Seungjin Kim: Here’s how to forge a resilient energy belt

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  1. Nuclear’s been at 20% generation nationwide for decades – mainly because of entrenched energy industries undermining renewables and, most importantly, the build out of the distributed grid, and coal-fired retirements. Wholesale markets even required a huge nuclear bailout (paid for by ratepayers) because they couldn’t compete. And they were bailed out again when they became uneconomic with the advent of renewables. Nuclear has been and will continue to be a financial disaster. SMRs will be no different, requiring billions in taxpayer and ratepayer bailouts like the IN General Assembly’s battery of SMR subsidy legislation.

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