Skip to main content

The Governors Meet in Washington

U.S.Governors We’ve noted here a few times –more than a few – that the states are taking a shine to nuclear energy that has made the feds look a little, shall we say, laggard. But this federalism thing is a two way street, so some governors are talking up energy issues with President Obama at a climate change symposium in Washington:

Gov. Jennifer Granholm [D-Mich.] is heading to Washington to talk about how clean energy technology can create jobs.

The Democratic governor will attend a symposium Tuesday on the challenges of building a renewable energy economy. U.S. lawmakers, business leaders and climate change economists also will attend.

and:

Governor Jim Doyle [D-Wisc.] is in Washington, D.C. today and tomorrow to meet with President Obama’s energy, environment and agriculture cabinet to build upon current state, national, and international efforts to reduce greenhouse gas emissions, promote low carbon technologies, and build jobs in the energy and agricultural sectors.

You get the idea – nothing here really about nuclear or any other specific energy source. It’s all about the jobs. But Doyle in particular has been one of those governors interested in moving the nuclear discussion forward at the state level and Granholm has a few plants in her state. And we’re reasonably sure some of the other attendees will have things to say on this issue. In November, candidate Obama made soothing noises to the governors at a similar confab:

Further, we will invest $15 billion each year to catalyze private sector efforts to build a clean energy future. We will invest in solar power, wind power, and next generation biofuels. We will tap nuclear power, while making sure it’s safe. And we will develop clean coal technologies.

Now, we won’t pretend that nuclear energy will be tops of the pops with the Obama administration, and we won’t snatch up every nice comment like dogs waiting to be patted on the head. But we do feel that America is just a few steps behind Europe in recognizing that you cannot get to a plausible energy policy that foregrounds carbon emission reduction and tough deadlines without nuclear energy. All the renewables put together cannot do it (scalability issues, nascent technologies) and clean coal really cannot do it (you can research this one yourself – start here for the most positive assessment imaginable and work your way outward).

And a fair number of governors get that. As does the European Union – and the Arab peninsula – and southeast Asia – etc.

Not from the current meeting, but a gaggle (a flock? a murder?) of governors.

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...