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6987-2/05-Michigan-1 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy Institute President-Elect, American Nuclear Society 6987-2/05-Michigan-1

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Page 1: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-16987-2/05-Michigan-1

The NuclearRenaissance:A Resurgence of Nuclear Energy

Jim ReinschPresident, Bechtel Nuclear Power

Board of Directors, Nuclear Energy InstitutePresident-Elect, American Nuclear Society

6987-2/05-Michigan-1

Page 2: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Acknowlegements

Steve L. Stamm, P.E.Nuclear Business ManagerStone & Webster Power Division

Page 3: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Outline

ANS representation: Massachusetts Institute of Technology Shaw Stone & Webster Framatome ANP Seabrook Station University of Massachusetts, Lowell

Resurgence of Nuclear Energy

Role of American Nuclear Society

Page 4: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Massachusetts Institute of Technology

Ranked 5th by U.S. News and World Report

10,000 students

900 faculty

32 majors

5 schools

Milestones: Penicillin Vitamin A

Page 5: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Shaw Stone & Webster

Shaw Group formed in 1987

One of Fortune's Top 500 companies

Stone & Webster foundedin 1889

18,000 employees

Provides multi-services Engineering Design Construction Maintenance

Page 6: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Seabrook Station

Majority owner— Florida Power and Light (FPL)

C.O.— August 1990

1,161 MW

Largest reactor in New England

Provides about 7 % of region’s electricity

Page 7: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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University of Massachusetts, Lowell

Founded in 1894

Member of the University of Massachusetts system, 1991

12,000 students

$300 million in annual research

One of the 50 best universities in the world by Times of London

Page 8: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Framatome ANP

Jointly-owned subsidiary with AREVA and Siemens

World leader in: Engineering design and construction

of nuclear power plants and research reactors

Modernization, maintenance and repair services

Component manufacturing Supply of nuclear fuel

Manufacturing facilities in over 40 countries

Page 9: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-96987-2/05-Michigan-9

Resurgence of Nuclear Energy

Page 10: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Worldwide Perspective

NASA

Page 11: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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World View

Global electricity demand to increase 50% by 2025 1.6%/yr for industrial

world 3.6%/yr for

developing worldDemand

1850 1950 1990 2000 2050 2100

Year

Tri

llion

kW

h

Page 12: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-12E

PR

I

Global Emissions and Atmospheric

Concentration of CO2

Global Average Temperature

Atmospheric concentrations

derived from ice cores

Atmospheric concentrations

measureddirectly

Emissions

1790 1815 1840 1865 1890 1915 1940 1975 1990

Source: Carbon Dioxide Information Analysis Center

1000

3000

5000

7000

Emiss

ions

(MM

TC)

250

300

350

400 Atmospheric Concentration (ppm

)

58 °F

57 °F

56 °F1880 1894 1908 1922 1936 1950 1964 1978 1992 1999

Source: NASA’s Goddard Institute for Space Studies5-year surface annual mean

Cause of Disruption Emissions from

CO2 from fossil fuel

Fossil fuel 80% of world’s

energy 80% of new

capacity brought on line in 2003

Nuclear Limits

greenhouse gas emissions

Environment

Page 13: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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4 x CO2

of ExistingLevels

2 x CO2

of ExistingLevels

21002030 EPRI

-5 0 5 10 15 20 25

Temperature Rise

Environment

Page 14: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Nuclear Drivers

Why Nuclear: Safe Proven performance Affordable Energy security/energy

independence Emission free Abundant fuel and stable prices

Page 15: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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World nuclear generation sets record in 2004 383,629 MW 2,696 MMWh 3.7% increase

Led by: Record setting performance

• U.S.• Sweden

Restart of units in:• Japan• Canada

Commissioning of new units• South Korea• Ukraine

World View

Page 16: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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440 nuclear power plants

16% of world’s electricity

Displaces 2 billion metric tons of CO2

World View

Page 17: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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The Renaissance Begins

8Korea

8Europe3

Japan

5Other

3Russia

3China

30 Projects

Underway in

2004

Page 18: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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NuclearOverview:Pacific Basin

Page 19: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Pacific Basin

Asia fastest growing market

East and South Asia

100 plants in operation

20 under construction

40 to 60 planned

Represents 36% of the world’s new capacity growth

Page 20: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Pacific Basin

Greatest growth

China

Japan

South Korea

India

PacificOcean

Indian Ocean

6987-2/05-Michigan-20

Page 21: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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China Perspective

Page 22: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Quick Facts

World’s largest population China = 1.3 billion U.S. = 0.3 billion

Second largest energy consumer U.S. = 25% of world total China = 10% of world total

Page 23: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Quick Facts

2003 10% increase in

generation capacity 17% increase in demand 15,000 MW shortage

2004 9% increase in

generation capacity 16% increase in demand 30,000 MW shortage

Page 24: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Energy Portfolio

2%

Nuclear

Coal

Hydro Fuel Percent

Coal 80

Hydro 18

Nuclear 2

Total ElectricalGeneration

Page 25: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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China’s Plan

Operation

Under Construction

Planning

LingDong 2x1000MW PWRHong Kong

Sanmen 6x1000MW PWR

Qinshan III 2x665MW HWR

Daya Bay 2x944MW PWR

Qinshan I 1x300MW PWR

LingAo 2x950MW PWR

Beijing

Harbin

Chengdu

HaiYang 6x1000MW PWR

TianWan 6x1000MW VVER

Shanghai

Shenzhen

Qinshan II 2x600MW PWR

YangJiang 6x1000MW PWR

Fuzhou HuiAn 6x1000MW PWR

WaFangDian 6x1000MW PWR

Qinshan IV 2x1000MW PWR

Page 26: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Near-Term Plan

PWR technology selected

National Nuclear Steering Committee formed

National Development and Reforming Commission (NDRC) has significant role

Page 27: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Path Forward

Nuclear power to be expanded 6,600 MW to

40,000 MW by 2020 Near-term construction

4 replication units 4 Generation III+ units

• 2 at Sanmen• 2 at Yangjiang

Page 28: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Current Invitation to Bid (ITB)

BURMALAOS

NEPAL

VIETNAM

INDIA

Sea ofJapan

MONGOLIA

JAPAN

SOUTHKOREA

NORTH KOREA

Taiwan

YellowSea

RUSSIA

Qinghai

Tibet

InnerMongolia

Heilongjiang

Jilin

Hebei

Liaoning

Shandong

Beijing

Jiangsu

Gansu

Henan

Shaanxi

Shanxi

Sichuan

Guangxi

Guizhou

Hunan

Hubei

Guangdong

Jiangxi

AnhuiZhejiang

Fujian

South ChinaSeaHainan

Shanghai

Hong Kong

Sanmen Nuclear Plant

Yangjiang Nuclear Plant

BHUTAN

China

Xinjiang

Yunnan

Page 29: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Status of ITB

ITB issued September 28, 2004

PWR technology Westinghouse AREVA Atomstroyexport

Construction award December 2005

Page 30: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Passive safety systems permit simplification and improve safety

Modularization reduces construction to 36 months

NRC design certification provides regulatory certainty: AP 600 — December 1999 AP 1000 — August 2005

Westinghouse

Westinghouse – AP 1000

Page 31: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Four loop RCS design

Four train safety systems

In-containment borated water storage

RCS depressurization system

Separate buildings for safety trains

Advanced “cockpit” control room

48 months from first concrete to CO

AREVA/Framatome ANP — EPR

Page 32: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Atomstroyexport (Russian)VVER-1000

“Evolutionary” design incorporating safety improvements

Standardization based on components that performed well on earlier plants (VVER-440)

Four loop RCS design

Horizontal steam generators

Redesigned fuel assemblies

Page 33: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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World Reactor Technologies

Gen III+ Gen IV

Today’s Designs Future Designs

6926-1/05-Purdue-33

Page 34: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Generation IV advanced nuclear reactors (ARS) Six candidates:

• Very High Temperature Reactor (VHTR)

• Gas-cooled Fast Reactor (GFR)

• Lead-cooled Fast Reactor (LFR)

• Sodium-cooled Fast Reactor (SFR)

• Molten Salt Reactor (MSR)

• Supercritical Water-cooled Reactor (SCWR)

http://nuclear.gov/nerac/FinalRoadmapforNERACReview.pdf

December 2002

Future Designs

Page 35: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Technology Top priority Next Generation

Nuclear Plant• High temperature• Passive safety• Improved economics• Demonstrates hydrogen production• High efficiency direct-cycle electricity production• Nonproliferation

Technology suppliers• PBMR (Pty) Ltd. Pebble Bed (PBMR)• AREVA/Framatome ANP ANTARES• General Atomics GT-MHR

Future Designs — Generation IV - ARS

Page 36: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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PBMR (Pty) Ltd. — Pebble Bed Modular Reactor High temperature (900 °C)

helium-cooled reactor TRISO-coated particle fuel in

spherical fuel elements On-line refueling Direct cycle gas turbine Inherent passive safety design

