Skip to main content

What's the Best Energy Advice to the Next President?

By
It's to go nuclear according to Charles Groat at the Houston Chronicle:
The next president of the United States can strike an early blow for sound energy policy by actively promoting our increased use of nuclear power.

...

Ghosts from the past and emotional arguments not backed by scientific fact continue to be used to disparage nuclear power. The fear of a Chernobyl-like catastrophe and memories of the Three Mile Island incident (which resulted in no injuries or deaths) continue to concern many despite the fact that outmoded Russian technology has long been abandoned and the safety record of U.S. nuclear power plants is admirable.

The concern getting the most political mileage is the waste issue. Deep geologic disposal has been accepted by virtually all nations as the ultimate resting place for their spent nuclear fuel or reprocessing residues. The United States has led the world in committing to a site for its waste and preparing it for licensing. We have also set records for throwing unnecessary obstacles in the way of readying the site for use. Yucca Mountain, Nevada, the proposed site for retrievable storage of U.S. high-level nuclear waste, has been studied in great detail. It is a technically sound site. But the Nevada congressional delegation, overcome by NIMBY (not in my backyard) sickness, has allied in opposition to the site with environmental interests seeking reasons to stall nuclear power development.

...

Our next president and our country should learn from the French and take comfort in the fact that nuclear power has lived up to its potential in this large and modern nation.
Labels:

Comments

Anonymous said…
An outstanding post. Regardless of who wins, Congress needs to make sure that the licensing process for Yucca Mountain is fully funded. The correct way to determine whether the science supporting the site is correct is to proceed with the NRC's independent review of the DOE license application.
February 26, 2008 at 1:18 AM
Post a Comment

Popular posts from this blog

Fluor Invests in NuScale

By
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...
1 comment
Read more

Wednesday Update

By
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...
Post a Comment
Read more

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

By
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...
Post a Comment
Read more