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The feudal lords of power [29Aug11] - 0 views

  • The inherently arrogant nature of the electric power industry in Japan came to light recently when Kyushu Electric Power Co. tried to influence a public hearing on whether to allow the company to resume operation of its Genkai nuclear power stations in Saga Prefecture. Kyushu Electric urged its employees and subcontractors to submit a large number of emails in support of resumption.
  • Observers view this as a typical example of the power industry boasting of its ability to manipulate public opinion. The incident also revealed how naive the industry is, as the utility failed to take any precaution to prevent its tactics from becoming publicly known. One critic drew an analogy between the actions of Kyushu Electric and the plot in "Emperor's New Clothes," Hans Christian Andersen's famous short story.
  • One factor behind such arrogance is the fact that each of the 10 companies of the power utility industry occupies a prominent position in the commerce of its respective region, where it enjoys a monopoly of supplying electric power.
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  • Indeed, except in the three metropolitan areas around Tokyo, Osaka and Nagoya, where major companies are concentrated, the utility companies are usually the largest corporations in terms of gross sales in their respective regions. One notable exception is Chugoku Electric Power Co., whose turnover lags that of Mazda Motor Corp. headquartered in Hiroshima.
  • The typical power structure in each of Japan's 47 prefectures is an "iron triangle" composed of the prefectural government, regional banks and local newspapers. Beneath this triangle are groups of corporations, such as general contractors, that are linked to politicians. It is noteworthy that, except in Hokkaido and Okinawa, the regional electric company transcends this powerful triangle because it monopolizes the power supply in two or more prefectures. For example, Tohoku Electric Power Co. covers seven prefectures in northeastern Japan, and even Hokuriku Electric Power Co., with sales of less than ¥500 billion a year, serves three prefectures. This fact has led the utilities to think that they are above the prefectural governments.
  • In prefectures where nuclear power plants are located, tense relationships exist between governors and power companies. Governors often try to prevent power companies from doing as they like concerning the operation of nuclear power plants. At the same time, governors want to avoid confrontations with companies because of their vote-generation potential.
  • A bitter confrontation took place in the gubernatorial election in Fukushima Prefecture in 1988. In his first bid to become prefectural governor, Eisaku Sato (not the former prime minister by the same name) faced a candidate backed by Tokyo Electric Power Co. After Sato won, severe conflicts ensued between him and Tepco, which has nuclear power stations in Fukushima Prefecture that supply electricity to the areas it serves. Sato sought to impose rigid conditions on the operation of the Fukushima Nos. 1 and 2 nuclear power plants and on the use of mixed oxide fuel, which contains plutonium, amid local residents' fears of nuclear power generation.
  • Although Sato also won subsequent elections, he resigned following his arrest in 2006 in a scandal related to dam construction. Tepco did not come out as the ultimate winner either, as its ranking officials were investigated over their alleged involvement in the same scandal. Confrontations between power companies and governors have various roots, but the main one is that the former are far more powerful than the latter. This overwhelming influence stems primarily from the enormous investments that power companies make to build or renew facilities to generate, transform or distribute electricity. Such investments have been necessary to keep up with the growing demand for electricity.
  • During the peak year of 1993, capital investment by Japan's 10 electric power companies exceeded ¥5 trillion, with ¥1.7 trillion coming from Tepco alone. In 2009, Tohoku Electric Power Co., which serves the seven prefectures in the Tohoku region, invested ¥274.7 billion, which accounted for 24.4 percent of total capital investment in the region, according to statistics compiled by the Development Bank of Japan.
  • Comparable figures were 25.5 percent from Kyushu Electric Power, which serves seven prefectures on Kyushu; 22.5 percent from Chugoku Electric Power, serving the five prefectures in the western part of Honshu; and 27.6 percent from Shikoku Electric Power, which supplies power to the four prefectures on Shikoku.
  • Although power companies possess undisputed influence, the way they have accumulated it is unusual in the history of Japan's postwar economic development. By contrast, companies in the steel, oil, electronics, precision-machine, automobile, shipbuilding and other industries have had to battle it out for market share domestically before gaining international competitiveness.
  • Power utilities help politicians by providing them with campaign funds; METI helps maintain the industry's regional monopolies; and the power companies provide high-paying positions into which former METI bureaucrats "parachute." The politicians and the bureaucrats jointly promote nuclear power generation, which helps protect the vested interest of the power companies.
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Va. Power hopes to restart reactors soon [08Sep11] - 0 views

  • Dominion Virginia Power thinks it will be ready to restart its North Anna 1 nuclear reactor in two weeks and the North Anna 2 by mid-October, if federal regulators approve. But the Nuclear Regulatory Commission staff members indicated Thursday that making sure the reactors, which were shut down by the Aug. 23 earthquake nearby, are safe to begin operating again might take longer. The staff said at the meeting with utility officials that it had plenty of questions as the agency looks into the Louisa County power station's design to resist seismic damage.
  • Preliminary information from the U.S. Geological Survey indicates that the earthquake produced a shaking force in the region twice as strong as the North Anna plant was designed to handle, the NRC said. Dominion Virginia Power acknowledges that the force from the earthquake exceeded the plant's theoretical design strength. The 5.8-magnitude earthquake caused only minor damage that did not affect nuclear safety, the company said. The quake also caused 25 of the 115-ton steel casks storing highly radioactive used fuel rods to shift as much as 4½ inches out of position on their concrete storage pad.
  • No U.S. nuclear power plant has been tripped off-line by an earthquake before, the NRC said.
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  • We don't have a lot of experience in this area," said Eric J. Leeds, director of the NRC's Office of Nuclear Reactor Regulation. "It looks like we'll see a lot of each other over the next few weeks — hopefully not months."
  • Dominion Virginia Power is eager to get the plant, which can generate enough electricity to power 450,000 homes, operating again. The Richmond-based company is the state's largest electric utility, serving 2.3 million customers.
  • The NRC began assessing the safety implications of increased plant earthquake hazards in 2005. According to the agency, the potential earthquake hazards for some nuclear power plants in the central and eastern U.S. may be slightly larger than previously estimated.
  • The earthquake appears to have produced a peak acceleration — its shaking force — of about 0.26 g approximately 24 miles from its epicenter, the NRC said. G is the unit of measurement for acceleration based on the force of gravity. North Anna's rock-based structures are designed to withstand 0.12 g. The power station is about 11 miles from the quake's epicenter. The plant experienced earthquake forces an average of 21 percent greater than it was designed for, according to Dominion Virginia Power. The strong motion passed quickly, lasting no more than 3.1 seconds and reducing its impact, the company told NRC officials Thursday.
  • North Anna can handle shaking forces higher than 0.12 g in the critical lower frequencies, Dominion Virginia Power said. Most of the plant's critical safety components can actually resist shaking of 0.3 g, the company said, and relatively less-sturdy structures can withstand 0.16 g. "Consequently, safe shutdown components are capable of surviving seismic accelerations in excess of the … design criteria," Eric Hendrixson, Dominion Virginia Power's director of nuclear engineering, told federal regulators.
  • Based on results to date, Dominion Virginia Power believes all tests and repairs will be completed on Unit 1 by Sept. 22, said Eugene Grecheck, the company's vice president for nuclear development. Unit 2 is going into a planned refueling outage, and the company hopes it could be restarted by Oct. 13. But, warned Jack Grobe, deputy director of NRC's Office of Nuclear Reactor Regulation, "We're probably going to have to have a series of meetings. I guarantee you're going to get a lot of questions." Among the questions will be the shaking force of the earthquake on the plant.
  • Dominion Virginia Power still does not know exactly what caused the reactors to trip off-line, officials said Thursday. "There were diverse and redundant trips coming in in milliseconds," said N. Larry Lane, Dominion Virginia Power's site vice president for the power station.
  • Knowing precisely what prompted the shutdown is critical for validating the safety of the plant's design.
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The nuclear power plans that have survived Fukushima [28Sep11] - 0 views

