructuring of EDF, the first step needed before reforms can go ahead. Sources told Reuters last week that talks between Paris and the European Commission had entered a make-or-break phase, with end-March seen as a deadline to reach an agreement over antitrust and state aid issues or abandon the plan for now.
Nuclear power losing out in the UK – not a good omen for the global nuclear industry
Seeking Alpha 13th March 2021, My comments on offshore wind making other forms of energy uncompetitive in 2017 have only become more clear in the past 3 years. Now the adoption ofnoffshore wind is happening elsewhere around the world including in the US, Japan, South Korea, Taiwan, China, India.not one, but 16 of these plants with a capacity of 440 MW at a cost of 2 billion pounds each.
The Rolls Royce strategy is that by building multiple SMRs it will get good at it and the cost might go down. The reality behind this proposal is that it seems pretty ambitious to set out to build 16 plants before one has been successfully constructed. Time seems against this concept as the UK will have largely exited nuclear power by 2030.
Fukushima nuclear accident costs so far $188billion, projected final costs of $740 bn.
David Lowry’s Blog 10th March 2021, Pediatrician Dr Alex Rosen, a leading figure in the German branch of the International Physicians for the Prevention of Nuclear War (IPPNW) said it was “luck and divine intervention” that wind from the west blew most of the radiological releases out over the Pacific Ocean, meaning the Fukushima accident released more radioactivity to the oceans than the Chernobyl accident and all the nuclear weapons tests together.Buffett Institute for Global Affairs located in Evanston, Illinois, and the Bulletin for the Atomic Scientists, based in Chicago, to launch a new international interdisciplinary collaborative study on “Nuclear Disaster Compensation: Lessons from Fukushima: Interviews with Experts and
Intellectuals, edited by anthropology professor Hirokazu Miyazaki.
http://drdavidlowry.blogspot.com/2021/03/nuclear-fuk-ed.html
Cash-strapped Japanese nuclear company funds road plans near idle nuclear plant
Cash-strapped JAPC funds road plans near idle nuclear plant, THE ASAHI SHIMBUN
March 8, 2021, TSURUGA, Fukui Prefecture—Multibillion-yen road projects continue on a peninsula here, funded in part by a nuclear power company that has gained no income from electricity for a decade.
The roads were planned decades ago for the expected expansion of the Tsuruga Nuclear Power Plant here. Although all nuclear operations and construction at the nuclear plant have long been halted, the work on the roads has not stopped.
“We are building a new road,” said a signboard near an area where heavy vehicles were removing dirt from the site of a planned tunnel in the city of Tsuruga, Fukui Prefecture, in mid-February.
The sign included an apology for causing an inconvenience to motorists.
The city roads being built are Nishiura Route No. 1 and No. 2 on the sparsely populated eastern side of a peninsula that juts out into the Sea of Japan separating Wakasa and Tsuruga bays.Japan Atomic Power Co. (JAPC) and Kansai Electric Power Co. (KEPCO) plan to provide 1.5 billion yen ($14 million) to Tsuruga for road construction from fiscal 2018 to fiscal 2021, according to sources.
JAPC owns three nuclear reactors, including two at the Tsuruga Nuclear Power Plant. But all three reactors have been shut down since the 2011 Fukushima disaster, meaning that JAPC has had zero income from electric power generation for a decade.
The neighboring town of Mihama hosts the KEPCO-run Mihama Nuclear Power Plant, which has also been shut down since 2011.
So where does JAPC’s money for the roads come from?
JAPC had derived income from selling its electricity to five major utilities—Tokyo Electric Power Co., KEPCO, Tohoku Electric Power Co., Hokuriku Electric Power Co. and Chubu Electric Power Co. After the Fukushima nuclear disaster, JAPC’s management has relied on the basic electricity rates paid by the five major electric companies.
The basic rates come mainly from electricity bills that consumers pay.
Some experts are concerned that JAPC’s continued generous aid for road construction could affect the electricity rates charged by the five utilities.
The plans to build the two city roads were hatched around 1993, when the Fukui prefectural assembly passed a resolution to build the No. 3 and No. 4 reactors at the Tsuruga plant.
The work was expected to increase traffic of large vehicles into the peninsula………..By fiscal 2021, JAPC and KEPCO will have provided 4.06 billion yen to the city for the road construction.
