“California’s largest utility and environmental groups announced a deal Tuesday [June 21] to shutter the last nuclear power plant in the state.” This statement from the Associated Press reporting about the announced closure of the Diablo Canyon nuclear power plant should startle you. The news about shutting down California’s last operating nuclear power plant, especially after Pacific Gas & Electric Co. (PG&E) had sought a 20-year extension of the operating licenses for the two reactors, is disappointing—not startling. What should pique your ire is that the “negotiated proposal,” as the Wall Street Journal (WSJ) called it, is between the utility company and environmental groups—with no mention of the regulators elected to insure that consumers have efficient, effective and economical electricity.
By now, most people are aware of President Obama’s 2008 campaign promise to bankrupt the coal industry—which he acknowledged would “necessarily” cause electricity to skyrocket. That is a campaign promise he is keeping.
TweetEarlier this month, two Ohio economists published a paper downplaying the economic impacts of natural gas drilling in Ohio. They argued that optimistic employment projections should be shifted downwards and[…]