May 13 NEC Energy News
¶ “Six Years Late And 250% Over Budget: Georgia’s Newest Nuclear Plant” • The Municipal Energy Authority of Georgia, announced that the Vogtle 3 and 4 nuclear generating stations approaching completion in that state are now likely to cost roughly $34 billion. They were originally estimated to cost $14 billion and be operational in 2017. [Oil Price]
¶ “Household Energy Bills Could Rise Even MORE To Cover Costs Of Building New Nuclear Plants” • Britons already struggling to pay their energy bills may be asked to have to pay even more to fund the Government’s nuclear power push in the form of a new monthly levy, according to Business Secretary Kwasi Kwarteng. [Daily Mail]
¶ “Fight Fascists And Save Money: Go Electric” • The price of a gallon of gasoline is surging, straining drivers’ pocketbooks. At the pump prices seem extreme, but we’ve been here before. Gas prices were similarly high in 2006, 2008, and for a while after 2011. For US consumers, a switch from fossil fuels to electricity is one solution. [CleanTechnica]
¶ “As Water Runs Short In California, Commission Rejects $1.4 Billion Desalination Plant” • As a water crisis looms in California, the state’s coastline protection agency unanimously rejected the development of a $1.4 billion desalination plant in Huntington Beach that would have converted ocean water into municipal water for Orange County residents. [CNN]
¶ “Saving The Books And Cooking The Planet” • Oil and gas companies are increasingly using mergers and acquisitions to offload emissions from their balance sheets and meet corporate climate targets without actually reducing emissions, according to an Environmental Defense Fund report that examined mergers and acquisitions in 2017 through 2021. [CleanTechnica]
¶ “US Distributed Wind Energy Potential Can Meet Half Of National Electricity Demand” • A study funded by the Wind Energy Technologies Office used highly detailed data and new modeling techniques to identify sites with the highest potential for distributed wind energy. Distributed wind has nearly 1,400 GW of economic potential. [CleanTechnica]
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