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Exelon’s threat to Illinois – aiming to get more tax-payer funding

Illinois officials call Exelon plan to close 4 GW of nuclear a ‘threat’ to secure more subsidies, UtilityDive, Catherine Morehouse@cmorehouse10– Aug. 28, 202   

Dive Brief:

  • Exelon on Thursday announced it would close two of its nuclear plants totaling over 4.1 GW of nuclear power by fall of 2021, blaming in part a 2019 rule implemented by the Federal Energy Regulatory Commission that raises the bidding price for state-subsidized resources in the PJM Interconnection…….
  • But stakeholders, including representatives from Illinois Democratic Gov. J.B. Pritzker’s office, say the utility’s “threats” are a thinly veiled attempt to secure more funding from the state. ……. https://www.utilitydive.com/news/illinois-officials-call-exelon-plan-to-close-4-gw-of-nuclear-a-threat-to/584301/

September 7, 2020 Posted by Christina Macpherson | business and costs, politics, USA | Leave a comment

Exelon again bullying Illinois into subsidies for nuclear power stations

Inside Clean Energy: Illinois Faces (Another) Nuclear Power Standoff. Exelon wants a subsidy to keep two nuclear plants running, reigniting a longstanding—and acrimonious—debate. Inside Climae News,       BY DAN GEARINO   4 Sept 20,

Illinois is up against what one observer calls a “nuclear hostage crisis”: The energy company Exelon says it will close two struggling nuclear power plants unless the state provides subsidies.

If this sounds familiar, it’s because something very similar happened in Illinois about five years ago, leading to a 2016 state law that subsidized two other Exelon nuclear plants in the state—a law now tainted by a still-unfolding bribery scandal.

Despite all the reasons to tell Exelon to take a hike, some consumer and environmental advocates say there is a strong case for keeping the plants open because they are an important source of carbon-free electricity. This ties into the larger, often acrimonious debate about the role of nuclear power in the transition away from fossil fuels.

Exelon owns all six nuclear plants in Illinois. This includes the two that would close in 2021, two (the Braidwood and LaSalle plants) that the company says are at risk of closing for financial reasons but are not yet scheduled to close and two (the Quad Cities and Clinton plants) that are subsidized by the 2016 law.

The six plants produced 54 percent of the electricity generated in the state last year. Coal is a distant second with 27 percent, followed by natural gas with 10 percent.

Renewable energy is growing, thanks in part to programs that also were part of the 2016 nuclear bailout legislation. But wind and solar are still small shares of the energy mix, with 8 percent and less than 1 percent, respectively.

Renewable energy is growing, thanks in part to programs that also were part of the 2016 nuclear bailout legislation. But wind and solar are still small shares of the energy mix, with 8 percent and less than 1 percent, respectively. ……….

Exelon has a lot of baggage these days. Federal prosecutors said in July that Commonwealth Edison, which is owned by Exelon, provided illegal payments and favors to help persuade lawmakers to pass the 2016 nuclear bailout.

ComEd agreed to pay $200 million to resolve the case, and is now cooperating in an ongoing probe that is likely to be focused on the lawmakers who allegedly accepted the favors, including Illinois House Speaker Mike Madigan, a Democrat.

Adding to the complexity of this debate is that environmental advocates are divided on whether nuclear should be part of a clean energy future. The case against nuclear is that it’s unsafe, with risks of devastating accidents and concerns about where to store nuclear waste.

David Kraft, director of the Nuclear Energy Information Service in Chicago, describes this latest push by Exelon as “yet another nuclear hostage crisis.” His group has been campaigning since 1981 for the country to phase out nuclear power.

“A better future for our children would be one that’s both carbon-free and radioactive waste free!” Kraft said in a guest commentary published Monday in The Chicago Tribune.

“To create a truly low-carbon and less-polluting energy future, put those funds gambled on nuclear directly into renewables, efficiency and energy storage upfront instead, eliminating nuclear power’s unpredictable risks and perpetual bailouts,” he said. ………….https://insideclimatenews.org/news/02092020/inside-clean-energy-nuclear-illinois-ohio

September 5, 2020 Posted by Christina Macpherson | business and costs, politics, USA | Leave a comment

Bill Gates and nuclear bigwigs-a conglomerate of propaganda for Small Nuclear Reactors

 

 
 

GE Hitachi, TerraPower Team on Nuclear-Storage Hybrid SMR, Power, Sep 3, 2020, by Sonal Patel

GE Hitachi Nuclear Energy (GEH) and Bill Gates’ nuclear innovation startup TerraPower are ready to demonstrate a “cost-competitive” advanced nuclear reactor system that will integrate a 345-MWe sodium fast reactor (SFR) with a molten salt energy storage system under a unique energy system architecture.

