Legalectric

PSEG has announced that they have filed an “Early Site Permit Application” with the Nuclear Regulatory Commission:

PSEG Power and PSEG Nuclear file Early Site Permit Application

It’s now on the NRC website:

http://www.nrc.gov/reactors/new-reactors/esp/pseg.html

The Press Release says:

The preferred location for a potential new
plant would be adjacent to PSEG Nuclear’s Salem and Hope Creek
Generating Stations now in operation in Lower Alloways Creek, Salem
County.  The site is currently the second largest nuclear facility in
the United States.

That’s right across the river from us in Port Penn, Delaware…

And let me get this straight, they think this can fly?  Who would finance it?  Who would buy it?

• Energy prices are at an all time low, peak demand is at an all time low.

1. PJM State of the Market Report 2009 – Marketing Analytics
2. PJM State of the Market Report 2010 (1Q) – Marketing Analytics
   

• On the other hand, nuclear, NEW nuclear, is at an all time high, the capital cost is well over $6,500/kw.  Unless it’s subsidized 100% by ratepayers, who could afford it — anything is easy to afford if someone else pays, so…

What planet are they on?