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Earth Government Power The Almighty Buck

Nation's Biggest Nuclear Firm Makes a Play For Carbon Credit Cash 227

tomhath writes with this story that may shake up the nuclear industry. "The biggest player in the beleaguered nuclear power industry wants a place alongside solar, wind and hydroelectric power collecting extra money for producing carbon-free electricity. Exelon Corp., operator of the largest fleet of U.S. nuclear plants, says it could have to close three of them if Illinois rejects the company's pitch to let it recoup more from consumers since the plants do not produce greenhouse gases. Exelon and other around-the-clock plants sometimes take losses when wind turbines produce too much electricity for the system. Under the system, electric suppliers would have to buy credits from carbon-free energy producers. Exelon says the plan would benefit nuclear plants, hydroelectric dams, and other solar and wind projects."
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Nation's Biggest Nuclear Firm Makes a Play For Carbon Credit Cash

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  • And why not? (Score:4, Insightful)

    by daveschroeder ( 516195 ) * on Sunday March 29, 2015 @05:15PM (#49366975)

    Considering that nuclear power is the safest form of power the world has ever known [forbes.com], I'd say it's worthy of recognition for offsetting carbon more than anything else. To borrow a phrase, "It's the energy density, stupid."

    There's a reason why China has 30 nuclear plants under construction, while the US just approved its first new plant in 30 years.

    • Re: (Score:2, Interesting)

      by Anonymous Coward

      I wonder how quickly NIMBY becomes IMBY if electricity were actually provided free for the people and properties and businesses near the plant.

      • > I wonder how quickly NIMBY becomes IMBY if electricity were actually provided free
        > for the people and properties and businesses near the plant.

        Works wonders for the wind industry.

    • Re: (Score:2, Interesting)

      by Anonymous Coward

      There's a reason why China has 30 nuclear plants under construction, while the US just approved its first new plant in 30 years.

      China's corporate masters are production-oriented, while in the US wealth extraction has already taken over?

    • Re: (Score:3, Informative)

      Even if we give the nuclear industry a pass on the problems/issues with radioactive waste disposal a tremendous amount of carbon is expended in the mining/refining and transportation of the nuclear fuel. This carbon foot print seems to be forgotten; it can because the location of the uranium ore is not a consideration for siting the reactor: out of site out of mind. Hydro electric dams and wind turbines also have an initial carbon load. However once the dam or turbine is built only maintenance is required,
      • by LWATCDR ( 28044 )

        The carbon footprint according to a NASA study including all mining is a small fraction of natural gas and more than an order of magnitude less than coal. Oil does not count since almost no oil is used for electric production in the US.
        BTW maintenance is not carbon free of wind turbines.

    • Re:And why not? (Score:4, Insightful)

      by MightyMartian ( 840721 ) on Sunday March 29, 2015 @06:38PM (#49367341) Journal

      Safe except for the byproducts, which are most definitely not safe. I'm not an opponent of nuclear, but it's ludicrous to claim that it is safer than, say, geothermal or solar.

      • Safe except for the byproducts, which are most definitely not safe

        Why not? The byproducts are very small in volume, and quite well protected/contained.

        It's better than coal which spreads low does of radiation, not to mention other pollution, all over the place. Both in burning and in transport.

        It's better than solar or wind, byproducts of manufacture of those systems end up in the environment.

        Nuclear has the safest byproducts. because you will never come in contact with them.

        • by MrKaos ( 858439 )

          Nuclear has the safest byproducts. because you will never come in contact with them.

          I'd like to see you explain that to Iraq war veteran and the children of Iraq exposed to depleted Uranium munitions. Very nasty stuff indeed.

      • by LWATCDR ( 28044 )

        Geothermal is location limted.
        Solar is not useful for baseload because of the state of storage technology. And yes I have read up on molten salt thermal storage and I work with battery technology everyday. Pumped water storage and solar are a poor match because it is very rare to have a lot of water and elevation change in areas with good solar potential.
         

    • by AmiMoJo ( 196126 ) *

      Actually nuclear has around a 1.3% catastrophic failure rate. Of around 450 commercial reactors built, 6 have gone into meltdown. If you include other serious failures that number is even higher.

      When the cost of a catastrophic failure is so high a 1.3% failure rate is unacceptable. The only reason people are still willing to even consider investing in it is that when things do go wrong the government always picks up the tab.

    • Re:And why not? (Score:4, Informative)

      by Maury Markowitz ( 452832 ) on Monday March 30, 2015 @07:54AM (#49369637) Homepage

      > There's a reason why China has 30 nuclear plants under construction

      They don't. They have 22 under construction, where "under construction" is something from "we have the signed paperwork" to "we're putting in the switchyard".

      And the reason is widely recorded - they wanted to put their coal plants out of business because they're poisoning everyone. Of course a nuclear plant doesn't really compete with coal economically (few things do) so to do this the plan was giving the plants free money and cheap fuel. If this were true here, the same would be happening.

