Click amount to donate direct to CounterPunch
  • $25
  • $50
  • $100
  • $500
  • $other
  • use PayPal
Please Support CounterPunch’s Annual Fund Drive
We don’t run corporate ads. We don’t shake our readers down for money every month or every quarter like some other sites out there. We only ask you once a year, but when we ask we mean it. So, please, help as much as you can. We provide our site for free to all, but the bandwidth we pay to do so doesn’t come cheap. All contributions are tax-deductible.

Is the Nuclear Renaissance Dead Yet?

America’s much hyped “reactor renaissance” is facing a quadruple bypass. In actual new construction, proposed projects and overseas sales, soaring costs are killing new nukes. And the old ones are leaking like Dark Age relics on the brink of disaster.

As renewables plummet in cost, and private financing stays nil, the nuclear industry is desperate to gouge billions from Congress for loan guarantees to build new reactors. Thus far, citizen activism has stopped them. But the industry is pouring all it has into this fall’s short session, yet again demanding massive new subsides to stay on life support.

Here’s a lab report:

Soaring costs at Vogtle, the US’s one active new reactor project, have stuck Georgia ratepayers with $108 million in unplanned overcharges … and that’s just for starters at a site where actual construction has barely begun. Vogtle’s builders are hiking rates by nearly 3x as much as the original $1.30/month promised when it first agreed to soak ratepayers for the plant — in advance. This new hike was opposed by the PSC’s own staff, which blasted the whole deal for being shrouded in secrecy.

Currently calculated to cost a sure-to-soar $14.5 billion, the Vogtle project got $8.33 billion in federal loan guarantees from Obama in February. Citizen/taxpayer groups have since sued to see the details, which the administration is keeping secret. Georgia Power, which is building Vogtle, has already asked for another $1 billion rate increase.

Such soaring rates and slipping schedules defined the first generation of “too cheap to meter” reactors, which almost without exception came in years late and billions over budget. Costs of the two original Vogtle reactors jumped by 1,263% — from an original $660 million budget to nearly $9 billion — forcing up statewide rates more than 12%. Construction was promised for 7 years, but actually took 16.

The French giant AREVA’s “new generation” projects in Finland and Flamanville, France, have also soared hugely over budget and behind schedule. So there’s every indication the new generation of reactors will be as catastrophically behind schedule and over budget as the first.

John Rowe, the CEO of Exelon, America’s top reactor owner (17 in 3 states), says low gas prices could delay construction of new merchant nukes in the US by a “decade, maybe two.” Merchant power plants sell electricity into open competitive markets.

Because atomic energy can’t compete with natural gas or renewables and efficiency, Exelon has withdrawn its application to build two reactors in Victoria County, Texas. “We haven’t totally abandoned” the project, says Rowe. But “it’s very unlikely we would do it for a long time.”

American reactor component makers are angry with India for a passing new law requiring the industry to assume substantial liability for a catastrophe they might cause.

The horrifying aftermath of Bhopal, where Union Carbide killed thousands of local citizens with a lethal gas emission for which they have not been held fully accountable, still weighs heavily in India. But the atomic industry will not tread where it’s held liable for the true costs of its potential disasters. In the US, liability is capped at around $11 billion, even though the financial damage from a full-scale catastrophe could easily soar into the trillions. Minimum estimates from the 1986 Chernobyl disaster, which occurred in a remote, impoverished area, have exceeded $500 billion. By recent estimates the death toll is 985,000 and still counting.

On behalf of US corporations, the Obama Administration is demanding the Indian liability requirements be lifted. Especially in the wake of BP’s Deepwater Horizon catastrophe in the Gulf of Mexico, it is a stunning admission that even after fifty years, reactor technology cannot be held accountable for its technical vulnerabilities, here or abroad.

America’s aging fleet of first generation reactors is leaking profusely. Indian Point, north of Manhattan, has suffered seven unplanned shut-downs in two years.

In recent months serious emissions of tritium and other radioactive substances into the air and water have been found at Vermont Yankee, Indian Point, New Jersey’s Oyster Creek and many more. Ohio’s infamous Davis-Besse, where boric acid ate virtually all the way through a reactor pressure vessel, has sprung some two dozen leaks which cannot be explained by its owner, First Energy. In Vermont, leaks from pipes the operators said did not exist have seeped contaminated water into the Connecticut River. As reactor owners petition to extend operating licenses for decades to come, the rickety, embrittled old plants become increasingly dangerous.

According to official records, the nuclear industry has spent at least $645 million in the past decade lobbying for taxpayer handouts. It got $18.5 billion in loan guarantees from the Bush Administration in 2005. Obama has asked for some $36 billion more. But so far a national grassroots movement has kept that from happening. The industry is demanding more from Congress, and will continue to do so as long as legislators need cash to run their campaigns.

