by jboullion | Dec 8, 2009 | Uncategorized
From an article by Joseph Room on Center for American Progress:
A new study puts the generation costs for power from new nuclear plants at 25 to 30 cents per kilowatt-hour—triple current U.S. electricity rates!
This staggering price is far higher than the cost of a variety of carbon-free renewable power sources available today—and 10 times the cost of energy efficiency (see “Is 450 ppm possible? Part 5: Old coal’s out, can’t wait for new nukes, so what do we do NOW?”
The new study, “Business Risks and Costs of New Nuclear Power,” is one of the most detailed cost analyses publically available on the current generation of nuclear power plants being considered in this country. It is by a leading expert in power plant costs, Craig A. Severance. A practicing CPA, Severance is co-author of The Economics of Nuclear and Coal Power (Praeger 1976), and former assistant to the chairman and to commerce counsel, Iowa State Commerce Commission.
This important new analysis is being published by Climate Progress because it fills a critical gap in the current debate over nuclear power—transparency. Severance explains:
All assumptions, and methods of calculation are clearly stated. The piece is a deliberate effort to demystify the entire process, so that anyone reading it (including non-technical readers) can develop a clear understanding of how total generation costs per kWh come together.
As stunning as this new, detailed cost estimate is, it should not come as a total surprise. I detailed the escalating capital costs of nuclear power in my May 2008 report, “The Self-Limiting Future of Nuclear Power.” And in a story last week on nuclear power’s supposed comeback, Time magazine notes that nuclear plants’ capital costs are “out of control,” concluding:
Most efficiency improvements have been priced at 1¢ to 3¢ per kilowatt-hour, while new nuclear energy is on track to cost 15¢ to 20¢ per kilowatt-hour. And no nuclear plant has ever been completed on budget.
Time buried that in the penultimate paragraph of the story!
by jboullion | Nov 25, 2009 | Uncategorized
From a news release issued by Wisconsin Environment:
Madison, WI – Far from a solution to global warming, nuclear power will actually set America back in the race to reduce pollution, according to a new report by Wisconsin Environment. Leading environmental organizations, consumer groups and energy experts gathered today to release the report and call on state and federal leaders to focus on energy efficiency and renewable energy instead of nuclear power as the solution to global warming. . . .
Wisconsin Environment’s new report, Generating Failure: How Building Nuclear Power Plants Would Set America Back in the Race Against Global Warming, analyzes the role, under a best-case scenario, that nuclear power could play in reducing global warming pollution. Some key findings of the report include:
• To avoid the most catastrophic impacts of global warming, America must cut power plant emissions roughly in half over the next 10 years.
• Nuclear power is too slow to contribute to this effort. No new reactors are now under construction in the United States. Building a single reactor could take 10 years or longer. As a result, it is quite possible that nuclear power could deliver no progress in the critical next decade, despite spending billions on reactor construction.
• Even if the nuclear industry somehow managed to build 100 new nuclear reactors by 2030, nuclear power could reduce total U.S. emissions of global warming pollution over the next 20 years by only 12 percent — far too little, too late.
• In contrast, energy efficiency and renewable energy can immediately reduce global warming pollution. Energy efficiency programs are already cutting electricity consumption by 1-2 percent annually in leading states, and the U.S. wind industry is already building the equivalent of three nuclear reactors per year in wind farms. America has vast potential to do more.
• Building 100 new reactors would require an up-front investment on the order of $600 billion dollars – money which could cut at least twice as much carbon pollution by 2030 if invested in clean energy. Taking into account the ongoing costs of running the nuclear plants, clean energy could deliver 5 times more pollution-cutting progress per dollar.
• Nuclear power is not necessary to provide clean, carbon-free electricity for the long haul. The need for base-load power is exaggerated and small-scale clean energy solutions can actually enhance the reliability of the electric grid.
To address global warming, state and federal policy makers should focus on improving energy efficiency and generating electricity from clean sources that never run out – such as wind, solar, biomass and geothermal power, according to Wisconsin Environment and the coalition groups that attended today’s event.
by jboullion | Nov 20, 2009 | Uncategorized
From an article by Joseph Room on Center for American Progress:
A new study puts the generation costs for power from new nuclear plants at 25 to 30 cents per kilowatt-hour—triple current U.S. electricity rates!
This staggering price is far higher than the cost of a variety of carbon-free renewable power sources available today—and 10 times the cost of energy efficiency (see “Is 450 ppm possible? Part 5: Old coal’s out, can’t wait for new nukes, so what do we do NOW?”
The new study, “Business Risks and Costs of New Nuclear Power,” is one of the most detailed cost analyses publically available on the current generation of nuclear power plants being considered in this country. It is by a leading expert in power plant costs, Craig A. Severance. A practicing CPA, Severance is co-author of The Economics of Nuclear and Coal Power (Praeger 1976), and former assistant to the chairman and to commerce counsel, Iowa State Commerce Commission.
This important new analysis is being published by Climate Progress because it fills a critical gap in the current debate over nuclear power—transparency. Severance explains:
All assumptions, and methods of calculation are clearly stated. The piece is a deliberate effort to demystify the entire process, so that anyone reading it (including non-technical readers) can develop a clear understanding of how total generation costs per kWh come together.
As stunning as this new, detailed cost estimate is, it should not come as a total surprise. I detailed the escalating capital costs of nuclear power in my May 2008 report, “The Self-Limiting Future of Nuclear Power.” And in a story last week on nuclear power’s supposed comeback, Time magazine notes that nuclear plants’ capital costs are “out of control,” concluding:
Most efficiency improvements have been priced at 1¢ to 3¢ per kilowatt-hour, while new nuclear energy is on track to cost 15¢ to 20¢ per kilowatt-hour. And no nuclear plant has ever been completed on budget.
Time buried that in the penultimate paragraph of the story!
by jboullion | Nov 18, 2009 | Uncategorized
A report from WQOW-TV:
Eau Claire (WQOW) – Minnesota regulators have approved a measure to allow Xcel Energy to increase the amount of radioactive waste.
Excel Energy requested to expand its nuclear waste plant near the Western Wisconsin border at Red Wing. The utility will spend roughly $600 million to upgrade the plant to handle higher pressures and temperatures and increase its output. The plan also calls for storage of 98 casks on a concrete pad next to the plant. The plant is located on an island in the middle of the Mississippi River.
Red Wing’s mayor is disappointed with the decision. Now the measure goes to legislators for final approval.
by jboullion | Nov 6, 2009 | Uncategorized
From a guest column by Al Gedicks in the Green Bay Press Gazette:
The argument that nuclear power can contribute to reducing harmful greenhouse gas emissions that cause global climate change (“Ban on new nuclear power plants should be lifted” Oct. 16, Green Bay Press-Gazette) is flawed for three main reasons.
First, nuclear power is not carbon-free electricity. At each stage of the nuclear fuel cycle, from uranium mining, milling, enrichment to construction, decommissioning and waste storage, nuclear power uses fossil fuels and contributes greenhouse gas emissions that accelerate global climate change. Compared to renewable energy, nuclear power releases four to five times the CO2 per unit of energy produced.
A recent study of solutions to global warming by Dr. Mark Z. Jacobson of Stanford University concluded that over its entire lifecycle, nuclear electricity emits between 68 and 180 grams of CO2-equivalent emissions per kilowatt hour, compared to 3 to 11 grams for wind and concentrated solar.