  • SciDev.Net reporters from around the world tell us which countries are set on developing nuclear energy despite the Fukushima accident. The quest for energy independence, rising power needs and a desire for political weight all mean that few developing countries with nuclear ambitions have abandoned them in the light of the Fukushima accident. Jordan's planned nuclear plant is part of a strategy to deal with acute water and energy shortages.
  • The Jordan Atomic Energy Commission (JAEC) wants Jordan to get 60 per cent of its energy from nuclear by 2035. Currently, obtaining energy from neighbouring Arab countries costs Jordan about a fifth of its gross domestic product. The country is also one of the world's most water-poor nations. Jordan plans to desalinate sea water from the Gulf of Aqaba to the south, then pump it to population centres in Amman, Irbid, and Zarqa, using its nuclear-derived energy. After the Fukushima disaster, Jordan started re-evaluating safety procedures for its nuclear reactor, scheduled to begin construction in 2013. The country also considered more safety procedures for construction and in ongoing geological and environmental investigations.
  • The government would not reverse its decision to build nuclear reactors in Jordan because of the Fukushima disaster," says Abdel-Halim Wreikat, vice Chairman of the JAEC. "Our plant type is a third-generation pressurised water reactor, and it is safer than the Fukushima boiling water reactor." Wreikat argues that "the nuclear option for Jordan at the moment is better than renewable energy options such as solar and wind, as they are still of high cost." But some Jordanian researchers disagree. "The cost of electricity generated from solar plants comes down each year by about five per cent, while the cost of producing electricity from nuclear power is rising year after year," says Ahmed Al-Salaymeh, director of the Energy Centre at the University of Jordan. He called for more economic feasibility studies of the nuclear option.
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  • And Ahmad Al-Malabeh, a professor in the Earth and Environmental Sciences department of Hashemite University, adds: "Jordan is rich not only in solar and wind resources, but also in oil shale rock, from which we can extract oil that can cover Jordan's energy needs in the coming years, starting between 2016 and 2017 ... this could give us more time to have more economically feasible renewable energy."
  • Finance, rather than Fukushima, may delay South Africa's nuclear plans, which were approved just five days after the Japanese disaster. South Africa remains resolute in its plans to build six new nuclear reactors by 2030. Katse Maphoto, the director of Nuclear Safety, Liabilities and Emergency Management at the Department of Energy, says that the government conducted a safety review of its two nuclear reactors in Cape Town, following the Fukushima event.
  • Vietnam's nuclear energy targets remain ambitious despite scientists' warning of a tsunami risk. Vietnam's plan to power 10 per cent of its electricity grid with nuclear energy within 20 years is the most ambitious nuclear energy plan in South-East Asia. The country's first nuclear plant, Ninh Thuan, is to be built with support from a state-owned Russian energy company and completed by 2020. Le Huy Minh, director of the Earthquake and Tsunami Warning Centre at Vietnam's Institute of Geophysics, has warned that Vietnam's coast would be affected by tsunamis in the adjacent South China Sea.
  • Larkin says nuclear energy is the only alternative to coal for generating adequate electricity. "What other alternative do we have? Renewables are barely going to do anything," he said. He argues that nuclear is capable of supplying 85 per cent of the base load, or constantly needed, power supply, while solar energy can only produce between 17 and 25 per cent. But, despite government confidence, Larkin says that a shortage of money may delay the country's nuclear plans.
  • The government has said yes but hasn't said how it will pay for it. This is going to end up delaying by 15 years any plans to build a nuclear station."
  • The Ninh Thuan nuclear plant would sit 80 to 100 kilometres from a fault line on the Vietnamese coast, potentially exposing it to tsunamis, according to state media. But Vuong Huu Tan, president of the state-owned Vietnam Atomic Energy Commission, told state media in March, however, that lessons from the Fukushima accident will help Vietnam develop safe technologies. And John Morris, an Australia-based energy consultant who has worked as a geologist in Vietnam, says the seismic risk for nuclear power plants in the country would not be "a major issue" as long as the plants were built properly. Japan's nuclear plants are "a lot more earthquake prone" than Vietnam's would be, he adds.
  • Undeterred by Fukushima, Nigeria is forging ahead with nuclear collaborations. There is no need to panic because of the Fukushima accident, says Shamsideen Elegba, chair of the Forum of Nuclear Regulatory Bodies in Africa. Nigeria has the necessary regulatory system to keep nuclear activities safe. "The Nigerian Nuclear Regulatory Authority [NNRA] has established itself as a credible organisation for regulatory oversight on all uses of ionising radiation, nuclear materials and radioactive sources," says Elegba who was, until recently, the NNRA's director general.
  • Vietnam is unlikely to experience much in the way of anti-nuclear protests, unlike neighbouring Indonesia and the Philippines, where civil society groups have had more influence, says Kevin Punzalan, an energy expert at De La Salle University in the Philippines. Warnings from the Vietnamese scientific community may force the country's ruling communist party to choose alternative locations for nuclear reactors, or to modify reactor designs, but probably will not cause extreme shifts in the one-party state's nuclear energy strategy, Punzalan tells SciDev.Net.
  • Will the Philippines' plans to rehabilitate a never-used nuclear power plant survive the Fukushima accident? The Philippines is under a 25-year moratorium on the use of nuclear energy which expires in 2022. The government says it remains open to harnessing nuclear energy as a long-term solution to growing electricity demand, and its Department of Science and Technology has been making public pronouncements in favour of pursuing nuclear energy since the Fukushima accident. Privately, however, DOST officials acknowledge that the accident has put back their job of winning the public over to nuclear by four or five years.
  • In the meantime, the government is trying to build capacity. The country lacks, for example, the technical expertise. Carmencita Bariso, assistant director of the Department of Energy's planning bureau, says that, despite the Fukushima accident, her organisation has continued with a study on the viability, safety and social acceptability of nuclear energy. Bariso says the study would include a proposal for "a way forward" for the Bataan Nuclear Power Plant, the first nuclear reactor in South East Asia at the time of its completion in 1985. The $2.3-billion Westinghouse light water reactor, about 60 miles north of the capital, Manila, was never used, though it has the potential to generate 621 megawatts of power. President Benigno Aquino III, whose mother, President Corazon Aquino, halted work on the facility in 1986 because of corruption and safety issues, has said it will never be used as a nuclear reactor but could be privatised and redeveloped as a conventional power plant.
  • But Mark Cojuangco, former lawmaker, authored a bill in 2008 seeking to start commercial nuclear operations at the Bataan reactor. His bill was not passed before Congress adjourned last year and he acknowledges that the Fukushima accident has made his struggle more difficult. "To go nuclear is still the right thing to do," he says. "But this requires a societal decision. We are going to spark public debates with a vengeance as soon as the reports from Fukushima are out." Amended bills seeking both to restart the reactor, and to close the issue by allowing either conversion or permanent closure, are pending in both the House and the Senate. Greenpeace, which campaigns against nuclear power, believes the Fukushima accident has dimmed the chances of commissioning the Bataan plant because of "increased awareness of what radioactivity can do to a place". Many parts of the country are prone to earthquakes and other natural disasters, which critics say makes it unsuitable both for the siting of nuclear power stations and the disposal of radioactive waste.
  • In Kenya, nuclear proponents argue for a geothermal – nuclear mix In the same month as the Fukushima accident, inspectors from the International Atomic Energy Agency approved Kenya's application for its first nuclear power station (31 March), a 35,000 megawatt facility to be built at a cost of Sh950 billion (US$9.8 billion) on a 200-acre plot on the Athi Plains, about 50km from Nairobi
  • The plant, with construction driven by Kenya's Nuclear Electricity Project Committee, should be commissioned in 2022. The government claims it could satisfy all of Kenya's energy needs until 2040. The demand for electricity is overwhelming in Kenya. Less than half of residents in the capital, Nairobi, have grid electricity, while the rural rate is two per cent. James Rege, Chairman of the Parliamentary Committee on Energy, Communication and Information, takes a broader view than the official government line, saying that geothermal energy, from the Rift Valley project is the most promising option. It has a high production cost but remains the country's "best hope". Nuclear should be included as "backup". "We are viewing nuclear energy as an alternative source of power. The cost of fossil fuel keeps escalating and ordinary Kenyans can't afford it," Rege tells SciDev.Net.
  • Hydropower is limited by rivers running dry, he says. And switching the country's arable land to biofuel production would threaten food supplies. David Otwoma, secretary to the Energy Ministry's Nuclear Electricity Development Project, agrees that Kenya will not be able to industrialise without diversifying its energy mix to include more geothermal, nuclear and coal. Otwoma believes the expense of generating nuclear energy could one day be met through shared regional projects but, until then, Kenya has to move forward on its own. According to Rege, much as the nuclear energy alternative is promising, it is extremely important to take into consideration the Fukushima accident. "Data is available and it must be one step at a time without rushing things," he says. Otwoma says the new nuclear Kenya can develop a good nuclear safety culture from the outset, "but to do this we need to be willing to learn all the lessons and embrace them, not forget them and assume that won't happen to us".
  • But the government adopted its Integrated Resource Plan (IRP) for 2010-2030 five days after the Fukushima accident. Elliot Mulane, communications manager for the South African Nuclear Energy Corporation, (NECSA) a public company established under the 1999 Nuclear Energy Act that promotes nuclear research, said the timing of the decision indicated "the confidence that the government has in nuclear technologies". And Dipuo Peters, energy minister, reiterated the commitment in her budget announcement earlier this year (26 May), saying: "We are still convinced that nuclear power is a necessary part of our strategy that seeks to reduce our greenhouse gas emissions through a diversified portfolio, comprising some fossil-based, renewable and energy efficiency technologies". James Larkin, director of the Radiation and Health Physics Unit at the University of the Witwatersrand, believes South Africa is likely to go for the relatively cheap, South Korean generation three reactor.
  • It is not only that we say so: an international audit came here in 2006 to assess our procedure and processes and confirmed the same. Elegba is firmly of the view that blame for the Fukushima accident should be allocated to nature rather than human error. "Japan is one of the leaders not only in that industry, but in terms of regulatory oversight. They have a very rigorous system of licensing. We have to make a distinction between a natural event, or series of natural events and engineering infrastructure, regulatory infrastructure, and safety oversight." Erepamo Osaisai, Director General of the Nigeria Atomic Energy Commission (NAEC), has said there is "no going back" on Nigeria's nuclear energy project after Fukushima.
  • Nigeria is likely to recruit the Russian State Corporation for Atomic Energy, ROSATOM, to build its first proposed nuclear plant. A delegation visited Nigeria (26- 28 July) and a bilateral document is to be finalised before December. Nikolay Spassy, director general of the corporation, said during the visit: "The peaceful use of nuclear power is the bedrock of development, and achieving [Nigeria's] goal of being one of the twenty most developed countries by the year 2020 would depend heavily on developing nuclear power plants." ROSATOM points out that the International Atomic Energy Agency monitors and regulates power plant construction in previously non-nuclear countries. But Nnimmo Bassey, executive director of the Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN), said "We cannot see the logic behind the government's support for a technology that former promoters in Europe, and other technologically advanced nations, are now applying brakes to. "What Nigeria needs now is investment in safe alternatives that will not harm the environment and the people. We cannot accept the nuclear option."
  • Thirsty for electricity, and desirous of political clout, Egypt is determined that neither Fukushima ― nor revolution ― will derail its nuclear plans. Egypt was the first country in the Middle East and North Africa to own a nuclear programme, launching a research reactor in 1961. In 2007 Egypt 'unfroze' a nuclear programme that had stalled in the aftermath of the Chernobyl disaster. After the Egyptian uprising in early 2011, and the Fukushima accident, the government postponed an international tender for the construction of its first plant.
  • Yassin Ibrahim, chairman of the Nuclear Power Plants Authority, told SciDev.Net: "We put additional procedures in place to avoid any states of emergency but, because of the uprising, the tender will be postponed until we have political stability after the presidential and parliamentary election at the end of 2011". Ibrahim denies the nuclear programme could be cancelled, saying: "The design specifications for the Egyptian nuclear plant take into account resistance to earthquakes and tsunamis, including those greater in magnitude than any that have happened in the region for the last four thousand years. "The reactor type is of the third generation of pressurised water reactors, which have not resulted in any adverse effects to the environment since they began operation in the early sixties."
  • Ibrahim El-Osery, a consultant in nuclear affairs and energy at the country's Nuclear Power Plants Authority, points out that Egypt's limited resources of oil and natural gas will run out in 20 years. "Then we will have to import electricity, and we can't rely on renewable energy as it is still not economic yet — Egypt in 2010 produced only two per cent of its needs through it." But there are other motives for going nuclear, says Nadia Sharara, professor of mineralogy at Assiut University. "Owning nuclear plants is a political decision in the first place, especially in our region. And any state that has acquired nuclear technology has political weight in the international community," she says. "Egypt has the potential to own this power as Egypt's Nuclear Materials Authority estimates there are 15,000 tons of untapped uranium in Egypt." And she points out it is about staying ahead with technology too. "If Egypt freezes its programme now because of the Fukushima nuclear disaster it will fall behind in many science research fields for at least the next 50 years," she warned.
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The Death of Nuclear Power: The Five Global Energy Moves to Make Now [07Jun11] - 0 views

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  • Nuclear power was gaining a lot of momentum prior to the terrible disaster at Japan's Fukushima powerplant in March.
  • But since then, atomic energy has come under increased scrutiny and once again drawn the ire of environmentalists who were just warming up to its carbon-free emissions.
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  • The German government's decision to close all of its existing nuclear reactors by 2022 shows that this shift in sentiment is gaining traction. And it increases the likelihood that the nuclear-powerplant building boom that had seemed at hand will be set back. Without a doubt, this new reality will lead to global energy shortages and much-higher energy costs.But for us as investors, the real issue is this: Which sectors will step up to alleviate the shortfall resulting from the inevitable disappearance of nuclear power?
  • As the recent development in Germany so clearly illustrates, one key difficulty about major energy decisions is that far too many are political in nature.
  • Too often, rational scientific analysis and cost-benefit analyses are ignored as hard-line environmentalists push their own agendas. Many of the environmentalists' objections are valid - at least as far as they go. But more and more, those objections seem to include every source of energy that actually works.
  • Windmills are objectionable because they look ugly and kill birds. Geothermal energy is objectionable because it causes earthquakes. Even solar energy is objectionable because of the vast acreages of land required to house the solar panels
  • Replacing Nuclear Power Figuring out which energy sources will offset the decline in nuclear power output requires three calculations:
  • First, a calculation of the cost of an energy source - as it now exists - in its economically most practicable uses. However, much as we may like solar power, we are not about to get solar-powered automobiles; likewise, oil-fueled power stations are inefficient on many grounds.
  • Second, a calculation that demonstrates whether the cost of that energy source is likely to increase or decline. With oil and hydro-electric power, for instance, the cost is likely to increase: The richest oil wells have been tapped and the best rivers have been dammed. With solar, on the other hand, the cost could decline, given how quickly the technology is advancing.
  • And third, an estimate that includes our best guess as to whether hard-line environmentalists will win or lose in their attempt to prevent its use.
  • On nuclear energy, the environmentalists appear to have won - at least for the time being. Their victory probably extends to fusion power, if that ever becomes economical. Conversely, their battles against wind and solar power are futile, as there are no scary disaster scenarios involved.
  • I regard the German decision to abandon nuclear power as foolish, and it should make us very cautious when investing in large-scale German manufacturers, which may be made uncompetitive by excessive power costs. But as an investor, I think it opens up a number of profit opportunities.
  • Actions To Take: Environmental concerns have chased investment away from nuclear energy - at least for the time being. For that reason the nuclear build-out that was just starting to gain momentum now is likely to stumble. As investors, we must look for energy sources that will most likely replace lost nuclear power output. They include:
  • Shale Gas: Potential damage to the environment caused by "fracking," which is the process by which shale gas is extracted, has not impeded this industry's growth. Natural gas has grown increasingly popular, as it is relatively cheap and clean, and readily abundant in the United States. A recent study by the Massachusetts Institute of Technology (MIT) suggests that natural gas will provide 40% of U.S. energy needs in the future, up from 20% today. You might look at Chesapeake Energy Corp. (NYSE:CHK), the largest leaseholder in Pennsylvania's Marcellus Shale, which is trading at a reasonable 9.5 times projected 2012 earnings.
  • Shale gas. Tar sands. And solar energy. Let's look at each of the three - and identify the best ways to play them
  • Tar Sands: The Athabasca tar sands in Canada contain more oil than the Middle East. And at an oil price of $100 per barrel, it is highly profitable to extract. Of course, extraction makes a huge mess of the local environment, but environmentalists seem to have lost that battle - reasonably enough, in view of the "energy security" implications of dependence on the Middle East. A play I like here is Cenovus Energy Inc. (NYSE: CVE). It's a purer Athabasca play than Suncor Energy Inc. (NYSE: SU), but it's currently pricey at 16.5 times projected 2012 earnings. Suncor's cheaper at only 11 times projected 2012 earnings - so take your pick
  • Solar Energy: Of the many new energy sources that have received so much taxpayer money in the last five years, solar is the one with real potential. Unlike with wind farms, where there is almost no opportunity for massive technological improvement or cost reduction, there is great potential upside with solar power: The technology and economics of solar panels and their manufacture is improving steadily. Indeed, solar power seems likely to be competitive as a source of electricity without subsidy sometime around 2016-2020, if energy prices stay high.
  • There are a number of ways to play this. You can select a solar-panel manufacturer like the Chinese JA Solar Holdings Co. Ltd. (Nasdaq ADR: JASO), or a rectifier producer like Power-One Inc. (Nasdaq: PWER). JA Solar is trading at a startling forward Price/Earnings (P/E) ratio of less than 5.0, mostly likely because of the Chinese accounting scandals, whereas Power-One is also cheap at less than seven times forward earnings and is U.S.-domiciled. Again, take your pick, depending on which risks you are comfortable with.
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CPS must die [24Oct07} - 0 views

