Skip to main content

Another Look at Work Force Issues

Late on Friday afternoon, The WSJ Energy Blog picked up on an issue we've been writing about for some time now, namely the challenges ahead for the industry as it faces of wave of retirements inside the nuclear work force:
The shrinking nuclear power workforce is “a big issue,” that the industry would have to resolve even if new nuclear plants weren’t on the drawing board, said Randy Hutchinson, senior vice president of nuclear business development for New Orleans-based Entergy Corp. “Building new plants, to some extent, compounds that problem,” he said.

About 27% of the nation’s nuclear power employees, about 15,600 workers, will be eligible to retire in the next five years, according to the Nuclear Energy Institute, the industry’s Washington lobbying group. Nearly half U.S. nuclear power employees are older than 47, and less than 8% are younger than 32, according to the NEI. Meanwhile, the number of university nuclear engineering programs has declined in the U.S. to about 29 from 65 in 1980, turning out fewer nuclear engineers.
But while the facts in the post might all be true -- after all, they came from NEI -- it still doesn't tell the whole story.

For starters, I suggest you read these two fact sheets produced by NEI:

Nuclear Energy Industry Initiatives Target Looming Shortage of Skilled Workers
Expanded Manufacturing Capacity Needed To Support New Nuclear Plant Construction

And as NRC Chairman Dale Klein said in a speech earlier this year, his agency is well aware of the challenge as well -- one that isn't limited to utilities.

Finally, be sure to check out our Careers and Education section at NEI.org.

Comments

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...