But it is now clearer than ever that atomic energy cannot compete, that new construction means new rate hikes, that delays and cost overruns will always outstrip the industry’s initial public assurances, and that after a half-century this technology still can’t face the prospect of full liability for the disasters it might impose … or even for the “minor” radiation it constantly emits.

Will this finally kill the much hyped “renaissance” of a Dark Age technology defined by quadruple failures in human health, global ecology, sound finance and increasingly shaky performance?

That will depend on the power of citizen activism. Nuclear power can’t survive without protection from accident liability. Nor can new plants be built without huge public subsidies.

The longer those are stopped, the more likely a Solartopian transition to the only sources that can sustain us: increased efficiency and the green-powered birth of the Age of Renewables.

HARVEY WASSERMAN, an early co-founder of the grassroots “No Nukes” movement, is senior adviser to Greenpeace USA, and author of ‘Solartopia! Our Green-Powered Earth.’

More articles by:

Harvey Wasserman wrote SOLARTOPIA! Our Green-Powered Earth. His Green Power & Wellness Show is at

October 15, 2018
Rob Urie
Climate Crisis is Upon Us
Conn Hallinan
Syria’s Chessboard
Patrick Cockburn
The Saudi Atrocities in Yemen are a Worse Story Than the Disappearance of Jamal Khashoggi
Sheldon Richman
Trump’s Middle East Delusions Persist
Justin T. McPhee
Uberrima Fides? Witness K, East Timor and the Economy of Espionage
Tom Gill
Spain’s Left Turn?
Jeff Cohen
Few Democrats Offer Alternatives to War-Weary Voters
Dean Baker
Corporate Debt Scares
Gary Leupp
The Khashoggi Affair and and the Anti-Iran Axis
Russell Mokhiber
Sarah Chayes Calls on West Virginians to Write In No More Manchins
Clark T. Scott
Acclimated Behaviorisms
Kary Love
Evolution of Religion
Colin Todhunter
From GM Potatoes to Glyphosate: Regulatory Delinquency and Toxic Agriculture
Binoy Kampmark
Evacuating Nauru: Médecins Sans Frontières and Australia’s Refugee Dilemma
Marvin Kitman
The Kitman Plan for Peace in the Middle East: Two Proposals
Weekend Edition
October 12, 2018
Friday - Sunday
Becky Grant
My History with Alexander Cockburn and The Financial Future of CounterPunch
Paul Street
For Popular Sovereignty, Beyond Absurdity
Nick Pemberton
The Colonial Pantsuit: What We Didn’t Want to Know About Africa
Jeffrey St. Clair
The Summer of No Return
Jeff Halper
Choices Made: From Zionist Settler Colonialism to Decolonization
Gary Leupp
The Khashoggi Incident: Trump’s Special Relationship With the Saudi Monarchy
Andrew Levine
Democrats: Boost, Knock, Enthuse
Barbara Kantz
The Deportation Crisis: Report From Long Island
Doug Johnson
Nate Silver and 538’s Measurable 3.5% Democratic Bias and the 2018 House Race
Gwen Carr
This Stops Today: Seeking Justice for My Son Eric Garner
Robert Hunziker
Peak Carbon Emissions By 2020, or Else!
Arshad Khan
Is There Hope on a World Warming at 1.5 Degrees Celsius?
David Rosen
Packing the Supreme Court in the 21stCentury
Brian Cloughley
Trump’s Threats of Death and Destruction
Joel A. Harrison
The Case for a Non-Profit Single-Payer Healthcare System
Ramzy Baroud
That Single Line of Blood: Nassir al-Mosabeh and Mohammed al-Durrah
Zhivko Illeieff
Addiction and Microtargeting: How “Social” Networks Expose us to Manipulation
What is Truth?
Michael Doliner
Were the Constitution and the Bill of Rights a Mistake?
Victor Grossman
Cassandra Calls
Ralph E. Shaffer
Could Kavanaugh’s Confirmation Hearing Ended Differently?
Vanessa Cid
Our Everyday Family Separations
Walaa Al Ghussein
The Risks of Being a Journalist in Gaza
Ron Jacobs
Betrayal and Treachery—The Extremism of Moderates
James Munson
Identity Politics and the Ruling Class
P. Sainath
The Floods of Kerala: the Bank That Went Under…Almost
Ariel Dorfman
How We Roasted Donald Duck, Disney’s Agent of Imperialism
Joe Emersberger
Ecuadorian President Lenin Moreno’s Assault on Human Rights and Judicial Independence
Ed Meek
White Victimhood: Brett Kavanaugh and the New GOP Brand
Andrew McLean, MD
A Call for “Open Space”