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Michigan Attorney General wants review of nuclear plant license transfer to Holtec

AG Nessel asks for commission review of nuclear plant license transfer  https://www.wlns.com/news/michigan/ag-nessel-asks-for-commission-review-of-nuclear-plant-license-transfer/ 1 Mar 21, LANSING, Mich. (WLNS) – Michigan Attorney General Dana Nessel is petitioning for an energy company to seek more review before it undertakes a license transfer that could cost Michiganders money and safety.AG Nessel is petitioning the Nuclear Regulatory Commission to look more closely into a case involving a license transfer request for the Palisades Nuclear Plant and Big Rock Point Independent Spent Fuel Storage Installation, which are both currently owned by Entergy Co.

Nessel is requesting a hearing for the transfer of control of the licenses to those facilities from Entergy to Holtec International.

Earlier this month, Entergy and Holtec filed an application asking for the approval of the transfer of control of the licenses. Entergy plans to retire the Palisades Nuclear Plant in 2022.

A trust fund of about $550 million was established with ratepayer funds to decommission the Palisades.  Not only does Holtec want to use that fund to decommission the Palisades but also to handle the site restoration and fuel management cost.

Attorney General Nessel filed her petition and request to further review this license transfer application.

In her petition, Nessel said that she supports safe decommissioning, site restoration and fuel management at Palisades, but she’s concerned that Holtec does not have the financial qualifications to complete a risk-intensive project.

The petition demonstrates that Holtec has underestimated the costs for actual decommissioning, thus threatening the health and safety of Michigan residents, according to Michigan AG Dana Nessel. The petition also questions Holtec’s exemption request to use the decommissioning funds for site restoration and nuclear fuel management without providing evidence of other funding sources.

“Protecting the environment, the health and the pocketbooks of Michigan residents are part of my responsibilities as attorney general,” said Nessel in a press release. “My concern is that by seriously underestimating the cost of decommissioning, site restoration and nuclear fuel management, coupled with a lack of appropriate financial assurances, Holtec endangers our environment and health, and potentially leaves our residents to bear the costs of proper clean-up.”

Palisades Nuclear Power Plant is located in Covert Township and the Big Rock Point facility is located in Hayes Township both on the shores of Lake Michigan.

A copy of the AG’s petition can be found online here.

March 2, 2021 Posted by Christina Macpherson | business and costs, politics, safety, USA | Leave a comment

Is it wise for the Biden administration to fund Small Nuclear Reactors?

Climate change and ‘advanced nuclear’ solutions, The Hill, BY GREGORY JACZKO, — 02/23/21 
Nuclear power is knocking on the government’s door offering solutions. The Biden platform answered by including so-called “advanced nuclear” in its list of climate options. The question now is will they wisely fund any such efforts?
While talk of advanced nuclear reactors is ubiquitous, a precise definition is elusive. Without a clear target in which to aim, government funds will not hit the mark. Advanced nuclear has become the catch-all for the knight-in-shining-armor reactors that promise to address issues that have kept nuclear a marginal electricity player since its inception. But we need more than this open-ended definition. The Biden administration should support projects only if they can compete with renewables and storage on deployment cost and speed, public safety, waste disposal, operational flexibility and global security. There are none today.
The only advanced nuclear technologies close to realization are called small modular reactors. These reactors are smaller than traditional reactors and are self-contained. These features allow companies to manufacture most of the reactor in a factory and ship it to a plant site. This concept evokes images of smart phones rolling out of factories by the billions — each design identical and mass produced. Their small size reduces the amount of radiation that can be released to the environment, greatly reducing — but not eliminating — safety to a plant’s community….
Yet the economic competitiveness of small modular reactors appears weak. Shrinking the size of a traditional reactor and splitting it among many modules increases the cost of the electricity it produces. It is the same reason airlines fly large capacity jets instead of private jets. You maximize the revenue per area of the aircraft hull. Proponents argue mass production will overcome this problem with fleet-wide economies of scale and construction efficiencies. Only wide scale adoption of the technology would deliver those benefits and there is no obvious market to support that today.
Moreover, the nuclear industry always promises better, faster and cheaper yet it fails to deliver. ……
Small modular designs are only promising to be cheaper than traditional reactors. Current estimates show they are more expensive than renewables, like wind and solar, even with storage and without subsidies. Small reactors have a long way to go to be competitive. Dramatic cost decreases for high-volume energy storage, which address the intermittency of some renewables, make the competitive case for any form of nuclear even tougher.
Even if everything else was lined up perfectly, nuclear has little time to catch up. After reentering the Paris Agreement, the U.S. will again strive to achieve drastic reductions in greenhouse gas emissions (GHG) within the next 10 years. Even in the most optimistic scenario, we won’t see even a handful of small modular nuclear reactors in the U.S. until 2029 or 2030, which means a large-scale impact would come far after the climate tipping point.
What about the other factors like proliferation resistance and waste disposal? For those criteria, small modular reactors offer no advantages over their traditional reactor cousins. Even if the cost factors are addressed, proliferation concerns and waste management will be hurdles.
Most importantly, no small modular reactors have been deployed yet in the United States, despite government efforts. In 2011, the Department of Energy (DOE) offered $400 million grants to support two small modular reactor designs. After providing tens of millions, only one design is still under development. That company originally planned to build a 12-module plant at the Idaho National Laboratory.

