Ginna Bailout Update
Greetings from Alliance for a Green Economy (AGREE).
We are writing with an important update about our fight against the
consumer bailout of the Ginna nuclear reactor near Rochester, NY.
We have good news and we have bad news... and we need your help with
a final round of comments in the case.
AGREE has been fighting the proposed bailout of the Ginna reactor for
almost a year now. We are a scrappy little non-profit going up
against huge monied interests who have a lot at stake. Only because
of participation from people like you have we been able to make a
difference.
When the case began, the utility company (RG&E), the nuclear
owners, and the Public Service Commission were ready to rush approval
of a 3.5-year subsidy with a possibility of easily extending another
year and a half. The initial proposed term, through October 2018, was
estimated back in April 2015 to cost RG&E consumers about $175
million. Over time, estimated costs of the bailout have risen,
because market rates for electricity keep declining, creating an even
larger gap between what Ginna can earn in the market and what it
needs to stay open. The last cost estimate we got from RG&E was
an estimated $254 million!
The good
news is that there is now a proposed settlement in
the case that will cut the length of the subsidy down to two years,
with no easy extension. If all goes as planned, the subsidy would end
in the Spring of 2017. The new agreement will save RG&E customers
about $90 million. Additionally, RG&E has caved to demands that
it use its hoard of customer credits to pay for a large portion of
the bailout, which means that RG&E customers will not see their
bills go up as much as originally proposed.
The bad news
is that RG&E will get away scot-free under the proposed agreement
without having to pay any of its shareholders' money toward the
subsidy. Those credits mentioned above represent customer money that
RG&E owes back to its rate-payers. The credits used for the
bailout will not be available in the future to give back to
customers. We have argued all along that
RG&E failed to plan properly for the potential retirement of the
Ginna reactor and that customers should not have to pay for the
utility's bad planning.
The settling
parties also did not address what will happen when Ginna closes,
and have set up a situation in which Ginna's owners could walk away
from their mess for decades before maybe someday cleaning up the
reactor. We have been calling for an agreement that would make
Ginna's owners begin the decommissioning process right away, in order
to best protect the local community and preserve as many jobs at the
site as possible.
AGREE's intervention in this case was instrumental in winning the
gains that have happened so far, and we participated heavily in the
negotiations of this agreement. Over 1,000 people have commented in
the case in support of our position, including you. But we still have
a ways to go before the deal is truly fair to consumers and good for
the environment. Though the agreement represents a real improvement
over the original proposal, we have not signed on to support it
because we don't think it goes far enough. We are continuing to fight
for an even better outcome, and we need your help to win more.
We need you to raise your voice to hold RG&E
and Ginna's owners accountable:
- RG&E's shareholders (not the public)
should pay for the subsidy because the company failed to plan
properly.
- Ginna's owners should commit to cleaning up
their radioactive mess, not walk away from the site for decades.
The Public Service Commission will decide whether to
accept the proposed settlement early next year. The Commission has
the power to impose additional terms, including making RG&E pay
and making sure a safe and immediate decommissioning plan is in
place. We urge you to submit a comment today.
Click here to submit a comment.
Sincerely,
Jessica Azulay
Alliance for a Green Economy
P.S. Help us spread the word by using the icons below to share this
message.
P.P.S. If you appreciate our work in this case, please consider making a donation so that we can
continue to fight for consumers and the environment.
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Im sure the good peopke of Rochester and the Upstate Nee York area appreciate the efforts of dedicated workers to provide a carbon free, highly reliable form of electricity. Further, they know that carpet bagging antinukes from California abd warm states have no clue that loss of electricity during harsh winters will result in someones real death, and not some virtual number plugged from a flawed stochastic risk model.
ReplyDeleteI am sure the "good people" of Rochester really enjoyed being defrauded of $240M bucks in the rate fixing fraud that Ginna was convicted of.
DeleteI think the 'carbon free' myth has been so thoroughly debunked that for you to even utter that nonsense here is just more proof in the pudding --> there are no more valid arguments in favor of nuclear power generation. These places (NPPs) are and were always cover/support for weapons production.
ReplyDeleteIf the carbon free myth has been debunked the why did the US government call nuclear a very important piece in the latest summit on reducing carbon in our atmosphere? I think the only ones that think its debunked are antinukes. No commercial power plant fuel in the West has ever been used for weapons fissile material? Where do you get such outlandish information? Having worked in both the commercial sector and as a fed contractor I can say with total confidence what you say is patently a bold face lie. It just isnt true. Once again how can you make such outlandish statements?
ReplyDeleteYou think you can sell that shite here? The US gove said....therefore must be true.
DeleteSheesh, are you freaking blind, living under a rock.
Remember Obama spouting "do nothing, no radiation coming" as he jetted off to Brazil with the GE CEO. here is that story.
http://nukeprofessional.blogspot.com/2015/11/obama-we-do-not-expect-harmful.html