Investing In Nuclear Power and Coal – What happens next is SAD

I have never been a fan of Southern Company. I ain’t gonna cry crocodile tears for them either. I mean this is some of the dumbest shit I have ever seen.  I mean it has already bankrupted a GE unit. Heh lets throw good money after bad, and more bad, and more bad.

https://www.eenews.net/stories/1060093003

NUCLEAR

Southern Co. to absorb $1.1B in added Vogtle costs

Southern Co. will absorb $1.1 billion in additional pre-tax costs for its Plant Vogtle nuclear expansion project, the company said in financial disclosures early today.

The costs include $700 million in additional subcontractor costs and an additional construction contingency estimate for nuclear reactors, which Southern’s Georgia Power Co. unit is building with a group of public power companies.

Georgia Power recorded the pre-tax charge of $1.1 billion, or $800 million after taxes, for the quarter, ending June 30.

Atlanta-based Southern released the information shortly after 6 a.m. as part of its quarterly report filed with the Securities and Exchange Commission.

The company’s decision to eat millions of dollars in costs associated with a large power plant is a bitter reminder to investors of its next-generation coal project in Mississippi. Southern took back-to-back quarterly losses amounting to billions of dollars with the Kemper County energy facility because of a settlement with Mississippi utility regulators.

Unlike Kemper, Southern does not own the technology associated with Vogtle. This is also the first year that the company’s nuclear unit and Georgia Power are fully in control of the project.

This means the utilities can no longer point fingers at others if there are problems.

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Go there and read a really long articel. More next week.

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FirstEnergy Cries For Help – Oh Daddy big government please help little me

This is what happens in a transitional economy. All the big brave tough bullies, Captains of Industry, turn into silly whiny little sissies begging for handouts. Isn’t life interesting. And no, this is not an April Fools Joke.

https://arstechnica.com/tech-policy/2018/04/coal-nuclear-plant-operator-files-for-bankruptcy-asks-trump-for-a-bailout/

business cycles —

Coal, nuclear plant operator files for bankruptcy, asks Trump for a bailout

FirstEnergy’s request comes after regulator struck down an industry-wide bailout plan.

On Saturday, power corporation FirstEnergy placed its coal and nuclear generation units under chapter 11 bankruptcy. Although coal and nuclear plants across the country have struggled to compete with the low prices of natural gas, FirstEnergy’s filing is unique because it stands to take on a political dimension. Just two days before FirstEnergy’s bankruptcy filing, the company petitioned the Department of Energy (DOE) for an emergency bailout, citing concerns about reliability.

The petition could reinvigorate a debate started by Energy Secretary Rick Perry, who proposed a rule last year to change how coal and nuclear plants are compensated for their power. The rule was denied by the Federal Energy Regulatory Commission (FERC), which said that there was not enough evidence to justify changing how coal and nuclear are compensated.

FirstEnergy disparaged FERC’s decision in its Thursday petition (PDF), claiming that “as a result of FERC’s and the RTO’s [Regional Transmission Organization’s] failure to address this crisis, swift and decisive action is needed now to address this imminent loss of nuclear and coal-fired baseload generation and the threat to the electric grid that this loss poses” (emphasis FirstEnergy’s).

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Go there and laugh your asses off. More next week.

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Finally A Place To Put Nuclear Waste – Shut up environmentalists

I have said for 30 years, storing nuclear waste onsite is dumb and dangerous. Especially at nuclear power plants. Yes the waste is dangerous and proper precautions must be taken. YES accidents will happen. But how many Fukushimas do you want to see. Melt downs and other disasters are really really bad, but how much worse are they with 1000s of tons of radioactive waste present. Yes, I think they should open Yucca Mountain as well.

https://www.forbes.com/sites/jamesconca/2018/03/06/will-we-actually-get-a-place-to-store-our-nuclear-waste/#283213a023a0

 

Will We Actually Get A Place To Store Our Nuclear Waste?

, I write about nuclear, energy and the environment

It certainly looks like it. At the end of February, the United States Nuclear Regulatory Commission accepted Holtec International’s license application for its proposed consolidated interim storage facility for spent nuclear fuel, called HI-STORE CIS.

To be located in southeastern New Mexico near Carlsbad, the facility would store spent nuclear fuel, which is better referred to as slightly used nuclear fuel, until a final disposal facility is built or until we build our new fast reactors that will burn it, or we recycle it into new fuel.

Reactor fuel usually spends five years in the reactor, after which about 5% of the energy in the fuel is used, but fission products of the reactions have built-up to the point where the fuel must be replaced. After leaving the reactor, the spent fuel usually spends about 5 years in spent fuel pools of water, until heat and radiation have decreased sufficiently to allow the fuel to be passively cooled in a dry cask (see 1,2,3).

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Go there and read. More next week.