Predictably, this project is in trouble. Electricity customers have committed to purchase just a small fraction of the power produced annually by that plant, which now is likely to be scaled down, diminishing the economies of scale from mass production. It will not operate until at least 2030, years behind schedule and too late to help deal with the problem forecast in the best climate models.  

Despite these challenges, the federal government agreed in concept to a $1.4 billion direct subsidy over 10 years for the project. Without this cash infusion, the project will not meet its already disputed targets for price competitiveness. Such largesse is part of the billions Congress and the Trump administration committed to other advanced reactor concepts, none of which are close to deployment.

To avoid wasting money on advanced nuclear reactors, the Biden administration must establish clear metrics for advanced nuclear reactors and apply them rigorously. Only ideas that can meet the pressing timetable of climate demands and electricity market realities deserve a serious look. My list is a good place to start. If advanced reactors cannot meet these metrics, they should not receive funding. Proponents of nuclear power will certainly say that living up to my list is an arduous task. Perhaps it is, but the future of our planet hangs in the balance. That is more important than the profits of an industry.

Dr. Gregory Jaczko was the chairman of the U.S. Nuclear Regulatory Commission from 2009 to 2012 and currently develops clean energy projects and teaches at Princeton University. https://thehill.com/opinion/energy-environment/539991-climate-change-and-advanced-nuclear-solutions

February 27, 2021 Posted by Christina Macpherson | business and costs, climate change, politics, Small Modular Nuclear Reactors, spinbuster | Leave a comment

France slow to leave nuclear power, (cheaper to extend lives of reactors)

France to extend lifetime of old nuclear power plants  https://au.finance.yahoo.com/news/france-extend-lifetime-old-nuclear-102331756.html

Thu, 25 February 2021,   French safety officials on Thursday gave the green light to extend the lifetime of the country’s oldest nuclear power plants as it seeks to boost the share of renewables in its power mix.

Nuclear energy currently provides nearly 70 percent of French electricity, more than in any other country.

France, hoping to reduce that share to 50 percent by 2035 — a target pushed back from an earlier 2025 date — with the help of renewables, has been holding off from building new reactors.

The number of French reactors, at 56, is second in the world only to the United States which operates 85.

French safety officials on Thursday gave the green light to extend the lifetime of the country’s oldest nuclear power plants as it seeks to boost the share of renewables in its power mix.

Nuclear energy currently provides nearly 70 percent of French electricity, more than in any other country.

France, hoping to reduce that share to 50 percent by 2035 — a target pushed back from an earlier 2025 date — with the help of renewables, has been holding off from building new reactors.

The number of French reactors, at 56, is second in the world only to the United States which operates 85.

The safety of French nuclear plants is checked every decade.

ASN asked state-controlled electricity provider EDF, which manages the country’s nuclear plants, to undertake any necessary work to safeguard their security.

The main target was to “limit the consequences of any accident, especially any serious accident involving the meltdown of a reactor”, ASN’s deputy director-general Julien Collet told AFP.

Another objective was to improve the resistance of the plants to outside shocks including earthquakes, floods, extremely hot weather, or a fire in the reactor.

Anti-nuclear campaigners have long demanded the closure of veteran nuclear power stations, and last year obtained the decommissoning of France’s oldest plant at Fessenheim in the east of the country.

“Active French nuclear power plants were built to operate for 30 or 40 years. Beyond that, nuclear reactors enter an unknown ageing phase,” said NGO Greenpeace, calling for more plants to be closed.

ASN president Bernard Doroszczuk told the Ouest France newspaper that there were still “weak points” in the stations’ security equipment, requiring “vigilance”, but that there had been improvements.

France’s nuclear reactors, grouped in 18 sites, are all second-generation pressurised water reactors.

EDF in 2015 estimated the cost of dismantling all the reactors at 75 billion euros ($92 billion) but a parliamentary report said the real cost would be more.

A third-generation reactor called EPR and under construction since 2007 in Flamanville in northern France was supposed to go online in 2012, but the launch date has been delayed repeatedly and is now fixed for next year.

Flamanville’s cost has run over 10 billion euros, more than three times the initial estimate. Once operational, it will have an estimated life span of 60 years.