  • Collectively, Texas eats more energy than any other state, according to the U.S. Department of Energy. We’re fifth in the country when it comes to our per-capita energy intake — about 532 million British Thermal Units per year. A British Thermal Unit, or Btu, is like a little “bite” of energy. Imagine a wooden match burning and you’ve got a Btu on a stick. Of course, the consumption is with reason. Texas, home to a quarter of the U.S. domestic oil reserves, is also bulging with the second-highest population and a serious petrochemical industry. In recent years, we managed to turn ourselves into the country’s top producer of wind energy. Despite all the chest-thumping that goes on in these parts about those West Texas wind farms (hoist that foam finger!), we are still among the worst in how we use that energy. Though not technically “Southern,” Texans guzzle energy like true rednecks. Each of our homes use, on average, about 14,400 kilowatt hours per year, according to the U.S. Energy Information Administration. It doesn’t all have to do with the A/C, either. Arizonans, generally agreed to be sharing the heat, typically use about 12,000 kWh a year; New Mexicans cruise in at an annual 7,200 kWh. Don’t even get me started on California’s mere 6,000 kWh/year figure.
  • Let’s break down that kilowatt-hour thing. A watt is the energy of one candle burning down. (You didn’t put those matches away, did you?) A kilowatt is a thousand burnin’ candles. And a kilowatt hour? I think you can take it from there. We’re wide about the middle in Bexar, too. The average CPS customer used 1,538 kilowatt hours this June when the state average was 1,149 kWh, according to ERCOT. Compare that with Austin residents’ 1,175 kWh and San Marcos residents’ 1,130 kWh, and you start to see something is wrong. So, we’re wasteful. So what? For one, we can’t afford to be. Maybe back when James Dean was lusting under a fountain of crude we had if not reason, an excuse. But in the 1990s Texas became a net importer of energy for the first time. It’s become a habit, putting us behind the curve when it comes to preparing for that tightening energy crush. We all know what happens when growing demand meets an increasingly scarce resource … costs go up. As the pressure drop hits San Anto, there are exactly two ways forward. One is to build another massively expensive power plant. The other is to transform the whole frickin’ city into a de-facto power plant, where energy is used as efficiently as possible and blackouts simply don’t occur.
  • Consider, South Texas Project Plants 1&2, which send us almost 40 percent of our power, were supposed to cost $974 million. The final cost on that pair ended up at $5.5 billion. If the planned STP expansion follows the same inflationary trajectory, the price tag would wind up over $30 billion. Applications for the Matagorda County plants were first filed with the Atomic Energy Commission in 1974. Building began two years later. However, in 1983 there was still no plant, and Austin, a minority partner in the project, sued Houston Power & Lighting for mismanagement in an attempt to get out of the deal. (Though they tried to sell their share several years ago, the city of Austin remains a 16-percent partner, though they have chosen not to commit to current expansion plans).
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  • CPS didn’t just pull nukes out of a hat when it went looking for energy options. CEO Milton Lee may be intellectually lazy, but he’s not stupid. Seeking to fulfill the cheap power mandate in San Antonio and beyond (CPS territory covers 1,566 square miles, reaching past Bexar County into Atascosa, Bandera, Comal, Guadalupe, Kendall, Medina, and Wilson counties), staff laid natural gas, coal, renewables and conservation, and nuclear side-by-side and proclaimed nukes triumphant. Coal is cheap upfront, but it’s helplessly foul; natural gas, approaching the price of whiskey, is out; and green solutions just aren’t ready, we’re told. The 42-member Nuclear Expansion Analysis Team, or NEAT, proclaimed “nuclear is the lowest overall risk considering possible costs and risks associated with it as compared to the alternatives.” Hear those crickets chirping?
  • NEAT members would hold more than a half-dozen closed-door meetings before the San Antonio City Council got a private briefing in September. When the CPS board assembled October 1 to vote the NRG partnership up or down, CPS executives had already joined the application pending with the U.S. Nuclear Regulatory Commission. A Supplemental Participation Agreement allowed NRG to move quickly in hopes of cashing in on federal incentives while giving San Antonio time to gather its thoughts. That proved not too difficult. Staff spoke of “overwhelming support” from the Citizen’s Advisory Board and easy relations with City staff. “So far, we haven’t seen any fatal flaws in our analysis,” said Mike Kotera, executive vice president of energy development for CPS. With boardmember and Mayor Phil Hardberger still in China inspecting things presumably Chinese, the vote was reset for October 29.
  • No one at the meeting asked about cost, though the board did request a month-by-month analysis of the fiasco that has been the South Texas Project 1&2 to be delivered at Monday’s meeting. When asked privately about cost, several CPS officers said they did not know what the plants would run, and the figure — if it were known — would not be public since it is the subject of contract negotiations. “We don’t know yet,” said Bob McCullough, director of CPS’s corporate communications. “We are not making the commitment to build the plant. We’re not sure at this point we really understand what it’s going to cost.” The $206 million outlay the board will consider on Monday is not to build the pair of 1,300-megawatt, Westinghouse Advanced Boiling Water Reactors. It is also not a contract to purchase power, McCullough said. It is merely to hold a place in line for that power.
  • It’s likely that we would come on a recurring basis back to the board to keep them apprised of where we are and also the decision of whether or not we think it makes sense for us to go forward,” said Larry Blaylock, director of CPS’s Nuclear Oversight & Development. So, at what point will the total cost of the new plants become transparent to taxpayers? CPS doesn’t have that answer. “At this point, it looks like in order to meet our load growth, nuclear looks like our lowest-risk choice and we think it’s worth spending some money to make sure we hold that place in line,” said Mark Werner, director of Energy Market Operations.
  • Another $10 million request for “other new nuclear project opportunities” will also come to the board Monday. That request summons to mind a March meeting between CPS officials and Exelon Energy reps, followed by a Spurs playoff game. Chicago-based Exelon, currently being sued in Illinois for allegedly releasing millions of gallons of radioactive wastewater beneath an Illinois plant, has its own nuclear ambitions for Texas. South Texas Project The White House champions nuclear, and strong tax breaks and subsidies await those early applicants. Whether CPS qualifies for those millions remains to be seen. We can only hope.
  • CPS has opted for the Super Honkin’ Utility model. Not only that — quivering on the brink of what could be a substantial efficiency program, CPS took a leap into our unflattering past when it announced it hopes to double our nuclear “portfolio” by building two new nuke plants in Matagorda County. The utility joined New Jersey-based NRG Energy in a permit application that could fracture an almost 30-year moratorium on nuclear power plant creation in the U.S.
  • After Unit 1 came online in 1988, it had to be shut down after water-pump shaft seared off in May, showering debris “all over the place,” according to Nucleonics Week. The next month two breakers failed during a test of backup power, leading to an explosion that sheared off a steam-generator pump and shot the shaft into the station yard. After the second unit went online the next year, there were a series of fires and failures leading to a half-million-dollar federal fine in 1993 against Houston Power. Then the plant went offline for 14 months. Not the glorious launch the partnership had hoped for. Today, CPS officials still do not know how much STP has cost the city, though they insist overall it has been a boon worth billions. “It’s not a cut-and-dried analysis. We’re doing what we can to try to put that in terms that someone could share and that’s a chore,” said spokesman McCollough. CPS has appealed numerous Open Records requests by the Current to the state Attorney General. The utility argues that despite being owned by the City they are not required to reveal, for instance, how much it may cost to build a plant or even how much pollution a plant generates, since the electricity market is a competitive field.
  • How do we usher in this new utopia of decentralized power? First, we have to kill CPS and bury it — or the model it is run on, anyway. What we resurrect in its place must have sustainability as its cornerstone, meaning that the efficiency standards the City and the utility have been reaching for must be rapidly eclipsed. Not only are new plants not the solution, they actively misdirect needed dollars away from the answer. Whether we commit $500 million to build a new-fangled “clean-coal” power plant or choose to feed multiple billions into a nuclear quagmire, we’re eliminating the most plausible option we have: rapid decentralization.
  • A 2003 study at the Massachusetts Institute of Technology estimates the cost of nuclear power to exceed that of both coal and natural gas. A U.S. Energy Information Administration report last year found that will still be the case when and if new plants come online in the next decade. If ratepayers don’t pay going in with nuclear, they can bet on paying on the way out, when virtually the entire power plant must be disposed of as costly radioactive waste. The federal government’s inability to develop a repository for the tens of thousands of tons of nuclear waste means reactors across the country are storing spent fuel in onsite holding ponds. It is unclear if the waste’s lethality and tens of thousands of years of radioactivity were factored into NEAT’s glowing analysis.
  • The federal dump choice, Nevada’s Yucca Mountain, is expected to cost taxpayers more than $60 billion. If it opens, Yucca will be full by the time STP 3&4 are finished, requiring another federal dump and another trainload of greenbacks. Just the cost of Yucca’s fence would set you back. Add the price of replacing a chain-link fence around, let’s say, a 100-acre waste site. Now figure you’re gonna do that every 50 years for 10,000 years or more. Security guards cost extra. That is not to say that the city should skip back to the coal mine. Thankfully, we don’t need nukes or coal, according to the American Council for an Energy-Efficient Economy, a D.C.-based non-profit that champions energy efficiency. A collection of reports released this year argue that a combination of ramped-up efficiency programs, construction of numerous “combined heat and power” facilities, and installation of on-site renewable energy resources would allow the state to avoid building new power plants. Texas could save $73 billion in electric generation costs by spending $50 billion between now and 2023 on such programs, according to the research group. The group also claims the efficiency revolution would even be good for the economy, creating 38,300 jobs. If ACEEE is even mostly right, plans to start siphoning millions into a nuclear reservoir look none too inspired.
  • To jump tracks will take a major conversion experience inside CPS and City Hall, a turning from the traditional model of towering plants, reels of transmission line, and jillions of dependent consumers. CPS must “decentralize” itself, as cities as close as Austin and as far away as Seattle are doing. It’s not only economically responsible and environmentally sound, but it is the best way to protect our communities entering what is sure to be a harrowing century. Greening CPS CPS is grudgingly going greener. In 2004, a team of consultants, including Wisconsin-based KEMA Inc., hired to review CPS operations pegged the utility as a “a company in transition.” Executives interviewed didn’t understand efficiency as a business model. Even some managers tapped to implement conservation programs said such programs were about “appearing” concerned, according to KEMA’s findings.
  • While the review exposed some philosophical shortcomings, it also revealed for the first time how efficiency could transform San Antonio. It was technically possible, for instance, for CPS to cut electricity demand by 1,935 megawatts in 10 years through efficiency alone. While that would be accompanied with significant economic strain, a less-stressful scenario could still cut 1,220 megawatts in that period — eliminating 36 percent of 2014’s projected energy use. CPS’s current plans call for investing $96 million to achieve a 225-megawatt reduction by 2016. The utility plans to spend more than four times that much by 2012 upgrading pollution controls at the coal-fired J.T. Deely power plant.
  • In hopes of avoiding the construction of Spruce 2 (now being built, a marvel of cleanliness, we are assured), Citizen Oversight Committee members asked KEMA if it were possible to eliminate 500 megawatts from future demand through energy efficiency alone. KEMA reported back that, yes, indeed it was possible, but would represent an “extreme” operation and may have “unintended consequences.” Such an effort would require $620 million and include covering 90 percent of the cost of efficiency products for customers. But an interesting thing happens under such a model — the savings don’t end in 2012. They stretch on into the future. The 504 megawatts that never had to be generated in 2012 end up saving 62 new megawatts of generation in 2013 and another 53 megawatts in 2014. With a few tweaks on the efficiency model, not only can we avoid new plants, but a metaphorical flip of the switch can turn the entire city into one great big decentralized power generator.
  • Even without good financial data, the Citizen’s Advisory Board has gone along with the plan for expansion. The board would be “pennywise and pound foolish” not to, since the city is already tied to STP 1&2, said at-large member Jeannie O’Sullivan. “Yes, in the past the board of CPS had been a little bit not as for taking on a [greater] percentage of nuclear power. I don’t know what their reasons were, I think probably they didn’t have a dialogue with a lot of different people,” O’Sullivan said.
  • For this, having a City-owned utility offers an amazing opportunity and gives us the flexibility to make most of the needed changes without state or federal backing. “Really, when you start looking, there is a lot more you can do at the local level,” said Neil Elliott of the ACEEE, “because you control building codes. You control zoning. You can control siting. You can make stuff happen at the local level that the state really doesn’t have that much control of.” One of the most empowering options for homeowners is homemade energy provided by a technology like solar. While CPS has expanded into the solar incentives field this year, making it only the second utility in the state to offer rebates on solar water heaters and rooftop panels, the incentives for those programs are limited. Likewise, the $400,000 CPS is investing at the Pearl Brewery in a joint solar “project” is nice as a white tiger at a truck stop, but what is truly needed is to heavily subsidize solar across the city to help kickstart a viable solar industry in the state. The tools of energy generation, as well as the efficient use of that energy, must be spread among the home and business owners.
  • Joel Serface, with bulb-polished pate and heavy gaze, refers to himself as a “product of the oil shock” who first discovered renewables at Texas Tech’s summer “geek camp.” The possibilities stayed with him through his days as a venture capitalist in Silicon Valley and eventually led him to Austin to head the nation’s first clean-energy incubation center. Serface made his pitch at a recent Solar San Antonio breakfast by contrasting Texas with those sun-worshipping Californians. Energy prices, he says, are “going up. They’re not going down again.” That fact makes alternative energies like solar, just starting to crack the 10-cent-per-killowatt barrier, financially viable. “The question we have to solve as an economy is, ‘Do we want to be a leader in that, or do we want to allow other countries [to outpace us] and buy this back from them?’” he asked.
  • To remain an energy leader, Texas must rapidly exploit solar. Already, we are fourth down the list when it comes not only to solar generation, but also patents issued and federal research awards. Not surprisingly, California is kicking silicon dust in our face.
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Phase-Out Hurdle: Germany Could Restart Nuclear Plant to Plug Energy Gap [21Jul11] - 0 views

