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Resequencing of Vogtle nuclear plant expansion activities is credit negative: Moody’s

Resequencing of Vogtle nuclear plant expansion activities is credit negative: Moody’s, Author, Joniel Cha , Editor, Richard Rubin , 26 June,   Washington — Georgia Power’s resequencing of construction activities for the Vogtle nuclear plant expansion project is credit negative, Moody’s said June 24.

“The unexpected, late-stage changes to these planned activities is credit negative for Georgia Power because it signals that challenges with the project continue, increasing the likelihood of additional cost overruns and further schedule delays,” Moody’s said in a statement. ….. https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/062420-resequencing-of-vogtle-nuclear-plant-expansion-activities-is-credit-negative-moodys

June 27, 2020 Posted by Christina Macpherson | business and costs, USA | Leave a comment

UK’s expensive problem of nuclear power’s inflexibility

Because of the inflexibility of the AGRs, RE suppliers are shut off first. This is explained in a recent report by the newly-formed pressure group, 100 percentrenewable uk, which explains that the inflexible nature of nuclear power is instrumental in forcing the National Grid to turn off large amounts of wind power (ie in the jargon to be ‘constrained’) in Scotland when there is too much electricity on the network. 

This appears nonsensical as the Grid is turning off cheap renewables to preserve expensive nuclear, and then paying large compensation payments to them to do so.

UK Electricity: Renewables and the problem with inflexible nuclear,  Ian Fairlea, June 21, 2020

In recent years, the share of the UK’s electricity supplied by renewable energy (RE) sources has increased substantially to the point that RE is now the second largest source after gas: It now supplies 20% to 25% of our electrical needs. This is greater than the amount supplied by nuclear – about 15% to 18%. Coal, hydroelectric, and mainly gas (~40%) constitute the other sources. See chart [on original] for Britain’s electrical power supplies in 2019.

Why are AGR reactors inflexible?  Continue reading →

June 25, 2020 Posted by Christina Macpherson | business and costs, ENERGY, politics, UK | Leave a comment

USA financing nuclear projects abroad – but what if Small Nuclear Reactors are a flop?

Daily on Energy, presented by API: Inside the new US policy on financing nuclear abroad, Washington Examiner, by Josh Siegel, Energy and Environment Reporter & Abby Smith, Energy and Environment Reporter | June 22, 2020 

INSIDE NEW POLICY ON FINANCING NUCLEAR ABROAD: The U.S. International Development Finance Corporation mostly had small nuclear reactors in mind when it proposed this month lifting its ban on funding nuclear projects overseas. But a senior official from the DFC – a greatly expanded successor to the Overseas Private Investment Corporation – says the agency also envisions select situations for funding traditional large reactors, despite recent projects being delayed or canceled by cost overruns……..

The official cited a move by Congress a year after lawmakers passed the BUILD Act in 2018, which authorized the DFC, that called on the U.S. government to support energy diversification projects in Europe as a counter to Russia’s “energy dominance.”

It’s worth noting that some European Union member states, like Germany, are strongly anti-nuclear. Nuclear plant construction is currently underway in only three EU member states — Finland, France and Slovakia — according to the World Nuclear Association).
Opening the door for SMRs: Small modular nuclear reactors, meanwhile, are still under development and a decade or so from becoming widely operational. This has critics of the DFC’s move questioning the timing of it. The DFC official countered the new policy puts the U.S. in the game with China and Russia, which are already aggressively promoting their advanced nuclear technologies in developing countries……..
the policy shift commits DFC to nothing if small reactors end up being a flop. The DFC met with small reactor developers such as NuScale, an Oregon-based company seeking to be the first to have its license approved by the Nuclear Regulatory Commission, that were pushing for the agency to change its policy……

The DFC offers direct equity financing, loans, and political risk insurance, while Ex-Im can only offer credit or lending. The DFC has a total investment limit of $60 billion, amounting to about a $1 billion maximum per project, the official said.

He acknowledged the DFC does not have in-house expertise on nuclear power at the moment, but he said it’s not uncommon for the young agency to work with independent engineers and experts from other agencies to assess financing opportunities.

