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Power Plants

Nuclear Industry Prices Itself Out Of Market For New Power Plants

By Joe Romm for Think Progress - In the modern era, nuclear power plants have almost always become more and more expensive over time. They have a “negative learning curve” — along with massive delays and cost overruns in market economies. This is confirmed both by recent studies and by the ongoing cost escalations of nuclear plants around the world, as I’ll detail in this post. In the United States, the cost of Georgia Power’s newest twin Vogtle reactors may top initial estimates of $14 billion and reach $21 billion, according to recent Georgia Public Service Commission testimony.

Strengthen Rules To Avoid Climate Haymaker

Think of it as history’s biggest haymaker — after a decadeslong windup, sea-level rise is gearing up to clobber American coastal cities from Miami to D.C., as two recent scientific warnings make clear. First came the federal National Climate Assessment’s disturbing finding that global warming is already increasing dangers from floods and Hurricane Sandy-style storm surges. Then came two studies showing that huge Antarctica glacier clusters have started a long-term collapse that could cause far greater sea-level increases. So why isn’t President Obama proposing a more serious solution to the greenhouse gas emissions from our nation’s power plants — the largest source of the pollutants disrupting our climate and paving the way for rising oceans to redraw America’s coastlines? The president’s Clean Power Plan, which is the focus of public hearings in four cities around the country this month, has generated tremendous hype and confusion. But the bottom line is simple: These rules just don’t do enough to cut planet-warming pollution from existing power plants.

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