Skip to main content

New Nuclear Plants Okayed in Florida

A Florida regulatory agency, the Public Service Commission, has unanimously endorsed Progress Energy's proposal to build two new nuclear reactors on a site in Levy County. If approved by state and federal regulators, the two reactors could begin operations by 2016-2017.

Earlier this year, the Public Service Commission expressed unanimous consent on Florida Power & Light's request to build two new reactor units at its Turkey Point plant in Miami-Dade County.

Comments

Anonymous said…
$14B (according to Platts) is a lot of money for 2.2 GW of electricity. That is $6363 per kW installed. Not very long ago, people used to cower in fear if someone mentioned $3000 per kW. I am extremely pro-nuclear, but it is starting to look way too expensive at these price levels. $14B can easily escalate to $20B.
Funky said…
Check out the Rocky Mountain Institute website for more on the fallacies of nuclear power:
http://www.rmi.org/images/PDFs/Energy/E08-01_AmbioNucIllusion.pdf

Since the Keystone findings, new nuclear plants’ uniquely rapid capital-cost escalation,
far from abating, has accelerated. The same top trade journal summarizes how the latest analyses,
including one by Keystone coauthor Jim Harding (former director of strategic planning at
Seattle City Light), have found the Keystone report’s lower cost range of $3,600/kW “no longer
believable” and its upper range of $4,000/kW “probably low.”27 Harding’s estimate of total current
construction costs (2007 $ including interest during construction) of ~$4,300–4,550/kW
matches prospective customer Constellation’s published, then redacted, estimate of
~$4,300/kW.28 That’s slightly above Standard & Poor’s (S&P’s) May 200729 and American Electric
Power’s August 2007 estimates of ~$4,000/kW, but well below Moody’s October 2007 estimate30
of ~$5,000–6,000/kW—which Moody’s called admittedly “only marginally better than a
guess” but still solid grounds for caution.
By early 2008, industry estimates were creeping even above Moody’s dismaying range.
In September 2007, Lew Hay, CEO of FPL Group, said the total cost of a new nuclear plant (all
in mixed future dollars as-spent) could be ~$5,000–7,000/kW, or “on the order of magnitude of
$13 to $14 billion” for a two-unit plant. Yet just five months later, FPL31 filed formal cost estimates
up to nearly twice that high—$12–24 billion (again in mixed future dollars) for a 2.2–
3.04-GW two-unit plant, equivalent to ~$4,200–6,100/kW in 2007.
Anonymous said…
http://www.rmi.org/images/PDFs/Energy/E08-01_
AmbioNucIllusion.pdf
Try again :>)
David Bradish said…
funky, I guess you missed the whole debate on why RMI's paper you just referenced is junk. Here's a link on why it's junk if you're interested in learning something.

Anon, no doubt nuclear plants are expensive to build. Many utilities, however, have found that all electricity technologies have become substantially more expensive as well and that new nuclear plants are still economical.
Joe Gimenez said…
Hi:
I'm doing research for a paper. Could someone tell me whether these plants are the earliest new plants to come on line in the U.S.? How about worldwide?

Is there an official report on this somewhere.
thanks,

Popular posts from this blog

How Nanomaterials Can Make Nuclear Reactors Safer and More Efficient

The following is a guest post from Matt Wald, senior communications advisor at NEI. Follow Matt on Twitter at @MattLWald.

From the batteries in our cell phones to the clothes on our backs, "nanomaterials" that are designed molecule by molecule are working their way into our economy and our lives. Now there’s some promising work on new materials for nuclear reactors.

Reactors are a tough environment. The sub atomic particles that sustain the chain reaction, neutrons, are great for splitting additional uranium atoms, but not all of them hit a uranium atom; some of them end up in various metal components of the reactor. The metal is usually a crystalline structure, meaning it is as orderly as a ladder or a sheet of graph paper, but the neutrons rearrange the atoms, leaving some infinitesimal voids in the structure and some areas of extra density. The components literally grow, getting longer and thicker. The phenomenon is well understood and designers compensate for it with a …

Missing the Point about Pennsylvania’s Nuclear Plants

A group that includes oil and gas companies in Pennsylvania released a study on Monday that argues that twenty years ago, planners underestimated the value of nuclear plants in the electricity market. According to the group, that means the state should now let the plants close.

Huh?

The question confronting the state now isn’t what the companies that owned the reactors at the time of de-regulation got or didn’t get. It’s not a question of whether they were profitable in the '80s, '90s and '00s. It’s about now. Business works by looking at the present and making projections about the future.

Is losing the nuclear plants what’s best for the state going forward?

Pennsylvania needs clean air. It needs jobs. And it needs protection against over-reliance on a single fuel source.


What the reactors need is recognition of all the value they provide. The electricity market is depressed, and if electricity is treated as a simple commodity, with no regard for its benefit to clean air o…

Why Nuclear Plant Closures Are a Crisis for Small Town USA

Nuclear plants occupy an unusual spot in the towns where they operate: integral but so much in the background that they may seem almost invisible. But when they close, it can be like the earth shifting underfoot.

Lohud.com, the Gannett newspaper that covers the Lower Hudson Valley in New York, took a look around at the experience of towns where reactors have closed, because the Indian Point reactors in Buchanan are scheduled to be shut down under an agreement with Gov. Mario Cuomo.


From sea to shining sea, it was dismal. It wasn’t just the plant employees who were hurt. The losses of hundreds of jobs, tens of millions of dollars in payrolls and millions in property taxes depressed whole towns and surrounding areas. For example:

Vernon, Vermont, home to Vermont Yankee for more than 40 years, had to cut its municipal budget in half. The town closed its police department and let the county take over; the youth sports teams lost their volunteer coaches, and Vernon Elementary School lost th…