Exelon CEO John Rowe on Friday said his company won't be building new nuclear plants

[bananas]

Exelon CEO says company will focus on nuke upgrades, transmission

Washington (Platts)--24Jul2009

Exelon CEO John Rowe on Friday said his company won't be building new
nuclear plants, believing that increasing the capacity of units in its
existing fleet is a much better value.

Rowe's statement comes after the company on June 30 said it was
postponing indefinitely plans to build a new nuclear plant in Victoria County,
Texas, after it was not selected as a finalist for the US Department of
Energy's first round of loan guarantees.

Rowe has consistently said that, given the high capital cost of the
project, DOE loan guarantees would be "imperative" for Exelon to move ahead
with new nuclear build.

On Friday, in the company's second-quarter earnings conference call, Rowe
said uprates for nuclear plants cost about half as much as it would to build a
new plant and that the execution risk was "substantially lower." He said the
company had added the equivalent of a new plant through uprates over the past
decade.

<snip>

Amory Lovins is proven right again: efficiency improvements are much cheaper than building new reactors.
When Rowe says the execution risk is "substantially lower", he's not kidding.
According to the Congressional Budget Office, the risk of default on new reactors is "very high - well above 50 percent."
Hard to find investors when they'd get better odds playing the roulette wheel in Vegas.

[Arctic Dave]

1. This why nnadir is back, he's out of a job. I'm sorry nnadir.

[NNadir]

3. Where, exactly, do you think I went?

To dumb fundie school?

In fact, if I were out of a job, I could certainly count on dumb fundie bourgeois brats to cheer for that fact, or suggest that I get a minimum wage job wiping dust covered solar thermal plants in Arizona.

But in fact, I work. I have worked my whole life, since I was sixteen both for fun and for profit.

I do, however, understand the mentality of people who consume without producing a single thing. I've been watching that type my whole life too.

[Arctic Dave]

4. I've missed your colorful personality. I guess we are on different time zones. :)

[NNadir]

5. Actually, I have been writing far less on websites.

I spend way too much time fighting ignorance and the same stupid assholes who come year after year after year announcing that solar has saved us, and "BREAKTHROUGH!!!!!!! For Saving My Consumer Car" for free and not enough developing my ideas for my own profit.

Most days I scan quite a bit of material, and read a fair amount on a deeper level. I would say that I have learned more in the last three years than I have learned in my entire life before that. God Bless the electronic scientific literature.

I still hold anti-science in contempt of course, and I still despise ignorance, but it's not like I can make ignorance go away. It's here to stay, I've decided, and one must merely do the best one can in little ways.

I mean it's not like you can really teach a dumb fundie who insists that um, for, um, instance that http://www.eia.doe.gov/cneaf/electricity/epm/table1_1.html">3,353,487 > 4,048,969 that maybe that, um, simple inequality is um, wrong, any more than one could have taught Jerry Fawell genetics. It's not like years and years and years and years and years and years of addressing these points has enabled EVEN ONE fundie anti-nuke to learn how to compare numbers.

Anyway, as for our relationship, I have to be honest here: I have no idea who you are.

I should really go to bed. I don't need this shit anymore.

[Javaman]

10. LOL you never ever fail to entertain!

You just gave me the biggest laugh today, thanks!!!

:)

[Name removed]

2. Deleted message

Message removed by moderator. Click here to review the message board rules.

[bananas]

8. Reagan followed the hard energy path, not the soft energy path

Lovins 1976 article compared two scenarios, which he called the hard energy path and the soft energy path.
Reagan sent us down the road of the hard energy path, with his cheap oil and pro-nuclear policies.

[Dogmudgeon]

6. It's interesting what gets snipped

"Cornew said price pressures and the weakness of the credit markets would put a damper on new transmission build. This in turn would lead to generators in the PJM Interconnection to consider reconnecting older coal-fired generation that have been taken offline or continuing to operate plants that may have been scheduled for retirement, Cornew said."

--d!

[phantom power]

7. Uprating existing nuke plants -- sounds good to me.

:thumbsup:

[bananas]

9. No new nuke plants -- sounds good to me.

It's a win-win!
:thumbsup: