Everybody needs to read the MIT report on nuclear energy (Sept 2010) where nuclear is pushed by MIT with funding from business interests. Here's some commentary on it:
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The MIT study (2010) correctly notes that ‘nuclear electricity costs are driven by high up-front capital costs,’ whereas natural gas and coal costs are more dependent on fuel costs,” said Mariotte, “thus, it vastly underestimates nuclear capital costs and presents a grossly misleading picture of the costs of electricity to the consumer if nuclear reactors are built, as well as understating the risk of nuclear loans to the taxpayer.”
Mariotte noted that the study only compared nuclear costs to natural gas and coal, and not to alternatives like wind power, solar power, geothermal and energy efficiency technologies. Some of these alternatives, like wind and energy efficiency, are already much cheaper than nuclear power and solar is rapidly declining in price while increasing in its efficiency. Earlier this week, the Department of Energy’s National Renewable Energy Laboratory released a report detailing the potential of offshore wind resources for the U.S., finding that offshore wind alone could generate more than four times the entire current electrical demand in the U.S.
http://www.nrel.gov/docs/fy10osti/45889.pdfMariotte pointed out that the MIT study acknowledges
“generous financial support from the Electric Power Research Institute (EPRI) and from Idaho National Laboratory, the Nuclear Energy Institute, Areva, GEHitachi, Westinghouse, Energy Solutions, and Nuclear Assurance Corporation.” “Areva, GE-Hitachi and Westinghouse are the three reactor vendors hoping for taxpayer money to pay for their products,” said Mariotte. “It is at least suspicious that the study would support their aims using a cost estimate that simply does not stand up to scrutiny.”
http://www.nirs.org/press/09-16-2010/1