After fiscal 2022, the city government said it will tell the companies how much they should pay “from fiscal year to fiscal year.”
JAPC shoulders 58 percent of the costs, while KEPCO pays 42 percent. The ratio “was decided by the business operators,” and the city government “does not know how it was decided,” an official said.
After its reactors were shut down and its business conditions deteriorated, JAPC was criticized for providing such generous donations to Tsuruga.
JAPC in 2013 demanded that the city not list its donations in the financial document, and the payments were not recorded in fiscal 2012 and fiscal 2013, the sources said.
……… KEPCO’s public relations office said the company “will be actively involved in” the city’s road construction projects, but declined to reveal the amount it has provided.
As of the end of January this year, there were 520 people living in the peninsula registered as residents of Tsuruga. The peninsula has hosted seven nuclear reactors, of which five have been under decommissioning work.
The planned city-owned Nishiura Route No. 2 will be 800 meters long. The construction site is located north of the center of the Tsuruga city.
The estimated cost to build this road is 1.46 billion yen.
A former Fukui prefectural official who was familiar with the deal-making process said.
JAPC offered the money “as a quid pro quo for the city’s acceptance of the nuclear plant’s expansion plan.”
The innkeeper who wanted the roads in the area also noted that times have changed since the start of construction.
“The traffic of vehicles related to nuclear power plants has drastically decreased compared to the times before the Fukushima accident,” the innkeeper said. “I don’t know if the roads are really needed.”
(This article was written by Hideki Muroya and Tsunetaka Sato.) http://www.asahi.com/ajw/articles/14250714
Nuclear workers plagued by leukaemia, cancers and other illnesses
Some workers developed cancer, leukemia and other illnesses. The same held true for workers at other nuclear facilities across the nation.
The number of potentially eligible workers across the nation is uncertain. Likewise, the number of employees potentially affected at West Valley could be in the thousands when accounting for temporary workers.
“This was particularly troubling if the same workers were hired repeatedly as temporaries and received high doses each time,”
In addition, the exposure of growing numbers of individuals increased the possibility of genetic consequences for the entire population.”
Cancer plagues West Valley nuke workers https://www.investigativepost.org/2021/03/01/cancer-plagues-west-valley-nuke-workers/
“What we were doing was insane. We were dealing with so much radiation,” he told Investigative Post from his home in New Hampshire.
“I’ve got absolutely no joints left in my knees — my knees are gone, my ankles are gone and my hips are gone,” he said.
“I wonder if it’s from working in that bathtub full of radiation.”
Pyles was one of about 200 full-time employees who operated the former Nuclear Fuel Services reprocessing facility five decades ago in the hamlet of West Valley, where the company partnered with the federal government to recycle used radioactive fuel. Other workers were hired to contain and dispose of the dangerous waste the operation left behind.
Some workers developed cancer, leukemia and other illnesses. The same held true for workers at other nuclear facilities across the nation. As a result, Congress established the Energy Employees Occupational Illness and Compensation Program in 2000.
An Investigative Post review of the program found the government has paid $20.3 million over the last two decades in cases involving at least 59 people who worked at the West Valley site.
In all, individuals have submitted claims involving 280 employees who worked at the bygone reprocessing facility or during the ongoing $3.1 billion taxpayer-funded cleanup. An undetermined number of claims have been denied; the rest are being adjudicated.
Pyles said he was unaware of the program. He isn’t alone.
The Department of Labor’s Office of the Ombudsman has repeatedly criticized outreach efforts in its annual oversight reports. Most of it has been in the form of events held near former sites. Given the passage of time and people’s movement, reaching more eligible workers is a challenge.
The workforce at West Valley involved more than full-timers. About 1,000 temporary laborers were hired by the company in any given year, according to government and media reports from the time.
The use of temporary workers was a common labor practice at the time, but few operations needed to “raise quite so large an army” as Nuclear Fuel Services, according to a Science Magazine report from the era.
The industry had a nickname for them: “sponges.”
They were hired to “absorb radiation to do simple tasks,” according to Dr. Marvin Resnikoff, a radiological waste consultant who co-authored a study of West Valley.
While working at a site like West Valley does not guarantee later illnesses or genetic complications for offspring, each exposure to radiation increases the likelihood of cancer, Resnikoff said.
“It’s what I guess I would call a meat grinder,” he said.
