Citizens Against Nuclear Bailouts Press
Keep up with CANB in the news. Browse our recent press statements from our fight against a nuclear bailout in Pennsylvania.
Citizens Against Nuclear Bailouts issues statement on Gov. Wolf’s energy policy announcement
HARRISBURG, Pa. (Oct. 3) – Citizens Against Nuclear Bailouts — a diverse coalition of Pennsylvania citizens groups, power generators, and energy, business and manufacturing associations — has issued the following statement in response to Pennsylvania Gov. Tom Wolf’s announcement related to the state’s energy policy.
Any major policy shift to insert government mandates and subsidies into the state’s energy policy must be approached with transparency and robust debate, with input from all stakeholders and an evaluation of the long-term impacts on Pennsylvania ratepayers.
Pennsylvania is admired nationwide for having a successful, competitive energy marketplace that drives down consumer electricity prices, encourages investments in new and more efficient power generating resources, and empowers ratepayers to choose their energy providers. Deregulation also places the financial risk on the power generators, not the ratepayers.
As a result, Pennsylvania businesses and residential ratepayers have benefited greatly from electricity prices that are consistently below the national average, and the commonwealth has benefited from a strategic advantage in attracting new economic growth and job creation opportunities.
Additionally, investments in innovation and new technology made by the private sector, without government mandates and subsidies, drive significant environmental improvements, including reductions in greenhouse gas emissions from power generation.
According to an Energy In Depth report, Pennsylvania’s total carbon emissions from electricity generation decreased by nearly 30 percent from 2005 to 2015. These results are driven by the private sector. Individual companies are setting aggressive sustainability goals and improvements to limit carbon emissions.
We encourage policymakers to let the competitive market continue to work as it has in Pennsylvania, attracting investment, driving innovation, and significantly benefiting consumers and the environment.
Citizens Against Nuclear Bailouts issues statement on Three Mile Island closure
HARRISBURG, Pa. (Sept. 20) – Citizens Against Nuclear Bailouts — a diverse coalition of Pennsylvania citizens’ groups, power generators, and energy, business and manufacturing associations — has issued the following statement in response to Exelon Generation’s official closure of its Three Mile Island nuclear generating facility.
While we are sympathetic to the impacts on the employees and the surrounding community as a result of Three Mile Island's (TMI) closure, Exelon Generation made the boardroom decision to begin the decades-long decommissioning process at its TMI nuclear generating facility rather than investing the corporation’s billions of dollars in profits to support the plant, community and employees.
As Exelon officially powers down Unit 1 on TMI, we are reminded that for-profit nuclear energy corporations can make business decisions without government bailouts.
Despite an independent report that projects the remaining nuclear power generation facilities in the state will remain profitable through at least 2028, we fully expect the nuclear bailout debate will continue throughout the fall legislative session.
Pennsylvania is admired nationwide for having a successful, competitive energy marketplace. We remain confident that our legislative leaders will continue to protect these markets and not follow in the footsteps of other states who have since expressed regret.
Citizens Against Nuclear Bailouts issues statement on Three Mile Island auction
HARRISBURG, Pa. (May 30) – Citizens Against Nuclear Bailouts — a diverse coalition of Pennsylvania citizens’ groups, power generators and energy, business and manufacturing associations — released the following statement today in response to Exelon’s announcement that it plans to close the Three Mile Island (TMI) nuclear power plant in 2019:
Today’s announcement by Exelon to close TMI is unfortunate for the employees and local community; however, it does not change the fact that Pennsylvania ratepayers should not have to pay to bail out an outdated nuclear facility. Lawmakers created a deregulated electricity market that has delivered low energy costs for all Pennsylvania consumers.
The decision to close TMI is a direct result of Exelon’s failure to adapt to the changing market conditions after the nuclear industry received nearly $9 billion from ratepayers for transitional costs to prepare for Pennsylvania moving to a competitive electricity market.
A bailout of the nuclear industry may temporarily extend the lifespan of TMI for a few years, but the negative effect of higher energy costs as a result of a bailout would have a major impact on all energy users, including senior citizens, manufacturers, small businesses and many others.
Last year, legislation was rushed through in Illinois that burdens ratepayers with the obligation to provide Exelon with $235 million per year in subsidies to prop up its nuclear power generation facilities in the state. The nuclear industry in New York will receive about $7 billion over 12 years, assuming the industry can keep its three financially distressed nuclear power plants in operation.
The closing of TMI will not impact electric supply, and the grid will remain reliable. PJM Interconnection confirmed this year that the electricity grid for its 13-state region has a stunningly high reserve margin of 42,000 megawatts of excess capacity — TMI currently produces approximately 837 megawatts of power.
The bottom line is that Pennsylvania ratepayers should not endure higher electricity bills to bail out aging nuclear plants that can no longer compete and leave behind a legacy of nuclear waste.
Nuclear bailouts benefit shareholders, not PA ratepayers
Citizens Against Nuclear Bailouts urges lawmakers to see through report; protect competition, ratepayers from harm of nuclear energy bailout
HARRISBURG, Pa. (Nov. 29) – Citizens Against Nuclear Bailouts — a diverse coalition of Pennsylvania citizens’ groups, power generators, and energy, business and manufacturing associations — has issued the following statement in response to a “Save Nuclear” rally held at the Capitol today.
While we can empathize with the individuals who gathered to support clean energy and jobs, the truth of the matter is the nuclear industry is not going away in Pennsylvania, and there is no need to threaten lawmakers.
Former PJM Interconnection chief economist Paul Sotkiewicz released a report detailing his research around the high profitability of four of the five Pennsylvania nuclear power generators through at least 2028.
The report, titled Market and Financial Position of Nuclear Resources in Pennsylvania, offers a 10-year outlook that shows Pennsylvania nuclear power generators are projected to make more than $3.4 billion in profits. Should Three Mile Island continue to operate at a loss for that same 10-year time period, the total industry profits over 10 years would be $2.9 billion.