Sunday, October 28, 2012

Nuclear Economics







June 12, 2012: New report from Greenpeace International: Toxic Assets: Nuclear Power in the 21st Century.



May 9, 2012:. Nuclear Loans, Subsidies & other Taxpayer Swindles…. Powerpoint presentation by NIRS' Michael Mariotte to Sierra Club National Nuclear Strategy Meeting, May 5, 2012.



March 27, 2012: Brilliant new study from UK's Energy Fair: The Financial Risks of Investing in Nuclear Power.



February 14, 2012: Nuclear Socialism in the American Heartland. New report predicts an $800+/year increase in Iowa electric bills under proposed nuke law.



December 28, 2011: New paper from Marc Cooper of Vermont Law School predicts major impacts for U.S. nuclear industry from Fukushima during 2012: nuclear costs will rise and there will be significant regulatory delays.



December 19, 2011: New study published by National Bureau of Economic Research concludes that construction costs for new reactors make nuclear power too expensive to be competitive.



October 26, 2011: Reps. Waxman, Markey & DeGette call for House investigation into proposed nuclear loan guarantees.



August 22, 2011: Congressional Budget Office report on government's loan guarantee program for new reactor construction. Concludes that government is understating risks to taxpayers.



May 25, 2011: 180+ Organizations urge Congressional appropriators to end nuclear loan program. Letter. Press release.



February 23, 2011: New public opinion poll finds that 70% of North Carolina oppose a utility plan to increase electric rates to pay for new nuclear reactor construction (also know as CWIP, or Construction Work in Progress). Press release. Poll data.



February 23, 2011: Important new report from Union of Concerned Scientists. First-ever comprehensive look at taxpayer subsidies for nuclear power, historical and current. Among the report’s conclusions are that “in some cases it would have cost taxpayers less to simply buy kilowatts on the open market and give them away.”



February 11, 2011: Why nuclear loan guarantees are more imprudent than ever. New economic analysis by Marc Cooper of Vermont Law School.



Table showing job creation from various types of infrastructure investment, including nuclear, solar, wind, building retrofits and several other categories. Nuclear ranks dead last in terms of job creation per million dollars spent. From a 2009 University of Massachusetts study.



November 1, 2010: Letter from 11 groups (NIRS, PSR, Sierra Club, UCS, NRDC, FoE, etc.) to OMB urging no increase in nuclear loan guarantees in 2012 federal budget request.



October 14, 2010. After Calvert Cliffs Collapse: Two remaining top loan guarantee applicants seen as untenable. South Texas Project and V.C. Summer Reactor Trapped by Same “Powerful Undertow” of Unfavorable Economics, Cheap Natural Gas, Slumping Demand and Runaway Construction Costs That Caused the Collapse of Calvert Cliffs-3. Press release from 10/14/10 press conference.



You can listen to streaming audio of the press conference here: http://www.hastingsgroupmedia.com/101410NIRSAfterCalvertCliffs.mp3



September 16, 2010: NIRS press release: Industry-funded MIT study on nuclear future suffers from unsupportable reactor construction cost estimate; recommendation for more high-risk taxpayer subsidies to nuclear industry doesn’t hold up under scrutiny.



July 10, 2010: Letter from Bonnie Raitt, Jackson Browne and Graham Nash to Senator Environment Committee Chair Barbara Boxer (D-Calif.) urging her opposition to more taxpayer subsidies for nuclear power.



July 1, 2010. New NIRS report finds that foreign companies and workers would be the big winners from U.S. taxpayer loan guarantees for new reactors.
Report.
Press release.
Audio recording of the press conference.



June 17, 2010: Southern Company expected to accept nuclear loan “guarantee” Friday, June 18; Groups alert journalists to under-reported issues surrounding nuclear loans and the Vogtle reactor project.



June 17, 2010: New analysis from EarthTrack for Friends of the Earth details massive new taxpayer subsidies for new reactors in Kerry-Lieberman’s American Power Act.



May 13, 2010: It's Not Just Vermont: State Lawmakers Do Not Share Congress' Love for the Nuclear Industry, Which Gets Shut Out 0-8 in State Legislatures During 2010. NIRS Press Release. Click here for an audio recording of the press conference.



March 17, 2010. Environmental group letter to Department of Energy expressing concern about the lack of transparency and openness in the DOE’s loan guarantee program. DOE is keeping almost everything about this program secret, contrary to the President’s openness directives.



March 2010: Analysis of S. 2776, Alexander-Webb’s trillion-dollar nuclear bailout bill, from Physicians for Social Responsibility.



March 2010: Center for American Progress explains nuclear loan guarantee credit subsidy costs, and finds current practice underestimates risk to taxpayers.



February 17, 2010: Nuclear Loan Guarantees Aren’t Just Guarantees: They are Actual Taxpayer Loans. NIRS Press Release.



February 17, 2010: Other reaction to President Obama’s announcement of loan guarantees for Georgia’s Vogtle reactors:

Statement of Sierra Club.

Statement of Ralph Nader.

Statement from Taxpayers for Common Sense.

Statement of Physicians for Social Responsibility.

Statement of Environment America.



Click here to read all the stories above:

http://www.nirs.org/neconomics/neconomicshome.htm