|The Nuclear Power 2021 Act|
|March 8th, 2011
Bingaman-Murkowski-Udall Bill Seeks To Show
Utility of Small-Scale Nuclear Reactors
Sens. Jeff Bingaman (D-NM), Lisa Murkowski (R-AK) and Mark Udall (D-CO) today introduced legislation to direct the Department of Energy to develop innovative, low-cost nuclear reactors. The Nuclear Power 2021 Act (S. 512) proposes a program to design and certify small modular reactors (<>which can be built and operated in combination with similar reactors at a single site.
The National Academy of Sciences and numerous other study groups have identified nuclear energy as a promising and essential technical option for meeting our future electricity needs while lowering our overall emissions of greenhouse gases.
Sen. Bingaman: “Modular reactors make sense because they do not require as large up-front capital investment as conventional reactors. They will keep construction costs down at a time when the expense of building a traditional plant has become so high. I believe that it is appropriate for the Energy Department to work with utilities on the design and approval process for these reactors because nuclear power will play an important role in a carbon-constrained energy world.”
Sen. Murkowski: “Small modular reactors have great potential to help meet our future domestic power needs in a flexible manner, both on and off the grid, as well as open market opportunities overseas. This legislation will help address existing challenges and overcome roadblocks by making the development, licensing, and deployment of small reactors a priority.”
Sen. Udall: “I've long said there is no silver bullet to solve today's energy challenges; we're going to need silver buckshot, and nuclear energy should be at the table. Nuclear is among the few low-carbon, large-scale sources of baseload power that we know how to build today – and small reactors have the potential to make nuclear power more cost-efficient and secure. This bill will help bring small modular reactors to the market."
Smaller reactors can be less capital intensive than the larger 1000-megawatt reactors currently being licensed by the Nuclear Regulatory Commission. They also have the potential to be built in a modular and step-wise fashion. Under the Bingaman-Murkowski-Udall bill, the Federal effort would be cost-shared with the private sector and selected under a competitive merit review process that emphasizes efficiency, cost, safety and proliferation resistance.
The Nuclear Power 2021 Act authorizes the Secretary of Energy to work in a public-private partnership to:
§ Develop a standard design for two modular reactors, one of which will not be more than 50 megawatts;
While I knew Barack was in the pocket of the nuclear energy industry, I didn't realize that Bingaman and Udall were in the pocket as well.
Nuclear energy is cheap. In that US tax payers spend millions and millions subsidizing it, it's very cheap for the nuclear energy industry. And it continues being really cheap. That's because when they have an accident -- and all power plants have accidents (but only nuclear ones can kill for miles and miles) -- guess who gets to pay for it?
Here's a hint: The government writes the check.
But as we all know, the government doesn't have its own money. No, it writes a check on our money.
Nuclear power is not safe and it is not cheap. It only appears cheap because there are so many subsidies for it. It is actually the energy that costs and costs and costs.
This is C.I.'s "Iraq snapshot" for Wednesday: