Following huge bribery scandal, Energy Harbor still manipulating to keep nuclear bailout law
Energy Harbor seeks option of turning down HB6 nuclear bailout money, Cleveland.com Dec 21, 2020; Ohio. Energy Harbor is lobbying for Ohio lawmakers to let it choose whether it should be eligible for House Bill 6 nuclear bailout money,
COLUMBUS, Ohio—Energy Harbor is lobbying for state lawmakers to allow it to decide whether to accept more than $1 billion in House Bill 6 bailout money for its two nuclear power plants because a federal regulatory ruling might otherwise make the subsidies a liability, according to a top lawmaker.
It’s still unclear whether legislators will agree to the proposal, which is being crafted by House Majority Leader Bill Seitz, or whether they will pass any reforms to HB6 at all on Tuesday, expected to be the final day of the current legislative session.But it shows that Energy Harbor, a former subsidiary of FirstEnergy, is working behind the scenes to influence what reforms might be made to HB6, which is at the center of what authorities say is the largest bribery scheme in Ohio history. Federal authorities say $60 million in FirstEnergy bribery money was used to pass the law and keep it on the books.
Under the 2019 law, Energy Harbor’s Davis-Besse and Perry nuclear power plants are set to get $150 million per year from ratepayers from 2021 until 2027. Energy Harbor officials have said without the bailout, they will have to close the plants, though they’ve offered no financial data to back their claims.
But after the HB6 scandal broke last summer, GOP lawmakers have been working on possible changes to the law — including requiring yearly audits to see how much money the nuclear plants need to break even, then adjusting accordingly the amount of subsidies paid to Energy Harbor.
House and Senate leaders are still working to craft an HB6 reform plan that has the votes to pass both chambers. The main reform plan, House Bill 798, would delay the start of the bailout until 2022 to provide time for an audit to be conducted.
When asked whether lawmakers were close to a deal, Seitz said, “That’s kind of above my pay grade.”
“Energy Harbor is a corporation under investigation for orchestrating the largest bribery scandal in Ohio history,” Leland said, “and now Republicans want to let it decide whether to take $1.3 billion straight out of the pockets of everyday Ohioans.” https://www.cleveland.com/open/2020/12/energy-harbor-seeks-option-of-turning-down-hb6-nuclear-bailout-money.html
Major Japan life insurers shun investing in nuclear weapons-linked firms
Major Japan life insurers shun investing in nuclear weapons-linked firms, https://www.japantimes.co.jp/news/2020/12/14/national/major-japan-life-insurers-investing-nuclear-weapons-linked-firms/ 14 Dec 20, Four major Japanese life insurers do not invest in or extend loans to producers of nuclear weapons or companies related to them, Kyodo News learned Saturday, as part of their efforts toward socially responsible investing.The revelation comes as various lenders in Japan, Europe and the United States have refrained from investing in companies involved in the nuclear weapons industry.It also precedes the entry into force in January of a United Nations treaty that will ban such weapons.
The four life insurers which managed a combined ¥151 trillion in assets in fiscal 2019 — Nippon Life Insurance Co., Dai-ichi Life Insurance Co., Meiji Yasuda Life Insurance Co. and Fukoku Mutual Life Insurance Co. — did not disclose lists of targeted companies. The restraint shown by the life insurers reflects a growing trend toward valuing environmental, social and governance (ESG) factors in making investment decisions. It is believed that such investing strategies will give a boost to the advancement of green technologies while cutting funding for developing nuclear weapons. Three of the insurers, with Nippon Life being an exception, say they do not invest in companies involved in the maintenance of nuclear warheads or manufacturing of ballistic missiles, in addition to those making nuclear weapons. According to PAX, an international nongovernmental organization for peace, U.S. Lockheed Martin Corp., which develops the long-range Minuteman intercontinental ballistic missile, is among such companies. More than 300 lenders including major Japanese banks invested a total of $748 billion in companies involved in the nuclear weapons industry between January 2017 and January 2019, according to the NGO. In April, Dai-ichi Life published a basic policy that excludes weapons producers from its portfolio. The company told Kyodo News that companies linked to nuclear weapons raise concerns from the viewpoint of ESG. Meiji Yasuda said it does not invest in or extend loans to companies that are found to have links to nuclear and other inhumane weapons based on undisclosed internal rules. Categorizing companies related to nuclear weapons as “socially problematic,” Fukoku has excluded them from its investible universe in line with its own guidelines adopted in February 2019. Nippon Life, meanwhile, said it does not invest in shares or bonds of nuclear weapons producers. The Treaty on the Prohibition of Nuclear Weapons will become the first international pact outlawing the development, testing, possession and use of nuclear weapons, though the world’s major nuclear powers have not joined it. Japan, the only country to have suffered a nuclear attack, has not taken part, to the disappointment of many atomic bomb survivors in Hiroshima and Nagasaki, as it is protected under the U.S. nuclear umbrella. Sumitomo Life Insurance Co., which does not have guidelines on investing in nuclear weapons companies, said it will consider exercising restraint as investing in such companies would hurt its reputation once the nuclear ban treaty takes effect. |
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USA government resists paying compensation to nuclear workers made ill by ionising radiation
the labor department ignored overwhelming evidence that her husband became sick from working at SRS
the system has become hard to navigate, with the government often fighting tooth-and-nail against the workers they were supposed to help
More than 2,200 workers had spent five years or more going through the exhaustive claims process, according to McClatchy’s 2015 “Irradiated’’ series. Some workers who filed for benefits died while awaiting decisions from the government, McClatchy found.
