Nuclear

IEEFA Research

IEEFA Brief: U.K. Government at Risk in Over-Budget Nuclear Project That Stands Incomplete

IEEFA Brief: U.K. Government at Risk in Over-Budget Nuclear Project That Stands Incomplete

A Sensible ‘Plan B’ for Hinkley Point C Project in Somerset Would Avoid Extending Public Loan Guarantees

Oct. 16, 2017 (IEEFA.org) — A research brief published today by the Institute for Energy Economics and Financial Analysis cautions the U.K. government against investing further in an unfinished nuclear project on the Bristol Channel in southwest England. The brief — “A Half-Built, High-Priced Nuclear White Elephant: How Should the U.K. Proceed With This Troubled […]

October 16, 2017 Read More →
India’s Plan to Build 12 New Nuclear Reactors Is Fraught With Risk

India’s Plan to Build 12 New Nuclear Reactors Is Fraught With Risk

Projects at Kovvada and Mithi Virdi Are Not Economically or Financially Viable

We’ve just published a report that explores what we believe are unacceptably high risks and costs of the Indian government’s proposal to build 12 new nuclear reactors. Our study, “Bad Choice: The Risks, Costs and Viability of Proposed U.S. Nuclear Reactors in India,” finds the plan, which would put six reactors each at Kovvada and […]

Report: FirstEnergy Seeks a Subsidized Turnaround

Report: FirstEnergy Seeks a Subsidized Turnaround

FirstEnergy: A Major Utility Seeks a Subsidized Turnaround (pdf) By Tom Sanzillo, Director of Finance and Cathy Kunkel, Fellow Institute for Energy Economics and Financial Analysis

October 6, 2014 Read More →
Briefing note: Fossil fuels, energy transition & risk

Briefing note: Fossil fuels, energy transition & risk

 Briefing note: Fossil fuels, energy transition & risk (pdf)

June 5, 2014 Read More →

More News and Commentary

Bangladesh Project Seen as Prime Example of Failing Nuclear Industry

Prothom Alo: Bangladesh sees Rooppur as a way of diversifying its electricity generation mix, thereby increasing energy security. It has a planned completion date in 2024. There is considerable doubt as to whether the current US$12.65 billion budget will represent the final bill. Russia, which is providing a loan covering most of the cost of […]

February 15, 2018 Read More →

‘DOE’s Efforts to Save Coal Through Market Intervention Likely Done’

S&P Global Market Intelligence: The Department of Energy’s days of attempting to meddle in the power markets to benefit fuel sources the administration looks favorably upon probably are over, an attorney with Akin Gump said Jan. 30 during an energy policy briefing on the year ahead. The Trump administration’s desire to reinvigorate the struggling coal […]

January 31, 2018 Read More →

FirstEnergy, Major U.S. Utility, Will Close Ohio Nuclear Plant and Is Considering Shutdown of Coal-Fired Generation Stations as Well

Toledo Blade: The utility’s Davis-Besse nuclear plant is headed for a premature closing. The outlook for FirstEnergy’s coal-fired power plants and its other nuclear plants — its twin-reactor Beaver Valley nuclear plant west of Pittsburgh and its Perry nuclear plant east of Cleveland — is just as bleak, said James Pearson, FirstEnergy’s chief financial officer. […]

January 26, 2018 Read More →

California Regulators Vote to Close Diablo Canyon

San Francisco Chronicle: California’s last nuclear power plant — Diablo Canyon, whose contentious birth helped shape the modern environmental movement — will close in 2025, state utility regulators decided Thursday. The unanimous vote by the California Public Utilities Commission will likely bring an end to nuclear energy’s long history in the state. State law forbids building […]

January 12, 2018 Read More →

FERC Rejects Perry’s Coal, Nuclear Subsidy Plan

AP: An independent energy agency on Monday rejected a Trump administration plan to bolster coal-fired and nuclear power plants, dealing a blow to President Donald Trump’s efforts to boost the struggling coal industry. The decision by the Republican-controlled Federal Energy Regulatory Commission was unexpected and comes amid repeated promises by Trump to revive coal as […]

January 9, 2018 Read More →

Dominion SCANA Deal Begs Question: What’s Next For Santee Cooper?

The Post and Courier: Dominion Energy delivered a blockbuster offer to buy SCANA Corp. on Wednesday in the wake of South Carolina’s failed nuclear project, pitching a $14.6 billion deal that would be among the largest in state history. The offer from the Virginia-based utility giant, which SCANA has accepted, vowed to deliver lower electric […]

January 5, 2018 Read More →

Merger Deal Between Dominion and SCANA Would Write Off $1.7 Billion for Failed Nuclear Plant

Utility Dive: Dive Brief: Dominion Energy and SCANA Corp. have agreed to an all-stock merger that company officials say will lower customer rates and help unwind financial obligations related to the abandoned V.C. Summer nuclear project.  SCANA shareholders would receive 0.669 shares of Dominion stock for every share of SCANA — or $55.35/share, a 28% premium on Tuesday’s closing […]

January 3, 2018 Read More →

Cold Snap Leads to Hot Debates Over Bailouts for Coal and Nuclear

Bloomberg: Just about the only thing heating up in the eastern half of the U.S. right now is the debate over what power source should be trusted to keep homes warm and the lights on. There are 99 nuclear generating units in the U.S. and every one of them is currently operating — “an incredible […]

January 3, 2018 Read More →

International Banks Continue to Back Coal Projects, Contrary to Policy Commitments

Financial Times: Between January 2014 and September 2017 international banks channeled $630bn to the top 120 companies planning to build new coal plants around the world. The researchers highlighted Beijing-based Industrial and Commercial Bank of China as the biggest underwriter for bond and share issues of coal plant developers, providing more than $33bn over that […]

December 11, 2017 Read More →

U.S. Coal, Nuclear Industries Seek Billions in Tax-Credit Bailouts

Axios: Two separate lobbying pushes are underway urging Congress to create new multi-billion dollar tax credits benefiting virtually all coal and nuclear power plants across the United States. The price tags: up to $65 billion for coal and $4.8 billion for nuclear. The efforts show the aggressive lengths companies are going trying to survive in […]

December 7, 2017 Read More →