Horrible idea. Nuclear is a bad investment, what happens when these projects go bankrupt and can’t repay the loans?
Negative_Gravitas on
Well, let’s see … back in the late ’70s and early 80s, [WPPSS](https://en.wikipedia.org/wiki/Energy_Northwest) made several billion dollars disappear and produced one out of five planned nuclear plants, if I recall correctly.
So, now that graft, corruption, and raging incompetence are no longer an issue , I’m sure this will go really, really well.
ToughHopeful4760 on
“The department declined to name the utilities involved or the states they are in, calling it premature until the selections are made. It did not give a timeline for making those selections”
Who do you think will be handing out these “selections”? I wonder how much it will cost to be “selected” Let’s hope he doesn’t select another incompetent Mar a Lago neighbor, Like the one he got to do the Reflecting pool.
Head on
In a way, this is just another vanity project because his vanity is offended by wind turbines.
GrowFreeFood on
25 years(if ever) before we save a single drop of oil. Wind and solar are far superior.
emp-sup-bry on
Vogtle is up to about 37 billion and counting and what…15+ years and still many to go?
“The new analysis details how the U.S. Department of Energy, Georgia Power, and the Georgia Public Service Commission (PSC), conspired to force Georgians into purchasing the most expensive electricity in the world, costing ratepayers $10,784 per kilowatt, compared to $900 – $1,500 per kilowatt for wind, solar, or natural gas. A [separate analysis](https://www.georgia-ces.org/issues) shows that ratepayers should expect a monthly electricity bill increase of $35 on average, more than double the Georgia Power disclosed estimate of $15 per month.”
Ok_Charge6441 on
This is the last administration I would trust with nuclear.
It seems Trump Jr is going into the energy business. Imagine that!
“The combined company will have a nine-member board including Trump Media’s current chief executive Devin Nunes, who will be co-chief executive of the new firm, and the president’s son Donald Trump Jr.”
reddit_user13 on
Where is fucking Congress??? They hold the purse strings for a reason.
krazyjakee on
I’m pretty handy. I’d do it for half this price as long as they also pay for my YouTube premium research costs.
SDivilio on
A broken clock is right twice a day. I would love to know where all this extra money is coming from though…
My_Name_Is_Steven on
With the changes they made to nuclear safety I don’t want to be anywhere near these things.
Desperate-Amoeba1359 on
Mister Meltdown
Cnidoo on
The only reason they support nuclear is because it’s the one renewable energy source that can only be produced by their elite friends. Oh and he’s definitely handing the loans out to companies that his degenerate sons have fat stakes in
freelancegroupie on
These anti-science folks should not be allowed anywhere anything nuclear
old-legs-623 on
I seldom see mention of another liability of these things which is their potential as targets in wartime. Zaporizhzhia has gotten off light so far.
Victor-LG on
The Republican Party and their felty to the fossil fuel industry, big banks, big pharma, gun manufacturers ARE WHY WE CAN’T HAVE NICE THINGS. We can’t even have normal, living conditions😡
Victor-LG on
Reactors, data centers, drilling. We are the new “don’t drink the water” country; if we even have any water 😡
Musketeer00 on
He doesn’t have the authority to allocate the budget for this.
look on
This is going to help a ton when they come online in 2080 or so.
pioniere on
Yeah, like I’m going to trust anything that this corrupt self serving regime is connected to. Nope.
mabols on
In related news Eric and Don Jr just added to the board of nuclear reactors makers.
fanglazy on
Average cost for a “large” reactor is about $15b. So good luck with that. This is a grift to give a few billion to his friends. Imagine that money spent on public education.
AkagamiBarto on
I am neutral on nuclear, like I don’t oppose it, but where it is not needed feels like a waste
However this is only environmentally and scientifically speaking.
Socially, politically, economically speaking i can’t help but notice many aspects that make my alarms go off.
And i don’t think it’s a fortuitous case that most that advocate for it are full capitalists.
thumbdrip on
Was Bill Gates being “pressured” to promote nuclear energy all those years or is the new technology actually radically safe? …
qrpc on
$1.75 Billion per reactor isn’t going to buy much. The Vogtle project cost over 30 Billion and ratepayers are going to pick up the tab.
Gold-Loan3142 on
In the UK, the only plant under construction, Hinkley Point C, is still unfinished and now has an estimated construction cost which equates to between **£48 billion and £50 billion** (in dollars, about $65 billion) when adjusted for inflation. It’s now delayed until 2030, almost 13 years after construction work began.
So this $17bn won’t go very far. And Trump needs to live to almost 100 if he wants to see any of them working.