February 27, 2021 Posted by Christina Macpherson | business and costs, France, politics | Leave a comment

City giant Legal and General will not be funding Sizewell nuclear project

Telegraph 20th Feb 2021, Sizewell C proves to be a turn-off for City giant Legal & General. Legal & General has ruled out helping to fund the new Sizewell C nuclear power plant, dealing a blow to EDF as it seeks backers for the £20bn project.
EDF is in negotiations with the government about taxpayer support for the planned plant in Suffolk bues of a reactor’s life.
It will also need institutional investors, which it argues can make stable returns over the decad
L&G has not spoken publicly about its plans but in a written response to a pension-holder, one of its investment service consultants said: “I have had it confirmed that Legal & General will not be investing in the Sizewell C nuclear power plant.” L&G declined to comment further. It comes after Aviva Investors expressed concerns about the potential ESG (environmental, social and governance) risks of nuclear power. It said the ESG impact of nuclear was “far from clear at this time.” L&G’s boss Nigel Wilson reportedly described Hinkley in 2016 as a “£25bn waste of money”.  https://www.telegraph.co.uk/business/2021/02/20/sizewell-c-proves-aturn-off-city-giant-legal-general/

February 22, 2021 Posted by Christina Macpherson | business and costs, UK | Leave a comment

The merging of the economic and the political power of big nuclear corporations

Big money, nuclear subsidies, and systemic corruption, Bulletin of the Atomic Scientists, By Cassandra Jeffery, M. V. Ramana | February 12, 2021,  ”………… the long-term impact of legislation that favors nuclear energy firms involves the great economic and political power that these large utilities possess. To better understand the basis of the economic power of these corporations, we analyzed financial data from electric utilities listed on the New York Stock Exchange (NYSE) between 1970 and 2019 on the standard Compustat database.

The first trend that is evident is one of increasing market concentration. From the 1970s through to the mid-1990s, there were roughly 80 to 85 companies listed in this sector on the NYSE. By 2000, that number had dropped to 56. The reason was a series of mergers and acquisitions through which large companies absorbed smaller companies. For example, Commonweath Edison became part of Unicom in 1994. Unicom and the Philadelphia Electric Company merged in 2000 to form Exelon. Similar mergers and acquisitions have continued, and by 2019 there were only 36 utility companies operating in the United States.

Measured through their market capitalization values, these 36 corporations are not equal. By and large, the corporations with the largest market cap values are the ones that own nuclear plants. Exelon is a good example, owning 17 of the 94 nuclear units that are operating in the United States as of November 2020. In 2019, Exelon’s average market capitalization was $44.3 billion. But Exelon is by no means the largest utility. Nextera Energy ($118 billion), Dominion ($69 billion), Duke ($67 billion), and American Electric ($47 billion) dominate the industry in terms of market capitalization. All of these five companies had a higher market capitalization in 2019 than the largest utility that did not own nuclear plants: Sempra Energy ($44.1 bn).

Over the last six years, when there have been no mergers or acquisitions among these companies, 11 out of the 14 companies that own nuclear assets have consistently held market capitalization values well above the median (based on 36 companies in all). Two of the remaining three hover near the median value, sometimes higher, sometimes lower. (The one remaining utility, El Paso, was recently bought out by JP Morgan, and will no longer be a publicly traded company.) On the whole, companies with nuclear plants have recorded larger market capitalization values than the median of 22 utilities that don’t own nuclear assets.

The legislative means used to take money away from electricity consumers and bail out economically failing nuclear plants owned by these large corporations helps further their market power, as illustrated by Dominion’s value rising from $49.5 billion in 2018 to $69.4 billion in 2019. While it is well known that wealthy corporations have a lot of political power, it seems from these examples that the converse might also be true: The political power enjoyed by these large corporations is at the root of their economic power. Indeed, as political economists Jonathan Nitzan and Shimshon Bichler have argued at length, the standard economic concept of capital symbolizes “organized power writ large,” challenging the conventional division between politics and economics. The various bills passed in state legislatures offer a political assurance to investors that revenues for these utilities are assured for the foreseeable future, which naturally translates into higher stock prices and market capitalizations.………https://thebulletin.org/2021/02/big-money-nuclear-subsidies-and-systemic-corruption/

February 13, 2021 Posted by Christina Macpherson | business and costs, politics, Reference, USA | Leave a comment

Wall Street: the Ultimate War Profiteers

Wall Street: the Ultimate War Profiteers

Wall Street plays the foundational role in the war industry by outright owning war corporations……

Big Finance sits at the top of the war industry by purchasing most shares of war corporations and by owning war corporations. Insatiable demand for profit places immense structural pressure on the Pentagon and Capitol Hill for sky-high U.S. military and intelligence budgets, broad deployment of troops overseas, and the opening up of governmental jobs to corporations. …………

Wars must be created and expanded, and military bases, through which to route goods and services, must be established and entrenched to satisfy investors. Notwithstanding, ending the wars first requires addressing the embedded profit motive, otherwise it is business as usual.