“I am not aware we have anyone on staff who has built a nuclear power plant,” the official said. “What we do have is very strong policies and procedures and frameworks to look at big complicated projects.”  https://www.washingtonexaminer.com/policy/energy/daily-on-energy-presented-by-api-inside-the-new-us-policy-on-financing-nuclear-abroad

June 23, 2020 Posted by Christina Macpherson | business and costs, politics international, Small Modular Nuclear Reactors, USA | Leave a comment

How much did USA’s failed plutonium project cost? Now a giveaway sale of MOX equipment

Failed Federal Plutonium Project Ends in Fire Sale on Parts https://www.bloomberg.com/amp/news/articles/2020-06-18/costly-u-s-nuclear-project-ends-with-online-fire-sale-for-parts?fbclid=IwAR1IMM-ZpF0NECPbroKYMtUNWlKhSgpcUnzhsT9F9CvyG5u8N00obxapov0  

By

Ari Natter June 19, 2020, 
  • U.S. conversion factory’s equipment is on the auction block
  • After $8 billion spent, critics see sale at ‘giveaway prices’

Need some parts for a nuclear plant? The government has a few to spare.

Electrical transformers, motors, and pieces of special glove boxes designed to safely handle radioactive material are available as the government auctions off equipment from a now-abandoned nuclear project that was supposed to turn weapons-grade plutonium into fuel for commercial nuclear reactors.

The online fire sale, which ended Thursday evening, is part of an effort to recoup some of the nearly $8 billion taxpayers spent on the so-called Mixed Oxide (MOX) Fuel Fabrication Facility in Aiken, South Carolina, which sits partially finished.

The Trump administration pulled the plug on the project in 2018 following years of ballooning cost estimates and delays. Envisioned in 1999 with a price-tag of $620 million, it swelled to nearly $48 billion with an estimated completion date in the 2040s. Metric tons of plutonium transferred to the site for conversion remain there.

The thousands of items up for grabs are in their original packaging and “present a rare opportunity to acquire brand new equipment that is top nuclear grade,” said Diana Peterson, president of the auction company AW Properties Global, which has been awarded the subcontract to sell off the goods.

Plutonium Handling

Among the items are 101 pallets of glove box assembly kits — sealed boxes with two arm-length gloves attached to holes in the side, used to handle plutonium and other radioactive materials. The high bid was $20,000 as of Thursday afternoon.

A pair of 3,750 kilo-volt-ampere transformers is going for $70,000. Also available are 300,000 pounds of ventilation equipment, as well as reams of switches, control panels, valves, and electrical equipment.

To critics, the sale is a fitting capstone to a project they say has been beset by waste from the start.

“This give-away sale of equipment from the MOX debacle highlights the massive waste of money spent on equipment that was stockpiled willy-nilly just to spend annual budgets and enrich contractors,” said Tom Clements, director of Savannah River Site Watch, a non-profit public-interest group that monitors work at the sprawling site that made nuclear bomb materials in the 1950s.

There should be a “full accounting to the public about how much was spent on stockpiled MOX equipment, how much has been given away or scrapped, and how much is being sold at pennies on the dollar,” Clements said.

The National Nuclear Security Administration, the Energy Department arm responsible for the site, said the auction was being held in accordance with all government property regulations.

“Any inventory that could not be reused by our government, is going to auction as part of our commitment to recapitalize project value,” the agency said in a statement.

(Adds comment from NNSA in final two paragraphs.)

June 22, 2020 Posted by Christina Macpherson | - plutonium, business and costs, reprocessing, USA | Leave a comment

Nuclear power sales heavily affected byCOVID-19 in France: legal battles to follow

The Impact of COVID-19 on Nuclear Electricity Sales Contracts in France, JDSUPRA, 

Nora Djeraba, Ruxandra Lazar, King & Spalding  19 June 20,  The electricity sector, like numerous others in France, has been heavily affected by the economic shutdown due to the COVID-19 pandemic.

The first two weeks of confinement led to a reduction in electricity consumption in France of around 15 to 20% compared to the consumption usually observed at the same year period under equivalent weather conditions[1]. Such a variation in electricity consumption over such a short period of time is unprecedented, the most recent significant drop in demand having been observed during the economic crisis of 2008-2009, when, in contrast, the contraction in demand spread over the long term, reaching a maximum of -5% from one year to the next.

Concomitantly, electricity prices on the wholesale markets dropped from EUR50-55/Mwh at the beginning of 2020 to around EUR20/Mwh at the end of March.

