AP: Some Leaders in U.S. Souring on Nuclear Power Costs — Tea Party, conservatives, Republicans fed up with soaring budgets

Published: March 3rd, 2013 at 1:56 pm ET
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Associated Press, March 3, 2013 (Summarized Version):  Some Leaders Souring on Nuclear Power Costs [...] As the cost of building a new nuclear plant soars, there are signs of buyer’s remorse. The second-guessing from officials in Georgia and Florida is a sign that maybe the nation is not quite ready for a nuclear renaissance. [...]

Associated Press, March 3, 2013 (Extended Version):  [...] a Georgia lawmaker sought to penalize the company for going over budget, announcing a proposal to cut into Southern Co.’s profits by trimming some of the money its subsidiary Georgia Power makes. The legislation has a coalition of tea party, conservative and consumer advocacy groups behind it [...]  In Florida, lawmakers want to end the practice of utilities collecting fees from customers before any electricity is produced. “The price tag keeps going up. The timeframe they are going to build it has been extended year after year after year,” said state Rep. Mike Fasano, a Republican and self-described nuclear power supporter. [...]

See also: "Inevitable nuclear power exit" in U.S.? Bulletin of Atomic Scientists exposes "dismal" and "extremely unattractive" situation

Published: March 3rd, 2013 at 1:56 pm ET
By
Email Article Email Article
19 comments

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19 comments to AP: Some Leaders in U.S. Souring on Nuclear Power Costs — Tea Party, conservatives, Republicans fed up with soaring budgets

  • AFTERSHOCK AFTERSHOCK

    the health insurance industry is more than likely the other boot, that's about to hit the floor…


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    • PavewayIII PavewayIII

      Nuclear Bonds can and have defaulted in the past.

      "…Still, there is some precedent for default in this niche. The largest muni bond default ever took place in 1983, when Washington Public Power Supply System said it didn't have enough money on hand to repay $2.25 billion it had borrowed to build two nuclear reactors in Washington State…"

      http://online.wsj.com/article/0,,SB10001424052748704662604576202493611834006,00.html

      Unfortunately, the pimp-of-last-resort: the U.S. Federal Government, has declared the two current nuke projects too big to fail. They guaranteed the bonds and also promised an additional $1.8B loan if needed (guess if it will be…). There is ZERO reason to contain costs now. Either the ratepayers pay or the state taxpayers pay or the U.S. taxpayers pay. They should be able to milk this one for the $8.9B earlier outside estimate.

      Nuke construction company profits are safe whether the two reactors are built, used or even needed. From the WSJ:

      "…These "take or pay" contracts with various public and municipal utilities mandate that customers still pay even if power is unused or the reactors aren't fully operating…"

      We don't even need to get TEPCO'd – they screw ratepayers just by building these financial black holes.


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    • We Not They Finally

      I actually agree with republicans Tea baggers and conservatives. Yes stop the nuclear industry in the uSA.There is always a first time for anything….


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      • AFTERSHOCK AFTERSHOCK

        true conservatives, We Not They Finally, would never have accepted government subsidies for boondoggles like nuclear power. The support for this deadly industry was historically derived from traditionally strong support for America's national security. While conservatives may be slow to abandon philosophical positions, they are fully aware how corporatism (corporate control of national agenda) is undermining every facet of American life. This is one of the reasons TEA party efforts were seen as such a serious threat to the power-elite, and ultimately co-opted (by the likes of Palin and Armey) to allow for the refocusing of it's grassroots issues (self determinism) towards the neo-con agenda. What was done to undermine the genuine efforts of the Occupy movement had already been played-out on the TEA movement. The power-elite are terrified by any genuine attempt to rest control of the American government, back-towards the will (and needs) of its citizenry…


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  • weeman

    The money well has dried up all that is left is the toxic sludge.
    In Canada if a operator of a reactor is found negligant, the max fine is 750,000 dollars, that takes care of a table spoon of waste, redicilious.


