Academic Seeks Subsidies For Texas Nuke Plants, Wants Texas To Follow Jobs-Hemorrhaging Illinois
January 23,2017
In an op-ed published in the San Antonio Express-News, Bernard L. Weinstein, an adjunct professor of business economics at Southern Methodist University, calls for Texas to follow the "example" of Illinois and adopt RPS-style subsidies for nuclear plants
Illinois lost 16,700 jobs in December alone, according to data from the Illinois Department of Employment Security.
Since the start of 2015, Illinois has lost 14,100 manufacturing jobs, the highest losses of any nearby states, per BLS data
It was unclear how Weinstein's proposed subsidies would be implemented. Weinstein notes that in Illinois, the "state" procures the nuclear energy credits; however, costs are recovered on the nonbypassable distribution side of a customer's electricity bill -- a distinction which is not applicable in Texas where competitive forces set all-in electricity prices. Barring a dedicated tax (paid into the general fund or lockbox), it would likely be retail electric providers who must pay for the nuclear subsidies