Natural Gas NOW
Is Pennsylvania preparing to do a nuclear raid on electric ratepayers? This is madness. We have natural gas and it’s less expensive. What’s the problem?
I got a disturbing e-mail from my electric service provider, yesterday. It indicates the nuclear energy industry, following the lead of renewables scammers, is looking for ratepayers and taxpayers to protect them from natural gas competition. They want me to pay for their inability to compete.
Worse, rather than address the problem with nuclear energy costs (way too much expensive government delay and regulation), they’ve decided to join the forces that have held their industry down and go for the subsidies. That means we, as ratepayers and taxpayers, are slammed twice with the costs of bureaucracy. This is madness.
There’s nothing wrong with nuclear energy except that it costs too darned much and people are scared of it after Three Mile Island, Chernobyl and Fukushima. These factors are related, of course. The delays and costs of governmental regulation are a direct result of fears generated by these three examples of accidents. But, it has the advantage of being emission free and, in the insane world of zero emission virtue signaling that provides an excuse to ask for government subsidies. Let the ratepayers pay! Isn’t that what they’re there for, after all?
Yes, Pennsylvania’s shale revolution has made nuclear energy a whole lot less competitive than it once was and now the nuclear industry wants a subsidy, too. It’s a thoroughly bad idea and here’s what PPL, my electric service provider, had to say about it (emphasis added):
A nuclear subsidy proposal being discussed in Harrisburg would end up raising electric bills for customers in Pennsylvania and we estimate PPL Electric Utilities customers would collectively have to pay an extra $130 million per year.
PPL Electric Utilities is standing up against this plan because we believe this is bad public policy and an unfair burden on our customers.
Proposed legislation would require electric utilities to purchase as much as half of their customer demand from nuclear energy as part of a new mandate under Pennsylvania’s Alternative Energy Portfolio Standards Act. The reality is nuclear energy already benefits from a robust energy market in Pennsylvania.
PPL Electric Utilities and its parent company, PPL Corporation, support a clean energy future. No one disputes that nuclear energy is carbon-free, but we don’t want the public to confuse narrow nuclear subsidy proposals with efficient and effective economy-wide, market-based efforts to move the state toward a low carbon future.
Proponents of the nuclear subsidy measure have created a “crisis” environment and want quick action from legislators. We’re saying pump the brakes here and let this proposal be properly vetted. Hold hearings, call in all stakeholders and most importantly, demand numbers from advocates of this plan.
Is hiding a nuclear bailout in customers’ electricity bills necessary and is it the best course to move Pennsylvania forward? We don’t think so.
I don’t think so, either. Stop the madness before it spreads!