Why is Obama approving a LOAN GUARANTEE for NUCLEAR when it's more expensive that WIND, SOLAR or other CLEAN ENERGY?
Vogtle is already experiencing cost overruns and no one can control them - included in this summary of articles:
TEPCO reveals record cesium level in Fukushima No. 1 well
Agency seeks funding to track Vogtle nuclear plant costs 26 Jan 2014 Badly outnumbered regulators in Georgia want to hire two more employees to keep tabs on the 14 billion project to build a first-of-its-kind nuclear plant. Southern Co. subsidiary Georgia Power says its share of the project to build Plant Vogtle is projected to go hundreds of millions of dollars over budget. Its 2.4 million customers will pay for the company's building costs unless regulators force the utility to take losses on questionable spending. Regulators are at a disadvantage when contending with Georgia Power, a monopoly that owns a 46 percent stake in the nuclear plant.This was posted in 2011 - the cost parity has changed - WIND & SOLAR are now cheaper, as are other CLEAN ENERGY options:
U.S. Nuclear Policy Governed by Lobbyists & Campaign Contributions
Nuclear Energy is extremely expensive, riddled with cost overruns
and subsidized by U.S. taxpayers.
From a strictly cost/benefit analysis, Nuclear Energy has never made any sense, and that's before we consider the cost of 'waste.'
Consider this -- Nuclear Energy costs
$7,500 per kilowatt to build
That’s more than double the capital costs for solar power and three and a half times the cost for wind.
the most heavily subsidized industry in the energy sector.
In 2005, Congress handed the nuclear power industry $13 billion in federal aid, and two years later went on to approve an additional $20.5 billion in loan guarantees, making U.S. taxpayers the cosigners on loans for new nuclear projects -- half of which are expected to end in defaults.
Wind is already more competitive than electricity generated from new nuclear and coal-fired power plants.
These are just a few of the entries posted about the Failures of the Nuclear Industry, the lack of security, the lack of safety:From a strictly cost/benefit analysis, Nuclear Energy has never made any sense, and that's before we consider the cost of 'waste.'
Consider this -- Nuclear Energy costs
$7,500 per kilowatt to build
That’s more than double the capital costs for solar power and three and a half times the cost for wind.
the most heavily subsidized industry in the energy sector.
In 2005, Congress handed the nuclear power industry $13 billion in federal aid, and two years later went on to approve an additional $20.5 billion in loan guarantees, making U.S. taxpayers the cosigners on loans for new nuclear projects -- half of which are expected to end in defaults.
Wind is already more competitive than electricity generated from new nuclear and coal-fired power plants.
Unprotected Nuclear Facility Break Ignored by Corporate Media!
“If unarmed protesters dressed in dark clothing could reach the plant’s core during the cover of dark, it raised questions about the plant’s security against more menacing intruders.”
Sellafield nuclear plant staff told to stay home after 'elevated levels of radioactivity' detected 31 Jan 2014 The Sellafield nuclear plant has been evacuated after "elevated levels of radioactivity" were detected. More than 10,000 non-essential staff have been told to stay at home following problems at the site in Cumbria, which is the biggest nuclear site in the UK. A perimeter alarm was triggered at the north of the site, leading to buildings being checked by safety staff, but it was later discovered the higher than normal levels had occurred "naturally".
The Fukushima Secrecy Syndrome
Scotland's tidal energy potential is greater than a nuclear power plant
The Fukushima Silence
Radioactivity level spikes 6,500 times at
Fukushima well 18 Oct 2013 Radioactivity levels in a well
near a storage tank at the Fukushima nuclear power plant in Japan have risen
immensely on Thursday, the plant's operator has reported. Officials of the Tokyo
Electric Power Company (TEPCO) said on Friday they detected 400,000 becquerels
per liter of beta ray-emitting radioactive substances - including strontium - at
the site, a level 6,500 times higher than readings taken on Wednesday, NHK World
reported. The storage tank leaked over 300 tons of contaminated radioactive water in
August, some of which is believed to have found its way into the sea through a
ditch.
Fukushima on the Hudson?
Atomic
Energy - Unnecessary, Uneconomic, Uninsurable, Unevacuable and Unsafe
Holy Cow: Former Chairman of the Nuclear Regulatory Commission Says Every Single Reactor in the U.S. Should Be Shut Down
350.org's photo.
Holy Cow: Former Chairman of the Nuclear Regulatory Commission Says Every Single Reactor in the U.S. Should Be Shut Down
Pilgrim Nuclear: “That is not what we signed up for. It is not the legacy we want to leave for our children.”
Time to close Pilgrim!Fukushima Apocalypse: Years of duct tape fixes could result in 'millions of deaths'
350.org's photo.
From DEMOCRACYNOW:
U.S. Approves Loan Deal for 1st New Nuclear Power Plant in 30 Years
The Obama administration has approved $6.5 billion in loan guarantees to back construction of the nation’s first new nuclear power plant in more than 30 years. The Vogtle nuclear plant is currently under construction in Waynesboro, Georgia. The announcement comes as the administration investigates a radioactive leak at a nuclear waste site in New Mexico.
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