1. ANS Winter Meeting Key Insights

2. Plenary Session Takeaways Global Nuclear Leaders are non-Western – China/India/Russia/South Korea Current challenge to nuclear power in U.S. is cheap gas – Electricity generated by natural gas costs $3.5- 4.0/MBTU and may drop as more gas is found Global warming/Climate change is still the game changer – Even the natural gas producers embrace it because gas produces less CO2 than does coal

3. Plenary Session (Cont.) U.S. may export plant operation know-how – U.S. capacity factors are very high Depends in part on developing the risk infrastructure to enable on-line maintenance of safety equipment No interest in closing the fuel cycle – Reprocessing push would result in political chaos For those supporting reprocessing For continued long-term spent fuel storage

4. Small Modular Reactors -SMRs Embedded session focused on development – U.S. development/deployment could restore nuclear leadership position world-wide – Vendors actively pursuing specific proposals B&W mPower working with TVA Savannah River site has identified multiple locations and is working with several SMR vendors – Developing countries interested because SMRs don’t require as much capital or distort limited power supplies on smaller grids Replacement for SMR outage more manageable

5. Implications for Arizona SMR is already underway elsewhere – Arizona incentives needed to attract vendors Mo-99 generation alternatives underway at several sites using HEU/LEU/reactors – Arizona need critical to support local source Reprocessing considered politically risky

6. Arizona Implications (cont.) Centralized interim waste storage not priority – NRC found waste can stay safely/securely on site for 60 years after reactor ceases operation Possible centralized storage role for Arizona – Safety advantages to locating facility in area with low population density, seismic activity, rainfall, and ease of access by interstate highway and rail – Cost advantage by using photovoltaic panels to cool casks and provide power for security features