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Mon Mar 11, 2019, 08:03 AM

Customers would pay millions to rescue Pa. nuclear reactors, including some that are already profit-

Customers would pay millions to rescue Pa. nuclear reactors, including some that are already profitable


Pennsylvania electric customers would pay hundreds of millions of dollars a year in subsidies to the state’s nuclear industry — about $5 more per month for a typical household, by one estimate — under a draft nuclear rescue bill widely circulated in Harrisburg.

The long-awaited legislation, which proponents say is still undergoing revisions before it is formally unveiled, would direct a massive infusion of ratepayer funds to the state’s nine reactors. The owners of three reactors have announced their imminent retirement if they do not receive subsidies that they say would put the plants on equal footing with other zero-emission power generators, such as wind and solar.

But some of the state’s reactors are not in immediate danger of closure. The state’s most profitable nuclear plant, the twin-unit Limerick Generating Station in Montgomery County, is projected to earn hundreds of millions of dollars in the next few years, without a subsidy.

Supporters say the proposal would correct “market flaws” by including nuclear energy into the state’s 2004 Alternative Energy Portfolio Standards Act (AEPS), which mandates that 18 percent of all power sold in the state be derived from alternative energy sources by 2021. The draft proposal would create a new category of zero-emission power reserved largely for nuclear producers, that would supply 50 percent of the state’s electricity demand.

Read more: https://www.philly.com/news/pennsylvania-nuclear-bailout-might-cost-ratepayers-millions-20190309.html

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Reply Customers would pay millions to rescue Pa. nuclear reactors, including some that are already profit- (Original post)
TexasTowelie Mar 2019 OP
ROB-ROX Mar 2019 #1

Response to TexasTowelie (Original post)

Mon Mar 11, 2019, 04:15 PM

1. IN CALIFORNIA WE HAVE TO PAY FOR EVERYTHING

Last year's fires mean we have to pay for people lost their homes. We also have to pay for closed nuclear plants. I hope we get to the day when we all have solar, wind, hydro power for electricity in the future......

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