Bill Grant: Nuclear power revisited: The elephant in the room | StarTribune.com - 0 views
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Energy Net on 28 Sep 09There's still nowhere to put that toxic waste Nuclear electricity is affordable and emission free People opposed to nuclear energy applications point to the high initial price tag of enormous nuclear generating facilities that can … read more provide enough reliable electricity for several million people; they often overlook the resulting low cost per unit of power when spread over that large market. There are 104 nuclear plants operating in the US today. Many of us who are old enough to remember the controversies surrounding their construction can remember how many times we were told that nuclear power plants are frighteningly expensive and that they always cost more than predicted. We even remember that electrical power prices often increased immediately after the plants went into operation due to the effect of adding those big, expensive plants into the utility rate base. What many people who consider "news" media to be their only information sources rarely understand, however, is that the 104 plants currently operating provide the US with 20% of its electric power at an average production cost of about 1.8 cents per kilowatt hour. They also do not understand that after a few decades of operation and revenue production, the initial mortgages on those plants are largely paid off. The best information of all, which is not really "news" and does not get regularly published on the front page, is that the plants still have at least 20 years of life remaining during which they can produce emission free, low cost power. The companies that own the plants and their stock holders understand the economics pretty well; that is why 18 applications for 25 new plants have been turned into the Nuclear Regulatory Commission already with more in the pipeline. All of the used fuel - what some people call waste - is being carefully stored in a tiny corner of the existing sites, just waiting to be recycled into new fuel. It still contains 95% of its initial potential energy, but
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Energy Net on 28 Sep 09There's still nowhere to put that toxic waste Nuclear electricity is affordable and emission free People opposed to nuclear energy applications point to the high initial price tag of enormous nuclear generating facilities that can … read more provide enough reliable electricity for several million people; they often overlook the resulting low cost per unit of power when spread over that large market. There are 104 nuclear plants operating in the US today. Many of us who are old enough to remember the controversies surrounding their construction can remember how many times we were told that nuclear power plants are frighteningly expensive and that they always cost more than predicted. We even remember that electrical power prices often increased immediately after the plants went into operation due to the effect of adding those big, expensive plants into the utility rate base. What many people who consider "news" media to be their only information sources rarely understand, however, is that the 104 plants currently operating provide the US with 20% of its electric power at an average production cost of about 1.8 cents per kilowatt hour. They also do not understand that after a few decades of operation and revenue production, the initial mortgages on those plants are largely paid off. The best information of all, which is not really "news" and does not get regularly published on the front page, is that the plants still have at least 20 years of life remaining during which they can produce emission free, low cost power. The companies that own the plants and their stock holders understand the economics pretty well; that is why 18 applications for 25 new plants have been turned into the Nuclear Regulatory Commission already with more in the pipeline. All of the used fuel - what some people call waste - is being carefully stored in a tiny corner of the existing sites, just waiting to be recycled into new fuel. It still contains 95% of its initial potential energy, but