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Energy Net

Nuclear Warhead Pits May Come to Augusta Area | Georgia Public Broadcasting - 0 views

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    Federal officials are pursuing the Savannah River Site as the location for two controversial projects that would bring the pits, or cores, of U.S. nuclear warheads -- and several tons of plutonium -- to the Augusta area. The decision means the federal government is moving closer to transporting the plutonium from Texas to SRS -- possibly through Georgia -- and then storing it there until it can be converted into nuclear fuel for commercial power plants. The U.S. Department of Energy has for years been considering SRS, a massive federal entity near Augusta that processes nuclear materials, as the location for the projects.
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    Federal officials are pursuing the Savannah River Site as the location for two controversial projects that would bring the pits, or cores, of U.S. nuclear warheads -- and several tons of plutonium -- to the Augusta area. The decision means the federal government is moving closer to transporting the plutonium from Texas to SRS -- possibly through Georgia -- and then storing it there until it can be converted into nuclear fuel for commercial power plants. The U.S. Department of Energy has for years been considering SRS, a massive federal entity near Augusta that processes nuclear materials, as the location for the projects.
Energy Net

Nuclear bailout, part two: the price of power - 0 views

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    "In January of next year, Georgia Power customers will begin to pay for new nuclear reactors. This is the second part of a series investigating the financial and environmental implications of the Plant Vogtle expansion. The first part of the series discussed how federal tax dollars were being used to subsidize the development of the nuclear industry. Beginning in January 2011, most Georgia Power customers will see an increase in their electric bill. It will start small, about $1.30 per month. Over the next several years it will increase, until 2017, when residential and small business ratepayers are coughing up an additional $9.10 or more per month."
Energy Net

AFP: Obama resubmits US-Russia nuclear energy pact to Congress - 0 views

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    "President Barack Obama on Monday resubmitted a US-Russia nuclear energy cooperation pact to Congress, after the deal fell into limbo following Moscow's conflict with Georgia in 2008. The agreement will allow US and Russian companies to form joint ventures in the nuclear sector and gives the go-ahead for exchanges of nuclear technology between the two countries. Agreed between US president George W. Bush and Russian president Vladimir Putin in 2007 and signed the following year, the agreement was never approved by the US Senate and was pulled from consideration as relations with Moscow worsened after the Georgia war."
Energy Net

NRC chairman says Vogtle design needs safety changes  | ajc.com - 0 views

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    Thirty years after the nation's worst nuclear power plant accident, the partial meltdown at Pennsylvania's Three Mile Island, nuclear is back in the news. Polls show increased public support, and advocates tout its relatively clean, homegrown power potential. Georgia is at the forefront of the industry's hopes, with Southern Co.'s Plant Vogtle near Augusta scheduled to put the first of two planned new reactors into service in 2016.
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    Thirty years after the nation's worst nuclear power plant accident, the partial meltdown at Pennsylvania's Three Mile Island, nuclear is back in the news. Polls show increased public support, and advocates tout its relatively clean, homegrown power potential. Georgia is at the forefront of the industry's hopes, with Southern Co.'s Plant Vogtle near Augusta scheduled to put the first of two planned new reactors into service in 2016.
Energy Net

Accidents Will Happen | The Big Money - 0 views

  • What if Deepwater Horizon was a nuclear plant? By Mark GimeinPosted Tuesday, June 22, 2010 - 5:44pm Extracting fossil fuels from ever-more-difficult environments is a dangerous business, a truth underlined spectacularly by the explosion at the Massey mine in April that killed 29 miners or the Deepwater Horizon spill that has left the Louisiana coast a blackened brackish mess. Not in decades has the nuclear option looked more attractive. Earlier this year, the government extended funding to build two new reactors at the Vogtle plant * in Georgia, likely the first reactors to go online since 1996, and a lot more may be in the works. Oil and coal disasters like Massey and Deepwater Horizon may be some of the best arguments for nuclear power.
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    "What if Deepwater Horizon was a nuclear plant? Extracting fossil fuels from ever-more-difficult environments is a dangerous business, a truth underlined spectacularly by the explosion at the Massey mine in April that killed 29 miners or the Deepwater Horizon spill that has left the Louisiana coast a blackened brackish mess. Not in decades has the nuclear option looked more attractive. Earlier this year, the government extended funding to build two new reactors at the Vogtle plant * in Georgia, likely the first reactors to go online since 1996, and a lot more may be in the works. Oil and coal disasters like Massey and Deepwater Horizon may be some of the best arguments for nuclear power."
Energy Net

