Skip to main content

Maine House Tables Nuclear Study Group Proposal

Maine Representative Bob Walker is concerned about his state's energy future, so he introduced legislation in that state' House of Representatives to create a nuclear energy study group to prepare to build new nuclear power plants.

Unfortunately, the effort was defeated:
A roll call vote this week, which divided along party lines, approved a motion to “indefinitely postpone” the Walker amendment, effectively killing it.

Rep. Walker submitted the legislation to amend LD 1851, a bill to establish the State of Maine as a member of the Regional Greenhouse Gas Initiative (RGGI), a 10-state agreement designed to reduce emission of carbon dioxide by electricity generating plants. That bill has been passed by the Legislature.

The Walker amendment would have created the Maine Nuclear Power Council to explore the need for carbon-free alternatives for power generation.

The council, consisting of seven members, would have been responsible for examining ways to reduce Maine’s reliance on fossil fuels to produce electricity, while lowering the state’s greenhouse gas emissions.

It also would have coordinated the planning for potential construction of a nuclear power facility, including location research and environmental impact. The council would have reported annually to the legislative committee with jurisdiction over energy matters.

“Sooner or later, we will need nuclear power to meet the energy needs of Maine and reduce our greenhouse gas emissions,” said the first-term legislator from Lincolnville. “Our major power plants run on fossil fuels — oil and natural gas. Not only are these finite resources that will eventually run out, but they pump CO2 into the atmosphere.”
Until it was decommissioned in 1997, Maine Yankee produced 45% of the state'e electricity -- a shortfall that has been made up by building new natural gas-fired generating capacity that comes part and parcel with rising greenhouse gas emissions.

Please note that a similar legislative task force in Wisconsin just completed proposed legislation to lift that state's moratorium against new nuclear build.

Comments

Anonymous said…
After seeing what a determined and vocal minority were able to do to Maine Yankee, I don't think any sane CEO would invest in another nuke within driving distance of Boston.

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...