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Friday, November 14, 2014

Another Nuclear Plant is Dying from Basic Economics - Ginna

Critics of nuclear energy argue plants like Ginna pose a safety risk to the community. They cost too much to maintain. Uranium fuel costs are rising.

Renewable energy is becoming more popular. "New Yorkers, particularly Rochester ratepayers who are going to bear the burden of subsidizing this plant, if this agreement goes through, really deserve to know what the choices are," said Jessica Azulay, Program Director, Alliance for a Green Economy.

They can't compete on the open market.  They can't compete with natural gas, nor coal, nor solar.    In fact now, nuclear is the most expensive way to make electricity.

The petition references a 10 year purchase power agreement (PPA) that required RG&E to buy energy from Ginna, but that deal recently expired. Now Ginna is selling its energy on the wholesale market, something Constellation said is not sufficient enough to cover its revenues. With the petition, Constellation is looking to enter into a new Reliablility Support Services Agreement (RSSA) with RG&E, that would "forestall the Ginna Facility's retirement."

Read More at: http://www.13wham.com/template/cgi-bin/archived.pl?type=basic&file=/news/features/top-stories/stories/archive/2014/10/VjT1KeY7.xml#.VGZ9iMmKUUM
 The Owner is called CENG, which is majority owned by Exelon.    The same company in Illinois is extorting more money from the ratepayers, at least trying to.

By Nukepro calculations, Exelon is going to need a 82% increase in sales price in order to break even and make a fair profit.    SHUT THIS DOWN!

Ginna is a 581MW PWR

They have been losing about $100M a year.

Based on the rated output, and assuming a 90% capacity factor, that would generate 4.58 Million  Megawatt Hours, or 45.8 Million Kilowatthours.

Simple math, the loss per kWH is over 2.2 cents per kWH.    No JOKE, well the joke is going to be on the rate payers if they can manipulate the Utiltiy Commission. 


What an absurd loss per kWH.    Ginna was purchased by Exelon for $408M in 2003.    

Their 10 year deal with rGE to buy power at 4.4 cents per kWH 

In their plea to "give us more money" they have the audacity to claim that they deserve more money because of "operational risk"
5
of CENG corporate overhead). Further, in addition to incurring these losses, CENG has not been
compensated for any operational risk or an appropriate return on its investment over this period That little nugger is on Page 5 of their filing here
 http://documents.dps.ny.gov/public/Common/ViewDoc.aspx?DocRefId={3046BCE2-7856-404B-B73A-29E731C6A44C}

And of course these nuclear asshats play the "carbon card"

They point at a study done which concludes the geographical area needs reliable power, and then they extrapolate that to mean the area needs them.

The plant is over 40 years old, AND they state in their filing that large capital expenditures are needed to keep running.   You can see the age of this plant by the 1970's "puke nuke" colors

You can drop a comment here at this TV news page.

http://www.rochesterhomepage.net/story/d/story/the-future-of-ginna-nuclear-power-plant-uncertain/48117/YHLnyTmFt0StlE4Xth_4VA

And watch this Klunker steaming away.

Just 12 years after this plant went critical in 1970, human error caused a release of a reported 485 curies of noble gas.     That is a LOT.    Enough to contaminate 89 billion Costco chickens up to 100 Bq/kG.

Here is the supporting information on the rate increase they need to make a "fair profit"








Look at these sale prices for Klunker Nuke Plants....even when they are cheap, they die from economics

Vogtle will cost 80 times what Kewaunee cost, and Kewaunee died from economics

Wrap your head around that one.








www.world-nuclear.org/info/Counthttp://www.world-nuclear.org/info/Country-Profiles/Countries-T-Z/Appendices/Nuclear-Power-in-the-USA-Appendix-2-Power-Plant-Purchases/ry-Profiles/Countries-T-Z/Appendices/Nuclear-Power-in-the-USA-Appendix-2-Power-Plant-Purchases/









So the plant cost $400M, but it could cost $4 Billion to decommision it.     hmmmm, what a deal!

Per the NRC, San Onofre is over $4B
"
For an answer to this question, we look to the San Onofre Nuclear Power Plant in Southern California. In 2012, it was revealed that the new Mitsubishi tubes put in were wearing prematurely and in June of 2013, it was announced that the plant would be shut down entirely. The plant would be decommissioned, beginning in early 2016.
According to the Nuclear Regulatory Comission, the process would take around 20 years and cost $4.4 billion, the most ever for decommissioning a plant."




The petition references a 10 year purchase power agreement (PPA) that required RG&E to buy energy from Ginna, but that deal recently expired. Now Ginna is selling its energy on the wholesale market, something Constellation said is not sufficient enough to cover its revenues. With the petition, Constellation is looking to enter into a new Reliablility Support Services Agreement (RSSA) with RG&E, that would "forestall the Ginna Facility's retirement."

Read More at: http://www.13wham.com/template/cgi-bin/archived.pl?type=basic&file=/news/features/top-stories/stories/archive/2014/10/VjT1KeY7.xml#.VGZ9iMmKUUM
The petition references a 10 year purchase power agreement (PPA) that required RG&E to buy energy from Ginna, but that deal recently expired. Now Ginna is selling its energy on the wholesale market, something Constellation said is not sufficient enough to cover its revenues. With the petition, Constellation is looking to enter into a new Reliablility Support Services Agreement (RSSA) with RG&E, that would "forestall the Ginna Facility's retirement."

Read More at: http://www.13wham.com/template/cgi-bin/archived.pl?type=basic&file=/news/features/top-stories/stories/archive/2014/10/VjT1KeY7.xml#.VGZ9iMmKUUM
The petition references a 10 year purchase power agreement (PPA) that required RG&E to buy energy from Ginna, but that deal recently expired. Now Ginna is selling its energy on the wholesale market, something Constellation said is not sufficient enough to cover its revenues. With the petition, Constellation is looking to enter into a new Reliablility Support Services Agreement (RSSA) with RG&E, that would "forestall the Ginna Facility's retirement."

2 comments:

  1. Quote of dosdos: "The uranium miners/stock holders are going crazy because Sendai got approved. They have been acting like their entire industry has been saved by a single perfecture decision. They have been suffering for three and a half years, and they are grabbing at straws so badly, trying to fool the rest of the investors to sink their money in uranium as well.

    There has been that "good times right around the corner" for three and a half years, and the market still hasn't rebounded to profitable margins. Blah, blah, blah, blah, blah…. Pathetic.

    Just remember, public opinion won't kill nuclear. Politics won't kill nuclear. Only money will kill nuclear, and they know it, they fear it, because money is killing it. It's obvious by the pathetic way they grasp at straws. The only question is will it kill it soon enough?

    If you want to fight nuclear, make it more expensive to run. Help make sure that expensive safeguards are required. It won't take much, as the profit margins are currently very slim."

    http://enenews.com/fukushima-student-documentary-japan-going-insane-like-about-killed-gotten-better-government-abandoned-anyone-please-please-save-lives-fukushima-people-children-video/comment-page-1#comment-602806

    Muy buena, dosdos! Un burro es más inteligente que un Nuker.

    ReplyDelete
    Replies
    1. Be careful, some four legged mammals could take insult as being in the same sentence as a Nuketard.

      Delete

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