Category Archives: Nuclear

Carbon bubble? Solar and wind erode coal, gas, and biomass credit quality —Moody’s

In Europe it’s already happening: solar and wind are causing bond-rater Moody’s to warn of downgrades of energy companies that depend on heat from burning coal, gas, or biomass. Moody’s earlier even warned the Bank of England of a potential carbon bubble developing. If combustion energy plants are affected like this, the credit effects will be even bigger on even-more-expensive nuclear plants, which Moody’s called a bet-the-farm risk way back in 2009.

James Murray wrote for businessGreen 6 Nov 2012, Moody’s: Renewables boom poses credit risk for coal and gas power plants: Credit ratings agency warns increases in renewable power have had ‘a profound negative impact’ on the competitiveness of thermal generation companies,

“Large increases in renewables have had a profound negative impact on power prices and the competitiveness of thermal generation companies in Europe,” said Scott Phillips, an assistant vice president and analyst at Moody’s Infrastructure Finance Group, in a statement.

“What were once considered stable companies have seen their business models severely disrupted and we expect steadily rising levels of renewable energy output to further affect European utilities’ creditworthiness.”

And not just rising, rising increasingly Continue reading →

Florida Crystal River nuke down $5 billion?

Only 160 miles from here, the Crystal River nuclear reactor continues to run up a bad bill, maybe as much as $5 billion, and even other nuclear operators are reportedly starting to turn against it. Should we wait for the new nukes on the Savannah River to run up a bill that high before we cancel them?

Remember back in May?

Florida is already experiencing a likely future for the new Plant Vogtle nukes in Georgia: completion date pushed back, and customer charges raised.

Yep, that’s the one. And the bill keeps going up, as Ivan Penn wrote for the Tampa Bay Times 30 December 2012, Utilities nationwide could share the financial pain of the idled Crystal River nuclear plant,

The crippled Crystal River nuclear plant is now America’s headache.

The bill to fix it and pay for replacement power may top $5 billion. The problem?

The company that insures all 104 U.S. nuclear power plants has just $3.6 billion on hand to pay for claims.

Broken nuclear plants in California, Texas and Michigan will vie for some of that money. But Crystal River alone represents such a financial threat that the insurance company, Nuclear Electric Insurance Ltd., may demand that its member utilities pony up more money.

Is NEIL the guarantor on the bonds for the new nukes at Plant Vogtle? I think Southern Company was smarter (for SO, not for us) and got Congress to guarantee those. If so, Continue reading →

Solar cars and charging stations: who wouldn’t?

Tired of Southern Company CEO Fanning’s maybe “next decade” for solar power? Tired of Georgia Power’s Bowers trying to push solar off for fifty years? Let’s hear from somebody who takes on big tasks and gets them done: Elon Musk, who’s already built a rocket that is resupplying the International Space Station, and who is also building all-electric cars.

Carl Hoffman wrote for Smithsonian magazine December 2012, Elon Musk, the Rocket Man With a Sweet Ride

When he’s not launching rockets, Musk is disrupting the notoriously obdurate automobile industry (see National Treasure, p. 42). While industry giants like Chevrolet and Nissan and Toyota were dithering with electric-gasoline hybrids, this upstart kid said he would design and manufacture an all-electric car that would travel hundreds of miles on a single charge. The Tesla Roadster hit the streets in 2008 with a range of 200 miles, and the far more functional Model S, starting at $57,000, was introduced in June. It’s the world’s first all-electric car that does everything my old gasoline version does, only better. The high-end model travels 300 miles on a single charge, leaps from zero to 60 in 5.5 seconds, slows from 60 to a dead stop in 105 feet, can seat up to five, has room for mulch bags and golf clubs, handles like a race car and its battery comes with an eight-year, 100,000-mile warranty. If you charged it via solar panels, it would run off the sun. One hundred a week are being produced in a former Toyota factory in Fremont, California, and nearly 13,000 people have put deposits on them….

And since that story: Continue reading →

NRC says it’s “never been a practice” to show licensee documents to the public

After Kendra Ulrich of Friends of the Earth asked about some licensee documents related to last week’s NRC hearing in faraway Maryland on restarting California’s San Onofre nuclear reactor, NRC’s David Beaulieu expanded on NRC’s refusal to divulge the documents.

Here’s the video:

Video by Myla Reson at NRC, Maryland, 18 December 2012.

You can hear him say it’s “never been a practice” to let the public see licensee documents. But if they’re being used in making a license decision, why doesn’t that make them public documents accessible by the public? Oh, right “it’s very complex” but “it’s a yes or no question” and “I will assess”, he says. It’s good to be king!

I wonder if the public had some assurance of transparency maybe the NRC wouldn’t get so many FOIA requests?

Remember, this is the same NRC that gave 100-mile-from-here same-design-as-Fukushima Plant Hatch a 20 year license extension, and the same NRC that gave Plant Vogtle a clean bill of health at a public meeting two days before Unit 1 shut down, and the same NRC that could stop the new nukes there even if the GA PSC won’t.

What if we deployed solar power instead, on budget and on time?

