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America’s future in renewables: nuclear can’t compete on costs nor on safety

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poster renewables not nuclearFlag-USAOur future is in green energy not aging, costly nuclear plants Seattle Times,  June 29, 2016   By   “……..The nuclear station, now called the Columbia Generating Station (CGS), was once known as Washington Public Power Supply System No. 2. This is a relic of an energy plan begun in the 1960s and built with technology from the 1970s. It is an 8-track tape player in an iPad world. The prices of electric power have plummeted over the years as renewables have sharply declined in price, natural gas is facing a glut and new technologies from LED lighting to rooftop solar have arrived.

Over the past four years, the market price of power that is produced from CGS has been only a bit more than half what it cost to produce it. We recently reviewed the cost and value data for our Northwest clients and found that ratepayers had paid more than $500 million more in cost than the energy was worth since 2012. We know that given the lower prices today, running the plant for the next four years will cost the region $800 million more than the value of the power it produces. Put another way, we could pay each employee of the nuclear plant a $500,000 severance and still have money left over for wind generators and solar panels.

Why is the plant so expensive? It is in a poor location — competing with far less costly renewable resources like wind and hydroelectricity. When the wind blows and the rivers surge, we have to turn off these resources, since the nuclear plant can’t adjust its output like alternative-energy resources. We have no storage solution for the nuclear waste that is being stored in its elevated spent fuel pool and in dry casks outside the plant. The plant is a singleton, rather than having twin units — there are strong economies of scale for twin plants that share repair and operating resources.

However, even more efficient, better-located nuclear plants are closing across the U.S. — recent announcements indicate plants closing in Illinois, New York, California, Massachusetts, and Nebraska. These plants are not closing because they are ailing. They are closing because the costs of aging nuclear is simply much higher than cleaner and simpler technologies.

The Nebraska closure is a case in point. Last week, the Omaha Public Power District, a public power entity comparable to Energy Northwest, announced the closure of the Fort Calhoun Nuclear Station on economic grounds. This was a thoughtful, well-considered opinion that weighed the costs over the rhetoric…….

The bottom line is that we can afford a much better mix of resources — at lower cost — than this aging nuclear station. As the Omaha Public Power District put it, it is time to rebalance our generating portfolio for a less expensive and less risky future. http://www.seattletimes.com/opinion/our-future-is-in-green-energy-not-aging-costly-nuclear-plants/


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