The advanced nuclear technology developed under a joint development agreement is called “Natrium.” It blends the “best of” TerraPower’s Traveling Wave Reactor (TWR) and GEH’s PRISM technology, but it boosts them with “additional innovations and improvements” to ramp up the SFR’s performance and economics and render it competitive in the U.S. and other countries, the companies told POWER on Sept. 2.

Because Natrium leverages “the breadth and depth of the team’s expertise and resources”—which takes into account work on multiple reactor designs and efforts across the nuclear lifecycle—the technology has sped “beyond the research and development phase” and is ready for demonstration.

“The demonstration plant is designed to be delivered in the next seven years,” TerraPower told POWER on Wednesday. “That means the Natrium technology will be available in the late 2020s,” which would make it one of the world’s first commercial advanced nuclear technologies, it said.   …. https://www.powermag.com/ge-hitachi-terrapower-team-on-nuclear-storage-hybrid-smr/

 
 
 

 

September 5, 2020 Posted by Christina Macpherson | 2 WORLD, marketing, technology | 1 Comment

Over 800 coronavirus cases among workers at Vogtle nuclear project, may increase costs and delays

Georgia nuclear project reports more than 800 COVID-19 cases to date,  https://www.ajc.com/ajcjobs/georgia-nuclear-project-reports-more-than-800-covid-19-cases-to-date/P4BXNDI5ONHX7BSPCPTJYZNWYE/  By Matt Kempner, 20 Sept 20, The Atlanta Journal-Constitution,  Georgia Power’s massive nuclear expansion project has had more than 800 workers who have tested positive for COVID-19 since the coronavirus pandemic began.

In a new filing with the state, Georgia’s largest electric provider said it has weathered another wave of cases at the Plant Vogtle project underway south of Augusta, but that the number of new cases is receding again.

Georgia Power said more than 700 of the workers who tested positive are now eligible to return to work, and that there were 109 active confirmed cases as of Friday. A spokesman declined to disclose if any workers have been hospitalized or died, citing privacy laws.

About 7,000 workers are stationed on site after 2,000 were sent home in April in hopes of reducing the virus’ spread and dealing with growing absenteeism.

The virus has been blamed for further slowing the project, which is already years behind schedule and billions of dollars over budget.

Independent monitors for the Georgia Public Service Commission warned in June that even without considering the impact of COVID-19, Vogtle’s costs will rise by another $1 billion and the project is “highly unlikely” to have its two new reactors in service by November 2021 and November 2022, respectively.

In a filing made public Monday, the company said it continues to plan for the scheduled operation dates.

But Georgia Power said it recognizes “that the project may continue to experience challenges and that unanticipated events, or failure to meet the current plan, may require further revision to the site work plan, capital cost forecast, and/or project schedule.”

In a July filing, the company said costs for its share of the project are expected to be $149 million over current forecasts and that it later may ask state regulators to charge customers for the increase.

After coronavirus cases rose early in the pandemic, the project went several weeks without any new confirmed cases on the site, according to the company’s latest filing. But the confirmed cases grew again. Then, in recent weeks, “the site has followed the general trend in the region with a decline in the number of active cases.”

September 3, 2020 Posted by Christina Macpherson | business and costs, health, USA | Leave a comment

Fluor could improve its finances by abandoning NuScam, as some cities pull out of ”small” nuclear reactor scheme

Fluor could improve earnings by reducing underperforming assets, including NuScale
Some U.S. cities turn against first planned small-scale nuclear plant, WHTC, Wednesday, September 02, 2020 by Thomson Reuters, By Timothy Gardner and Nichola Groom,   (Reuters) – The first U.S. small-scale nuclear power project, grappling with cost overruns and delays, faces another challenge: the defection of cities that had committed to buying its power. The more than 30 members of the public power consortium Utah Associated Municipal Power Systems (UAMPS) have until Sept. 30 to decide whether to stick with the project and devote more funds to NuScale Power LLC’s first-of-a-kind reactor.

But two cities, Logan and Lehi, Utah have walked away from the project, and a third is now considering dropping its support because of risks and a lack of backers, according to officials.