Georgia Power set to defend payment plan for nukes | ajc.com - 0 views

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    t it's Monday, it must be the Public Service Commission. Georgia Power's two-front campaign for a new nuclear reactor fee will skip back across the street this week, after a so-far successful two weeks at the state Legislature. The utility will defend its proposed charge - an early collection of reactor construction financing costs - at a final round of state PSC hearings beginning Monday. The scheduled three-day hearing will unfold even as state lawmakers barrel ahead with their own version of the nuclear fee.
Energy Net

Cold War-era nuclear waste set to roll through Georgia | ajc.com - 0 views

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    Regular shipments of radioactive waste left over from the Cold War era may begin this fall with trucks moving through northwest Georgia en route to New Mexico. The estimated 60 to 120 truckloads a year of waste from the Oak Ridge National Laboratory in Tennessee will be buried nearly a half-mile deep in an underground salt formation. The transports to the Waste Isolation Pilot Plant (WIPP) near Carlsbad, N.M., are expected to take three years, according to the U.S. Department of Energy. The shipments are awaiting approval from the U.S. Environmental Protection Agency.
Energy Net

Jacksonville.com: Georgia: Story: New reactors to mean higher utility bills - 0 views

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    ATLANTA - Georgia Power said on Wednesday that its customers' bills would rise $12 a month starting in 2018 if the utility gains state and federal approvals to build two new 1,100 megawatt nuclear reactors at Plant Vogtle near Waynesboro. That projected increase is based on the utility's $6.4 billion share of constructing the new reactors, the company said in a news release.
Energy Net

Georgia Power to pay $6.4B for new nuclear reactors | ajc.com - 0 views

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    Georgia Power will pay approximately $6.4 billion to Westinghouse Electric to build its share of two proposed 1,100-megawatt nuclear reactors at the utility's Vogtle plant south of Augusta, the utility said Wednesday. If approved, the plants promise customers higher power bills starting in 2018 . Customers would pay an additional $12 a month on a typical 1,000 kilowatt-hour bill, the company said. That amount is expected to decline over time, the company said.
Energy Net

U.S. Nuclear Regulatory Commission Approves Early Site Permit for New Nuclear Reactors ... - 0 views

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    The U.S. Nuclear Regulatory Commission has issued an early site permit for two new nuclear reactors to be built in Georgia. The permit means the NRC has determined that the site is suitable for construction and operation of the reactors at Plant Vogtle near Waynesboro. A limited work authorization will allow workers to begin preliminary preparations at the site.
Energy Net

Public Citizen - Government Loan for Georgia Nuclear Reactors Is Terrible for Taxpayers... - 0 views

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    "Statement of Tyson Slocum, Director, Public Citizen's Energy Program Taxpayers are about to take another huge hit. Reports that the Obama administration Tuesday will announce a "conditional" loan guarantee for corporate utility Southern Company to build two new nuclear reactors at its Vogtle site in Georgia will once again put taxpayers on the hook when they can least afford it. In addition, it takes us entirely in the wrong direction. Proven efficiency and renewable energy technologies that can benefit millions of households are more cost-effective public investments than financially risky and uncertified nuclear technology. Initially authorized by the Energy Policy Act of 2005, the loan guarantee program was designed to back "innovative" energy technologies such as renewable wind and solar power, as well as new commercial nuclear reactors. While the program has finalized one $525 million loan guarantee for a solar power facility in California, the size and scope of proposed new nuclear reactors - with a price tag of roughly $10 billion per reactor - will overwhelm the public's bank account. In fact, nuclear power cannot be financially viable without taxpayer support, which includes not only federal loan guarantees but also risk insurance and production tax credits that manipulate the cost of nuclear generated energy. Since 2005, Southern Company has spent nearly $70 million lobbying the federal government, including to ensure these industry-friendly subsidies."
Energy Net

U.S. Approves Support to Build Nuclear Reactors in Georgia - NYTimes.com - 0 views

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    "President Obama, speaking to an enthusiastic audience of union officials in Lanham, Md., on Tuesday, underscored his embrace of nuclear power as a clean energy source, announcing that the Energy Department had approved financial help for the construction of two nuclear reactors in Georgia. Room for DebateDoes the need for new sources of energy outweigh the risks associated with nuclear power? If the project goes forward, the reactors would be the first begun in the United States since the 1970s. The announcement of the loan guarantee - $8.3 billion to help the Southern Company and two partners build twin reactors in Burke County - comes as the administration is courting Republican support for its climate and energy policies. With climate legislation stalled in the Senate and its prospects for success dim, Democrats are seeking new incentives to spur clean energy development and create jobs. "
Energy Net