      However, as the cost of wind and solar plummeted, these plans are rapidly changing. The plans used to be based on a 400+GWe nuclear buildout by 2050, but these have been scaled back to 60GW with another 30 at the outside. Meanwhile, wind power has already reached 115GW at the end of 2014, more than the nuclear plants. Current install rates for wind are far greater than the peak installation rate for nuclear would have been even at the highest end of the original projections. Since 2012, much of the planned nuclear capacity of the earlier plans has been moved to wind. Gansu alone is expected to grow to a staggering 20 GW.

      Read all about it:

      http://www.world-nuclear.org/info/Country-Profiles/Countries-A-F/China--Nuclear-Power/
      https://en.wikipedia.org/wiki/Wind_power_in_China
      http://www.bbc.com/news/science-environment-25623400

  • Eliminate the carbon credits.

    • this. carbon credits are nothing but a ruse to allow the rich, like al gore, to keep polluting, while claiming they are not
  • by Anonymous Coward

    ...what is very little recognized worldwide, is that nuclear energy gets a free lunch at the expense of the taxpayers, as regards risk insurance.
    It is the most damned uninsured thing in developed countries and when one of these plants goes bust, you know what happens, ref. Fukusima.
    If nuclear industry wishes to operate on-par terms with other forms of green technologies, please, bring the actuarial scientists in, to do all the math!

    For the record, I am not against nuclear energy as a source of energy per se

    • by Firethorn ( 177587 ) on Sunday March 29, 2015 @06:19PM (#49367249) Homepage Journal

      ...what is very little recognized worldwide, is that nuclear energy gets a free lunch at the expense of the taxpayers, as regards risk insurance.

      How many other industries have more than $12B [naic.org] in insurance before the government will step in?

      I mean, there's no other industry [bbc.com] that could cause that much damage in a single incident, is there?

      It is the most damned uninsured thing in developed countries and when one of these plants goes bust, you know what happens, ref. Fukusima.

      Yeah, we're up to 2 busted nuclear plants in the whole world. All of them were old as hell plants, newer plants survived just fine, and realistically speaking we're being paranoid about the radiation.

      If nuclear industry wishes to operate on-par terms with other forms of green technologies, please, bring the actuarial scientists in, to do all the math!

      They have. [nextbigfuture.com] It has even fewer deaths per TWh, including Chernobyl and Fukushima, than solar & wind

      • Yeah, we're up to 2 busted nuclear plants in the whole world.

        Chernobyl, Fukishima, Windscale, Three Mile Island, Fermi... that's 5sites just off the top of my head. We've only had two major accidents - but enough serious incidents and close misses that only a fool would talk about how having only two "busted"plants is proof of anything.

        • only a fool would talk about how having only two "busted"plants is proof of anything.

          And only somebody who hasn't taken statistics can say this. The accident rate for nuclear plants is extremely low, and we can do better. For example, did you know that the Fukushima plant predates both the TMI and Chernobyl plants? Modern plants would be much safer.

          TMI - no significant radiation release.
          Windscale - google shows that it wasn't a power plant, but a nuclear weapon generation facility.
          Fermi - No significant radiation release.

          I'll take nuclear power, even with it's risks, over coal, oil, and

      • 12billion?
        You are kidding? But your stance on radiation panic clearly shows you are an idiot, and not kidding.

        Read this: http://www.bloomberg.com/news/... [bloomberg.com]

        Or this: http://www.psr.org/environment... [psr.org]

        And try some of the links provided in the article ...

      • by AmiMoJo ( 196126 ) *

        How many other industries have more than $12B in insurance before the government will step in?

        I mean, there's no other industry that could cause that much damage in a single incident, is there?

        You are just defeating your own argument there. Why should nuclear be so heavily subsidised and not be liable for the massive costs that oil is? If BP can be on the hook for $43bn why can't nuclear? It's because the maximum cost is actually an order of magnitude or two more than $43bn, and the government set the rate a long time ago and never changed it.

        If all the subsidies were cut I'd be happy, because no-one would build any more nuclear plants anyway.

  • Political nonsense can always sometimes be used as a tool to push down competitors or elevate yourself with subsidies. If one energy source gets cheap, all other energy sources will stop getting as much profits. So there is always some at least light effort gamesmanship to trip up your competitors, and sometimes it is fierce. Think: If everyone had solar installments and hybrid electric plugin cars, not as many people would need gasoline(demand goes down, gas prices go down). Is the president shuttin
  • Carbon Neutral? (Score:3, Insightful)

    by MrKaos ( 858439 ) on Sunday March 29, 2015 @07:31PM (#49367511) Journal

    It's ludicrous for the Nuclear Industry to call itself carbon neutral when tens of thousands of tons of ore has to be crushed and refined with carbon based energy sources. The enrichment of the fuel at the Paducah Gaseous Diffusion Plant uses two brown coal power plants to run it. Then there is the massive cabon sink from the concrete to build the thing in the first place.