-jsq

What is Moore’s Law for solar power?

Many people are unfamiliar with Moore’s Law, and how it affects solar power. Moore’s Law doesn’t occur in many technologies or industries, but it’s there in solar photovoltaic (PV). For those of us whose whole working lives have been affected by Moore’s Law, seeing it turn up in another field is like a flashing neon sign pointing to the future. A future of distributed solar power sunrise over the crumbling industrial relics of coal, nuclear, and natural gas plants. A future with much less control by monopoly utilities, which is why they fight it. If they even see it coming; Bill Gates didn’t, back in the day, but Jeff Bezos of Amazon did. They both surfed that tide, and Moore’s Law made both of them among the richest humans on the planet while changing the world for all of us. Steve Jobs even used it to put a computer in your pocket more powerful than big companies could buy a few decades ago. What does Moore’s Law for solar power mean for electric power?

This chart shows the telltale symptom of Moore’s Law in solar electricity: 65% compound annual growth rate in solar power plants deployed for the past 5 years:

Source: Solar Power Graphs to Make You Smile by Zachary Shahan for CleanTechnica 10 June 2011.

As SunPower’s Dinwoodie puts it:

That 17 GW installed in 2010 is the equivalent of 17 nuclear power plants — manufactured, shipped and installed in one year. It can take decades just to install a nuclear plant. Think about that. I heard Bill Gates recently call solar “cute.” Well, that’s 17 GW of “cute” adding up at an astonishing pace.

Bill Gates should recall that Moore’s Law made formerly “cute” PCs with his “cute” operating system Windows expand into every company in the world and made him the second richest human on the planet. Growth of computer software markets, like for the U.S. as shown in the graph on the right, is a symptom of the original Moore’s Law. Software runs on hardware, and these hardware market curves are driven more directly by Moore’s Law:

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Kewaunee nuke is shutting down; why are we building more at Vogtle?

Dominion Power is shutting down a nuke because it can’t compete economically. Why are we letting Georgia Power charge us up front and load us up with debt to build a nuke we already know can’t compete economically? After all, if it could, it wouldn’t need three-legged nuclear regulatory-capture stool that we the rate-payers and taxpayers are already paying on, instead of getting on with solar and wind power.

According to 22 October 2012 PR from Dominion Power:

Dominion (NYSE: D) today said it plans to close and decommission its Kewaunee Power Station in Carlton, Wis., after the company was unable to find a buyer for the 556-megawatt nuclear facility.

According to Dominion:

Kewaunee, Dominion’s fourth nuclear station, generates 556 megawatts of electricity from its single unit. That’s enough to meet the needs of 140,000 homes.

The station began commercial operation in 1974…

1974? That’s the same year as Plant Hatch Unit 1, on the Altamaha River 100 miles from here. (Hatch Unit 2 came online in 1978.) But the Hatch reactors were relicensed in 2002 extending their lifetimes 20 years out to 2034 and 2038, so they won’t be closing, right?

Well, maybe they could. Howard A. Learner wrote for JSOnline 30 October 2012, Market has spoken in Kewaunee shutdown,

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First ALEC, now Heartland Institute: losing sponsors

Heartland Institute, one of only two organizations to field a speaker for continuing Plant Vogtle delays and cost overruns at this week's GA PSC hearing, has been dropped by every pharmaceutical company. When you're down to Heartland Institute and renewable-energy-opposing and astroturf-funding super-lobby group ALEC, itself rapidly losing members (so bad even Bank of America has dumped ALEC); and when your public hearing speakers are 40 to 1 against continuing with Southern Company and Georgia Power's nuclear boondoggle, maybe it's time to end it.

Brad Johnson wrote for thinkprogress 19 December 2012, Heeding Public Outrage, Pfizer Drops Climate Denial And Tobacco Front Group Heartland Institute,

The pharmaceutical giant Pfizer (PFE) has confirmed that it will no longer support the Heartland Institute, a political advocacy group that questions the science of climate change and tobacco smoking. Forecast the Facts, which is leading the campaign calling on corporations to drop Heartland, was informed of the decision by Pfizer's Corporate Secretary Matthew Lepore. Pfizer was a major donor to Heartland, giving $45,000 in 2012 alone.

Pfizer's decision means that there are no longer any pharmaceutical companies known to support the Heartland Institute.

Pfizer's last contribution to Heartland was in 2012. Pfizer's decision follows a groundswell of public outrage over the corporate support for the Heartland Institute's toxic behavior, including a billboard campaign that equated believers in climate change with serial killers such as the Unabomber. Over 150,000 people have signed petitions to corporate leaders to drop Heartland. Pfizer is the 21st company to end its support for Joseph Bast's organization, joining its competitors Amgen (AMGN), Eli Lilly (LLY), Bayer (BAYRY), and GlaxoSmithKline (GSK), as well as major companies like General Motors (GM), State Farm, and PepsiCo (PEP).

That’s the best you’ve got for support, PSC, and you’re pretending continuing to let Southern Company and Georgia Power run up a bill of $billions is in the best interests of the people of Georgia?

