Skip to main content

President Obama on Energy: Chuck Schumer

Last week, the senior Senator from New York, Chuck Schumer, stopped by the Charlie Rose show and surveyed the Senate landscape under an Obama administration. A transcription follows, but mere text on a page does disservice to the actual exchange - occurring at the 13:40 mark in the video below.
Charlie Rose: What else will we see in terms of legislation in the House and Senate?
Chuck Schumer: You will see a really serious energy policy that will wean us away from fossil fuels.
Charlie Rose: Okay, but tell me what that means. What is going to wean us away?
Chuck Schumer: It means, it's going to mean changing the tax laws. We developed...
Charlie Rose: Incentives to...
Chuck Schumer: All kinds of alternative energies. All kinds. I would say with President Obama, nuclear energy is on the table. Okay? People don't realize that. It's in his platform.
Charlie Rose: Add to nuclear energy?
Chuck Schumer: Mmm hmmm. Mmm hmmm. [Affirmative]. With Senator Obama, all kinds of... now, we'll have an electric car. Production. Work. Travels the same distance in five or six years. Okay?

Comments

Matthew66 said…
Westinghouse and Chicago Bridge and Iron announced last week that a $150 million contract for the fabrication of two containment vessels for AP1000 nuclear reactors. The utility involved was not disclosed. Currently there are six applications for twelve AP1000's being considered by the NRC. If CBI does a good job on the first contract, they're frontrunners for the other five, potentially another $750 million. Does anyone seriously think that President Obama is going to take that kind of work away from a company tied to his home state?

The new build in the nuclear industry is going to provide a lot of jobs to traditional Democrat voters - steel workers, boiler makers, electrical workers, construction workers, shipyard workers. They've delivered Michigan and Virgninia to the Democrats. I don't think the President-elect is going to bite the hand that feeds him.
Anonymous said…
If I were thinking about building a new reactor, I would be very worried about that capital at risk. With capital being very scarce, commodities being expensive, and real reason to believe that Harry Reid will set the agenda in the Senate, I would not bet the company on a risky new plant project that ends like that fancy new plant on Long Island that never made power.

Popular posts from this blog

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...

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...

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...