Future Designs — Next Generation Nuclear Plant (NGNP)

Page 37: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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AREVA/Framatome ANP — ANTARES design Prismatic core

• Low cost• Maximum core design flexibility• Minimum core design uncertainty

Indirect cycle• Simplified design

Innovative CCGT-based power generation system• Developed with MHI and confirmed by EdF• Maximizes use of existing technology• Combined Brayton and Rankine cycles give high

efficiency Readily adaptable to H 2 production

Future Designs — NGNP

Page 38: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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General Atomics — Gas Turbine — Modular HeliumReactor (GT-MHR) Helium cooled reactor

• Nonradioactive• High heat capacity

Gas turbine• Brayton cycle vs. steam cycle• High efficiency ~ 50%• Modern gas turbine technology

Ceramic fuel particles– High temperature capability > 1600 °C– Stable graphite core/moderator– High fuel burnup capability– High proliferation resistance

Future Designs — NGNP

Page 39: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Advanced Light Water Reactors (ALWRs)

Simplified design

Passive systems to enhance safety and reduce cost

Standardized designs based on modularization producing shorter construction schedules

Enhanced resistance to proliferation

Today’s Design — Generation III+

Page 40: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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General Electric ESBWR ABWR+

BNFL/Westinghouse AP 1000

Atomic Energy Canada Limited ACR-700(AECL)

AREVA/ EPRFramatome SWR 1000

Today’s Design — Generation III+ ALWR

6900-12/04-40

Page 41: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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General Electric — ESBWR Simplified the design

• Less equipment and buildings• Shorter construction times• Reduced operation and

maintenance costs Improved plant performance and safety

• Gives operational flexibility• Easier to get regulatory approval

Designed to U.S. and European requirements

Today’s Design — Generation III+ ALWR

Page 42: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Westinghouse — AP 1000 Passive safety systems permit

simplification and improve safety Modularization reduces construction

to 36 months NRC design certification provides

regulatory certainty:• AP 600 — December 1999• AP 1000 — August 2005 Westinghouse

Today’s Design — Generation III+ ALWR

Page 43: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Atomic Energy Canada Limited (AECL) — ACR-700 Evolution of CANDU 6 design (Qinshan) Safe, economical design 40 months from first concrete

to fuel load for 1st unit Currently in NRC

pre-application review

Today’s Design — Generation III+ ALWR

Page 44: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-44

AREVA/Framatome ANP — EPR

Four loop RCS design

Four train safety systems

In-containment borated water storage

RCS depressurization system

Separate buildings for safety trains

Advanced “cockpit” control room

48 months from first concrete to CO

Today’s Design — Generation III+ ALWR

Page 45: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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AREVA/Framatome ANP — SWR 1000

Improved safety margin

Improved availability

Uses existing technology

Reduced construction time

60-year service life

European utility involvement

Today’s Design — Generation III+ ALWR

Page 46: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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United States Perspective

Page 47: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Quick facts

103 nuclear plants 20% of the nation’s electricity

U.S. Nuclear Energy

Displaces 680 million metric tons of CO2

Equivalent to 131 millionpassenger cars

Page 48: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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U.S. Nuclear Drivers

Safe

Proven nuclear plant performance

Cost effective

Affordable

Energy security/energy independence

Provides base load generation/grid stability

Emission free

Page 49: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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'82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04

55

60

65

70

75

80

85

90

95

Ca

pa

cit

y F

ac

tor

(%)

Proven Performance

Source: Energy Information Administration/Nuclear Regulatory Commission

90.7%

Page 50: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Affordable ($ per MWh)

Nuclear Coal Gas

No assistance $45-$71 $33-$41 $35-$45

Engineering costs paid $31-$46 $33-$41 $35-$45

Limited production, investment

tax credit$25-$45 $33-$41 $35-$45

Source: University of Chicago6987-2/05-Michigan-50

Page 51: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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85 87 89 91 93 95 97 99 01 03

0

1

2

3

4

5

6

7

8

9

10

11

Source: Federal Energy Regulatory Commission /EUCG

Nuclear 1.72

Coal 1.8

Gas 5.77

Oil 5.53

Cost Effective(in constant cents/kWh)

Page 52: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-52

Evidence of U.S. Nuclear Revival

Energy Policy Act Supports nuclear energy as a major component of

national energy policy Supports

• Uprates/license renewals• Licensing of new plants

Nuclear Power 2010 program Deploys at least one new advanced

nuclear plant by 2010

Three utility-led consortiums formed to develop COL applications for new U.S. reactors

Congress

DOE

Utilities

Page 53: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-53

Evidence of U.S. Nuclear Revival

Source: Bisconti Research Inc.

