January 16, 2010
If you can spare a few hours to help blitz Iggy’s riding (Etobicoke-Lakeshore), let me know – we’re about 85% complete! This is what we’re distributing door-to-door: http://ontariosgreenfuture.ca/CostlyNukes_12_09.pdf
And if you haven’t already sent a form-email to Harper and the other federal leaders expressing your opposition to federal subsidies for nuclear power, please do so now – it’ll just take you 1 minute and you’ll feel great:
New Brunswick has dealt another blow to Ottawa's attempt to sell troubled Atomic Energy of Canada Ltd., threatening to launch a messy lawsuit over delays to AECL's refurbishment of the Point Lepreau nuclear station unless Ottawa agrees to cover the province's related costs.
Bruce Power LP, Canada’s only closely held nuclear-plant operator, shut 770-megawatt Unit 4 at its power station in Ontario last night.
The unit tripped offline after 11 p.m. during safety system tests and will be off for a “short duration.” Power won’t be restored today to Unit 4 or Unit 3, which has been idled for valve maintenance since Jan. 7.
A combination of financing setbacks and waning of public demand is likely to put U.S. nuclear energy plans on hold, experts said Wednesday.
- Rising Costs
- Financing Pinch
- Safety Concerns
According to the Canadian Nuclear Safety Commission's (CNSC) Commission Members Document CMD09-M54, OPG is reporting a significant shortfall in their funding liability to decommission their nuclear facilities like reactors and waste management sites.
After being caught several years ago by the provincial auditor of using those special funds for capital projects, those funds then were set aside in a special trust account that was proposed to grow through contributions and investment income to an estimated 26 Billion dollars to cover those liabilities.
OPG tried to speed up the growth of that fund through high-risk investments and got caught in the stock market crash in 2008. Even in 2009 the loss amounted to $785 million and is projected to lead to a shortfall of one and a quarter Billion dollars by next year.
Go to the government and ask for a handout of taxpayers' money, a cool one and a half Billion as a guarantee that the money is going to be there when needed.
The existing Provincial Guarantee of $760 million was supposed to expire at the end of this year as ' it was projected that the value of the funds would exceed the decommissioning liability at that time and that the Provincial Guarantee would no longer be required.' (Page 1 of CMD09-M54).
Now then OPG needs almost twice the amount and taxpayers who almost all are ratepayers, too, will be bilked twice - that is unless OPG is luckier in their investment portfolio than before.
Want to make a bet??
S. (Ziggy) Kleinau,
Citizens For Renewable Energy (CFRE)
Check out the Physicians for Social Responsibility nuke website:
If you haven’t seen it yet, you MUST watch this classic NFB documentary from 1990:
This documentary looks at the hazards of uranium mining in Canada. Toxic and radioactive waste pose environmental threats while the traditional economic and spiritual lives of the Aboriginal people who occupy this land have been violated. Given our limited knowledge of the associated risks, this film questions the validity of continuing the mining operations.
Scary disasters, frightening incidents and bad economics combine to form a frightening image of the nuclear energy industry.
Wind generation in Ontario rose by more than 60 per cent over the previous year, up to 2.3 terawatt hours (TWh) in 2009. At the same time, output from Ontario’s coal-fired plants dropped to 9.8 TWh, the lowest output in 45 years.
President Obama unveiled a program Friday that will provide $2.3 billion in tax credits for the clean energy manufacturing sector, a move aimed at creating 17,000 jobs.
The credit is focused on U.S. manufacturing of clean energy technologies such as solar and wind. Obama has said he wants to double the amount of renewable energy the United States uses over the next three years.
In addition to the federal funding, private firms are investing $5.4 billion, which will create 41,000 more jobs, the White House said.
Five billion dollars was included in the economic stimulus legislation for the US Weatherization Assistance Program, the federal program started in 1976 to help low-income families. And more recently the president has proposed a “cash for caulkers” incentive program for homeowners. The Department of Energy estimates that for every dollar invested, weatherization returns $1.65 in energy-related benefits and $1.07 in other benefits like reducing pollution and unemployment.
Residential solar leases offer a no-money-down, low-monthly plan that makes solar electricity cheaper than the stuff we get by wire -- and you don't have to buy the panels.
"Go solar for $0 down. Now you can afford to go solar without the high initial cost of installing a system. Instead of buying the equipment, you simply lease it."
Demand for electricity is dropping in Ontario because people are getting the message that conservation works - and not just because the bottom dropped out of the economy, the World Wildlife Fund says.
``Energy conservation is never going to be sexy,'' Keith Stewart, climate change co-ordinator for the WWF, said. ``But it's the thing that's going to save us the most money and that's best for the environment.''
Stewart pointed to a report released in late December by the Independent Electricity System Operator, which predicted Ontario will only need 23,000 MW of electrical generation in 2018, 8,000 MW less than a predicted 31,000 MW in 2004 - a significant drop that could mean the province doesn't need to build expensive nuclear power plants any time soon.