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Atomic Insights

Atomic energy technology, politics, and perceptions from a nuclear energy insider who served as a US nuclear submarine engineer officer

In the news: April 1995

April 1, 1995 By Rod Adams

TVA gives up on Bellefonte Units 1 and 2 and Watts Bar Unit 2

The Tennessee Valley Authority has suspended construction activities at three sites after spending over $5 billion dollars. Bellafonte 1 is 88% complete, Bellafonte 2 is 57% complete, and Watts Bar 2 is 61% complete. TVA estimated that it would have cost $8.8 billion to finish the three plants.

Indonesia Calls Nuclear Power Unavoidable

(Dec 28, 1994) Research and Technology Minister B. J. Habibie told reporters “Demand for electricity will continue to rise, and we have no other alternative, so we will use nuclear.” Indonesia is a member of OPEC and currently sells its oil on the world market.

China Continues Major Nuclear Program

(Jan 11, 1995) China is making plans for 10,000 megawatts of nuclear capacity by the year 2000. The country’s leaders hope that nuclear power will allow them to meet a rapidly growing electricity demand while cutting consumption of the high sulfur coal which now supplies 75% of their power.

Sen. Johnson Proposes Spent Fuel Legislation

(Jan 30, 1995) Senator Bennet Johnson (D-La) introduced legislation on Jan. 5 to create a single temporary storage site for spent nuclear fuel. The proposed site is near the Yucca Mountain site that has been selected for eventual use as a permanent storage location. At least 26 of the 109 reactor sites will have filled their on site storage capacity by 1998 when the DOE was originally scheduled to remove the waste. Joe Colvin of the Nuclear Energy Institute said, “We think this legislation has an excellent chance of passing. With 26 utilities exhausting their storage capacity, the issue is no longer abstract. Many state governors want this problem solved.”

Apache Tribe Rejects Temporary Waste Site

(Feb 2, 1995) The Mescalero Apache tribe of New Mexico has rejected its leadership’s plan to allow construction of a temporary spent fuel storage facility on their reservation. The facility would have produced revenue of $250 million over the projected 40 year life of the project. Silas Cochise, the tribe’s manager for the project was surprised by the 490-362 vote. Scott Peters of the Nuclear Energy Institute expressed little surprise. He said “We knew it was going to be a tough sell.”

Filed Under: Atomic Insights April 1995

About Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

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