Monday, June 16, 2008 at 09:54PM
The United States nuclear power industry is planning to build 34 new nuclear power plants bringing the total to 134 nuclear reactors going forward. However these projects take time to bring on stream with estimates of 4 to 8 new nuclear plants operational by around 2016. There are a few fences to be cleared along the way including skyrocketing commodity costs, solutions for radioactive waste disposal, forward prices in electricity markets and environmental compliance costs, according to Steve Gelsi of MarketWatch.
Exelon Corporation, CEO John Rowe, said at a recent industry gathering.
"The electric sector's dependence on natural gas exposes our customers to unacceptable price volatility, and our companies to political and regulatory stress."
We agree, to have a spread of options regarding power generation is the common sense thing do. History shows us that depending on oil for instance in the ‘70s’ left us wide open to price increases that we could do nothing about. Talking about the ‘70s’ Patrick Moore, co-founder of Greenpeace and a nuclear power supporter had this to say:
"I think a lot of people are kind of stuck in the '70s. ... I think people haven't caught up with the fact that climate change has changed the whole climate of the environmental debate on this planet,"
The objections are coming thick and fast though as Alex Matthiessen, president of RiverKeeper and referring to Indian Point plant in Buchanan, N.Y
"It's a clear terrorist risk and it's the wrong plant at the wrong time in very much the wrong place, of all the nation's nuclear power plants, this one clearly is a unique case and deserves to be retired as quickly as possible."
Terrorist risk, nuclear waste, etc, there is still a lot of work to do to win over these people, but it is a debate we just cannot afford to lose as there is no credible alternative.
Have a good one.
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