Skip to main content

Resources And Streamlining in the Senate

By

sidebar-spent-fuel-1-lg The bipartisan push for a nuclear title in the Senate’s climate change bill picked up considerably today:

Sen. Tom Carper (D-Del.) is helping to negotiate a nuclear energy amendment that could help bring aboard swing votes who support the industry. Architects and backers of the nuclear effort include Sens. Joe Lieberman (I-Conn.), John McCain (R-Ariz.) and Lindsey Graham (R-S.C.), who are seeking more federal financial backing and other support.

Lieberman caucuses with the Democrats and of course he and Sen. McCain had a go at a climate change bill in the last Congress. Sen. Graham penned with Sen. John Kerry (D-Mass.) the editorial discussed in a post below. You can search for Sen. Carper on this site, too. He’s a pretty reliable advocate for nuclear energy. In other words, this isn’t a remarkably surprising group.

What is surprising is that they are crossing the aisle so early and so productively.

Carper yesterday declined to endorse the idea that the NRC review process needs to be further streamlined.

"To the extent that people have ideas for further streamlining, should we look at those? Sure. But keep in mind a lot has been done, there is an incredibly heavy workload for the NRC already, and we have got make sure they have the resources they need," [Carper] said.

This seems exactly right. There’s a significant difference between wanting to speed up the process by winnowing out steps and adding resources so the NRC can see the current process through without undue delay due to lack of personnel. That’s “streamlining” of a kind and answers to the need for timely licensing without the NRC becoming a funnel with an extremely thin neck.

The approach laid out by Sen. Kerry the other day – making the bill a framework that will be fleshed out  as it goes forward – is bearing some unusually tasty fruit.

Sen. Tom Carper wants you to know.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

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

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

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