Tag Archives: Nuclear

Centralized Nuclear Bad Investment?

A writer for Forbes spells out the question of nuclear investment: how can something that expensive, over-budget, late, and phenomenally risky be a good investment, especially when cheaper and faster energy sources are readily available?

Peter Kelly-Detwiler wrote for Forbes today, New Centralized Nuclear Plants: Still an Investment Worth Making?

Just a few years ago, the US nuclear renaissance seemed at hand. It probably shouldn’t have been. Cost overruns from Finland to France to the US were already becoming manifest, government guarantees were in doubt, and shale gas drillers were beginning to punch holes into the ground with abandon.

Then came Fukushima. The latter proved a somewhat astonishing reminder of forgotten lessons about nuclear power risks, unique to that technology: A failure of one power plant in an isolated location can create a contagion in countries far away, and even where somewhat different variants of that technology are in use. Just as Three Mile Island put the kaibosh on nuclear power in the US for decades, Fukushima appears to have done the same for Japan and Germany, at a minimum. It certainly did not help public opinion, and at a minimum, the effect of Fukushima will likely be to increase permitting and associated regulatory costs.

He goes into detail: they take too long (while gas and solar got cheaper), they’re extremely expensive to build and run, and they’re all-or-nothing investments.

I was going to compile this list of recent nuclear financial failures, but he saves us all the trouble:

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Forestry rebounds economically in Georgia

Figure 4. Year-to-year percentage change in total output, employment, and compensation supported by the forest industry in 2011 dollars. Found via VLCIA’s blog, PR from Office of the Governor 11 January 2013, Forestry industry earns jobs, dollars for Georgia, illustrated here with figures from Economic Benefits of the Forest Industry in Georgia: 2011 by the Georgia Forestry Commission. And let’s not forget that while paper pulp rules the roost in Georgia at the moment, there are far more jobs in reforestation than in nuclear, even more than in wind or solar.

Gov. Nathan Deal today announced that a study by the Georgia Institute of Technology for the Georgia Forestry Commission shows that in 2011, economic activity generated by the forestry industry topped $25 billion in output and provided 118,459 jobs.

“I am proud to see our state retain its position as a national forestry leader,” said Deal. “Our 24 million acres of forests are one of Georgia’s most valuable natural resources, and the dedication of the men and women in the forestry community drive that success. I’m confident our sustainably grown forests will be providing both economic and environmental benefits for generations of Georgians to come.”

Highlights of the “Economic Benefits of the Forest Industry in Georgia: 2011” report include

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Vogtle reactor vessel sitting unprotected at Savannah port

What happened to Plant Vogtle’s new reactor vessel after it was in a train wreck a week ago? It went back to Savannah port and sits there unprotected and unguarded.

Thomas Clements wrote for the Aiken Leader 14 January 2013, Vogtle AP1000 Nuclear Reactor Vessel Discovered Unprotected, Stranded in Savannah Port since December 15 Shipment Failure,


Tom Clements, Alliance for Nuclear Accountability

The reactor pressure vessel (RPV) for the chronically delayed Vogtle AP1000 reactor construction project near Waynesboro, Georgia sits stranded and seemingly unprotected in the port of Savannah. The special railroad car carrying the 300-ton vessel had unknown mechanical problems on December 15 on exiting the port. The NRC has said that the vessel only got one-quarter mile before a sound was heard and the car stopped. Plans by Westinghouse and Southern Company to move the vessel are unknown. It is also unknown if the railroad car can be repaired and used or if the railroad company which owns the line is concerned that the rail car might break down again on its line in an in accessible place. Meanwhile, the apparently unguarded reactor might be subject to sabotage and sits in apparent violation of NRC quality assurance and “administrative control” regulations.

The article includes links to several more pictures taken 13 January 2013 by Tom Clements of Alliance for Nuclear Accountability, such as this one with the bridge clearly visible:

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Overwhelming majority of Americans want clean water and renewable energy –poll

A new poll says 94% want new energy balanced with clean air and water, 86% want to shift from coal and nuclear to wind and water power, and 79% are concerned about shale gas fracking affecting water quality.