This distressed economic situation highly impacted the so-called “alternative” electricity suppliers in France, i.e., suppliers other than the incumbent operator, EDF, which entered the retail electricity market in France as a result of its opening up to competition. Several of these suppliers declared force majeure under the contracts entered into with EDF for buying nuclear electricity at a price which became too high compared to the wholesale market price. Several decisions have already been rendered on this issue by the French energy market regulator – Commission de regulation de l’énergie or “CRE”, the Conseil d’Etat (the highest administrative court on administrative matters) and the Commercial Court of Paris, but the legal battle is only just beginning and, given the amounts at stake, we can expect it will be long and bitter……… https://www.jdsupra.com/legalnews/the-impact-of-covid-19-on-nuclear-52378/

June 20, 2020 Posted by Christina Macpherson | business and costs, France | Leave a comment

French, American, Russian nuclear companies join forces to build Bulgarian nuclear station

Well, Framatome is really the old AREVA, coming back from bankruptcy.  They’re all in it together, nuclear companies worldwide, conning the taxpayers


Framatome, GE and Rosatom team up for Belene project,
WNN.18 June 2020, Russian state nuclear corporation Rosatom announced today it has signed Memoranda of Understanding (MoUs) with France’s Framatome and GE Steam Power of the USA to participate in a tender to construct the Belene nuclear power plant in Bulgaria.

The MoUs were signed by Kirill Komarov, Rosatom’s first deputy director general of corporate development and international business, Frédéric Lelièvre, Framatome’s senior executive vice president in charge of sales, regional platforms and I&C, and Michael Keroulle, president of GE Steam Power.

As part of the agreements, Rosatom said that if it were to become a strategic investor in the project through a competitive process, GE would be considered as the partner for an Arabelle based turbine-generator set and turbine hall equipment, while Framatome would be considered as the key partner for the instrumentation and control (I&C) systems for the Belene plant.

The Belene project in northern Bulgaria includes construction of two 1000 MWe units, each using the Russian VVER-1000/V-466 design which is a pressurised water reactor with four circulating loops. Preliminary site works began in 2008, and contracts for components including large forgings and I&C systems were signed with suppliers, but the project was stymied by financing problems……….

Rosatom noted that it has already successfully collaborated with Framatome and GE on international projects, including the Paks-II nuclear power plant in Hungary and the Hanhikivi-1 plant in Finland. It said the cooperation with GE is carried out within the framework of the Akkuyu project in Turkey and the El-Dabaa project in Egypt. AAEM, a joint venture between GE and Rosatom subsidiary Atomenergomash, is a supplier of equipment for the turbine island of each plant. https://world-nuclear-news.org/Articles/Framatome-GE-and-Rosatom-team-up-for-Belene-projec

June 20, 2020 Posted by Christina Macpherson | Bulgaria, business and costs | Leave a comment

USA taxpayers’ money can now go to private companies overseas building nuclear reactors!

Kinzinger Applauds Rule Change On International Private Nuclear Programs  http://www.wcsjnews.com/news/local/kinzinger-applauds-rule-change-on-international-private-nuclear-programs/article_b54bef56-af18-11ea-8e41-17fada1bb113.html Jun 15, 2020 

    • Congressman Adam Kinzinger is applauding a decision by the U.S. International Development Finance Corporation that would allow America to support civilian nuclear power projects around the world.  Kinzinger wrote a letter to the DFC in March expressing his concerns with internal guidelines that prevented the federal organization from cooperating with international civil nuclear projects. Now that the US can invest in foreign private nuclear programs, Kinzinger said this will strengthen our allies in Eastern Europe and deal a blow to the predatory business practices of Russia and China.

June 16, 2020 Posted by Christina Macpherson | business and costs, politics, USA | Leave a comment

Bernie Sanders, and moving the money away from militarism

For many years now, the Congressional Delegate from Colonized Washington D.C., Eleanor Holmes Norton, has introduced a resolution to move funding from nuclear weapons to useful projects. At some point, bills like that one need to rise to the top of our agenda. But Sanders’ amendment is a current priority, because it can be attached this month to a bill that the supposedly partisan and divided and gridlocked U.S. Congress has consistently and harmoniously passed with overwhelming majorities every year since time immemorial. 

We need this step now and it is obtainable. Get out there and demand

JUNE 14, 2020 BY DAVIDSWANSON
Bernie, Amendments, and Moving the Money, Senator Bernie Sanders has finally done something that some of us thought would give his presidential campaign a big boost four years ago, and again this past year. He’s proposed to introduce legislation to move a significant amount of money from militarism to human and environmental needs (or at least human needs; the details aren’t clear, but moving money out of militarism is an environmental need).Better late than never! Let’s make it happen with an overwhelming show of public support! And let’s make it a first step!

