Too Big To Bail Out? Report To Estimate Cost Of Extending New York-Style Nuclear Bailout Nationwide

WASHINGTON, Nov. 2, 2016 /PRNewswire-USNewswire/ -- With the adoption of a controversial $7.6 billion bailout for three nuclear plants, New York became the first U.S. state to attempt to save the struggling nuclear power industry.  Given that half of nuclear power in the United States has been projected to be unprofitable by 2020, the following questions logically arises:  How much would it cost to extend a New York-style bailout to the nuclear power industry nationwide? What would the price tag be for just the most uneconomical reactors? How much money would have to be diverted from wind, solar, and energy efficiency if the nation chooses to prop up faltering nuclear reactors?

These key questions will be answered in a major new report by the Nuclear Information and Resource Service (NIRS) that will be released during a live, phone-based news conference at 11 a.m. ET Thursday (November 3, 2016). The NIRS report looks closely at the troubling issues raised by the New York nuclear bailout, the bailout pushes that have materialized already in other states (including Illinois and Ohio), and the various proposals for subsidies, market preferences, re-regulation and other special arrangements that have been proposed at the federal level to keep the foundering nuclear industry afloat.

News event speakers will include:

• Report author Tim Judson, executive director, NIRS.
• Former Nuclear Regulatory Commission (NRC) Commissioner Peter Bradford, currently adjunct professor on Nuclear Power and Public Policy, Vermont Law School, and former chair of the New York and Maine state utility regulatory commissions.

A third speaker will be added prior to the time of the new event.

TO PARTICIPATE:  Reporters can join this live, phone-based news conference (with full, two-way Q&A) at 11 a.m. ET by dialing 1-877-418-4267.  Ask for the "Nuclear Subsidies Report" news event.

CAN'T PARTICIPATE?  A streaming audio replay of the news event will be available as of 4 p.m. ET on November 3, 2016 at www.nirs.org/.

ABOUT NIRS
2018 will mark the 40th anniversary of Nuclear Information and Resource Service.  NIRS was founded to be the national information and networking center for citizens and environmental activists concerned about nuclear power, radioactive waste, radiation and sustainable energy issues. www.nirs.org

SOURCE Nuclear Information and Resource Service (NIRS), Washington DC

Related Links

http://www.nirs.org