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Indiana Republican candidate for governor Mike Pence calls for nuclear power plants | Indiana | onPolitix August 28, 2012

Posted by Laura Arnold in Uncategorized.
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Pence calls for nuclear power plants | Indiana | onPolitix.

WISHTV.COM

Jim Shella

Updated: Aug 28, 2012 2:40 PM

The Republican candidate for governor proposed a comprehensive energy plan today that includes a call for nuclear power plants in Indiana.

Mike Pence says he will pursue greater use of Indiana coal when it comes to generating electricity. He also said he will fight federal government efforts to reduce the use of coal through cap and trade legislation.

Pence wants more alternative methods of energy production, too.  “I believe the time has long come for nuclear power to be a part of our conversation,” he said, “as we explore strategies for meeting our future energy needs in the Hoosier state and beyond.”

Pence says that new technology that allows for smaller nuclear plants makes the idea more feasible than it was in the ’80′s when construction of the Marble Hill Nuclear plant near Madison was halted.

Dear IndianaDG Blog Readers:

Well, I guess that Mike Pence didn’t see the article below from the Financial Times last month.

Laura Ann Arnold

July 30, 2012  6:00 am

Nuclear ‘hard to justify’, says GE chief

By Pilita Clark, Environment Correspondent

Nuclear power is so expensive compared with other forms of energy that it has  become “really hard” to justify, according to the chief executive of General  Electric, one of the world’s largest suppliers of atomic equipment.

“It’s really a gas and wind world today,” said Jeff Immelt, referring to two  sources of electricity he said most countries are shifting towards as natural  gas becomes “permanently cheap”.

“When I talk to the guys who run the oil companies they say look, they’re  finding more gas all the time. It’s just hard to justify nuclear, really hard.  Gas is so cheap and at some point, really, economics rule,” Mr Immelt told the  Financial Times in an interview in London at the weekend. “So I think some  combination of gas, and either wind or solar … that’s where we see most  countries around the world going.”

Mr Immelt’s comments underline the impact on the global energy landscape of  the US  shale gas revolution, Japan’s 2011 Fukushima nuclear meltdown and falling  prices for some types of renewable power.

The shale boom has sent US natural gas prices down to 10-year lows, a trend  some analysts believe will spread elsewhere, while the nuclear industry faces  added costs and uncertainty after Fukushima.

At the same time, a 75 per cent fall in solar panel market prices in the past  three years has made solar power competitive with daytime retail electricity  prices in some countries, according to a recent  report by Bloomberg New Energy Finance, while offshore wind turbine prices  have steadily declined.

Such factors pose dilemmas for countries such as the UK, which is trying to  build new nuclear plants without public subsidy. The ruling  coalition is also split over whether to set a new target to make the  electricity sector virtually free of carbon emissions by 2030 – a plan George  Osborne, the Conservative finance minister, opposes but many Liberal Democrats  back.

Mr Immelt lent weight to the Lib Dem argument, saying GE had found existing  EU carbon targets helpful. “I think standards sometimes really drive  innovation,” he said. “To a certain extent at least, knowing what the rules are  and being able to innovate against it is not a bad thing.”

Mr Immelt played down the impact of changing energy trends on a company as  large as GE, which reported  annual profits of $13bn for 2011 (on revenues of $142bn) and sells products  for every leading source of energy, from gas and wind turbines nuclear reactors  and oil drilling gear, to gas and wind turbines.

“We’ve got them all, so in some ways when you have them all you don’t have to  be so smart about anything,” he said.

Analysts estimate GE’s nuclear revenues, from a joint venture with Japan’s Hitachi, at an estimated $1bn, or less than 1 per cent  of annual global sales.

Mr Immelt is visiting London during the Olympic Games, which GE sponsors.

The company will announce on Monday that it has made more than $1bn in sales  from Olympic host cities since 2006, including $100m from the London games,  where GE has sold several power systems, 120 electric vehicle charging stations  and thousands of lights.

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Comments»

1. bruce dickey - August 29, 2012

Nuclear power is expensive, dirty and dangerous. Go with solar and wind, the fuel is free, delivered for free, forever and and does not pollute!

2. Tom Cook - September 2, 2012

Laura Ann Arnold,

Alternative sources are an important part of our future, but as long as our culture is as datacentric as it has become and as long as air conditioning and city lights are part of our culture, natural gas and alternative energy are not going to keep up alone. Nuclear might not be the answer, but coal is critical to midwest power generation for a long time to come unless you are OK with seeing local electrical rates double or triple.


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