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Economically failing nuclear plant to receive 1.1B bailout (apnews.com)
submitted 2 years ago by to c/nuclear@feddit.nl
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cross-posted from: https://lemmy.world/post/10870837

"President Joe Biden’s administration on Wednesday finalized approval of $1.1 billion to help keep California’s last operating nuclear power plant running. "

Because renewable energy sources are too expensive?

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[–] 2 points 2 years ago (1 child)

Nice framing, but that's a whopping 1.2 cents in financial aid per kWh.

Sounds like great deal actually.

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  • [–] [S] -5 points 2 years ago

    Of course it's a good deal - for the companies involved. They get to socialize the costs, while privatizing the profits.

    The rest of us pay for this, and get a legacy of radioactive waste, and a delay in the inevitable transition to renewable power.

    For anyone paying attention, this is just one more example of how the nuclear industry has failed economically.

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    • [–] 2 points 2 years ago (1 child)

    If you want to talk about subsidies, let's talk about how fossil fuels and renewables get MORE subsidies than nuclear energy. https://www.eia.gov/analysis/requests/subsidy/pdf/subsidy.pdf

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