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
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Environment & Energy
In reply to the discussion: America's 2 New Nukes Are on the Brink of Death [View all]kristopher
(29,798 posts)21. Post 14 show that more govt support for nuclear is corporate welfare.
It demonstrates the basic economic problem confronting nuclear - a negative learning curve for it versus a positive learning curve for its renewable competition.
As for risk, based on a forecast price of $1500/kw (see post 14 again) the Congressional Budget Office predicted a better than 50% chance of bankruptcy for these nuclear plants; the forecast cost is now closer to $6000/kw and will almost certainly rise. In the meantime China's entry into the renewable market has pushed down the price of nuclear's competition far faster than the CBO could have foreseen.
I'm sure that in your world, that means the risk of bankruptcy has declined.
It's an odd world you inhabit.
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
46 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
If taxpayers aren't forced to cover the risk, then a new nuke is nowhere near feasible.
qb
Apr 2012
#2
Good now that the most expensive form of energy is off the table, can we get on with real green
Vincardog
Apr 2012
#4
Vogtle Nuclear Construction Faces “Additional Delay” Based on Miscalculations in Foundation Concrete
kristopher
Apr 2012
#28
Exelon CEO: (nuclear) "is on the backs of the ratepayers, not the backs of the shareholders"
kristopher
Apr 2012
#29
The spreading global economic crisis is going to put a major crimp in nuclear plans in many places.
GliderGuider
Apr 2012
#45