Costs of Other State Nuclear Bailouts
$17.48-$29.15/MWh (rises every 2 yrs.)
$16.50-$20.50/MWh (rises every year after yr. 7)
(cost capped at ~$10/MWh)
3 yrs., up to 12 yrs.
~11 million MWh
81 million MWh
> $1.1 billion/yr
Subsidies to New York reactors are projected to total as much as $7.6 billion over 12 years (2017-2029).
Judson, Tim. “Too Big to Bail Out: The Economic Costs of a National Nuclear Power Subsidy.”
Nuclear Information and Resource Service. November 2016.
Illinois subsidies are projected to total $2.35 billion over 10 years (2017-2027). Daniels, Steve.
“How Exelon will keep getting bailout money in Illinois—whether it needs it or not.” Crain’s Chicago Business. August 2, 2017.
Connecticut subsidies could amount to $330 million per year, in five-year contracts.
Energyzt Advisors, LLC. “Financial Assessment: Millstone Nuclear Power Plant.” April 2017.
New Jersey subsidies are estimated to cost consumers $300 million per year, in extendable three-year periods.
The Board of Public Utilities must submit a report to the governor within ten years evaluating the costs and benefits of the program.
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