A few excerpts from the PR Water is High Priority for Bipartisan Majority of Americans, 10 January 2013,

  • 92 percent of Americans think “U.S. energy planning and decision making” should be based on “a comprehensive understanding of what our national water resources are” — a national water roadmap that Congress asked for, but which was never produced. The national water roadmap attracts the support of 92 percent of Republicans, 89 percent of Independents, and 94 percent of Democrats.
  • 86 percent of Americans want leadership on shifting from coal and nuclear energy to wind and solar. Support for this approach exists across party lines, including 72 percent of Republicans, 83 percent of Independents, and 97 percent of Democrats.
  • 86 percent of Americans “support more studies of the health and environmental consequences of the chemicals” used in fracking. Supporters of this approach include 81 percent of Republicans, 84 percent of Independents, and 89 percent of Democrats.
  • Three quarters of Americans have heard of fracking, with 51 percent saying they are very or somewhat familiar with it. 79 percent of Americans are concerned about fracking “as it relates to water quality.”

What is to be done?

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The water is not lost. —Forrest H. Williams

Valdosta resident Forrest H. Williams replied in the VDT today to my op-ed of 6 January. His information seems a bit out of date. For example, he cites Progress Energy’s Crystal River nuke as a good example, when it’s been down since 2009 and is still producing zero percent power, both according to the NRC. Readers of this blog know that the blog version of my op-ed already links to sources for everything I said. I may respond more later, but no doubt there are other people who want to get involved in this discussion. And I do thank Forrest H. Williams for airing the sort of disinformation that is out there, so others can dispel it.

Oh, and saying water that is evaporated is not lost is like saying trees that are burned are not lost. Evaporated water is not available for agricultural or wildlife or drinking water use, and thus is indeed lost.

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Google invests in wind and solar

While Southern Company and Georgia Power pour money down that nuclear pit by the Savannah River and Progress Energy can’t afford to fix its Crystal River nuke, Google’s wind and solar projects are already online on time, all for less than the cost overruns so far at Vogtle or the fix-it price at Crystal River.

David Goldman wrote for CNN Money 10 January 2013, Google invests $200 million in Texas wind farm,

“We look for projects like Spinning Spur because, in addition to creating more renewable energy and strengthening the local economy, they also make for smart investments,” Kojo Ako-Asare, Google’s senior manager of corporate finance, said in a blog post.

Ako-Asare added that wind farms offer “attractive returns relative to the risks.”

Which is the opposite of nuclear’s huge risks relative to the apparently negative returns. So how much wind and solar energy does Google generate?

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Crystal River nuke still can’t get insurance payoff

Nobody wants to pay to fix Progress Energy's Crystal River nuke: not PGN, not its new owner Duke Energy, not Nuclear Electric Insurance Ltd. (NEIL). So maybe this nuke, only 160 miles from here, will be staying shut permanently? What say we do the same for the new nukes at Plant Vogtle, only 200 miles from here, before they even open?

John Downey wrote for the Charlotte Business Journal, Crystal River nuke plant stymies Duke Energy Utility facing penalties, high costs for repairs,

After two mediation sessions, Progress Energy Florida and its insurer haven't agreed how much of the potential repair costs for the utility's crippled Crystal River nuclear unit are covered.

It appears all but certain that Progress — a Duke Energy Corp. subsidiary — will have to pay millions of dollars as a penalty for failing to make a timely decision on whether to repair the plant.

Repair expenses have been calculated at between $1.5 billion and $3.4 billion, plus what it costs to buy power to replace what Crystal River would have produced while it is being repaired.

