Skip to main content

DTE, ESBWR, NRC, COL – Your Monday Acronyms and How They Fit Together

On Wednesday, the Nuclear Regulatory Commission will hold a hearing on the combined construction and operating license (COL) for DTE Energy’s proposed Fermi 3 reactor.

This is notable for at least two reasons. It is the first license application that uses GE Hitachi’s ESBWR reactor design as its basis(the ones under construction at Vogtle and Summer are Westinghouse AP1000s.). This design was itself approved last September. And since there was a patiently waiting queue of COL applicants using this same design, it is now moving. ESBWR stands for Economic Simplified Boiling Water Reactor.

Assuming all goes well on Wednesday, does this guarantee a new reactor in Michigan? Well, guarantee might be a bit strong. To be judicious, let’s say for now that it opens the door to a new reactor – or should we say reactors.

DTE Energy will be followed in the queue by Dominion (for Virginia’s North Anna), NextEra (Florida’s Turkey Point) and South Texas Project. Any or all of these companies may decide the time is right to build a reactor or prefer to wait until electricity demand increases – or the markets more correctly value nuclear energy for its emission-free qualities – or any number of issues that could impact their businesses. We’ll have to keep up with the press releases to see who’s building what when.

Above, I gave two reasons why this hearing is notable. There’s a third, too. The other day, I read an anti-nuclear screed that said after the five reactors currently under construction go on-line, the nuclear energy industry will go into an inevitable death spiral. I may have snorted outwardly, but I certainly did inwardly. Because this NRC meeting was about to happen. And, besides, it’s just silly. Add the upcoming rush of NRC hearings to the interest in small reactors and you’ve got an exceptionally vibrant nuclear industry. So – piffle.

---

Here’s a bit from the NRC’s press release on the meeting:

DTE Electric Company is applying for permission to build and operate an Economic Simplified Boiling Water Reactor (ESBWR) at the Fermi site, adjacent to the company’s existing reactor. The company submitted its Fermi COL application on Sept. 18, 2008. The NRC certified the 1,600 - megawatt ESBWR design following a Commission vote in September 2014. More information on the ESBWR certification process is available on the NRC website.

The NRC’s Advisory Committee on Reactor Safeguards (ACRS) independently reviewed aspects of the application that concern safety, as well as the staff’s final safety evaluation report (FSER).

The committee provided the results of its review to the Commission on Sept. 22, 2014. The NRC completed its environmental review and issued the final impact statement for the proposed Fermi reactor in January 2013.

The NRC completed and issued the FSER on Nov. 19, 2014.

---

If you want to watch the hearing, you can. It starts at 8:30 est at NRC headquarters and you can get information about the webcast here. Brew a pot – no, make that two pots – of coffee. It will end at 5:00.

Comments

Anonymous said…
Turkey Point? Among the AP1000s, the technical reviews of Duke's Levy and Lee are closer to completion.

--E. Michael Blake

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...

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...