NUSCALE ANNOUNCES FURLOUGHS, OTHER CUTBACKS
Monday, January 31st, 2011Nuclear Townhall
Archive for January, 2011NUSCALE ANNOUNCES FURLOUGHS, OTHER CUTBACKSMonday, January 31st, 2011Nuclear Townhall January 31, 2011
NuScale Power, the Oregon-based small reactor technology company, is furloughing 30 employees and implementing pay cuts for remaining employees effective February 1, according to a company news release. The company has approximately 100 employees.
Funding for the company’s principal investor – the Michael Kenwood Group – was frozen in January as a result of civil action taken by the Securities and Exchange Commission against the Kenwood Group.
A NuScale source said the company “is taking a number of steps to extend its available funding while it pursues stable, long-term financing. Our conversations with prospective investors are going well. We remain highly optimistic. The challenge, as always, is timing,” he added.
The full details here.
THE PARADOX OF VOGTLE’S NEW INFORMATION CENTERFriday, January 28th, 2011January 28, 2011 Perhaps in keeping with the popular misconception that living near a nuclear reactor is the equivalent of living in the neighborhood with a mushroom cloud, the Augusta Chronicle is reporting that the Vogtle Plant in Georgia has opened an “information center” with emphasis on how to escape the area if something goes wrong at the new reactors.
 
“The two-building complex adjacent to Georgia Power Co.’s offices in Waynesboro would serve as a media and information center if a serious accident or emergency were to occur at the power plant, situated 20 miles away on the banks of the Savannah River,” the newspaper reports. There was no mention of reduced air pollution or other benefits the new plants might bring. 

The new $2 million headquarters in Waynesboro is designed to be a kind of emergency command center. “[T]he center includes a newsroom with desks and other facilities for reporters; and offices for local emergency officials, the U.S. Nuclear Regulatory Commission and other agencies that would be involved in such an emergency,” says the Chronicle. 
The article emphasizes that Vogtle officials have already held annual emergency drills for the last two decades preparing for the hypothetical disaster scenario. "They’ve done it all," Ken Davis, public information director of the Georgia Emergency Management Association told the Chronicle. "Worst-case, unimaginable scenarios are their specialty."
 
All this is undoubtedly necessary to reassure the public and meet some federal requirements imposed by the Nuclear Regulatory Commission and other agencies. But it would be good to note that anti-nuclear activists also use such elaborate precautionary measures as proof positive that nuclear is unacceptably dangerous. At a recent nuclear seminar at the New York Academy of Sciences, one anti-nuclear protestor was carrying forth about Three Mile Island when another participant asked, “How many people were injured at Three Mile Island?” “That’s not important,” the protestor responded. “They had to be evacuated!”
Read more about it at the Augusta Chronicle  
U.S. CHAMBER SLAMS OBAMA 2035 ENERGY STANDARD: ‘PROFOUND DETACHMENT FROM OUR ENERGY AND ECONOMIC REALITY’Friday, January 28th, 2011January 28, 2011 The first dissenting voice to President Obama’s call for an aggressive “clean energy” standard came from the U.S. Chamber of Commerce’s energy institute, whose Chief Executive Karen Harbert called it an unrealistic approach to solving energy problems. 
 “The fundamental problem with the administration’s approach on energy is that it picks winners and losers,” Harbert told The Daily Caller. “Raising taxes on the industry that fuels our lives shows a profound detachment from our energy and economic reality.”
 
The Presidents called for getting 80 percent of our energy from “clean sources” by 2035 in his State of the Union Address and specified putting one million electric vehicles on the road by 2015. Lest these goals seem overly ambitious, Secretary of Energy Steven Chu undercut the difficulty of the task yesterday by pointing out that, when nuclear and natural gas are counted as “clean,” we are already halfway there since both contribute 20 percent of our electricity. 

Harbert takes issue with both interpretations, saying we should be relying on expanded oil drilling for cars and coal for electricity. “This proposal, along with the effort to stall both current and future development of energy in the Gulf of Mexico and Alaska, will harm our economy and make us even more dependent on foreign oil,” she told The Caller. “Unfortunately, the administration’s clean energy proposal is wholly unrealistic and is more about rhetoric than reality. ”

