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USA grassroots anti-nuclear movement against massive spending by nuclear lobby

it is now clearer than ever that atomic energy cannot compete, that new construction means new rate hikes, that delays and cost overruns will always outstrip the industry’s initial public assurances,

Is the “Nuclear Renaissance” Dead Yet?, HUFFINGTON POST, Harvey Wasserman: 13 Sept 2010, “…..According to official records, the nuclear industry has spent at least $645 million in the past decade lobbying for taxpayer handouts. It got $18.5 billion in loan guarantees from the Bush Administration in 2005. Obama has asked for some $36 billion more. But so far a national grassroots movement has kept that from happening. Continue reading →

September 14, 2010 Posted by | business and costs, USA | , , , , , | Leave a comment

The ‘nuclear renaissance’ just isn’t happening

“No one has ever built a nuclear plant in a liberalised electricity market,”….Mr Roderick of GE Hitachi observes that in the past five years, only a fraction of the proposed reactor projects went ahead, and he expects the same to be true in the next five years…….

Nuclear: New dawn now seems limited to the east, FT.com, By Ed Crooks: September 12 2010 The renaissance of nuclear power is a much fabled beast that is often talked about but rarely seen. Continue reading →

September 13, 2010 Posted by | 2 WORLD, business and costs | Leave a comment

Even if they go ahead, dubious profitability for Germany’s old nuclear plants

E.On: tax eats profits from nuclear extension-paper   Reuters, FRANKFURT, Sept 12 – E.On EOGn.DE says taxes will eat up between half and two thirds of all profits generated from extending the lifespan of nuclear power stations in Germany, Frankfurter Allgemeine Sonntagszeitung said on Sunday.”The state will definitely take more than half and combined with the nuclear fuel tax likely cash in two thirds,” E.On CEO Johannes Teyssen said in an interview with the paper.New tax measures are set to be introduced as part of a deal struck between the utilities and the German government earlier this month to extend the operating lifespan of 17 nuclear power plants, giving reactors an extension of about 12 years on average. …….E.On: tax eats profits from nuclear extension-paper | Energy & Oil | Reuters

September 13, 2010 Posted by | business and costs, Germany | , , , | Leave a comment

Renewable energy 17%, nuclear 2% in new generation since 2000

Globally, the shift to clean energy sources has been gradual. Since 2000, nearly a third of new power generation has come from burning coal. Another third has been fired by natural gas – less greenhouse gas-intensive, but still a fossil fuel. Carbon dioxide-free energy sources have made up less than one fifth of the new generation. Of that, 17 per cent has been renewable energy – largely solar, wind and hydroelectricity…….Nuclear power, the largest source of installed low-carbon energy, has declined markedly since the 1980s and made up just 2 per cent.

Nuclear power, the largest source of installed low-carbon energy, has declined markedly since the 1980s and made up just 2 per cent.

Limit on climate, and the catch, The Age, Adam Morton, September 10, 2010 Continue reading →

September 10, 2010 Posted by | 2 WORLD, business and costs | , , , , , , , , , , , | Leave a comment

USA’s nuclear salesmen in a turmoil over India’s Nuclear Liability Bill

The US India Business Council, representing 300 top US companies doing business with India, wanted India to adopt a nuclear liability regime “channelling absolute and exclusive liability to nuclear power plant operators, [not to the USA nuclear reactor suppliers]

US fears Indian nuclear liability law may deter foreign suppliers – The Economic Times, 7 Sept 10, WASHINGTON: The passage of a nuclear liability bill by Parliament making suppliers of nuclear equipment also potentially liable threatens to cast a long shadow over India’s plans to open an estimated $150 billion nuclear market to foreign companies. Continue reading →

September 8, 2010 Posted by | business and costs, India | , , , , | Leave a comment

Florida residents have to pay up in advance for nuclear plant extensions that are not yet scrutinized

FPL customers set to pay $31 million in 2011 for proposed nuclear projects South Florida Sun-Sentinel.com, by Julie Patel, 7 Sept 10,  Costs approved before they’re scrutinized by the Public Service Commission The Public Service Commission agreed to allow Florida Power & Light to charge customers $31 million next year to cover costs of planning proposed nuclear plant expansions. Continue reading →

September 8, 2010 Posted by | business and costs, USA | , , , | Leave a comment

Germany’s local electricity companies the losers if old nuclear plants continue

the average 12-year nuclear plant lifespan extension would cost municipal electricity suppliers 4.5 billion euros.

Local utilities want compensation after German nuclear power deal | Germany | Deutsche Welle | 07.09.2010, Gregg Benzow, Municipal electric utility companies have asked for financial compensation to offset losses they say they will incur from a decision to extend the lifespan of Germany’s nuclear power plants. Continue reading →

September 8, 2010 Posted by | business and costs, Germany | , , , | Leave a comment

USA, Russia desperate to sell nuclear reactors to the Third World

Nuclear power in Vietnam: the US and Russia compete, FT.com, September 6, 2010  by Matt Steinglass “…… today Russia and America are again jockeying for influence in Vietnam, and this time they’re offering reactors.The head of the Russian state-owned nuclear power monopoly Rosatom, Sergei Kirienko, (at left) was in Hanoi on Friday, shaking hands with Prime Minister Nguyen Tan Dung………

Meanwhile, Hanoi has been working towards a Section 123 Agreement with the US, which would allow it to import American nuclear technology.