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  • Jebus Jebus

    Let's not forget this, as a factor in nuclear decision making…

    The nuclear-meltdown threat in the States

    Fourteen U.S. senators recently wrote to the Nuclear Regulator Commission to ask why the safety lessons of Fukushima have not been implemented. Under intense pressure from the nuclear lobby, many politicians are pressuring the National Regulatory Commission to ignore safety features, some of which are expensive. Moreover, the National Regulatory Commission permits nuclear reactors (such as San Onofre) to operate even if they are sitting on top of an active seismic zone. In Japan, the Nuclear Regulator Authority will not allow this. Why is something considered dangerous in Japan considered safe in the U.S.?

    http://www.aspentimes.com/article/20130302/LETTER/130309994/1020ParentProfile=1061


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  • razzz razzz

    Appears to be a turning point in time.

    Nuclear not the slam dunk it use to be. You can't see much difference between Republicans and Democrats because nuclear lobby monies feed both of them. Tea and Green parties might actually have a conscience, hope money doesn't ruin them with compromise(s).

    The nuclear industry machine is well entrenched and trying to flex it muscles, more so in the wake of Fukushima. The money flex hits Congress then Congress hits the NRC which Congress created and controls (like a whipping boy to deflect Congress's own wrongdoings).

    Elsewhere: GE just designed and started selling a natural gas turbine power generator that is 60% efficient (outstanding achievement). It can idle down for lower power output to accommodate green power peak and non-peak hours of power output. Normally turbines only run at one speed.

    Current technologies are pushing 40% efficiently at best. Nuclear about 30% efficient, means 70% of the heat goes into the air or water not counting the spent fuel waste later on.

    This is more competition for nuke power esp. with fracking producing excess natural gas.


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  • ShutItAllDown

    That's the main problem with going nuclear. You commit to a an expense that spans generations. It doesn't just go away by itself.

    If it gets too costly to run a hydroelectric scheme you just turn it off and open the floodgates. If wind power fails, you drop the tower and sell it for scrap.

    You can't do that with nuclear. Your children and your children's children have to keep maintaining the waste and cleaning up your failed experiment.


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  • Heart of the Rose Heart of the Rose

    I would like to think that the anti-nuclear presentation was/is not bound by party lines.
    The anti-nuclear movement..is based on the welfare of the people as a whole.
    The world is still in denial about Fukushima…even in the face/faces of the children of Chernobyl.

    We need to expand our knowledge in conservation and alternative fuels…as quickly as we can.
    It would serve humanity to take early warning from time to time… A 'wait and see' attitude will be our undoing.


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    • We Not They Finally

      Our undoing is selfish greed ignorance and idiocy…If you believe in miracles. Then maybe we can solve these issues that threaten Earth…If not excuses will be found.There are no plausible excuses just justification for letting the status quo take all of us to our doom.The status quo must be stopped. End all nuclear energy all over the world now.Shut down the worlds reactors.Most important tell the worlds people the truth.
      Use Teslas means for free energy all over the world.We have the technology to bring a golden age to the earth. Why do those who can act only look to profit?


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  • TheBigPicture TheBigPicture

    So-called leaders are slow to realize what a complete waste nuclear technology is.


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    • We Not They Finally

      The bigpicture we have so many alternatives to nuclear technology. First Plutonium is created by nuclear fission. There is nothing on the earth that is more deadly than man made plutonium..

      We have solar energy. We have the inventions of the great genius Tesla who only wanted to give the world free energy…We must chose life of this planet over the loss of our oceans food chain and 70& of our oxygen that we get from a healthy ocean..There is no other way.


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  • pcjensen

    took them this long to figure it out.


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  • Ron

    Pity that the objection to nuclear is monetary for the GOP not ethical, but oh well.

    Anyway, look at that estimate cost to construct the nuke plant mentioned in the article: $6.85 BILLION. And that's just for ONE plant. I wonder if anyone has figured out how much money it has taken to construct all nuke plants in the US and the world?

    Now consider how many solar and alternative energy plants that would have built. Plants that, once built, provide free energy for decades thereafter. Can't have that though, free energy BAD!


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  • stopnp stopnp

    Good. Whatever it takes to get nuclear stopped.


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