Skip to main content

For Every Action…

wisconsin-cheese-01 Duke Energy got a motley crew of protestors at its annual shareholder meeting, with environmentalist upset with coal and nuclear and the local tea party upset that Duke apparently helped bring the Democratic National Convention to Charlotte.

"We need to move away from coal," said Kim Jackson, an activist. "Yet they continue to embrace it. And nuclear isn't much better. Look what happened in Japan. Does nuclear look safe to you?"

Not to understate the seriousness of the accident in Japan, but to date the death toll from the plant is zero.

Jane Bilelle of the Asheville, N.C., Tea Party said [Duke chief executive Jim] Rogers should be ashamed of himself for giving "shareholders' money to the Democratic Party."

"That's theft of shareholder's money," she said.

If she’s a Duke shareholder, she should complain; otherwise, it’s just words on the wind.

Duke spokesman Tom Williams said the utility has long supported economic development in the Charlotte region. He also called the protest outside the company's headquarters "free speech at work."

Duke also was moving forward with plans to build a new nuclear plant in Gaffney, S.C., he said.

Good for Williams – he gets that protests add to the mix. They may or may not move Duke’s plans immediately – or ever -one way or another, but they put more ideas in play and that likely will inform Duke’s thinking into the future.

Not that a pro-nuclear rally would go amiss.

---

But if some of the protesters in Charlotte wanted less coal and nuclear and would prefer what they consider a greener profile for the state, others have other priorities.

The governor and GOP lawmakers have pushed more than a dozen initiatives that would reverse the course set by Democrats when they held power.

Among the changes:

• Trying to eliminate mandatory requirements for recycling and the subsidies to local government that went with it.

• Weakening the state's commitment to wind power by making it more difficult for developers to meet siting requirements.

• Canceling a major state contract to burn homegrown biomass at the University of Wisconsin-Madison.

• Delaying costly water pollution rules to control weed-producing phosphorus in waterways.

This is in Wisconsin. I’ve no brief on this, but it does demonstrate that there are different competing constituencies that experience rises and falls in their influence. I’m not sure this signals a rise in the business class – wind power business people don’t seem to be benefiting – but renewable energy advocates must be sorely disappointed.

But Clint Woods of the American Legislative Exchange Council, an organization that supports free markets and limited government based in Washington, sees it differently.

He said the trend on environmental issues is driven by the weak economy, states' balance sheets and many voters' wish to rein in government.

"Wisconsin's reconsideration of past energy and environmental policies is definitely consistent with the efforts of other state legislatures," Woods said.

Well, maybe. If Wisconsin voters find these ideas not to their taste, then they’ll protest and change some votes in the legislation or, failing that, vote in a new wave of politicians to find other ways to save money. When people are involved, it’s not really true that for every action there is an equal reaction. But it can seem that way.

---

Duke Energy is in the process of merging with Progress Energy. There are still a lot of steps Duke has to take to make this happen, but the St. Petersburg Times assumes it’s a inevitability and covers what it calls Progress Energy’s final annual meeting.

"If we look at the capital expenditures in front of us and if we want to be a player in new nuclear construction, which we think is important, we're just not big enough to do that efficiently," Progress Energy CEO Bill Johnson told the Associated Press.

Sound like Johnson thinks so, too.

A merged Duke-Progress Energy will lobby aggressively for such pro-nuclear aid as cheaper government loans and energy incentives.

It will seek the power to charge more consumers up front for the expense of building nuclear plants.

Progress, like Duke, is based in North Carolina, but it operates in Florida, too.This story is written by business columnist Robert Trigaux, so he’s allowed to diverge from known facts – he can’t really know, after all, what the merged entity will do unless someone told him.

But if he is a business columnist, then he should know that charging ratepayers while a project is under construction save those same ratepayers a lot of money later in finance charges – Progress won’t have to borrow as much money.

"Nuclear energy remains vital to the world's electricity needs," CEO James E. Rogers said last week at Duke's annual shareholders meeting.

Oh, and full circle to Duke. Well, that’s okay. It’s actually rather refreshing to hear Duke Energy and Progress Energy, pre-merged, state the obvious about nuclear energy.

It’s Wisconsin cheese. Yum!

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...

How many nuclear plants does it take to meet the world's energy needs?

Several weeks ago Joshua Pearce at Clarion University in Pennsylvania released a study titled “ Thermodynamic limitations to nuclear energy deployment as a greenhouse gas mitigation technology .” In the study he stated... nuclear energy production would have to increase by 10.5% per year from 2010 to 2050 to both replace fossil-fuel-energy use and meet the future energy demands. This line, of course, made the headlines and has been picked up by several outlets and blogs . When looking into his calculations for this statement, he made one assumption error that overstated the above sentence by nearly a factor of three. Page 121, Section 4.1 of the study states: Richard Smalley pointed out that in 2004, the global economy consumed the equivalent of 220 million barrels of oil per day, which converted into electricity terms is the equivalent of 14.5 TeraWatts (TW), or 14,500,000 MegaWatts (MW) (2005). … With a nuclear plant having about 1000 MW (1 GW) of capacity, we would need 14,500...

What Happens During a Refueling Outage?

You may have noticed over the past few weeks that a number of nuclear plants are shut down for refueling outages or are resuming operations after just returning from one. This type of routine outage usually occurs in the spring or fall when electricity demand is low so that nuclear reactors can replace about one-third of the spent fuel rods with new fuel and conduct other routine maintenance and repairs at the plant. To get a better sense of how refueling works at a nuclear energy facility, I spoke with Marcus Nichol, NEI’s senior project manager for used fuel storage and transportation, and asked him to explain the basics. Why does a nuclear plant need to replace one-third of its fuel? Nichol: The main purpose of a refueling outage is to replace older fuel that is depleted—meaning it can no longer efficiently produce energy from nuclear fission reactions—with new fuel. This “used fuel” has typically been used in the reactor for four-and-a-half to six years before it is pe...