  • Nuclear Phase-Out Related articles, background features and opinions about this topic. Print E-Mail Feedback 07/13/2011   Phase-Out Hurdle Germany Could Restart Nuclear Plant to Plug Energy Gap dapd Germany might need to switch a nuclear power plant back on. Germany's energy agency is warning that one of the German reactors mothballed in the wake of Fukushima may have to be restarted to make up for possible power shortages this winter and next. Berlin is also   using money earmarked for energy efficiency to subsidize coal-fired power plants. For reasons of data protection and privacy, your IP address will only be stored if you are a registered user of Facebook and you are currently logged in to the service. For more detailed information, please click on the "i" symbol. Nuclear energy, as has become abundantly clear this year, has no future in Germany. For once the government, the parliament and the public all agree: Atomic reactors in the country will be history a decade from now. Before that can happen, however, the country has to find alternate power sources. In fact, amid concerns that supply shortages this winter could result in temporary blackouts, Germany's Federal Network Agency on Tuesday indicated that one of the seven reactors shut down in the immediate wake of the Fukushima nuclear disaster in Japan could be restarted this winter to fill the gap . "The numbers that we currently have indicate that one of these nuclear energy plants will be needed," said agency head Matthias Kurth on Tuesday in Berlin. He said that ongoing analysis has indicated that fossil fuel-powered plants would not prove to be adequate as a backup.
  • Nuclear Phase-Out Related articles, background features and opinions about this topic. Print E-Mail Feedback 07/13/2011   Phase-Out Hurdle Germany Could Restart Nuclear Plant to Plug Energy Gap dapd Germany might need to switch a nuclear power plant back on. Germany's energy agency is warning that one of the German reactors mothballed in the wake of Fukushima may have to be restarted to make up for possible power shortages this winter and next. Berlin is also   using money earmarked for energy efficiency to subsidize coal-fired power plants. For reasons of data protection and privacy, your IP address will only be stored if you are a registered user of Facebook and you are currently logged in to the service. For more detailed information, please click on the "i" symbol. Nuclear energy, as has become abundantly clear this year, has no future in Germany. For once the government, the parliament and the public all agree: Atomic reactors in the country will be history a decade from now. Before that can happen, however, the country has to find alternate power sources. In fact, amid concerns that supply shortages this winter could result in temporary blackouts, Germany's Federal Network Agency on Tuesday indicated that one of the seven reactors shut down in the immediate wake of the Fukushima nuclear disaster in Japan could be restarted this winter to fill the gap
  • Nuclear Phase-Out Related articles, background features and opinions about this topic. Print E-Mail Feedback 07/13/2011  Phase-Out Hurdle Germany Could Restart Nuclear Plant to Plug Energy Gap dapd Germany might need to switch a nuclear power plant back on. Germany's energy agency is warning that one of the German reactors mothballed in the wake of Fukushima may have to be restarted to make up for possible power shortages this winter and next. Berlin is also using money earmarked for energy efficiency to subsidize coal-fired power plants.
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Economic Aspects of Nuclear Fuel Reprocessing [12Jul05] - 0 views

  • On Tuesday, July 12, the Energy Subcommittee of the House Committee on Science will hold a hearing to examine whether it would be economical for the U.S. to reprocess spent nuclear fuel and what the potential cost implications are for the nuclear power industry and for the Federal Government. This hearing is a follow-up to the June 16 Energy Subcommittee hearing that examined the status of reprocessing technologies and the impact reprocessing would have on energy efficiency, nuclear waste management, and the potential for proliferation of weapons-grade nuclear materials.
  • Dr. Richard K. Lester is the Director of the Industrial Performance Center and a Professor of Nuclear Science and Engineering at the Massachusetts Institute of Technology. He co-authored a 2003 study entitled The Future of Nuclear Power. Dr. Donald W. Jones is Vice President of Marketing and Senior Economist at RCF Economic and Financial Consulting, Inc. in Chicago, Illinois. He co-directed a 2004 study entitled The Economic Future of Nuclear Power. Dr. Steve Fetter is the Dean of the School of Public Policy at the University of Maryland. He co-authored a 2005 paper entitled The Economics of Reprocessing vs. Direct Disposal of Spent Nuclear Fuel. Mr. Marvin Fertel is the Senior Vice President and Chief Nuclear Officer at the Nuclear Energy Institute.
  • 3. Overarching Questions  Under what conditions would reprocessing be economically competitive, compared to both nuclear power that does not include fuel reprocessing, and other sources of electric power? What major assumptions underlie these analyses?  What government subsidies might be necessary to introduce a more advanced nuclear fuel cycle (that includes reprocessing, recycling, and transmutation—''burning'' the most radioactive waste products in an advanced reactor) in the U.S.?
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  • 4. Brief Overview of Nuclear Fuel Reprocessing (from June 16 hearing charter)  Nuclear reactors generate about 20 percent of the electricity used in the U.S. No new nuclear plants have been ordered in the U.S. since 1973, but there is renewed interest in nuclear energy both because it could reduce U.S. dependence on foreign oil and because it produces no greenhouse gas emissions.  One of the barriers to increased use of nuclear energy is concern about nuclear waste. Every nuclear power reactor produces approximately 20 tons of highly radioactive nuclear waste every year. Today, that waste is stored on-site at the nuclear reactors in water-filled cooling pools or, at some sites, after sufficient cooling, in dry casks above ground. About 50,000 metric tons of commercial spent fuel is being stored at 73 sites in 33 states. A recent report issued by the National Academy of Sciences concluded that this stored waste could be vulnerable to terrorist attacks.
  • Under the current plan for long-term disposal of nuclear waste, the waste from around the country would be moved to a permanent repository at Yucca Mountain in Nevada, which is now scheduled to open around 2012. The Yucca Mountain facility continues to be a subject of controversy. But even if it opened and functioned as planned, it would have only enough space to store the nuclear waste the U.S. is expected to generate by about 2010.  Consequently, there is growing interest in finding ways to reduce the quantity of nuclear waste. A number of other nations, most notably France and Japan, ''reprocess'' their nuclear waste. Reprocessing involves separating out the various components of nuclear waste so that a portion of the waste can be recycled and used again as nuclear fuel (instead of disposing of all of it). In addition to reducing the quantity of high-level nuclear waste, reprocessing makes it possible to use nuclear fuel more efficiently. With reprocessing, the same amount of nuclear fuel can generate more electricity because some components of it can be used as fuel more than once.
  • The greatest drawback of reprocessing is that current reprocessing technologies produce weapons-grade plutonium (which is one of the components of the spent fuel). Any activity that increases the availability of plutonium increases the risk of nuclear weapons proliferation.  Because of proliferation concerns, the U.S. decided in the 1970s not to engage in reprocessing. (The policy decision was reversed the following decade, but the U.S. still did not move toward reprocessing.) But the Department of Energy (DOE) has continued to fund research and development (R&D) on nuclear reprocessing technologies, including new technologies that their proponents claim would reduce the risk of proliferation from reprocessing.
  • The report accompanying H.R. 2419, the Energy and Water Development Appropriations Act for Fiscal Year 2006, which the House passed in May, directed DOE to focus research in its Advanced Fuel Cycle Initiative program on improving nuclear reprocessing technologies. The report went on to state, ''The Department shall accelerate this research in order to make a specific technology recommendation, not later than the end of fiscal year 2007, to the President and Congress on a particular reprocessing technology that should be implemented in the United States. In addition, the Department shall prepare an integrated spent fuel recycling plan for implementation beginning in fiscal year 2007, including recommendation of an advanced reprocessing technology and a competitive process to select one or more sites to develop integrated spent fuel recycling facilities.''
  • During floor debate on H.R. 2419, the House defeated an amendment that would have cut funding for research on reprocessing. In arguing for the amendment, its sponsor, Mr. Markey, explicitly raised the risks of weapons proliferation. Specifically, the amendment would have cut funding for reprocessing activities and interim storage programs by $15.5 million and shifted the funds to energy efficiency activities, effectively repudiating the report language. The amendment was defeated by a vote of 110–312.
  • But nuclear reprocessing remains controversial, even within the scientific community. In May 2005, the American Physical Society (APS) Panel on Public Affairs, issued a report, Nuclear Power and Proliferation Resistance: Securing Benefits, Limiting Risk. APS, which is the leading organization of the Nation's physicists, is on record as strongly supporting nuclear power. But the APS report takes the opposite tack of the Appropriations report, stating, ''There is no urgent need for the U.S. to initiate reprocessing or to develop additional national repositories. DOE programs should be aligned accordingly: shift the Advanced Fuel Cycle Initiative R&D away from an objective of laying the basis for a near-term reprocessing decision; increase support for proliferation-resistance R&D and technical support for institutional measures for the entire fuel cycle.''  Technological as well as policy questions remain regarding reprocessing. It is not clear whether the new reprocessing technologies that DOE is funding will be developed sufficiently by 2007 to allow the U.S. to select a technology to pursue. There is also debate about the extent to which new technologies can truly reduce the risks of proliferation.
  •  It is also unclear how selecting a reprocessing technology might relate to other pending technology decisions regarding nuclear energy. For example, the U.S. is in the midst of developing new designs for nuclear reactors under DOE's Generation IV program. Some of the potential new reactors would produce types of nuclear waste that could not be reprocessed using some of the technologies now being developed with DOE funding.
  • 5. Brief Overview of Economics of Reprocessing
  • The economics of reprocessing are hard to predict with any certainty because there are few examples around the world on which economists might base a generalized model.  Some of the major factors influencing the economic competitiveness of reprocessing are: the availability and cost of uranium, costs associated with interim storage and long-term disposal in a geologic repository, reprocessing plant construction and operating costs, and costs associated with transmutation, the process by which certain parts of the spent fuel are actively reduced in toxicity to address long-term waste management.
  • Costs associated with reducing greenhouse gas emissions from fossil fuel-powered plants could help make nuclear power, including reprocessing, economically competitive with other sources of electricity in a free market.
  •  It is not clear who would pay for reprocessing in the U.S.
  • Three recent studies have examined the economics of nuclear power. In a study completed at the Massachusetts Institute of Technology in 2003, The Future of Nuclear Power, an interdisciplinary panel, including Professor Richard Lester, looked at all aspects of nuclear power from waste management to economics to public perception. In a study requested by the Department of Energy and conducted at the University of Chicago in 2004, The Economic Future of Nuclear Power, economist Dr. Donald Jones and his colleague compared costs of future nuclear power to other sources, and briefly looked at the incremental costs of an advanced fuel cycle. In a 2003 study conducted by a panel including Matthew Bunn (a witness at the June 16 hearing) and Professor Steve Fetter, The Economics of Reprocessing vs. Direct Disposal of Spent Nuclear Fuel, the authors took a detailed look at the costs associated with an advanced fuel cycle. All three studies seem more or less to agree on cost estimates: the incremental cost of nuclear electricity to the consumer, with reprocessing, could be modest—on the order of 1–2 mills/kWh (0.1–0.2 cents per kilowatt-hour); on the other hand, this increase represents an approximate doubling (at least) of the costs attributable to spent fuel management, compared to the current fuel cycle (no reprocessing). Where they strongly disagree is on how large an impact this incremental cost will have on the competitiveness of nuclear power. The University of Chicago authors conclude that the cost of reprocessing is negligible in the big picture, where capital costs of new plants dominate all economic analyses. The other two studies take a more skeptical view—because new nuclear power would already be facing tough competition in the current market, any additional cost would further hinder the nuclear power industry, or become an unacceptable and unnecessary financial burden on the government.
  • 6. Background
  •  
    Report from the Subcommitte on Energy, Committee on Science for House of Representatives. Didn't highlight the entire article, see site for the rest.
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Did Fukushima kill the nuclear renaissance No, that renaissance died right here at home... - 0 views