Allen Johnson, the power department director for Bountiful, Utah, said chances are greater than 50-50 it will withdraw.

“You’ve got to have enough people to support it and some of the players I thought would be interested are not,” he said.

The defections are bad news for U.S. efforts to develop modular nuclear energy …

Combined, cities have so far committed to buying just under 200 megawatts of the plant’s planned 720 megawatts of power.

The U.S. Department of Energy has pumped more the $280 million into the project since 2013, and is expected to commit another $1.4 billion over the next nine years. The department did not respond to requests for comment…….

The consortium earlier this year pushed back the project’s commercial operation date to 2030 from 2026, Webb said, to provide more time for public input and opportunities for cities to reconsider their participation at various phases.

CITIES RETHINK COSTS

NuScale, based in Portland, Oregon, is majority owned by construction and engineering firm Fluor Corp.

The project would include 12 60-megawatt modules at the Energy Department’s Idaho National Laboratory.

The Nuclear Regulatory Commission last week approved NuScale’s design, the first such green light for a modular reactor.

Small modular reactors are meant to be cheaper and quicker to build than traditional reactors because they can be manufactured in factories. But critics say economies of scale are lost with the smaller plants.

The NuScale project’s projected cost of $6.1 billion has risen from $3.6 billion in 2017, Mark Montgomery, head of the municipal utility in Logan told officials there last month ahead of their vote to abandon the project.

Lehi withdrew from the project due to a lack of interest from other entities and increased costs, according to the Aug. 25 resolution approved by its city council.

“These cities should not be acting as venture capital investors,” said Rusty Cannon, vice president of the Utah Taxpayers Association, which has been pushing cities to leave.

Previous cost estimates did not account for financing and decommissioning, as well as higher labor, construction and materials costs over ten years, UAMPS spokesman Webb said, explaining the change.

NuScale said the project delay had been requested by UAMPS. It did not comment specifically on the city defections.

A Wednesday report written by M.V. Ramana a professor of disarmament and human security at the University of British Columbia said Fluor had cut its own investment in the project and excluded NuScale expenses from its financial forecasts because it was expecting additional funding from third party investors.

Financial analyst Jamie Cook of Credit Suisse said last year that Fluor could improve earnings by reducing underperforming assets, including NuScale. ………https://whtc.com/news/articles/2020/sep/02/some-us-cities-turn-against-first-planned-small-scale-nuclear-plant/1054578/

September 3, 2020 Posted by Christina Macpherson | business and costs, Small Modular Nuclear Reactors, USA | Leave a comment

Small nuclear reactors – NuScam looking dodgy as parent company Fluor shares sink?

Fluor Corporation stock has also loss -9.83% of its value over the past 7 days. However, FLR stock has declined by -15.01% in the 3 months of the year. Over the past six months meanwhile, it has lost -19.89% and lost -47.51% year-on date.   DBT News  25 August 20 

September 3, 2020 Posted by Christina Macpherson | business and costs, Small Modular Nuclear Reactors, USA | Leave a comment

Small nuclear reactor NuScam’s parent company Fluor – shares tumble afterdisclosure of accounting probe

Fluor Shares Tumble After Disclosure of SEC Accounting Probe, Fluor shares are tumbling after the engineering company disclosed an SEC probe into its past accounting and financial reporting.   ROB LENIHAN, FEB 18, 2020

Fluor (FLR) – Get Report shares were tumbling after the engineering and construction company said the Securities and Exchange Commission is looking into the company’s past accounting and financial reporting.

The Irving, Texas, company also said in a statement that the SEC has asked for documents and information related to projects for which the Company recorded charges in the second quarter of 2019……. https://www.thestreet.com/investing/stocks/fluor-shares-tumble-after-engineering-company-discloses-sec-probe

September 3, 2020 Posted by Christina Macpherson | business and costs, Small Modular Nuclear Reactors, USA | Leave a comment

Santee Cooper and Westinghouse Electric to sell of equipment at the failed $9 billion VC Summer nuclear site.