Who Are the Ultimate War Profiteers? A U.S. Air Force Veteran Removes the Veil, Covert Action Magazine By  Christian Sorensen February 10, 2021  

While war corporations, or so-called “defense contractors,” make billions in profits, Wall Street is the ultimate beneficiary of today’s nonstop wars. The prosaic nature of war profiteering—far from the work of a shadowy cabal—is precisely why the collusion is so destructive and should be outlawed.

The U.S. ruling class deploys the military for three main reasons: (1) to forcibly open up countries to foreign investment, (2) to ensure the free flow of natural resources from the global south into the hands of multinational corporations, and (3) because war is profitable. The third of these reasons, the profitability of war, is often lacking detail in analyses of U.S. imperialism: The financial industry, including investment banks and private equity firms, is an insatiable force seeking profit via military activity.

The war industry is composed of corporations that sell goods and services to the U.S. government and allied capitalist regimes around the world. Investment banks and asset management firms hold most shares of every major public war corporation.

The best-known financial firms holding the stock of war corporations include: Vanguard Group, BlackRock, State Street, JPMorgan Chase, Wells Fargo, and Wellington Management Continue reading →

February 11, 2021 Posted by Christina Macpherson | business and costs, Reference, USA, weapons and war | Leave a comment

Planning inspectors recommended against Wylfa Newydd project on Anglesey

Planning inspectors recommended refusal for new nuclear power plant, Nation Cymru 5th February 2021, Gareth Williams, local democracy reporter

Plans to build a new nuclear power station were likely to be refused even before the project was shelved by backers.

UK Government appointed planning inspectors had recommended that the Wylfa Newydd project on Anglesey be rejected over a number of concerns from experts.

The application has since been withdrawn after Hitachi, the company behind the project, decided that the power plant was too expensive to build without a funding deal with the UK Government in place.

Energy company Horizon – a subsidiary of Hitatchi – needed an Approval of the Development Consent Order (DCO) to allow the £16bn project to go ahead.

DCOs are needed for any planning application regarded as a major UK infrastructure project and DCO process for Wylfa Newydd had been underway since 2018.

The Planning Inspectorate’s conclusion, which was made public for the first time on Thursday, was intended to be considered as a recommendation – with the final decision down to the UK Government.

But expert planning officers felt that the scheme would fail to meet some of the United Nations’ biological diversity standards.

Inspectors also told UK Government ministers it had concerns over the project’s impact on the local economy, housing stock and the Welsh language…..

The findings of the planning inspectors’ report, which were made public for the first time on Thursday, said there was a lack of scientific evidence put forward by developers to demonstrate that the Arctic and Sandwich tern populations around the Cemlyn Bay area, where the plant was set to be built, would not be disturbed by construction.

There were fears that these birds would subsequently abandon nearby Cemlyn Bay as a result.

It also raised wider concerns over the general impact on Cemlyn Bay, the Cae Gwyn site of special scientific interest and Tre’r Gof……..

It went on to conclude: “Having regard to all the matters referred in this report, the ExA’s conclusion is that, on balance, the matters weighing against the proposed development outweigh the matters weighing in favour of it.

“The ExA therefore finds the case for development is not made and it recommends accordingly.”

‘Pulling the plug’ 

Before pulling the plug on the DCO application last month, Hitachi confirmed that talks had been taking place with potential new investors.  But with no concrete offer forthcoming, Hitachi announced it would wind up its Horizon Nuclear Power subsidiary by March 2021………  https://nation.cymru/news/planning-inspectors-recommended-refusal-for-new-nuclear-power-plant/

 

Daily Post 5th Feb 2021, The UK’s Planning Inspectorate has released its report into Wylfa Newydd –
showing they had recommended refusal over biodiversity issues.

https://www.business-live.co.uk/economic-development/wylfa-newydd-planning-inspectorate-releases-19774231

February 8, 2021 Posted by Christina Macpherson | business and costs, politics, UK | Leave a comment

Nuclear power unaffordable in USA, Russia, India, France, even China, but NO SOLUTION TO WASTES

Germany: Nuclear phaseout or renaissance?  https://www.dw.com/en/germany-looking-for-final-repository-for-nuclear-waste-global-outlook/a-56449115– 5 Feb 21,

Germany’s nuclear phaseout will be completed by the end of 2022. Safe final repositories for nuclear waste still haven’t been found, but some countries are still building new reactors. Does nuclear have a future?