Death and despair. How the feds refused to help a nuclear worker’s family in SC, The State,
BY SAMMY FRETWELL, December18, 2020 Every time Jerry Bolen came home from a construction job at the local nuclear weapons complex, he took off his dusty coveralls before stepping into the house he shared with his wife and children.
It was a precaution against tracking hazardous, radioactive materials into the family’s home in rural Barnwell County, says his widow, recalling how she would gingerly place the contaminated garment into the washing machine.
But while the effort protected the couple’s three kids, Jerry Bolen suffered. The long days he spent working at the Savannah River Site, exposed to chemicals and radiation, eventually killed him, his widow says.
Now, an exasperated Carolyn Bolen has sued the U.S. Department of Labor following a 13-year battle with the government over whether the family should receive compensation for the cancer that took Jerry Bolen’s life in 2006.
Her story is a familiar one. Many people who worked at SRS have complained for years that a federal compensation program for sick workers and their families is a bureaucratic morass that takes too long to maneuver and often doesn’t provide the benefits they were promised.
In Carolyn Bolen’s case, however, she was turned down so many times for benefits through the federal program that she exhausted all her appeals, prompting the federal lawsuit, she and her lawyers say.
The Nov. 20 suit against the labor department is among a handful of cases in South Carolina by ex-SRS workers and their families who were denied benefits in recent years through the federal compensation program, said Bolen’s lawyers, who specialize in helping sick workers.
Bolen’s attorneys said the labor department ignored overwhelming evidence that her husband became sick from working at SRS. They are seeking $275,000, the maximum she can get under the program. Other suits are expected as more workers or their loved ones are turned down by the government, said attorneys Warren Johnson and Josh Fester.
The federal government launched the compensation program two decades ago after conceding that employment at nuclear weapons sites likely made some of the workers ill. It was designed to help former employees who got sick working in U.S. nuclear sites during the Cold War.
To receive compensation, workers or their families must show that radiation on the site was as likely as not to have caused cancer or a handful of other ailments. Or, in some cases, they must show that people worked on the site during times when records of exposure are difficult to find.
The nuclear compensation program provides benefits to sick workers, but in some cases, covers their families after the person has passed away, such as with Bolen.
Unfortunately, the system has become hard to navigate, with the government often fighting tooth-and-nail against the workers they were supposed to help, Johnson said. Taking legal action to force federal compensation shouldn’t be necessary, said Johnson and Fester, whose law practice has represented sick SRS workers for years.
“This was supposed to be a way to make up for, or show our gratitude to these patriotic workers,’’ Johnson said of the compensation program. “They gave their health for our sake for the Cold War. We can at least offset the burden, by giving financial security, knowing they aren’t leaving a burden on their wives and children.’’………..
In 2015, the labor department told The State and the McClatchy Co. the program had approved more than 40 percent of the claims made by nuclear workers and their families, far more than the 25 percent the government anticipated when the program launched in 2001. The labor department said Friday the approval rate nationally is now more than 50 percent.
