Skip to main content

Rocking the Outrage in Charleston

pc_logo We highlighted the Washington Post’s response to the Yucca Mountain situation because the paper carries some weight and helps set the agenda for the news media. But other editorials can drop the responsible judicious pose and just let ‘er rip:

President Obama's decision to abandon the national nuclear waste disposal site at Yucca Mountain, Nev., is a breathtakingly irresponsible dismissal of a vital project on which billions already have been spent. It extends a security risk at dozens of temporary waste disposal sites around the nation and threatens to cripple the future nuclear development needed to advance national energy independence.

So there! We don’t really agree that maintaining the fuel at sites is a massive security threat – it’s an issue plants wrestled to the ground a long time ago, with a lot of extra attention paid to it after 9/11/01. And the developing attitude seems to be that leaving nuclear out of the energy mix is a non-starter.

But heck, they do know how to rock the outrage down in South Carolina:

Sen. Lindsey Graham, R-S.C., describes the administration's decision as a repudiation of candidate Obama's stated environmental and energy goals, and as a nod to the far left. "It is disingenuous to say you are going to do something about solving the climate change problem and energy independence without nuclear energy," the senator told us Friday.

We’ve watched enough Fox News to know that “far left” merely means “not conservative,” but we agree with Sen. Graham otherwise. We also would note that there are plenty on the far left, er, left who agree with him – Sen. Graham would be well-advised to tip-toe over to that side of the aisle and see who’s who.

Great editorial, though – fiery and injudicious, not always facing facts squarely, but leaving lots of room for quarrelling.

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...