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

Hitachi reportedly on verge of canceling U.K. nuclear project

The Guardian: The Japanese conglomerate Hitachi looks certain to cancel its plans for a £16bn nuclear power station in Wales, leaving Britain’s ambitions for a nuclear renaissance in tatters. An impasse in months-long talks between the company, London and Tokyo on financing is expected to result in the flagship project being axed at a Hitachi […]

January 11, 2019 Read More →

Platts expects sharp rise in European coal, nuclear plant closures in early 2020s

Platts: Years late and massively over-budget, Europe’s first EPR nuclear reactors are finally about to load fuel and energize. This is the final act in the region’s longest-running generation construction saga, with delivery of first power from EPRs in Finland and France due before end-2019. These baseload additions buck the longer-term trend towards growing volatility […]

January 10, 2019 Read More →

Renewables a better option than nuclear, French environment agency says

Bloomberg: France will save 39 billion euros ($44.5 billion) if it refrains from building 15 new nuclear plants by 2060, and bets instead on renewable energy sources to replace its all its aging atomic facilities, a government agency said. France should spend 1.28 trillion euros over the next four decades, mostly on clean power production […]

December 12, 2018 Read More →

Toshiba withdrawal kills major U.K. nuclear project

The Guardian: Plans for a new nuclear power station in Cumbria have been scrapped after the Japanese conglomerate Toshiba announced it was winding up the UK unit behind the project. Toshiba said it would take a 18.8bn Japanese yen (£125m) hit from closing its NuGeneration subsidiary, which had already been cut to a skeleton staff, […]

November 8, 2018 Read More →

Florida muni calls for cancellation of Vogtle reactor project

S&P Global Market Intelligence ($): The Jacksonville, Fla., municipal utility is ramping up efforts to exit a power contract tied to the Vogtle nuclear plant expansion, with JEA’s interim CEO calling on the project’s owners to vote against continuing construction at the venture. JEA is in a power purchase agreement, or PPA, with the Municipal […]

August 22, 2018 Read More →

AEP’s Akins: Distributed resources offer less risk, same returns

S&P Global Market Intelligence ($): Building large-scale generation like the Vogtle nuclear plant expansion represents a “significant challenge” in today’s market, American Electric Power Co. Inc.’s CEO said Aug. 16, adding that those ventures do not align with his company’s investment thesis. During a CNBC interview, Chairman, President and CEO Nick Akins said that in […]

August 20, 2018 Read More →

IEEFA update: Vogtle nuclear reactor, a runaway project nobody needs

In announcing earlier this month that Southern Company was raising its subsidiary Georgia Power’s share of the already-too-expensive and long-delayed Vogtle nuclear project by $1.1 billion, CEO Tom Fanning increased the utility’s 45.7 percent stake in the plant to $8.4 billion. It seems a highly misguided move. While Fanning continued to defend the roughly 2,234 […]

August 17, 2018 Read More →

Trump administration continues to work on bailout for coal, nuclear plants

Bloomberg News: The Federal Energy Regulatory Commission is helping the Trump administration identify “critical” coal and nuclear power plants, a key step in the White House’s contentious plan to keep those facilities online in the name of national security. Anthony Pugliese, FERC’s chief of staff, told an American Nuclear Society conference this week that the […]

August 10, 2018 Read More →

Unable to compete with wind, Iowa nuclear plant will close five years ahead of schedule

Utility Dive: NextEra Energy will close its 601 MW Duane Arnold nuclear plant in Iowa in late 2020 after reaching an agreement with utility Alliant to end its power purchase agreement (PPA) with the plant five years early. Nuclear plants in the U.S. are under pressure from cheap natural gas and renewables, forcing many to […]

July 30, 2018 Read More →

Exelon considering battery storage at its nuclear units

S&P Global Market Intelligence ($): The falling cost of lithium-ion batteries has prompted a “shift in the conversation” around energy storage at Exelon Corp., as the U.S. power generation giant and electricity supplier explores “a wide range of applications on both sides of the meter,” a company official said. “We haven’t revealed much of our […]

July 17, 2018 Read More →