The Caller also reports Harbert calls the plan unfeasible because “it would require a drastic increase in the use of renewable energy like nuclear power while at the same time reduce the use of the cheapest and most widely available energy resource – coal.” There may have been a misunderstanding, but if the quote is correct it will be the first time anyone has referred to nuclear as “renewable.”
Read more about it at the Daily Caller INDIAN NUCLEAR COMPANY WILL MAKE PROTESTING VILLAGERS PARTNERSFriday, January 28th, 2011January 28, 2011 The Nuclear Power Corporation of India (NPCI) has come up with a novel way to deal with local objections to its new reactors – novel for India, at least. Share the profits of the plan. “We want to build a plant which everybody feels it is theirs’.” CEO S.K. Jain told The Economic Times. “We are in the process of having an intense dialogue with all the villagers as a part of confidence-building measures. . . When the plant starts operating, some percentage of the profit, which will be huge, will be made available exclusively to that area.”
Read more about it at The Economic Times NRC RELEASES PROPOSED DOCUMENT ON SAFETY CULTUREFriday, January 28th, 2011Nuclear Townhall Read more about it at the Day UPTON SIGNALS CONGRESSIONAL FOCUS ON NRC, LICENSING PROGRESSFriday, January 28th, 2011Nuclear Townhall The first indication that the 112th Congress will give a high priority to nuclear energy has come from the new Energy and Commerce Committee Chairman Fred Upton, who knocked the Nuclear Regulatory Commission in a statement for taking five years to decide on license renewals. "Today marks an unfortunate milestone for the Nuclear Regulatory Commission as the timeline for the reactor renewal process has now doubled without explanation,” said the chairman. He noted that the renewal applications for the Pilgrim and Vermont Yankee reactors “eclips[ed] 60 months with no end in sight. “Gone are the days of reasonable expectations for a stable and predictable regulatory process," continued Upton. "This uncertainty and lack of transparency in the process is needlessly putting plants and thousands of jobs at risk.” According to the NRC’s own website, “License renewal is expected to take about 30 months, including the time to conduct an adjudicatory hearing, if necessary, or 22 months without a hearing.” Both Pilgrim and Vermont Yankee are hot-button issues and any decision will be met with huge opposition. A renewal is likely to end up quickly in court. But the real question said one industry source is "if license renewals seem a problem, what about new licenses?” "Upton is hitting the right buttons, however, Nuclear energy will never resurge in the U.S. until the NRC licensing process become more accountable and transparently predictable." Read more about it at the Energy and Commerce website RENEWABLES INDUSTRY NOT ENTHUSED ABOUT OBAMA CALL FOR NUCLEAR IN ‘CLEAN ENERGY’ PLATFORMThursday, January 27th, 2011Nuclear Townhall
Press reports on the reaction to the President’s call for 80 percent “clean energy” by 2035 are finding a surprisingly tepid response in the renewable energy industry. The ever-reliable Dr. Arjun Makhijani, president, Institute for Energy and Environmental Research, weighed in with similar remarks. “Some of the largest environmental and health impacts of nuclear energy and coal will be borne by generations far into the future. . .. In contrast, the modest impacts of renewable energy are borne by the generations that use the energy, so that future generations can replace the facilities with better techniques as they are developed." Makhijani forgot to mention that renewable sources also produce only modest amounts of energy. The misgivings of the renewables industry and the loud protests from anti-nuclear activists have one common root. Both know that the President’s goal of 80 percent “clean energy” by 2035 is inconceivable without the inclusion of nuclear power. They also know that wind and solar will require huge subsidies and mandates. Next to them, the loan guarantees needed for new nuclear plants are likely to look modest. Read more at the Los Angeles Times CLEAN OR GREEN? PRESIDENT’S SOTU CALL LEAVES THE QUESTION UP IN THE AIRWednesday, January 26th, 2011Nuclear Townhall
Is the President and the rest of the “green energy” crowd ready to accept nuclear power as “part of the mix?” President Obama suggested so in last night’s State of the Union Address, but how this will play out in reality is still up for grabs.
AS IF GREECE DIDN’T ALREADY HAVE ENOUGH TROUBLES – EUROPEAN HACKERS STEAL THEIR EMISSIONS CREDITSWednesday, January 26th, 2011Nuclear Townhall Officials at the European Union in Brussels have closed down their Emissions Trading System (ETS) for a week on their carbon emissions after hackers stole $37 million worth of credits from the system.
 
Austria, the Czech Republic, Estonia, Greece and Poland were reported to be the countries whose accounts were looted – as if Greece didn’t already have enough troubles. ETS officials emphasized that the theft represented only .02 percent of the total emission on the spot market. It was unclear where the hackers would be able to fence their booty.
 
"This closure is a drastic measure as such, but not too dangerous . . .. We have around 14 member states whose registries have not been upgraded when it comes to security measures," said European Commission climate spokeswoman Maria Kokkonen, according to this report from dpa Berlin. The spot market represents only 20 percent of the overall volume in the cap-and-trade system, where countries buy and sell permits in a search for the cheapest way to reduce overall emissions. The remaining 80 percent is transacted in longer-term contracts. Kokkonen said each country is responsible for its own security measures. "As long as there was no fraud, those (countries) who didn’t have adequate security measures didn’t feel the need … to do anything," she said.
Read more about it at dpa Berlin KNOXVILLE-OAK RIDGE CELEBRATE THEIR STATUS AS ‘INNOVATION VALLEY’Wednesday, January 26th, 2011Nuclear Townhall Remember how the corridor south of San Francisco established its pre-eminence in the computer revolution by dubbing itself “Silicon Valley?” Well the Knoxville-Oak Ridge corridor, which takes in Oak Ridge National Laboratory and the University of Tennessee is seizing President Obama’s “Sputnik moment” and calling itself “Innovation Valley.” They’ve even registered the name for a trademark.
 
“Companies are expanding their presence here, others are establishing one,” says Jesse Smith, director of technology for the Knoxville-Oak Ridge Innovation Valley regional economic development group. “We’re seeing the growth of a nuclear support industry here.”
 
Smith points to several developments that suggest the region will be at the forefront of the Nuclear Revival: 
 
- The near-completion of the TVA’s Watts Bar II reactor. 
- The TVA’s plans to construct a new reactor at Bellefonte 
- The Department of Energy’s plans for a massive uranium processing facility at Oak Ridge. 
- The Lab’s selection as the site of the $122-million Nuclear Energy Modeling and Simulation Energy Innovation Hub. 
- The possible construction of one of the nation’s first small modular reactors at the Clinch River site.
 
Private companies are flocking to Innovation Valley to take advantage of the buzz of activity. Among recent arrivals are the engineering firm Merrick and Co., Energy Solutions, SAIC, Analysis and Measurement Services Corp., and USEC, which is developing the next generation of enrichment centrifuges at Oak Ridge.
 Will people identify bucolic region at the foot of the Great Smokies with the Nuclear Renaissance in the same way they identify the Bay Area with computer technology? Stay tuned. |
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