Even so, many claims don’t get approved and the wait for answers can be time-consuming. More than 2,200 workers had spent five years or more going through the exhaustive claims process, according to McClatchy’s 2015 “Irradiated’’ series. Some workers who filed for benefits died while awaiting decisions from the government, McClatchy found.
Earlier this month, a federal panel considered a proposal, advocated by Johnson, that could make it easier for thousands of workers and their families to receive benefits. But the board put off a decision until next year…………
he never complained about the long hours or said much about hazardous conditions at the site. That was important to the federal government because, during the Cold War, much of the work on the Savannah River Site needed to be kept confidential, family members say.
Tim Bolen, his son, said he never knew his father worked at SRS until just a few weeks before his death. But Carolyn Bolen did.
She remembers the days her husband came home with his coveralls coated in “white stuff’’ that she says came from the Savannah River Site. Bolen never knew what the material was, but she was always wary of the potential danger. And her husband occasionally offered clues that the white material came from SRS, she said……….
The site, a 310-square-mile complex, contains an array of nuclear production areas with some of the most toxic substances in the world.
Among them is a tank farm, which houses nuclear waste deadly enough to rapidly kill a person directly exposed to it. Carolyn Bolen’s lawsuit says her husband worked for a while in the tank farm area and another section where radioactive material is used.
The Savannah River Site, located near the Georgia border outside Aiken, was part of the national effort to produce atomic weapons between World War II and the early 1990s. Nationally, the effort employed some 600,000 people, according to the U.S. Government Accountability Office……
After working periodically at SRS through the years, Jerry Bolen began to feel an uncomfortable sensation in the late 1990s that he couldn’t shake.
Something was wrong with his bladder. During trips to the bathroom, bloody urine flowed into the toilet and a sharp sting caused him to gasp. The pain was so bad, at times, that Carolyn Bolen could hear her husband’s cries throughout the house.
“He just screamed for mercy,’’ she said.
The discomfort sent him to a doctor, where the family learned the man who had faithfully kept a roof over their heads and food on the table was gravely ill. He had bladder and prostate cancer…….
In August 2006, Jerry “Little Mac’’ Bolen died at the age of 60, leaving his wife and family wondering how the once robust man could slip from their world. It didn’t seem right that a man so young and energetic had become so sick, family members say. …….
MISSING RECORDS
Jerry Bolen’s time at SRS, and his devotion to his family, haven’t impressed federal officials who have considered whether his family is eligible for benefits through the labor department’s sick worker compensation program. They’re skeptical an award to his widow is warranted, saying they need more evidence.
An obstacle some workers face is gaining access to records that could show there is at least a 50 percent chance radiation caused cancer they developed after working at the Savannah River Site, a complex developed in the early 1950s.
Many records either can’t be located, are inaccurate or don’t exist, meaning workers can’t prove how many days they worked on site, or the amount of radioactive material they might have been exposed to.
That’s a particular concern for subcontractors like Bolen, who did not work directly for the government or for the major contractors hired by the U.S. Department of Energy to run the site. Subcontractors often were local construction companies brought in to do specific jobs.
Johnson and Fester said records of subcontractors often are harder to find than those for energy department workers.
In Bolen’s case, the labor department turned down the family’s claim for benefits because “the submitted documentation does not establish covered SRS employment for the employee,’’ according to the federal lawsuit Carolyn Bolen filed. In declining comment on the Bolen case, a Department of Labor spokeswoman said Friday that claims can be turned down for a variety of reasons…..
Bolen’s lawsuit, however, said the labor department simply dismissed credible evidence that would prove the case. Jerry Bolen, for instance, worked with acquaintances or for his brothers’ construction businesses in the late 1960s, 1970s and 1980s, according to five affidavits filed in Carolyn Bolen’s federal lawsuit last month.
Those affidavits, provided by family and friends who worked with Jerry Bolen, were combined with SRS identification badges issued in his name, and records of radiation doses the family ran across in his belongings. Some material was unearthed and provided to the government after the labor department had initially denied requests for compensation.
Despite the evidence, the Department of Labor ruled against the Bolen family’s request for reconsideration this past summer. Her case had been turned down at least three times before 2020.
“The department simply ignored additional evidence that Mr. Bolen was present at the site before 1968 and after Jan. 24, 1969,’’ the lawsuit said. “Mrs. Bolen’s request for reconsideration further asserts the department misapplied the law in determining covered employment by holding Mrs. Bolen to an impossible burden of proof.’’
While the Bolens have been turned down repeatedly in seeking compensation, Johnson and Fester are hoping the lawsuit will succeed. Fester said one of the five other cases the firm has filed resulted in a verdict that would have required payment to a sick worker. But the worker died before benefits were dispersed.
In the meantime, Fester and Johnson are pushing the federal government to approve a proposal that could open up benefits to thousands of people who worked at the Savannah River Site.
Under federal law, the government can acknowledge that it is too difficult to find records during certain years that would prove a person’s case for compensation for radiation-related cancer. As a result, the government can declare periods of years free of the need to provide records showing that a person likely got cancer from working at SRS.
The government already has done that for the time from 1953 to fall 1972. Some ex-workers at SRS, who were employed there for at least 250 days between these times, are eligible for benefits without producing extensive documentation about exposure to radioactive materials.
Now, a federal advisory board is considering whether to extend that to cover up to 1990 for some types of workers at SRS. It’s clear that Jerry Bolen worked well above 250 days between 1972 and 1990 at the site, so it’s possible his family could gain compensation if the time period is expanded to 1990, Johnson and Fester said.
A decision, under consideration for years, could be rendered as early as February if the federal advisory board recommends expanding the period. Such a decision ultimately would be made by the U.S. Department of Health and Human Services, the labor department said Friday.
Carolyn Bolen said a favorable decision — and her lawsuit — would mean a lot to many people who need help after they or their loved ones got sick at SRS.
“There are a lot of poor people in this world, and they don’t have the money like the president or the people in the White House,’’ she said. “I ain’t just talking about myself. There are people with needs.’’
This story has been updated with information provided Friday Dec. 18, 2020 by the U.S. Department of Labor. https://www.thestate.com/news/local/environment/article247828620.html
Is Energy Harbor cutting nuclear plant workers’ benefits in violation of labor deal?
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Energy Harbor is cutting nuclear plant workers’ benefits in violation of labor deal, union says
By Jeremy Pelzer, cleveland.com, Ohio—A labor union is claiming that Energy Harbor is cutting health benefits for its employees at the Perry Nuclear Power Plant in violation of a 2019 deal that allowed the company to emerge from bankruptcy.
Utility Workers Union of America Local 270 is seeking arbitration with Energy Harbor after the company notified the union that, starting next month, it would no longer pay into about 30 plant workers’ health coverage at the same rate it did when it was part of FirstEnergy Corp., according to emails provided by the union. Under Energy Harbor’s proposal, these employees — who include mechanics, plant operators, and warehouse and maintenance workers — would have to pay amounts ranging from an additional $61.06 per month for single employees to $168.78 more per month for family coverage, according to the emails. William W. Thompson, Energy Harbor’s compensation and benefits manager, justified the change to the union on the grounds that the 2019 labor deal states that employee premiums should be calculated using the same methodology that was being used at the time……….
Joyce Goldstein, an attorney representing Local 270, noted in an interview that the dispute comes as state lawmakers are considering what to do about House Bill 6, a scandal-ridden energy law that, if left untouched, would start collecting fees from ratepayers next month to fund a $1 billion-plus bailout to Energy Harbor’s Perry and Davis-Besse nuclear plants. “I mean, their greed never stops,” Goldstein said. As Energy Harbor — then called FirstEnergy Solutions — went through bankruptcy proceedings last year, it attempted to replace workers’ pension plan with a 401(k) plan. The dispute led a federal judge to hold up approval of Energy Harbor’s bankruptcy restructuring plan until the company reached a deal to guarantee the pension plan and existing employee benefits. https://www.cleveland.com/open/2020/12/energy-harbor-is-cutting-nuclear-plant-workers-benefits-in-violation-of-labor-deal-union-says.html
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Why is UK govt taking the financial and flooding risk of Sizewell nuclear, when renewables are clearly safer and cheaper?
Tax Research UK 16th Dec 2020, There is an article in the FT this morning that suggests something thatshould be obvious, but needs saying. And that is that renewable energy is
now bringing deflation into the energy market.
