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ARTICLE ARCHIVE

Entries from April 1, 2014 - April 30, 2014

Wednesday
Apr302014

"NRC Fails to Document Claim...that 'Majority' of Nuclear Emergency Drills Include Natural Disaster Components"

The UN IAEA's official radioactivity hazard warning signNIRS has published a press release entitled "NRC Fails to Document Claim Made in Denial of NIRS' Emergency Planning Petition that 'Majority' of Nuclear Emergency Drills Include Natural Disaster Components."

NIRS submitted the petition to NRC on Feb. 15, 2012. NRC rejected the petition in its entirety on April 9, 2014.

Beyond Nuclear is one of 37 organizational co-petitioners.

Wednesday
Apr302014

"Exelon CEO: 'We are not asking the state for a bailout'"

David Kraft, Director, Nuclear Energy Information Service (NEIS) of ILThe Chicago Tribune reports that Exelon CEO Chris Crane denies the largest nuclear utility in the U.S. is seeking a bailout from the State of Illinois in order to stabilize its flagging fleet of atomic reactors:

'Crane told the Tribune Wednesday that a legislative fix is not in the offing.

“We are not – are not – asking the state for a bailout,” he said. “We are looking at different ways to contract/sell energy from those plants into other markets, into other buyers, but there is not a state bailout.”

Crane said the company does not support subsidies for wind and does not support a 500-mile high voltage transmission line project pending approval at the Illinois Commerce Commission that would bring more wind into the state from Iowa.

“We are not considering a legislative fix to subsidize the nuclear plants in the state,” Crane said in an interview. ‘That is not anything we are working on.”'

On Nov. 6, 2013, E&E's reporter at Greenwire, Hannah Northey, reported on Exelon's hypocricy in an article entitled "Nuclear giant taps wind tax credit that it's trying to kill."

As watchdog Dave Kraft (photo, above left), Director of Nuclear Energy Information Service (NEIS) in IL, points out, Exelon's denial of seeking a state bailout comes on the very same day it announced the takeover of Washington, D.C. area electrical utility PEPCO: "This may be the case -- for now. Who would need a bailout when all one has to do is 'buy' a marketful of unwilling sheeple, who would legally be available for fleecing? And if the merger is not approved (as the Washington DC PUC will have something to say about this, and hasn't been favorable granting this type of merger in the past to even smaller nuclear-reliant utilities), Crane can always come back to Springfield at a later date to try again."

Dave published an analysis on March 3, 2014, "Exelon Nuclear -- Holding Illinois Hostage Yet Again?", as well as a related April 27th fact sheet, NO RATEPAYER BAILOUTS FOR EXELON’S “NUCLEAR HOSTAGE CRISIS."

Wednesday
Apr302014

Public Citizen: "Exelon-Pepco Merger Requires Additional Federal Consumer Protections; Office of Consumer Advocate at FERC Needed"

Statement of Tyson Slocum, Director, Public Citizen’s Energy Program

April 30, 2014

Contact: Tyson Slocum (202) 454-5191
Karilyn Gower (202) 588-7779

"Today’s announcement of a debt-laden acquisition of D.C.-based Potomac Electric Power Co (PEPCO) by Chicago-based Exelon raises concerns about shifting risks from Exelon’s massive unregulated wholesale generation portfolio to Pepco’s captive ratepayers. Stronger federal consumer protections are required, including the establishment of an Office of Consumer Advocate at the Federal Energy Regulatory Commission (FERC). In addition, state and federal regulators must examine whether this transaction exposes ratepayers to too much risk.

As one of the largest operators of unregulated power plants in the regional market (PJM), Exelon is exposed to commodity price volatility risk. It appears as though Exelon is embarking on a strategy to mitigate that risk by expanding its control over captive ratepayers through the acquisition of local distributional utilities. The more captive ratepayers a large wholesale generator like Exelon has, the easier it is for it to find a guaranteed market to pass on higher wholesale costs. Therefore, this deal is all about shifting the operational risk away from Exelon’s shareholders and onto Pepco’s household consumers.

Part of Exelon’s wholesale operational risk stems from its nuclear power fleet. Exelon’s aging nuclear plants have been a drag on its profits, so adding more captive ratepayers through this deal will help Exelon shift its nuclear liability away from shareholders and on to ratepayers.

Exelon already controls captive ratepayers through its 2012 acquisition of Baltimore Gas & Electric, its existing captive ratepayers at Commonwealth Edison, and its acquisition of PECO in Pennsylvania.


With this proposed purchase, Exelon is essentially recreating a giant corporation. While Wall Street investors likely will cheer the risk-shifting away from Exelon’s shareholders and on to D.C. ratepayers, our concerns about the adequacy of consumer protections in the wholesale market require the adoption of additional reforms, including the establishment of an office of consumer advocate at FERC." (emphasis added)

[The year 2000 merger between Commonwealth Edison (ComEd) of Illinois and Philadelphia Electric Company (PECO), the largest and second largest nuclear utilities in the U.S., created the mega-nuclear utility Exelon. In 2011, Exelon merged with Constellation, adding Maryland and Upstate New York atomic reactors to its nuclear fleet.]

Tuesday
Apr292014

SUN DAY Campaign: EIA underestimates future contributions of renewable sources of electricity

Ken Bossong, Executive Director of the SUN DAY Campaign, published a press release on April 29th entitled "EIA PROJECTS RENEWABLES TO BE 16-27% OF U.S. ELECTRICITY SUPPLY BY 2040: LOW END DOES NOT PASS THE LAUGH TEST; UPPER BOUND PROBABLY STILL TOO CONSERVATIVE."

He analyses EIA's report, documenting -- at times with EIA's own data -- how it significantly underestimates not only the potential contribution of renewable energy sources to the U.S. electricity supply, but also what renewables (that is, biomass, geothermal, hydropower, solar, and wind) will likely provide in the next few years, and decades, to come.

Ken Bossong warns: "Unrealistically low forecasts provide ammunition for those arguing that investments in renewable energy are not cost-effective and that new fossil fuel and nuclear construction is necessary because renewables cannot meet the nation's future energy needs. As such, EIA's projections can have multiple adverse impacts on the renewable energy industry as well as on the nation's environmental and energy future."

The SUN DAY Campaign is a non-profit research and educational organization founded in 1992 to promote sustainable energy technologies as cost-effective alternatives to nuclear power and fossil fuels.

Monday
Apr282014

"U.S. expects about 10 pct of nuclear capacity to shut by 2020"

RemoveThe infamous 2007 age-related degradation cooling tower collapse at Vermont YankeeReuters reports:

"Lower natural gas prices and stagnant growth in electric demand will lead to the loss of 10,800 megawatts of U.S. nuclear generation, or around 10 percent of total capacity, by the end of the decade, the U.S. Energy Information Administration said in a report issued on Monday.

About 6,000 MW of nuclear capacity will shut by 2020 in addition to six reactors totaling 4,800 MW that have already shut or plan to shut in that time period, the EIA said in its 2014 annual electric output study."

Those closures, or announced closures, include: Kewaunee, WI; Crystal River, FL; San Onofre 2 & 3, CA; and Vermont Yankee (photo, above left). In addition, Canada's Gentilly-2 atomic reactor in Quebec was permanently closed in Dec. 2012.