Skip to main content

Lamar Alexander Goes for an Even Hundred

Tennessee Sen. Lamar Alexander called Wednesday for doubling the number of nuclear reactors nationwide, a potentially $700 billion proposal that calls for building 100 more over 20 years.

That’s what he said to the Associated Press. Why think small? And he’s got all the right reasons lined up.

"I am convinced it should happen because conservation and nuclear power are the only real alternatives we have today to produce enough low-cost, reliable, clean energy to clean the air, deal with climate change and keep good jobs from going overseas."

Allow for a bit of hyperbole and that’s okay. And he totes up the numbers that might go for his idea.

Alexander said he would deliver that message next week speaking on the floor of the Senate, where he said all 40 Republicans and many Democrats support nuclear energy. He said he hopes President Barack Obama's administration would embrace his call under efforts to reduce greenhouse gas emissions.

Read the rest and see what you think. Sen. Alexander has become a very strong voice for nuclear energy.

---

The story also includes some lovely quotes for balance, from Steve Smith, director of the Southern Alliance for Clean Energy. Boilerplate, but this stuck out:

Smith urged conservation and efficiency improvements instead, but Alexander said they would not be enough to blunt growing energy demand.

Environmentalists usually go for renewables, with natural gas as a backstop, but Smith seems to see that as distasteful as nuclear energy – or maybe conservation and efficiency poll better. Alexander nails the problem exactly. If electric cars take off, for example, what then does Smith have to offer?

Comments

There's enough room on existing commercial nuclear sites to more than double current US nuclear energy capacity.

It would be nice if pro-nuclear Republicans reached out to pro-nuclear Democrats in order to pass a bi-partisan measure to substantially increase nuclear power generation in the US.

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...