Technically, back in February, Bernie buried in a fact-sheet about how he would pay for everything he wanted to do, an $81 billion annual cut to military spending. While his current proposal is even smaller at $74 billion, it is a straightforward proposal to move the money; it’s not buried in a long document seeking to pay for transformative change almost entirely by taxing the wealthy; it’s already been covered at least by progressive media; it connects with a current burst of extraordinary activism, and Sanders has tweeted this:

“Instead of spending $740 billion on the Dept. of Defense, let’s rebuild communities at home devastated by poverty and incarceration. I’ll be filing an amendment to cut the DoD by 10% and reinvest that money in cities and towns that we’ve neglected and abandoned for far too long.”

And this:

“Instead of spending more money on weapons of mass destruction designed to kill as many people as possible, maybe—just maybe—we should invest in improving lives right here in the United States of America. That’s what my amendment is all about.”

One reason for this move by Sanders is almost certainly the current activism demanding that resources be moved from armed policing to useful expenses. The grotesque diversion of local budgets into militarized police and prisons is of course far outstripped in absolute numbers, in proportions, and in the suffering and death created, by Congress’s diversion of the federal discretionary budget into war and preparations for more war — which is of course where the weaponry and warrior training and a lot of the destructive attitudes and the troubled misguided veterans in local policing come from.

Trump’s 2021 budget request varies little from past years. It includes 55% of discretionary spending for militarism. That leaves 45% of the money Congress votes on for everything else: environmental protections, energy, education, transportation, diplomacy, housing, agriculture, science, disease pandemics, parks, foreign (non-weapons) aid, etc., etc.

The priorities of the U.S. government have been wildly out of touch with both morality and public opinion for decades, and have been moving in the wrong direction even as awareness of the crises facing us has inched upward. It would cost less than 3% of U.S. military spending, according to UN figures, to end starvation on earth, and about 1% to provide the world with clean drinking water. Less than 7% of military spending would wipe out poverty in the United States. Continue reading →

June 15, 2020 Posted by Christina Macpherson | business and costs, USA, weapons and war | Leave a comment

Why doesn’t debt-ridden EDF cut its losses and close its uneconomic UK nuclear reactors

Unanswered questions dog UK’s new nuclear plans  Climate News Network June 11th, 2020, by Paul Brown  A French company has designs on the United Kingdom: new nuclear plans for more reactors, with British consumers footing the bill.

 – The French company EDF, a company in a hurry, wants permission to start building two more reactors in the United Kingdom, and it hopes to save money – by arranging for British taxpayers to pay the capital costs of its new nuclear plans.

EDF is already building two reactors at Hinkley Point in the West of England, and it is hoping to transfer workers from that site to Suffolk, on the east coast, believing that will help it to save up to 20% of the construction cost of the two planned reactors, because everyone employed there will know already what to do.

The catch is that EDF has no money itself to finance the construction and wants the UK government to impose a new tax on British electricity consumers so that they will pay the cost through their electricity bills.

The UK has yet to decide whether to go ahead with this tax, euphemistically called a Regulated Asset Base. If adopted, what the scheme means is that the UK consumer will pay EDF’s bills rather than the company having to borrow the money from banks, which are increasingly unlikely to lend money to such expensive schemes because they take so long to build and promise little return.

Anxieties abound

Meanwhile EDF, which has a Chinese nuclear company as its junior partner, promises to create 25,000 jobs, including 1,000 apprenticeships during construction, and says 900 full-time jobs will be available when Sizewell C, as the station will be called, is complete.

If all goes to plan the company hopes to start work in 18 months and says the two reactors will take 10 years to build. It expects them to provide 7% of the UK’s electricity, enough for six million homes.

There are many objectors. Some say much of the coastline will be badly affected, including internationally important nature reserves. Others fear the site is highly vulnerable to sea level rise and therefore a danger to the public.

Local people also fear that the construction site, with its attendant lorry and commuter traffic, will disrupt their lives for a decade, destroying the important tourist trade.

Cheaper options

Other more strategic objections, which might weigh heavier with the government, are that nuclear power is very expensive and much cheaper and less controversial alternatives exist, particularly on-shore and off-shore wind and solar power, and biogas.

More importantly, a drive for energy efficiency, badly neglected in the UK at present, would render the whole project unnecessary.

The problem EDF has is its track record on construction and repairs. The type of reactor it plans to build, the European Pressurised Water Reactor, said by the company to be the most powerful in the world, is proving extremely difficult to build, and till now none has yet been completed outside China.

Construction is running more than 10 years late in both Finland and France, and costs continue to escalate.

It is hard to understand why, when the scale of the problems became clear, EDF did not cut its losses and close the reactors”

EDF’s debts are now huge, so big that the French state is working out how to restructure the company by splitting it into a renewables arm (which is profitable) and a nuclear branch.

