FirstEnergy wants a big bailout too

FirstEnergy's decrepit Davis-Besse reactor has been one of the least reliable reactors in the nation, with a long history of serious safety problems.

FirstEnergy’s decrepit Davis-Besse reactor has been one of the least reliable reactors in the nation, with a long history of serious safety problems.

The two largest nuclear power utilities, Exelon and Entergy, aren’t the only ones looking for ratepayer bailouts for uneconomic power plants. Add Ohio’s FirstEnergy to the list, which is seeking subsidies that the Ohio Consumers Counsel puts at $3 Billion to keep its Davis-Besse reactor and some old, decrepit coal plants operating.

The portion for Davis-Besse alone is at least $171 million/year and NIRS estimates that the actual price tag may be $225 million/year above the market rate for electricity. Continue reading

Exelon’s proposed takeover of Pepco: what’s at stake

exelonpavilion

Exelon’s attempt to take over the mid-Atlantic utility Pepco is running into obstacles in DC, Maryland and Delaware. The merger may be critical to Exelon’s long-term survival.

Exelon is the nation’s largest nuclear power utility, but burdened by a bevy of uneconomic nuclear reactors, it hasn’t been performing well financially in recent years and was forced to slash dividends to its shareholders a couple years ago–which it still hasn’t been able to resume. Wall Street took notice, and essentially told Exelon it had to diversify and expand its non-generation business.  Continue reading

Yes, America wants solar and wind, not nukes

solarbetterthanstocks

Investing in solar power now brings a better return than investing in the S&P 500. Graphic from NC Clean Energy Technology Center.

Just in case there was any doubt, “Americans ‘overwhelmingly’ prefer solar and wind energy to coal, oil, and nuclear energy, according to a Harvard political scientist who has conducted a comprehensive survey of attitudes toward energy and climate for the last 12 years.” So begins a New Year’s Day column in Forbes by Jeff McMahon that a lot of people missed–for most people, New Year’s Day is not prime time for reading about energy issues.

It’s not even close. 80% of the American people want solar and wind to increase a lot, and another 10% want it to increase somewhat (The other 10% probably earn their living either directly or indirectly from the nuclear and fossil fuel industries, or perhaps live in caves and don’t want electricity, or maybe just lie to pollsters). Continue reading

It’s put up or shut up time for Exelon

Exelon's Dresden nuclear complex (Unit 1, on the right, has been closed since 1978) may--or may not--be one of Exelon's supposed uneconomic nuclear plants.

Exelon’s Dresden nuclear complex (Unit 1, on the right, has been closed since 1978) may–or may not–be one of Exelon’s supposed uneconomic nuclear plants.

For a year now, Exelon has been complaining–loudly–that some of its Illinois reactors are uneconomic (though it hasn’t necessarily been consistent about which ones those are). And the nuclear giant has threatened to close some of these reactors if it can’t get some form of bailout (a word Exelon despises, but is nonetheless accurate). Of course, there are many who would feel much better if those threats were actually promises…. Continue reading

Russian reactors are unsafe, unreliable–but Russian nuclear industry is aggressively trying to export them

After a rocky construction experience, India's Kudankulam reactors, manufactured by Russia's Rosatom, are said to be near commercial generation.

After a rocky construction experience, India’s Kudankulam reactors, manufactured by Russia’s Rosatom, are said to be near commercial generation.

This post originally appeared on dianuke.org, a site run by a group of dedicated people working against nuclear power in India particularly and South Asia generally. It also ran on the Mining Awareness blog, from which we repost it with a few edits.

Vladimir Sliviak is an ex-officio board member of NIRS and the longtime leader of Ecodefense in Russia. His reports on the Russian government’s crackdown on civil society, including on Ecodefense, appeared several times on GreenWorld last year (just search for “Ecodefense” and you’ll find them).

DiaNuke.org interviewed the eminent environmentalist Vladimir Slivyak, whose group EcoDefense has been facing repression in Russia for exposing the lack of nuclear safety and environmental impacts. His report on the status of nuclear industry in Russia, prepared at the request of the African environmental group Earthlife, was published recently. Africa is also an important market that the Russian nuclear giant Atomsroyexport is eying. Continue reading

Illinois report deals unexpected blow to Exelon: its uneconomic nukes really aren’t needed

Artist's rendition of an Exelon building in Baltimore. The  nuclear giant didn't get what it wanted--grounds for a ratepayer bailout-- from Illinois state agencies.

Artist’s rendition of an Exelon building in Baltimore. The nuclear giant didn’t get what it wanted–grounds for a ratepayer bailout– from Illinois state agencies.

Last May, the Illinois legislature responded to months of mounting hysteria from Exelon that several of the utility’s reactors in the state were losing money and might be forced to close by passing HR 1146, which directed four state agencies to examine Exelon’s claims with a clear intent to support the utility. In October, the Nuclear Energy Institute piled on, releasing a study meant to bolster Exelon’s position and influence the state agencies.

Exelon should have heeded the old adage: be careful what you ask for. Continue reading

Vermont Yankee–the other side speaks

A 2007 cooling tower collapse at Vermont Yankee didn't exactly reassure Vermonters that the plant was well-built or well-operated.

A 2007 cooling tower collapse at Vermont Yankee didn’t exactly reassure Vermonters that the plant was well-built or well-operated.

GreenWorld seems to have garnered a lot of new readers this week–not that we expect them to stick around long: rather, there’s been a jump among nuclear power advocates and industry members. On Monday, we published a piece titled Nuclear industry goes hysterically ballistic over Yankee shutdown. It quickly became one of our most-read posts ever–in just two days it would have made our Top Ten Stories of 2014 list. Continue reading