You want to talk economics? Lets talk economics.
1. Wind/Solar/Geo/Hydro gets a Production Tax Credit (PTC).
This PTC accounts for 87% of the federal finance support that Renewables get.
2. This PTC for Renewables was blocked year 2000, 2002, 2004, and for the first three months of 2008.
3. For 2009, the Renewable PTC was blocked 8 times so far by Republican Senators (Like John McCain)
4. The PTC generally only gets approved for 1 year at a time, sometimes 2. And has to get reapproved all over again the next year. (Usually within weeks of the last possible moment to vote on it)
1. Nuclear gets a pretty beefy amount of subsidies annually. Solar and Geothermal hardly get anything by comparison.
2. PTC secured for 8 years
3. Federal Loan Program 3x larger than the entire rest of the electric power industry combined
4. A 2 billion dollar cost overrun fund for the first six plants.
5. More than half of the DOE’s energy related R&D fund (for the past decade, and the past half century)
And it's still begging for more.
6. Hasn’t payed a thin dime to deal with high level waste since 1998 due to lawsuits that Yucca Mountain isn't open yet. Even though new cost estimates have found Yucca mountain costs over 3x what they previously thought.
7. Profits budgeted for the plant decommissioning have Zero income tax.
8. And I'm pretty sure some Federal Power Purchase Agreements, favorable transmission, and debt recovery/waiving in there too.
9. Both in the McCain-Lieberman and Lieberman-Warner Cap and Trade bills, McCain insisted on gigantic Half-Trillion dollar handouts the the Nuclear power industry. (It should also be noted, the McCain-Lieberman bill was a rather pathetically weak climate bill. And that McCain might even be backing out of supporting Cap&Trade entirely)
(This of course doesn't include the annual 9 billion for
Nuclear security, 2 billion for administrative, and who knows how much for
After all that,
Nuclear power can't get a single dime of PRIVATE capital financing for new power plants.
(Slow return rate, High loan default risk, and Large investment increment, exactly what open competative markets hate.)
And it still costs orders of magnitude more than Baseload SolarThermal, and Baseload GeoThermal.
$6000-8000/kW for Nuclear
$2000-4000/kW for Baseload GeoThermal/SolarThermal
It should be no wonder that asside
Nuclear power just can't survive in a competitive open market.