Slashdot Mirror


Nation's Biggest Nuclear Firm Makes a Play For Carbon Credit Cash

tomhath writes with this story that may shake up the nuclear industry. "The biggest player in the beleaguered nuclear power industry wants a place alongside solar, wind and hydroelectric power collecting extra money for producing carbon-free electricity. Exelon Corp., operator of the largest fleet of U.S. nuclear plants, says it could have to close three of them if Illinois rejects the company's pitch to let it recoup more from consumers since the plants do not produce greenhouse gases. Exelon and other around-the-clock plants sometimes take losses when wind turbines produce too much electricity for the system. Under the system, electric suppliers would have to buy credits from carbon-free energy producers. Exelon says the plan would benefit nuclear plants, hydroelectric dams, and other solar and wind projects."

39 of 227 comments (clear)

  1. And why not? by daveschroeder · · Score: 4, Insightful

    Considering that nuclear power is the safest form of power the world has ever known, I'd say it's worthy of recognition for offsetting carbon more than anything else. To borrow a phrase, "It's the energy density, stupid."

    There's a reason why China has 30 nuclear plants under construction, while the US just approved its first new plant in 30 years.

    1. Re:And why not? by Anonymous Coward · · Score: 2, Interesting

      I wonder how quickly NIMBY becomes IMBY if electricity were actually provided free for the people and properties and businesses near the plant.

    2. Re:And why not? by Anonymous Coward · · Score: 2, Interesting

      There's a reason why China has 30 nuclear plants under construction, while the US just approved its first new plant in 30 years.

      China's corporate masters are production-oriented, while in the US wealth extraction has already taken over?

    3. Re:And why not? by Gavagai80 · · Score: 3, Interesting

      In case you're serious, nuclear plants are not capable of exploding into atomic bombs. And they're not really a partisan issue, lots of liberals like them, myself included.

      --
      This space intentionally left blank
    4. Re:And why not? by quenda · · Score: 3, Insightful

      when it goes wrong it renders a large area of land uninhabitable,

      When a hydroelectric scheme goes right, it renders a large area of land uninhabitable.
      China's Three Gorges covers 1000 km2 and displaced over a million people. And if anything goes horribly wrong, ...

    5. Re:And why not? by atherophage · · Score: 3, Informative

      Even if we give the nuclear industry a pass on the problems/issues with radioactive waste disposal a tremendous amount of carbon is expended in the mining/refining and transportation of the nuclear fuel. This carbon foot print seems to be forgotten; it can because the location of the uranium ore is not a consideration for siting the reactor: out of site out of mind. Hydro electric dams and wind turbines also have an initial carbon load. However once the dam or turbine is built only maintenance is required, not on going fueling, however small it may be.

    6. Re:And why not? by rtb61 · · Score: 2

      Their is nothing wrong with nuclear power however there is something wrong with major corporations, they are all broken. Myopic focus on short term profits with a total disregard for consequences. Repeated failure by governments to prosecute corporate executives not some times but by far most of the time to the extent of having failed to prosecute culpable individuals thousands upon thousands of times. Nuclear power but government owned and controlled and publicly audited, definitely not in the hands of deregulate everything now, profits this quarter only and golden parachutes for the top executives for inevitable failures their psychopathic attitudes create.

      When a corporate executives decisions kill then they should be facing extended imprisonment and confiscation of assets to pay for damages.

      --
      Chaos - everything, everywhere, everywhen
    7. Re:And why not? by CrimsonAvenger · · Score: 4, Interesting

      Safe until it kills millions when a plant blows up.

      Unlike, say, coal, which kills millions under normal operations, right?

      Or didn't you know that routine coal-mining fatalities are a couple of orders of magnitude more numerous than all fatalities associated with nuclear power? Hell, coal mining fatalities in the 20th century in the USA ALONE were comparable to the death-toll from the Hiroshima and Nagasaki bombings.

      And then there's the rest of the world's coal mining casualties, plus secondary effects from the pollution.