SANTEE COOPER, WESTINGHOUSE BURY NUCLEAR HATCHET 
 Agree to sell millions of dollars in nuclear equipment, Lexington Chronicle , By Jerry Bellune, JerryBellune@yahoo.com, 2 Sept 20,

Squabbling over millions of dollars in nuclear equipment may be temporarily over.
Santee Cooper and Westinghouse Electric have reached a settlement,

This gives the taxpayer-owned utility full ownership of all non-nuclear equipment at the failed $9 billion nuclear site.
Santee Cooper has taken over mangement and security for equipment at the Fairfield County site.
The nuclear fiasco forced the retirement of top executives at its partner, SC Electric & Gas in Lexington County.
SCE&G has since been bought by Dominion Energy of Virginia.
Santee Cooper can begin selling equipment immediately.
The companies will split sales revenue from nuclear equipment………

Santee Cooper reportedly is in debt more than $8 billion, at least half of it from the nuclear failure.
Santee Cooper will receive 90% of revenue from the sale of major installed nuclear equipment.
It will receive 67% of revenue from the sale of other equipment that could be used in nuclear projects.
Westinghouse has responsibility for marketing the nuclear equipment. Marketing and sales will last for up to 5 years.
Construction on the twin nuclear reactors was abandoned in July 2017, 4 months after Westinghouse declared bankruptcy. …… https://www.lexingtonchronicle.com/news/santee-cooper-westinghouse-bury-nuclear-hatchet

September 3, 2020 Posted by Christina Macpherson | business and costs, USA | Leave a comment

France’s President Macron joins the global nuclear lobby’s push to export nuclear reactors

Macron talks nuclear energy and ways to control militias during Iraq visit, The National , Khaled Yacoub Oweis, Sep 2, 2020French PM is the most significant leader to visit Iraq since Prime Minister Mustafa Al Kadhimi came to power in May

During a visit to Baghdad on Wednesday, French President Emmanuel Macron discussed solving Iraq’s massive power shortages with nuclear energy ……. Mr Kadhimi told reporters in Baghdad that he discussed with Mr Macron “a future project” to use nuclear energy to produce electricity and solve decades-long power shortages……..

If realised, the project would place Iraq along with the UAE and Iran as the only Middle East countries with electricity produced by a nuclear reactor. ………. https://www.thenational.ae/world/mena/macron-talks-nuclear-energy-and-ways-to-control-militias-during-iraq-visit-1.1071729

September 3, 2020 Posted by Christina Macpherson | France, marketing | Leave a comment

Santee Cooper finalizes settlement over leftover material at failed SC nuclear project

Santee Cooper finalizes settlement over leftover material at failed SC nuclear project, Post and Courier, By Andrew Brown abrown@postandcourier.com, Aug 31, 2020  

Santee Cooper may finally be able to recover some of the money it dumped into two unfinished nuclear reactors in South Carolina.

The board of the Moncks Corner power provider finalized a settlement this weekend with Westinghouse Electric that will enable the state-run utility to sell off leftover parts and materials from the failed expansion of the V.C. Summer project.

The settlement, which has been in the works for months, requires Santee Cooper and Westinghouse to split the profits from any remaining equipment that could be used on another site. …….

…….  The state-run utility still has more than $3.6 billion in bonds tied to construction at V.C. Summer, and Santee Cooper’s leadership said any proceeds from the nuclear equipment will go toward paying down that debt……..

The V.C. Summer project is widely considered one of the worst business failures in South Carolina history.

Santee Cooper was the minority owner of the project. It partnered on the unfinished reactors with Cayce-based South Carolina Electric & Gas, which was sold to Dominion Energy after construction was halted in mid-2017 after years of delays and cost overruns.

The two South Carolina utilities spent more than $9 billion on construction before the reactors were abandoned in July 2017.

By that time, Westinghouse had filed for bankruptcy and left the struggling project in the laps of SCE&G and Santee Cooper. As a result, electric customers for both utilities are still paying off debt tied to the abandoned project.

The amount of material left over from the two unfinished nuclear reactors is vast, and there’s one big reason for that. By the time SCE&G and Santee Cooper pulled the plug on the project, they had already purchased more than 90 percent of the parts. Yet only a third of the reactors were actually built.  ………….https://www.postandcourier.com/business/santee-cooper-reaches-settlement-over-leftover-material-at-failed-sc-nuclear-project/article_8d01c2e4-eba1-11ea-a8d5-5fad5583ac38.html…..

September 1, 2020 Posted by Christina Macpherson | business and costs, legal, USA | Leave a comment

Duke Energy Has Squandered Billions in Failed Natural Gas and Nuclear Projects,

Report: Duke Energy Has Squandered Billions in Failed Natural Gas and Nuclear Projects, Alex Formuzis, alex@ewg.org, EWG, 31 Aug 20, WASHINGTON – Since 2013, Duke Energy and its partners have scrapped natural gas pipelines and nuclear power plants totaling $11.6 billion, according to a new report by the Environmental Working Group.

For most businesses, this record of blowing billions of dollars on one failed project and boondoggle after another would send finances reeling and the executives in charge packing.

But not when you are the nation’s largest investor-owned electric utility, with a captive ratepayer base of 7.7 million across six states, and state lawmakers and regulators in your pocket who let you pass those losses onto customers through new fees and rate increases………………

Failed, costly projects like the ACP and the Edwardsport plant are business as usual for Duke, from the cancelled Lee nuclear plant in South Carolina to the cancelled Levy and shuttered Crystal River nuclear plants in Florida.

Plans for the construction of the Levy plant first began in 2006 under Progress Energy, which merged with Duke in 2012. The original estimate was $5 billion to $6 billion. By the time of the merger, the price tag had grown to $24 billion and the in-service date was pushed back eight years, to 2024.

Even in the face of overruns nearly five times higher than the original cost estimates, Duke was unfazed, pressing the Nuclear Regulatory Commission for a license to build and operate the plant. The NRC granted Duke’s request in 2016, but that same year the utility announced it would halt production. Florida regulators allowed Duke to charge customers $800 million for a plant that never delivered a kilowatt of electricity.

To drag Duke and other utilities into the clean energy future, politicians and regulators must disrupt the monopoly model that has ceded control of energy to profit-first corporations. Electricity rates should be tied to efforts to increase efficiency and promote renewables like rooftop and community solar – both of which Duke has fought to deny the captive ratepayers in its vast expansive service area. And stockholders, not ratepayers, should bear the costs and risks of big capital projects.

###

The Environmental Working Group is a nonprofit, non-partisan organization that empowers people to live healthier lives in a healthier environment. Through research, advocacy and unique education tools, EWG drives consumer choice and civic action. Visit www.ewg.org for more information.       https://www.ewg.org/energy/release/23293/report-duke-energy-has-squandered-billions-failed-natural-gas-and-nuclear

September 1, 2020 Posted by Christina Macpherson | business and costs, USA | Leave a comment

The closure of Hunterston B will not cause power network outages

Insider Media 28th Aug 2020, The closure of Hunterston B will not cause power network outages,
Scotland’s energy minister Paul Wheelhouse has insisted. The nuclear power
station is to close by January 2022, according to operator EDF Energy,
almost two years earlier than expected.
Last year, Scottish Gas owner
Centrica blamed interruption of electricity supply from Hunterston for loss
of income. Wheelhouse reiterated the Scottish Government’s position that no
new nuclear power stations should be built in Scotland, with energy
generated by renewable sources instead.
He said that for a two-month period
in 2018, Hunterston B was entirely offline and the Torness nuclear power
station in East Lothian was operating at reduced capacity, but it caused no
issues for the energy supply. Wheelhouse told the BBC: “Scotland, in the
last year for which we got full statistics, exported a net 15.9 terawatt
hours of energy – which dwarfs the output of Hunterston.”

https://www.insider.co.uk/news/energy-minister-hunterston-closure-not-22593000

August 31, 2020 Posted by Christina Macpherson | business and costs, UK | Leave a comment

If the arms treaty with Russia ends USA will spend even more than the planned $1.2 trillion on nuclear weapons

US nuclear weapons budget could skyrocket if Russia treaty ends, Defense News, 27 Aug 20

By: Joe Gould   WASHINGTON ― The New START nuclear pact’s demise could cost the Department of Defense as much as $439 billion for modernization, plus $28 billion in annual maintenance costs, the Congressional Budget Office said in a report published Tuesday.

That price estimate, as the United States and Russia remain at odds over the treaty, reflects a threefold increase in weapons production costs. With Washington and Moscow’s responses to the expiration of New START unclear, CBO explored several possible paths, including other less expensive options.

“If the New START treaty expired, the United States could choose to make no changes to its current plans for nuclear forces, in which case it would incur no additional costs,” the CBO study found. “If the United States chose to increase its forces in response to the expiration of the treaty, modest expansions could be relatively inexpensive and could be done quickly. Larger expansions could be quite costly, however, and could take several decades to accomplish.”

