Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Nuclear payment plan divisive in other states (Great research on nuclear financing)
Nuclear payment plan divisive in other states
Ten have passed laws letting utilities charge for work on plants before they're finished.
11:52 PM, Apr. 23, 2012 Written by PERRY BEEMAN
Here are snapshots of a few other states’ experiences with advance cost recovery legislation for nuclear plants, based on information from utilities and from Mark Cooper of the Vermont Law School.
FLORIDA: ...
GEORGIA: ...
SOUTH CAROLINA: ...
LEGISLATION PASSED: ...
Debate at a glance
PROS...
CONS...
THE UNDERLYING ISSUE
...The bill under consideration by the Iowa Legislature deals with nuclear plant financing. A more fundamental question lurks in the background: Do Iowans support nuclear power? Supporters say nuclear plants will provide dependable, clean, cost-effective power that will allow the United States to move away from far dirtier power generation from coal and natural gas. Opponents want the nuclear option off the table, citing the expense, risk of reactor meltdown and lack of a method to safely store nuclear waste long-term.
The Iowa Legislature’s indecision over nuclear-energy legislation comes amid a growing revolt in other states over utilities’ moves to charge ratepayers for work on nuclear plants before the reactors are finished, and even if they are never built.
A Des Moines Register review of so-called advance cost recovery legislation, already passed in 10 states, found that the debate hasn’t ended with the legislation’s passage.
The nuclear industry and ratepayers are battling over who should take on the financial risk posed by building nuclear plants. The ratepayer revolt runs from the Iowa Statehouse to the Tampa Bay area of Florida. There, customers of two utilities have been asked to pay for plants with an estimated price tag of $43 billion, starting during the planning process, even though some experts doubt the reactors will be built...
Ten have passed laws letting utilities charge for work on plants before they're finished.
11:52 PM, Apr. 23, 2012 Written by PERRY BEEMAN
Here are snapshots of a few other states’ experiences with advance cost recovery legislation for nuclear plants, based on information from utilities and from Mark Cooper of the Vermont Law School.
FLORIDA: ...
GEORGIA: ...
SOUTH CAROLINA: ...
LEGISLATION PASSED: ...
Debate at a glance
PROS...
CONS...
THE UNDERLYING ISSUE
...The bill under consideration by the Iowa Legislature deals with nuclear plant financing. A more fundamental question lurks in the background: Do Iowans support nuclear power? Supporters say nuclear plants will provide dependable, clean, cost-effective power that will allow the United States to move away from far dirtier power generation from coal and natural gas. Opponents want the nuclear option off the table, citing the expense, risk of reactor meltdown and lack of a method to safely store nuclear waste long-term.
The Iowa Legislature’s indecision over nuclear-energy legislation comes amid a growing revolt in other states over utilities’ moves to charge ratepayers for work on nuclear plants before the reactors are finished, and even if they are never built.
A Des Moines Register review of so-called advance cost recovery legislation, already passed in 10 states, found that the debate hasn’t ended with the legislation’s passage.
The nuclear industry and ratepayers are battling over who should take on the financial risk posed by building nuclear plants. The ratepayer revolt runs from the Iowa Statehouse to the Tampa Bay area of Florida. There, customers of two utilities have been asked to pay for plants with an estimated price tag of $43 billion, starting during the planning process, even though some experts doubt the reactors will be built...
http://www.desmoinesregister.com/article/20120424/NEWS10/304240036/Nuclear-payment-plan-divisive-other-states
I really can't stress stongly enough how well done this article is.