Management. As he puts it: With the US poised to rejoin the Paris Agreement
under the incoming Biden administration and the proliferation of net-zero
commitments from various governments, the romance between equity markets
and renewable-energy goes from strength to strength.
overlooked: the underlying reason for the astonishing transformation of
renewables over the past decade from niche to mainstream competing
head-to-head with fossil fuels is economic rather than environmental.
fuels are intrinsically inflationary. This has huge implications for the
distribution of value across the global energy system over the next three
decades.
on the Suffolk coast where the chance that it will be flooded within the
foreseeable future is high? I wish I knew. We now have the option of viable
energy to sustain the transition we need. More investment in it only
increases its appeal. And yet still we stick with the harmful solutions. I
have never got this. I never will.
Britain: Controversial funding arrangements for unnecessary Sizewell C nuclear project ?
Sizewell C: government reignites £20bn nuclear power station row, Talks with EDF could lead to energy customers being charged for construction costs, Guardian, Jillian Ambrose Energy Energy correspondent, Tue 15 Dec 2020 The government has reignited a row over Britain’s nuclear energy ambitions by agreeing to restart talks with EDF over plans to build a reactor at Sizewell C in Suffolk.The talks could lead to the government taking a direct financial stake in the project before the end of the current parliamentary term in 2024, and using a new financial model that would make the public liable for cost overruns.
The formal negotiations over the £20bn nuclear plant will hinge on whether the French state-owned EDF can prove it has learned lessons from its Hinkley Point nuclear project in Somerset, and that a successor plant would offer the public value for money. If it succeeds it may be offered a multi-billion-pound deal that allows it to charge energy customers for the cost of construction while it builds the reactor, effectively putting bill payers on the hook for delays or cost overruns. Ed Miliband, Labour’s shadow business secretary, accused the government of “kicking big decisions into touch” and failing to offer a “definitive statement today one way or the other on financing, costs or an overall plan. The decision to restart talks is also expected to reopen a debate over whether nuclear energy can offer good value for money, and whether the UK needs new nuclear reactors to help meet a steep rise in demand for low-carbon electricity to power a boom in electric vehicles, induction hobs and heat pumps. …….. The decision to restart formal negotiations follows a hiatus in talks that have been dogged by concerns over cost, and the involvement of China General Nuclear Power (CGN), which owns 20% of the project. But environmental campaigners, including Greenpeace, have warned that nuclear reactors are “unnecessary” and expensive compared with renewable energy combined with battery storage technology. The community group Stop Sizewell added that the reactor posed a risk to the natural habitats along the Suffolk coast and the nearby Minsmere nature reserve. ……. The government said it would only consider playing a greater role in the Sizewell project if there was “clear value for money for consumers and taxpayers”. It is also planning to back a new generation of small modular nuclear reactors, or “mini nukes”, which can be built at a lower cost…… https://www.theguardian.com/business/2020/dec/14/sizewell-c-government-talks-nuclear-power-station-edf-suffolk |
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UK’s Sizewell nuclear project could be a costly fiasco like Hinkley Point C
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Britain must tread with caution on new nuclear
The country’s first power plant in over 20 years is costly and late,THE EDITORIAL BOARD, Ft.com, 14 Dec 20, The government cannot afford a repeat of what happened with Hinkley Point. Thanks to spiralling construction costs and a controversial support system that guaranteed EDF and its junior partner, China’s CGN, a steep price for the electricity, it has become one of the most expensive nuclear reactor projects in the world. Under the 2013 deal, the coalition government agreed a price of £92.50 per megawatt hour for the electricity — at the time, close to double the wholesale price. The price is also indexed to inflation. Since then, the cost of renewables has plummeted, making Hinkley Point look even more expensive. ….. https://www.ft.com/content/b528ba1c-3e29-4472-89ef-6627b60b6b0c
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UK Sizewell nuclear project could be a costly fiasco like Hikley Point C
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Britain must tread with caution on new nuclear
The country’s first power plant in over 20 years is costly and late,THE EDITORIAL BOARD, Ft.com, 14 Dec 20 The government cannot afford a repeat of what happened with Hinkley Point. Thanks to spiralling construction costs and a controversial support system that guaranteed EDF and its junior partner, China’s CGN, a steep price for the electricity, it has become one of the most expensive nuclear reactor projects in the world. Under the 2013 deal, the coalition government agreed a price of £92.50 per megawatt hour for the electricity — at the time, close to double the wholesale price. The price is also indexed to inflation. Since then, the cost of renewables has plummeted, making Hinkley Point look even more expensive. ….. https://www.ft.com/content/b528ba1c-3e29-4472-89ef-6627b60b6b0c
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UK and USA nuclear waste clean-up – a $billion here, a $billion there – pretty soon you’re talking real money
US Nuclear Site Cleanup Underfunded By Up To $70 Billion, Clean Technica, December 1st, 2020 by Michael Barnard
Headlines out of the UK are pointing out the horrible state of affairs for nuclear generation decommissioning after a committee of Members of Parliament that the UK’s Nuclear Decommissioning Authority really doesn’t have a handle on the 17 sites, their costs, or the vendors they selected for cleanup. They are currently projecting $177 billion and 120 years for the full decommissioning, over $1 billion per site. Some of this is due to botched procurement, with two different cleanup vendors stripped of their contracts.
