The nuclear industry has controlled radiation exposure for many years based on the principle of keeping doses As Low As Reasonably Achievable (ALARA). In theory, this is not a bad standard, but a great deal of time and money hinge on interpretation of the word “reasonable.” In the nuclear industry, one of the most heavily…
Before discussing nuclear energy economics, it might be useful to understand how power plant investment decisions are made by electrical utilities. It is a complex subject, but one that is worth a bit of study. Normal Commodity? If electrical power was a normal commodity, the question that would rule production capacity investment decisions is, “How…
It is difficult to convince people to stop believing an assertion they have heard over and over again, no matter how false the statement is. One of these false statements is that nuclear electricity is more costly than fossil generated electricity. One must understand that there are 109 different nuclear power plants operating in the…