Eat the Bugs Update: Nuclear for We and Not for Thee, Peasants

AP Photo/Pat Sullivan

If you ever - EH-VAH - harbored any lingering doubts in your tenderhearted soul that we live in a "them and us" world of a globalist elite cabal and everyone else, I am going to dispel that illusion once and for all for you.

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Well, okay. Actually, I'M not going to - the cabal is going to do it for me. I'm merely going to line up the "them" and the "us" pictures to clarify and crystalize where the dividing lines are.

Back towards the end of September, I told you about what seemed to be a momentous announcement on the nuclear energy front - the rejuvenation and restart of the legendary Three Mile Island nuclear plant. It sounded like a real boon for the troubled East Coast energy grid thanks to short-sighted, climate cult governors and utility boards hurtling towards the energy impoverishment of their citizens. They are facing certain and self-imposed disasters all in the service of achieving arbitrary, bull-Schlitz 'NetZero' goals.

What a headfake it turned out to be.

Yes, Three Mile Island will glow again, but every last drop of juice will go not to illuminate and warm homes in Teaneck or the Catskills - it will all belong to Microsoft, who is financing the venture for their incoming data center plans.

...Use nearby available power generation resources that are sitting idle...and who cares why they shut down in the first place? Gates needs them now.

FIRE UP THOSE BIG, BEAUTIFUL TOWERS

Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI

Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense energy needs of the tech sector as they build out data centers to support artificial intelligence.

Tough luck for Tri-State area residents with their lunatic governors, heat pump mandates, war on natural gas-fired electrical plants, and their love affair with wind turbines at sea.

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Now Gaia-loving Gates already had his fingers in the nuclear pie, so to speak, having invested in start-up TerraPower back in 2008, then breaking ground on their first nuclear power plant site in Wyoming this year.

Microsoft, whatever they espouse publicly, isn't leaving it up to tornado and hail storm bait solar farms or exploding wind turbines.

Neither is Google, oddly enough. 

The wind turbines in the mock-up are so cute, aren't they? You'll notice they're spinning, as they often do not do.

Lucky for Google - unlike you - the company will have SEVEN  cute little nuclear reactors to run whatever their little evil hearts desire.

Again, unlike you when you need that effin' mandated heat pump cranking to keep your house tepid inside when it's 28° outside, Google's power sources will be reliable and 24/7.

SUCK IT UP, PEASANT - THE SEARCHES AND TERRIBLE SUMMARIES MUST FLOW

Sensing a trend yet? You should be.

Oh, gosh. Big nuclear news today. Guess who and not you?

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...Amazon is investing in X-Energy and joining Washington-based nuclear operator Energy Northwest to deploy nuclear energy in a planned 5 GW fleet by 2040. 

After Amazon and its pears claimed for years to be using "100% Renewable power", it has become an open secret that this has only worked because of heavy use of steady nuclear, natural gas, and coal power bought as "gray energy" and taken from the local power grid. 

An announcement ceremony is happening in Washington DC now.

!! SURPRISE !!

Yet another totally woke, earth-friendly, eat-the-bugs advocating, in-your-face climate cult charter member tech giant admits that renewables cannot cut the mustard for reliable and sufficient electricity generation. How nice they have the wherewithal to build their own nuclear reactors. Problem solved! 

At the same time, they continue to righteously lecture on what's acceptable behavior and proselytize the Green Gospel about how YOU, the knuckle-dragging Luddites, need to live even as they sell you crap in the most efficient way possible for them.

I once told you all the story of the Georgia Vogtle nuclear plant, the newest nuclear reactors constructed and to come online in the US. Unit 3 fired up in July of last year, and Unit 4 this past February. It had taken fifteen years and cost $36.8B - twice as much time and money thanks to repeated government interference with change orders and overruns. It bankrupted Southern Company, which is how we wound up with Florida Power & Light here in Pensacola. SouthernCo had to sell them our branch.

I guarantee you that nothing of this magnitude will ever happen to any of the powerhouse tech companies unless another company with the name "Musk" on it asks for permits to build one.

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There will be little privately branded, privately owned reactors popping up everywhere for the favored classes among us.

Meanwhile, in places like, say, New Jersey, where a rodential chief executive is both drunk on power and desperate to shove off-shore wind turbines and his Green fever dreams down his citizens' throats (costs and consequences be damned), the resistance is marshaling their forces as never before.

Then again, they have some hard data to share about the complete lack of benefits to both the NetZero fantasies of the governor and the slamma-jamma to ratepayers of the state that this boondoggle is fixin' to bring.