EDITORIAL: Malice in Obamaland - Washington Times - 0 views

  • "If you don't know where you're going, any road will get you there," the Cheshire Cat said in Lewis Carroll's "Alice in Wonderland." The inscrutable feline might have been referring to the tortuous path of U.S. nuclear energy policy over the past 30 years. Unsurprisingly, President Obama has been equally ambiguous in his recent dealings with the nuclear industry. On Tuesday, the president announced with great fanfare loan guarantees worth $8.3 billion for new reactors in Georgia. The act ostensibly makes good on his recent State of the Union pledge to renew federal support for nuclear power as one component in the drive toward national energy independence.
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    ""If you don't know where you're going, any road will get you there," the Cheshire Cat said in Lewis Carroll's "Alice in Wonderland." The inscrutable feline might have been referring to the tortuous path of U.S. nuclear energy policy over the past 30 years. Unsurprisingly, President Obama has been equally ambiguous in his recent dealings with the nuclear industry. On Tuesday, the president announced with great fanfare loan guarantees worth $8.3 billion for new reactors in Georgia. The act ostensibly makes good on his recent State of the Union pledge to renew federal support for nuclear power as one component in the drive toward national energy independence."
Energy Net

New Loan-Guarantee Bailout for New Nuclear Reactors Puts U.S. Taxpayers at Risk as Depa... - 0 views

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    Nuclear Power Industry is Perfect Illustration of Why Taxpayers Are Saying "No More Bailouts!" - Billions for Plant Vogtle Reactors Impossible to Justify in Terms of Rising Financial Risks, Reduced Demand for Power, Cheaper Renewables and Huge Potential of Energy Efficiency ATLANTA, Dec. 30 /PRNewswire-USNewswire/ -- First it was insurance companies, then it was banks and that was followed by auto companies. Now, the federal government is putting U.S. taxpayers and utility customers at new risk under a controversial U.S. Department of Energy (DOE) loan guarantee program that is slated to award $18.5 billion, with Atlanta-based Southern Company predicted to be first on the list for program funds to build two new nuclear reactors at Plant Vogtle in Waynesboro, Georgia. Ironically, the DOE's "top choice" for the nuclear reactor loan guarantees, which are backed by U.S. taxpayers in the event of defaults, is the very same Plant Vogtle that helped to kill the previous nuclear power boom in the United States in the 1970s and 1980s. Huge cost overruns at the original Plant Vogtle - which escalated from $660 million for four reactors to a whopping $8.87 billion for two - likely played a role in putting the brakes on nuclear expansion plans pursued decades ago in the United States.
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    Nuclear Power Industry is Perfect Illustration of Why Taxpayers Are Saying "No More Bailouts!" - Billions for Plant Vogtle Reactors Impossible to Justify in Terms of Rising Financial Risks, Reduced Demand for Power, Cheaper Renewables and Huge Potential of Energy Efficiency ATLANTA, Dec. 30 /PRNewswire-USNewswire/ -- First it was insurance companies, then it was banks and that was followed by auto companies. Now, the federal government is putting U.S. taxpayers and utility customers at new risk under a controversial U.S. Department of Energy (DOE) loan guarantee program that is slated to award $18.5 billion, with Atlanta-based Southern Company predicted to be first on the list for program funds to build two new nuclear reactors at Plant Vogtle in Waynesboro, Georgia. Ironically, the DOE's "top choice" for the nuclear reactor loan guarantees, which are backed by U.S. taxpayers in the event of defaults, is the very same Plant Vogtle that helped to kill the previous nuclear power boom in the United States in the 1970s and 1980s. Huge cost overruns at the original Plant Vogtle - which escalated from $660 million for four reactors to a whopping $8.87 billion for two - likely played a role in putting the brakes on nuclear expansion plans pursued decades ago in the United States.
Energy Net

Plant Vogtle reactor plans have some residents concerned | NBC Augusta 26 | news, weath... - 0 views

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    "Plans are underway for Plant Vogtle to add two new reactors to its site in Burke County. But NBC Augusta 26 News is learning not everyone is thrilled about the expansion and new jobs. "Not in our backyard" seemed to be the theme at a public forum in Burke County. Sponsored by "Georgia Woman's Action for New Directions," the meeting allowed residents of nearby communities like Shell Bluff, to hear the other side of expansion. "The nuclear energy industry has led people to believe that it's something that is going to happen. They haven't gotten approval for the reactors to be built, so it's not necessarily a done deal," said Dianne Valentine, WAND member. "
Energy Net

