Skip to main content

Why Houston Needs Nuclear Energy Now

In January, NEI CEO Skip Bowman addressed the Houston Forum and had the following to say about why the city and the state should give nuclear energy a second look:
In 2004, South Texas Project and Comanche Peak produced about 11 percent of the state'’s electricity.

Replacing the South Texas Project (STP) and Comanche Peak generating capacity with fossil fuel sources would mean an additional 31.6 million tons of carbon dioxide. That'’s the equivalent of emissions from six out of every seven cars in the state.

By building emission-free generating capacity such as new nuclear power plants to meet growing electricity demand, we reduce the clean-air compliance costs that otherwise would fall on other types of generating capacity that do produce emissions. Nuclear power plants create headroom underneath emissions caps for the industrial sector and for transportation, and to allow continued economic growth.

To the extent we build new nuclear power plants, we also reduce the demands placed on natural gas supply. This time last year, as many of you know, the Texas Institute for the Advancement of Chemical Technology proposed construction of a new nuclear power plant in the Texas Gulf Coast region. That study was inspired, in part, by the desire to free up natural gas supplies used in the electric sector for hard-pressed industrial users.

The idea deserves your consideration.
This week in the indie weekly, the Houston Press, Josh Harkinson considers the question, and comes to an interesting conclusion.

Here's what he had to say after speaking with a Texas Tech biology professor who had visited Chernobyl:
Perhaps more than any living American, [Ronald]n Chesser understands how nuclear power can spawn untold horrors in an instant. Which is why it might seem odd that he supports building new reactors. Chesser has joined an increasingly diverse group of scientists, energy analysts and even environmentalists who believe the United States must meet its energy needs by going back to the nuclear future. Many of these advocates of atom splitting support building a nuclear plant near Houston.

It's a scary proposition, and it may be the best one we've got.
While like a lot of folks in the nuclear energy industry, I don't like seeing the use of the word, "scary" in this context, but the reporter deserves credit for putting away his preconceptions and listening to the facts. And click here for an honest look at the pros and cons of alternative sources of energy, and their drawbacks vis a vis nuclear energy.

Technorati tags: , , , , , , , , ,

Comments

Rorschach said…
He doesn't do a terribly good job of it. If you stripped off the last sentence, the meaning of the entire article would turn 180 degrees!

That my friends is called "front loading"

Popular posts from this blog

Fluor Invests in NuScale

You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...

Wednesday Update

From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...