      And never mind that nuclear plants don't "blow up". Unless you fill them up with TNT and set it off, of course.

      --

      "I do not agree with what you say, but I will defend to the death your right to say it"
    8. Re:And why not? by MightyMartian · · Score: 3, Insightful

      Safe except for the byproducts, which are most definitely not safe. I'm not an opponent of nuclear, but it's ludicrous to claim that it is safer than, say, geothermal or solar.

      --
      The world's burning. Moped Jesus spotted on I50. Details at 11.
    9. Re:And why not? by quenda · · Score: 2

      Difference is, the flood wont be around in a few thousand years.

      Wrong. The Fukushima exclusion zone will be gone long before the dam, let alone a thousand years. Thats pure propaganda. The most active isotopes are long gone now, leaving caesium-137 with a 30-year half life.
      That will affect the area for centuries, but not so much as you think.

      Chernobyl even, is only "uninhabitable" by law. Hundreds live there illegally, and no-one has developed a 3rd eye or superpowers yet. Background levels are getting low (less than on a commercial flight), though hot-spots remain.

    10. Re:And why not? by Goetterdaemmerung · · Score: 2

      When a hydroelectric scheme goes right, it renders a large area of land uninhabitable.

      When it goes wrong, it renders a different large area of land uninhabitable.

      Still, when done right, better than a lot of other options.

      Nuclear is better than a lot of other options (possibly all options), when done right. Unfortunately due to regulations, we aren't making reactors with less nasty waste. Unfortunately due to a small number of old reactor failures we aren't replacing them with new, safer ones.

      Nuclear has the deck shuffled completely against it on all sides. I don't think it will survive - at least in the US and any other country that the US opposes.

    11. Re:And why not? by tp1024 · · Score: 3, Informative

      The Three Gorges Dam isn't primarily a hydroelectric scheme. It's primary purpose is to protect the lower parts of the Jangtze river from flooding, which has regularly affected some 10-20 mio people.

      But you could say the same about lignite or other coal strip-mines. Lignite mining in Germany has stripped some 1500km^2 so far and is still ongoing.

    12. Re:And why not? by Will.Woodhull · · Score: 2

      Well, the problem is not in the current reactor designs. Those are as good as it gets.

      The problem is in the reactor designers who consistently fail to recognize that the humans who implement the designs are completely faulty material. Humans screw up. Every reactor failure that has ever occurred is because humans screwed up. There is no possible way any of today's nuclear reactor designs can be made safe, because the ingenuity with which humans can screw up is astronomical while the designs of safety mechanisms are necessarily more finite.

      I would like to hear more about thorium reactors. But India is working on those and here in the USA there is a tremendous NIH problem. Which is another form of humans screwing up.

      --
      Will
    13. Re:And why not? by rtb61 · · Score: 2

      Now exactly how fucking long would the list of failed corporations be. How long would the list of corporate prosecutions be. Government fails sometimes, corporations always inevitably fail. I rather take maybe over the certainty. PS governments tend only to fail when they are corruptly controlled by, you guessed it, private interests and cease to represent the majority.

      CORPORATIONS ALWAYS FAIL.

      --
      Chaos - everything, everywhere, everywhen
    14. Re:And why not? by tsotha · · Score: 2

      Well, the problem is not in the current reactor designs. Those are as good as it gets.

      I'm not sure how you can make a statement like this. Are you saying there's no room for improvement?

      I would like to hear more about thorium reactors. But India is working on those and here in the USA there is a tremendous NIH problem.

      I see no evidence this is true. The reason we don't get newer designs in the US is purely regulatory - it would cost billions to certify a new reactor technology, so companies find it cheaper to just build another copy of the last one that got through the regulatory process.