-jsq

NRC doesn’t publish nuclear licensing documents

Kendra Ulrich of FOE at NRC Did you know the U.S. Nuclear Regulatory Commission doesn’t publish nuclear licensee documents? Hear them say it on this video of Tuesday’s NRC “public meeting” in Maryland about restarting the San Onofre reactor in California. This is the same NRC that gave Plant Vogtle a clean bill of health at a public meeting two days before Unit 1 shut down, and the same NRC that could stop the new nukes there even if the GA PSC won’t. Plant Hatch This same NRC recertified Plant Hatch on the Altamaha in Georgia, extending the original 40 year design lifespan of Unit 1 from 2014 to 2034 and of Unit 2 from 2018 to 2038. But don’t worry; if you’re farther than 10 miles from Hatch, you’re outside the evacuation zone, so you must be safe, right? Just study the licensing documents to see; oh, wait!

Kendra Ulrich of Friends of the Earth asked the NRC some simple questions that stumped the Commissioners and staff. She wondered when the public could expect to see a a 50-59 analysis California Edison had done about restarting San Onofre. Dave Beaulieu, NRC Generic Communications Branch, said it was a “licensee document, licensee documents are not made public.” He did say NRC would release its own inspection results. She asked again, and Rick Daniel, NRC meeting facilitator suggested she submit written questions. Beauleiu summarized:

“At the end of the day, licensee documents are not made public; that’s the answer.”

So what would be the point of her submitting questions when she was just told they won’t make the answers public?

Ulrich continued by asking why NRC was considering going ahead on the basis of experimental data that has never been used before and that has not been made public. Remember this is about a nuclear reactor that was shut down because it was leaking. That question sure caused some passing of the buck and pretending not to understand the question by everybody in the room who should have been able to answer the question.

Here’s the video:

Video by Myla Reson, 18 December 2012, Maryland.

Continue reading →

Fake fracking reports: professor and institute head quit, other institute disbanded

From Austin to Buffalo, fake science for fracking is increasingly being exposed, Frack U with academic consequences: lead professor resigns, institute head quits, another institute disbanded. The image on the right (Frack U) is not a reputation any university wants to see. At least academia takes conflicts of interest seriously; now if government and the voters would do the same…. Or energy companies. Remember, shale gas (plus nuclear) is what Georgia Power and Southern Company are shifting to from coal, while shading us from the finances that would enable solar power for jobs and energy independence in south Georgia.

Terrence Henry wrote for NPR 6 December 2012, Review of UT Fracking Study Finds Failure to Disclose Conflict of Interest (Updated)

The original report by UT Austin’s Energy Institute, ‘Fact-Based Regulation for Environmental Protection in the Shale Gas Development,’ was released early this year, and claimed that there was no link between fracking and water contamination. But this summer, the Public Accountability Initiative, a watchdog group, reported that the head of the study, UT professor Chip Groat, had been sitting on the board of a drilling company the entire time. His compensation totaled over $1.5 million over the last five years. That prompted the University to announce an independent review of the study a month later, which was released today.

The review finds many problems with the original study, chief among them that Groat did not disclose what it calls a “clear conflict of interest,” which “severely diminished” the study. The study was originally commissioned as a way to correct what it called “controversies” over fracking because of media reports, but ironically ended up as a lightning rod itself for failing to disclose conflicts of interest and for lacking scientific rigor.

Unrepentant as recently as July, Professor Groat resigned in November. Plus this:

Raymond Orbach of UT’s Energy Institute has resigned after the group became engulfed in controversy over a study of fracking.

And elsewhere even more drastic results have ensued:

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15 month delay for new Plant Vogtle nukes —state inspector at PSC

Southern Company's new nukes are delayed at least fifteen months, at least a billion over budget and rising, and not organized to meet safety filing requirements, yet the Georgia PSC yesterday let SO pass the buck to contractors and Georgia Power continue charging customers for that boondoggle, despite 40 to 1 opposition from attendees.

Ellen Reinhardt wrote for GPB News yesterday, Plant Vogtle Construction Costs Rising,

An independent auditor told utility regulators Plant Vogtle construction will be delayed at least 15 months and go millions of dollars over budget.

Nuclear engineer William Jacobs said poor construction material, contractor mistakes and oversight delays will mean the Unit 3 reactor won't be ready until July of 2017.

That's 15 months later than planned.

Surprise! From $0.66 to $8.87 billion: original Plant Vogtle nuclear costs Who could have expected that, given that back in the 1970s and 1980s costs blew up 26 times the original estimate. Back then SO complained about paperwork after Three Mile Island. They're trying that same excuse now, but even a former Commissioner-turned-lobbyist is incredulous, as Kristi Swartz reported for the AJC yesterday, Monitor: Paperwork problems a drag on Vogtle schedule,

“It's taken eight months to handle paperwork deficiencies?” asked Bobby Baker, a former PSC commissioner who now represents Resource Supply Management, an energy consultant that works with large commercial, institutional and industrial electric customers.

A current Commissioner was almost as incredulous:

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