There are serious doubts about the reliability of EDF’s claims and timetables for fixing existing power stations and opening new ones. The company currently owns all of the UK’s operating nuclear reactors, most of which are near the end of their lives, and there are serious doubts about whether they are economic and in some cases even safe.

Two reactors at Hunterston in Scotland have serious cracking in the graphite blocks that are part of the control mechanism. The company has spent two years trying to justify continuing to operate the reactors to the Office for Nuclear Regulation (ONR).

Similarly, at the other end of the UK, at Dungeness in south-east England, the station is also closed for extensive repairs, an outage that was going to take weeks has now stretched to two years – and the start-up date has just been put back again.

Looking on the bright side

One of the features of all of EDF’s activities is the extraordinary optimism the company seems to have, particularly about when reactors will be finished or ready to restart after repairs. With the Hunterston reactors restart dates have been announced nine times, only to be postponed each time.

This track record led the Climate News Network to ask EDF some searching questions, including why they continued to offer optimistic start-up dates that were repeatedly postponed. We also asked why the company kept the Hunterston and Dungeness stations open at all, since repairing them was costly and they were already near the end of their operating lives.

We asked EDF: “At what point do you cut your losses and close the stations permanently?” After five days of pleading for more time to answer, it sent us already published press releases extolling the virtues of the plan to build Sizewell, and several comments. …….HTTPS://CLIMATENEWSNETWORK.NET/UNANSWERED-QUESTIONS-DOG-UKS-NEW-NUCLEAR-PLAN/, l

June 13, 2020 Posted by Christina Macpherson | business and costs, France, UK | Leave a comment

Plan for USA’s taxpayers to fund nuclear power exports

US Agency Proposes Financing of Nuclear Power Exports, VOA, By Reuters June 11, 2020  WASHINGTON – A U.S. development agency proposed lifting restrictions that bar the financing of advanced nuclear energy projects abroad, a move the Trump administration hopes will help the industry compete with state-owned companies in China and Russia.

The U.S. International Development Finance Corp., or DFC, late Wednesday opened a 30-day comment period on the proposal. The idea was included in the Trump administration’s Nuclear Fuel Working Group report, released in April, on ways to modernize nuclear energy policy…….

The DFC, which replaced the Overseas Private Investment Corp., launched in January with a $60 billion budget. It is seen by analysts as an attempt by Washington to provide an alternative to Beijing’s sweeping Belt and Road Initiative, which sponsors large-scale infrastructure, like nuclear projects, in developing countries.

Russia’s state-owned nuclear energy company, Rosatom, is also looking to sell nuclear technology.

Ed Lyman, a nuclear power expert at the Union of Concerned Scientists, said it is “utterly irresponsible for the Trump administration to promote the export of unproven and potentially dangerous nuclear technologies to the developing world.” He said Washington should first work with countries to create independent nuclear regulators. ……..

Advanced nuclear power is expected to be less expensive than traditional nuclear stations costing tens of billions of dollars. But nonproliferation experts caution that the plants and their supply chains could become targets of attack. https://www.voanews.com/usa/us-agency-proposes-financing-nuclear-power-exports

June 13, 2020 Posted by Christina Macpherson | business and costs, politics, USA | Leave a comment

U.S. nuclear industry looks for salvation to hydrogen production – clutching at straws?

Hydrogen May Be a Lifeline for Nuclear—But It Won’t Be Easy, Power, Jun 11, 2020, by Sonal Patel  Four U.S. nuclear generators—Energy Harbor, Xcel Energy, Exelon, and Arizona Public Service (APS)—are making headway on projects to demonstrate hydrogen production at nuclear plants, but scaling those efforts up to net new end-users and sources of revenue is still ridden with hurdles, company officials said in a panel discussion at the American Nuclear Society’s (ANS’s) virtual 2020 annual meeting on June 9………

The economics are especially important for Exelon, the nation’s largest nuclear generator, and exploring hydrogen production is a natural evolution to keep its plants financially afloat amid stagnating load growth and challenging economics in competitive energy markets, Greenlee said.
Energy Harbor faces similar predicaments. In 2018, the independent power producer—which was known as FirstEnergy Solutions until Feb. 27, when it completed Chapter 11 restructuring—had planned to shutter Davis-Besse in 2020; along with the twin-unit 1,872-MW Beaver Valley Power Station in Shippingport, Pennsylvania, in 2021; and the Perry Nuclear Power Plant in Perry, Ohio, in 2021. Last year, Energy Harbor pushed for and won nuclear subsidies in Ohio to keep the Davis-Besse and the Perry nuclear plants open through 2027, and this March, it said Beaver Valley would remain open.
Like Energy Harbor, Exelon helped enact the Future Energy Jobs Act in December 2016 (it went into effect in June 2017), to keep Exelon’s Clinton and Quad Cities plants running. Exelon also strongly backed New York’s Clean Energy Standard, a measure that became effective in April 2017, to preserve the at-risk Nine Mile Point, FitzPatrick, and Ginna reactors in upstate New York. And in 2018, New Jersey also enacted zero-emission credits (ZECs) to bolster profitability of the Hope Creek plant, which is owned by PSEG, and Salem, whose output Exelon owns jointly with PSEG.
As Greenlee noted, Exelon has since 2018 been seeking ways to “repurpose” its nuclear plants to make them more viable. The company’s efforts included convening academic experts, former employees, and former federal regulators in a brainstorm session. “And over the last several years, what we have boiled that table down to is, basically, hydrogen,” he said. “Hydrogen is what we want to look at going forward. We think it fits in with potentially a future hydrogen economy.”  …….https://www.powermag.com/hydrogen-may-be-a-lifeline-for-nuclear-but-it-wont-be-easy/

June 13, 2020 Posted by Christina Macpherson | business and costs, technology, USA | Leave a comment

USA’s reckless nuclear spending as coronovirus hits the nation

Debating US nuclear spending in the age of the coronavirus, Bulletin of the Atomic Scientists  By Kingston Reif, June 10, 2020  As the novel coronavirus pandemic continues to exact a terrible human and economic toll on the United States, Americans are adjusting how they view national security. There also appears to be agreement, even within the senior leadership of the Defense Department, that the military budget, which has seen significant growth during the Trump administration, is likely to be pared back in the coming years as federal deficits soar.

So it should be no surprise that the havoc wrought by the virus has also fanned the flames of an ongoing debate about the Trump administration’s aggressive and costly plans to sustain and upgrade the US nuclear arsenal…….

The unsustainable nuclear budget. At the Arms Control Association, where I am the director for disarmament and threat reduction policy, we have long argued that the administration’s approach is unnecessary, unsustainable, and unsafe. The financial and opportunity costs have steadily grown and the biggest nuclear weapons modernization bills are just beginning to arrive. Government officials in charge of the nuclear weapons enterprise warn about the “pervasive and overwhelming risk” facing the current nuclear modernization program……….

The danger posed by the plans is on full display in the administration’s fiscal year 2021 budget request.

The Defense and Energy Departments are requesting $44.5 billion for next year to sustain and modernize US nuclear delivery systems and warheads and their supporting infrastructure, a larger-than-anticipated increase of about $7.3 billion, or 19 percent, from the fiscal year 2020 level. Meanwhile, the administration is recommending a lower overall national defense budget than Congress provided last year.

The combination of a decreased topline budget but an increased nuclear budget means that other defense programs would have to be cut. Some programs on the chopping block include the Navy’s planned second Virginia class submarine, the Energy Department’s efforts to clean up nuclear waste leftover from US nuclear weapons production during the Cold War, and the Pentagon’s Cooperative Threat Reduction program, which supports global efforts to detect and secure dangerous pathogens such as the coronavirus.

And this was all before the coronavirus began its deadly march across the country and before Congress spent several trillion dollars trying to save the US economy from complete collapse.

Although Pentagon officials insist that nuclear weapons should be shielded from possible future defense budget cuts, the pressure on the federal budget imposed by the response to the virus is likely to exacerbate the affordability and execution challenges confronting the administration’s nuclear spending plans. If great power competition with China is the Pentagon’s top priority, is it prudent to sacrifice a Virginia class submarine every year for the next 10 to 15 years to attempt to keep an excessive and overburdened nuclear modernization effort on track? The answer should be no, especially in light of the quantitative and qualitative superiority of the US nuclear arsenal over China’s.

In the view of many, the Trump administration’s proposal to expand spending on nuclear weapons is a sad and dangerous illustration of wildly misplaced federal spending priorities. As it proposed a 19 percent increase for nuclear weapons next year, the White House initially planned to slash the budgets for the Centers for Disease Control by 19 percent and the National Institutes of Health by 7 percent. The Pentagon’s proposal to cut the budget for the Cooperative Threat Reduction program in order to fund weapons modernization amid a global pandemic is shockingly reckless……

Inexplicably, the unprecedented economic crisis facing the nation hasn’t stopped some Trump administration officials from raising the prospect of even greater spending on nuclear weapons above and beyond what is already planned. Marshall Billingslea, President Trump’s special envoy for arms control, said recently that if Russia and China don’t agree to US demands for talks on new trilateral arms control to replace the 2010 New Strategic Arms Reduction Treaty (New START), Washington could win a new arms race if necessary. “We know how to win these races, and we know how to spend the adversary into oblivion,” he said.