There are currently 413 nuclear reactors in operation in 32 countries around the globe. According to the annual World Nuclear Industry Status Report (WNISR), nuclear power accounted for about 10% of global electricity demand in 2019, the highest share being 17.5% in 1996.

Most reactors were built between 1968 and 1986, mainly in Europe, the United States, the former Soviet Union and Japan. The global average age of these reactors is 31 years.

US: Future of nuclear power uncertain

The US currently has 94 nuclear reactors — more than any other country in the world. In 2019, they met 20% of the country’s electricity demand. The US also has the oldest reactors in the world, with an average age of 40 years.

Most reactors went into operation by 1985; only one started up within the last 20 years. Construction of two new reactors began in 2013. These are expected to begin working in the next few years.

The future of nuclear power in the US is uncertain. Although there are concepts for a new generation of reactors, it is questionable whether they can one day generate electricity as cheaply as the renewable energy sector.

There is no final repository for highly radioactive waste in the US. It is stored on site at the power plants.

Russia wants to export nuclear power

Russia currently operates 38 nuclear reactors. In 2019, they covered about 20% of electricity demand. Ten new reactors have come online over the past decade. Two nuclear power plants have been under construction since 2010 and are expected to start up in the next few years. The average age of Russian reactors is 28 years.

As Russia no longer wants to subsidize the construction of nuclear power plants in its own country, new domestic construction projects are uncertain. Instead, the state corporation Rosatom wants to focus on building reactors abroad in future. According to WNISR, 10 Russian reactors are currently under construction abroad, two each in Bangladesh, India, Turkey and Slovakia, and one each in Iran and Belarus.

Russia does not have a final storage facility for its highly radioactive nuclear waste. Critics have complained about the lack of transparency in the handling of nuclear waste.

Nuclear power too expensive in India

India currently has 21 nuclear reactors. In 2019, the share of nuclear power in the grid was 3%. Three reactors went online over the last 10 years, and six power plants are under construction. The average age of reactors is 23 years.

However, the expansion of nuclear power in India has been plagued by delays and mounting costs.

In 2012, the Planning Commission of India projected that the total capacity of all reactors would increase from just under 5 gigawatts (GW) to as much as 30 GW by 2027.

Today, reactors with a capacity of less than 7 GW are connected to the grid. The reactors under construction have a total capacity of 4 GW. Since the construction time of reactors in India is more than 10 years, a maximum of 11 GW will be on the grid in 2027, almost three times less than originally planned.

India does not have a final storage facility for highly radioactive nuclear waste.

China: More renewables instead of nuclear power

China is the world leader in the construction of new nuclear power plants. In the last 10 years, 37 reactors have come online. According to WNISR, 49 reactors were generating electricity at the beginning of 2021 and 17 more reactors are under construction. The share of nuclear power in the country’s electricity mix was 5% in 2019.

But China also built significantly fewer reactors than originally planned in the country’s five-year plan. At the same time, the expansion of renewable energies is eclipsing nuclear.

According to the National Energy Administration, 72 GW of wind power, 48 GW of photovoltaics and 13 GW of hydropower were connected to the grid in 2020. Nuclear power plants contributed only 2 GW of new capacity in the same year.

China does not have a repository for highly radioactive waste, but it is exploring one in the Gobi Desert. Its nuclear waste is currently stored at various reactor sites.

France: Nuclear industry with huge losses

France has relied on nuclear power like no other country in the world in recent decades. In 2019, almost 71% of electricity demand was covered by nuclear power. Currently, 56 power plants are still in operation and one is under construction. The power plants have an average age of 36 years, and the last reactor went online in 1999.

The world’s largest nuclear energy supplier and state-owned group EDF, which operates the French reactors, is indebted to the tune of €42 billion ($50.3 billion) and will have to invest an estimated €100 billion by 2030 to keep the old reactors in operation.

It is still unclear whether new reactors for nuclear power will be built in France. The decision has been postponed and is to be taken by the new French government after the next election in 2022.

There is no final repository for highly radioactive waste in France.

Poland: No investor for nuclear power

Poland has been planning to go nuclear since 1980 and started building two reactors, but stopped construction after the Chernobyl reactor disaster of 1986.

After that, there were repeated and ultimately unsuccessful attempts to restart construction. In 2014, the government adopted a plan to build six new reactors, with the first unit coming online in 2024. However, little has happened since then because it remains unclear how this costly program is to be financed.

This article has been adapted from German by Neil King.

