President Obama in his last State of the Union Address, proposed a Nuclear Renaissance of new Nuclear Power plants to be built in the US as a part of a plan to have 85% of our energy derived from clean sources. He states that Nuclear Power is in fact safe and clean and that the US will do everything within its power to jump start the renaissance. Including providing billions of dollars in subsides and guaranteed loans for private companies to jump into the game. The estimated cost to build and maintain a nuclear power plant according to the US department of energy is 144.6 billion dollars (1990 dollars). The total estimate given for building and operating Yucca Mountain according to the Congressional Budget office has costs an estimated 96.2 billion dollars.
This nuclear renaissance is going to costs tax payers billions upon billions of dollars to simply build and operate. If a disaster were to occur like the ones at Fukushima, Chernobyl, and Three Mile Island. The costs to local Governments will exceed a conservative estimated of 11 Trillion dollars.
With 26 proposals of new Nuclear Plants to be built in the US as of today, will the costs to bring this renaissance upon the American people be worth it?
This nuclear renaissance is going to costs tax payers billions upon billions of dollars to simply build and operate. If a disaster were to occur like the ones at Fukushima, Chernobyl, and Three Mile Island. The costs to local Governments will exceed a conservative estimated of 11 Trillion dollars.
With 26 proposals of new Nuclear Plants to be built in the US as of today, will the costs to bring this renaissance upon the American people be worth it?
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