Click below for story >
Nuclear power for Indiana?
By John Russell, john.russell@indystar.com, 7:25 a.m. EST January 15, 2014
Note: The bill has been withdrawn from consideration for the 2014 session of the Indiana General Assembly. This was probably in part due to the exposure it received from the story written by John Russell which ran on the front page of the Indianapolis Star.
[To read a copy of SB 302 visit http://iga.in.gov/legislative/2014/bills/senate/302/]
...
The Citizens Action Coalition of Indiana said CWIP financing has stung Indiana ratepayers in the Edwardsport case and should be avoided for nuclear plants.
"The only reason utility companies need CWIP is because those investments are too risky, too expensive, and Wall Street won't support them, similar to the Edwardsport (plant)," said Kerwin Olson, the group's executive director. "If an investment is sound, then CWIP isn't needed. If it's not a good investment for shareholders, why is it a good investment for consumers?"
...