Skip to main content

With Friends Like This...

One-time media mogul Ted Turner gave a backhanded compliment to nuclear energy last night:
The broadcast mogul Ted Turner told a group of wealthy philanthropists yesterday that the country needs to turn to nuclear power as part of a new energy plan, but that terrorists could blow up a nuclear power plant.

The multibillionaire megaphilanthropist called power plants "gigantic land mines" but said, "At the end of the day, I think it's a risk we have to accept."
As we've said he before at NEI, we beg to differ, and believe nuclear power plants are the best defended pieces of industrial infrastructure in the U.S.

Senator Schumer seems to agree with us.

For more from our Web site, click here. For a post we did on provisions for air attack on nuclear facilities, click here.

Technorati tags: , , , , , ,

Comments

Anonymous said…
Greetings,

"gigantic land mines"... indeed, and unnecessary, too.

If Ted Turner's really serious about this he would be interested to see NUREG-2859 "Evaluation of Aircraft Hazards for Nuclear Power Stations" (Argonne National Lab, 1982) as it shows the actual lack of consideration and analyses on aircraft impacts for current reactor designs, an area of common concern that we share with Turner that NEI & NRC continue to ignore in a revised Design Basis Threat even for the new designs like AREVA’s.

Turner's remark begs the question of what are the real costs of security for the defense of nuclear power plants (a “nuclear” arms in-and-of-itself)? In fact, it is clearly a cost that NEI and NRC don’t want clarified because they're unwilling to afford in an increasingly competitive electricity market. He can see the proof in the GAO's March 2006 Report to the Chairman of the Subcommittee on National Security, Emerging Threats and International Relations, “Nuclear Power Plants: Efforts Made to Upgrade Security, but the Nuclear Regulatory Commission’s Design Basis Threat Process Should be Improved.”

Gunter, NIRS

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...