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URL:  https://boards.fool.com/i-suppose-you-could-say-that-the-35-natural-gas-34082366.aspx

Subject:  Re: Violent extortion in France... Date:  12/11/2018  10:36 PM
Author:  jaagu Number:  548972 of 563024

I suppose you could say that the 35% natural gas in 2018 would be higher without the wind and solar buildup. But you would also need to acknowledge that the subsidies given to renewables, particularly to wind, helped to undercut the wholesale price of electricity so that some smaller nuclear power plants were forced to shut down, and more are scheduled to close in the next few years (Duane Arnold, Diablo Canyon, Pilgrim, Indian Point). The Renewable Portfolio Standards, which often reward wind and solar, while simultaneously punishing nuclear, don't help any either.

- Pete

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Sour grapes Pete!

The nuclear industry was offered huge subsidies during the same time period as renewables were offered subsidies. Only Vogtle nuclear project took the $8 billion subsidies offer several years ago (which has now been increased to about $12 billion). Why didn't Summer nuclear project take the nuclear subsidies offered? Why didn't the other utilities take the nuclear power subsidies?

Pete likes to complain about renewables taking subsidies while ignoring the fact the nuclear power could have taken similar subsidies.

Utilities with brains knew that new nuclear power in USA would never meet budget and schedule requirements for subsidies. And when Fukushima happened, the utilities that were still considering nuclear power bailed out faster than a speeding bullet.

jaagu
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