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Good News At Fukushima – Looks like they will start removing spent fuel rods

I do not believe in always presenting “bad news” about any given subject. Do I post happy news about coal? Not very often. Do I post good things about oil drilling? Not much. How about great stories about Nukes? No. But when a bad situation gets better, especially of the scope of what has gone on in Japan. Hell goods is hard not to report. Few people realize that removing the spent fuel rods from all three reactors is at least half the job.

http://www.stltoday.com/news/world/worst-hit-reactor-at-fukushima-may-be-easiest-to-clean/article_e1bd8254-2e1c-5345-80e3-70b298e6ad86.amp.html

Worst-hit reactor at Fukushima may be easiest to clean up

By MARI YAMAGUCHI Associated Press

OKUMA, Japan (AP) — High atop Fukushima’s most damaged nuclear reactor, the final pieces of a jelly-roll shaped cover are being put in place to seal in highly radioactive dust.

Blown apart by a hydrogen explosion in 2011 after an earthquake and tsunami hit Japan’s Fukushima Dai-ichi plant, reactor Unit 3 is undergoing painstaking construction ahead of a milestone that is the first step toward dismantling the plant.

The operating floor — from where new fuel rods used to be lowered into the core — has been rebuilt and if all goes as planned, huge cranes will begin removing 566 sets of still-radioactive fuel rods from a storage pool just below it later this year.

It has taken seven years just to get this far, but now the real work of cleaning up the Tokyo Electric Power Co. plant can begin.

“If you compare it with mountain climbing, we’ve only been preparing to climb. Now, we finally get to actually start climbing,” said Daisuke Hirose, an official at the plant’s decommissioning and decontamination unit.

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Go there and read the good news. More next week.

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This Is What Happens To A Failed Nuke – They give it away

In other words they try to get out of their obligations by appearing to be generous. No Nuke has been built in the U.S. in 40 years because they are financial death traps. It takes a “modernizing” economy to support such a massive waste of time and money. And of course ignore safety concerns when regulation is lax. Now they want to give away a partially built plant. What the hell is North Carolina gonna do with that?

https://www.postandcourier.com/business/utility-offers-abandoned-s-c-nuclear-site-to-santee-cooper/article_ac93346a-de86-11e7-9805-33c5e015ebec.html

top story

Utility offers abandoned S.C. nuclear site to Santee Cooper

  • Associated Press

COLUMBIA — The parent company of South Carolina Electric & Gas Co. is offering the site of a failed nuclear reactor project to the state-owned utility Santee Cooper.

SCANA has proposed giving the Fairfield County site to Santee Cooper so the project could be preserved and perhaps finished at some point in the future, The State newspaper reported.

SCE&G and Santee Cooper abandoned their joint effort July 31 after spending more than $9 billion, both blaming the failure on the bankruptcy by principal contractor Westinghouse. SCE&G customers have been charged nearly $2 billion toward interest on the company’s debt, via a series of rate hikes since 2009, without any power being generated.

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Go there and read the scam. More next week.

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I Have Prostate Cancer – I just had radioactive seed implant surgery

Yes I know it is ironic that a total anti-atomic energy advocate has some shoved up his butt. Yet I am hoping good things will come of. What I can honestly say is sitting here is painful. So no post this week.

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More next week.

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Excelon’s Nukes Leak Radiation – This despite a 285 million dollar subsidy

I thought about posting a story about how cheap alternative energy has become, especially wind power. Much cheaper than coal. I also considered posting a story about how Costa Rico ran its entire country on renewable energy for 300 days or even about the energy plight of Puerto Rico. But I fought against the subsidies for Excelon because the nukes are dangerous boondoggles and because the lost jobs could be replaced with renewal energy jobs. This proves that the State of Illinois wasted 285 million dollars on this crap. I am infuriated.

http://www.stltoday.com/news/local/illinois/investigation-radioactive-leaks-at-illinois-nuclear-plants/article_5afd12ac-e54b-5b20-be98-b72233c1075c.html

Investigation: Radioactive leaks at Illinois nuclear plants

  • By Brett Chase and Madison Hopkins • Better Government Association

Radioactive waste continues to pour from Exelon’s Illinois nuclear power plants more than a decade after the discovery of chronic leaks led to national outrage, a $1.2 million government settlement and a company vow to guard against future accidents, an investigation by a government watchdog group found.

Since 2007, there have been at least 35 reported leaks, spills or other accidental releases in Illinois of water contaminated with radioactive tritium, a byproduct of nuclear power production and a carcinogen at high levels, a Better Government Association review of federal and state records shows.

No fines were issued for the accidents, all of which were self-reported by the company.

The most recent leak of 35,000 gallons occurred over two weeks in May and June at Exelon’s Braidwood plant, southwest of Chicago. The same facility was the focus of a community panic in the mid-2000s after a series of accidents stirred debate over the safety of aging nuclear plants.

