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URL:  https://boards.fool.com/it-really-does-not-matter-how-good-nuclear-power-34936589.aspx

Subject:  Re: The Future of Energy Date:  9/16/2021  8:35 PM
Author:  jaagu Number:  118050 of 118211

It really does not matter how good nuclear power is if the public, authorities and regulators do not want it. Dead on arrival. Whatever the benefits.
Rationality is not always a strong point of political systems.

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Well here is politics at work to blow your opinion out of the water:

9/13/2021

The Illinois Senate has approved an overhaul of the state’s energy policy with an eye toward a carbon-free future, with a key part of the package keeping the Byron nuclear power plant operating just hours before Exelon Corp., the parent of Commonwealth Edison (ComEd), said it would begin shutting down the facility.

Senators voted 37-17 on Sept. 13 to approve the package. The legislation is supported by Democratic Gov. JB Pritzker, and at least for now provides a reprieve for Byron and the state’s other nuclear power plants. ComEd on Monday said it was now preparing to refuel its 2,300-MW Byron and 1,800-MW Dresden nuclear facilities; it had submitted decommissioning plans for the two plants with the Nuclear Regulatory Commission last year. The utility said it also will “move to immediately fill hundreds of vacant positions and resume capital projects required for long-term operation.”

The bill passed Monday contains almost $700 million over five years in carbon mitigation credits for three ComEd plants, each built more than 40 years ago. Exelon had said it was prepared to begin closing Byron as early as Monday. The company said it was ready to shut down the Dresden plant in November, and had said its 2,350-MW Braidwood plant also was at risk of closure.

At least five states, including Illinois, have set clean energy targets and have implemented credit programs to reward nuclear plants for providing zero-carbon electricity. Illinois in 2016 passed a law setting up 10 years of zero-emissions credits to Exelon’s Clinton and Quad Cities nuclear plants.

The bill in its current form goes beyond a bailout for the three nuclear plants, putting an emphasis on moving Illinois toward 100% carbon-free energy by 2050 as coal-, oil-, and gas-fired power plants close in the coming years. Supporters of the legislation have said it is key in the effort to combat climate change.

https://www.powermag.com/illinois-nuclear-plants-saved-by-la...

Jaak

P.S. - Of course the rate payers in Illinois will be paying higher electricity bills to pay for the subsidy to nuclear power plants.
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