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$8.3 B: A Big Price Tag For a DOE Dice Roll [View all]
$8.3 B: A Big Price Tag For a DOE Dice Roll
Kelly Vaughn
Senior PR Coordinator
February 27, 2012
Energy Secretary Steven Chu said this month he expects to finalize an $8.3 billion DOE loan guarantee for Southern Company’s two new nuclear reactors. This announcement comes on the heels of the Nuclear Regulatory Commission’s recent decision to approve one of the projects in Waynesboro, Georgia—the first time the commission has approved construction of a new nuclear reactor since 1978.
...
Some argue that transitioning to a clean, affordable, and secure electric system should include an “all options on the table” approach, and that all available low-carbon technologies—nuclear, carbon capture and sequestration, natural gas, and renewables—should be pursued simultaneously and with equal rigor. RMI disagrees.
In a rapidly shifting industry facing dramatically changing demands and technology options, massive, capital-intensive projects that lock electricity providers into one option for 50 years or more are not a smart move. Despite the carbon benefits, pursuing nuclear does not address critical issues around security, financial stability, and competition.
Companies making multi-billion-dollar, multi-decade bets have the opportunity to place the right ones now. Reinventing Fire, RMI’s roadmap to a clean-energy future, points out that the greatest drivers of transformational change to our current electric system may not be carbon legislation, but rather disruptive technologies like low-cost solar power and increasing customer engagement and control...
Kelly Vaughn
Senior PR Coordinator
February 27, 2012
Energy Secretary Steven Chu said this month he expects to finalize an $8.3 billion DOE loan guarantee for Southern Company’s two new nuclear reactors. This announcement comes on the heels of the Nuclear Regulatory Commission’s recent decision to approve one of the projects in Waynesboro, Georgia—the first time the commission has approved construction of a new nuclear reactor since 1978.
...
Some argue that transitioning to a clean, affordable, and secure electric system should include an “all options on the table” approach, and that all available low-carbon technologies—nuclear, carbon capture and sequestration, natural gas, and renewables—should be pursued simultaneously and with equal rigor. RMI disagrees.
In a rapidly shifting industry facing dramatically changing demands and technology options, massive, capital-intensive projects that lock electricity providers into one option for 50 years or more are not a smart move. Despite the carbon benefits, pursuing nuclear does not address critical issues around security, financial stability, and competition.
Companies making multi-billion-dollar, multi-decade bets have the opportunity to place the right ones now. Reinventing Fire, RMI’s roadmap to a clean-energy future, points out that the greatest drivers of transformational change to our current electric system may not be carbon legislation, but rather disruptive technologies like low-cost solar power and increasing customer engagement and control...
http://blog.rmi.org/a_big_price_tag_for_a_DOE_dice_roll
Reinventing Fire:
http://rmi.org/reinventingfire
9 replies
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