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« Rick Rule: Better Deals for Oil Investors as US, Canada Have Less Available Capital | Main | Nuclear power: UK 'must learn' from French reactor concerns »
Sunday
Apr192015

Nuclear Power Goes Begging, Likely at Consumers’ Expense

Operators of nuclear power plants are seeking rate increases to avoid closures in deregulated market

Electricity producers in several states are asking for hundreds of millions of dollars in financial support to keep costly nuclear power plants in business—a move that is likely to boost customers’ power bills.

The utilities claim the nuclear reactors in question—located in New York, Ohio and Illinois—should be given special compensation because they are important to local economies and the electrical grid’s stability, and because they don’t emit greenhouse gases or other pollutants.

But consumer advocates don’t see why utility customers should be asked to subsidize these plants. They note that New York, Ohio and Illinois all deregulated their electricity markets more than a decade ago, a move meant to reduce power costs in part by weeding out the least-competitive power plants.


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