Sorry Skuzzy, but I think the last line there is incorrect........My company is about to build another nuke plant here in SC. The tree-huggers cant stand the idea, but each and everyone of them flip on their lights at night and are happy to have them......
Tree hugging/Ocean loving/Eco-terrorists are the ultimate hypocrites.....They preach against everything that is done today, but contribute to it all as much as anyone else!
Federal subsidies total around $13 billion dollars U.S. for each nuclear plant. In the last 50 years the subsidies paid to power companies have exceeded $100 billion dollars U.S.
The actual costs to run the plants are slightly more efficient than a coal plant, with a caveat in the form of tax credits and subsidies. However, the initial build costs, and inevitable decommissioning costs end up driving the actual overall costs to a substantially higher figure. Without the subsidies and tax credits there is no way a power company could ever recoup the initial investment and decommissiong costs associated with nuclear.
Without fail, every place a nuclear plant has been added to the grid, the local customers have had to pay higher rates. Whether this is just a move by greedy power corporations who see an oppertunity to increase thier profits or due to actual costs associated with a nuclear plant is something I cannot answer. I can say, it has left a bad taste in the mouths of the customers who have to bear those costs increases.
I am one of those customers and our rates have increased 140%, with each increase being blamed on the costs associated with the nuclear power plant.
That has nothing to do with "tree huggers".
More subsidies are on the way. A tax credit of $0.018 cents per kilowatt/hour was allocated to nuclear in 2005. The tax credit assures nuclear will continue to be cheaper than coal, even though it is artificial. The latest offering will assure billions of dollars in additional subsidies to power companies who want to build nuclear plants. Apparently, the cost to build a plant has tripled, in the last decade, so the power companies need more money before considering deploying a nuclear based option. That passed in 12/2009. Merry Christmas.
Do any of you actually pay attention to what goes on with bills and such things? It is all public information.