Jun. 1st, 2009

webfarmer: (Default)
Several new tidbits...the audio link at the end is quite good.

U.K. Expert: U.S. Not Losing Nuclear Power 'Race' - Environmental Protection - 01 June 09

"The U.K. energy expert said that, not only is nuclear power in France, Finland, and Great Britain now plagued with problems, but almost nothing that is positive about the experiences in those nations would translate to the United States. Thomas is the author of 'Areva and EDF: Business Prospects and Risks in Nuclear Energy' (March 2009) and the co-author of 'The Financial Crisis and Nuclear Power' (February 2009).

Thomas said: 'We've been waiting in vain on a 'Nuclear Renaissance' in Europe since the early 1990s. Even before the recent collapse in energy prices and the financial downturn, it was clear that all of the talk of a new resurgence in the prospects for nuclear reactors was just that: talk. It is for this reason that I find it so odd that the case for more nuclear power is being built in the United States on an entirely mythical notion of some kind of international 'race' that the U.S. supposedly is losing. In reality, the nuclear power industry in Europe is in the midst of the same kind regulatory and financial uncertainty that makes the future of the industry murky at best in this nation.

'For example, the mistaken notion that the United States need only copy the 'French model' on nuclear power is particularly bizarre. The two main French entities in nuclear power—Areva and EDF—originally were and remain today largely branches of the French government. They are directed as a matter of state policy and have benefited from extremely favorable government financing and credit assurances. To duplicate this experience in the United States, you would essentially have to nationalize your electric utilities and have all new power plant siting decisions emanate from the White House.'"


A Global Nuclear Renaissance: Is the United States Missing Out? - Environmental and Energy Study Institute

"On May 21, the Environmental and Energy Study Institute (EESI) held a briefing to examine the renewed interest in nuclear power globally and its prospects in the United States. Demand for energy coupled with the need to develop low-carbon sources has led some nations to focus on nuclear power. But even before the recent financial crisis, issues dealing with material shortages, untested designs and high default rates made nuclear energy a risky undertaking for private investors. This briefing addressed developments in the nuclear industry in Europe, projections for new nuclear power in the United States, and the financial risks associated with investing in nuclear power to address the urgent climate situation.

Speakers for this event included:

* Stephen Thomas, Professor of Energy Policy, Public Services International Research Unit in the Business School of the University of Greenwich, UK, Presentation (pdf format)

* Peter Bradford, Adjunct Professor, Vermont Law School; former Chair, New York State Public Service Commission and Maine Public Utilities Commission; former Commissioner, U.S. Nuclear Regulatory Commission, Presentation (pdf format)

Click here to read EESI's 2007 issue brief Loan Guarantee Provisions in the 2007 Energy Bills: Does Nuclear Power Pose Significant Taxpayer Risk and Liability?

Streaming video of the briefing"


And the audio of an on-line press conference titled "The Myth of the European 'Nuclear Renaissance'" held by the Physicians for Social Responsibility

"ABOUT PROFESSOR THOMAS

Professor Thomas has been a researcher in energy policy for more than 25 years. He writes particularly on economics and policy towards nuclear power, liberalization and privatization of the electricity and gas industries and trade policy on network energy industries. He is a member of the editorial boards of: Energy Policy, Utility Policy, Energy and Environment, and International Journal of Regulation and Governance.

CONTACT: Leslie Anderson, (703) 276-3256 or landerson@hastingsgroup.com.

EDITOR’S NOTE: A streaming audio recording of the news event is available here: http://www.hastingsgroupmedia.com/psr/052009Thomastelenewsevent.wma "
webfarmer: (Default)
Several new tidbits...the audio link at the end is quite good.

U.K. Expert: U.S. Not Losing Nuclear Power 'Race' - Environmental Protection - 01 June 09

"The U.K. energy expert said that, not only is nuclear power in France, Finland, and Great Britain now plagued with problems, but almost nothing that is positive about the experiences in those nations would translate to the United States. Thomas is the author of 'Areva and EDF: Business Prospects and Risks in Nuclear Energy' (March 2009) and the co-author of 'The Financial Crisis and Nuclear Power' (February 2009).

Thomas said: 'We've been waiting in vain on a 'Nuclear Renaissance' in Europe since the early 1990s. Even before the recent collapse in energy prices and the financial downturn, it was clear that all of the talk of a new resurgence in the prospects for nuclear reactors was just that: talk. It is for this reason that I find it so odd that the case for more nuclear power is being built in the United States on an entirely mythical notion of some kind of international 'race' that the U.S. supposedly is losing. In reality, the nuclear power industry in Europe is in the midst of the same kind regulatory and financial uncertainty that makes the future of the industry murky at best in this nation.

'For example, the mistaken notion that the United States need only copy the 'French model' on nuclear power is particularly bizarre. The two main French entities in nuclear power—Areva and EDF—originally were and remain today largely branches of the French government. They are directed as a matter of state policy and have benefited from extremely favorable government financing and credit assurances. To duplicate this experience in the United States, you would essentially have to nationalize your electric utilities and have all new power plant siting decisions emanate from the White House.'"


A Global Nuclear Renaissance: Is the United States Missing Out? - Environmental and Energy Study Institute

"On May 21, the Environmental and Energy Study Institute (EESI) held a briefing to examine the renewed interest in nuclear power globally and its prospects in the United States. Demand for energy coupled with the need to develop low-carbon sources has led some nations to focus on nuclear power. But even before the recent financial crisis, issues dealing with material shortages, untested designs and high default rates made nuclear energy a risky undertaking for private investors. This briefing addressed developments in the nuclear industry in Europe, projections for new nuclear power in the United States, and the financial risks associated with investing in nuclear power to address the urgent climate situation.

Speakers for this event included:

* Stephen Thomas, Professor of Energy Policy, Public Services International Research Unit in the Business School of the University of Greenwich, UK, Presentation (pdf format)

* Peter Bradford, Adjunct Professor, Vermont Law School; former Chair, New York State Public Service Commission and Maine Public Utilities Commission; former Commissioner, U.S. Nuclear Regulatory Commission, Presentation (pdf format)

Click here to read EESI's 2007 issue brief Loan Guarantee Provisions in the 2007 Energy Bills: Does Nuclear Power Pose Significant Taxpayer Risk and Liability?

Streaming video of the briefing"


And the audio of an on-line press conference titled "The Myth of the European 'Nuclear Renaissance'" held by the Physicians for Social Responsibility

"ABOUT PROFESSOR THOMAS

Professor Thomas has been a researcher in energy policy for more than 25 years. He writes particularly on economics and policy towards nuclear power, liberalization and privatization of the electricity and gas industries and trade policy on network energy industries. He is a member of the editorial boards of: Energy Policy, Utility Policy, Energy and Environment, and International Journal of Regulation and Governance.

CONTACT: Leslie Anderson, (703) 276-3256 or landerson@hastingsgroup.com.

EDITOR’S NOTE: A streaming audio recording of the news event is available here: http://www.hastingsgroupmedia.com/psr/052009Thomastelenewsevent.wma "

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