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 Connecticut, New Jersey, Ohio and Pennsylvania Nuke Bailouts 
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Joined: Mon Jan 28, 2013 7:40 pm
Posts: 2708
Location: Illinois
Harrisburg, Pa. — The natural gas boom that has hammered coal mines and driven down utility bills is hitting nuclear power plants, sending multi-billion-dollar energy companies in search of a financial rescue in states where competitive electricity markets have compounded the effect.

Fresh off victories in Illinois and New York, the nuclear power industry is now pressing lawmakers in Connecticut, New Jersey, Ohio and Pennsylvania for action. Lobbying efforts are bubbling up into proposals, even as court battles in Illinois and New York crank up over the billions of dollars that ratepayers will otherwise foot in the coming decade to keep nuclear plants open longer.

Subsidizing nuclear power could chill investment in lower-cost energy sources and erode competitive markets, critics say, and, with natural gas prices expected to stay low for some time, shutting down nuclear plants may have no impact on electricity bills.

The industry’s pitch is part economic, part environmental. A plant shutting down would devastate a local economy, they say. And, nuclear waste and water consumption issues aside, zero-carbon nuclear plants are better suited than natural gas or coal to fight climate change, they say.

“When did highly carcinogenic toxic waste become green?”said Eric Epstein, a longtime nuclear power watchdog in Pennsylvania.


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Wed Apr 12, 2017 8:07 am
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