“NUCLEAR POWER IN UTAH: COSTLY, RISKY AND UNNECESSARY” By Matt Pacenza, Policy Director HEAL Utah.

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Presentation transcript:

“NUCLEAR POWER IN UTAH: COSTLY, RISKY AND UNNECESSARY” By Matt Pacenza, Policy Director HEAL Utah

NUCLEAR POWER: THE CONTEXT  Most built in the 60s and 70s  Fewer in the 80s and 90s  In early 00s, a “New Nuclear Renaissance” widely predicted  Many proposed, including Green River reactors by Blue Castle Holdings, inc.

12.5 cents to 18 cents per kilowatt hour Utah currently pays roughly 7.5 cents National average about 10 cents New natural gas 8-10 cents; wind Those high prices exist even with big federal supports Caps on liability Federal loan guarantees NUCLEAR: COSTS TO CONSUMER

“Natural gas would have to be more than 50 percent more expensive than it is today before building a new nuclear power plant would make clear economic sense,” -- Standard & Poor’s “In liberalised energy markets, building nuclear power plants is no longer a commercially feasible option: they are simply too expensive.” – The Economist “It’s just hard to justify nuclear, really hard. Gas is so cheap and at some point, really, economics rule,” Jeff Immelt, the chief executive of General Electric, one of the world’s largest suppliers of atomic equipment, told the Financial Times. “So I think some combination of gas, and either wind or solar … that’s where we see most countries around the world going.” Wall Street on Nuclear

NUCLEAR TODAY Nuclear “renaissance” fading Considerable subsidies not enough Cost overruns remain a problem Duke Energy and its William States Lee III reactors 2007 Cost Estimate: $5-$6 billion Cost Estimate: $11-$14 billion Cost Estimate: ??? Progress Energy and its two Levy County reactors 2007: Cost Estimate: $9.4 billion 2008: Cost Estimate: $13 billion 2011: Cost Estimate: $17.2 billion

NUCLEAR POWER WATER USE  Uses much more water than other ways of making electricity Source: The Electric Power Research Institute (EPRI)

UTAH AND WATER  Already facing serious water pressure  Population of state expected to double in next 40 years  Possible impacts of climate change  What kind of electricity-making should we choose? The kind that uses the most water?

NUCLEAR POWER: THE RISKS  March 11: 9.0 earthquake  Damage to Fukushima Daiichi nuclear power plant.  Emergency diesel generators fail.

THE FUKUSHIMA NUCLEAR CRISIS

FUKUSHIMA: THE IMPACTS griculture

ALTERNATIVES EXIST

“NUCLEAR POWER IN UTAH: COSTLY, RISKY AND UNNECESSARY” By Matt Pacenza, Policy Director HEAL Utah HEAL Utah *** *** ***