Critics of nuclear energy argue plants like Ginna pose a safety risk to the community. They cost too much to maintain. Uranium fuel costs are rising.
Renewable energy is becoming more popular. "New Yorkers, particularly Rochester ratepayers who are going to bear the burden of subsidizing this plant, if this agreement goes through, really deserve to know what the choices are," said Jessica Azulay, Program Director, Alliance for a Green Economy.
They can't compete on the open market. They can't compete with natural gas, nor coal, nor solar. In fact now, nuclear is the most expensive way to make electricity.
The petition references a 10 year purchase power agreement (PPA) that required RG&E to buy energy from Ginna, but that deal recently expired. Now Ginna is selling its energy on the wholesale market, something Constellation said is not sufficient enough to cover its revenues. With the petition, Constellation is looking to enter into a new Reliablility Support Services Agreement (RSSA) with RG&E, that would "forestall the Ginna Facility's retirement."
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The Owner is called CENG, which is majority owned by Exelon. The same company in Illinois is extorting more money from the ratepayers, at least trying to.Read More at: http://www.13wham.com/template/cgi-bin/archived.pl?type=basic&file=/news/features/top-stories/stories/archive/2014/10/VjT1KeY7.xml#.VGZ9iMmKUUM
By Nukepro calculations, Exelon is going to need a 82% increase in sales price in order to break even and make a fair profit. SHUT THIS DOWN!
Ginna is a 581MW PWR
They have been losing about $100M a year.
Based on the rated output, and assuming a 90% capacity factor, that would generate 4.58 Million Megawatt Hours, or 45.8 Million Kilowatthours.
Simple math, the loss per kWH is over 2.2 cents per kWH. No JOKE, well the joke is going to be on the rate payers if they can manipulate the Utiltiy Commission.
What an absurd loss per kWH. Ginna was purchased by Exelon for $408M in 2003.
Their 10 year deal with rGE to buy power at 4.4 cents per kWH
In their plea to "give us more money" they have the audacity to claim that they deserve more money because of "operational risk"
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of CENG corporate overhead). Further, in addition to incurring these losses, CENG has not been
Quote of dosdos: "The uranium miners/stock holders are going crazy because Sendai got approved. They have been acting like their entire industry has been saved by a single perfecture decision. They have been suffering for three and a half years, and they are grabbing at straws so badly, trying to fool the rest of the investors to sink their money in uranium as well.
ReplyDeleteThere has been that "good times right around the corner" for three and a half years, and the market still hasn't rebounded to profitable margins. Blah, blah, blah, blah, blah…. Pathetic.
Just remember, public opinion won't kill nuclear. Politics won't kill nuclear. Only money will kill nuclear, and they know it, they fear it, because money is killing it. It's obvious by the pathetic way they grasp at straws. The only question is will it kill it soon enough?
If you want to fight nuclear, make it more expensive to run. Help make sure that expensive safeguards are required. It won't take much, as the profit margins are currently very slim."
http://enenews.com/fukushima-student-documentary-japan-going-insane-like-about-killed-gotten-better-government-abandoned-anyone-please-please-save-lives-fukushima-people-children-video/comment-page-1#comment-602806
Muy buena, dosdos! Un burro es más inteligente que un Nuker.
Be careful, some four legged mammals could take insult as being in the same sentence as a Nuketard.
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