shared by D'coda Dcoda on 04 Nov 11 - No Cached
  • In the aftermath of the Fukushima Daiichi nuclear disaster in Japan, many wondered what the event’s impact would be on the nuclear renaissance in the United States. Those who follow the nuclear industry didn’t need eight months of hindsight to give an answer: what nuclear renaissance? The outlook for U.S. nuclear power has worsened considerably in the past five years. Where once there were plans for new reactors at more than 30 different sites, today there are only five, and even those planned reactors might disappear. Only one is actually under construction, and to credit the industry with breaking ground on a new reactor is overstating its prospects. However, none of this gloom is the result of Japan’s tsunami. On the eve of the Tohoku earthquake, U.S. nuclear power looked just as moribund as it is today. The cause of this decline is not renewed concerns about safety, or even that old red herring, waste disposal — instead, it is simple economics. Other technologies, particularly natural gas, offer much cheaper power than nuclear both today and in the foreseeable future.
  • In 2009, the MIT Future of Nuclear Power study released an update to its 2003 estimate of the costs of nuclear power. Estimating a capital cost of $4,000/kW and a fuel cost of $0.67/MMBtu, the study’s authors projected a cost of new nuclear power of 6.6 cents/kWh. Using the same modeling approach, the cost of electricity from a natural gas plant with capital costs of $850/kW and fuel costs of $5.16/MMBtu would be 4.4 cents/kWh. What’s worse, the estimate of 6.6 cents/kWh assumes that nuclear power is able to secure financing at the same interest rate as natural gas plants. In reality, credit markets assign a significant risk premium to nuclear power, bringing its total levelized cost of electricity to 8.4 cents/kWh, nearly twice the cost of natural gas power. Unless the capital costs of new nuclear power plants turn out to be significantly less than what experts expect, or natural gas prices rise considerably in the near future, there is little reason to believe that any new nuclear plants will be built without significant subsidies. This is not to say that nuclear power could not make a comeback within the next 10 to 20 years. But before nuclear can once again be considered a credible competitor to fossil fuels, four changes must happen.
  • The second problem facing nuclear power is its high borrowing costs. To some extent, this problem is a natural consequence of nuclear power plants taking a longer time to build than natural gas plants and having a much higher construction risk (the capital cost of natural gas plants is well-established relative to that of nuclear power). And likewise, to some extent, this problem might resolve itself over time, both as the completion of nuclear plants helps nail down the true capital cost of nuclear power, and as vendors add smaller, modular reactor designs to their list of offerings. But much of the reason behind the high interest rates on loans to nuclear construction is that the industry is scoring an own-goal. In the current relationship between utilities and reactor vendors, utilities are asked to absorb all of the costs of a vendor’s overruns — if a reactor ends up costing a couple billion dollars more than the vendor quotes, it’s the utility that is expected to make up the difference.
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  • This is terrifying for a utility’s creditors. The largest utilities in the United States have market capitalizations in the area of $30 billion, while most hover closer to $5 billion. If a nuclear project should fail, the utility might go completely bankrupt, leaving nothing to those foolish enough to lend them money. Accordingly, nuclear projects face higher borrowing costs than other electric projects. It doesn’t have to be this way — if reactor vendors and construction companies helped share the project risks posed by nuclear plants, borrowing costs would be lower. It is also possible for the U.S. government to shoulder some of the risk — but after Solyndra, few legislators have an appetite for letting energy companies push their risks onto the taxpayer.
  • Next, the United States is going to have to adopt some form of carbon tax on electricity generation, or offer a comparable subsidy to the nuclear industry. An appropriately sized carbon tax of $20/ton CO2 would raise the cost of natural-gas-generated electricity by 0.7 cents/kWh, while having a negligible impact on nuclear power
  • And finally, the nuclear industry is just going to have to catch some luck and see natural gas prices rise. That’s a tall order, given the new resources being opened up by hydraulic fracturing and the slowed consumption of natural gas brought about by the recession. But it’s not entirely outside of the realm of possibility — the futures market for natural gas has been wrong before.
  • Nuclear power is down, but not out. With a proper R&D focus, good business practices, appropriate policy, and a little luck, the gulf that separates nuclear power from its competitors may yet be bridged.
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Why You Should Ignore Germany's Nuclear U-Turn [02Jun11] - 0 views

  • According to German Chancellor Angela Merkel, “We want the electricity of the future to be safe, reliable and economically viable.” And in her mind, nuclear power doesn’t fit the bill anymore. She’s wrong. The truth is, nuclear power is safe, reliable, clean and cheap. And that’s precisely why global nuclear capacity is going to keep increasing, by as much as 50% between now and 2020. It’s also the reason why the long-term investment thesis for uranium stocks remains compelling
  • Don’t Let Recent Events Mislead You As humans, we have a tendency toward recency bias. In other words, we give recent events extra importance when making decisions. The recent radiation crisis in Japan is an example.
  • believing that nuclear power is now suddenly unsafe is patently wrong. As the following chart shows, nuclear power is actually the safest form of energy production available. And if anything, the crisis at Japan’s 40-year-old Fukushima Daiichi plant is only going to increase the safety precautions at existing and new nuclear power plants
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  • Not only is nuclear power safest, it also happens to be extremely clean. Nuclear power generation produces virtually no greenhouse gases. It’s one of the most economical energy sources, too. It only costs about $0.04 per kilowatt hour (kWh) to produce electricity with nuclear power, compared to $0.08 per kWh for wind and more than $0.18 per kWh for solar.
  • While Germany Pulls a U-ey, Follow China, India and America Instead While Germany’s nuclear decision has made headlines this week, the positive future for nuclear power was underlined a few weeks ago when two of the fastest-growing global economies gave the industry a big shot in the arm. ~ China: On May 12, China’s Nuclear Energy Association announced plans to boost the country’s nuclear power capacity as much as eight times by 2020. ~ India: A day later, India’s Atomic Energy Commission announced plans to increase production 13-fold by 2020. And they’re not alone. Although the United States didn’t announce any specific growth plans, it’s certainly not abandoning nuclear power production.
  • In the aftermath of the Japan crisis, the U.S. Nuclear Regulatory Commission said it would scrutinize nuclear license renewals. But in April, the commission renewed the operating license for the largest nuclear power plant in the United States for another 20 years. And as Jeff Eerkens, an adjunct professor at the University of Missouri’s Nuclear Science and Energy Institute, estimates, the United States needs to quintuple its number of power plants to keep up with electricity demand.
  • Power Demand is Rising… and We Need Nuclear to Meet It
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France Commits to Nuclear Future [07Jul11] - 0 views