Exposure to radiation
At its groundbreaking in 1963, the Nuclear Fuel Services reprocessing facility was thought to be a harbinger of a coming economic transformation. It closed in less than a decade, however.
Through six years of operation, at least 36 individuals in 13 incidents were exposed to “excessive concentrations” of radioactivity, according to a federal consultant’s report. Nevertheless, government officials at the time reported “no significant improvement in exposure controls or radiological safety conditions.”
The plant opened in the spring of 1966. Used fuel rods, thousands of which are assembled to power a nuclear reactor core, were transported to the plant by rail and truck. Upon arrival, containers were submerged in a 45-foot-deep cooling pool of demineralized water.
The fuel rods were then cut open, chopped up and placed in an acid bath. The solvent separated the used fuel from the reusable uranium and plutonium, which was collected for resale. The radioactive byproduct was pumped into underground tanks for storage.
The plant had handled 630 tons of fuel and produced 660,0000 gallons of liquid waste by 1972, when it was shut down in anticipation of making improvements to increase capacity and meet new regulatory standards.
That’s when Pyles quit.
The former lab supervisor said he was upset at management’s inaction concerning safety issues. Radioactive dust migrated through the ventilation system and accumulated in ducts, federal records said. A single duct was a “primary source of radiation” in the plant on three levels.
Pyles and coworkers absorbed radiation from that duct for five years, he said. They recognized that it posed a danger, but he said management ignored repeated requests to keep the airway flushed.
In response, Pyles said he and his coworkers hammered into the floor quarter-inch sheets of lead, used as temporary shields throughout the plant. When radiation levels went up, another sheet went down, he said. Finally, when the lead was an inch thick, Pyles said there were concerns they’d reached “the load bearing limit of the floor.”
Many unaware of program
Under the terms of its contract with the federal government, Nuclear Fuel Services pulled out of the operation in 1977. Federal and state officials battled over who was responsible for the site, until it was decided by Congressional action five years later.
In 1982, the newly formed U.S. Department of Energy took control of the 200 acres where the reprocessing facility operated. The New York State Energy Research and Development Authority, or NYSERDA, was charged with shutting down the site’s disposal area and stewardship of the 3,345 acres that surround it.
Nationally, the Department of Labor has received claims based on 129,488 former employees and paid $19.1 billion. While substantial, the department’s ombudsman has continually pushed for more resources and outreach efforts.
“While it is clear that those efforts have informed many individuals of the existence of the [program], it is likewise clear that there are still many who are unaware of [the program] and for whom more should be done to address this lack of awareness,” the office said in its most recent report to Congress.
The report cites an email from one frustrated former employee, who learned of the program with his wife by overhearing another couple’s conversation in the lobby of a hotel in Colorado.
“The husband was a former (energy employee),” the email said, concluding: “THIS IS HOW I WAS MADE AWARE OF THIS PROGRAM.”
The number of potentially eligible workers across the nation is uncertain. Likewise, the number of employees potentially affected at West Valley could be in the thousands when accounting for temporary workers. A 1985 report to Congress on workplace reproductive health threats noted 991 temporary workers were hired in West Valley in 1971. It was an “extreme case” of using such labor, the report said.
The 1974 report in Science Magazine said temporary laborers outnumbered operating staff 10 to 1 at times. According to federal records, media reports and interviews, temps were assigned tasks ranging from replacing light bulbs to “burying low-level nuclear waste.”
Records are typically scant for such subcontractor laborers, however. Companies, rather than the government, tended to retain those employment records, many of which no longer exist.
Science Magazine reported that former employees, members of the International Association of Machinists and Aerospace Workers, said “two contractors drew heavily on moonlighters, students and men seasonally employed at area automobile plants.”
A union official told the magazine then that between one-third and one-half of the Nuclear Fuel Services workforce were temporary hires that “could have been described as ‘down-and-out’ men from skid-row areas.”
How educated they were about the hazards of the job is an open question, according to J. Samuel Walker, a historian of the United States Nuclear Regulatory Commission whose published work includes research on nuclear transient workers. Use of the labor practice declined in time as safety concerns grew, Walker wrote in his book, “Permissible Dose.”
“This was particularly troubling if the same workers were hired repeatedly as temporaries and received high doses each time,” Walker said. “In addition, the exposure of growing numbers of individuals increased the possibility of genetic consequences for the entire population.”
