Friday, March 15, 2013

Nuclear Reactors Financial Quicksand

NEWS: On Fukushima Day, another door slams on U.S nuclear expansion

FOR IMMEDIATE RELEASE:  Monday, March 11, 2013
CONTACT: Paul Gunter, Beyond Nuclear, 301-523-0201(mobile); 301.270.2209 (o)
On Fukushima Day, another door slams shut on US nuclear expansion plans
Beyond Nuclear lauds decision not to green light third Maryland reactor

Takoma Park, MD — On a day when thousands around the world are protesting nuclear power to mark two years since the deadly Fukushima nuclear accident began in Japan, another door has slammed shut on nuclear expansion plans in the US.

After the 60 days expired, the NRC put the application on indefinite review. But when no US company stepped up to partner with EdF on the project, the NRC opted on Monday to deny the appeal. EdF could continue to search for a US partner but would need to start a new application for the Calvert Cliffs site.

U.S. utilities don't like to invest their own money when they can get DOE (taxpayers) grants and charge their ratepayers up front for costs (CWIP).

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