More US spending on nuclear weapons won’t force the current Russian and Chinese leadership to capitulate and would be fraught with peril. The administration’s desire to pursue a more ambitious arms control agreement is the right goal, but it can’t be achieved before New START is slated to expire next February. A new quantitative arms race that could follow the collapse of New START would further undermine stability between the United States and Russia, the health of the global nonproliferation regime, and the US military’s emphasis on competition with China.

Our new post-pandemic reality should make it all the more obvious that the current modernization plans need to be reconsidered in a way that eliminates the most excessive and destabilizing elements, saves taxpayer dollars for other pressing national and health security needs, and is in sync with a revitalized and realistic strategy to cap and reduce global nuclear stockpiles……..

Lisa Gordon Hagerty, head of the National Nuclear Security Administration, was asked to explain the rationale for such a large unplanned increase at a Congressional hearing in March, but her attempt at an answer hardly cleared up the situation. Perhaps there is a clearer explanation for why the agency so badly misjudged its funding needs for 2021, but if so the agency has yet to provide it….

(lengthy rebuttal of Frank Miller’s claims about  nuclear weapons spending) ……. https://thebulletin.org/2020/06/debating-us-nuclear-spending-in-the-age-of-the-coronavirus/#

June 11, 2020 Posted by Christina Macpherson | business and costs, politics, USA, weapons and war | Leave a comment

USA’s  International Development Finance Corp will remove its ban on financing exports of US nuclear technologies.

US agency plans to lift nuclear power plant financing ban: spokeswoman  S and P Global Platt’s, Author, Joniel Cha 10 June 20 Washington — International Development Finance Corp., a US federal agency, will end its ban on financing nuclear power plant projects, a spokeswoman said June 10, a move that follows the Trump administration’s support for US reactor exports.

“This week, DFC plans to announce a 30-day public comment period on a proposed policy change to remove DFC’s legacy prohibition on support of nuclear power projects in developing countries,” the spokeswoman, Laura Allen, told S&P Global Platts.  …

Allen declined to provide a timeline for when she expects DFC could begin financing exports of US nuclear technologies.

Industry sources said in May that DFC lacks the personnel and expertise to properly evaluate the financing of nuclear projects.

DFC was created in 2019 through the consolidation of Overseas Private Investment Corp. and the US Agency for International Development’s Development Credit Authority. DFC has a total investment limit of $60 billion, more than double OPIC’s $29 billion investment cap, according to DFC’s website.

OPIC and USAID both had bans in place prohibiting them from supporting nuclear reactor projects.

To “empower U.S. export competitiveness,” the federal government should “level the playing field versus foreign competitors, expand the arena of competition space, and challenge our rivals,” the Nuclear Fuel Working Group said in an April report.

A White House working group report released April 23 by the Department of Energy recommended the removal of a financing ban on US nuclear energy technologies. The Nuclear Fuel Working Group was formed in July by President Donald Trump to provide recommendations to revive and expand the US nuclear energy sector.

The working group said the US has not sold reactors overseas recently and “is missing out on a nuclear reactor market” the Commerce Department estimates is valued at $500 billion-$740 billion over the next 10 years.

Six US senators wrote the DFC in October, saying the agency should overturn the “categorical prohibition” against supporting civil nuclear energy projects.

ClearPath, a “conservative, clean energy” group, supports lifting the US ban on financing nuclear projects, Rich Powell, executive director, said June 10.

“By lifting the previous restrictions on the U.S. nuclear energy industry to develop internationally, America is taking a huge step to truly offer a competitive product – similar to the incentives China and Russia provide when they approach other countries with offers to develop infrastructure and energy,” Powell said in a statement. https://www.spglobal.com/platts/en/market-insights/podcasts/focus/060520-hydrogen-aviation-future-energy-transportation-decarbonisation

June 11, 2020 Posted by Christina Macpherson | business and costs, marketing, marketing of nuclear, USA | Leave a comment

USA offers to build Britain’s nuclear reactors

US offers to build UK’s 5G and nuclear stations to end ‘coercive’ relationship with China
Mike Pompeo said the United States ‘stands ready to assist our friends in the U.K’ T
elegraph UK , By  Danielle Sheridan, POLITICAL CORRESPONDENT10 June 2020 • America has offered to build Britain’s 5G and nuclear power stations so that the  “coercive and bullying” relationship with China can end, Mike Pompeo has said.

