TMI NUKE REACTOR SHUTDOWN STRENGTHENS CALL FOR GREEN-POWERED FUTURE by HarveyW https://www.ecowatch.com/three-mile-island-closing-2427231400.html
5h Three Mile Island Nuke Plant Closure Strengthens Call for Renewable Energy FutureTuesday’s announcement that the Three Mile Island Unit One nuclear plant will close unless it gets massive subsidies has vastly strengthened the case for a totally renewable energy future.
That future is rising in Buffalo, and comes in the form of Tesla’s massive job-producing solar shingle factory which will create hundreds of jobs and operate for decades to come.Three Mile Island, by contrast, joins a wave of commercially dead reactors whose owners are begging state legislatures for huge bailouts. Exelon, the nation’s largest nuke owner, recently got nearly $2.5 billion from the Illinois legislature to keep three uncompetitive nukes there on line.
In Ohio, FirstEnergy is begging the legislature for $300 million per year for the money-losing Perry and Davis-Besse reactors, plagued with serious structural problems. That bailout faces an uphill battle in a surprisingly skeptical legislature. FirstEnergy is at the brink of bankruptcy, and says it will sell the reactors anyway.
To make matters worse, Ohio lawmakers have imposed unique spacing restrictions on the state’s wind industry, blocking at least $1.6 billion in investments poised to build eight wind farms now waiting in the wings. Those turbine developments would go far in providing jobs to those who will inevitably lose them at FirstEnergy’s uncompetitive nukes.
In New York, Gov. Andrew Cuomo wants a staggering $7.6 billion for four uncompetitive upstate reactors. That bailout is being challenged in court by environmental groups and by industrial players angry about unfair competition and soaring rates. Their owners concede these old nukes can’t compete with renewables or gas, and have wanted to shut most or all of them.
Now, Three Mile Island’s owners say without millions more in handouts from Pennsylvania rate payers, the reactor will close in 2019. A battle over the handout will be upcoming in the Pennsylvania legislature. Ironically, the Quad Cities plant in Illinois, which is in line for huge subsidies, could not compete with gas or renewables at a recent power auction, and may have to shut despite the handouts.
Meanwhile, coming on line this year, Tesla’s Buffalo Billion gigafactory has the power to transform our entire national economy.
It’s the core of a plan to fulfill America’s direst needs—a reliable supply of safe, cheap energy, and a base of good long-term employment for the nation’s battered working class.
Costing about $750 million, it will bang out solar roofing shingles by the end of this year. It will directly create at least 500 high-paying, clean, safe jobs that will last for decades and turn our energy economy green. Another 1,440 jobs are slated to come from spin-offs. Still more will be created by lowered electric rates and increased clean energy production. ….read rest at…