Rep. Dingell at the Detroit Economic Club

Earlier today, Rep. John Dingell (D-MI) gave a speech at the Detroit Economic Club entitled, "Strengthening Our Economy & Protecting Our Environment: An Update from Capitol Hill". The Wall Street Journal reports:

At a Detroit Economic Club luncheon, Mr. Dingell, a Michigan Democrat and chairman of the House Energy and Commerce Committee, said he is determined to craft an economy-wide "cap-and-trade" policy to reduce carbon-dioxide emissions and that it is time to ask whether the federal mileage regime, known as Corporate Average Fuel Economy, or CAFE, "does, will or can do the job it was meant to address."

Instead of focusing on CAFE, Mr. Dingell in his prepared remarks proposed crafting legislation that spreads the emissions-regulation burden "evenly and equally," among several industries, including oil companies and electric utilities.

Standing by on a transcript from Rep. Dingell's office. Meanwhile, back in Washington...

Earlier this year at the same podium, DTE Energy President and CEO Tony Earley gave a speech on the future of nuclear energy.

Comments

Anonymous said…

Rep. Dingell's speech may be found at:

< http://energycommerce.house.gov/Press_110/110st51.shtml >

He mentions nuclear energy only once, and in relation to coal:

"Second, we are going to have to address the role of coal. I’ve heard a lot of concerns about the environmental impact of coal. I’m also reminded by my friends from coal country that the US is the Saudi Arabia of coal. That’s a tension we will have to resolve. I expect a similarly vigorous discussion about the role of nuclear energy."

Regards,

Paul Primavera

May 15, 2007 at 7:57 AM

Activists' Claims Distort Facts about Advanced Reactor Design

Below is from our rapid response team . Yesterday, regional anti-nuclear organizations asked federal nuclear energy regulators to launch an investigation into what it claims are “newly identified flaws” in Westinghouse’s advanced reactor design, the AP1000. During a teleconference releasing a report on the subject, participants urged the Nuclear Regulatory Commission to suspend license reviews of proposed AP1000 reactors. In its news release, even the groups making these allegations provide conflicting information on its findings. In one instance, the groups cite “dozens of corrosion holes” at reactor vessels and in another says that eight holes have been documented. In all cases, there is another containment mechanism that would provide a barrier to radiation release. Below, we examine why these claims are unwarranted and why the AP1000 design certification process should continue as designated by the NRC. Myth: In the AP1000 reactor design, the gap between the shield bu...

What Happens During a Refueling Outage?

You may have noticed over the past few weeks that a number of nuclear plants are shut down for refueling outages or are resuming operations after just returning from one. This type of routine outage usually occurs in the spring or fall when electricity demand is low so that nuclear reactors can replace about one-third of the spent fuel rods with new fuel and conduct other routine maintenance and repairs at the plant. To get a better sense of how refueling works at a nuclear energy facility, I spoke with Marcus Nichol, NEI’s senior project manager for used fuel storage and transportation, and asked him to explain the basics. Why does a nuclear plant need to replace one-third of its fuel? Nichol: The main purpose of a refueling outage is to replace older fuel that is depleted—meaning it can no longer efficiently produce energy from nuclear fission reactions—with new fuel. This “used fuel” has typically been used in the reactor for four-and-a-half to six years before it is pe...

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...

NEI Nuclear Notes

Search This Blog