Showing posts with label EPS. Show all posts
Showing posts with label EPS. Show all posts

Tuesday, August 4, 2015

[VIDEO] New Nuclear Power Seen as Big Winner in Obama’s Clean Power Plan

The Obama administration gave the struggling U.S. nuclear industry a glimmer of hope this week by allowing new reactors to count more toward meeting federal emissions limits.
States can take more credit for carbon-free electricity to be generated by nuclear power plants that are still under construction as they work to comply with emissions-reduction targets set by the U.S. Environmental Protection Agency. The boost for new nuclear was outlined in the Obama administration’s final Clean Power Plan released Monday.
Under last year’s draft of the plan, the yet-to-be completed reactors were counted as existing units that wouldn’t be fully credited for carbon reductions generated in the future after they had started operating. The nuclear power industry complained that amounted to a penalty on the plants and made state targets harder to achieve.
“We tend to view new rules as potentially the first bit of good news for the struggling nuclear industry,” Julien Dumoulin-Smith, an analyst for UBS, wrote on Monday in a research note.
Nuclear operators are facing high maintenance and clean-up costs, as well as competition from cheap natural-gas fueled power plants and low-cost wind and solar generation. About 10 percent of the nation’s nuclear output may retire early because of low energy prices, according to Moody’s Investors Service.
The question of waste disposal also hangs over the industry as efforts to establish a federal repository at Yucca Mountain in Nevada have stalled.

Existing Reactors

The Nuclear Energy Institute, a Washington-based trade group, said it was “pleased” that the EPA recognized that nuclear plants under construction “should count toward compliance when they are operating.”
Marvin Fertel, president of the nuclear trade group, said by e-mail that the industry was disappointed that existing reactors won’t get credit for their carbon-reduction value, given that some are at risk of early retirement.
New reactor projects, the first in decades, have been plagued by delays and cost increases.
Beneficiaries of the rule changes would include Southern Co. and Scana Corp., which are building new reactors in Georgia and South Carolina, respectively. The Tennessee Valley Authority, which is building a reactor at its Watts Bar facility near Spring City, Tennessee, would also get a boost.
“Nuclear facilities will be credited because it’s new, zero-carbon generation that will be credited as part of a compliance strategy,” said U.S. EPA Administrator Gina McCarthy. “That’s entirely consistent and appropriate.”

Thursday, May 21, 2015

FED’s Latest Power Grab Targets Property Owners

The feds have launched a new power grab, and it’s coming at the expense of property rights.
The Environmental Protection Agency and the Army Corps of Engineers have proposed a new rule to define “waters of the United States.” This definition is supposed to clarify what “waters” are covered under the Clean Water Act and therefore what these two agencies can regulate.
Most people would consider a water body to be a river, a lake, maybe even a pond. But the feds are casting their nets much wider than that. Their proposal could cover almost any type of water. Almost all ditches, including man-made ditches, could be regulated. Depressions in land that only sometimes have water in them could be deemed a tributary and covered under the rule, even if the depression is bone-dry almost every day of the year. The sheer overreach of the proposed rule is breathtaking.
Under the Clean Water Act, property owners are often required to obtain costly and time-consuming permits if engaging in activities that affect jurisdictional waters. We’re not talking toxic waste disposal being required to trigger the need for a permit. The statute would even prohibit actions that cause absolutely no environmental harm. For example, someone might need a permit for kicking some sand into a jurisdictional water.
Common activities, from farming to home building, could require a permit. Individuals who want to use their property for ordinary, everyday uses could be forced to get a permit. Sackett v. EPA offers one egregious example of overzealous regulatory enforcement. In this 2012 Supreme Court case, the EPA sought the power to impose fines of $75,000 per day on a couple for placing gravel on virtually dry land to build a home in a built-out subdivision. This proposed rule will likely lead to even more Sackett-type abuses of regulatory power.

Friday, November 15, 2013

Cities Raise Alarms Over EPA’s Surprise Hydrant Lead Rule

THE EPA IS PISSING ON EVERYONE!!
Philadelphia has 119 fire hydrants that cost about $2,000 each waiting in a warehouse to be installed, yet they sit high and dry because federal regulators say their fittings might taint drinking water with lead.
The City of Brotherly Love and communities across the U.S. face the specter of hundreds of millions of dollars in useless hydrants after a surprise ruling last month by the U.S. Environmental Protection Agency that requires fireplugs put in after Jan. 4 meet stricter standards for lead content, said Tom Curtis of the American Water Works Association in Denver. That means cities must scrap or retrofit inventory or buy hydrants and parts that some vendors aren’t even making yet.
Manufacturers and Curtis’s group, which represents utilities that serve about 80 percent of Americans, are urging the agency to reconsider or at least allow more time to comply. American Cast Iron Pipe Co., one of the largest hydrant makers, is seeing some customers delay or cancel orders.
“This delivers a huge cost and probably no health protection,” said Curtis, the water group’s deputy executive director. “It needs to be rethought.”
Mueller Water Products Inc. (MWA), an Atlanta-based company that says it is the largest U.S. hydrant maker, supports efforts to have fireplugs excluded from the EPA rule. It cited “no discernible health risk,” in a statement.
Hydrants pose little, if any, risk of long-term lead exposure because they are used to supply drinking water only on occasions such as a festival or when a main breaks, Curtis said by telephone from Washington.

Popular Posts