What kept shut Crystal River down from 2009 on was a concrete containment separation. Maybe those errors in pouring concrete at Plant Vogtle are Continue reading →

Fire in Texas nuclear reactor

Do fires at nuclear plants like Plant Hatch actually still occur? Yep, at the South Texas Nuclear Project, just this week. And that STP Unit 2 is a different design and newer (1989) than Hatch 1 or 2. Austin has been trying to sell its share in that lemon since 1981. Even TEPCO cancelled plans for new reactors there in 2011, due to cost overruns and the Fukushima disaster. What say we cancel our new nuclear lemons at Plant Vogtle?

According to the NRC event report for 9 January 2013:

UNUSUAL EVENT DECLARED DUE TO MAIN TRANSFORMER FIRE

“Fire in Unit 2 main transformer 2A. Reactor trip. Two train of offsite power lost to Unit 2.”

“An Unusual Event was declared based on EAL HU-2—Fire or explosion in protected area or switchyard which affects normal plant operations.”

At 1655 CST, South Texas Unit 2 declared an Unusual Event due to a main transformer fire. Unit 2 tripped from 100% power and is currently at 0% power in Mode 3. The transformer fire is out. In addition to the loss of the main transformer, several safety related electrical busses and non-safety electrical busses lost offsite power. The appropriate emergency diesel generators started and powered the safety related busses. Unit 2 is currently stable and on natural circulation due to the loss of power to the reactor coolant pumps. Auxiliary feedwater is functioning as required and decay heat is being removed through the steam generator atmospheric relief valves. Unit 1 was unaffected by the event.

The licensee notified the NRC Resident Inspector.

Notified DHS SWO, FEMA, DHS NICC and NuclearSSA via email.

According to the NRC, they still don’t know Continue reading →

Vogtle nuclear reactor train wreck

Ever wondered what a nuclear reactor vessel looks like? Here’s one that’s literally a train wreck, on its way to Plant Vogtle on the Savannah River.

Rob Pavey wrote for the Augusta Chronicle 10 January 2013, Vogtle reactor vessel slips between Savannah, Burke County,

A 300-ton reactor vessel bound for Plant Vogtle was stranded briefly in south Georgia this week after a malfunction with the specially designed rail car moving the nuclear component from Savannah to Burke County. Workers examine a rail car that was transporting a 300-ton reactor vessel from the Port of Savannah to the Plant Vogtle nuclear site in Burke County. A misalignment between the cargo platform and the rail car caused the component to be returned to Savannah.

“The platform that contained the RV (reactor vessel) during transport became misaligned with the Schnabel railcar, so the railcar stopped immediately,” said Georgia Power Co. spokesman Mark Williams. “The platform and car were re-aligned the same day and safely returned to the port.”

The Schnabel railcar, which features extra axles that help distribute and support the weight of heavy objects, did not break, he said. Georgia Power would not divulge the location of the incident.

I wonder what the locals think. We’d ask them, if we knew where they were.

Well, that’s the only mishap so far, right?

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Nukes economically hard to justify —GE CEO Immelt

The CEO of General Electric, the company that designed the reactors at Fukushima and Hatch 1 and 2, said nukes are economically hard to justify. And that was back in July, before the first new nukes permitted in 30 years, at Plant Vogtle on the Savannah River, slipped 15 months. What’s winning? Shale gas, temporarily, but that’s just a bump in the road on the way to wind and solar power.

Pilita Clark wrote for Financial Times 30 July 2012, Nuclear ‘hard to justify’, says GE chief,

Nuclear power is so expensive compared with other forms of energy that it has become “really hard” to justify, according to the chief executive of General Electric, one of the world’s largest suppliers of atomic equipment.

“It’s really a gas and wind world today,” said Jeff Immelt, referring to two sources of electricity he said most countries are shifting towards as natural gas becomes “permanently cheap”.

“When I talk to the guys who run the oil companies they say look, they’re finding more gas all the time. It’s just hard to justify nuclear, really hard. Gas is so cheap and at some point, really, economics rule,” Mr Immelt told the Financial Times in an interview in London at the weekend. “So I think some combination of gas, and either wind or solar … that’s where we see most countries around the world going.”

GE CEO Immelt may also want to talk to GE’s own research director Continue reading →