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Archive for January 7th, 2009

The staggering cost of new nuclear power

On the heels of the Nuclear Regulatory Commission’s environmental scoping meeting about the proposed expansion of the Comanche Peak Nuclear Plant outside of Fort Worth, TX (two of six new units moving through the permitting process in Texas), a new study by Craig Severance -a leading expert in power plant costs- was released detailing the staggering cost estimates of new nuclear power.

The new study, Business Risks and Costs of New Nuclear Power  puts the generation costs for power from new nuclear plants between 25 to 30 cents per kilowatt-hour — triple current U.S. electricity  rates! This staggering price is far higher than the cost of a variety of carbon-free renewable power sources available today, and ten times the cost of energy efficiency. 

This is one of the most detailed cost analyses publically available on the current generation of nuclear power plants being considered in this country. The author, Craig Severance is a practicing CPA and co-author of The Economics of Nuclear and Coal Power (Praeger 1976). 

This important new analysis fills the critical transparency gap in the current debate over nuclear power, demystifying the entire process, so that anyone reading  it (including non-technical readers) can develop a clear understanding of  how total generation costs per kWh come together.  

Join the opposition to new Comanche Peak nuclear reactors

For those living near the Comanche Peak Nuclear Plant near Glen Rose, Texas who are concerned about the health, safety and pocketbooks of Texans, join the opposition by attending a public meeting:

Thursday, January 29th at 7pm
Fort Worth Botanical Gardens

Learn more about radioactive, health and economic risks of nuclear power, as well as the history of Comanche Peak’s existing reactors at www.NukeFreeTexas.org.  (Video of the January 6th scoping meeting coming soon to this site) 

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