  • As a long time proponent of nuclear power, last week France announced that it will invest $1.4 billion in its nuclear energy program, diverging from contentious deliberation from neighboring states on nuclear energy policy after the earthquake and tsunami in Japan that damaged the Fukushima Daiichi plant in March. The President of France, Nicholas Sarkozy, issued a strong commitment announcing the energy funding package by declaring there is “no alternative to nuclear energy today.” With the capital used to fund fourth generation nuclear power plant technology, focusing research development in nuclear safety, the announcement validates many decades of energy infrastructure and legacy expansion. France currently operates the second largest nuclear fleet in the world with 58 reactors, responsible for supplying more than 74 percent of domestic electricity demand supplied to the world’s fifth largest economy last year. At the end of last month, French uranium producer, Areva Group (EPA:AREVA), and Katko announced plans to increase production to 4,000 tonnes of uranium next year.  Katco is a joint venture for Areva, the world’s largest builder of nuclear power plants, and Kazatomprom the national operator for uranium prospecting, exploration and production for Kazakhstan.
  • German closure The pronouncement to maintain the nuclear prominence in France provides a strong counterweight to other countries in the region. Germany recently announced the phased shutdown of its 17 nuclear power stations by 2022.  Last week, Germany’s federal parliament voted overwhelmingly to close its remaining nine active plants according to a preset 11 year schedule. A Federal Network Agency, which oversees German energy markets, will decide by the end of September whether one of the eight nuclear plants already closed in recent months should be kept ready on a “cold reserve” basis, to facilitate the transition for national energy supply. The German commitment to an energy policy transition indicates that the national power mix towards renewable sources will have to double from its present range of 17 percent to an ambitious 35 percent. Subsidies for hydro electric and geothermal energy will increase; however, financial support for biomass, solar, and wind energy will be reduced. German Chancellor Angela Merkel has said she would prefer for utility suppliers not to make up any electrical shortfalls after 2022 by obtaining nuclear power from neighboring countries like France. Germany will require an expansive supergrid to effectively distribute electricity from the north to growing industrial urban centers like Munich, in the south. In order to execute this plan the new laws call for the addition of some 3,600 kilometers of high capacity power lines. Germany’s strategy will partially include the expansion of wind turbines on the North Sea, enabling some 25,000 megawatts’ worth of new offshore wind power which will have to be developed by 2030. Nuclear persistence in the United Kingdom Last month, the government in the United Kingdom maintained its strong commitment to nuclear energy, confirming a series of potential locations for new nuclear builds.  The national policy statements on energy said renewables, nuclear and fossil fuels with carbon capture and storage “all have a part to play in delivering the United Kingdom’s decarbonisation objectives,” and confirmed eight sites around the country as suitable for building new nuclear stations by 2025. The statements, which are to be debated in Parliament, include a commitment for an additional 33,000 megawatts of renewable energy capacity, while the government said more than $160 billion will be required to replace around 25 percent of the country’s generating capacity, due to close by 2020. The Scottish government has also softened its tough opposition to nuclear power, following recognition by the energy minister of a “rational case” to extend operations at Scotland’s two nuclear plants. Additional Eurozone participation In June, Italian voters rejected a government proposal to reintroduce nuclear power. The plan by Prime Minister Silvio Berlusconi to restart Italy’s nuclear energy program abandoned during the 1980s, was rejected by 94 percent of voters in the referendum. Another regional stakeholder, the Swiss government has decided not to replace the four nuclear power plants that supply about 40 percent of the country’s electricity. The last of Switzerland’s power nuclear plants is expected to end production by 2034, leaving time for the country to develop alternative power sources. Although the country is home to the oldest nuclear reactor presently in operation, the Swiss Energy Foundation has stated an objective to work for “an ecological, equitable and sustainable energy policy”. Its “2000 watt society” promotes energy solutions which employ renewable energy resources other than fossil fuels or nuclear power.
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Karl Grossman: The Nuclear Gang Regroups [29Jun11] - 0 views

  • As the disaster at the Fukushima Daiichi nuclear power plant complex continued to unfold, the nuclear gang—principals of the nuclear industry and pro-nuclear members of the U.S. Congress and the Obama administration—held a two-day “summit” in Washington, D.C. last week on pushing for new nuclear plant construction.
  • The conclusion about the impacts of Fukushima on their drive for a “renaissance” of nuclear power: it will be only a “speed bump,” as participants put it at the Special Summit on New Nuclear Energy.
  • “The momentum of the renaissance has hit a speed bump,” Ganpat Mani, president and CEO of ConverDyn which produces uranium hexafluoride which is used to produce fuel for nuclear power plants. ConverDyn is a partnership between Honeywell and General Atomics.
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  • Llewelyn King, who hosts “White House Chronicle” on PBS television, and was the summit’s moderator, asked a panel titled “Lessons from Fukushima” whether its four members considered “Fukushima a speed bump, Armageddon or something in between” for the nuclear industry.
  • William Tucker, author of Terrestrial Energy stressed that nuclear power is needed to provide carbon-free energy to counter global warming, and thus despite the Fukushima situation will do well.
  • A featured speaker at the event held June 21 and 22 was William D. Magwood IV, a member of the U.S. Nuclear Regulatory Commission. Although the commission is supposed to regulate the industry without a pro-nuclear bias, Magwood is a staunch advocate of nuclear power. Indeed, at a similar but pre-Fukushima nuclear summit at Idaho National Laboratory in December, Magwood, then head of the Office of Nuclear Energy in the U.S. Department of Energy, bemoaned that “we in the United States have not seen…a new successful nuclear power plant project, since 1973 and our research, industrial and educational bases have eroded dramatically in the last decade.”
  • Other members of the council include the nuclear industry trade group Nuclear Energy Institute;  Babcock & Wilcox, manufacturer of the Three Mile Island nuclear plant that  underwent a partial meltdown in 1979; Duke Energy, a U.S. utility long a booster of nuclear power; the Tennessee Valley Authority, a U.S. government-created public power company heavily committed to nuclear power; Uranium Producers of America; and AREVA, the French government-financed nuclear power company that has been moving to expand into the U.S. and worldwide
  • The Special Summit on New Nuclear Energy was organized by the U.S. Nuclear Infrastructure Council. Council members include General Electric, the manufacturer of the Fukushima nuclear power plants and, since 2006, in partnership in its nuclear plant business with the Japanese corporation Hitachi
  • He praised the “new general nuclear technology”—much of which is being developed at the DOE’s Idaho National Laboratory—at that December 7 meeting called the New Millennium Nuclear Energy Summit
  • A running point at the summit was the need to “educate the public” about the benefits of nuclear power despite Fukushima
  • There was also much complaining about a series of Associated Press articles on nuclear power by investigative reporter Jeff Dunn that started running a day before the summit began. On June 20, the AP series of expose’s launched with an article about how “federal regulators have been working closely with the nuclear power industry to keep the nation’s aging reactors operating within safety standards by repeatedly weakening those standards
  • Other speakers at the summit included: John Kelly, an Obama administration Department of Energy deputy assistant for nuclear reactor technologies; Matthew Milazzo representing an entity called the Blue Ribbon Commission on America’s Nuclear Future set up by the Obama administration; and Congressman Ed Whitfield of Kentucky, chairman of the House Energy & Power Subcommittee, a leading nuclear power backer in Congress
  • In addition to “Lessons from Fukushima,” there were panels on “China, India & Emerging Global Nuclear Markets,” “Advancing Nuclear Technology” and “State of the Renaissance,”
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Nuclear plant workers developed cancer despite lower radiation exposure than legal limi... - 0 views

  • Of 10 nuclear power plant workers who have developed cancer and received workers' compensation in the past, nine had been exposed to less than 100 millisieverts of radiation, it has been learned.
  • The revelation comes amid reports that a number of workers battling the crisis at the Fukushima No. 1 Nuclear Power Plant were found to have been exposed to more than the emergency limit of 250 millisieverts, which was raised from the previous limit of 100 millisieverts in March.
  • According to Health, Labor and Welfare Ministry statistics, of the 10 nuclear power plant workers, six had leukemia, two multiple myeloma and another two lymphatic malignancy. Only one had been exposed to 129.8 millisieverts but the remaining nine were less than 100 millisieverts, including one who had been exposed to about 5 millisieverts.
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  • Nobuyuki Shimahashi, a worker at the Hamaoka Nuclear Power Plant, where operations were recently suspended by Chubu Electric Power Co., died of leukemia in 1991 at age 29. His 74-year-old mother Michiko remembers her son dropping from 80 kilograms to 50 kilograms and his gums bleeding
  • Shimahashi was in charge of maintaining and checking measuring instruments inside the nuclear power plant as a subcontract employee. He had 50.63 millisieverts of radiation exposure over a period of eight years and 10 months.
  • His radiation exposure monitoring databook, which was returned to his family six months after his death, showed that more than 30 exposure figures and other listings had been corrected in red ink and stamped with personal seals.
  • Even after he was diagnosed with leukemia, the databook had a stamp indicating permission for him to engage in a job subject to possible radiation exposure and a false report on his participation in nuclear safety education while he was in reality in hospital.
  • "The workers at the Fukushima nuclear power plant may be aware that they are risking their lives while doing their jobs. However, the state and electric power companies should also think about their families. If I had heard it was 'dangerous,' I would not have sent Nobuyuki to the nuclear power plant," Michiko Shimahashi said. "The workers who have done nothing wrong should not die. The emergency upper limit should be cut immediately." Workers' compensation for nuclear power plant workers rarely receives a mention.
  • When it comes to being entitled to workers' compensation due to diseases other than cancer, the hurdle is much higher.
  • Ryusuke Umeda, a 76-year-old former welder in the city of Fukuoka, worked at the Shimane Nuclear Power Plant run by Chugoku Electric Power Co. in Matsue and the Tsuruga Nuclear Power Plant run by Japan Atomic Power Co. in Tsuruga, Fukui Prefecture, between February and June 1979. He soon had symptoms such as nose bleeding and later chronic fatigue before having a heart attack in 2000. He suspected nuclear radiation, applied for workers' compensation in 2008 but was rejected.
  • His radiation exposure stood at 8.6 millisieverts. Umeda says, "Nuclear power plant workers have been used for the benefit of plant operators. If left unchecked, there will be many cases like mine."
  • The current guidelines for workers' compensation due to radiation exposure only certify leukemia among various types of cancer. In these cases compensation is granted only when an applicant is exposed to more than 5 millisieverts of radiation a year and develops leukemia more than one year after being exposed to nuclear radiation. For other types of cancer, the health ministry's study group decides if applicants are eligible for workers' compensation.
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How safe is India's nuclear energy programme? [23Aug11] - 0 views

  • The March nuclear disaster in Fukushima in Japan led countries with nuclear power plants to revisit safety measures. The International Atomic Energy Agency constituted a global expert fact-finding mission to the island nation. The purpose of the mission was to ascertain facts and identify initial lessons to be learned for sharing with the nuclear community.
  • The mission submitted its report in June and the report stated in clear terms that “there were insufficient defence for tsunami hazards. Tsunami hazards that were considered in 2002 were underestimated. Additional protective measures were not reviewed and approved by the regulatory authority. Severe accident management provisions were not adequate to cope with multiple plant failures”.
  • Further, on the regulatory environment the report states: “Japan has a well organized emergency preparedness and response system as demonstrated by the handling of the Fukushima accident. Nevertheless, complicated structures and organizations can result in delays in urgent decision making.” The inability to foresee such extreme scenarios is a forewarning to countries that are expanding nuclear capacity at a frenzied pace.
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  • For India, this is a lesson and an exceptional opportunity to relook at the protected structures of the department of atomic energy (DAE), and establish more transparent processes and procedures.
  • In the past, the Three Mile Island incident (1979) and Chernobyl accident (1986) had provided similar opportunities to evaluate nuclear safety and regulatory systems. India, in response to these incidents, constituted safety audits to assess the safety of nuclear power plants. However, A. Gopalakrishnan, (a former chairman of Atomic Energy Regulatory Board) in his recent article said, “DAE management classified these audit reports as ‘top secret’ and shelved them. No action was taken on the committee’s findings.”
  • If this is so, these reports, or at least action-taken reports, ought to have been published and made available. Such steps could have guaranteed DAE considerable public faith in the functioning of regulatory authorities and given significant confidence in engaging with stakeholders in the present expansion plan.
  • Nuclear Power Corp. of India Ltd, post-Fukushima has undertaken safety evaluation of 20 operating power plants and nuclear power plants under construction. The inm report titled Safety Evaluation of Indian Nuclear Power Plants Post Fukushima Incident suggested a series of safety measures that must be incorporated in all the audited nuclear power plants in a time-bound manner. Measures pertain to strengthening technical and power systems, automatic reactor shutdown on sensing seismic activity, enhancement of tsunami bunds at all coastal stations, etc.
  • However, in the same breath, the report provides assurance by stating that, “adequate provisions exist at Indian nuclear power plants to handle station blackout situations and maintain continuous cooling of reactor cores for decay heat removal”. Further, the reports recalls, “the incidents at Indian nuclear power plants, like prolonged loss of power supplies at Narora plant in 1993, flood incident at Kakrapar plant in 1994 and tsunami at Madras (Chennai) plant in 2004 were managed successfully with existing provisions.”
  • DAE’s official response, post-Fukushima, has been cautious while providing assurance. Separately, DAE has made it clear the nuclear energy programme will continue as planned after incorporating the additional safety features identified by the safety audit report.
  • Prime Minister Manmohan Singh in his speech two days ago in West Bengal was emphatic about the future of India’s nuclear energy programme. He said that “there would be no looking back on nuclear energy. We are in the process of expanding our civil nuclear energy programme. Even as we do so, we have to ensure that the use of nuclear energy meets the highest safety standards. This is a matter on which there can be no compromise”.
  • S. Banerjee, chairman of Atomic Energy Commission and secretary DAE at the International Atomic Energy Agency Ministerial Conference on Safety, categorically said: “India’s effort has been to achieve continuous improvement and innovation in nuclear safety with the basic principle being, safety first, production next.” This is important at a time when we are in the process of expanding nuclear capacity at an incredible pace.
  • Currently, there are several domestic and international power projects in the pipeline. DAE has projected 20,000MWe (megawatt electric) by 2020 from present 4,780MWe, a fourfold increase from the current production. Going further, Banerjee stated that India hopes to achieve targets exceeding 30,000MWe by 2020 and 60,000MWe by 2032. This is a tall order, considering our experience in executing major infrastructure projects. DAE has struggled in the past to achieve targets.
  • Execution of these targets is to be achieved by importing high-capacity reactors and through DAE’s own programme. As we see greater activity in the nuclear energy sector?which was traditionally not transparent in engaging with the public?the trust deficit could only widen as we expand the programme
  • Land acquisition is already a major concern for infrastructure projects and has become an issue at the proposed Jaitapur nuclear power plant as well. However, the biggest challenge in this expansion would be to convince the public of the safety and security of nuclear power plants and also arrive at a comprehensive information and communication package for states in whose territory projects are being executed. Because of the nature of India’s nuclear programme?the combined existence of civilian and military programmes?the nation may not be in a position to achieve the kind of regulatory autonomy, process and engagement that has been witnessed in many European countries and in the US.
  • The bifurcation of India’s nuclear establishment into civilian and military, subsequent to commitment under India-US civil nuclear cooperation has provided with the prospect of an empowered regulatory system.
  • Incidents in Jaitapur and the Fukushima nuclear disaster have further pushed the government to commit to establish an independent nuclear regulator, the Bill of which is expected to be in Parliament any time this year. Nuclear programme is likely to face more complex issues in the future with respect to environment, social and health. Neighbouring countries may also join the chorus soon since some of the proposed nuclear power plant sites are close to our borders
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Investigation Finds 7 Cases Of NISA & Power Companies Faked Nuclear Support [05Oct11] - 0 views

  • An independent investigation of power companies and the regulatory agency NISA found a total of 7 situations where nuclear support was faked by power company employees. All of the power companies named either have MOX plutonium mix fuel running in a reactor at the area in question or were attempting to do so. There were also influence attempts related to restarts. The companies were accused of influencing public opinion back in July, the investigation agreed that this was the case. NISA colluded with the power companies to have employees pose as average people in support of the nuclear power companies plans. One power company employee went so far as to pretend to be a farmer in a meeting. The employees did not disclose their relationship with the power companies and it is thought that these staged events heavily influenced the approval of the projects.
  • People familiar with the industry said this kind of thing has been going on for 20-30 years. Another known tactic is for employees to attend the meeting in large numbers in order to deny available seats to the public. This tactic being a method to push out any dissent and control the debate. TEPCO has admitted it used employee influence tactics at meetings on the desired restart of Kashiwazaki-Kariwa after it was shut down due to damage from a 2007 earthquake. Companies named in the investigation: Kyushu Electric Power Co.’s Genkai plant Shikoku Electric Power Co.’s Ikata plant Chubu Electric Power Co.’s Hamaoka plant Tohoku Electric Power Co.’s  Onagawa Hokkaido Electric Power Co.’s Tomari
  • Power companies in Japan running MOX fuel Tomari’s plan to run MOX fuel and influence public support
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Senator Lamar Alexander: "Nuclear Power Is the Most Reliable and Useful Source of Green... - 0 views

  • U.S. Senator Lamar Alexander (R-Tenn.), chairman of the Senate Republican Conference, delivered a speech this week at the International V.M. Goldschmidt Conference in Knoxville.  Alexander serves on the Senate Environment and Public Works Committee and is the chairman of the Tennessee Valley Authority Congressional Caucus.  His remarks as prepared follow:
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  • in a speech in Oak Ridge in May of 2009, I called for America to build 100 new nuclear plants during the next twenty years.  Nuclear power produces 70 percent of our pollution-free, carbon-free electricity today.  It is the most useful and reliable source of green electricity today because of its tremendous energy density and the small amount of waste that it produces.  And because we are harnessing the heat and energy of the earth itself through the power of the atom, nuclear power is also natural.
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  • Forty years ago, nuclear energy was actually regarded as something of a savior for our environmental dilemmas because it didn’t pollute.  And this was well before we were even thinking about global warming or climate change.  It also didn’t take up a great deal of space.  You didn’t have to drown all of Glen Canyon to produce 1,000 megawatts of electricity.  Four reactors would equal a row of wind turbines, each one three times as tall as Neyland Stadium skyboxes, strung along the entire length of the 2,178-mile Appalachian Trail.   One reactor would produce the same amount of electricity that can be produced by continuously foresting an area one-and-a-half times the size of the Great Smoky Mountains National Park in order to create biomass.  Producing electricity with a relatively small number of new reactors, many at the same sites where reactors are already located, would avoid the need to build thousands and thousands of miles of new transmission lines through scenic areas and suburban backyards. 
  • While nuclear lost its green credentials with environmentalists somewhere along the way, some are re-thinking nuclear energy because of our new environmental paradigm – global climate change.  Nuclear power produces 70 percent of our carbon-free electricity today.  President Obama has endorsed it, proposing an expansion of the loan guarantee program from $18 billion to $54 billion and making the first award to the Vogtle Plant in Georgia.  Nobel Prize-winning Secretary of Energy Steven Chu wrote recently in The Wall Street Journal about developing a generation of mini-reactors that I believe we can use to repower coal boilers, or more locally, to power the Department of Energy’s site over in Oak Ridge.  The president, his secretary of energy, and many environmentalists may be embracing nuclear because of the potential climate change benefits, but they are now also remembering the other positive benefits of nuclear power that made it an environmental savior some 40 years ago
  • The Nature Conservancy took note of nuclear power’s tremendous energy density last August when it put out a paper on “Energy Sprawl.”  The authors compared the amount of space you need to produce energy from different technologies – something no one had ever done before – and what they came up with was remarkable.  Nuclear turns out to be the gold standard.  You can produce a million megawatts of electricity a year from a nuclear reactor sitting on one square mile.  That’s enough electricity to power 90,000 homes.  They even included uranium mining and the 230 square miles surrounding Yucca Mountain in this calculation and it still comes to only one square mile per million megawatt hours
  • And for all that, each turbine has the capacity to produce about one-and-a-half megawatts.  You need three thousand of these 50-story structures to equal the output of one nuclear reactor
  • When people say “we want to get our energy from wind,” they tend to think of a nice windmill or two on the horizon, waving gently – maybe I’ll put one in my back yard.   They don’t realize those nice, friendly windmills are now 50 stories high and have blades the length of football fields.  We see awful pictures today of birds killed by the Gulf oil spill.  But one wind farm in California killed 79 golden eagles in one year. The American Bird Conservancy says existing turbines can kill up to 275,000 birds a year.
  • Coal-fired electricity needs four square miles, because you have to consider all the land required for mining and extraction.  Solar thermal, where they use the big mirrors to heat a fluid, takes six square miles.  Natural gas takes eight square miles and petroleum takes 18 square miles – once again, including all the land needed for drilling and refining and storing and sending it through pipelines.  Solar photovoltaic cells that turn sunlight directly into electricity take 15 square miles and wind is even more dilute, taking 30 square miles to produce that same amount of electricity.
  • , wind power can be counted on to be there 10 to 15 percent of the time when you need it.  TVA can count on nuclear power 91 percent of the time, coal, 60 percent of the time and natural gas about 50 percent of the time.  This is why I believe it is a taxpayer rip-off for wind power to be subsidized per unit of electricity at a rate of 25 times the subsidy for all other forms of electricity combined. 
  • the “problem of nuclear waste” has been overstated because people just don’t understand the scale or the risk.  All the high-level nuclear waste that has ever been produced in this country would fit on a football field to a height of ten feet.  That’s everything.  Compare that to the billion gallons of coal ash that slid out of the coal ash impoundment at the Kingston plant and into the Emory River a year and a half ago, just west of here.  Or try the industrial wastes that would be produced if we try to build thousands of square miles of solar collectors or 50-story windmills.  All technologies produce some kind of waste.  What’s unique about nuclear power is that there’s so little of it.
  • Now this waste is highly radioactive, there’s no doubt about that.  But once again, we have to keep things in perspective.  It’s perfectly acceptable to isolate radioactive waste through storage.  Three feet of water blocks all radiation.  So does a couple of inches of lead and stainless steel or a foot of concrete.  That’s why we use dry cask storage, where you can load five years’ worth of fuel rods into a single container and store them right on site.  The Nuclear Regulatory Commission and Energy Secretary Steven Chu both say we can store spent fuel on site for 60 or 80 years before we have to worry about a permanent repository like Yucca Mountain
  • then there’s reprocessing.  Remember, we’re now the only major nuclear power nation in the world that is not reprocessing its fuel.  While we gave up reprocessing in the 1970s, the French have all their high-level waste from 30 years of producing 80 percent of their electricity stored beneath the floor of one room at their recycling center in La Hague.  That’s right; it all fits into one room.  And we don’t have to copy the French.  Just a few miles away at the Oak Ridge National Laboratory they’re working to develop advanced reprocessing technologies that go well beyond what the French are doing, to produce a waste that’s both smaller in volume and with a shorter radioactive life.  Regardless of what technology we ultimately choose, the amount of material will be astonishingly small.  And it’s because of the amazing density of nuclear technology – something we can’t even approach with any other form of energy
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Japan casts doubt on Israeli nuclear energy [13Mar11] - 0 views

  • Friday's 8.9 magnitude earthquake in Japan, which damaged four nuclear power plants, will make it harder for Minister of National Infrastructures Uzi Landau to realize his dream of a nuclear power plant in Israel, which is also in a seismic zone. The problem is not only the increased public awareness about safe risks of nuclear power plants, but also skyrocketing costs to build them.
  • Landau and other ministry officials have said that they want to build a nuclear power plant at Shivta in the Negev. Israel Electric Corporation (IEC) (TASE: ELEC.B22) is an enthusiastic supporter of the plan, and is financing a department of nuclear engineering at Ben Gurion University. The IEC workers committee has obtained a Ministry of Finance promise for the company to build the plant, known as Project E, involving two 1,200-megawatt power plants to generate 10% of Israel's electricity needs, in 2025-35. The advantages of large nuclear power plants equal their disadvantages, however. It is easy to store the nuclear fuel, which can operate the plant for decades. There are no emissions of greenhouse gases, and nuclear power is considered a cleaner fuel than natural gas. The new fourth generation of reactors is intended to provide almost perfect solutions to the operational safety risks.
  • The biggest obstacle facing Israel's building of a nuclear power plant is the fact that Israel is not a signatory of the Non-Proliferation Treaty (NPT). The government believes that it is possible to get around this obstacle through diplomatic means, using the precedent set by India. Another problem is the government's inability to realize strategic infrastructure projects on schedule. For example, just a few months ago, a collection of environmental organizations and local authorities blocked the construction of a terminal for the Tamar gas field at Dor Beach near Hadera. Without thorough reform of planning and building procedures, the government has no chance of passing a plan to build a nuclear power plant.
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  • These obstacles, however, are likely to become insignificant in the face of spiraling costs to build nuclear power plants. Recent studies estimate the cost of building nuclear power plants at $3,600 per kilowatt installed, which translates into $4-5 billion for a 1,200-megawatt power station.
  • Friday's earthquake in Japan, which shut down several power plants, and has resulted in a crisis and possible core meltdown at the Fukushima Daiichi Nuclear Power Station, will undoubtedly further boost these costs to meet even tougher safety requirements.
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Uranium diet: US nuclear power industry could face fuel shortage [25Sep13] - 0 views

