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San Antonio’s new nukes hit a financial brick wall

Breaking: Toshiba tells San Antonio its new twin $13 billion nukes will cost $4 billion more! The city balks. This looks like a job for clean energy.  Climate Progress 28 Oct 09 One of the very first new nuclear power plants proposed to be built in the U.S. in over 30 years just hit a brick wall. Continue reading →

October 29, 2009 Posted by | 1, business and costs, USA | , , , , | Leave a comment

It’s getting harder to sell nuclear power

As Thursday Vote Looms on Two New Reactors, Popular Opposition May Make Selling Nuclear Power More Difficult CPS Wholesale Customers Already Facing Public Relations Battles  Public Citizen SAN ANTONIO – October 28 As a Thursday vote on two new nuclear reactors looms, cities around the state that purchase power from San Antonio’s municipal utility, City Public Services (CPS), are balking at the prospect of buying pricey nuclear power from the reactors. Continue reading →

October 29, 2009 Posted by | 1, business and costs, USA | , , , , | Leave a comment

Nuclear corporate welfare in Florida

Florida Green Party Opposes Public Service Commission Approval Of Nuclear Cost Recovery For Utilities, Calling It A “A License To Steal“(  Michael Canney  Green Party of Florida (GPF) denounces the October 16 decision by the Public Service Commission allowing Progress Energy and Florida Power & Light to raise utility rates paid by their customers in order to collect hundreds of millions of dollars in so-called “nuclear cost recovery” funds. Continue reading →

October 29, 2009 Posted by | 1, business and costs, USA | , , , | Leave a comment

Yankee nuclear power plant has doubtful future

Vermont Yankee future dogged by doubt Burlington Free Press By Nancy Remsen • Free Press Staff Writer • October 25, 2009 Vermont’s 37-year-old nuclear power plant is constantly in the public spotlight these days as the 2012 expiration date on its license approaches. Continue reading →

October 28, 2009 Posted by | 1, business and costs, USA | , , , | Leave a comment

Exorbitant cost of nuclear power

The wider lessons from nuclear power cost inflation SCITIZEN (UK) 26 Oct, 2009  “……………. the full costs of nuclear technology are probably well above today’s wholesale electricity prices. We may well need nuclear power but we are going to pay heavily for it. The government’s optimistic noises from 2006 to the middle of this year about the commercial viability of nuclear power have turned out to be wrong…………………. Continue reading →

October 27, 2009 Posted by | 1, business and costs, UK | , , | Leave a comment

Nuclear power not a good deal for Vietnam

Nuclear power and unanswered questions Vietnam Net  22/10/ 09 “The investor of the first nuclear power projects is the state power monopoly, Electricity of Vietnam (EVN).…….Tien Phong: US$12 billion is a huge amount of money, about 13 percent of the country’s current annual gross domestic product (GDP). Is it necessary to invest that money to build a nuclear power plant when Vietnam can develop hydro, thermal and wind power at cheaper cost prices?……………. Continue reading →

October 23, 2009 Posted by | ASIA, business and costs | , , , , , , | Leave a comment

nuclear – an industry in financial meltdown

Is the nuclear industry in meltdown?

October 21 2009  |   Der Spiegel Politicians and electric company executives the world over are dreaming of a “nuclear renaissance”. But a spate of hitches at Olkiluoto 3, the new flagship reactor in Finland, go to show that this is not in the cards, believes Der Spiegel, whcih also doubts that modernising old nuclear power stations is a viable alternative…… Continue reading →

October 23, 2009 Posted by | 2 WORLD, business and costs | , , , , , , | Leave a comment

Taxpayers at risk in nuclear plans

USA: Nuclear power’s up-front costs Persistent problems argue against increased tax investment  Herald Tribune October 21, 2009 .Whether you’re for or against nuclear power, you’re probably helping to fund its future expansion.
For example, Florida customers of Florida Power & Light and Progress Energy pay a monthly fee to help the utilities pursue new nuclear reactors — which may not be built for years, if ever. Continue reading →

October 22, 2009 Posted by | 1, business and costs, USA | , , | Leave a comment

Thailand push for alternatives to nuclear

Thailand: NGO pushes alternatives to nuclear Efficiency and cutting demand help more  Bangkok Post 22/10/2009 The development of nuclear power plants by 2020 should be reconsidered, environmental activists urged the government. Continue reading →

October 22, 2009 Posted by | 1, ASIA, business and costs | , , , , , | Leave a comment

Can US taxpayers afford the nuclear industry?

Can We Afford More Subsidies for Nuclear Power? Common Dreams.org Union of Concerned Scientists WASHINGTON – October 20 – The Senate may finally start debating climate and energy legislation now that Sens. Barbara Boxer (D-Calif.) and John Kerry (D-Mass.) have introduced the Clean Energy Jobs and American Power Act. But the addition of a nuclear provision to the bill raises some questions. What will be the fate of the so-called nuclear power renaissance, and to what extent will taxpayers be asked to underwrite it?…………. Continue reading →

October 21, 2009 Posted by | 1, business and costs, USA | , , , , , | Leave a comment

Taxpayers slugged for UK’s nuclear cost blowout

Nuclear power plants to increase debt problems?- Debt Fixers (UK) 20 October 2009 The government has drawn up plans to introduce a new tax on electricity bills in order to subsidise the nuclear power industry. Continue reading →

October 21, 2009 Posted by | 1, business and costs, UK | , , | Leave a comment

Safety , cost, problems, as nuclear reactors age

Special Report: Energy The Dilemma of Aging Nuclear Plants The New York Times by PATRICIA BRETT October 19, 2009 “……….

A large part of the world’s installed nuclear power capacity is now coming to the end of that designed life span. Continue reading →

October 20, 2009 Posted by | 1, 2 WORLD, business and costs, safety | , , , | Leave a comment

Olkiluoto III nuclear plant delayed indefinitely

Date of completion for Olkiluoto III nuclear plant still anybody’s guess HELSINGIN SANOMAT 20 Oct 09
– “……….yet another delay in the construction of the third nuclear facility in the Olkiluoto site.
This latest announcement moves once again the completion date for the Olkiluoto III project to the unforeseen future. Continue reading →

October 20, 2009 Posted by | 1, business and costs, Finland | , , , , , , , | Leave a comment

India’s pursuit of nuclear – fraught with obstacles

India’s desperate pursuit of nuclear energy risky the New Nation, bangladesh, Savvy Soumya Misra October 19, 2009 Ever since the Indo-US nuclear deal signed in October last year lifted 34-year-old global sanctions that denied India access to the international atomic energy market, including uranium, Delhi has been on a shopping spree, buying nuclear fuel and reactors.India has signed civil nuclear agreements with France, USA, South Korea and Russia in the past 18 months………………… Continue reading →

October 19, 2009 Posted by | 1, business and costs, India | , , , , , , , | Leave a comment

Florida taxpayers to fund new nukes

Public Service Commision Approves New Rates to Build Nuclear Plants WMBB News 13 10/16/09 – Associated Press Tallahassee, Fla:
The Public Service Commission has approved new rates to pay for building nuclear power plants that critics say aren’t needed……………….“No Nukes Now” spokesman Jim Walker says it’s not fair to charge customers now for a project that may never be approved by the federal government.

“If the feds say no, you’ve still paid the price and there is no cost recovery for the consumer. There’s no refund for this kind of money.”…………..Opponents say new nuclear plants are unnecessary and too big of a financial risk. They argue the plants are not needed because natural gas prices are dropping and people are using less energy due to the economic downturn.

October 17, 2009 Posted by | business and costs, USA | , , | Leave a comment

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