2016-07-11. Closing Diablo Canyon Nuclear Plant Will Save Money And Carbon.

posted Jul 16, 2016, 7:51 PM by Alan Gould
By Amory Lovins, Rocky Mountain Institute. For GSS Energy Use chapter 4. Excerpt: A widespread claim—that dozens of nuclear plants, too costly to run profitably, now merit new subsidies to protect the earth’s climate—just collided with market reality. ...Unlike previous nuclear shutdowns, some of which were too abrupt for immediate replacement with carbon-free resources, PG&E’s nuclear output will be phased out over 8–9 years, replaced timely and cost-effectively by efficiency and renewables. That means no more fossil fuel burned nor carbon emitted, all at less cost to ratepayers. How much less? Natural Resources Defense Council (NRDC) says at least $1 billion (net present value to 2044). ...The big economic lesson here is that nuclear power’s ability to displace fossil-fueled generation is not simply about tons of carbon dioxide saved. Nuclear power also incurs an operating cost that for many reactors, including Diablo Canyon, has become very high. ...  http://blog.rmi.org/blog_2016_07_11_closing_diablo_canyon_nuclear_plant_will_save_money_carbon