Laptop Battery A consortium of energy companies, including Chicago-based Exelon Corp., is laying the groundwork for building the nation's first nuclear power plant since the Three Mile Island accident erased public interest in atomic energy 25 years ago.
Tony Blair has said that a mix of both sustainable and nuclear power is needed to help meet the UK's future energy needs.
Thinkpad Company officials noted that there is no commitment to build any plants, estimated to cost billions of dollars. But they said they want to be prepared for what they believe will be the almost inevitable need for new nuclear power to maintain the nation's energy supply.
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Microsoft Increasing demand for low-cost electricity and the desire to reduce reliance on imported fuels may improve prospects for new nuclear plants. Those forces already have led to proposals for 105 new coal plants, including 10 in Illinois, as well as wind energy and solar power projects.
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Laptop Computers "To protect consumers against spiking energy prices and for our own national security, we need to maintain fuel diversity in the energy industry," said Chris Crane, chief executive of Exelon Nuclear, an Exelon unit.
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Laptop Computer "We are trying to have the pieces ready, but not to make a commitment to the plant before the economics are very powerful and before public support is very clear for a new nuclear plant," John Rowe, Exelon's chairman and chief executive, said in an interview Wednesday.
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Desktop Computer The consortium's goal is to develop the application for an operating and construction license, with the Department of Energy sharing application costs as a 50/50 partner, the group said in a news release.
Notebooks "We don't want to spend the money ourselves," Rowe said. "The belief is that if there were a first class of new nuclear plants, it would require a lot of development money with no near-term return for shareholders."
Lenovo The consortium intends to submit its proposal by 2008 and obtain a decision from the Nuclear Regulatory Commission by 2010.
Hard Drive Three companies, including Exelon, have applied for early site permits to locate a new plant. However, the site for the consortium's plant has not been selected. That site selection is a key factor in determining the cost of the project.
Travelstar No nuclear plant has obtained a construction license since 1978.
Gateway Exelon's request to site a new reactor at its Clinton nuclear generating station is under review by the NRC, and could be approved by 2005. The site permit would be good for 20 years and could be renewed for another 20 years.
Laptop Parts Exelon is the nation's largest operator of nuclear power plants, with 17 reactors.
Software In addition to Exelon, the utility operating members of the consortium include New Orleans-based Entergy Corp., the country's second-largest nuclear plant operator; Baltimore-based Constellation Energy Group; Atlanta-based Southern Co.; and France's national electric company, Electricite de France.
Hard Drives Each company in the consortium will pay $6 million in cash--primarily to be used for preparing the application and project planning--and provide $1 million in in-kind administrative services.
Electronics By joining forces, consortium members hope to test the government's new streamlined process for obtaining licenses.
Canon Rounding out the consortium are two manufacturers of advanced light water nuclear reactors: Westinghouse Electric Co., of Pittsburgh, and GE Energy's nuclear unit, based in Wilmington, N.C.
Desktop Pc The application will contain detailed design and engineering plans for the new reactor, allowing the companies to determine costs for the plant with a higher degree of accuracy than was possible when the existing nuclear plants were built.
Desktop Computers The next generation of nuclear plants is expected to be standardized and based on passive safety designs. For example, some components will rely on gravity, rather than motors and pumps, to operate, said Craig Nesbit, a spokesman for Exelon Nuclear.
Think Pad "Right now, if you look at the nation's fleet of 103 nuclear plants, they are customized," Nesbit said. "They all have their own engineering and are unique from the ground up."
Repair Gary Taylor, Entergy Nuclear's president and chief nuclear officer, said: "Advanced nuclear plants offer a promising potential--passive safety designs, stable fuel prices, lower production costs than other fuels used to generate electricity and a very low environmental impact."
Data Recovery Nuclear power plants face lots of barriers.
Cisco "We don't believe it will ever become economical for them to do so, but you can't fault them for keeping the option open as long as possible," said David Lochbaum, a nuclear safety engineer with the Union of Concerned Scientists.
Keyboard Another stumbling block, at least in the Midwest, is that there is no immediate need for new base-load power plants, said Rowe, Exelon's chairman.
Monitor And Congress has yet to approve a site for radioactive waste disposal from nuclear power plants. Radioactive waste is currently stored at plant sites.
Desktop Of course, nuclear power still faces negative public perceptions.
Infosys The consortium announced its plans three days after the 25th anniversary of the Three Mile Island nuclear plant accident.
Refurbished Laptops Exelon now owns the plant, near Harrisburg, Pa. On March 28, 1979, when the Three Mile Island reactor overheated, it became the site of the most serious accident in U.S. commercial nuclear power plant operating history. However, it led to no deaths or injuries.
Wipro Still, the accident led to sweeping changes in nuclear emergency response planning, radiation protection and oversight.
Lap Top By Melita Marie Garza
Chicago Tribune - 4/1/2004
Topic: Nuclear
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