Category Archives: Loan guarantees

Stunning hypocrisy on subsidies

The Wall Street Journal editorial board defended the lackluster performance of the current Congress, writing: The media are saying that the 113th Congress is on track to be “the least productive” on record—as if that’s bad for the country. Let’s … Continue reading

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Guardian op ed calls for end to nuclear subsidies

The British newspaper The Guardian ran an op ed today by U.S. Senator Bernie Sanders and Ryan Alexander, president of Taxpayers for Common Sense, calling for elimination of government subsidies for nuclear power. Sanders and Alexander write: As, respectively, a senator … Continue reading

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“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

Update: Emergency outage at South Texas nuke enters second week‏

On November 29, the Unit 2 reactor at the South Texas Project experienced an automatic reactor trip from 100 per cent power. The reactor had just returned to full power after a refueling outage. In the shutdown, a steam dump valve … Continue reading

Posted in Electrical problems, Event Reports, Expansion, Hydrogen leak, Loan guarantees, Nuclear Regulatory Commission, Plant shutdowns, Reactor problems, South Texas Project | Tagged , , , , , | Leave a comment

NRC to make decision on new reactor design on Nov. 1

Reuters just reported: U.S. nuclear regulators said on Wednesday they would announce on Nov. 1 their decision whetherto approve a new version of the Advanced Boiling Water Reactor design proposed by the South Texas nuclear power project. Once the Nuclear … Continue reading

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Action alert: Send a message encouraging Obama to end subsidies for nuclear power

The Nuclear Information and Resource Service (NIRS) has attempted to use a new White House petition link to urge Obama to eliminate subsidies for nuclear power, but with little success. Now, NIRS is attempting to submit letters with the same wording … Continue reading

Posted in Anti-nuclear action, Energy alternatives, Expansion, Finance, Loan guarantees, NIRS, Nuclear Regulatory Commission | Tagged , , , | Leave a comment

New study finds nukes are still a risky investment

The Augusta Chronicle ran an article today on the continuing risk to investors when backing new nuclear reactors: Building nuclear power plants can be expensive for investors and customers, adding significant risks to utility stocks generally seen as investments with … Continue reading

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