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ILLINOIS ENERGY TRANSFORMATION #25: NUCLEAR BAILOUT UPDATES – The “Bailout Blues Show”  Continues

Sept. 3, 2021

This originally was going to be a “summer summary” of NEIS’ work.  However, the importance and prominence of the proposed nuclear bailouts at both the Illinois-State and federal levels argued for a delay of that idea, and an update report to people committed to safe-energy and a less-nuclear world and the negative effects of the continued “nuclear hostage crisis” on our carbon-free/nuclear-free future.

ILLINOIS ENERGY BILL MOVES FORWARD, STILL IN LIMBO:

The omnibus energy bill (SB18, amended; now SB1751, House Amendment 1, no link available yet) continues to lurch forward with the surprise Senate passage on Tuesday Sept. 2 in the wee hours Read more

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PRESS RELEASE — Nuke Bailouts Worsen Climate Change: REPORT

REPORT: $50 BILLION NUCLEAR BAILOUT WOULD UNDERMINE BIDEN CLIMATE AND INFRASTRUCURE GOALS

Economic Analysis Shows $10-50 Billion In Proposed Nuclear Subsidies Would Subvert Biden’s Infrastructure Plans; Best Investment for Jobs, Climate and the Economy is in Rapid Transition to Renewable Energy and Smart Electricity Grid, According to Expert

WASHINGTON, D.C.//July 15, 2021//A new report shows why the best infrastructure investment for U.S. jobs, the climate, and the economy is in a rapid transition to renewable energy and a 21st-century electricity system, and to phase out nuclear power and fossil fuels. While nuclear subsidy proposals in play as part of infrastructure negotiations like those from Senator Joe Manchin (D-WV) and Senator Ben Cardin (D-MD) would designate $6-$50 billion to bail out uneconomical nuclear power plants, the new economic analysis shows that subsidizing nuclear reactors would hobble the needed transition to a modern energy system and waste the economic and environmental benefits of renewable energy

The report by Dr. Mark Cooper, senior research fellow for economic analysis, Institute for Energy and the Environment, Vermont Law School, was released during a video news event featuring experts from the Nuclear Information and Resource Service (NIRS), Friends of the Earth, and the Nuclear Energy Information Service (NEIS) in Illinois. The report is available here.

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