In a statement released yesterday the US Secretary of State said America stood with its “allies and partners against the Chinese Communist Party’s (CCP) coercive bullying tactics”, as he sighted reports that Beijing had threatened to punish HSBC and “break commitments to build nuclear power plants in the United Kingdom unless London allows Huawei to build its 5G network”.

HSBC is understood to have claimed that it could face reprisals in China if Huawei was blocked from selling equipment to the next generation of networks being built by Britain’s mobile operators….  (subscribers only) https://www.telegraph.co.uk/politics/2020/06/10/us-offers-build-uks-5g-nuclear-stations-end-coercive-relationship/

June 11, 2020 Posted by Christina Macpherson | marketing, politics international, UK, USA | Leave a comment

USA’s failing nuclear industry will not be saved by new plan to stockpile uranium

Will More Uranium Really Solve America’s Nuclear Crisis?  Oil Price, By Haley Zaremba – Jun 10, 2020, “……..  Even though the United States is responsible for a whopping third of all nuclear energy production worldwide, the country is quickly losing ground as nuclear plants struggle to turn a profit. Hit hard by the influx of cheap oil and natural gas from the domestic shale revolution, the nuclear energy industry in the U.S. is now being pummeled once again by COVID-19, and this time, many experts are wondering whether the industry can weather the storm.
Now, the U.S. Department of Energy (DOE) is mobilizing to combat the failure of the domestic nuclear energy sector. “Energy Secretary Dan Brouillette, the top brass of DOE and what loosely might be described as the nuclear energy establishment took to a webinar May 29 to explain and endorse the plan,” Forbes reported this week. “The industry was represented by Maria Korsnick, CEO of the Nuclear Energy Institute, the dominant nuclear power trade association, and by Clarence ‘Bud’ Albright, CEO of the smaller U.S. Nuclear Industry Council.” 
 The ambitious plan to revitalize U.S. nuclear energy centers around “the creation of a $1.5-billion uranium stockpile along with associated nuclear processing facilities,” said Forbes. “Collectively, these are known as the front end of the nuclear fuel cycle.”  ……but will this really save the nuclear industry?
Not really, since uranium has never been the issue. ……..“But the DOE has undermined its own nuclear navy argument by stating that the nuclear navy is well-supplied with fuel until 2050, and more uranium in storage would do nothing for the nuclear industry which is in decline. It is the equivalent of getting a haircut to cure a stomachache.”
According to Forbes’ reporting, this new plan lacks teeth because it does nothing to address what it identifies as the “two real problems of the [nuclear energy] industry,” which are the absence of a domestic market for new nuclear reactors and the difficulty in maintaining operations at the country’s existing plants. In fact, the U.S. has built next to zero new reactors in the last three decades, and those reactors that are managing to stay above water are largely doing so thanks to hefty government subsidies.
And then there is the crushing cost of maintaining nuclear waste, which is falling on the shoulders of U.S. taxpayers.…….https://oilprice.com/Alternative-Energy/Nuclear-Power/Will-More-Uranium-Really-Solve-Americas-Nuclear-Crisis.html

June 11, 2020 Posted by Christina Macpherson | business and costs, politics, USA | Leave a comment

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1 This Month

26 April – Chernobyl: Inside the Meltdown airs on National Geographic on Sunday 26th April from 4pm

29 April –  Nuclear Expert Webinar #1 – Radiation Impacts on Families with Mary Olson and Cindy Folkers

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  • Location: Virtual – REGISTER TODAY

4 May -West Suburban Peace Coalition to discuss Iran war at May Educational Forum

Monday, May 4, 7:00 – 8:00 PM Central Standard Time

Title: : How Trump’s Narrative Tries to Shape the Reality of the War on Iran.

Contact Walt Zlotow, zlotow@hotmail.com   630 442 3045 for further information 

14 May – online event From Bombs to Data Centres: the Face of Nuclear Colonialism

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Pine Ridge Uranium is the real threat, not Tehran- Tell Burgum: Stop the Extraction.

Chernobyl: The Lost Tapes – A good documentary on Chernobyl on SBS available On Demand for the next 3 weeks– https://www.sbs.com.au/ondemand/tv-program/chernobyl-the-lost-tapes/2352741955560

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

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