No New Glow in Texas After All...Yet

I was wondering how the ordering got ahead of the licensing. Evidently, it hasn't.

Editors: Please note that BC-AS-TEC--Japan-Nuclear Reactors-TXU, 1st Ld-Writethru makes an important correction. - AP

"TXU Corp. did not order reactors from Mitsubishi Heavy Industries. Rather, TXU selected Mitsubishi Heavy reactor technology for use at one of its power plants."

Order book to open for nuclear plants Contracts for new generating stations could be a year away. - AP - 15 Mar 07

"Energy companies could be as close as a year away from ordering the first new nuclear reactors to be built in the United States since the 1970s, industry officials said Wednesday. The assessment came after TXU Corp. and Japan's Mitsubishi Heavy Industries reached a nonbinding deal under which TXU would use the Japanese company's design for up to three potential nuclear reactors in Texas."

--

"Mike Worms, an analyst with BMO Capital Markets, said the construction costs for nuclear plants are so huge, and the regulatory timetable so uncertain, that many companies will be very cautious before committing to build.

''You're talking about an enormous amount in terms of cost,'' Worms said, citing soaring prices for construction materials. ''I don't think we have an idea of what the cost of a nuclear plant is going to be.''"

No New Glow in Texas After All...Yet

I was wondering how the ordering got ahead of the licensing. Evidently, it hasn't.

Editors: Please note that BC-AS-TEC--Japan-Nuclear Reactors-TXU, 1st Ld-Writethru makes an important correction. - AP

"TXU Corp. did not order reactors from Mitsubishi Heavy Industries. Rather, TXU selected Mitsubishi Heavy reactor technology for use at one of its power plants."

Order book to open for nuclear plants Contracts for new generating stations could be a year away. - AP - 15 Mar 07

"Energy companies could be as close as a year away from ordering the first new nuclear reactors to be built in the United States since the 1970s, industry officials said Wednesday. The assessment came after TXU Corp. and Japan's Mitsubishi Heavy Industries reached a nonbinding deal under which TXU would use the Japanese company's design for up to three potential nuclear reactors in Texas."

--

"Mike Worms, an analyst with BMO Capital Markets, said the construction costs for nuclear plants are so huge, and the regulatory timetable so uncertain, that many companies will be very cautious before committing to build.

''You're talking about an enormous amount in terms of cost,'' Worms said, citing soaring prices for construction materials. ''I don't think we have an idea of what the cost of a nuclear plant is going to be.''"

Big, Really Big. I Doerr You.

Silicon Valley venture capital on the clue train...

Silicon Valley leaders: Political climate right for 'green tech' - San Jose Mercury News - 15 Mar 07

"While the corporate leaders exuded optimism, Doerr had a warning for those who often equate the global campaign for clean energy and emissions reductions with the Apollo program to land a human on the moon, or the Manhattan Project that created the atomic bomb.

Such comparisons 'fail to capture the magnitude of what we face,' Doerr said. 'This cuts across all human behavior. This is like re-industrializing the whole planet.'"

Big, Really Big. I Doerr You.

Silicon Valley venture capital on the clue train...

Silicon Valley leaders: Political climate right for 'green tech' - San Jose Mercury News - 15 Mar 07

"While the corporate leaders exuded optimism, Doerr had a warning for those who often equate the global campaign for clean energy and emissions reductions with the Apollo program to land a human on the moon, or the Manhattan Project that created the atomic bomb.

Such comparisons 'fail to capture the magnitude of what we face,' Doerr said. 'This cuts across all human behavior. This is like re-industrializing the whole planet.'"