Vermont YankeeHanover NH Rotary Club

24 Mar 2010Bob Hargraves

Entergy bought Vermont Yankee in 2002 for $180 million.

$0.35/watt invested, vs $4/watt today.

Entergy bought Vermont Yankee in 2002 for $180 million.

600 MW x 365 x 24 x 4 cents/kWh x 90% =$189 million revenue.

Vermont Yankee is a 1972 GE 620 MW boiling water reactor.

Vermont Yankee is cooled by river water in winter, cooling towers in summer.

Aug 2007, the cooling tower collapsed.

An EXIT sign is powered by 1 curie of radioactive tritium.

An EXIT sign is powered by 1,000,000,000,000 picocuries.

Human body radioactivity is 100,000 picocuries.

7 Jan 2010 "Laboratory tests of samples taken from this monitoring well have shown tritium levels at 700, 14,500 and 17,000 picocuries per liter"

Drinking 20,000 picocurie/liter water for a year increases your radiation dose 1%.

…about the same as one airplane trip.

Vermont Yankee stopped leaks in 2 pipes in tunnel, will fix during May refueling.

Vermont Yankee tritium leaks were relatively small.

2.5 million picocuries per literl00 gallons/day for yearis 0.35 curies

(Thanks to Rod Adams at Atomic Insights.)

Vermont Yankee tritium leaks were relatively small.

2.5 million picocuries per literl00 gallons/day for yearis 0.35 curies

Canada's nuclear reactors use heavy water and release tritium: 5200 curies.

(Thanks to Rod Adams at Atomic Insights.)

Vermont Department of Public Health website is factual, current, and neutral.

Vermont Yankee decommissioning fund lacks money. $320 million in 2002

$347 in 2010$875 needed

Yankee Rowe site

Vermont Yankee decommissioning fund lacks money. $320 million in 2002

$347 in 2010$875 needed

Yankee Rowe site

Vermont Public Interest Research Group's solution is unrealistic.Energy GWH/yr Reality

Total 5,864 2008

Vermont Public Interest Research Group's solution is unrealistic.Energy GWH/yr Reality

Total 5,864 2008Efficiency - 2.5% + 2.7%

Vermont Public Interest Research Group's solution is unrealistic.Energy GWH/yr Reality

Total 5,864 2008Efficiency - 2.5% + 2.7%Wind 1,642 + 268 2.5 MW turbines

Vermont Public Interest Research Group's solution is unrealistic.Energy GWH/yr Reality

Total 5,864 2008Efficiency - 2.5% + 2.7%Wind 1,642 + 268 2.5 MW turbinesWood 938 2X area of Green Mt Nat For

Vermont Public Interest Research Group's solution is unrealistic.Energy GWH/yr Reality

Total 5,864 2008Efficiency - 2.5% + 2.7%Wind 1,642 + 268 2.5 MW turbinesWood 938 2X area of Green Mt Nat ForSolar 880 + $7 billion

Vermont Public Interest Research Group's solution is unrealistic.Energy GWH/yr Reality

Total 5,864 2008Efficiency - 2.5% + 2.7%Wind 1,642 + 268 2.5 MW turbinesWood 938 2X area of Green Mt Nat ForSolar 880 + $7 billionHydro 351 + 66 (Vt dept nat resources)

Vermont Public Interest Research Group's solution is unrealistic.Energy GWH/yr Reality

Total 5,864 2008Efficiency - 2.5% + 2.7%Wind 1,642 + 268 2.5 MW turbinesWood 938 2X area of Green Mt Nat ForSolar 880 + $7 billionHydro 351 + 66 (Vt dept nat resources)Methane 351 402,000 cows

Vermont Public Interest Research Group's solution is unrealistic.Energy GWH/yr Reality

Total 5,864 2008Efficiency - 2.5% + 2.7%Wind 1,642 + 268 2.5 MW turbinesWood 938 2X area of Green Mt Nat ForSolar 880 + $7 billionHydro 351 + 66 (Vt dept nat resources)Methane 351 402,000 cowsclouds 100 MW standby natural gas

Vermont Public Interest Research Group's solution is unrealistic.Energy GWH/yr Reality

Total 5,864 2008Efficiency - 2.5% + 2.7%Wind 1,642 + 268 2.5 MW turbinesWood 938 2X area of Green Mt Nat ForSolar 880 + $7 billionHydro 351 + 66 (Vt dept nat resources)Methane 351 402,000 cowsclouds 100 MW standby natural gaslulls 670 MW standby natural gas

Follow the money ………………………................to the Vermont Conservation Law Foundation.

Follow the money from the natural gas industry to the Vermont Conservation Law Foundation.

AES CORPORATIONSiting a Super Clean Power Plant in New Hampshire

CLF Ventures [non-profit affiliate of the Conservation Law Foundation] assisted the AES Corporation with the siting of a 720 MW combined-cycle natural gas fired power plant at a proposed eco-industrial park in Londonderry, New Hampshire.

Vermont's

renewable

energy

programs

cost a lot.

Taxpayers and ratepayers subsidize wind and solar.

Federal incentivesAccelerated 5 year depreciation.30% income tax credit.2 cents/kWh production tax credit.Renewable energy credits market.

Taxpayers and ratepayers subsidize wind and solar.

Federal incentivesAccelerated 5 year depreciation.30% income tax credit.2 cents/kWh production tax credit.Renewable energy credits market.

State of Vermontneeded to encourage investors to build by guaranteeing power sales prices:

$ 0.20/kWh wind$ 0.30 solar

and requiring utilities to buy it and recover all the costs from ratepayers.

License renewal will be decided in courts.

Federal NRC has safety responsibility.

Entergy agreed to Vermont PUC approval of extension.

Vermont legislature gave itself approval authority.

Vermont state senate voted against extending license.

Energy Policy and Environmental Choices: Rethinking Nuclear Power : Thursday!

Call Dartmouth ILEAD 603 653 0154 to enroll.

Thank youBob Hargraves