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ARTICLE ARCHIVE

Nuclear Costs

Estimates for new reactor construction costs continue to sky-rocket. Conservative estimates range between $6 and $12 billion per reactor but Standard & Poor's predicts a continued rise. The nuclear power industry is lobbying for heavy federal subsidization including unlimited loan guarantees but the Congressional Budget Office predicts the risk of default will be well over 50 percent, leaving taxpayers to foot the bill. Beyond Nuclear opposes taxpayer and ratepayer subsidies for the nuclear energy industry.

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Entries from May 1, 2013 - May 31, 2013

Thursday
May302013

Risk of "dirty shutdown" at Paducah gaseous diffusion uranium enrichment plant

Paducah Gaseous Diffusion Plant. Photo credit: USEC/U.S. Department of EnergyIn a two-part series, Geoffrey Sea of Neighbors for an Ohio Valley Alternative (NOVA) has exposed deep financial troubles which could lead to major radiological risks at the Paducah gaseous diffusion uranium enrichment plant in Kentucky. Mind boggling mismanagement, or worse, by U.S. Enrichment Corporation (USEC) and the U.S. Department of Energy (DOE) are to blame.

Part I, entitled "Countdown to Nuclear Ruin at Paducah," was published May 22nd, and warned that there were just 9 days left to avert a "dirty shutdown" in the many miles of enrichment cells. If the uranium laden gas solidifies within the system, it will make eventual decommissioning and clean up astronomically expensive for taxpayers, and radiologically risky for workers.

Part II, "Slow Cooker at Paducah Comes to a Boil,"  was published May 28th, with only three days left to avert dirty shutdown.

Paducah has operated since the 1950s. Sea reports that Paducah, which employs the highly energy intensive gaseous diffusion uranium enrichment process, has the single biggest electric meter in the country, electrified by two dirty coal plants. It is also one of the single biggest emitters of ozone layer destroying CFC-114, which also happens to be a very potent greenhouse gas.

In September 1999, Joby Warrick of the Washington Post broke the story that post-reprocessing uranium from Hanford Nuclear Reservation, containing fission products and transuranics, had been secretively run through Paducah. Local residents, such as Ron Lamb, had already been long protesting Technetium-99 in his drinking well water, however. Paducah whistleblower Al Puckett helped expose a secret dumping ground for radioactive and hazardous wastes on site. Such revelations help to explain the high cancer rate amongst Paducah workers and area residents.

As Sea reports, USEC is still seeking a $2 billion federal loan guarantee from the Obama administration for its proposed American Centrifuge Plant at Portsmouth, Ohio. Newly confirmed Energy Secretary Ernest Moniz has deep ties to USEC, both during his time in the Clinton DOE, as well as afterwards, as a paid private consultant.

Thursday
May092013

"Worst Week Since Fukushima: 4 Setbacks in 3 Days are Latest Stumbles for Nuclear Power Industry"

Former NRC Commissioner Peter Bradford, and energy economist Mark Cooper, both of the Vermont Law School, as well as Dan Hirsch of the Committee to Bridge the Gap, held a telephone press conference yesterday on the subject of "WORST WEEK SINCE FUKUSHIMA: 4 MAJOR SETBACKS IN 3 DAYS ARE LATEST STUMBLES FOR U.S. NUCLEAR POWER INDUSTRY." An audio recording of the news conference has been posted online.

The four setbacks in three days include: 1) the cancellation of two proposed new reactors at South Texas Project, because they violate U.S. law against foreign ownership of nuclear power plants; 2) Southern California Edison's threat that if NRC does not allow it to restart operations at its crippled San Onofre nuclear power plant, it will permanently shutdown both reactors there; 3) Duke Energy's cancellation of two proposed new atomic reactors at its Shearon Harris nuclear power plant in North Carolina; and 4) Florida's amendment to its previously highly permissive "advance cost recovery" or "Construction Work in Progress" law, via which ratepayers have been gouged to pay for proposed new reactors, when there is no guarantee the proposed new reactors will ever actually get built or generate electricity.

Peter Bradford also added the May 7th shutdown of Dominion's Kewaunee atomic reactor in WI -- despite the 20 years of operating license still left to it -- as another example of the "worst week since Fukushima" for the U.S. nuclear power industry.

Bad nuclear power economics underlie all the setbacks.

Tuesday
May072013

High noon for nuclear power: Dominion's Kewaunee atomic reactor permanently shuts down!

Dominion's Kewaunee atomic reactor, on the Lake Michigan shore of northern WI near Green BayAs reported by Platt's, at 12 PM Noon Central time today, Dominion's Kewaunee atomic reactor was permanently shutdown. Last October, Dominion announced its intention to permanently close Kewaunee by mid-2013. Dominion explained its decision in the media as due to "economic reasons." However, one of Dominion's spokespeople did admit in a press interview that those "economic reasons" included the high cost of vitally needed safety repairs.

Dominion had attempted to sell Kewaunee, but found no buyers. Platt's reports "CMS Energy -- which sold Palisades, its only nuclear station, to Entergy in 2007 -- had considered buying the plant, but decided against it because of low gas prices and investor pushback."

Arnie Gundersen of Fairewinds Associates, Inc points out that Kewaunee still had an operating license for another 20 years, but Dominion is unable to operate the reactor economically. Gundersen also points out that the 60-year SAFESTOR plan prior to decommissioning means Kewaunee will not be dismantled and cleaned up until about a century after it commenced operations, in 1973.

Duke Energy's announcement in recent weeks regarding the fatally cracked containment at its Crystal River, FL reactor, and today's final SCRAM at Kewaunee, are the first permanent shutdowns of commercial atomic reactors in the U.S. in about 15 years. Kewaunee joins Zion 1 & 2 in IL, and Big Rock Point in MI, on the list of reactors on the Lake Michigan shore permanently shutdown. Point Beach 1 & 2 in WI, as well as Cook 1 & 2 and Palisades in MI, are reactors still operating on the Lake Michigan shoreline. Lake Michigan is a headwaters of the Great Lakes, 20% of the world's surface fresh water, and drinking water supply for 8 U.S. states, 2 Canadian provinces, and a large number of Native American First Nations.

Tuesday
May072013

Entergy Watch: Environmental coalition challenges Entergy's financial qualifications to continue operating reactors

"Burning money" graphic by Gene Case, Avenging AngelsAs reported by E&E's Hannah Northey at Greenwire, an environmental coalition including such groups as Alliance for a Green Economy (AGREE), Beyond Nuclear, Citizens Awareness Network (CAN), and Pilgrim Watch, has launched an emergency enforcement petition at the U.S. Nuclear Regulatory Commission, challenging the financial qualifications of Entergy Nuclear to safely operate and decommission such reactors at FitzPatrick in New York, Pilgrim in Massachusetts, and Vermont Yankee. All three reactors happen to be twin designs to Fukushima Daiichi Units 1 to 4, that is, General Electric Mark I boiling water reactors. The coalition's petition cited financial analyses by UBS on Entergy's dire economic straits. Representatives from coalition groups, including Beyond Nuclear's Paul Gunter, testified today before an NRC Petition Review Board at the agency's headquarters in Rockville, MD. 

FitzPatrick, Pilgrim, and Vermont Yankee have each already recieved 20-year license extension rubber-stamps from NRC. FitzPatrick, even though it never installed a hardened vent in the early 1990s, to deal with its too small, too weak containment -- the only one, of 23 Mark I in the U.S., to not do so. Pilgrim became the longest contested license extension -- a proceeding lasting over 6 years -- thanks to the efforts of Mary Lampert at Pilgrim Watch. And the Vermont Yankee license extension was actually blocked by the State of Vermont -- this court battle between and involving the state, Entergy, and NRC rages on in multiple federal and state venues.