Increasing Public Support

Important

for our energy

future

80%

Keep the option

to build nuclear plants

71%

Definitely build

nuclear plants in

future

60%

Accept new

reactors at nearest

plant

62%

Favor use of nuclear

energy

67%

Page 54: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-54

Evidence of U.S. Nuclear Revival — License Renewals

25Renewal

Intent

30Granted

32Not

Announced

16In NRCReview

RenewalApplication

RenewalApplication

RenewalApplication

RenewalApplication

RenewalApplication

Page 55: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-55

Browns Ferry #1 restart

Tennessee Valley Authority

• 1,280 MWe

• Applied for 20-year license renewal

• Ahead of schedule

• Under budget

Evidence of U.S. Nuclear Revival

Page 56: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Utility consortiums formed in response to DOE’s NP-2010 solicitation NuStart Energy Development, LLC Dominion-led TVA-led

Evidence of U.S. Nuclear Revival

Page 57: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-57

New U.S. Licensing Process

Early site approval

Design certification Combined license forconstruction and operation (COL)

1

32

Page 58: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Site approval obtained before company decides to build

Company “banks” site up to 20 years

Decision made, design chosen later

Greater certainty in moving forward

Early Site Permits

1

Page 59: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Design Certification

Advance NRC approval for design

Lengthy delays avoided before site preparation, construction

Four designs approved to date

2

Page 60: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Combined Construction and Operating License

One license for operating/ building plant

Early focus of public comment

Greater regulatory certainty

3

Page 61: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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Old Licensing Process

15 years

Operating License Issued Operations

Construction Permit Application

Public Comment Opportunity

Operating License ApplicationConstruction

Page 62: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-62

New Licensing Process

ConstructionConstruction Acceptance

CriteriaOperation

Combined License

Design Certification

7 years

Early Site Permit

Public Comment Opportunity

Page 63: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-63

RegulatoryCertainty

Infrastructure

Spent FuelManagement

Financials

Public andBipartisanSupport

ProvenTechnology

Build NewNuclearPlants

What Needs To Be Done

Page 64: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-64

What Needs To Be Done — New Nuclear Plants

Finalize a competitive approved design Ensure designs met new capacity needs

Create advantageous business conditions Acceptable financials return Financial incentives

Resolve uncertainties in licensing and regulations

Proven Technology

Financials

RegulatoryCertainty

Page 65: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

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What Needs To Be Done — New Nuclear Plants

Completion of Yucca Mountain Long-term solution

Re-establishment of the nuclear infrastructure Utilities Vendors Labor

Renew public confidence Need to maintain high-performance standards Need national energy policy

Universities Government Investors

Spent FuelManagement

Infrastructure

Public andBipartisan Support

Page 66: 6987-2/05-Michigan-1 The Nuclear Renaissance: A Resurgence of Nuclear Energy Jim Reinsch President, Bechtel Nuclear Power Board of Directors, Nuclear Energy

6987-2/05-Michigan-666926-1/05-Purdue-66

Role of American

Nuclear Society

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Role of American Nuclear Society

Provides professional home for pioneers leading the industry

Promotes members’ contributions in the expansion of nuclear technology

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Provides forum to develop and apply technology to benefit all humanity

Serves as credible voice for exchange of nuclear information

Role of American Nuclear Society

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Through ANS professional divisions Members demonstrate the

peaceful power of the atom Members push the science

forward at topical meetings and workshops

Through ANS public policy and federal affairs Members assist:

• Government in developing sound policies

• Renewal of public confidence

Role of American Nuclear Society

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Tomorrow’s Vision Coming into Focus

Periodic table

X-rays

Cathode rays

EBR-1Reactor

MedicalIsotopes

NP 2010 Initiative

The Faces ofTomorrow

1900

1960

2004

2050

U.S.S. Nautilus

Pioneer 10

40 nuclear plants

Gen IV

Gen III+

New Build Consortiums NuStart TVA Dominion

Space

Medical

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&Questions

Answers

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The NuclearRenaissance:A Resurgence of Nuclear Energy

Jim ReinschPresident, Bechtel Nuclear Power

Board of Directors, Nuclear Energy InstitutePresident-Elect, American Nuclear Society

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