Georgia Taps Build America Bonds to Subsidize Nuclear Expansion - Bloomberg.com - 0 views

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    "Georgia's Municipal Electric Authority tapped the Build America Bond program, selling $1.22 billion of the taxable securities as it seeks to license the first nuclear power plant in the U.S. in 30 years, according to Bloomberg data. The public utility, one of four owners of the proposed expansion of the Vogtle electric generating station near Waynesboro, Georgia, agreed to pay an annual interest rate of 6.637 percent on securities maturing in 2057, according to sale results. It plans to sell another $1.3 billion of federally subsidized Build America Bonds before the end of this month to finance most of its share of the project, according to offering documents. "
Energy Net

NRC - NRC Extends Comment Period on Proposed Rule Revisions to Environmental Protection... - 0 views

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    The U.S. Nuclear Regulatory Commission has extended the public comment period on the proposed rule revisions to the environmental protection regulations, specifically the Summary of Findings on National Environmental Policy Act (NEPA) Issues for License Renewal of Nuclear Power Plants and the draft revision of Generic Environmental Impact Statement (GEIS) for License Renewal of Nuclear Plants, NUREG-1437, originally published in 1996. The submittal deadline is extended from Oct. 14 to Jan. 12, 2010. The public can view the NRC's original notice on the proposed rule revisions in the Federal Register at: http://edocket.access.gpo.gov/2009/pdf/E9-24153.pdf exit icon PDF Iconand the original press release at: http://www.nrc.gov/reading-rm/doc-collections/news/2009/09-130.html. The NRC has held public meetings to obtain comments in Georgia, Massachusetts, Illinois and Maryland; the California meetings will be held in October and have been announced separately. Comments on the proposed rule, draft revised GEIS and associated documents may be submitted via the federal e-Rulemaking Portal at http://www.regulations.gov exit icon (Docket I.D. NRC-2008-0608); by e-mail to Rulemaking.Comments@nrc.gov ; by mail to Secretary, U.S. Nuclear Regulatory Commission, Washington, D.C. 20555-0001, ATTN: Rulemakings and Adjudications Staff; or by fax to 301-492-3466. Written comments on the draft revised GEIS should be sent to: Chief, Rulemaking, Directives and Editing Branch, Division of Administrative Services, Office of Administration, Mailstop TWB-05-B01M, U.S. Nuclear Regulatory Commission, Washington, D.C. 20555-0001.
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    The U.S. Nuclear Regulatory Commission has extended the public comment period on the proposed rule revisions to the environmental protection regulations, specifically the Summary of Findings on National Environmental Policy Act (NEPA) Issues for License Renewal of Nuclear Power Plants and the draft revision of Generic Environmental Impact Statement (GEIS) for License Renewal of Nuclear Plants, NUREG-1437, originally published in 1996. The submittal deadline is extended from Oct. 14 to Jan. 12, 2010. The public can view the NRC's original notice on the proposed rule revisions in the Federal Register at: http://edocket.access.gpo.gov/2009/pdf/E9-24153.pdf exit icon PDF Iconand the original press release at: http://www.nrc.gov/reading-rm/doc-collections/news/2009/09-130.html. The NRC has held public meetings to obtain comments in Georgia, Massachusetts, Illinois and Maryland; the California meetings will be held in October and have been announced separately. Comments on the proposed rule, draft revised GEIS and associated documents may be submitted via the federal e-Rulemaking Portal at http://www.regulations.gov exit icon (Docket I.D. NRC-2008-0608); by e-mail to Rulemaking.Comments@nrc.gov ; by mail to Secretary, U.S. Nuclear Regulatory Commission, Washington, D.C. 20555-0001, ATTN: Rulemakings and Adjudications Staff; or by fax to 301-492-3466. Written comments on the draft revised GEIS should be sent to: Chief, Rulemaking, Directives and Editing Branch, Division of Administrative Services, Office of Administration, Mailstop TWB-05-B01M, U.S. Nuclear Regulatory Commission, Washington, D.C. 20555-0001.
Energy Net

Uranium to Exceed $50 on Olympic Dam Slowdown, Macquarie Says - Bloomberg - 0 views

