REPORT: Nuclear Plants Boost Economy, Keep Rates Low, Help Environment

July 14, 2015

Nuclear power plants remain an important part of the nation’s – and Arizona’s – economy, according to a report released July 7 by The Brattle Group, highlighted in the Phoenix Business Journal.
 
In our backyard, the Palo Verde Nuclear Power Plant generates $1.8 billion in Arizona through taxes, salaries, and goods and services purchased from suppliers. Palo Verde also has been the nation's largest power producer for 23 straight years.
 
Nuclear generation prevents 573 million tons of carbon dioxide emissions each year in the U.S. It also helps keep energy prices low. The Brattle report states that if nuclear were to be removed from the generation mix, retail electricity rates would increase 6 percent on average.
 
“The economic and environmental benefits of nuclear energy are often undervalued in national and state energy policy discussions,” said Dr. Mark Berkman, Brattle Principal and co-author of the report. “It is even more critical to consider the significant value of U.S. nuclear plants in a landscape where several factors threaten some nuclear facilities and could diminish the industry’s contribution to our electricity supply, the economy, and the environment.”