February 6, 2021 Posted by Christina Macpherson | 2 WORLD, business and costs, politics, wastes | 1 Comment

South Africa’s new nuclear power plan would be a costly mistake

South Africa’s new nuclear power plan is a high-regret option,  https://www.dailymaverick.co.za/article/2021-02-05-south-africas-new-nuclear-power-plan-is-a-high-regret-option/   By Chris Yelland• 5 February 2021 The Integrated Resource Plan (IRP) 2019 indicates that a nuclear build programme ‘is a no-regret option in the long term’. I disagree and consider that a nuclear new-build programme is exactly the opposite – and very high-risk.

The National Energy Regulator of South Africa (Nersa), has issued a consultation paper and called for public input, comment and response to a determination by the Minister of Mineral Resources and Energy, in terms of Section 34(1) of the Electricity Regulation Act, 2006, to procure 2,500 MW of new nuclear power in South Africa.

The ministerial determination was sent to Nersa for its consideration and concurrence, which is a necessary step before the Department of Mineral Resources and Energy (DMRE) can issue a request for proposals to nuclear vendors following an open, transparent and competitive procurement process.

I am opposed to new nuclear power in South Africa, and this is definitely not because I am ideologically against nuclear energy or nuclear technology per se, but for sound, pragmatic reasons and the absence of a valid business case, including, amongst other factors:

  • The high capital cost/interest during construction and owner’s development costs;
  • The long planning, authorisation, procurement and construction times of over a decade;VI
  • The inevitable high cost- and time-overruns associated with complex mega-projects;
  • The construction and operating inflexibility of nuclear power in a power system that increasingly needs flexible generation capacity; and
  • Most of all, the need to commit to a single vendor country, vendor company, technology and design for a period of 100 years – including construction, operation and decommissioning.

This ministerial determination comes at a time when the world of energy and electricity is undergoing rapid change when the prices of renewable and flexible generation technologies are plummeting when new energy storage technologies are emerging, when the future of large-scale, centralised generation is changing and when the demand for electricity over long-distance transmission grids is decidedly uncertain and declining.

The Integrated Resource Plan (IRP) 2019 indicates that a nuclear build programme “is a no-regret option in the long term”. I disagree and consider that a nuclear new-build programme is exactly the opposite – very high risk and high-regret option indeed. This is not the time to be making extremely expensive 100-year commitments.

So, I urge thinking people to oppose new nuclear power in South Africa – because this is clearly not a national priority, and a new nuclear procurement cannot prevent the current electricity crisis from becoming a catastrophe in the course of the next decade.   DM

Written comments on the ministerial determination for 2,500 MW of new nuclear power in South Africa should be sent by email to Nersa at irp-procurement.newcap@nersa.org.za. The closing date is for written comments is Friday – 5 February 2021, but generally, Nersa does accept written comments after the closing date too. The dates for public hearings on the ministerial determination will be announced by Nersa shortly.

Chris Yelland, energy advisor to OUTA, and managing director at EE Business Intelligence.

 

February 5, 2021 Posted by Christina Macpherson | business and costs, South Africa | Leave a comment

Economics’ failure over destruction of nature presents ‘extreme risks’

Economics’ failure over destruction of nature presents ‘extreme risks’

New measures of success needed to avoid catastrophic breakdown, landmark review finds

Guardian 2nd Feb 2021. The world is being put at “extreme risk” by the failure of economics to take account of the rapid depletion of the natural world and needs to find new measures of success to avoid a catastrophic breakdown, a landmark review has concluded.

Prosperity was coming at a “devastating cost” to the ecosystems that provide humanity with food, water and clean air, said Prof Sir Partha Dasgupta, the Cambridge University economist who conducted the review. Radical global changes to production, consumption, finance and
education were urgently needed, he said.
The 600-page review was commissioned by the UK Treasury, the first time a national finance ministry has authorised a full assessment of the economic importance of nature. A
similar Treasury-sponsored review in 2006 by Nicholas Stern is credited with transforming economic understanding of the climate crisis.
The review said that two UN conferences this year – on biodiversity and climate
change – provided opportunities for the international community to rethink an approach that has seen a 40% plunge in the stocks of natural capital per head between 1992 and 2014.

https://www.theguardian.com/environment/2021/feb/02/economics-failure-over-destruction-of-nature-presents-extreme-risks

February 5, 2021 Posted by Christina Macpherson | 2 WORLD, business and costs, environment | Leave a comment

Unprecedented number of France’s nuclear reactors to go offline, and strikes continue.

French nuclear retreats from 12-month high amid early start to 2021 maintenance, S and P Global, AuthorAndreas Franke , EditorAndreas Franke London 5 Feb 21, — French nuclear generation availability is trending lower with three reactors scheduled to come offline for maintenance Feb. 6, market data showed Feb. 5.

From Feb. 6, six French reactors will have started 2021 maintenance, with five more to come this month, an unprecedented 11 reactors starting maintenance before March.