Want to know more about the program? Call 716-832-6200 or visit this website.
Scottish Council calls on big pension fund to stop investing in weapons makers

The Ferret 5th March 2021, Inverclyde Council has called on Scotland’s largest council pension fund to stop investing in arms and to commit to ethical investments. A motion was passed this week after Inverclyde Council was told that Strathclyde Pension Fund (SPF) held shares in 11 of the world’s 20 biggest arms manufacturers, including some involved in the production of nuclear weapons. The council’s decision has been welcomed by Campaign Against Arms Trade, Nuclear Free Local Authorities (NFLA) and Don’t Bank on the Bomb.
https://theferret.scot/inverclyde-council-pension-fund-invest-ethically/
Despite the problems, small nuclear reactor salesmen aggressively marketing: it’s make or break time for the nuclear industry.
Entrepreneurs Look to Small-Scale Nuclear Reactors, The American Society of Mechanical Engineers, Mar 2, 2021, by Michael Abrams ‘‘……… even concepts that are predicated on being small, modular, and fast to build seem locked into decades-long development cycles.
The key to reviving the nuclear power industry is building these small reactors not as projects, but as factory-made products. That’s easier said than done. “Usually, a bunch of nuclear engineers go in a room and then they come out after a year or two, and they have a design that doesn’t have a lot of foundation in realty, and nobody can make it, and the projects dies,” said Kurt Terrani, a senior staff scientist at Oak Ridge National Laboratory………..
In terms of reactor physics, the NuScale concept is fairly bog standard: low-enriched uranium, light-water cooling. In essence, their reactor is just a smaller version of the nuclear plants already in operation. That NuScale didn’t go with a more revolutionary design to mitigate waste or utilize an alternative fuel cycle is no accident. To do so would require the Nuclear Regulatory Commission to come up with an entirely new licensing framework, said José Reyes, cofounder and chief technology officer at NuScale.
“Pressurized water-cooled reactors have benefited from billions of dollars of research and development and millions of hours of operating experience over the past 50 year,” Reyes said. “NuScale went with a more traditional approach to assure a design that is cost-competitive and capable of near-term deployment.”
So far, the concept and design have been convincing enough to win funding from the DoE and to move NuScale farther along in the regulatory process than any of its would-be competitors.
“The whole idea of SMRs is that smaller is better,” said Jacopo Buongiorno, a professor of nuclear science and engineering at MIT and the director of the Center for Advanced Nuclear Energy Systems. “But within the class of small reactors, larger is still better. If you can design a reactor that is still simple, that is still passively safe, that can still be built in a factory, but that generates 300 megawatts, that for sure is going to be more economically attractive than the same thing that generates 60 megawatts.”
Make or Break for Nuclear
Moltex is aiming for build costs at around $2,000 per kW—more than wind or solar, but less than newly built coal or gas plants, let alone competing nuclear concepts. “We’ve believe we’ve come up with a concept that can radically reduce the cost of nuclear power,” ……
10 years after Fukushima nuclear disaster, – poor prospects for nuclear revival in Japan
Decade after Fukushima disaster survivor looks back | Tomioka just 10 km from wrecked nuclear plant
gainst almost any conceivable tsunami. Two reactors are ready to start splitting atoms again to heat water into steam and generate power, the operator has told regulators.
All of Fukushima prefecture’s reactors are closed permanently or set to do so. Chubu Electric Power Co. , owner of the Hamaoka plant, declined to make an executive available for comment. It has formally applied to reopen two reactors at the plant and told regulators that new measures such as the wall, mainly completed in 2015, make them safe to operate.