Westinghouse Electric and Japan’s Hitachi-GE Nuclear Energy, both of which use American technology, are bidding on the contract for Vietnam’s second reactor.

Nuclear power in Vietnam: the US and Russia compete | beyondbrics | FT.com

September 7, 2010 Posted by | business and costs, Vietnam | , , , , , | Leave a comment

Shutdown of South African nuclear plant

Ezulwini uranium plant closes for repairs, World Nuclear News, 1 Sept 10, Toronto-based First Uranium has temporarily closed its Ezulwini uranium plant in South Africa to replace two columns in the ion exchange section following a structural failure on a loading column. The company said that the plant will remain offline while two replacement columns are designed, manufactured, installed and commissioned. The work is expected to be completed by the end of 2010. The company said that the anticipated impact of the temporary shut down on its cash flow, loss in uranium sales and rescheduled capital is some $1.2 million….the ramping up of gold and uranium production from the Ezulwini mine has been slower than expected.

September 3, 2010 Posted by | business and costs, South Africa | , , , | Leave a comment

‘Decommissioning’ nuclear reactors becoming unaffordable

The fund, set up to pay for the Vernon reactor’s eventual dismantlement and removal of radioactive components, has come under fire from lawmakers and nuclear watchdog groups as having less in it than will be needed…..

Vt. auditor: Raise nuke plant shutdown fund checks  BusinessWeek, 31 Aug 2010, MONTPELIER, Vt.Vermont state Auditor Tom Salmon says the state should do a better job tracking the Vermont Yankee nuclear plant’s decommissioning fund. Continue reading →

September 1, 2010 Posted by | business and costs, decommission reactor, USA | , , , , , , | Leave a comment

Spiralling costs threaten nuclear industry – France, UK, Bulgaria

A particular concern is the specter of spiraling costs at a high-profile project at Olkiluoto in Finland, where Areva, a French nuclear reactor builder, agreed in 2005 to build a next-generation plant, called E.P.R.

New Warnings About Costs of Nuclear Power in Bulgaria and Britain – NYTimes.com August 31, 2010, By JAMES KANTER As anticipation grows about a possible renaissance for the nuclear power industry — and about its potential for curbing greenhouse gas emissions — some politicians are stepping up warnings about the high cost of such projects. Continue reading →

September 1, 2010 Posted by | business and costs, EUROPE | , , , , , , , , | Leave a comment

India’s Nuclear Liability Bill makes it hard for nuclear reactor sellers to get insurance

Nuclear damage: Should suppliers be liable? sify finance, | 2010-09-01 Nilendra Kumar lThe nuclear damage Bill has crafted a pragmatic provision to bind operator and supplier under contractual liabilities, but suppliers may find it tough to obtain insurance to back such contracts Continue reading →

September 1, 2010 Posted by | business and costs, India | , , | Leave a comment

India’s nuclear deal to create financial burden for India in the future

Today, nobody in India including Dr. Manmohan Singh would know what would be the exact investment cost in the nuclear power projectsand what would be the cost of generated nuclear power that the country would get , after investing thousands of crores of rupee in the nuclear power projects and importing the machinery and fuel at a price that would be dictated by the overseas business houses.

India has now a nuclear burden to carry, by N.S.Venkataraman  Chennai, Sri Lanka Guardian) August 27, 2010 Indian Prime Minister Dr. Manmohan Singh has realized his single point agenda of passing nuclear bill in parliament and bringing nuclear power projects to India at any cost. While he may be happy and satisfied man now, the burden caused due to his single point agenda has to be carried on by his country men for long period after Dr. Manmohan Singh would cease to be the Prime Minister of India. Continue reading →

August 28, 2010 Posted by | business and costs, India | , , | Leave a comment

USA nuclear firms worried about becoming liable for nuclear accident costs

Lawmakers in New Delhi approved a bill last night that makes suppliers and builders of atomic reactors potentially liable in the event of an accident…..None of India’s biggest prospective suppliers, including GE Hitachi Nuclear Energy or Westinghouse Electric, are likely to sign contracts if they can be held liable for third-party damages,

India Risks Nuclear Power Isolation With Break From Post-Chernobyl Accord, Bloomberg, By Natalie Obiko Pearson – Aug 26, 2010 India’s push to end a three-decade ban on buying nuclear equipment from abroad may founder on laws passed by its own parliament. Continue reading →

August 26, 2010 Posted by | business and costs, India | , , , , , , , , , | Leave a comment

UK’s French built nuclear plants to cost $9 billion

EDF, RWE May Spend $9.3 Billion Per New Nuclear Plant in U.K., Hendry SaysBy Fred Pals and Kari Lundgren – Aug 26, 2010 Utilities building new nuclear power plants in the U.K. may have to spend as much as 6 billion pounds ($9.3 billion) on each plant, according to Charles Hendry, the country’s minister of state for energy…………

EDF, RWE May Spend $9.3 Billion Per New Nuclear Plant in U.K., Hendry Says – Bloomberg

August 26, 2010 Posted by | business and costs, UK | , , , | Leave a comment

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