Posts Tagged ‘nuclear power’

Nuclear vs. Solar: Corporate Profits and Public Risk

In the Sunshine State (Florida) and nearby states of North Carolina, South Carolina and Georgia, proposals for new nuclear power plants stand in stark contrast to lower risk, less expensive energy alternatives. Consumers in these states have already donated $6 Billion to the utilities’ nuclear ambitions. Read More

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Buyer Beware: Midwest Utilities Experience Coal Plant Sticker Shock; Will New Nuclear Do the Same for the South?

Don’t you hate it when you’re quoted a price for a new car over the phone or online, but when you get to the dealership they inform you the price is actually hundreds (or even thousands) of dollars more than they said it would be? Imagine how you’d feel if the price was millions or even billions of dollars more. Read More

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Disputes and Rising Costs Spell Trouble for the Vogtle Nuclear Plant

On February 9, 2012, the Nuclear Regulatory Commission approved the first-ever combined operating license that authorized the construction and operation of two new reactors: Vogtle 3 & 4 in Georgia, the first nuclear reactor project to commence construction in more than 30 years in the United States. But less than six months later, cost overruns are approaching one billion dollars while a dispute between the project’s developers and a consortium of contractors over these cost increases and associated schedule changes threatens to delay the project’s expected completion date. Read More

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EIA’s Analysis of Bingaman Clean Energy Standard Underestimates Role of Renewable Energy

On May 2, the Energy Information Administration (EIA) released a new analysis of The Clean Energy Standard Act of 2012, proposed by Sen. Bingaman (D-NM), which greatly underestimates the potential contribution of renewable energy while making overly optimistic projections for nuclear power. The so-called “clean” energy standard (CES) would require electric utilities to gradually increase their power supply from low- and no-carbon sources from 24 percent in 2015 to 84 percent in 2035. More details on the bill, along with several improvements, are discussed in a separate UCS blog. Read More

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The Levy Nuclear Project: Boondoggle or Mirage?

The tortured saga of the proposed Levy 1&2 nuclear reactors in central Florida will continue, at least for now. As it stands, the project is closely tracking the sorry history of the first generation of nuclear reactors built in this country: vastly over budget and behind schedule. Read More

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