Certainly the UK cleanup is a fustercluck of epic proportions, equivalent in fiscal sense to building Hinkley. That new reactor, billions and years over budget and schedule, required a commitment for 35 years to pay $150/MWh for every MWh they generated, at a time when onshore wind and solar in the UK are at or under $50/MWh and offshore wind is under $100/MWh.
Some US commenters were feeling chuffed, although that’s not a term they would use, that the US was handling things so much better. But the USA isn’t far behind the UK in problems, it just isn’t as public.
Per the World Nuclear Association:
In the USA, utilities are collecting 0.1 to 0.2 cents/kWh to fund decommissioning. They must then report regularly to the NRC on the status of their decommissioning funds. About two-thirds of the total estimated cost of decommissioning all US nuclear power reactors has already been collected, leaving a liability of about $9 billion to be covered over the remaining operating lives of about 100 reactors (on the basis of an average of $320 million per unit). NRC data for the end of 2018 indicated that there was a combined total of $64.7 billion held in the decommissioning trust funds covering the 119 operational and retired US nuclear power reactors.
An OECD Nuclear Energy Agency survey published in 2016 reported US dollar (2013) costs in response to a wide survey. For US reactors the expected total decommissioning costs range from $544 to $821 million; for units over 1100 MWe the costs ranged from $0.46 to $0.73 million per MWe, for units half that size, costs ranged from $1.07 to $1.22 million per MWe. For Finland’s Loviisa (2 x 502 MWe) the estimate was €326 million. For a Swiss 1000 MWe PWR the detailed estimate amounts to CHF 663 million (€617 million). In Slovakia, a detailed case study showed a total cost of €1.14 billion to decommission Bohunice V1 (2 x 440 MWe) and dismantle it by 2025.
[Brief aside: I love the World Nuclear Association, because they are actually honest and report details that contradict their mission. I cite them on Germany’s wholesale electricity prices, which they freely admit are among the lowest in Europe as that country ramps up renewables rapidly and dumps nuclear. They aren’t just a lobbying organization, although they are an industry-funded lobbying association. Unlike the equivalent oil and gas organizations, they seem compelled to be honest and complete, perhaps because being honest and complete usually isn’t so disgustingly horrific for them, just simply bad.]
Back to the thread. The US has collected a bunch of money from operating reactors into a cleanup fund that they acknowledge is underfunded to the tune of billions already. But the industry estimates show that they are collecting under half of what it will actually take to decommission the sites.
There are about 100 reactors in the United States. Assuming they collect the $320 million per reactor (they won’t, as reactors are closing prematurely), they would have a fund of $32 billion. But they need a fund of closer to $70 billion, and they are short regardless. So the US fleet cleanup is going to cost the taxpayer probably closer to an additional $40 billion, if it all goes according to the estimates.
Note that the UK and Slovakia examples show that it usually doesn’t, just as building new nuclear never seems to come in on time or budget. The reality is going to be closer to the European and Slovakian costs, so let’s assume a billion per reactor as a reasonable number.
The US will have maybe $30 billion. They’ll need $100 billion. Yeah, $70 billion is the more reasonable number.
“A billion here, a billion there, pretty soon you’re talking real money.”
– US Senator Everett McKinley Dirksen
Of course, this is on top of the $1.6 billion annual tax breaks nuclear plants in the US get, the $10 billion liability insurance cap with the taxpayer holding the bill should a Fukushima-scale disaster occur and the state-level boondoggles like the $1.1 billion Ohio subsidy that came with a side helping of $60 million in bribes…………….https://cleantechnica.com/2020/12/01/us-nuclear-site-cleanup-underfunded-by-up-to-70-billion/
Nuclear power is dead. Here’s why it’s pretending that it’s not
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US Nuclear Site Cleanup Underfunded By Up To $70 Billion, Clean Technica, December 1st, 2020 by Michael Barnard …………………..Nuclear power is going to be the gift that keeps on returning fiscal dividends for a century.
