Skip to main content

DOE’s Response to the 50% Default Rate Myth for Nuclear Plants

Here’s an interesting update to a post at Mother Jones on nuclear’s supposed 50% default rate:

Stephanie Mueller, Press Secretary for the Department of Energy, sent this response on Tuesday evening: "This [the CBO report] is a 7 year old analysis of legislation that was never enacted, and it is not germane to the current project—which has undergone rigorous financial analysis, is conditioned on regulatory approval, uses proven technology, and sets strict financial requirements to protect taxpayers.  Further, the project already has power purchasing agreements in place.  In other words, utilities have signed contracts agreeing to buy power from the plant for many years into the future, ensuring a stream of revenue."

Doubt these actual facts will have any effects on the critics, though. But I guess the more they continue to use this claim and the more it’s debunked, then the less credible the critics become. It’s their credibility at stake so we’ll see how long they continue to latch to this misinformation, though it could be awhile. We just have to keep bopping this myth on its head.

Comments

Anonymous said…
The thing to do now is to take wagers from the anti-nukes on whether the new Vogtle AP-1000's will default on their loans. They will look increasingly disconnected from reality as the construction progresses, since it's going to go just as well as with the new units in construction in China right now. Within 10 years it's going to be even more difficult to be an anti-nuke than it is today.

Popular posts from this blog

How Nanomaterials Can Make Nuclear Reactors Safer and More Efficient

The following is a guest post from Matt Wald, senior communications advisor at NEI. Follow Matt on Twitter at @MattLWald.

From the batteries in our cell phones to the clothes on our backs, "nanomaterials" that are designed molecule by molecule are working their way into our economy and our lives. Now there’s some promising work on new materials for nuclear reactors.

Reactors are a tough environment. The sub atomic particles that sustain the chain reaction, neutrons, are great for splitting additional uranium atoms, but not all of them hit a uranium atom; some of them end up in various metal components of the reactor. The metal is usually a crystalline structure, meaning it is as orderly as a ladder or a sheet of graph paper, but the neutrons rearrange the atoms, leaving some infinitesimal voids in the structure and some areas of extra density. The components literally grow, getting longer and thicker. The phenomenon is well understood and designers compensate for it with a …

Why America Needs the MOX Facility

If Isaiah had been a nuclear engineer, he’d have loved this project. And the Trump Administration should too, despite the proposal to eliminate it in the FY 2018 budget.

The project is a massive factory near Aiken, S.C., that will take plutonium from the government’s arsenal and turn it into fuel for civilian power reactors. The plutonium, made by the United States during the Cold War in a competition with the Soviet Union, is now surplus, and the United States and the Russian Federation jointly agreed to reduce their stocks, to reduce the chance of its use in weapons. Over two thousand construction workers, technicians and engineers are at work to enable the transformation.

Carrying Isaiah’s “swords into plowshares” vision into the nuclear field did not originate with plutonium. In 1993, the United States and Russia began a 20-year program to take weapons-grade uranium out of the Russian inventory, dilute it to levels appropriate for civilian power plants, and then use it to produce…

Nuclear Is a Long-Term Investment for Ohio that Will Pay Big

With 50 different state legislative calendars, more than half of them adjourn by June, and those still in session throughout the year usually take a recess in the summer. So springtime is prime time for state legislative activity. In the next few weeks, legislatures are hosting hearings and calling for votes on bills that have been battered back and forth in the capital halls.

On Tuesday, The Ohio Public Utilities Committee hosted its third round of hearings on the Zero Emissions Nuclear Resources Program, House Bill 178, and NEI’s Maria Korsnick testified before a jam-packed room of legislators.


Washingtonians parachuting into state debates can be a tricky platform, but in this case, Maria’s remarks provided national perspective that put the Ohio conundrum into context. At the heart of this debate is the impact nuclear plants have on local jobs and the local economy, and that nuclear assets should be viewed as “long-term investments” for the state. Of course, clean air and electrons …