Biden administration finalizes a $1.1 billion aid package for California's last nuclear power plant
apnews.com
The Biden administration has finalized approval of $1.1 billion to help keep California’s last operating nuclear power plant running.

cross-posted from: https://lemmy.world/post/10870837

"President Joe Biden’s administration on Wednesday finalized approval of $1.1 billion to help keep California’s last operating nuclear power plant running. "

Because renewable energy sources are too expensive?

  • EmilMEnglish
    83·
    10 months ago

    Nice framing, but that’s a whopping 1.2 cents in financial aid per kWh.

    Sounds like great deal actually.

    • lettruthout@lemmy.worldOPEnglish
      16·
      10 months ago

      Of course it’s a good deal - for the companies involved. They get to socialize the costs, while privatizing the profits.

      The rest of us pay for this, and get a legacy of radioactive waste, and a delay in the inevitable transition to renewable power.

      For anyone paying attention, this is just one more example of how the nuclear industry has failed economically.