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• Center for American Progress Distorts the Loan Guarantee Program

  On Monday, CAP attempted to provide some facts about DOE’s loan guarantee program that needless to say completely distorted the picture. After spending a few days dissecting their analysis, NEI came out with a 13 page response that rebuts CAP and clarifies the facts . Below the rest of this post are just a few snippets from our response. The Center for American Progress is openly and determinedly anti... Posted Mar 11 2010, 11:30 AM by NEI Nuclear Notes Filed under: Loan Guarantees, DOE, opinion, activists, Nuclear, department of energy

• CBO Director on Loan Guarantees for New Nuclear Plants

  The Congressional Budget Office’s Director, Douglas Elmendorf , provided some important insight into how loan guarantees are assessed in the US government’s budget . For those who have been following the 50 percent default rate argument that nuclear critics have been making , CBO makes clear that the assumption of the rate in their 2003 report was for a piece of legislation that was never enacted.... Posted Mar 04 2010, 02:50 PM by NEI Nuclear Notes Filed under: Loan Guarantees, DOE, Energy Secretary, Steven Chu, Congressional Budget Office, cbo

• A Comparison of Loan Guarantee Volume by Energy Technology

  Since the President’s support for nuclear was made clear at the State of the Union, our nuclear critics have dramatically ramped up their opposition to nuclear, particularly on loan guarantees. Besides continuously repeating the debunked 50 percent default rate for nuclear , one detail often neglected by our critics is how much loan volume is proposed as well as currently available for various technologies... Posted Feb 03 2010, 02:20 PM by NEI Nuclear Notes Filed under: Loan Guarantees, NEI, Nuclear, construction, state of the union, power plants

• The Department of Energy 2011 Budget Request

  Or the nuclear elements thereof, anyway. This was written for NEI’s member newsletter, Nuclear Energy Overview, and provides a fairly thorough overview of the nuclear elements of this year’s budget request. This is just the beginning of the annual process, with the House and Senate due to hold many hearings, grouse about this or that, and vote for more or less money requested by the administration... Posted Feb 02 2010, 05:39 PM by NEI Nuclear Notes Filed under: Loan Guarantees, Nuclear, construction, state of the union, power plants

• The Energy Budget Request 2011: Prelude

  The Department of Energy’s 2011 budget request is excellent in recognizing the value of nuclear energy, mostly by simply shifting sums around to favor research a little more and increasing the loan guarantee authority to ensure more plants can be built. We’ll have more details about the budget request a little later today. In the meantime, we thought we’d provide a little context for the nuclear good... Posted Feb 02 2010, 02:10 PM by NEI Nuclear Notes Filed under: Loan Guarantees, Nuclear, construction, state of the union, power plants

• Pro-Nuclear Bloggers Chat It Up About Last Week’s Major Announcements from the Obama Administration

  Last night, seven of us had the opportunity to chat amongst ourselves about President Obama’s State of the Union , the announcement of a blue-ribbon commission , the proposal to increase loan guarantees and Vermont Yankee’s tritium quagmire . Last week was quite an eventful week for the nuclear industry so for one of Rod Adams’s podcast shows , a number of us were asked by Rod if we could share our... Posted Feb 01 2010, 07:15 AM by NEI Nuclear Notes Filed under: Loan Guarantees, Nuclear, construction, state of the union, power plants

• The State of the Union: The Reaction

  President Barack Obama essentially led with nuclear energy while discussing energy last night, a move that surprised many, delighted us (and more besides us) and distressed a few. It may prove to be one of the “discussed” points of the speech. Take this bit from CNET’s coverage: "One surprise that few people would have anticipated only a few years ago: A mention of biofuels and clean coal received... Posted Jan 28 2010, 03:26 PM by NEI Nuclear Notes Filed under: Loan Guarantees, Nuclear, construction, state of the union, power plants

