End-of-Summer News Puts Nuclear Renaissance on Permanent Vacation

By: Sunday September 2, 2012 11:50 am

The Nuclear Regulatory Commission cannot issue a license for the construction and operation of a new nuclear reactor in Maryland–that is the ruling of the NRC’s Atomic Safety and Licensing Board (ASLB) handed down Thursday.

Michael Mariotte, Executive director of NIRS, called Thursday’s decision “a blow to the so-called ‘nuclear renaissance,’” noting that back in 2007, when permit requests were submitted for Calvert Cliffs 3, the project was considered the “flagship” of a coming fleet of new reactors. “Now,” said Mariotte, “it is a symbol or the deservedly failed revival of nuclear power in the US.”

A symbol, yes, but far from the only symbol.

 

Nuclear “Renaissance” Meets Economic Reality, But Who Gets the Bill?

By: Friday February 24, 2012 3:15 pm

The real profits in the nuclear racket come from the ability to collect on services not rendered and a product not delivered, or at least not delivered regularly. Because the system backstops the financing of nuclear facilities while also allowing plant operators to pass both real and anticipated costs onto ratepayers, many American taxpayers are poised to pay twice for nuclear power plants that don’t produce power.

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