Category Archives: Finance

Ralph Nader: Nuclear power is uneconomical, uninsurable, unsafe, unnecessary and unevacuable

Consumer Advocate Ralph Nader published a great summary piece on nuclear power in the Ecologist last Friday: …nuclear power is a government / taxpayer-guaranteed boondoggle whose staggering costs, incurred and deferred, are absorbed by American taxpayers via a supine government … Continue reading

Posted in Finance, Nuclear power, Nuclear Regulatory Commission, Nuclear Renaissance, Radioactive waste | Tagged , , , | Leave a comment

Hypocrisy alert: Exelon has nuclear and wind power plants, opposes extension of wind tax credits and asks for new nuclear subsidies

Background: Exelon operates a total of seventeen nuclear reactors in the United States. The company is also the nation’s 11th largest producer of wind energy. But it looks as if Exelon prefers its nuclear toys. Delaware’s News Journal reported Friday: … Continue reading

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Finnish newspaper puts cost of single new reactor at Olkiluoto at $11 billion‏

The Bellona Foundation, an environmental group based in Sweden, carried a piece this morning on the rising cost of building a new reactor at the Olkiluoto facility in Finland: Woes continue to mount around the construction of Finland’s Olkiluoto 3, … Continue reading

Posted in Construction delays, Europe, Finance, Finland, Nuclear Renaissance, Olkiluoto, Uncategorized | Tagged , , , , | Leave a comment

“We can’t make the numbers work,” says chief nuclear officer for Exelon; Will rising construction costs and cheaper alternatives doom the Nuclear Renaissance?

An in-depth article in this morning’s Tampa Bay Times lays out the case against building new nuclear power plants: Building a nuclear plant is not the cheapest way to keep the lights on. Not with such low natural gas prices. Not … Continue reading

Posted in Construction delays, Expansion, Finance, Loan guarantees, Nuclear Energy Institute, Nuclear Regulatory Commission, Nuclear Renaissance | Tagged , , | Leave a comment

Problems with insurance company may force permanent closure of Crystal River nuke

The Tampa Bay Times reported today: Progress Energy already plans to stick its customers with a $670 million bill for the botched upgrade to the Crystal River nuclear plant. Now those customers have reason to fear that Progress will try … Continue reading

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Canadian nuke evacuated after heavy water spill

CTV News reported this afternoon: Officials at New Brunswick Power have pegged a damaged pump diaphragm as the culprit of a recent radioactive heavy water spill at the Point Lepreau nuclear power plant. Staff were evacuated from the plant in … Continue reading

Posted in Canada, Coolant leak, Finance, Plant shutdowns, Radiation leak, Reactor problems | Tagged , , , | Leave a comment

Dredging wetlands to build a nuclear power plant? Maryland says, “Why not?”

The Baltimore Sun carried this item earlier in the week: The state Board of Public Works gave its unanimous approval Wednesday to a wetlands dredging permit for a company that hopes to build a third nuclear reactor at the Calvert … Continue reading

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