Hydro and Nuclear to Pocket Big from US bill

1 September 2009 (Last Updated September 1st, 2009 18:30)

A report in the Washington Times today says the almost half of the US nuclear power and the nation’s hydroelectric stations will be able to charge more if the current proposed climate-change bill passed as legislations in June becomes law. Nuclear stations in states with unregulated ene

A report in the Washington Times today says the almost half of the US nuclear power and the nation’s hydroelectric stations will be able to charge more if the current proposed climate-change bill passed as legislations in June becomes law.

Nuclear stations in states with unregulated energy markets will be able to charge more than they already do for power as competing fuels become more expensive under the bill, a spokesman from a US advocacy group said.

Public Citizen director of energy program Tyson Slocum said a raise in price will obviously mean a raise in profit for nuclear providers, working with the same cost overheads.

Coal-powered stations will be required to pay for emissions under the bill, making energy more expensive, meaning the US’ 104 nuclear stations will be more cost efficient option.