    15. Re:And why not? by garyisabusyguy · · Score: 4, Insightful

      Suspicion just requires that I see things that make me suspicious

      Greenpeace claims to advocate for the environment
      CO2 presents a huge threat to the environment
      Nuclear power offers a way to maintain a baseline power supply without creating CO2
      Greenpeace constantly works against the building of nuclear power plants
      When one of the founders of Greenpeace spoke out about the advantages of nuclear power not creating CO2, they removed him from the organization
      Nuclear power represents a threat to the fossil fuel industry's position as the primary baseline power supplier
      By fighting nuclear power through lawsuits, Greenpeace makes it more likely that we will continue to use fossil fuels, even though they are causing damage to the environment by releasing CO2

      There is nothing slanderous about stating the facts that present themselves
      If I want to say that it makes me suspicious, then that is my right

      --
      Wherever You Go, There You Are
    16. Re:And why not? by AmiMoJo · · Score: 2

      Actually nuclear has around a 1.3% catastrophic failure rate. Of around 450 commercial reactors built, 6 have gone into meltdown. If you include other serious failures that number is even higher.

      When the cost of a catastrophic failure is so high a 1.3% failure rate is unacceptable. The only reason people are still willing to even consider investing in it is that when things do go wrong the government always picks up the tab.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    17. Re:And why not? by LWATCDR · · Score: 2

      Bzzzzz.....
      Wrong answer.
      It is not and Studies by NASA and the UN both support a large increase in nuclear power to reduce pollution in general as well as carbon emissions as does one of the founders of Greenpeace.
      http://en.wikipedia.org/wiki/P...
      Of course Greenpeace says he is a paid toady of the nuclear industry.... Vilification of those that disagree with you is the first rule of propaganda.

      --
      See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
    18. Re:And why not? by Maury+Markowitz · · Score: 3, Informative

      > There's a reason why China has 30 nuclear plants under construction

      They don't. They have 22 under construction, where "under construction" is something from "we have the signed paperwork" to "we're putting in the switchyard".

      And the reason is widely recorded - they wanted to put their coal plants out of business because they're poisoning everyone. Of course a nuclear plant doesn't really compete with coal economically (few things do) so to do this the plan was giving the plants free money and cheap fuel. If this were true here, the same would be happening.

      However, as the cost of wind and solar plummeted, these plans are rapidly changing. The plans used to be based on a 400+GWe nuclear buildout by 2050, but these have been scaled back to 60GW with another 30 at the outside. Meanwhile, wind power has already reached 115GW at the end of 2014, more than the nuclear plants. Current install rates for wind are far greater than the peak installation rate for nuclear would have been even at the highest end of the original projections. Since 2012, much of the planned nuclear capacity of the earlier plans has been moved to wind. Gansu alone is expected to grow to a staggering 20 GW.

      Read all about it:

      http://www.world-nuclear.org/info/Country-Profiles/Countries-A-F/China--Nuclear-Power/
      https://en.wikipedia.org/wiki/Wind_power_in_China
      http://www.bbc.com/news/science-environment-25623400

    19. Re:And why not? by rioki · · Score: 2

      Some are and some are not... Most of the Chernobyl exclusion zone now has less radiation than natural radiation occurring in the Black Forest. Many species thrive; with comparable life spans and no significant anomalies, these are especially larger multi-celled organisms. Some organisms that have few anti-oxidants; especially some annual flowers and Bactria don't fare quite so well.

      You must take into account tow issues, first the high radiation environment killed many organisms; especially single celled organisms. This has caused oddities, such as the Red Forest, where almost not decay is happening, because the bacteria and small organisms where all killed off by the radiation. This is still the case, because it takes time for Bacteria and small organisms to repopulate the area. (And they are still partially dying of mild radiation.) The second issue is, that because the the amount of anti-oxidants in the organism determines if it will thrive or not in mild radiation. it has brought the ecosystem somewhat out of kilter. Some ecological niches are not or only badly accounted for and this creates the situation that some organisms could survive the mild radiation, but can't because their dependent niches are empty.

    20. Re:And why not? by MachineShedFred · · Score: 2

      They don't think that far ahead in the logic.

      It's purely "Nuclear = bad. Coal = bad. Hydro = bad." and that's the end of it.

      --
      Slashdot still doesnâ(TM)t support Unicode after it was added to the HTML standard in 1997.
    21. Re:And why not? by LWATCDR · · Score: 2

      http://blogs.scientificamerica...

      http://www.bloomberg.com/news/...

        I don't know if that is GP's objections but they are pretty good reasons to think radio isotopes are a threat to the environment and ultimately, humanity.

      Not if dealt with correctly.
      The spent fuel can be recycled. The short lived radio isotopes do not need to be stored very long. The medium waste goes back to fuel. The low level is close to background.

      "Newer" reactor designs like the LFTR and I use new only in the sense that the prototype was built and tested about 40 years ago but not put into production. Produce a lot less waste and are walk away safe.

      "And speaking of vilification, that is what happened to the peer reviewed science [stormsmith.nl] regarding the energetic return of the nuclear industry"
      Um... What journal was that published? Who reviewed that? All I see is a website that seems to be dedicated to anti-nuclear. Some of the reports listed at the end are in journals.

      --
      See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
  2. Re:Full benefits & Full responsibility by Anonymous Coward · · Score: 5, Insightful

    Okay so then we will also do the same for all the radioactive impurities in coal power too. I mean burning it and letting spread across the land is just fine. How about the coal ask ponds that are already busting and polluting water and land.

    You don't want to pay the full cost of the power you use. You are just happy to ignore the costs while pointing at nuclear and saying look at all that toxic waste. Except the amount is miniscule compared to traditional power sources. The problem is all the FUD related to nuclear power prevents and one from even considering to build a safe disposal location. Doesn't matter if it is 100 miles from anyone people still don't want THAT waste there. They are happy to have fraking fluids in their water and coal ash in their rivers, but forget putting that radioactive waste inside a mountain a 100 miles from me.

  3. Well, well, well, taking about safety... by Anonymous Coward · · Score: 2, Interesting

    ...what is very little recognized worldwide, is that nuclear energy gets a free lunch at the expense of the taxpayers, as regards risk insurance.
    It is the most damned uninsured thing in developed countries and when one of these plants goes bust, you know what happens, ref. Fukusima.
    If nuclear industry wishes to operate on-par terms with other forms of green technologies, please, bring the actuarial scientists in, to do all the math!

    For the record, I am not against nuclear energy as a source of energy per se, however its use is not entirely rationalized on the basis of risk and cost to handle it.
    Try to imagine what's the insurance cost of Catenom plant in north east France and add it in the operational costs and you will get the idea.
    And this is before discussing about the overall lifetime (gasp) risks with spent nuclear fuel etc.

    1. Re:Well, well, well, taking about safety... by Firethorn · · Score: 3, Informative

      ...what is very little recognized worldwide, is that nuclear energy gets a free lunch at the expense of the taxpayers, as regards risk insurance.

      How many other industries have more than $12B in insurance before the government will step in?

      I mean, there's no other industry that could cause that much damage in a single incident, is there?

      It is the most damned uninsured thing in developed countries and when one of these plants goes bust, you know what happens, ref. Fukusima.

      Yeah, we're up to 2 busted nuclear plants in the whole world. All of them were old as hell plants, newer plants survived just fine, and realistically speaking we're being paranoid about the radiation.

      If nuclear industry wishes to operate on-par terms with other forms of green technologies, please, bring the actuarial scientists in, to do all the math!

      They have. It has even fewer deaths per TWh, including Chernobyl and Fukushima, than solar & wind

      --
      I don't read AC A human right
    2. Re:Well, well, well, taking about safety... by DerekLyons · · Score: 2

      Yeah, we're up to 2 busted nuclear plants in the whole world.

      Chernobyl, Fukishima, Windscale, Three Mile Island, Fermi... that's 5sites just off the top of my head. We've only had two major accidents - but enough serious incidents and close misses that only a fool would talk about how having only two "busted"plants is proof of anything.

    3. Re:Well, well, well, taking about safety... by Firethorn · · Score: 2

      only a fool would talk about how having only two "busted"plants is proof of anything.

      And only somebody who hasn't taken statistics can say this. The accident rate for nuclear plants is extremely low, and we can do better. For example, did you know that the Fukushima plant predates both the TMI and Chernobyl plants? Modern plants would be much safer.

      TMI - no significant radiation release.
      Windscale - google shows that it wasn't a power plant, but a nuclear weapon generation facility.
      Fermi - No significant radiation release.

      I'll take nuclear power, even with it's risks, over coal, oil, and gas any day. Solar and wind can't cover 100% otherwise. My 'ideal' non-carbon mix for electricity generation is ~40% nuclear, 20% solar, 20% wind, and 20% other(hydro, geothermal, biomass, etc...)

      --
      I don't read AC A human right
    4. Re:Well, well, well, taking about safety... by angel'o'sphere · · Score: 2

      12billion?
      You are kidding? But your stance on radiation panic clearly shows you are an idiot, and not kidding.

      Read this: http://www.bloomberg.com/news/...

      Or this: http://www.psr.org/environment...

      And try some of the links provided in the article ...

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
    5. Re:Well, well, well, taking about safety... by AmiMoJo · · Score: 2

      How many other industries have more than $12B in insurance before the government will step in?

      I mean, there's no other industry that could cause that much damage in a single incident, is there?

      You are just defeating your own argument there. Why should nuclear be so heavily subsidised and not be liable for the massive costs that oil is? If BP can be on the hook for $43bn why can't nuclear? It's because the maximum cost is actually an order of magnitude or two more than $43bn, and the government set the rate a long time ago and never changed it.

      If all the subsidies were cut I'd be happy, because no-one would build any more nuclear plants anyway.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
  4. Re:Full benefits & Full responsibility by pubwvj · · Score: 3, Insightful

    Rather the point. If they want to claim the special benefit credits they need to take full responsibility along with it.

  5. He's just trolling by rsilvergun · · Score: 4, Insightful

    it's easy to spot since he calls one of the political party's out by name. There's still some weight to the NIMBY folks though. The trouble with nuclear, at least in America, is that it's damn near impossible to keep it safe. Sooner or later some venture capital firm notices how much money's being spent on safety and moves in with promises of "efficiency", takes over the plant operation and starts cutting back. That's really what the NIMBY crowd worries about, they're just not allowed to talk about it because those same venture capitalists are our ruling class. It's pretty much the same thing that happened in Japan. They knew the plants weren't safe but didn't want to spend the money. Big disaster, lots will die of cancers and the like, but nobody important go in trouble.

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
    1. Re:He's just trolling by AmiMoJo · · Score: 2

      It's actually worse than that. The nuclear industry basically owns the regulator. Barack Obama, when running for president in 2007, said that the NRC had become "captive of the industries that it regulates". Entergy lied under oath about the existence of pipes leaking contaminated material under the Vermont Yankee station, which the NRC claims they didn't even know were there.

      Most damning of all the NRC has been used to help sell US technology to other countries. Since their job is to find flaws in that technology it seems like a conflict of interest to also be the salesman for it.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
  6. Re:Full benefits & Full responsibility by Tailhook · · Score: 4, Insightful

    Payment in advance please.

    Already paid, at least in the US. The US has been accumulating funds via taxes to do exactly as you demand since early days of Nuclear power. The nuclear industry, it's rate payers and their governments have already set the precedent you demand and paid the taxes you demand.

    Nuclear waste is not a finance problem or a physics problem. It's a political problem, and the political problem comes from hysterical, low-information anti-nooks coupled with anti-energy, anti-prosperity libtards.

    --
    Maw! Fire up the karma burner!
  7. Carbon Neutral? by MrKaos · · Score: 2, Insightful

    It's ludicrous for the Nuclear Industry to call itself carbon neutral when tens of thousands of tons of ore has to be crushed and refined with carbon based energy sources. The enrichment of the fuel at the Paducah Gaseous Diffusion Plant uses two brown coal power plants to run it. Then there is the massive cabon sink from the concrete to build the thing in the first place.

