NUCLEAR BY THE NUMBERS A PRIL

Transcription

1 NUCLEAR BY THE NUMBERS A PRIL

2 TABLE OF CONTENTS THE NUCLEAR ADVANTAGE US Nuclear Power Plants... 2 Nuclear Energy Creates and Sustains Jobs... 3 Nuclear Energy = Clean Air US Emissions-Free Fuel Shares... 5 CO2 Emissions Avoided by the US Power Industry... 6 PERFORMANCE AND COST US Nuclear Electricity Generation... 7 US Nuclear Industrywide Capacity Factors US Electricity Generation Fuel Shares Industry Average Total Generating Costs US Nuclear Plant Costs Nuclear Plant Capital Spending Trends Delivering the Nuclear Promise STATUS AND OUTLOOK Premature Nuclear Closures and Announced Shutdowns Nuclear Plants Saved from Premature Closure by State Policies Applications for Initial License Renewals Nuclear Technology Development Timelines Reactors Under Construction and Planned... 19

3 THE NUCLEAR ADVANTAGE US Nuclear Power Plants 99 reactors across 60 sites 99,635 MWe of baseload capacity billion kilowatt-hours in % capacity factor in 2017 WA CA OR NV ID UT AZ MT WY CO NM ND SD NE KS OK MN IA MO AR WI IL MI IN KY TN OH WV NC SC PA VA NY NJ MD DE VT NH ME MA CT RI MS AL GA AK TX LA HI FL Source: U.S. Energy Information Administration 2

4 THE NUCLEAR ADVANTAGE Nuclear Energy Creates and Sustains Jobs CONTRIBUTES $10 BILLION IN FEDERAL AND $2.2 BILLION IN STATE TAXES EACH YEAR SUPPORTS 475,000 JOBS SAVES CONSUMERS AN AVERAGE OF 6% ON ELECTRICITY BILLS ADDS $60 BILLION TO THE COUNTRY S GDP Source: The Nuclear Industry s Contribution to the US Economy, The Brattle Group, July

5 THE NUCLEAR ADVANTAGE Nuclear Energy = Clean Air AVOIDS MILLION METRIC TONS OF CARBON EMISSIONS EACH YEAR PREVENTS 315,000 SHORT TONS OF NOX AND 374,000 SHORT TONS OF SO2 EMISSIONS VALUED AT A SOCIAL COST OF $33.4 BILLION ANNUALLY Sources: Emissions avoided are calculated using regional and national fossil fuel emissions from the U.S. Environmental Protection Agency and plant generation data from U.S. Energy Information Agency. Updated March 2018 The Nuclear Industry s Contribution to the US Economy, The Brattle Group, July

6 THE NUCLEAR ADVANTAGE 2017 US Emissions-Free Fuel Shares 3.7% SOLAR 1.1% GEOTHERMAL 17.7% WIND 21.4% HYDRO 56.1% NUCLEAR Source: U.S.Energy Information Administration 5

7 THE NUCLEAR ADVANTAGE CO2 Emissions Avoided by the US Power Industry Million Metric Tons, 2017 NUCLEAR HYDRO WIND SOLAR 36.6 GEOTHERMAL 11.1 Source: Emissions avoided are calculated using regional and national fossil fuel emissions rates from the U.S. Environmental Protection Agency and plant generation data from the U.S. Energy Information Administration. 6

8 PERFORMANCE AND COST US Nuclear Electricity Generation Billion Kilowatt-Hours 1, Last 6 Years in in in in in in Source: U.S. Energy Information Administration 7

9 PERFORMANCE AND COST US Nuclear Industrywide Capacity Factors Source: U.S. Energy Information Administration 8

10 PERFORMANCE AND COST 2017 US Electricity Generation Fuel Shares 2.1% BIOMASS & PETROLEUM 1.3% SOLAR 0.4% GEOTHERMAL 7.6% HYDRO 6.3% WIND 20.0% NUCLEAR 30.1% COAL 31.7% NATURAL GAS Source: U.S. Energy Information Administration 9

11 PERFORMANCE AND COST 2017 Industry Average Total Generating Costs ($/MWh) $6.66 CAPITAL $6.45 FUEL TOTAL GENERATING COST: $33.61 $20.50 OPERATIONS Source: Electric Utility Cost Group 10

12 PERFORMANCE AND COST 2017 Industry Average Total Generating Costs ($/MWh) $42.69 $33.61 $31.02 Industry Average Single Unit Sites Multi-Unit Sites Total generating cost = fuel cost + capital cost + operating cost. Source: Electric Utility Cost Group 11

