IEEFA Research

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

Grid Executive on Loss of Ohio Nuclear Plants: ‘The Light’s Aren’t Going to Go Out’

Crain’s Cleveland Business: There will be no reliability issues with electricity in Northeast Ohio if the Ohio Legislature refuses to subsidize FirstEnergy Corp.’s nuclear plants in Toledo and Perry — or even if the plants close down. Those aren’t likely words that the Akron-based utility wants to hear as Ohio lawmakers debate whether to enable […]

June 22, 2017 Read More →

U.S. Nuclear Industry Is in Trouble

Bloomberg News: More than half of America’s nuclear reactors are bleeding cash, racking up losses totaling about $2.9 billion a year, based on a Bloomberg New Energy Finance analysis. Nuclear power plants are getting paid $20 to $30 a megawatt-hour for their electricity, Nicholas Steckler, an analyst at Bloomberg New Energy Finance, said in a […]

June 15, 2017 Read More →

Latest Overruns Push Costs for South Carolina Nuclear Project, Originally Pegged at $9 Billion, to $16 Billion

Utility Dive: The South Carolina Public Service Commission has unsealed documents related to the contract costs of building SCANA’s V.C. Summer nuclear reactor, the State reports. The documents show that at least $325 million was spent on additional work ordered, in addition to $15.5 million for training and $1.5 million for cybersecurity improvements. In releasing […]

June 7, 2017 Read More →

On the Blogs: Trump Undercuts U.S. Coal, Nuclear Industries The administration’s inability, as well as that of most of the Republican Party in general, to come to grips with climate change is sad, but that will have to wait for a future post. The issue at hand is the decision’s likely negative impact on the U.S.’ already-battered nuclear and coal industries. For years […]

June 2, 2017 Read More →

U.S. Nuclear Industry in Doubt as Projects Falter in Georgia and North Carolina

E&E EnergyWire: The chairman of Georgia’s utility regulators said yesterday he hopes Southern Co. finishes two half-built nuclear reactors amid the parent of the project’s main contractor signaling financial ruin. “It just seems to be the most obvious conclusion where a completely functional nuclear plant for the next 60, 70, 80 years is the best […]

April 12, 2017 Read More →

Japan in Transition as Outlook for Coal Use Drops

Bloomberg News: Japan’s traditional power generators may produce 40 percent less electricity in 2030 than they did in 2015 because of a decline in demand and growth in supply from sources of clean energy, a study showed, casting doubt on plans to build more coal-fired power stations. Japan, which increased reliance on fossil fuel after […]

March 22, 2017 Read More →

On the Blogs: U.S. Nuclear Industry Is in Peril

Dennis Wamsted for Five years ago almost to the day (Feb. 9, 2012, actually), the Nuclear Regulatory Commission voted 4-1 to issue a construction and operating license to Southern Company for the 2,234 megawatt Vogtle 3&4 project—the first of the new generation of reactors that was touted as the beginning of the industry’s long […]

February 10, 2017 Read More →

Cuomo: New York Will Find Ways to Replace Power from Indian Point Nuclear Plant

David Klepper for the Associated Press: New York will be able to make up for lost electricity generation after the aging Indian Point nuclear power plant shuts down in 2021, Gov. Andrew Cuomo said Monday, announcing a deal between state officials and plant-owner Entergy Corp. that will close the facility by 2021. Sitting along the […]

January 9, 2017 Read More →

On the Blogs: Georgia Power’s Nuclear Expansion Project Faces Delays

From Wamsted on Energy: Georgia Power executives certainly won’t say it and Georgia’s utility regulators certainly won’t acknowledge it, but the reality is there are going to be additional delays at Vogtle 3&4—the already delayed and over budget new nuclear project being built by Westinghouse for the Southern Company subsidiary and a consortium of Georgia […]

July 11, 2016 Read More →

In Closure of Diablo Canyon Power Plant, a Concession That the Future Is Not Nuclear

Ivan Penn and Samantha Masunaga for the Los Angeles Times: One of California’s largest energy utilities took a bold step in the 21st century electricity revolution with an agreement to close its last operating nuclear plant and develop more solar, wind and other clean power technologies. The decision announced Tuesday by Pacific Gas & Electric […]

June 22, 2016 Read More →