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    Uranium will rise above $50 a pound in coming weeks because of reduced production at BHP Billiton Ltd.'s Olympic Dam mine in Australia, Macquarie Bank Ltd. said. Prices have added 9.8 percent over the past two weeks on concern about reduced supply following an accident at Olympic Dam, the world's fourth-largest producing uranium mine. Uranium oxide concentrate for immediate delivery traded at $47.75 a pound on Oct. 19, Roswell, Georgia-based UxC said in a weekly report. "Uranium will go up into the low $50s over the next month," Max Layton, an analyst at Macquarie in London, said by phone today.
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    Uranium will rise above $50 a pound in coming weeks because of reduced production at BHP Billiton Ltd.'s Olympic Dam mine in Australia, Macquarie Bank Ltd. said. Prices have added 9.8 percent over the past two weeks on concern about reduced supply following an accident at Olympic Dam, the world's fourth-largest producing uranium mine. Uranium oxide concentrate for immediate delivery traded at $47.75 a pound on Oct. 19, Roswell, Georgia-based UxC said in a weekly report. "Uranium will go up into the low $50s over the next month," Max Layton, an analyst at Macquarie in London, said by phone today.
Energy Net

Public Citizen - Loan Guarantees for New Nuclear Reactors Put Taxpayers at Great Risk ... - 0 views

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    Groups from Maryland Ally with 3 other States with Reactors Up for Loan Guarantees to Speak Out in Opposition; DOE Liberalization of Rules Would Expose Taxpayers to Billions of Dollars in New Defaults Taxpayers will be put at significant new risk for billions of dollars if the U.S. Department of Energy (DOE) moves ahead in the coming days and weeks to issue its first set of controversial taxpayer-backed, conditional loan guarantees for new nuclear reactors, according to 18 national and state-level public interest groups from Maryland, Georgia, Texas and South Carolina. In a joint statement issued today, the groups called on DOE to put the issuance of loan guarantees on hold given the unacceptable financial risks placed on the taxpayer, the poor track record of the DOE with past loan guarantees and the lack of transparency in the loan guarantee decision-making process.
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    Groups from Maryland Ally with 3 other States with Reactors Up for Loan Guarantees to Speak Out in Opposition; DOE Liberalization of Rules Would Expose Taxpayers to Billions of Dollars in New Defaults Taxpayers will be put at significant new risk for billions of dollars if the U.S. Department of Energy (DOE) moves ahead in the coming days and weeks to issue its first set of controversial taxpayer-backed, conditional loan guarantees for new nuclear reactors, according to 18 national and state-level public interest groups from Maryland, Georgia, Texas and South Carolina. In a joint statement issued today, the groups called on DOE to put the issuance of loan guarantees on hold given the unacceptable financial risks placed on the taxpayer, the poor track record of the DOE with past loan guarantees and the lack of transparency in the loan guarantee decision-making process.
Energy Net

Greentech Media: Experts: Energy Department Should 'Immediately Halt' Plans to Issue Ta... - 0 views

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    Not only does the Nuclear Regulatory Commission's (NRC) objection last week to major problems in the AP1000 reactor design call into serious question the future of over half of proposed new reactors in the United States (14 of 25), it also means that it would be "grossly imprudent" for the Department of Energy (DOE) to proceed with its plans for loan guarantees for new reactors that are not finalized and licensed. Four experts delivered that stern warning during a news conference today urging the DOE to halt controversial plans to issue nuclear loan guarantees "soon," according to Energy Secretary Chu. These guarantees are part of the DOE's Title XVII Loan Guarantee Program. Two of the four new nuclear projects that the DOE is reported to be considering for taxpayer-backed loan guarantees are AP1000 designs proposed by the Southern Company at the Vogtle site in Georgia and the South Carolina Electric & Gas (SCE&G) V.C. Summer site.
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    Not only does the Nuclear Regulatory Commission's (NRC) objection last week to major problems in the AP1000 reactor design call into serious question the future of over half of proposed new reactors in the United States (14 of 25), it also means that it would be "grossly imprudent" for the Department of Energy (DOE) to proceed with its plans for loan guarantees for new reactors that are not finalized and licensed. Four experts delivered that stern warning during a news conference today urging the DOE to halt controversial plans to issue nuclear loan guarantees "soon," according to Energy Secretary Chu. These guarantees are part of the DOE's Title XVII Loan Guarantee Program. Two of the four new nuclear projects that the DOE is reported to be considering for taxpayer-backed loan guarantees are AP1000 designs proposed by the Southern Company at the Vogtle site in Georgia and the South Carolina Electric & Gas (SCE&G) V.C. Summer site.
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