French "nuclear miracle" plagued by fast-rising reactor costs and "crowding out" of renewables

[bananas]

http://www.beyondnuclear.org/home/2010/9/9/french-nuclear-miracle-plagued-by-fast-rising-reactor-costs.html

French "nuclear miracle" plagued by fast-rising reactor costs and "crowding out" of renewables

A new study by Dr. Mark Cooper of Vermont Law School, released today, warns "it is highly unlikely that the problems of the nuclear industry will be solved by an infusion of federal loan guarantees and other subsidies to get the first plants in a new building cycle completed. U.S. policymakers should resist efforts to force the government into making large loans on terms that put taxpayers at risk in order to ‘save' a project or an industry that may not be salvageable." The press release contains a link to the executive summary and the full report. Steven Thomas of Greenwich University in London, expert on Electricite de France and Areva economic woes, joined Dr. Cooper for the press conference, a full audio recording of which can be found at www.nuclearbailout.org after 6 p.m. today.

Date September 9, 2010

No surprise - even the CEOs of Entergy and Exelon said "the numbers just don't work" for new nuclear.
No new loan guarantees should be authorized.

[kristopher]

1. Another excellent paper by Cooper.

Thanks for posting it.