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Go there and read. More next week.

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Turkey Point Nuke Kept Unit Operating In Hurricane Irma – Are you kidding me

This is startling and disturbing. Are these people crazy?

Florida Nuke Plant Did Not Meet Fed Safety Guidelines as Irma Roared

Update | Operators of a nuclear power plant in the path of Hurricane Irma kept one reactor operating during the cyclone, although the plant had not finished meeting stricter federal safety requirements implemented after Japan’s Fukushima accident.

The Turkey Point nuclear plant in Homestead, along the southeast Florida coast, experienced an unrelated failure in one reactor’s cooling system during the storm. A part called the steam generator’s feed regulating valve failed on Sunday night, prompting engineers to shut down the reactor.

The cooling system malfunction did not cause any radiation leakage, according to the Nuclear Regulatory Commission.

The failure of the valve at Turkey Point was unrelated to larger, federally mandated improvements that are still pending, including improving seals on exterior doors and improving floodwater drainage mechanisms near “key” cooling pumps, according to a flood- and hurricane-preparedness report the power plant sent to the Nuclear Regulatory Commission in June — a requirement of post-Fukushima regulations.

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Go there and get sick. I mean read. More next week.

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Open Yucca Mountain Please – At least now there is a chance

While this piece is important, it is also kind of cutsie in the fact that all the nuclear waste mentioned is well taken care of. Still I want to make 2 points.

1, I always thought and still do, that Yucca Mountain is a perfect place to store nuclear waste. I was pissed when Obama tried to call the whole thing off and I am glad that the Trump administration is trying to reopen it. Don’t get me wrong, I do not like much of what Trump has done so far BUT this is just fine.

2, Illinois had the perfect opportunity to be the nations nuclear waste dump for real. Northern Illinois between Chicago and the Mississippi River is virtually earthquake free. Like for 1000s of years. As soon as Obama defunded Yucca Mountain we could have stepped up and said, “We will build it here”. Illinois could have gotten Billions of Dollars and 100s if not a 1000 jobs, and the waste would have had a very short train trip to disposal. They could have even used trucks. Then it would have been up to the rest of the States to figure out how to get their waste here.  But no, that would have been tooo bold, so now we are back to the beginning.

http://nprillinois.org/post/illinois-issues-prairie-states-nuclear-waste-conundrum#stream/0

Illinois Issues: The Prairie State’s Nuclear Waste Conundrum

Jul 20, 2017

The Land of Lincoln is the country’s largest de facto nuclear waste dump.

Under a federal measure passed 30 years ago, the spent fuel from America’s nuclear reactors is supposed to be permanently buried out in the Mojave Desert, tucked deep under a mountain, far from any population center and easily guarded

In reality, though, that radioactive waste – tens of thousands of tons of it – is sitting in temporary storage at dozens of current and former nuclear power sites all over the country, as it has been for decades. The largest portion of it is divided among seven sites that dot the nation’s fifth-largest state: Illinois.

The story of how the Land of Lincoln became the nation’s biggest de facto nuclear waste dump is a tale of public fear, political pragmatism and the power of NIMBY (Not In My Back Yard).

It’s a story that radiates political irony. Among those responsible for Illinois’ atomic dilemma is the state’s favorite son, Barack Obama, who scuttled a decades-old project that was to have created a national nuclear waste repository at Yucca Mountain, Nevada.

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Go there and read. Think about it. More next week.

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Is Nuclear Power Dead – The resurgence that never was

This was supposed to be the New Dawn of Nuclear Power, but instead it looks like its the resurgence that never was. Talk about dinosaurs.  They even look like something from another age. It is still good money poured down a bad hole. Will they never learn. Large base load is done.

http://www.politico.com/states/florida/story/2017/08/02/sc-construction-shutdown-signals-floridas-nuclear-demise-critics-say-113735

South Carolina’s construction shutdown should signal Florida’s nuclear demise, critics say

TALLAHASSEE — The decision by South Carolina utilities to shut down a nuclear plant under construction should send a signal to other states, including Florida, that a supposed nuclear “renaissance” is over, critics said Tuesday.

Florida Power & Light Co. proposed building two new nuclear units at its Turkey Point power plant south of Miami, but the utility told the Public Service Commission in May that it plans to continue a planning “pause” while it seeks to learn from nuclear plants that were being built in South Carolina and Georgia.

The decision by SCE&G and Santee Cooper utilities to abandon construction in South Carolina nine years after starting shows that the Florida project is doomed, critics said. Duke Energy Florida in 2013 abandoned its plans to build a new nuclear plant in Levy County.

“I think for FPL and the people of Florida this is a time to say basically, wait a second what are we doing here?” said Stephen Smith, executive director of the Southern Alliance for Clean Energy.

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Go there and read the good news. More next week.

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