ChodaRagu on
Can you even break ground with $1.75 Billion? That’s probably going to mostly go to environmental studies and attorney and lobbying fees.
28 Comments
Horrible idea. Nuclear is a bad investment, what happens when these projects go bankrupt and can’t repay the loans?
Well, let’s see … back in the late ’70s and early 80s, [WPPSS](https://en.wikipedia.org/wiki/Energy_Northwest) made several billion dollars disappear and produced one out of five planned nuclear plants, if I recall correctly.
So, now that graft, corruption, and raging incompetence are no longer an issue , I’m sure this will go really, really well.
“The department declined to name the utilities involved or the states they are in, calling it premature until the selections are made. It did not give a timeline for making those selections”
Who do you think will be handing out these “selections”? I wonder how much it will cost to be “selected” Let’s hope he doesn’t select another incompetent Mar a Lago neighbor, Like the one he got to do the Reflecting pool.
In a way, this is just another vanity project because his vanity is offended by wind turbines.
25 years(if ever) before we save a single drop of oil. Wind and solar are far superior.
Vogtle is up to about 37 billion and counting and what…15+ years and still many to go?
https://www.oregonpsr.org/plant_vogtle_the_true_cost_of_nuclear_power_in_the_u_s
“The new analysis details how the U.S. Department of Energy, Georgia Power, and the Georgia Public Service Commission (PSC), conspired to force Georgians into purchasing the most expensive electricity in the world, costing ratepayers $10,784 per kilowatt, compared to $900 – $1,500 per kilowatt for wind, solar, or natural gas. A [separate analysis](https://www.georgia-ces.org/issues) shows that ratepayers should expect a monthly electricity bill increase of $35 on average, more than double the Georgia Power disclosed estimate of $15 per month.”
This is the last administration I would trust with nuclear.
Now it all makes sense! I just read this:
[https://www.bbc.com/news/articles/cp9kv9lld38o](https://www.bbc.com/news/articles/cp9kv9lld38o)
It seems Trump Jr is going into the energy business. Imagine that!
“The combined company will have a nine-member board including Trump Media’s current chief executive Devin Nunes, who will be co-chief executive of the new firm, and the president’s son Donald Trump Jr.”
Where is fucking Congress??? They hold the purse strings for a reason.
I’m pretty handy. I’d do it for half this price as long as they also pay for my YouTube premium research costs.
A broken clock is right twice a day. I would love to know where all this extra money is coming from though…
With the changes they made to nuclear safety I don’t want to be anywhere near these things.
Mister Meltdown
The only reason they support nuclear is because it’s the one renewable energy source that can only be produced by their elite friends. Oh and he’s definitely handing the loans out to companies that his degenerate sons have fat stakes in
These anti-science folks should not be allowed anywhere anything nuclear
I seldom see mention of another liability of these things which is their potential as targets in wartime. Zaporizhzhia has gotten off light so far.
The Republican Party and their felty to the fossil fuel industry, big banks, big pharma, gun manufacturers ARE WHY WE CAN’T HAVE NICE THINGS. We can’t even have normal, living conditions😡
Reactors, data centers, drilling. We are the new “don’t drink the water” country; if we even have any water 😡
He doesn’t have the authority to allocate the budget for this.
This is going to help a ton when they come online in 2080 or so.
Yeah, like I’m going to trust anything that this corrupt self serving regime is connected to. Nope.
In related news Eric and Don Jr just added to the board of nuclear reactors makers.
Average cost for a “large” reactor is about $15b. So good luck with that. This is a grift to give a few billion to his friends. Imagine that money spent on public education.
I am neutral on nuclear, like I don’t oppose it, but where it is not needed feels like a waste
However this is only environmentally and scientifically speaking.
Socially, politically, economically speaking i can’t help but notice many aspects that make my alarms go off.
And i don’t think it’s a fortuitous case that most that advocate for it are full capitalists.
Was Bill Gates being “pressured” to promote nuclear energy all those years or is the new technology actually radically safe? …
$1.75 Billion per reactor isn’t going to buy much. The Vogtle project cost over 30 Billion and ratepayers are going to pick up the tab.
In the UK, the only plant under construction, Hinkley Point C, is still unfinished and now has an estimated construction cost which equates to between **£48 billion and £50 billion** (in dollars, about $65 billion) when adjusted for inflation. It’s now delayed until 2030, almost 13 years after construction work began.
So this $17bn won’t go very far. And Trump needs to live to almost 100 if he wants to see any of them working.
Can you even break ground with $1.75 Billion? That’s probably going to mostly go to environmental studies and attorney and lobbying fees.