The cost of electricity | Arkansas Blog

Friday, March 12, 2010

The cost of electricity

Posted By on Fri, Mar 12, 2010 at 9:30 AM

Robert Johnston, a former state legislator and former chairman of the Arkansas Public Service Commission, offers commentary on newspaper reporting and comment on Entergy electric rates in Arkansas and the wisdom of more use of nuclear power generation (the expense that hung Arkansas in the first place with subsidizing Louisiana and Mississippi.)

LETTER TO THE BLOG

Irony:

DemGaz front page story on Entergy says it has billed AR ratepayers $4.5 BILLION  over the last 25 years, principally to pay for the Grand Gulf Nuclear Generating Plant in MS. On the editorial page, it says that nuclear  generation of  electricity is cheapest form of generation, only  1.9 cents / kwh.

The "econ professor" from  Univ. Mich. Flint cited in the editorial, who probably is paid by the nuclear power industry, conveniently does not include the total real costs of nuclear power – including risk of catastrophic deaths/injury plus long-term storage of wastes. 

The claims of nuclear proponents overlook, on purpose, the diseconomies of externalities –  socialization of costs but the privatization of profits. A true cost (not included) would be the commercial insurance against deaths and property damage from nuclear accidents, like Chernobyl or 3 Mile Island. The nuclear industry does not buy commercial insurance, but instead has induced the US government to provide catastrophic insurance. Welfare for the rich, who have highly paid lobbyists, is OK; welfare for the poor is bad.


Do you know where nuclear waste is stored? Almost exclusively in "temporary" storage pools on nuclear generating sites [e.g. in Arkansas and Mississippi].  This is one more instance of the electric power industry socializing the pollutants -- nuclear waste and coal gases -- onto  present and future citizens  while enjoying the privatization of the profits.

An error in the story on page 1A: the Dem Gaz  reporter  says in the 1st paragraph, "Entergy [CEO ] conceded.. that ..customers could again face millions of dollars added to their bills if a new cost-sharing agreement is reached.." (emphasis added). It is unclear from the story if the error is that of the CEO or the reporter but the correct word would be "BILLIONS."


Another irony: Buried dozens of paragraphs in the story on p. 9 is when the Entergy CEO, who is hired -- and could be fired --  by the New Orleans parent company,  admitted his pay and bonuses are determined by them but claims Entergy Arkansas is "independent."

Robert Johnston
Little Rock


Sign up for the Daily Update email
Favorite

Comments (14)

Showing 1-14 of 14

Add a comment

 
Subscribe to this thread:
Showing 1-14 of 14

Add a comment

More by Max Brantley

Readers also liked…

  • Arkansas: Land of .......

    Welcome to Arkansas: Land of cowardly politicians, discriminatory laws, inhumane turkey drops and lots and lots of Trump voters.
    • Oct 8, 2016
  • Arkansas Supreme Court refuses to rehear invalidation of marijuana act

    The Arkansas Supreme Court today denied a request to rehear its decision invalidating Issue 7, the medical marijuana initiated act.
    • Nov 3, 2016
  • Campus gun bill clears committee

    The so-called compromise amendment that will allow anyone 25 or older with a training certificate carry a concealed weapon on public college campuses was approved in a Senate committee this afternoon.
    • Feb 21, 2017

Most Viewed

Most Recent Comments

  • Re: The Saturday line

    • "rabid dogs" Only serves to validate the original criticism of Drumpf's "animal" quip & the…

    • on May 20, 2018
  • Re: 10 dead in Texas high school shooting

    • Kinda proves the point, jhudd, they didn't believe in evil, but there it was, for…

    • on May 20, 2018
  • Re: The Saturday line

    • Well, considering how most of the media has behaved over Trump's comment, rabid dogs is…

    • on May 20, 2018

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation