Utility Liable to Customers for Failed Nuclear Costs?
A SC court case tests whether ratepayers can be reimbursed for bloated costs.
High Costs of Demolition
Here’s another check mark on the list of “why we can’t afford more nuclear reactors”: the extremely high cost of tearing down the old ones. Disposing of a plant costs less than restoring it, but the sums are still staggering. When Duke Energy expanded into Florida, the company came into possession of the Crystal River […]
Nuclear Deceit
A South Carolina federal District Court judge has ruled that former executives of the public electric utility SCANA can be sued for fraud if they hide their now-cancelled nuclear plant’s shaky status from investors. SCANA executives’ deceit in concealing problems with the plant’s construction has roiled the state’s economy and politics. Company shareholders are suing […]
Trump Sends More of Our Money to Failed Georgia Nuclear Plant
Solar, wind, and energy efficiency are all win-win solutions for climate change: clean, efficient, and affordable now. So why is the Trump Administration determined to waste more billions of taxpayer dollars on an economically failed nuclear plant? Energy Secretary Rick Perry announced last week that the Trump Administration is dumping another $3.7 billion in taxpayer […]
Duke Wants Customers to Pay for Failed Nukes
Why should customers foot the bill for Duke Energy’s repeated nuclear mistake in upstate South Carolina? In the 1970s and 1980s, the nuclear-obsessed utility tried to push the then-named Cherokee Nuclear Station in Cherokee County, SC. But with electric demand growth falling, and North Carolina law and regulators reasserting control over wasted capital expenditures, Duke […]
2/8/2016: Duke Energy throws support behind actual NC Clean Power Plan
The nation’s largest electric utility—yep, that one—thinks NC should approve a plan that actually meets the Clean Power Plan requirements. This week in CIB. Executive Watch: Duke Calls for NC to Work with Clean Power Plan Even the buttoned-down corporate leadership at Duke Energy understands that it’s time to cooperate on climate change. At a […]
