Congressional Update NEI Washington International Reps Meeting January 9, 2014 Hon. Bill Foster U.S. Congressman (IL-11)

One of two Physicists in Congress One of 108 Members of Congress with a business background

Bill Foster’s Business Career: Electronic Theatre Controls, Inc. Co-founded 1974 with brother Fred Foster –Bill was 19, Fred 17 –Initial Capitalization: $500 from our parents. ETC now manufactures ~70% of all Theatre Lighting Equipment in U.S. – $150M+ sales/year – 650+ Employees – Fred runs business (Bill bought out in 2007)

Electronic Theatre Controls, Inc. ~

Electronic Theatre Controls, Inc. Today 650+ Employees in Middleton, WI

Fermilab’s Accelerators Past, Present, and Future Dr. G. William Foster November 8, 2002

Bill at Fermilab

Collider Detector at Fermilab (CDF)

Discovered Top Quark CDF Detector

Particle Accelerators

Fermilab Main Injector Antiproton Recycler Ring

A: The Familial Recessive Gene for Adult-Onset Political Activism Bill Got Married, Raised a Family, Had a reasonably interesting career in Physics & Business. So: why go into politics?

Bill’s Mother and Father Jeanette Raymond and George William Foster Met on Capitol Hill ~1950 Bill’s Mom worked for Sen. Paul Douglas (D-IL)

11 th District of Illinois

March 8, 2008

Swearing-In Ceremony – March 11, 2008

Congressional Ball

What Life as a Congressman is Really Like Scheduled 12 Hours each day Read myself to sleep each night with a ¾” stack of papers… Live in a Crummy Efficiency Apartment in DC After last votes on Friday,  come back home each weekend (where I get scheduled up by the staff in the Illinois District Office…)

“Congress on Your Corner”

So, why does anyone take this job? Voting Machine in the U.S. House of Representatives

Reduction of carbon emissions is an important part of future climate protection 62.45% of clean energy generation in the US is nuclear Nuclear energy provides 20% of United States energy Nuclear energy is reliable power, available 24/7 Benefits of Nuclear Energy Source: IAEA Source: Exelon

Natural gas prices have dropped due to large domestic reserves from shale formations Surplus supply of electricity leads to periodically negative electrical prices Nuclear reactors provide constant energy – cannot shut off Four reactors permanently closed in 2013, with another projected to close by the end of 2014 Nuclear power can become economically viable in the future if a carbon tax or a “cap-and-trade” system is imposed Challenges to Nuclear Source: NEI Frequency of negative prices increasing with increased wind generation

Current Activities in Nuclear Energy $21.5M FY2014 request for Nuclear Energy's Light Water Reactor Sustainability (LWRS) – DOE R&D program to extend operating life of current nuclear power plants DOE $8 billion loan guarantee program for construction and operation of new reactors at Vogtle – 2 new nuclear reactors projected to open ~ Investment in university R&D for new and advanced technology – NEUP and IUP (Dept. of Energy) has awarded $290M to 89 schools since FY MW new nuclear energy capacity online by 2018 – 5 new nuclear reactors (including Vogtle) online by 2018 DOE granted $450 million to Babcock & Wilcox and NuScale for SMR commercialization New EPA regulations on carbon emissions may be beneficial to Nuclear Vogtle – August 2013 Source: Georgia Power Co Source: DOE

On-Going R&D DOE Emphasis: Small Modular Reactors (SMRs) – Examples: NuScale, mPower, PRISM, Westinghouse, Travelling Wave, etc Many different reactor types being researched: High-Temperature Gas-Cooled Reactor (HTGC) Fluoride salt-cooled high-temperature reactors (FHR) Sodium-cooled Fast Reactor (SFR) Lead-Cooled Fast Reactor (LFR) Very-High-Temperature Reactor (VHTR) Molten Salt Reactor (MSR) Supercritical-Water-Cooled Reactor (SCWR) Gen III+ Light Water Reactor Source: NuScale Source: B&W Source: GE

Financial Services Committee

BANK FAILURES AND SUSPENSIONS

Recent U.S. Economic History –Strong Economic and jobs growth –Paying down debt (- $200B/yr) –Deregulation, job stagnation and collapse –Explosion of Federal Deficit (  $1,200B/yr) –Reversal of Collapse and Gradual Recovery –Halving of Federal Deficit (  $600M/yr)

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