Update: The Trump Effect
What is this going to do to Exelon? He's is going to wipe out federal green subsidies. Put all the coal miners back to work. Deregulate the hell out of the DEO and the Feds. This is all going intensify electric price declines. Going to completely wash out the effects of the Illinois nuke power agreement and favors to green energy.
The deal is just enough to keep the plants running, but have little effect over the material and safety conditions of the plant. The new pennies are not going to touch the vast majority of components in these grossly obsolete plants.
Quad City
One can only imagine the reverse engineering going on at these dilapidated plants. The parts and components are no longer in the commercial parts and component industry. They go these engineering firms to remanufacture the parts from the old specs and drawings. They usually lose information in the process guarantying they will fail early or not perform as normal commercial products. I'll bet half of the new funding is consumed in this ineffective and inefficient manner. It is horrendously inefficient spending hordes of money on the backbone technology which is fifty years old.
I'll bet you spending all this money will make the plant more unreliable.
As far as the 400 new employees, these corporations and businesses are notoriously inaccurate with these kinds of political disclosures. Even if all of this new money goes into upkeep and maintenance, it is still grossly insufficient to maintain safety and reliability considering how obsolete these guys are. Most of the money will inflate(or stabilize) the stock price and jack up executives bonuses.
I think the continued decline in natural gas price will drarf these new monies into these particular plants. I think these kinds of ends are desperation with trying support the declining price of electricity based mostly on the price of natural gas. Ultimately all of Exelon's nuclear plants are non profitable and are stranded assets.
What if all forms of green energy...windmills and sun panels...are stranded assets. What would collusion look like for the nukies and greenies?
Staff reportUpdated Dec 14, 2016CORDOVA — Exelon officials announced Wednesday that they plan to hire more than 400 people to fast track multiple capital projects at the Quad Cities Generating Station near Cordova and its Clinton, Ill. nuclear power plant.The announcement comes one week after Gov. Bruce Rauner signed the Future Energy Jobs Bill into law at Riverdale High School near Port Byron and similar ceremonies in Clinton, Ill.“Opponents of the Future Energy Jobs Bill called it a bailout, but that’s a ridiculous argument,” said Rory Washburn, executive director of the Quad Cities area’s Tri City Building Trades Council. “This legislation is already creating good paying jobs for Illinois families and leveling the playing field so our safe and well run nuclear facilities can compete fairly with other subsidized sources of clean energy.”The Quad Cities project list includes installing a hardened venting system, plant computer upgrades and enhancements to the control room simulator, which is used to train reactor operators. The Clinton list includes upgrades to the plant’s main generator, replacing an auxiliary transformer and upgrades to a pump motor that controls water flow outside the reactor.The projects, and others, were cancelled or put on hold in May after Exelon announced plans to close the Clinton plant in 2017 and the Cordova plant in 2018 if state subsidies were not approved…
No comments:
Post a Comment