For one thing, because of inflation and the wind industry's problem with "quality control," wind development is not as lucrative as it was two years ago. Developers have been pulling out of projects wholesale, not bidding for new leases, or asking utility boards for renegotiated rates on existing agreements. You can read that last as "screw the ratepayers" and that is exactly what is happening with Gov Phil Murphy's last gasp shot at the Atlantic Shores 1 & 2 projects. 

The feds just approved the project (with some havey-cavey stuff going on there, probably panic-induced at the thought of a Trump victory) at the beginning of this month. Now, the utility board gets to hammer out numbers to make it all pay off for the developers. There had already been agreements in 2021 that the projects were eligible for Offshore Renewable Energy Credits (ORECs) for power. In light of delays and other projects' booms and busts (NTM being NJ), the NJ Board of Public Utilities (BPU) is revisiting the Atlantic Shores 1 (AS1) & 2 (AS2) credit allowances. 

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Someone ran the numbers instead of trusting the state, the developers, and the feds. 

Technically *winkwinknudgenudge* the BPU is "supposed" to "protect ratepayers" first and foremost. That's their job description.

SO BEND OVER, NEW JERSEY

...On March 6, 2024 the BPU announced a proposed Fourth Solicitation seeking bids for an additional 1200-4000 MW of offshore wind capacity. In this solicitation, in addition to receiving bids for new projects, BPU has allowed companies who were awarded ORECs in the First or Second Solicitations to rebid those projects and receive new awards which would supersede the existing OREC prices. Since new awards to AS1 or AS2 will undoubtedly result in higher ratepayer subsidies than those already approved, it is appropriate to estimate the ratepayer impact of any such awards and whether such an action by BPU would comply with the Offshore Wind Economic Development Act (OWEDA) which imposes mandates on the BPU meant to protect ratepayers. That is the purpose of this report. 

Based on the expected OREC prices and terms of any new awards, the following are the major findings and conclusions which are detailed in the report: 

Ratepayer Impacts 

• If the AS South (AS1 and AS2) projects are awarded new OREC contracts, NJ ratepayers will be required to pay triple the market price for power from those facilities, from $122-197/MWH higher. This represents a much higher ratepayer subsidy than that associated with the existing AS1 OREC prices. 

• The AS South ratepayer subsidy will total $32 billion over the life of the facility and the 2024 present value (PV) of these above market ratepayer costs is $20 billion.

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That's just the introduction of the report. To begin building this out, the state has to agree to as much as triple the already outrageous OREC prices agreed to in the original contract with developers.

This in a state where utility prices are already through the roof.

New Jersey residents have been bracing for higher electric bills since the state Board of Public Utilities approved rate hikes back in February.

Now the first bills reflecting those power rates have arrived, and homeowners are finding the change, in a word, shocking.

The base rate increases approved by the state ranged from about 3% to 9% and took effect on June 1. But that was the start of a hot, steamy month that ended up the second-warmest June in New Jersey history. And after an unusually cool June in 2023, the year-over-year comparison has been eye-opening.

"I have JCP&L and my bill is $782????" demanded one Parsippany resident on a local town page on Facebook. "Can this be right? I have an average-sized house!!!"

Why are they so high?

Because of ill-planned, based on bogus Science™elitest, globalist Green fever dream schemes - the same ones inflicting misery from California to New Jersey to Massachusetts and in between.

...Murphy champions New Jersey’s move to windmills and solar panels at the expense — literally and figuratively — of fossil fuels and the complete disregard of nuclear power. The estimated cost of his plan is $40 billion, yet the Murphy administration has not been honest about the cost to citizens.

In 2022, the BPU released a study declaring that ultimately the Energy Master Plan would result in lower costs for New Jersey residents. The study only looked at the end-result potential monthly bills for residents who fully electrified their lives. It did not consider any capital costs associated with reaching that point.

First, consumers have to pay to switch from natural gas to electric appliances for their heat, cooking and car charging. Then, due to this increased electric flow to the house, homeowners will need to pay more out-of-pocket costs to rewire their homes to bear the exponential volume of electricity powering their daily lives

The Murphy administration could have told the truth, helped you prepare, even tried to explain or justify the higher costs. Instead, they let you find out the truth when you opened up your power bill in July.

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Shut up, Parsippany peasant person - no nukes for you!

Here.

Have a bug.

Soon, you'll be able to search for bug types reliably on your PC, thanks to Microsoft. Google AI will ensure terrific bug pictures, and Amazon will always have power to get them to you, even if you're in the dark.

They never will be.

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David Strom 3:20 PM | November 15, 2024
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David Strom 12:40 PM | November 15, 2024
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