Concern about the marketing of radioactively contaminated scrap metal
Germany to pay nuclear operators 2.4 bln euros for plant closures
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Germany to pay nuclear operators 2.4 bln euros for plant closures, https://www.reuters.com/article/germany-nuclear-settlement/germany-to-pay-nuclear-operators-24-bln-euros-for-plant-closures-idUSS8N2IR026 By Reuters Staff, (Reporting by Vera Eckert, Tom Kaeckenhoff and Markus Wacket, editing by Thomas Escritt)
FRANKFURT, March 5 21, (Reuters) – The German government has agreed to pay nuclear operators 2.4 billion euros ($2.86 billion) in compensation for forcing them to shut their nuclear plants early in response to the the Fukushima disaster, ministries said on Friday.The Frankfurter Allgemeine Zeitung daily had reported on Thursday that a sum of 2.4 billion euros will be made available from the general budget, citing government sources. The four affected companies are the German listed utilities RWE, which will get 880 million euros, and E.ON , which will get 42.5 million euros, as well as Swedish state-owned rival Vattenfall, which will get 1.425 billion euros, and mainly publicly-owned German EnBW , which will get 80 million euros. A Constitutional Court ruling in November had found in favour of the companies in their complaint that the government’s previous offer had not gone far enough. The court called for a speedy settlement of the dispute, which was mainly pursued by Vattenfall. The court had already ruled in 2016 that while the nuclear phase-out was legal, the operators needed to be better compensated for lost production. ($1 = 0.8389 euros) |
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Nuclear Power’s Prospects Cool a Decade After Fukushima Meltdowns
Nuclear Power’s Prospects Cool a Decade After Fukushima Meltdowns
Disaster at the Japanese reactors marked a turning point for an industry that once promised to give the world a nearly unlimited source of energy WSJ, By Peter Landers, March 3, 2021
OMAEZAKI, Japan—At a seaside nuclear-power plant here, a concrete wall stretching a mile along the coast and towering 73 feet above sea level offers protection against almost any conceivable tsunami. Two reactors are ready to start splitting atoms again to heat water into steam and generate power, the operator has told regulators.
Yet despite safety measures set to cost nearly $4 billion, the Hamaoka plant hasn’t produced a single kilowatt since May 2011, and it has no target date to restart. The paint on billboards is fading and an old “no trespassing” sign outside the barbed wire lies on the ground—signs of creeping neglect.
Even a local antinuclear leader, Katsushi Hayashi, said he spent more time these days fighting an unrelated rail line in the mountains, confident that regulators and public opinion wouldn’t let the plant open any time soon. “Fukushima gave us all the proof we need. It’s dangerous,” Mr. Hayashi said.
The triple meltdowns at Japanese nuclear reactors in Fukushima after the March 11, 2011, earthquake and tsunami marked a turning point in an industry that once dreamed of providing the world with nearly unlimited power.
A decade after Fukushima, just nine reactors in Japan are authorized to operate, down from 54 a decade ago, and five of those are currently offline owing to legal and other issues. All of Fukushima prefecture’s reactors are closed permanently or set to do so. Chubu Electric Power Co. , owner of the Hamaoka plant, declined to make an executive available for comment. It has formally applied to reopen two reactors at the plant and told regulators that new measures such as the wall, mainly completed in 2015, make them safe to operate…… (subscribers only) https://www.wsj.com/articles/nuclear-powers-prospects-cool-a-decade-after-fukushima-meltdowns-11614767406
Public Service Enterprise Group trying to force ratepayers to act as guarantors for nuclear power debts
Obligating ratepayers to act as guarantors…
…. they seek to leverage the subsidies as a means to obligate ratepayers to act as guarantors of the plants’ profitability,
It is noteworthy that PSEG never offered to return any stranded-cost payments to ratepayers and now has the temerity to argue that this $3 billion wealth transfer should not be considered in determining whether the nuclear plants require further subsidization.
Despite the efforts of PSEG and Exelon to ignore precedent and establish their preferred regulatory structure, the fact remains that the BPU and Legislature removed precisely these types of costs and risks from ratepayer responsibility long ago.
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Ratepayers held up their side of nuclear deal. PSEG must do the same https://www.njspotlight.com/2021/03/nj-board-public-utilities-must-decide-massive-nuclear-subsidies-pseg-drumbeat-no-justification-responsibility-costs-risks/ STEVEN S. GOLDENBERG | MARCH 3, 2021
There is no justification for PSEG’s effort ‘to require ratepayers to assume responsibility for the costs and risks associated with the continued operation’ of its nuclear plants
With the issue regarding the propriety of nuclear subsidies — known as Zero Emission Certificates or ZECs — again before the Board of Public Utilities, the predictable PSEG-inspired public drumbeat supporting its nuclear plants has begun. News outlets, including NJ Spotlight News, have recently featured articles and editorials that tout the benefits the nuclear plants confer on the state, and are intended to gin up support for extending the current $300 million annual ratepayer subsidies. Continue reading
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