Reactors set for 10-year overhauls in 2021…………

S&P Global Platts Analytics assumes February output to average around 46 GW, a new record low for that month, before recovering above last year’s monthly averages………

wo strikes, an incident at Paluel and a return to milder and at times windy weather affected nuclear output in the second half of January.

Strikes continue

Another 24-hour strike was scheduled to start Feb. 9 at 2000 GMT, EDF said on its transparency website Feb. 4.

EDF workers are protesting against planned restructuring of the French state-owned utility, splitting nuclear and other operations.

Ongoing discussions with the European Commission about the details of the planned reform of the ARENH price mechanism have delayed a first presentation of those plans envisaged in January.

EDF currently has to sell 100 TWh of nuclear generation at Eur42/MWh to domestic suppliers.

The reform aims to lift prices as well as volumes………. https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/020521-french-nuclear-retreats-from-12-month-high-amid-early-start-to-2021-maintenance

February 5, 2021 Posted by Christina Macpherson | business and costs, France | Leave a comment

How the nuclear industry will try to avoid decommissioning costs

They want to renew reactor licenses.  It’s not just for their immediate survival –   it’s also to take attention away from the astronomic costs of decommissioning nuclear reactors, and to avoid those cosrs during their lifetime (the lifetime of the companies, not the reactors).

Nuclear has another friend in Biden, but changes at the NRC could mean more scrutiny ahead, Utility Dive . 1 Feb 21,  Matthew Bandyk ”’……………Subsequent license renewal

A top priority of the nuclear industry continues to be extending the lifetime of existing nuclear plants, a necessary step to maintain nuclear power’s position as a major source of electricity generation. Many reactors have retired for economic reasons, with several more expected to close in 2021, and the construction of new reactors to replace them remains a herculean task.

Over the past several years the NRC started accepting applications from nuclear plants to remain open for 80 years. The commission is also considering whether it should begin developing a framework for licensing plants to run for up to 100 years, holding the first public meeting on that topic on Jan. 21.

No U.S. nuclear plant had ever been licensed to operate beyond 60 years until Florida Power & Light’s Turkey Point reactors received a second license renewal from the NRC at the end of 2019, allowing operation for 80 years. Exelon’s Peach Bottom plant in Pennsylvania got permission to operate up to 80 years a few months later. These approvals came despite objections from environmental groups that the NRC was failing to do its duty by not requiring these plants to undergo more extensive reviews of the potential environmental and safety risks from 80 years of operation.

The NRC rejected a challenge to the Turkey Point relicensing process filed by the Natural Resources Defense Council and Friends of the Earth. Baran dissented, saying the commission should evaluate the groups’ position that Turkey Point cannot rely on a review of the environmental impacts of relicensing the reactors that was from 2013 and not specific to the site, and that the plant must instead perform a new review.

NRDC and Friends of the Earth have appealed the NRC’s decision on Turkey Point, and that challenge is currently pending before the U.S. Court of Appeals for the D.C. Circuit.

The nuclear watchdog group Beyond Nuclear brought a similar challenge against the Peach Bottom relicensing, and Baran once again dissented when the NRC released its order in November 2020 rejecting the group’s claim, but this time, he was joined by Hanson, who had been appointed to the commission after the Turkey Point decision.

The dissent of Baran and Hanson “conveys that a Democratically-led commission is at least more open to taking the hard looks at these license extensions that [the National Environmental Policy Act] demands,” said Paul Gunter, reactor oversight project director at Beyond Nuclear. A “hard look” would mean performing new environmental assessments of issues related to the aging of a nuclear plant, such as whether components of the plant have been embrittled by exposure to radiation over the course of decades, according to Gunter.

Dominion’s North Anna and Surry reactors in Virginia are next in line to potentially receive 80-year licenses. In addition, last November, NextEra Energy applied for license extensions up to 80 years for both of its reactors at the Point Beach plant in Wisconsin, and Duke Energy has told the NRC it intends to apply for similar extensions for the three reactors at its Oconee plant in South Carolina later this year. ……………..  https://www.utilitydive.com/news/nuclear-has-another-friend-in-biden-but-changes-at-the-nrc-could-mean-more/593609/

February 2, 2021 Posted by Christina Macpherson | business and costs, politics, USA | 1 Comment