    Even after that you have the CFC114 from the enrichment process which the EPA reports as the single largest contributor of greenhouse gasses. In all they are bogus claims suggesting the Nuclear industry is "carbon-free" because clearly it is not.

    • by dbIII ( 701233 )
      It's just like how their safety figures don't include the mines, processing or power station accidents that are not related to radiation exposure.
      They have to play stupid political games because only governments will put up the money to build the things.
    • Re:Carbon Neutral? (Score:4, Informative)

      by Anonymous Coward on Sunday March 29, 2015 @08:18PM (#49367673)

      Solar and wind use far more natural resources. Steel, concrete, and even rare metals like neodymium and silver [usatoday.com] are used in huge quantities. Furthermore, coal is required for the production of concrete and steel.

      Way to cherry pick the most energy inefficient and obsolete uranium separation process. "The gaseous diffusion process consumes about 2500 kWh (9000 MJ) per SWU, while modern gas centrifuge plants require only about 50 kWh (180 MJ) per SWU." [world-nuclear.org] So, a factor of 50 more energy intensive, to say nothing of upcoming laser enrichment.

      Next generation reactors like the LFTR [wikipedia.org] won't even require enrichment, nor any extra mining at all. Thorium is a free by-product of rare-earth mining.

      • by MrKaos ( 858439 )

        Way to cherry pick the most energy inefficient and obsolete uranium separation process.

        It's not *my* choice to operate it, so when more efficient technology is operating at the commercially required volumes to supply existing plants feel free to point them out.

    • I wonder if it's feasible to capture the uranium from the fly and fall ash from coal plants, because those things put out a lot.

      • Certain coal ash indeed contains uranium concentrations similar to ores mined.

        However not all coal is contaminated with uranium ... at least not in such high amounts.

  • by WolfWithoutAClause ( 162946 ) on Sunday March 29, 2015 @08:12PM (#49367645) Homepage

    In Japan, they found at one point that there was a possibility of it *seriously* going to hell in a hand basket.

    If the wind had been really wrong, it would have put serious fallout over Tokyo; which would have been really, really, really bad. While few people would have died, the economic disruption would have been (without any hyperbole) unbelievably stupendous.

    http://world.time.com/2012/02/... [time.com]

    You can tell me all you want that this kind of accident can never happen, but I just don't believe it. We have no reason to think that Chernobyl or Fukushima were the worse cases, nor that these kinds of failures cannot happen again worse.

    • How about coal plants that have been spewing more radioactive particles per unit energy than nuclear plants IN ADDITION to mercury, arsenic and a host of other heavy and neurotoxic metals, into the atmosphere? Because of the bloody coal plants you can't safely give salmon and other large fish to babies, while it used to be one of the healthiest foods and most recommended for babies and toddlers, some 30-40 years ago.

      • Your idea about coal plants is unfortunately rather wrong ... I suggest to google and read wikipedia.

        The proclaimed problems where a hoax spread in the 60s and are debunked since 50 years or longer.

        Also modern coal plants don't emit stuff in significant amounts, everything gets filtered out.

    • Of course they are a very real risk. We have built up an industry now which has abandoned all investment for the past 40 years. You can never eliminate all risk but risk itself is a combination of hazard and consequence, and the hazard takes into account likelihood. The consequence has remained the same, the hazard is greatly reduced, and if you want to talk about worst case you must live in a very special city if there isn't something in the area which could kill you right now.

      For instance I live in a city

      • I can't speak to the chemical plants near you but with nuclear power, you always have incredibly dirty radioactive materials inside a container, with lots of complex plumbing leading into it, and under worst case conditions that stuff can potentially always get into the air and water and get spread far and wide.

        Although in principle we could make it never fail over the lifetime of human beings, in practice, we as a species, don't know how to do that, and the proliferative effects of nuclear power and their

      • by AmiMoJo ( 196126 ) *

        For instance I live in a city which is completely set in its NIMBY ways, but is perfectly happy to entertain the existence of refineries and chemical plants processing large amounts of ammonia and hydroelectric acid where the "worst case" modelling could kill 50000 people, and that from an industry that most cities have within their border in reasonably close proximity to either their business centre or their trade centres.

        Because, like most nuclear power, they were build long ago and would never be allowed in such close proximity today. If they are allowed, it is simply because there is no way people can force them not to be, not because they are "happy" to have them there.

        But by effectively scaring ourselves away from investment in nuclear we have an entire industry that is the equivalent of a 1960s Impala driving down the highway at 70mph with no seatbelts, airbags, or crumple zones, just waiting to brutally kill all occupants whenever something goes slightly wrong.

        If that were true it would be the fault of the plant operators for not upgrading their systems to be more safe. If they really are that dangerous today then it's a failure of the regulator to shut them down or demand they are replaced. They won't be replac

  • Nuclear can not compete going forwards. The writing is on the wall.

Technology is dominated by those who manage what they do not understand.

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