The New START treaty limits each country to no more than 1,550 deployed nuclear warheads and 700 deployed missiles and bombers. Signed in 2010 by then-U.S. President Barack Obama and then-Russian President Dmitry Medvedev, the pact would expire Feb. 5, but includes an option to extend it for another five years without needing the approval of either country’s legislature.

The analysis comes amid predictions of flattening defense budgets and as the United States and Russia concluded two days of arms control talks in Vienna last week with some signs of a possible willingness to extend the existing New START deal. A key sticking point is the U.S. demand to include China in any new treaty, even as China has repeatedly refused……..

Russia has offered an extension without any conditions. U.S. negotiator Marshall Billingslea indicated the U.S. was willing to talk about an extension but only if there were a politically binding framework for making changes to New START, which he called “deeply flawed.”

House Armed Services Committee Chairman Adam Smith, D-Wash., and Senate Foreign Relations Committee ranking member Sen. Bob Menendez, D-N.J., said a failure to renew would drive the U.S. toward a dangerous and unaffordable arms race, as Russia would use a U.S. exit to “quickly expand its arsenal.”

“Extending the New START Treaty for a full five years is clearly the right financial and national security choice,” they said in a joint statement. “America cannot afford a costly and dangerous nuclear arms race, particularly in the middle of our current financial, political, and health crises. We again call on the Trump Administration to extend the New START Treaty today.”

Arms control advocates have likewise warned against the U.S. allowing the treaty to lapse with no limits on their nuclear arsenals, after both Moscow and Washington withdrew from the 1987 Intermediate-range Nuclear Forces Treaty last year.

“Ever-increasing spending on nuclear weapons without an arms control framework that bounds U.S. and Russian nuclear forces is a recipe for budget chaos, undermining strategic stability, and damaging the health of the global nonproliferation regime,” said the Arms Control Association’s director for disarmament and threat reduction policy, Kingston Reif.

“Such an approach also flies in the face of longstanding bipartisan Congressional support for the pursuit of modernization and arms control in tandem.”

An expansion in nuclear weapons spending would likely place pressure on other parts of the national defense budget. CBO previously concluded the U.S. will spend $1.2 trillion over the next three decades on nuclear-weapons. Meanwhile, the Pentagon is not budgeting for New START’s expiration, according to a recent GAO report.

U.S. lawmakers of both parties are pressuring the White House to extend the pact. ………. https://www.defensenews.com/congress/2020/08/25/cbo-us-nuclear-weapons-budget-could-skyrocket-if-russia-treaty-ends/

August 27, 2020 Posted by Christina Macpherson | business and costs, politics international, USA, weapons and war | 1 Comment

Lehi City Council backs out of NuScam ‘small’ nuclear reactor project

Lehi City Council votes to back out of nuclear power project contract, Herald Extra,   By Connor Richards Daily Herald  26 Aug 20, 

The Lehi City Council voted unanimously Tuesday to withdraw the city from a multiagency nuclear power project that would provide nuclear power to cities across Utah, citing concerns over increasing costs.

The Carbon Free Power Project is an initiative by Oregon-based NuScale Power, the Utah Associated Municipal Power Systems and the United States Department of Energy to build a small modular reactor power plant at the Idaho National Laboratory………

Earlier this month, the Utah Taxpayer Association called on cities to withdraw from the project ahead of the Sept. 14 deadline after a closed-door virtual town hall meeting on July 21 where officials warned of project delays, increased costs to cities and towns involved, and “dependence on unpredictable federal subsidies.”

“The UAMPS project will lock in 27 municipalities in Utah and several in surrounding states for a share of billions of dollars in costs and unclear risk in the pursuit of a cluster of small modular reactors (SMRs) touted by Oregon-based NuScale Power, which repeatedly has delayed timelines and increased costs associated with its SMRs,” Utah Taxpayer Association Vice President Rusty Cannon said in an Aug. 4 news release. “The risky project with massive cost escalations is being conducted largely out of the public eye.”

Earlier this month, the Utah Taxpayer Association called on cities to withdraw from the project ahead of the Sept. 14 deadline after a closed-door virtual town hall meeting on July 21 where officials warned of project delays, increased costs to cities and towns involved, and “dependence on unpredictable federal subsidies.”

“The UAMPS project will lock in 27 municipalities in Utah and several in surrounding states for a share of billions of dollars in costs and unclear risk in the pursuit of a cluster of small modular reactors (SMRs) touted by Oregon-based NuScale Power, which repeatedly has delayed timelines and increased costs associated with its SMRs,” Utah Taxpayer Association Vice President Rusty Cannon said in an Aug. 4 news release. “The risky project with massive cost escalations is being conducted largely out of the public eye.”