That’s why Brookfield bought the bankrupt Toshiba Westinghouse division, for the long-term, guaranteed decommissioning revenue. SNC Lavalin bought Canada’s CANDU for the same reason, although I’m sure they are at the trough on the Canadian SMR idiocy too. This isn’t exactly a secret. Nuclear projects always go over budget and over schedule, and there is exactly zero reason to believe decommissioning estimates provided by the industry. So why have jurisdictions been building more nuclear plants, whether at the egregious but at least honest costs of Hinkley, or the massively underestimated but increasingly obvious costs of the Virgil C. Summer and Vogtle sites? Three reasons. The first is the magic of net present value. That calculates the value of future dollars today given inflation. Just as a thousand bucks bought a lot more in 1990 than it does today, in 2050 it will buy a lot less than it does today. That means that liabilities that will be incurred decades in the future approach zero cost in today’s cost benefit analysis. Can you say generational inequity? The second is ideology. When really blatantly obvious economic sense gets thrown out the window, you start looking around for irrationality or graft. A lot of conservatives really hate onshore wind because it spoils the views from their manses (UK) or ranches (US) or country estates (Oz). They also think of wind and solar as inadequate hippy shit. They think nuclear is the answer. These are opinions that they formed in the 1970s or perhaps the 1980s, but conservatives have a stronger tendency to not let empirical reality change their mind. So Hinkley, Vogtle, and Summer are a triumph of ideology over reality. The third is graft. When we start talking about $10 billion or more to build a plant, billions in subsidies, and another billion to take the thing apart, a lot of people start rubbing their hands together and figuring out who they have to bribe now to get a big payoff later. The entire regulatory structure in the two states that had nuclear plants in construction until recently when one was finally put out of the state’s fiscal misery were both structured so that no matter how much the utility spent, it was guaranteed a set profit. If they built a $15 billion nuclear plant, they made a lot of profit off of the rate payers. If they built $2 billion worth of wind and solar instead, they made a lot less money off of the rate payers. It’s dumb as a box of hammers, but it’s part of the reason a lot of utilities love nuclear, and coal-generation carbon capture schemes to boot. They are licenses to print money. Outside of China, where they have trained resources who can build nuclear plants who would be mediocre at building wind and solar (which they are building a lot more of) and nuclear plants will displace coal plants, it doesn’t make a lot of sense to build new nuclear. The looming decommissioning debacle is just the icing on the cake. Wind and solar have proven themselves to be vastly cheaper, completely reliable on grids, and easy to integrate in very large amounts. Their decommissioning costs are trivial. That’s yet another reason why nuclear is dead, but pretending it’s not. https://cleantechnica.com/2020/12/01/us-nuclear-site-cleanup-underfunded-by-up-to-70-billion/ |
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UK’s projected high electricity costs for Hinkley nuclear project – a warning for Egypt
for electricity generated by the El Dabaa plant that Russia’s state-owned
Rosatom is building in Egypt.
predicted that prices per megawatt hour – how much it costs to produce one
megawatt of energy for one hour – from El Dabaa would be at least four
times more than from renewable power sources. Renewable energy prices have
fallen significantly since 2016, while nuclear power has become more
expensive.
from the Hinkley Point C nuclear power station that EDF is building for
decades after the plant is completed. While construction does not follow
the Build-Own-Operate model, EDF negotiated a 35-year power purchase price
linked to inflation with the British government in 2016 to extract as much
profit as possible. The British government’s Public Accounts Committee
conservatively estimated that this deal will cost consumers an additional
$40 billion (about R615 billion) over the 35 years of the contract compared
with alternative energy sources such as solar and wind.https://allafrica.com/stories/202012010852.html
£132billion and counting – Britain’s nuclear decommissioning mess could take 120 years
UK taxpayers foot huge bill for the incompetence of The Nuclear Decommissioning Authority (NDA)
UK’s nuclear sites costing taxpayers ‘astronomical sums’, say MPs
Public accounts committee says ignorance, incompetence and weak oversight to blame, Guardian, Damian Carrington Environment editor @dpcarrington Fri 27 Nov 2020 The Nuclear Decommissioning Authority (NDA) has a perpetual lack of knowledge about the state and location of waste on the 17 sites it is responsible for making safe, a powerful committee of MPs has found.
