Skip to main content

Nothing Comes from Understating Nuclear

By

FTlogoHere’s an odd one. Edward Luce writes in The Financial Times that the drive for natural gas is pushing other energy types out of the way, risk be damned. So far, so good, if a bit overstated.

Then, this:

America has likewise turned away from nuclear power. In his first term Mr. Obama announced plans to revive a sector that had essentially been frozen since the Three Mile Island leakage of 1978. Nothing has come of it. Only one new US nuclear power plant is planned and that is years away.

When did he write this? The mention of Obama suggests it was more recently than 1995, but the content is bizarrely off. Five reactors are in progress and FPL is at least giving some thought to two more. That’s not nothing and it’s more than “only one new” plant.

Major fail – weird for this outlet.

Labels:

Comments

jimwg said…
But it's NOT a "major fail" if there's no one publicly calling out FN's misleading statement with equal volume which has the intended effect of making the mass unwashed doubt and reject nuclear power even more. Like far too many periodicals, that coyly FUD article knows exactly what it's doing in the face of any non-challenge and is royally getting over to boot. Five new reactors in 30 years isn't anything to cluck about and the anti-nukers will cite that to anyone who tries to correct them in public. Anti-nukers score another one. The answer is to constantly hawk (educate-educate-eduate) nuclear in public, just like gas/oil is doing quite well or you're just a mysterious scary commodity to the public.

James Greenidge
Queens NY



May 20, 2014 at 5:30 AM
Post a Comment

Popular posts from this blog

Activists' Claims Distort Facts about Advanced Reactor Design

By
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...
23 comments
Read more

Wednesday Update

By
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...
Post a Comment
Read more

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

By
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...
Post a Comment
Read more