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European energy companies have dropped investment projects worth billions of euros because of European Commission plans to make them buy greenhouse gas emissions permits from 2013. While some EU countries - namely, Germany and Italy - are ratcheting down their nuclear activities, this is proving increasingly untenable as other means of producing electricity are becoming harder to finance. A new report on "Europe's Vulnerability to Energy Crises" found that the EU was more dependent on energy imports and more vulnerable to crises than at any time since the 1970s. "Nuclear power is a promising alternative for both reducing dependency on imports and fulfilling the commitment of all European countries to the Kyoto Protocol (on climate change)," the study said.   The Bangkok Post is hosting a debate on nuclear energy with two articles: Kopr Kritayakirana , an expert adviser with the Nuclear Power Programme Development Office, takes the affirmative while Witoon P...

More on Last Week's Florida Power Outage

For those who have not heard what the cause was : A Florida Power & Light engineer not following proper procedure was the sole cause of Tuesday's massive power outage that left millions without electricity throughout the state for a few hours, FPL officials said Friday. ... FPL President Armando Olivera said a preliminary investigation found that not one customer would have lost power had proper procedure been followed. The engineer, who Olivera refused to name, disabled two levels of relay protection, while diagnosing a piece of malfunctioning equipment. When the equipment short-circuited, there were no protective measures in place. ... The engineer was working on a piece of equipment that controls voltage at the Flagami substation in West Miami. While he was diagnosing the problem, an arc -- originally thought to be a small fire -- occurred and melted some of the equipment. Since the protective relays had been disabled, there was nothing in place to contain the problem. ... O...

Jeb Bush on Nuclear Power

The former Florida governor and CASE Coalition member shares his thoughts : "Change" seems to be the operative word this election season. It's on the lips of political contenders and on the minds of the voters. But politics isn't the only arena where change is in the air. Change is happening in the world of energy as well, specifically when it comes to nuclear energy. ... There are now 104 nuclear power reactors in the United States that are safely producing 20 percent of the nation's electricity - notably, without producing any of the harmful greenhouse gases some believe to be a major factor in climate change. Americans are beginning to recognize that nuclear energy caters to both our lifestyle and our greening mentality. And it offers the most proven means for our country to achieve much needed energy security. ... American are demanding changes in energy production and the utilities are listening - there are 31 new nuclear power plants on the drawing board to ...

Orlando Sentinel Says Nuclear Should Not Be 'Scapegoat'

Here's what an Orlando Sentinel editorial has to say about the role of the Turkey Point nuclear plant in the Tuesday blackout... Our position: Nuclear energy shouldn't be used as scapegoat in this week's massive blackout Critics of nuclear energy were barking up the wrong power pole when they blamed reactors at Turkey Point for the blackout Tuesday afternoon that cut off electricity for millions of Floridians. The reactors shut down, as designed, when a West Dade substation caught fire and a circuit breaker there failed to contain the problem. The loss of power from the reactors caused outages to spread across the grid that draws and distributes electricity from all of Florida's utilities. Like the massive power outage that struck multiple states in 2003, Florida's blackout is another reminder of the vulnerability of America's aging electrical infrastructure. U.S. customers endure many more blackouts than their counterparts in countries that have modernized thei...

Policymakers Push for New U.S. Nuclear Plants

Several leading policymakers have made statements encouraging construction of new nuclear power plants over the past week. Here are some of these statements. Sen. Pete Domenici (R-N.M.), ranking member of the Senate Energy and Natural Resources Committee, had this to say about nuclear energy in a speech focusing on America's energy challenges yesterday: “In the decade since my address at Harvard, we have changed the face of the debate on nuclear energy. We did this by ensuring that it was framed in the context of how to advance nuclear energy, not whether we should… The clearest evidence of this shift in thinking came with the passage of the Energy Policy Act of 2005, which included loan guarantees, tax incentives, risk insurance, and an extension of the Price-Anderson Act… Consider that today, there are 104 nuclear reactors in service around the nation. Together, they displace the same amount of carbon dioxide as is emitted by nearly every passenger car on the road in America. ...

NEI's Energy Markets Report - February 18-February 22, 2008

Here's a summary of what went on in the energy markets last week: Electricity peak prices increased $3-9/MWh at all hubs except NEPOOL. The NEPOOL hub decreased $1/MWh (Platts, see pages 1 and 3). Estimated nuclear plant availability rose to 93 percent last week. Grand Gulf 1 was the only unit to shut down last week (see pages 2 and 4). Uranium prices were $75 and $73/lb U3O8 according to TradeTech and UxConsulting (see pages 1 and 3). Gas prices at the Henry Hub increased $0.49 to $8.83/MMBtu due to frigid temperatures in the Midwest and Northeast. Henry Hub gas futures for one-month, six-month, and twelve-months ahead traded at or above $9/MMBtu. Low imports of liquefied natural gas to the lower 48 states are a factor in the recent increase in gas prices. LNG imports have averaged less than 1 Bcf per day this winter compared to more than 3 Bcf at times last summer. The EIA reports that the reduction in U.S. LNG imports reflects changes in LNG supply and demand across the world. F...