This results from decades of poor record keeping and weak government oversight, the MPs said. Combined with a “sorry saga” of incompetence and failure, this has left taxpayers footing the bill for “astronomical sums”, they said.
The NDA acknowledges that it still does not have full understanding of the condition of its sites, including 10 closed Magnox stations from Dungeness in Kent to Hunterston in Ayrshire, the MPs report said.
The NDA’s most recent estimate is that it will cost current and future generations of UK taxpayers £132bn to decommission the civil nuclear sites, with the work not being completed for another 120 years.
Since 2017, the NDA’s upper estimate of the cost of the 12-15-year programme just to get the sites to the ”‘care and maintenance” stage of the decommissioning process has increased by £3.1bn to £8.7bn. “Our past experience suggests these costs may increase further,” said the MPs’ report.
The lack of knowledge of the sites was a significant factor in the failure of a 2014 contract the NDA signed with a private sector company to decommission the Magnox sites. The government was forced to take back the contract in 2018 and the botched tender has now cost taxpayers £140m, the MPs found.
Sir Geoffrey Clifton-Brown, deputy chair of the public accounts committee (PAC), said: “Although progress has been made since our [2018] report, incredibly, the NDA still doesn’t know even where we’re currently at, in terms of the state and safety of the UK’s disused nuclear sites. Without that, and after the Magnox contracting disaster, it is hard to have confidence in future plans or estimates.” ……….
The UK has eight operating nuclear power plants, with all but one due to retire in the next decade. Only one new plant is being built, at Hinkley Point in Somerset, and it is years behind schedule and billions over budget.
Despite recent speculation over another new plant being given the go-ahead at Sizewell in Suffolk, Boris Johnson failed to announce this in his green industrial revolution plan last week. The government’s new national infrastructure strategy, published on Wednesday, said: “The government is pursuing large-scale nuclear projects, subject to clear value for money for both consumers and taxpayers.”
In 2015, the government stripped another private consortium of a £9bn contract to clean up the nuclear waste site at Sellafield. The company had been heavily criticised for its executives’ expense claims which included a £714 bill for a “cat in a taxi”. https://www.theguardian.com/environment/2020/nov/27/uks-nuclear-sites-costing-taxpayers-astronomical-sums-say-mps#_=_
British MP’s continue to botch in the ever more costly saga of Britain’s “old” nukes and “new” nukes
Times 27th Nov 2020, The NDA doesn’t really know because, as it told MPs, it “still does not have full understanding of the condition of the 17 sites”. It’s a point it proved with the meltdown of the £3.8 billion Magnox clean-up contract wrongly awarded to the Cavendish Fluor Partnership in 2014. That fiasco saw a High Court judge rule that the losing bidder, Energy Solutions and its partner, Bechtel, should have won the 14-year contract to bring the plants to a state of “care and maintenance”. The upshot? The government terminated the contract at a cost to the taxpayer of £142 million.
And now it’s back in the hands of the NDA, which is telling MPs that even that bit of work will now cost up to £8.7 billion and take another “12 to 15 years”. As the committee notes: “Past experience with the NDA suggests even these estimates will soon be out of date and costs may increase further”.
Isn’t that the story of everything to do with nuclear? True, you’d expect new-build plants to be better managed than Magnox and less
tricky to decommission than the Sellafield complex. The NDA also rejects the committee’s “suggestions that we may not understand the safety of our sites”. And the taxpayer-fleecing cost of the electricity coming from the £22.5 billion Hinkley Point C is meant to cover the clean-up bill.
Yet before Boris presses the go button on more nukes, including Rolls-Royce’s modular type, shouldn’t there be a debate about the waste? The government’s big idea is to bribe some local authority into housing a nice toxic dump, prettily dressed up as a “geological disposal facility”. Copeland in Cumbria is the closest to volunteering. But a deal is a long way off and the plan’s been vetoed before by Cumbria county council.
https://www.thetimes.co.uk/edition/business/nuclear-clean-up-bill-needs-scrutiny-h7c3xcz27
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