In November 2017, the total cost of the project was estimated at $3.6 billion. By November 2019, that number had increased to $4.2 billion. By July, the estimated cost had gone up to $6.1 billion.

That would cost Lehi $466 million at the city’s current subscription levels, Eves said. UAMPS would be responsible for paying $4.8 billion, while the DOE would pay $1.3 billion and NuScale Power would pay $5 million.  …………  https://www.heraldextra.com/news/local/govt-and-politics/lehi-city-council-votes-to-back-out-of-nuclear-power-project-contract/article_0af6e67c-24e5-5427-9029-e52b9f9d63ae.html

August 27, 2020 Posted by Christina Macpherson | business and costs, politics, Small Modular Nuclear Reactors, USA | Leave a comment

City in Northern Utah pulls out of NuScam small nuclear reactors project

Northern Utah city opts out of planned nuclear power project over money concerns     Deseret News, Amy Joi O’Donoghue @Amyjoi  16  Aug 24, 2020, 

SALT LAKE CITY — Cost concerns over Logan’s participation in a next-generation nuclear power plant planned at Idaho National Laboratory led the city to withdraw from the project, and Lehi is considering a similar move in its council meeting Tuesday.

“My concerns were many and varied,” Logan Finance Director Richard Anderson said of last week’s decision

…….  changes in funding by the U.S. Department of Energy for the Carbon Free Power Project caused Anderson concern, as it did for Mark Montgomery, the city’s light and power director, and prompted both of them to recommend Logan withdraw its participation.

“We don’t have the experience to be swimming in these waters. I didn’t feel good about it,” Anderson said.  

The city, as a member of the Utah Associated Municipal Power Systems, invested $400,000 and
was due to commit another $654,000 by Sept. 14 or vote to bow out altogether.
……..  The project is backed heavily by the U.S. Department of Energy, which gave NuScale a competitive award of $226 million in 2013 to develop the technology. Two years later, the federal agency gave NuScale $16.7 million for licensing preparation.

Ultimately, the energy department committed to spend $1.4 billion on the project with an eye toward reducing carbon emissions, combating climate change and to position the country as a world leader in nuclear technology.

But critics say the proposed 720-megawatt plant is too risky and ratepayers — hence taxpayers — should not be footing the cost for technology they say is yet to be proven.

LaVarr Webb, spokesman for the municipal power association, said the investment schedule was specifically designed with these exit opportunities if cities or special districts become nervous.

The project, he added, will not proceed if costs prove too high.

The project has also come under criticism for what some say is a lack of transparency.

Earlier this month, the Utah Taxpayers Association urged cities to withdraw ahead of the deadline and complained about meetings in which groups were turned away unless they were project participants.

Rusty Cannon, vice president of Utah Taxpayers Association, said because the municipal power association is exempt from Utah’s open meeting laws, it can close its doors to others.

“We asked to observe a recent meeting and were denied access. That is the same response many others have also received,” Cannon said.

While association leaders have spent hours on video calls with the association and others, Cannon said that format does not provide the same answers.

Webb said meetings in which non-project participants were turned away, with perhaps the exception of one, are in line with why other governmental entities can close meetings under Utah law, such as contractual issues, litigation or personnel issues.

On Tuesday in Lehi, the City Council will consider a resolution outlining the city’s withdrawal from the project…….   https://www.deseret.com/utah/2020/8/24/21399537/northern-utah-city-opts-out-of-planned-nuclear-power-project-over-money-concerns

August 25, 2020 Posted by Christina Macpherson | business and costs, Small Modular Nuclear Reactors, USA | Leave a comment

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


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From NRC & DOE Deregulation to Techno-Fascist Billionaires Going Nuclear, Plus a Few Songs from Atomic Cabaret REGISTER

26 June –  Radiation Trainwreck at the NRC / Join the Protect Better Campaign – https://us02web.zoom.us/meeting/register/4ZlZ5_qLSHGiLSCg8FF6Bg#/registration

1st July – Webinar Waste of Space: The Environmental Harm of Military and Civil Space Activity  st July, 7 pm

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” 

​To see nuclear-related stories in greater depth and intensity – go to https://nuclearinformation.wordpress.com

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