WASHINGTON—The Nuclear Information and Resource Service (NIRS) held a press conference on September 11th with five safe-energy advocates to announce the release of an important study. “Killing the Competition The Nuclear Power Agenda to Block Climate Action, Stop Renewable Energy, and Subsidize Old Reactors,” exposes the activities of nuclear utilities, especially Exelon Corporation, designed to use the EPA’s newly released draft carbon rules as a means to subsidize unprofitable old nuclear reactors, and stifle renewable energy and energy efficiency growth. Continue reading PRESS CONFERENCE – NUKE INDUSTRY ‘GAMING’ EPA CARBON RULES TO BAIL OUT OLD NUKE PLANTS, KILL RENEWABLES
Company seeks to scam EPA carbon rules to subsidize nuclear power in Illinois and nation
Exelon’s scheming to garner subsidies for unprofitable nuclear plants in Illinois uses the recent EPA carbon standards rule as a fig leaf for the enormous rip off it represents. It should be opposed by the Legislature.
Exelon’s nuclear plants have been paid for numerous times over by ratepayers: through the rate hikes that built them; through the estimated $6-$11 billion in “stranded costs” awarded them when Illinois went from a regulated to a market-based system; and in the $21 billion CUB reports these plants have earned Exelon in the last decade alone. Continue reading PRESS STATEMENT: Legislature Should Oppose Exelon Bailout