Skip to main content

Lindsey Graham: As Bold As The French


We were in the mood for cheese, so of course had to look in on Wisconsin, where the mood is cheddery smooth:

A proposal that would relax Wisconsin's ban on nuclear reactors and mandate increasing use of renewable energy began its journey through the Legislature on Thursday, with Gov. Jim Doyle asserting that it could create more than 15,000 jobs.
Apparently, the legislation to do this has a problem which need not be one:

The bill would require that any nuclear reactor built in the state be designed to serve the needs of Wisconsin electricity customers only. That could violate the federal Interstate Commerce Clause of the Constitution, said Rep. Phil Montgomery (R-Ashwaubenon).
 We're not sure that Rep. Montgomery is right here but wonder why such a provision is even included. In any event, we should note that no electricity producer can be "designed" to do this - it's a matter of transmission, not generation and since Wisconsin, like every state, is part of a multi-state grid, we're not even sure it's really practical. But that's what the bill's sponsors want.

The bill includes language that would nullify all of the nuclear power changes if a court finds the "Wisconsin only" provision unconstitutional.
 All in all, very odd - we're noting some curdy clumps in our queso. This bill has just been proposed - let's see where it goes and what arguments emerge.

---

Steve Milloy of JunkScience.com contributes an op-ed to The Washington Times that supports nuclear energy, but is really more an attack on cap-and-trade as a mechanism for controlling carbon emissions. We have no real brief on cap-and-trade vs. a carbon tax vs., well, any other or no mechanism. The world, including the energy sector, will move as it needs to, and how the government decides to apply a push will be subject to review based on its efficacy or lack thereof.

We were more interested in Milloy's rhetoric:

Little discussed is how cap-and-trade is an insidious form of anti-American social engineering.

Cap-and-trade threatens our military preparedness and our national sovereignty.

Seemingly oblivious to how cap-and-trade would force European socialism on America ...

When Neville Chamberlain came back to Britain after negotiating the Munich Agreement with Adolf Hitler ...
Next time he comes out against (or for) something, Milloy should really consider pulling out the big guns.

---
Sen. Lindsey Graham (R-S.C.) sees the value of nuclear energy:


Graham wants to see measures in the bill that make it easier for the nuclear power industry to expand in the United States, and he pointed to South Carolina’s considerable assets in the sector. France gets the majority of its power from nuclear, Graham noted.
“Surely we can be as bold as the French,” he said.
Surely. Graham's participation probably isn't necessary as far as nuclear energy is concerned - many Democrats have turned the corner on that issue - but he adds a valuable voice that may give the legislation a chance at a true bi-partisan profile.

He also said any energy and climate bill he would support must have approval for more domestic drilling rights for oil and natural gas. That would be politically palatable in the Senate, Graham said, and could provide a new revenue stream for states that might have considerable offshore deposits, such as South Carolina.
The bill also should have measures to protect from utility price spikes and could be curtailed if emerging economic powers such as China and India do not strive to curb emissions, he said.
We always respond positively to a broad energy outlook and Graham has one.

Sen. Lindsey Graham.

Comments

Popular posts from this blog

Activists' Claims Distort Facts about Advanced Reactor Design

Below is from our rapid response team . Yesterday, regional anti-nuclear organizations asked federal nuclear energy regulators to launch an investigation into what it claims are “newly identified flaws” in Westinghouse’s advanced reactor design, the AP1000. During a teleconference releasing a report on the subject, participants urged the Nuclear Regulatory Commission to suspend license reviews of proposed AP1000 reactors. In its news release, even the groups making these allegations provide conflicting information on its findings. In one instance, the groups cite “dozens of corrosion holes” at reactor vessels and in another says that eight holes have been documented. In all cases, there is another containment mechanism that would provide a barrier to radiation release. Below, we examine why these claims are unwarranted and why the AP1000 design certification process should continue as designated by the NRC. Myth: In the AP1000 reactor design, the gap between the shield bu...

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...

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...