    Even after that you have the CFC114 from the enrichment process which the EPA reports as the single largest contributor of greenhouse gasses. In all they are bogus claims suggesting the Nuclear industry is "carbon-free" because clearly it is not.

    --
    My ism, it's full of beliefs.
    1. Re:Carbon Neutral? by Anonymous Coward · · Score: 4, Informative

      Solar and wind use far more natural resources. Steel, concrete, and even rare metals like neodymium and silver are used in huge quantities. Furthermore, coal is required for the production of concrete and steel.

      Way to cherry pick the most energy inefficient and obsolete uranium separation process. "The gaseous diffusion process consumes about 2500 kWh (9000 MJ) per SWU, while modern gas centrifuge plants require only about 50 kWh (180 MJ) per SWU." So, a factor of 50 more energy intensive, to say nothing of upcoming laser enrichment.

      Next generation reactors like the LFTR won't even require enrichment, nor any extra mining at all. Thorium is a free by-product of rare-earth mining.

  8. Re:Full benefits & Full responsibility by dbIII · · Score: 2

    I mean burning it and letting spread across the land is just fine. How about the coal ask ponds

    You've already answered that the ash is not spread around the land with the mention of those ash ponds (dams really, since they are not small).

    Alex Gabbard's stupid "but coal ash is nuclear waste too so why restrict nuclear waste" propaganda is still doing damage to minds. I suggest finding the numbers for the most radioactive coal on the planet and calculating how many hundreds of thousands of tons you need of it to get a banana dose to correct the mental damage.
    Coal use has a lot of problems, many of which kill people, so I suggest focusing on what is real instead of failed 1970s nuclear propaganda from a guy mostly known by his NASCAR books.

  9. Re:Full benefits & Full responsibility by dbIII · · Score: 2

    I suggest you look at the Harford web site to learn about turning waste back into fuel to get a bit more of an understanding of the situation. Steel pipes that have been exposed to enough neutrons to become radioactive themselves are not something you want near people for example - by volume the vast majority of nuclear waste is not fuel rods.
    Oversimplifying the situation into "it can all be used as fuel" is counterproductive if you want to see any of it used as fuel.

  10. Fukushima and Chernobyl not worse case failures by WolfWithoutAClause · · Score: 3, Insightful

    In Japan, they found at one point that there was a possibility of it *seriously* going to hell in a hand basket.

    If the wind had been really wrong, it would have put serious fallout over Tokyo; which would have been really, really, really bad. While few people would have died, the economic disruption would have been (without any hyperbole) unbelievably stupendous.

    http://world.time.com/2012/02/...

    You can tell me all you want that this kind of accident can never happen, but I just don't believe it. We have no reason to think that Chernobyl or Fukushima were the worse cases, nor that these kinds of failures cannot happen again worse.

    --

    -WolfWithoutAClause

    "Gravity is only a theory, not a fact!"
    1. Re:Fukushima and Chernobyl not worse case failures by thegarbz · · Score: 2

      Of course they are a very real risk. We have built up an industry now which has abandoned all investment for the past 40 years. You can never eliminate all risk but risk itself is a combination of hazard and consequence, and the hazard takes into account likelihood. The consequence has remained the same, the hazard is greatly reduced, and if you want to talk about worst case you must live in a very special city if there isn't something in the area which could kill you right now.

      For instance I live in a city which is completely set in its NIMBY ways, but is perfectly happy to entertain the existence of refineries and chemical plants processing large amounts of ammonia and hydroelectric acid where the "worst case" modelling could kill 50000 people, and that from an industry that most cities have within their border in reasonably close proximity to either their business centre or their trade centres.

      But by effectively scaring ourselves away from investment in nuclear we have an entire industry that is the equivalent of a 1960s Impala driving down the highway at 70mph with no seatbelts, airbags, or crumple zones, just waiting to brutally kill all occupants whenever something goes slightly wrong.