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US Nuclear Comeback Stalls As Two Reactors Are Abandoned (theaustralian.com.au)

Brad Plumer reports via The New York Times (Warning: may be paywalled; alternate source): In a major blow to the future of nuclear power in the United States, two South Carolina utilities said on Monday that they would abandon two unfinished nuclear reactors in the state, putting an end to a project that was once expected to showcase advanced nuclear technology but has since been plagued by delays and cost overruns. The two reactors, which have cost the utilities roughly $9 billion, remain less than 40 percent built. The cancellation means there are just two new nuclear units being built in the country -- both in Georgia -- while more than a dozen older nuclear plants are being retired in the face of low natural gas prices. Originally scheduled to come online by 2018, the V.C. Summer nuclear project in South Carolina had been plagued by disputes with regulators and numerous construction problems. This year, utility officials estimated that the reactors would not begin generating electricity before 2021 and could cost as much as $25 billion -- more than twice the initial $11.5 billion estimate. The utilities also struggled with an energy landscape that had changed dramatically since the large reactors were proposed in 2007. Demand for electricity has plateaued nationwide as a result of major improvements in energy efficiency, weakening the case for massive new power plants. And a glut of cheap natural gas from the hydraulic fracturing boom has given states a low-cost energy alternative. Facing those pressures, the two owners of the project, South Carolina Electric & Gas and Santee Cooper, announced they would halt construction rather than saddle customers with additional costs.

28 of 389 comments (clear)

  1. Lost 2 out of three here as well - 1980 by Trax3001BBS · · Score: 4, Informative

            "At the beginning of the 1980s, only one of the five WPPSS plants was nearing completion. By this time, nuclear power had been reexamined and was found to not be as clean as was originally thought. Some cities boycotted nuclear power from the plants before the facilities were even up and running. The cost overruns reached the point where more than $24 billion would be required to complete the work, but recouping funds would be a tricky matter because of less-than-promising sales. Construction halted on all but the near-completed second plant; the first plant was once again being redesigned. WPPSS was forced to default on $2.25 billion worth of municipal bonds."

            http://money.cnn.com/2017/08/0...

    1. Re:Lost 2 out of three here as well - 1980 by Trax3001BBS · · Score: 4, Informative

              http://money.cnn.com/2017/08/0...

      Man talk of the wrong link, the first paste tried to take one to facebook Correct link: http://www.investopedia.com/as...

    2. Re:Lost 2 out of three here as well - 1980 by Anonymous Coward · · Score: 3, Insightful

      There were also many plants built for much less, and on schedule. They have been running reliably for 40 years and have produced more clean power than solar and wind will for a long, long time. Areas of the US with a lot of nuclear have historically also had the lowest rates. Unfortunately for nuclear, natural gas has become too cheap to compete with and there is no value in the market place on the reliability and emission free characteristics of nuclear.

      Our failure to build new nuclear come from a lack of commitment. Yes, huge first of a kind projects will have budget and schedule problems. But even the more expensive existing plants have paid for themselves several times over, and many are still running and can run for another 20+ years. Unfortunately the general public has been fed a steady diet of FUD from the O&G industry for so long that they have an army of followers to help spread it. Meanwhile, the average person is completely ignorant of the real risks in comparison to stuff they accept every day.

      So, like Germany, we will spend a shitload of money on the partial solution of solar and wind, and our overall CO2 emissions will not be significantly reduced. we will suffer a failure of will, insight, and commitment.

    3. Re:Lost 2 out of three here as well - 1980 by jbengt · · Score: 4, Informative

      Areas of the US with a lot of nuclear have historically also had the lowest rates.

      Not in my experience. Illinois has had some of the largest percent of electrical power as nuclear, but has had above average rates, for residential customers like me, at least.
      state-by-state rates
      state-by-state fuel types

    4. Re:Lost 2 out of three here as well - 1980 by The+Grim+Reefer · · Score: 4, Insightful

      Unfortunately for nuclear, natural gas has become too cheap to compete with and there is no value in the market place on the reliability and emission free characteristics of nuclear.

      The major problem is our shortsightedness. Nuclear plants take a long time to construct and operate for a long time as well. Natural gas prices can fluctuate a lot in the time it takes to plan, get approvals, and build a nuclear power plant, not to mention during it's operational time. Natural gas has traded for as low as $1.02 (1992) and as high as $15.39 (2005).

