No New Nukes Victory


The atomic energy industry has suffered another astonishing defeat. Because of it, 2010 again left the "nuclear renaissance" in the Dark Age that defines the technology. But an Armageddon-style battle looms.

 

The push to build new nuclear plants depends now, as always, on federal subsidies. Fifty-three years after the first commercial reactor opened at Shippingport, Pennsylvania, no private funders will step forward to pay for a "new generation" of nukes.

 

So the industry remains mired in unsolved waste problems, disturbing vulnerability to terror and error, uninsured liability in case of a major catastrophe, and unapproved new design proposals. Two new reactor construction projects in Europe—one in Finland and the other at Flamanville, France—are sinking in gargantuan cost overruns and multi-year delays. To financiers and energy experts worldwide, it's a clear indicator that the "rebirth" of this failed technology is a hopeless quagmire.

 

Meanwhile, the 104 reactors currently licensed in the U.S. are leaking radiation and are under escalating grass-roots attack. Vermont's new governor, Peter Shumlin, is committed to shutting the Yankee plant there, and public demands to close New York's Indian Point and Oyster Creek, New Jersey, among others, have reached fever pitch.

 

Most importantly, advances in green technologies are leaving atomic power in the dust. Numerous new studies now show it is significantly cheaper to build new generating capacity with photovoltaics, wind, and other renewable solartopian sources than to go nuclear. That gap will only grow in the coming years.

 

But Barack Obama has proposed some $36 billion in new nuke loan guarantees to add to $18.5 billion set aside by the Bush administration. Earlier this year he handed $8.33 billion of that to a Georgia utility that broke ground on two new nukes at the Vogtle site, where two old, trouble-plagued reactors still operate. The nukes are being built in Georgia—along with two more in South Carolina—and ratepayers are being forced to foot the bill as construction proceeds. The company's returns are guaranteed even if the reactors never operate. Georgia has already suffered crippling rate hikes of $1 billion and more to pay for a construction project likely to wind up as little more than a mausoleum. Nonetheless, amidst a major economic crisis, the White House and its pro-nuke allies have been pushing hard to fund still more radioactive boondoggles.

 

As Congress wound down this fall, the Administration inserted $7 billion in new loan guarantees into the first Continuing Resolution (CR) meant to fund the government on an interim basis. That CR was abandoned for a larger Ominbus Budget proposal, into which $8 billion for new nukes was stuck.

 

But grassroots activists from around the nation flooded Congress and the White House with at least 15,000 calls and letters. During the chaos of the lame duck session, the Omnibus bill fell by the wayside. Yet another CR emerged, this one stripped of earmarks—including all money for new nuke guarantees. Thus the industry was once again shut out. In the past decade it has spent more than $640 million lobbying for federal handouts. In 2007, the industry tried to get $50 billion in new guarantees, but was beaten back by a national campaign (www.nukefree.org) that continues to protest.

 

The industry will surely return with its money guns blazing. A far more conservative Congress will convene in January and the industry will pour its usual unlimited stream of money into legislative coffers. The "renaissance" is nothing if not a cash cow for Congressional candidates and the White House. Michael Mariotte of the Nuclear Information & Resources Service explains, "Once again, taxpayers have been spared the expense of bailing out the wealthy, multinational nuclear power industry…. But the nuclear lobbyists will be back next session, hat-in-hand, even while distributing campaign checks to their allies." Nonetheless, he adds, the industry "may have missed its moment. It will become increasingly difficult for it to justify spending increases when all indications are that the new Congress will be focused on spending cuts."

 

So the battle will resume this winter, with the industry again selling its "renaissance" as a done deal. But if the grass-roots environmental movement can keep up the pressure, and the revolution in green power proceeds, nuclear power may just be done, period.

Z


Harvey Wasserman is senior editor at freepress.org, a senior advisor to Greenpeace USA and the Nuclear Information & Resource Service, and author or co-author of a dozen books, including Solartopia! Our Green-Powered Earth, AD 2030.