Nuclear Power Plans Shelved Due to High Costs

Posted by Trish Riley, July 7, 2009

Hooray – sustainable decisions by power companies to suspend plans for nuclear development!

Exelon cited “economic woes” as a major factor in postponing for up to 20 years plans to build two nuclear reactors at its site in Victoria, Texas.   (See http://www.victoriaadvocate.com/news/2009/jun/30/gs_exelon_070109_56587/?business&local-news for local coverage of the decision.)

* On June 29, 2009, the Government of Ontario announced that it has suspended the competitive bidding process to procure two replacement nuclear reactors planned for a Darlington, Ontario site.  As the New York Times reported:  “Two years into a $20 billion nuclear upgrade project meant to replace aging reactors with next-generation technology, the Ontario government postponed the entire process on Monday, citing excessive cost and uncertainties involving the ownership status of the sole Canadian bidder … Yesterday’s move is a setback for the Atomic Energy of Canada Limited, the 57-year-old government-owned corporation that has built all of Canada’s reactors and could soon be sold off to a private investor.”  (See http://greeninc.blogs.nytimes.com/2009/07/01/ontario-puts-nuclear-expansion-plans-on-ice/.)

REPORT: 100 NEW REACTORS WOULD RESULT IN UP TO $4 TRILLION IN EXCESS COSTS FOR U.S. TAXPAYERS AND RATEPAYERS

061909-cooperRelease.pdf (application/pdf Object).

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