nuclear-news

The costs of New York nuclear bailout – both financial and environmental

N.Y. Public Service Commission OKs multi-billion dollar nuclear industry bailout funded by ratepayers statewide, Riverhead Local,  by Karl Grossman Aug 12, 2016 Riverhead and Southold Town residents, indeed people throughout Suffolk County and New York State, will be getting higher utility bills because the State Public Service Commission this month approved — despite strong opposition — a $7.6 billion bailout of aging nuclear power plants in upstate New York. Their owners have said are uneconomic to run without government support.

As a result, there will be a surcharge for 12 years on electric bills paid by residential and industrial customers through the state.

Governor Andrew Cuomo — who appoints the members of the PSC — has called for the continued operation of the nuclear plants in order to, he says, save jobs at them.

The bailout would be part of a “Clean Energy Standard” advanced by Mr. Cuomo. Under it, 50 percent of electricity used in New York by 2030 would come from “clean and renewable energy sources” — with nuclear power considered clean and renewable.

A North Fork resident, PSC member Patricia Acampora of Mattituck, joined the other three members of the commission in voting Aug. 1 for the bailout and “Clean Energy Standard.” She is a former New York State assemblywoman representing a district including Riverhead and Southold Towns. She is also ex-chairwoman of the Suffolk County Republican Party.

“Nuclear energy is neither clean nor renewable,” testified Pauline Salotti, vice chair of the Green Party of Suffolk County, at a recent hearing in Riverhead on the plan.

“Without these subsidies, nuclear plants cannot compete with renewable energy and will close. But under the guise of ‘clean energy,’ the nuclear industry is about to get its hands on our money in order to save its own profits, at the expense of public health and safety,” Jessica Azulay, program director of the Syracuse-based Alliance for a Green Economy, declared. Moreover, she emphasized, “Every dollar spent on nuclear subsidies is a dollar out of the pocket of New York’s electricity consumers—residents, businesses and municipalities” that should “instead” go towards backing “energy efficiency, renewable energy and a transition to a clean energy economy.”

The “Clean Energy Standard” earmarks twice as much money for the nuclear power subsidy than it does for renewable energy sources such as solar and wind. Its claim is that nuclear power is comparable because nuclear plants don’t emit carbon or greenhouse gasses—the key nuclear industry argument for nuclear plants nationally and worldwide these days because of climate change. What the industry does not mention, however, is that the “nuclear cycle” or “nuclear chain”—the full nuclear system—is a major contributor to carbon emissions. Numerous statements sent to the New York PSC on the plan pointed to this.

“Nuclear is NOT emission-free!” Manna Jo Greene, environmental director of the Hudson River Sloop Clearwater, wrote the PSC. The claim of nuclear power having ‘zero-emission attributes’ ignores emissions generated in mining, milling, enriching, transporting and storing nuclear fuel.” Further, “New York no longer needs nuclear power in its energy portfolio, now or in the future.

“Nuclear power is not carbon-free,” wrote Michel Lee, head of the Council on Intelligent Energy and Conservation Policy. “If one stage,” reactor operation itself, “produces minimal carbon…every other stage produces prodigious amounts.” Thus the nuclear “industry is a big climate change polluter…Nuclear power is actually a chain of highly energy-intensive industrial processes which—combined—consume large amounts of fossil fuels and generate potent warming gasses. These include: uranium mining, milling enrichment, fuel fabrication, transport” and her list went on. Further, “New York no longer needs nuclear power in its energy portfolio, now or in the future. Ten years ago the transition to a renewable energy economy was still a future possibility. Today it is well underway.”

In opposing the New York nuclear subsidy, Dr. Mark Z. Jacobson, professor of civil and environmental engineering and director of the Atmosphere/Energy Program at Stanford University, wrote in an op-ed in Albany Times Union, the newspaper in the state’s capitol, that he was “shocked” by the PSC’s “proposal that the lion’s share of the Clean Energy Standard funding would be a nuclear bailout.” He said “allowing the upstate nuclear plants to close now and replace them with equal energy output” from offshore wind and solar power “would be cheaper and would create more jobs.” The closure of the upstate plants “would jeopardize fewer than 2,000 jobs” while a “peer-reviewed study” he has done “about converting New York State to 100 percent clean, renewable energy – which is entirely possible now — would create a net of approximately 82,000 good, long-term jobs.”

The upstate nuclear power plants to be bailed out under the plan would be FitzPatrick, Nine Mile Point 1 and 2 and Ginna.

Reported Tim Knauss of the Post-Standard of Syracuse: “Industry watchers say New York would be the first state to establish nuclear subsidies based on environmental attributes, a benefit typically reserved for renewable energy sources such as wind and solar.” The ‘zero emission credits’ would be paid to nuclear plants based on a calculation of the economic value of avoiding greenhouse gas emissions that contribute to climate change.” Cuomo “directed the PSC to create subsidies for upstate reactors,” he wrote.

Reuters has reported that the nuclear “industry hopes that if New York succeeds, it could pressure other states to adopt similar subsidies” for nuclear plants. The headline of the Reuters story: “New York could show the way to rescue U.S. nuclear plants.”

The two Indian Point nuclear power plants 26 miles north of New York City are not now included in the plan but it “leaves the door open to subsidies” for them, Azulay says.

This would mean “the costs [of the bailout] will rise to over $10 billion.”…….http://riverheadlocal.com/2016/08/12/n-y-public-service-commission-oks-multi-billion-dollar-nuclear-industry-bailout-funded-by-ratepayers-statewide/

August 13, 2016 Posted by Christina Macpherson | business and costs, climate change, politics | Leave a comment