In the better late than never department, a nuclear reactor for which construction started four decades ago now has plans to be in revenue service by December 2015
The Tennessee Valley Authority (TVA) says unit 2 at its Watts Bar site will be finished and generating electricity by the end of this year. TVA President Bill Johnson said the work at the reactor is on schedule, within budget, and “will be the first US nuclear reactor to come online in the 21st century.”
Functional testing will begin this summer. Fuel will be loaded into the 1100 MW PWR type reactor at the same time.
According to Johnson, since work was restarted in 2009, the utility has committed about $4.2 billion to finish it. Of that amount about $1 billion will be spent this year. Three years ago work was halted when construction costs, originally estimated at $2.5 billion, threatened to spiral out of control. TVA revamped the project including changes in top management and with its contractors.
Work originally began at the Watts Bar site in 1974, but work on unit 2 was halted in 1988 for a number of reasons including safety issues related to construction methods used at the time. Unit 1 was completed in 1996 at a cost of over $6 billion.
TVA is not for sale
The Obama administration has dropped plans to include in its budget for 2016 a plan to sell off parts or all of the TVA’s generating capacity to reduce its debts. The utility has a debt of $25 billion which is well below the congressional ceiling of $30 billion.
The federal Office of Management & Budget, which is the home for ridiculous whig bubbles like selling TVA, said that it has completed a review of the utility’s finances and concludes that it isn’t a risk to the taxpayer.
In the past 24 months the utility says it has cut $500 million from its budget and reduced its head count by 2,000 positions and closed nearly two dozen older coal fired power plants that were inefficient polluters. It deferred work to complete one of the half finished Bellefonte nuclear reactors until it completes work on Watts Bar II.
Sen. Lamar Alexander, R-TN, expressed relief that the proposal has been set aside. He told local news media he’s glad that President Obama “has abandoned his ill-advised proposal to sell TVA.”
This is a smart move by the Obama White House since Alexander is now the chairman of the Senate committee that will fund energy programs the president wants to combat global warming.
Lamar Alexander’s Six Point Plan for Nuclear Energy
Tennessee Republican Sen. Lamar Alexander, chairman of the Energy and Water Appropriations Subcommittee, said this week in a major speech on nuclear energy that he has a six point plan to revive it in the U.S.
It includes one of his all time famous sound bytes about the follies of promoting wind power for base load demand. Here are the highlights.
1) Build more nuclear reactors – Alexander has previous proposed that we build 100 new reactors. He points out the Center for Strategic and International Studies says up to 25 of our 99 nuclear reactors could close by 2020.
2) Solve the nuclear waste stalemate – Alexander wants to solve the 25-year-old stalemate on what to do with spent fuel by opening Yucca Mountain.
3) Relieve the burdens of excessive regulation – Alexander says he wants nuclear power to be safe, but the government should not to make it so hard and so expensive to build and operate reactors that you can’t do it.
4) Stop picking winners and losers – “We need to end policies that pick winners and losers in the marketplace, the most conspicuous example of which is the wasteful wind production tax credit. Relying on wind when nuclear plants are available is the equivalent of going to war in sailboats when nuclear ships are available.”
5) Double energy research – “An example is the work being done on small reactors, which would allow nuclear power to be produced without as high of capital investment and to be accessible in more places.”
6) Encourage energy diversity – “Historically, natural gas prices have a way of going up and down, sometimes abruptly, and experienced utility managers generally prefer more than one way of producing reliable, base-load power. This is yet another reason why we need nuclear energy to be a major part of how we power our 21st-century economy.”
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Senator Alexander has common sense.