13 PERFORMANCE AND COST US Nuclear Plant Costs (2017 $/MWh): Average generating costs have decreased from peak of $41.11/MWh in 2012 to $33.61/MWh in YEAR FUEL CAPITAL OPERATING TOTAL Change 8.8% 64.1% 6.5% 15.0% Change -17.1% -40.5% -8.4% -18.7% Source: Electric Utility Cost Group 12

14 PERFORMANCE AND COST Nuclear Plant Capital Spending Trends Capital expenditures down 3.7% from $5.36 billion in 2017 capital expenditures $5.36B SUSTAINING INFORMATION TECHNOLOGY REGULATORY ENHANCEMENTS INFRASTRUCTURE (NONPOWER BLOCK) CAPITAL SPARES Note: Detailed cost breakdown not yet available for Source: Electric Utility Cost Group 13

15 PERFORMANCE AND COST Delivering the Nuclear Promise Estimated Value of Improvement Opportunities $1.6 BILLION POTENTIAL SAVINGS Source: Industry Delivering the Nuclear Promise Steering Group Updated: November

16 STATUS AND OUTLOOK Premature Nuclear Plant Closures and Annouced Shutdowns 15,903 MWe of baseload capacity 75.8 million metric tonnes of CO2 avoided Approximately 8,200 direct jobs from announced plant shutdowns PLANT MWe REASON CLOSURE YEAR LATEST ELECTRICITY GENERATED (bkwh/year) LATEST CO2 EMISSIONS AVOIDED (million tons/ year) Crystal River Mechanical San Onofre 2 & 3 2,150 Mechanical Kewaunee 566 Market Vermont Yankee 620 Market Fort Calhoun 478 Market Oyster Creek 610 Policy Three Mile Island Market Pilgrim 678 Market Davis-Besse 908 Market Indian Point 2 & 3 2,061 Market & Policy Beaver Valley 1 & 2 1,872 Market Perry 1,268 Market Palisades 789 Market Diablo Canyon 1 & 2 2,240 Policy Source: Emissions avoided are calculated using regional and national fossil fuel emissions rates from the U.S. Environmental Protection Agency and latest plant generation data from the U.S. Energy Information Administation. 15

17 STATUS AND OUTLOOK Nuclear Plants Saved from Premature Closure by State Policies 8,184 MWe of baseload capacity 39.2 million metric tonnes of CO2 avoided More than the electricity generated by all US utility solar in 2017 More than 5,400 direct jobs saved PLANT MWe REASON FOR POTENTIAL SHUTDOWN PROJECTED CLOSURE YEAR ELECTRICITY GENERATED IN 2017 (bkwh/year) CO2 EMISSIONS AVOIDED IN 2017 (million tons/ year) Fitzpatrick 852 Market Ginna 582 Market Clinton 1,065 Market Millstone 2 & 3 2,096 Market ~ Nine Mile Point 1 & 2 1,770 Market Quad Cities 1 & 2 1,819 Market

18 STATUS AND OUTLOOK Applications for Initial License Renewal Extending plant life from 40 to 60 years 86 UNITS GRANTED 4 UNITS EXPECTED TO APPLY 5 UNITS UNDER REVIEW Note: Diablo Canyon 1 and 2 s initial license renewal applications are not reflected in the Units Under Review category because of the plant s announced closure. Source: U.S. Nuclear Regulatory Commission Updated: April

19 STATUS AND OUTLOOK Nuclear Technology Development Timelines Advanced reactors Small modular reactors New light water reactors Existing plants +2nd Lic. Renewal ~ Half of plants will reach 60 year lifetime. ~ All plants will reach 60 year lifetime. 18

20 STATUS AND OUTLOOK Reactors Under Construction and Planned CHINA RUSSIA 5 22 JAPAN 2 9 US 2 8 INDIA S. KOREA UAE 4 TURKEY 1 3 REACTORS UNDER CONSTRUCTION* PAKISTAN 2 0 REACTORS PLANNED** UKRAINE 2 0 TAIWAN 2 SLOVAKIA 2 * Chart includes only countries with units under construction. ** Countries planning new units are not all included in the chart. Planned units = Approvals, funding or major commitment in place, mostly expected in operation within 8-10 years. BELARUS 2 FINLAND 1 1 BANGLADESH 1 1 FRANCE 1 ARGENTINA 1 Sources: International Atomic Energy Agency: Power Reactor Information System Updated: April

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