Skip to main content

Mom and Pop Ponder Nuclear Energy

We admit that we’ve read a lot of interesting approaches to supporting (and not supporting) nuclear energy, but this piece by Neil Russo in the Weymouth (Mass.) News is certainly unique. Here’s how he starts out:
Here's the vanilla loaf cake from Eb, Mom, he put walnuts in it because he knows how much you like walnuts. Put the kettle on and let's indulge. I want to take a few moments to relax. My head is spinning from listening to Eb.
The cost of getting that cake from Eb is listening to him talk about nuclear energy. Pop tell Mom all he’s learned:
Pop: At today's usage rates for energy, we have proven reserves of oil for 42 years, natural gas for 57 years, uranium for 85 years, and coal for 137 years, though exploration turns up new supplies all the time.
Mom’s conclusion?
With 53 new plants under construction worldwide, mostly in Asia, it's time for the U.S. government to come up with an energy policy that has nuclear as its base, or we are going to be left behind the rest of the world - especially emerging Asia. A new plant has not been built in the U.S. in 30 years!
We wish Russo had stuck to his conceit – a lot more about that delicious cake would not have gone wrong – and the article feels like a data dump of all Russo has learned than a dialogue. Real people tend to think more in terms of metaphor, which this approach would allow and would give it more point. Still, credit to Russo for looking for an interesting angle; Russo himself is clearly working his way through a lot of complex material and that can only be appreciated.
---
Some not very surprising news:
A group of U.S. businesses is postponing a trip to the United Arab Emirates to discuss lucrative nuclear-reactor contracts with a company backed by an influential emirate in the federation.
The president of the U.S. Chamber of Commerce's U.S.-U.A.E Business Council said Monday the planned trade mission will probably take place in late January or early February instead of December. The U.A.E. has delayed picking a primary contractor for the project, but "it's not a financial issue--they're just being extremely meticulous and careful in their review of the final bids," said Danny Sebright, the president of the U.S.-U.A.E. Business Council.
We wouldn’t like to be Sebright at this particular moment in time – because he has to tread between several (at best) ambiguous situations. We’ll check back in later and see whether the Chamber’s trip happens early next year. (Right now, the UAE looks to be eyeing a plant design from South Korea, which may weigh in on American plans.)
---
Here’s a very nice video from Entergy touting the uprate to its Grand Gulf (Mississippi) station. Our unidentified host takes a folksy approach to explaining how the plant benefits customers, the environment and the local economy. Speaking to customers sometimes equates to speaking down to them, but Entergy does not step wrong here. Very nicely done. (And be sure to visit the NEI Network at YouTube. We collect all the nuclear-related videos we can find there.)


Comments

Popular posts from this blog

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...

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...

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...