• The State of the Union

  Here’s the energy portion of President Barack Obama’s first State of the Union address. The third paragraph is the keeper: in discussing more jobs – the theme of this year – Obama led with nuclear energy: Next, we need to encourage American innovation. Last year, we made the largest investment in basic research funding in history, an investment -- an investment that could lead to the world's cheapest... Posted Jan 28 2010, 10:07 AM by NEI Nuclear Notes Filed under: Loan Guarantees, Nuclear, construction, state of the union, power plants

• USEC Gets a Reprieve

  Or even wins. Note the two posts about USEC below – it’s all about the company’s American Centrifuge project and DOE’s rejection of its loan guarantee application to move it to the next stage – and USEC’s almost ferocious response to that rejection. And now, DOE issues a press release : The Department of Energy and USEC Inc. today announced an agreement to delay a final review on the company’s loan... Posted Aug 05 2009, 11:54 AM by NEI Nuclear Notes Filed under: Loan Guarantees, DOE, Steven Chu, usec, centrifuge

• Loan Guarantees in the "American Recovery and Reinvestment Act" of 2009

  Today might be the day we find out if $50B in loan volume for the existing loan guarantee clean energy program makes it into the final "stimulus" bill. The Conference Committee members are supposed to meet at 3 pm today to iron out the details. As promised last week when I explained how the loan guarantees were scored , below is page 20 (out of 69 pages) from the Congressional Budget Office's... Posted Feb 11 2009, 11:00 AM by NEI Nuclear Notes Filed under: Politics and Nuclear Power, Loan Guarantees, Economics

• Stimulus Bill Conference Committee Members Announced

  After passing the stimulus plan by a vote of 61 - 37 earlier today, the Senate conference committee members have been announced. Harry Reid (D-NV), Senate Majority Leader Max Baucus (D-MT), Finance Committee Chairman Charles Grassley (R-IA), Ranking Republican, Finance Committee Daniel Inouye (D-HI), Appropriations Chairman Thad Cochran (R-MS), Ranking Republican, Appropriations Committee, We'll... Posted Feb 10 2009, 02:36 PM by NEI Nuclear Notes Filed under: Politics and Nuclear Power, Loan Guarantees, Economics

• Stimulus Bill Debate

  An interesting segment earlier today on NPR 's Morning Edition : " What Kind Of Green Jobs Will Stimulus Spawn? " This exchange between the reporter, Christopher Joyce, and Karen Harbert , president and CEO of the Institute for 21st Century Energy , caught my ear as I was running out the door. Joyce : Another form of virtually carbon-free baseload electricity is nuclear power. While the... Posted Feb 10 2009, 01:04 PM by NEI Nuclear Notes Filed under: Politics and Nuclear Power, Loan Guarantees, Economics

• Thoughts on the DOE Loan Guarantee Program

  The Department of Energy is moving forward with its clean energy Loan Guarantee program. In a press release last week, DOE announced that it had received applications from 17 companies to build 14 nuclear power plants totaling 21 new units and almost 29,000 megawatts of new electrical capacity. In total, the applications seek $122 billion in loan guarantees, while the program is authorized to commit... Posted Oct 06 2008, 02:20 PM by NEI Nuclear Notes Filed under: Loan Guarantees, DOE

• Loan Guarantees for New Nuclear Could Total $20.5B

  That's what the Washington Post is reporting : The report on the omnibus bill says the Energy Department should guarantee, among other things, $18.5 billion in loans for new nuclear plants, $10 billion for renewable energy and efficiency, $6 billion for carbon capture at coal plants and $2 billion for uranium enrichment. The $18.5B would go towards the construction of potentially 3-5 new nuclear... Posted Dec 19 2007, 02:04 PM by NEI Nuclear Notes Filed under: Loan Guarantees

• Nuclear Energy and Loan Guarantees, Part III

  In our final installment on nuclear energy and loan guarantees, Richard Myers, NEI's Vice President of Policy Development , explains why subsidies aren't a four-letter word in American political history. Subsidy Is Not A Four-Letter Word Can we talk about subsidies? In our last post , we took issue with the anti-nuclear refrain – “massive subsidies for the nuclear power industry” – and showed... Posted Oct 25 2007, 01:15 PM by NEI Nuclear Notes Filed under: Loan Guarantees