      The mean construction time for the 441 operational reactors from this time last year was 7.5 years. To be fair, 18 of those reactors were completed in 3 years, included 3 in the US. Argentina did it's best of offset this by taking 33 years to complete it's Atucha-2 reactor though. But this also doesn't take into account planning, zoning, approvals, etc. So ten plus years would not be an unreasonable estimate.

      If a company saw natural gas prices peak at $15 in 2005 and peak at $13 in 2008/09 they may have started planning to build a reactor. by the time they started construction, prices would have dropped to $4 for natural gas. So they panic and worry that prices will stay low as it's been below $4 since 2015. I would guess it's unlikely to stay that low, but we don't think long term in the US any longer. Everything seems to be what's happening this quarter.

    5. Re:Lost 2 out of three here as well - 1980 by mysticgoat · · Score: 4, Informative

      They have been running reliably for 40 years and have produced more clean power than solar and wind will for a long, long time.

      It is a horse barn truism that you cannot call the stable clean if for the last forty years you've been shovelling the manure into a stall rather than hauling it away. In the US spent fuel rods, the hottest type of nuclear waste, are stored in pools on site because so far there is no place to haul them to. Any knowledgeable prospective buyer of a horse ranch would want to see the costs of manure disposal show up in the accounting books and would turn away if told that there are no costs. But the nuclear industry doesn't track the costs of disposing of its waste, arguing that those costs belong to the future so we ain't going to account for them today.

      To come to the point, parent post is so much horse shit. It perpetuates the myths that nuclear power is clean and cheap, when in reality it is "clean" only in the sense that the industry is not yet doing the cleanup that has to be done sometime. Putting off costs until tomorrow is a cute accounting trick, but it doesn't reduce the total cost.

      In summary, to use the technical language of nuclear industry marketeers, the argument presented in parent post is so much horse shit.

  2. Watch Pandora's Promise by Alan+Evans · · Score: 5, Insightful

    The NRC needs an overhaul. Modern designs are very safe and emit less radioactivity than burning coal. People are needlessly scared. People perceive threat wrong. They fear terrorist attacks and nuclear meltdowns but don't even know that smoking, heart disease and driving are considerably more likely to kill them.

    1. Re:Watch Pandora's Promise by Kjella · · Score: 5, Insightful

      The NRC needs an overhaul. Modern designs are very safe and emit less radioactivity than burning coal. People are needlessly scared. People perceive threat wrong. They fear terrorist attacks and nuclear meltdowns but don't even know that smoking, heart disease and driving are considerably more likely to kill them.

      It's a control issue. With second hand smoke banned almost everywhere you're not very likely to die from it unless you're a smoker. And if you are a smoker, the consequences have been explained to you in great detail. Same with heart disease, the leading cause is obesity and it's no secret. People worry about being hit by drunk drivers, not so much their own mistakes. Terrorists and meltdowns are risks we can't easily manage or mitigate, they just exist. And I'm not sure I can fully rationally explain this, but stopping a murderer seems more important than stopping an accident even though they'll both cost a life. Maybe even if it's more than one. Something to do with everyone getting their fair chance at life, if lightning strikes so be it. But to have someone else take it away from you offends me on a whole other level.

      --
      Live today, because you never know what tomorrow brings
  3. Hmmm. They mention Westinghouse, but very late... by aslagle · · Score: 5, Insightful

    The prime factor in this decision, the bankruptcy of Westinghouse, isn't mentioned in the article until you get halfway through. I guess factors such as these don't really fit the narrative of "nuclear bad".

  4. Re: Boom by ShanghaiBill · · Score: 4, Interesting

    People are more than willing to pay more for energy sources that don't produce CO2.

    1. Many people are NOT willing to pay more, hence the election of our current president.
    2. The people that are willing to pay more don't have to, since wind is already cost-competitive with FF and solar will be soon.

    "Standardized" nukes like the AP1000 were supposed to lower construction costs and reduce maintenance. But so far they have NOT lowered costs, and appear to be worse in every way. There is no path forward for nukes in America, but to go with a complete redesign, and no one wants to pay the NRE for that.

    My prediction: Hinkley Point will also be cancelled before it goes live.

    Here is an alternative link since TFA is paywalled (at least for me).

  5. Re:Terrible news by uncqual · · Score: 4, Funny

    I'm so glad that we abandoned air travel after early deadly crashes showed how unsafe the technology was (really? people flying in heavier than air vehicles - absurd and obviously stupid).

    I'm sure some people who continued to dream of air transport claimed that the technology would only get better and safer. Perhaps some even made absurd claims such as "In less than one hundred years, we may see more than a five year span where no one died in a crash of a United States-certificated scheduled airline operating anywhere in the world" which, of course, would have been an absurd prediction. Fortunately, we largely ignored such idiots.

    --
    Why is there an "insightful" mod and why isn't it "-1"? If I wanted insight, I wouldn't be reading /.
  6. Re: Boom by William+Baric · · Score: 3, Insightful

    I'm not a progressive at all (I'm mostly far right), I don't hesitate to claim that I don't care about the little guy, but the same way I buy "free range" eggs, even if those eggs cost between 150% and 200% more than regular eggs for the exact same product, I would pay more for electricity coming from energy sources that produce less pollution.

  7. Nuclear power is expensive by peppepz · · Score: 3, Insightful

    I find it ironic that nuclear power supporters here get condescending and accuse everyone else of being anti-scientific and of living in a fantasy world, all while pointing at worldwide conspiracies in order to explain why no one invests in nuclear energy anymore, without accepting the more simple and realistic explanation that the energy source they believe to be cheap, safe and clean is neither cheap, nor safe, nor clean. It's always only a couple years away from becoming such, but its's not just there yet. And it has been so since the 80s.

    1. Re:Nuclear power is expensive by Afty0r · · Score: 3, Insightful

      the energy source they believe to be cheap, safe and clean is neither cheap, nor safe, nor clean

      Actually, it certainly is SAFE and CLEAN - but you're right that it's not cheap. Not until you take into account the cost of the CO2 emitted by LNG-burning plants which are what you get if you don't choose nuclear. Then suddenly they look real cheap.

      But no-one is taking that into account...

  8. Re: Boom by cheesybagel · · Score: 3, Interesting

    I'll give you one example of issues that happened in the US. Some of the metal alloys in the original specification weren't being manufactured anymore. So newer alloys had to be qualified, tested, and certified, this impact the schedule by months.

    It's a new construction so of course there are delays.

  9. Re:Hmm, where have I heard that before? by Uberbah · · Score: 5, Insightful

    This is by design. The left has seized this approach above all others to kill nuclear power plants.

    The same left that hasn't gotten a single policy past since Medicare/Medicaid since the 60's? Tthat couldn't get a Public Option through congress much less single payer? You're a complete idiot if you think the left has any power.

    They have networks of friendly lawyers who file bogus suits before amenable judges. They have friendly regulators that change the rules midstream. The effect is blah blah blah blah

    This is under the same government that DGAF about mass poisonings in leaded drinking water or DuPond runoff, that exports fracking to the world, and lets BP go on incompetently drilling of the coast after trying their best to run the Gulf of Mexico?

  10. Meanwhile in Russia... by Cyberax · · Score: 3, Insightful

    Meanwhile, Russia is building 7 reactors right now: https://www.iaea.org/PRIS/Worl... , and is collaborating with China. Russian nuclear export agency is also building reactors in Bangladesh and Thailand.

    Oh, but it's not all. Russia has the world's only power-generating fast-neutron reactor (BN-800) and is preparing to build the second generation (BN-1200) of this reactor type. All the while pursuing the revolutionary project of lead-cooled reactor (i.e. reactor cooled with molten lead as coolant) that will allow to achieve almost 100% closed loop within the territory of a power plant, including fuel reprocessing.

    Yep, US is way behind in nuclear technology, and it's entirely self-inflicted.

    1. Re:Meanwhile in Russia... by AmiMoJo · · Score: 4, Informative

      Russia has the world's only power-generating fast-neutron reactor (BN-800) and is preparing to build the second generation (BN-1200) of this reactor type.

      From Wikipedia:

      "In 2015, after several minor delays, problems at the recently completed BN-800 indicated a redesign was needed. Construction of the BN-1200 was put on "indefinite hold",[1] and Rosenergoatom has stated that no decision to continue will be made before 2019."

      That's why people aren't rushing to build these things. They are wonderful until someone notices that some unforeseen design flaw needs to be rectified, or some unforeseen stupidity mode comes to light, and suddenly it's delayed for a decade and billions are added to the price.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    2. Re:Meanwhile in Russia... by AmiMoJo · · Score: 3

      No, but it makes people think twice when the project could cost billions more than expected or be cancelled entirely.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
  11. Re:Hmmm. They mention Westinghouse, but very late. by Anonymous Coward · · Score: 3, Insightful

    The prime factor in this decision, the bankruptcy of Westinghouse, isn't mentioned in the article until you get halfway through. I guess factors such as these don't really fit the narrative of "nuclear bad".

    No, but it does fit the narrative of 'nuclear unprofitable and uneconomic, even with government backed insurance and no paying for cleanup at end of life'.

  12. Re: Boom by ShanghaiBill · · Score: 3, Interesting

    I'll give you one example of issues that happened in the US.

    Why was none of this foreseeable? Why wasn't it in the original quoted price? With nuclear you get massive overruns to double or triple the original cost, you get decades of delay, but you also get lots of GREAT excuses that somehow make it all okay, and won't happen next time ....

  13. Re: Boom by ShanghaiBill · · Score: 5, Insightful

    But once the reactors enter operation they'll pay for themselves in just a couple of years.

    This is the most ridiculous sentence I have read so far today. Do you have the foggiest notion of how much these reactors cost and the value of their annual production? "A couple of years"???

  14. Re:Terrible news by Bongo · · Score: 3, Informative

    To follow the analogy, today we have the added issue of many people preferring cheap sustainable clean safe beautiful air balloons.
    And some people questioning this saying, but how will you move 2 million passengers a year in air balloons?
    And other people saying, we'll make efficiency savings, so it isn't a problem.

  15. Re:Terrible news by multi+io · · Score: 4, Insightful

    Well, when an aircraft crashed, you never had to evacuate and cordon off 2,000 square miles around the crash site for the next 50 years.

  16. Re:We do know how to make nuclear plants.. by AmiMoJo · · Score: 4, Interesting

    Actually, no.

    You can tell that this narrative about the Left ruining everything is nonsense by how it only ever applies to things that failed. If they were really that powerful we wouldn't be burning oil in our cars or scrapping Obamacare. And if it really worked the right wing NIMBYs would have blocked every wind farm from ever being built.

    The Chinese cancelled most of their new reactors, just finishing the ones they have already started, shortly after Fukushima. Not entirely due to safety concerns either, but because they realized that the market for nuclear power was failing and renewable energy was the smart investment. Look at China now, leading the world in wind, in electric vehicles, even giving the Tesla/Panasonic gigafactory a run for battery production.

    --
    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:We can't manage meltdowns? Wtf? by AmiMoJo · · Score: 4, Insightful

    Meltdowns are almost always a combination of bad reactor design + human error. Both of these can be mitigated.

    In theory yes, but in practice there are budgets and profitability to think about. Part of the reason why nuclear is now so expensive is because we realized that those "bordering on impossible" scenarios are actually not that unlikely and need to be addressed.

    People seem to conveniently forget that france has generated > 50% of its grid electricity from nuclear for over 50 years without a single major incident.

    Yes, it was a great welfare programme for the energy companies. The French electorate has got fed up giving them money though, which is why they are struggling to raise the funds to build plants in other countries like Hinkley C, and having to rely on Chinese investment.

    --
    const int one = 65536; (Silvermoon, Texture.cs)
    SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
  18. Deaths from Energy Accidents by archer,+the · · Score: 3, Informative

    You can check the number of deaths from energy accidents: https://en.wikipedia.org/wiki/...

    Below are some entries, in deaths per PWh:

    Coal (China): 170,000
    Coal (US): 10,000
    Oil: 36,000
    Natural Gas: 4,000
    Solar: 440
    Wind: 150
    Hydro (non-US): 1,400
    Hydro (US): 5
    Nuclear(non-US): 90
    Nuclear(US): 0.01

  19. Re: Boom by Interfacer · · Score: 3, Interesting

    I've actually worked in the nuclear fuel industry. So I know a little bit about dealing with that sector. Thanks to many factors, nuclear is a politically very sensitive topic. Even fairly innocent projects can take years of political maneuvering before anything gets actually off the ground. So what typically happens is that an initial study is done to figure out what the project will cost.

    These numbers are then put into a budget request and made part of a political agenda. At that point you get the usual cow trading, political posturing and dealing with environmental action committees. Keep in mind that at this point, there are still no vendor contracts because nothing is set in stone and the future of the project is still unclear. For the building of a nuclear reactor which noone wants in their beack yard, this stage can take many years. Eventually the deal is struck and X billion dollars are allocated in the overall budget.

    And that is when the actual work starts and actual contracts are to be signed. And that is when the project team discovers things like alloys no longer being manufactured.

    I have been lucky enough to work on software to perform data logging for the compression of nuclear fuel powder into MOX tablets. I say lucky, because I've always been interested in nuclear physics. And I can tell you that for projects that do not have to be part of a political agenda (such as mine), things can be pretty efficient and well controlled in terms of cost. Because the project is usually decided by the site board of leadership. Even pretty expensive projects can be done efficiently if the budget falls within the overal site budget.