Britain’s unaffordable nuclear power plans collapse, one by one

Times 31st Jan 2021, Nuclear winter for Britain as power plants close. Hinkley Point is last man standing as other power stations are scrapped. Hitachi president Hiroaki Nakanishi had a grand dream when
the Japanese giant paid £696 million for the right to build two nuclear power stations in the UK. “Today starts our 100-year commitment to the UK and its vision to achieve a long-term, secure, low- carbon and affordable energy supply,” declared Nakanishi in 2012, as he signed a deal to buy the Horizon nuclear project from Germany’s RWE and Eon.
Nakanishi’s plan was to use the UK as a shop window for its reactors, installing them at Wylfa on Anglesey in north Wales and Oldbury-on-Severn in south Gloucestershire. Wylfa would provide enough power to supply the whole of Wales. Together, the two sites could power about 10 million homes.
Last week, that bold vision lay in tatters as Hitachi pulled down the shutters on Horizon, which it will wind up by the end of March. It has cancelled its application for a development consent order — a formal process needed to secure planning permission — for the £20 billion Wylfa Newydd plant, despite having spent £2 billion exploring every aspect of the project, from the rock strata on the island to the location of Roman ruins.
British Gas parent Centrica scrapped plans to invest in new nuclear power in 2013and for the past few years has been trying to sell its 20 per cent stake in the existing fleet of British Energy plants. Russian and Canadian operators have also abandoned attempts to build reactors in this country.
Another planned EDF plant, at Sizewell in Suffolk, has been given encouragement by the government, but EDF faces years of negotiations with ministers over the financial structure of a deal.
CGN hopes to install its home-grown reactor, the Hualong One, at Bradwell-on-Sea in Essex, but must overcome opposition from Tory MPs and the United States.
The biggest obstacles to nuclear have always been cost and risk. The retreat of Hitachi and Toshiba showed that only governments dare take the risk of building nuclear stations —
particularly when they are the first of a new design. Theresa May’s government eventually offered to take a third of the equity in Horizon alongside the Japanese government and Hitachi. Boris Johnson’s administration is exploring a new financial model, the regulated asset base, where investors could earn a return during construction.
All that was too late for Horizon, led by Duncan Hawthorne. In a letter to the unions
that had begged Hitachi to grant the project a reprieve, executive Toshikazu Nishino said that it had not received adequate backing from government.

https://www.thetimes.co.uk/article/nuclear-winter-for-britain-as-power-plants-close-gb8c5dx07

February 1, 2021 Posted by Christina Macpherson | business and costs, politics, UK | Leave a comment

Why nuclear power is a bad way to balance renewable energy  


Why nuclear power is a bad way to balance renewable energy  
https://100percentrenewableuk.org/why-nuclear-power-is-a-bad-way-to-balance-renewable-energy
David Toke, Ian Fairlie and Herbert Eppel from 100percentrenewableuk discuss how nuclear power effectively switches off wind and solar power and how a 100percent renewable energy system is much better for the UK than one involving nuclear power

The Government, backed by a lot of public policy reports paid for by pro-nuclear interests, constantly pushes out the view that nuclear power is ‘essential’ to balancing wind and solar power.

But what they never mention is the massive waste of renewables that occurs in such a scenario.

Under the scenarios planned by the Government nuclear power is paid very high prices to generate power even when there is excess electricity, which pushes renewables to close down.

The Government also refuses to undertake serious investigations of how a system that uses excess renewables to create short and long term storage is a much better way of organising our energy needs rather than wasting more money on building nuclear power statitons.

If you agree the aims of 100percentrenewableuk please join the discussion via our email group.

 

January 30, 2021 Posted by Christina Macpherson | business and costs, politics, renewable, UK | Leave a comment

Half a £billion here, half a £billion there – the costs of Hinkley Point C go up again

NFLA 28th Jan 2021, Half a billion here, half a billion there – the costs of Hinkley Point C
go up again, just as Hitachi finally gives up on Wylfa B.

The UK & Ireland .Nuclear Free Local Authorities (NFLA) note with little surprise the announcement from EDF Energy that the costs of building the Hinkley Point C has gone up again, now to an eye-watering £23 billion.

It also comes as the Japanese nuclear utility Hitachi formally withdraws its interest from the possible development of the Wylfa B site, criticising the UK Government’s lack of support in its decision.

https://www.nuclearpolicy.info/news/costs-hinkley-point-c-up-again-hitachi-finally-gives-up-wylfa-b/

January 30, 2021 Posted by Christina Macpherson | business and costs, UK | Leave a comment

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22 June – Virtual Event –Climate Change: New Data, New Debate


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Report Launch Online: We are seeing an increasing exploitation of space for military and commercial purposes. This must change.

Protect Sazan Island from the Trump family! https://secure.avaaz.org/campaign/en/protect_sazan_island_from_the_trump_family_loc/?bqFCVab&v=174511&cl=22707147157&_checksum=5e9dde668860e8231c33699735e16a1fbf22ab2cb01da50c999fe8732b9775ef&utm_source=email&utm_medium=blast_email&utm_campaign=174511

Cuba Is Not a Failed State – It Is a Besieged State

PETITION: “Global Appeal to Endorse Palestinian Right of Return of Refugees” 

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