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    Russia has been supplying US nuclear power plants with fuel for a dumping price since 1995. But with the HEU-LEU agreement coming to an end, America's nuclear power generation industry is likely to face a sharp fuel price surge and shortage. The HEU-LEU agreement (Megatons to Megawatts Program) signed in 1993 supposed downblending of 500 tons of Soviet-made military grade highly enriched uranium (HEU) (equivalent to 20,000 nuclear warheads) into low-enriched uranium (LEU) to produce fuel for American nuclear power plants out of it. The program supplied up to 40 percent of nuclear fuel for America's 104 nuclear reactors (America's 65 nuclear power plants generate over 19 percent of electric power in the country)
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The Environmental Case for Nuclear Energy - Korea [26Sep11] - 0 views

  • Six months after the Fukushima disaster, the repercussions of history’s second-largest nuclear meltdown are still being felt, not only in Japan but around the world. Predictably, people are rethinking the wisdom of relying on nuclear power. The German and Swiss governments have pledged to phase out the use of nuclear power, and Italy has shelved plans to build new reactors. Public debate on future nuclear energy use continues in the United Kingdom, Japan, Finland, and other countries.So far, it is unclear what the reaction of the Korean government will be. Certainly, the public backlash to nuclear energy that has occurred elsewhere in the world is also evident in Korea; according to one study, opposition to nuclear energy in Korea has tripled since the Fukushima disaster. However, there are countervailing considerations here as well, which have caused policy-makers to move cautiously. Korea’s economy is often seen as particularly reliant on the use of nuclear power due to its lack of fossil fuel resources, while Korean companies are some of the world’s most important builders (and exporters) of nuclear power stations.
  • There are three primary reasons why nuclear power is safer and greener than power generated using conventional fossil fuels. First ― and most importantly ― nuclear power does not directly result in the emission of greenhouse gases. Even when you take a life-cycle approach and factor in the greenhouse gas emissions from the construction of the plant, there is no contest. Fossil fuels ― whether coal, oil, or natural gas ― create far more global warming.
  • The negative effects of climate change will vastly outweigh the human and environmental consequences of even a thousand Fukushimas. This is not the place to survey all the dire warnings that have been coming out of the scientific community; suffice it to quote U.N. Secretary General Ban Ki-moon’s concise statement that climate change is the world’s “only one truly existential threat … the great moral imperative of our era.” A warming earth will not only lead to death and displacement in far-off locales, either. Typhoons are already hitting the peninsula with greater intensity due to the warming air, and a recent study warns that global warming will cause Korea to see greatly increased rates of contagious diseases such as cholera and bacillary dysentery.
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  • As the world’s ninth largest emitter of greenhouse gases, it should be (and is) a major priority for Korea to reduce emissions, and realistically that can only be accomplished by increasing the use of nuclear power. As Barack Obama noted with regard to the United States’ energy consumption, “Nuclear energy remains our largest source of fuel that produces no carbon emissions. It’s that simple. (One plant) will cut carbon pollution by 16 million tons each year when compared to a similar coal plant. That’s like taking 3.5 million cars off the road.” Environmentalists have traditionally disdained nuclear power, but even green activists cannot argue with that logic, and increasing numbers of them ― Patrick Moore, James Lovelock, Stewart Brand and the late Bishop Hugh Montefiore being prominent examples ― have become supporters of the smart use of nuclear power.
  • Second, the immediate dangers to human health of conventional air pollution outweigh the dangers of nuclear radiation. In 2009, the Seoul Metropolitan Government measured an average PM10 (particulate) concentration in the city of 53.8 g/m3, a figure that is roughly twice the level in other developed nations. According to the Gyeonggi Research Institute, PM10 pollution leads to 10,000 premature deaths per year in and around Seoul, while the Korea Economic Institute has estimated its social cost at 10 trillion won. While sulfur dioxide levels in the region have decreased significantly since the 1980s, the concentration of nitrogen dioxide in the air has not decreased, and ground-level ozone levels remain high. Unlike fossil fuels, nuclear power does not result in the release of any of these dangerous pollutants that fill the skies around Seoul, creating health hazards that are no less serious for often going unnoticed.
  • And third, the environmental and safety consequences of extracting and transporting fossil fuels are far greater than those involved with the production of nuclear power. Korea is one of the largest importers of Indonesian coal for use in power plants, for example. This coal is not always mined with a high level of environmental and safety protections, with a predictable result of air, water, and land pollution in one of Asia’s most biologically sensitive ecosystems. Coal mining is also one of the world’s more dangerous occupations, as evidenced by the many tragic disasters involving poorly managed Chinese mines. While natural gas is certainly a better option than coal, its distribution too can be problematic, whether by ship or through the recently proposed pipeline that would slice down through Siberia and North Korea to provide direct access to Russian gas.
  • What about truly green renewable energy, some might ask ― solar, wind, geothermal, hydroelectric, and tidal energy? Of course, Korea would be a safer and more sustainable place if these clean renewable resources were able to cover the country’s energy needs. However, the country is not particularly well suited for hydroelectric projects, while the other forms of renewable energy production are expensive, and are unfortunately likely to remain so for the foreseeable future. The fact is that most Koreans will not want to pay the significantly higher energy prices that would result from the widespread use of clean renewables, and in a democratic society, the government is unlikely to force them to do so. Thus, we are left with two realistic options: fossil fuels or nuclear. From an environmental perspective, it would truly be a disaster to abandon the latter.
  • By Andrew Wolman Andrew Wolman is an assistant professor at the Hankuk University of Foreign Studies Graduate School of International and Area Studies, where he teaches international law and human rights.
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Japan Nuclear Agency Adds to Mistrust [30Sep11] - 0 views

  • An independent panel advising Japan's Ministry of Economy, Trade and Industry confirmed Friday that the ministry's nuclear watchdog was involved in attempts by utilities to manipulate public opinion in favor of nuclear power, a conclusion likely to reinforce public mistrust in the nuclear industry and to raise further hurdles for the restart of idled reactors. The ministry also announced later in the day that it has suspended former Nuclear and Industrial Safety Agency spokesman Hidehiko Nishiyama for one month after finding he engaged in inappropriate sexual conduct with a female staffer during working hours at the height of the nuclear crisis. The panel's conclusion is likely to renew calls for reforming governance at power companies, which have a reputation for being secretive about their nuclear-power operations and for covering up mishaps at their plants.
  • "The revelations may further undermine public confidence in nuclear policy after the disaster at the Fukushima Daiichi nuclear plant," said Takashi Oizumi, chairman of the panel and former public prosecutor, at a news conference. The panel looked into 41 government-sponsored events over five years. No attempts of manipulation were found at symposiums involving Tokyo Electric Power Co., the operator of the Fukushima plant. According to the panel report, the ministry's officials—mostly from its NISA offices—asked the operators of five nuclear-power plants to encourage employees, between 2005 and 2009, to attend government-sponsored briefings and symposiums and to express opinions in favor of nuclear energy.
  • Such gatherings are meant to provide an opportunity for the government to explain nuclear-power policy and for the public to express opinions. Local mayors and governors often used such events to gauge public opinion and make decisions on whether they would proceed in line with the government's nuclear policy. The government already announced over the summer plans to overhaul the regulation of nuclear power and to step up safety checks at nuclear plants. But there has been little sign that public confidence in nuclear-power is returning. Only 11 of the nation's 54 commercial reactors remain in operation.
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  • Opposition Liberal Democratic Party lawmaker Taro Kono argued that the utilities can't be trusted without a complete overhaul of their corporate governance, including the appointment of external board members. The symposiums in question were on the use of uranium-plutonium mixed-oxide fuel at Kyushu Electric Power Co.'s Genkai plant in October 2005, Shikoku Electric Power Co.'s Ikata plant in June 2006, Chubu Electric Power Co.'s Hamaoka plant in August 2007, and Hokkaido Electric Power Co.'s Tomari plant in 2008. NISA also was found to have been involved in briefing sessions about the quake resistance of Tohoku Electric Power Co.'s Onagawa plant in October 2006. Mr. Nishiyama was replaced as NISA spokesman in June following media reports that he was having an extramarital affair while serving as the public face of the ministry during the Fukushima Daiichi disaster between March and June. He continued to work at the ministry.
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Nuclear Power is Not Dead--Not By a Long Shot [13Apr11] - 0 views

  • Obviously, the last thing the nuclear power industry needed was another black eye. Yet even with ongoing disaster in Japan, the nuclear power revival is one that cannot be stopped — even by the combined power of an earthquake and a tsunami. Outside of the dramatic news coverage, the atomic beat goes on. Here's why... As desirable as it is to develop a safer alternative, nuclear power is still one of the bedrocks of the power generation that fuels the world economy.
  • All told, 442 nuclear power plants across the globe provide roughly 14% of its electricity generation. That figure is going to be impossible to finesse or eliminate... even under the best-case scenarios for the development of wind, solar power, and/or other forms of alternative energy. According to the International Energy Association (IEA), world electricity demand is likely to grow 2.7 percent a year from now until 2015, and then at 2.4 percent annually until 2030 — making nuclear power even more of a necessary evil.
  • Nuclear Revival Lives The result: The nuclear industry is experiencing a major global power surge. Worldwide, 65 reactors are already under construction with 344 more reactors planned. Add it all up and it makes for a 92% increase from today's levels for the global nuclear industry. Even through the lens of the Fukishima disaster, this trend will go on long after the current Japanese turmoil leaves the headlines
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  • Why?
  • Because realistically, there is no other course
  • One of the design developments for investors to keep an eye on is in construction of what are known as small modular reactors (SMRs). This new school category of plants is defined as reactors making less than 300 megawatts of electricity, or the amount needed to power 300,000 American homes. (That's about a quarter of the energy output of today's big reactors.)
  • Factory-built and delivered on site, small modular reactors have the potential to change the nuclear landscape. In this case, it's as simple as time and money. Because unlike large reactors that cost as much as $10 billion and take five years to build, small modular reactors can be built in half the time and for as little as $5000 per kilowatt capacity. What's more, the modular units arrive on site ready to "plug and play", dramatically changing the old model of time and cost. But here's the real kicker: SMRs are designed for a high level of passive or inherent safety in the event of a malfunction.
  • according to a 2010 report by the American Nuclear Society, many of the prudent safety provisions already built in large reactors are unnecessary in the smaller designs. And their smaller size also allows them to be built underground, making them considerably less vulnerable to the events that caused the Fukishima disaster
  • “This is a reactor that is designed with safety first,” says Victor Reis, senior advisor in the Office of Undersecretary of Energy for Science, “not one that you do the physics first and then add the safety on.”
  • These smaller designs also have the support of the current administration, whose 2012 budget request provides $67 million to help companies develop smaller plants and win regulatory approval for their designs. Meanwhile, the Commerce Department recently called SMRs a “tremendous new commercial opportunity for U.S. firms and workers” since, according to the International Atomic Energy Agency, the global demand for small modular reactors could reach 500 to 1,000 reactors by 2040.
  • One of the early leaders in this new trend is a long-time nuclear player called Babcock and Wilcox (NYSE: BWC).
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